Seller's Agent in 2021
Drew Teicheira
Harcourts Place
(949) 244-7438
3 in this area
86 Total Sales
Estimated Value: $4,628,000 - $5,177,000
3
Beds
3
Baths
2,236
Sq Ft
$2,197/Sq Ft
Est. Value
Highlights
- Ocean View
- Property has ocean access
- Rooftop Deck
- Newport Elementary School Rated A
- Fishing
- Sauna
About This Home
As of May 2021Luxury Live Auction! Bidding to start from $2,500,000! As one of the few properties with an expansive rooftop deck offering panoramic views of Newport Beach and Balboa Bay, this is a rare opportunity to be the envy of the entire neighborhood. This spacious deck includes a custom built countertop complete with a built-in BBQ, range, sink, refrigerator and bar top area. Other features include a built-in speaker system, ambience lighting, and enough space for multiple seating areas to entertain friends and family. Back down on the main level, the great room includes a living room with gas fireplace, built-in shelving, and dining area with wine cooler and storage. Additionally, the exceptional kitchen is outfitted with custom cabinetry, top of the line appliances, countertop seating, and gorgeous backsplash finishes. Off the kitchen is the secluded laundry area with stacked washer and dryer, countertops, sink, and storage. Upstairs is the family room complete with fireplace and multi-slide glass doors leading to a sizable balcony. When the custom remote controlled awnings are lowered, this creates the perfect indoor/outdoor living space to enjoy the Ocean views while staying cool. The master suite offers direct views of Balboa Bay without sacrificing privacy. The recently renovated master bath includes a dual vanity, skylights, walk in closet, and Clearlight infrared sauna (with the ability to reinstall tub if desired as all plumbing is intact). Finally, the 2 car garage is positioned perfectly to allow for easy access and parking. The location of this property is unbeatable considering its proximity to the Newport Harbor Yacht Club, the Balboa Pier and Island Ferry, and the Newport Beach Pier with every type of bar and restaurant imaginable.
Last Agent to Sell the Property
Harcourts Place License #02030547 Listed on: 04/27/2021
Co-Listed By
Abby Modarres
Compass License #02029954
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $37,130
Year Built
- Built in 1997
Lot Details
- 2,100 Sq Ft Lot
- Landscaped
- Rectangular Lot
- Level Lot
- Density is up to 1 Unit/Acre
Parking
- 2 Car Attached Garage
- Parking Available
- Rear-Facing Garage
- Single Garage Door
Property Views
- Ocean
- Coastline
- Bay
- Harbor
- Views of a pier
- Panoramic
- City Lights
- Neighborhood
Interior Spaces
- 2,236 Sq Ft Home
- 3-Story Property
- Central Vacuum
- Wired For Sound
- Wired For Data
- Built-In Features
- Bar
- Ceiling Fan
- Recessed Lighting
- Fireplace With Gas Starter
- Electric Fireplace
- Awning
- Entryway
- Family Room with Fireplace
- Living Room with Fireplace
- Combination Dining and Living Room
- Storage
- Sauna
Kitchen
- Eat-In Kitchen
- Double Oven
- Six Burner Stove
- Built-In Range
- Range Hood
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
- Pots and Pans Drawers
- Built-In Trash or Recycling Cabinet
- Trash Compactor
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- All Upper Level Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Makeup or Vanity Space
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Bathtub with Shower
- Walk-in Shower
- Linen Closet In Bathroom
- Closet In Bathroom
Laundry
- Laundry Room
- Stacked Washer and Dryer
Home Security
- Alarm System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Property has ocean access
- Beach Access
- Living Room Balcony
- Rooftop Deck
- Covered Patio or Porch
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
Location
- Across the Road from Lake or Ocean
- Property is near a clubhouse
Utilities
- Forced Air Heating and Cooling System
- Phone System
Listing and Financial Details
- Legal Lot and Block 16 / 4
- Tax Tract Number 219
- Assessor Parcel Number 04802202
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Subdivision
Recreation
- Fishing
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 27, 2021
Closed on
May 6, 2021
Sold by
Jacobs Kenneth C and Jacobs Eileen C
Bought by
Chen Michael and Chow Jennet
Seller's Agent
Drew Teicheira
Harcourts Place
Buyer's Agent
Drew Teicheira
Harcourts Place
List Price
$2,500,000
Sold Price
$3,290,000
Premium/Discount to List
$790,000
31.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,622,755
Avg. Annual Appreciation
9.08%
Purchase Details
Closed on
Feb 22, 2002
Sold by
Lloyd Richard C and Lloyd Susan A
Bought by
Jacobs Kenneth C and Jacobs Eileen C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 3, 1998
Sold by
Lloyd Richard C and Lloyd Susan A
Bought by
Lloyd Richard C and Lloyd Susan A
Purchase Details
Closed on
Aug 26, 1993
Sold by
Shea John Francis and Shea Jennifer Everett
Bought by
Lloyd Richard C and Lloyd Susan A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
4.5%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Michael | $3,290,000 | Wfg Title Company | |
| Jacobs Kenneth C | $1,500,000 | Equity Title | |
| Lloyd Richard C | -- | -- | |
| Lloyd Richard C | $300,000 | First American Title Insuran |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen/Chow Family 2018 Trust | $2,000,000 | |
| Previous Owner | Jacobs Kenneth C | $1,500,000 | |
| Previous Owner | Jacobs Kenneth C | $1,000,000 | |
| Previous Owner | Jacobs Kenneth C | $530,000 | |
| Previous Owner | Jacobs Kenneth C | $450,000 | |
| Previous Owner | Jacobs Kenneth C | $1,050,000 | |
| Previous Owner | Lloyd Richard C | $100,000 | |
| Previous Owner | Lloyd Richard C | $650,000 | |
| Previous Owner | Lloyd Richard C | $272,000 | |
| Previous Owner | Lloyd Richard C | $236,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2021 05/07/21 | Sold | $3,290,000 | +31.6% | $1,471 / Sq Ft |
| 04/27/2021 04/27/21 | For Sale | $2,500,000 | -- | $1,118 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $37,130 | $3,561,201 | $3,237,281 | $323,920 |
| 2024 | $37,130 | $3,491,374 | $3,173,805 | $317,569 |
| 2023 | $36,262 | $3,422,916 | $3,111,573 | $311,343 |
| 2022 | $35,664 | $3,355,800 | $3,050,561 | $305,239 |
| 2021 | $21,903 | $2,047,199 | $1,710,387 | $336,812 |
| 2020 | $21,693 | $2,026,208 | $1,692,849 | $333,359 |
| 2019 | $21,244 | $1,986,479 | $1,659,656 | $326,823 |
| 2018 | $20,821 | $1,947,529 | $1,627,114 | $320,415 |
| 2017 | $20,453 | $1,909,343 | $1,595,210 | $314,133 |
| 2016 | $19,994 | $1,871,905 | $1,563,931 | $307,974 |
| 2015 | $20,178 | $1,843,788 | $1,540,440 | $303,348 |
| 2014 | $19,789 | $1,807,671 | $1,510,265 | $297,406 |
Source: Public Records
Agents Affiliated with this Home
-
Drew Teicheira
-
A
Seller Co-Listing Agent in 2021
Abby Modarres
Compass
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21088723
APN: 048-022-02
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