NOT LISTED FOR SALE

Estimated Value: $3,548,000 - $5,563,000

3 Beds
3 Baths
2,393 Sq Ft
$1,833/Sq Ft Est. Value

Last Sold September 16, 2019

Last sale price $2,495,000 $1,043 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $25,663/month

45 Days on Market

Highlights

  • Open Floorplan
  • Cape Cod Architecture
  • Wood Flooring
  • Abraham Lincoln Elementary School Rated A
  • Cathedral Ceiling
  • Living Room with Attached Deck

About This Home

As of September 2019

Timeless, turnkey Nantucket-style 3-bedroom, 3-bath home on coveted Little Balboa Island, one block from the Bay. Extensively remodeled and re-painted inside and out in 2015. The open floor plan offers great entertaining areas and remodel includes new appliances, granite counters and slate flooring in kitchen and baths throughout. Wide planked hardwood floors, wainscoting and Restoration Hardware fixtures accent the beach style along with tongue and groove style lacquered living room ceiling. With two central AC units, the home offers a large living room with grand fireplace opening to a sunny front patio, chef's deluxe kitchen with eating counter, dining room with cathedral ceiling, 3/4 bath, large laundry room, and generous 2 car garage. Second level provides large master suite with vaulted ceiling, spa quality bath and large balcony, plus 2 guest bedrooms, one en-suite. Furniture currently in the home and a rare shore mooring, just a 3 minute walk to East Bayfront of Little Island, including a pristine Boston Whaler are available for additional consideration. Serene Little Island atmosphere offers intimate community/events, wide streets, underground utilities, complete with its own Little Island flag.

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 06/21/2019

Last Buyer's Agent

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 06/21/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,541

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • 2,550 Sq Ft Lot
  • Property fronts an alley
  • Vinyl Fence
  • Property is zoned R1.5

Parking

  • 2 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Patio Home
  • Turnkey
  • Slab Foundation

Interior Spaces

  • 2,393 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • Chair Railings
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Awning
  • Shutters
  • French Doors
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Tankless Water Heater
  • Sewer Paid

Additional Features

  • More Than Two Accessible Exits
  • Brick Porch or Patio

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 6
  • Assessor Parcel Number 05019210

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,541

Year Built

Built in 1986 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Balboa Island - Little Island (BALL)
  • View: No
  • Zoning: R1.5
  • Architectural Style: Cape Cod
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05019210
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2393.00 Square Feet
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Chair Railings, Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Vacuum Central
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1042.62
  • Room Type: All Bedrooms Up, Living Room, Walk-In Closet
  • Window Features: Double Pane Windows, Shutters
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Stone Counters
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Vinyl
  • Patio And Porch Features: Brick, Concrete
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Gas Cooktop, Microwave, Refrigerator, Tankless Water Heater
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Patio Home
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0585

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2021
Sold by
Arnold Larry M and Arnold Heather Bailey
Bought by
Arnold Larry M and The Larry And Heather Arnold T
Total Days on Market
45
Current Estimated Value
$4,387,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$723,100
Outstanding Balance
$655,530
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$3,732,016

Purchase Details

Closed on
Feb 26, 2021
Sold by
Arnold Larry M and The Larry And Heather Arnold T
Bought by
Arnold Larry M and Arnold Heather Bailey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$723,100
Outstanding Balance
$655,530
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$3,732,016

Purchase Details

Listed on
Jun 21, 2019
Closed on
Sep 14, 2019
Sold by
Arnold Larry M and Arnold Heather Bailey
Bought by
Arnold Larry M and The Larry And Heather Arnold Trust
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$2,595,000
Sold Price
$2,495,000
Premium/Discount to List
-$100,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.37%
Original Mortgage
$726,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 21, 2019
Closed on
Aug 8, 2019
Sold by
Kennedy Michael J and Kennedy Leslie
Bought by
Arnold Larry M and Arnold Heather Bailey
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$2,595,000
Sold Price
$2,495,000
Premium/Discount to List
-$100,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2015
Sold by
Kennedy Michael J and Kennedy Leslie A
Bought by
Kennedy Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2014
Closed on
Apr 3, 2014
Sold by
Wong Cecilia
Bought by
Kennedy Michael J and Kennedy Leslie A
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$2,399,000
Sold Price
$2,300,000
Premium/Discount to List
-$99,000
-4.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$1,250,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2012
Sold by
Wong Cecilia and Wong Webster
Bought by
Wong Cecilia and The Cecilia Wong Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,700
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2012
Sold by
Wong Cecilia
Bought by
Wong Cecilia and Cecilia Wong Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2011
Sold by
Wong Cecilia and Wong Webster
Bought by
Wong Cecilia and The Cecilia Wong Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2011
Sold by
Wong Cecilia
Bought by
Wong Cecilia and Wong Webster

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2009
Sold by
Wong Cecilia
Bought by
Wong Cecilia and Cecilia Wong Trust

Purchase Details

Closed on
Feb 6, 2009
Sold by
Landon Jerrold E and Landon Helen J
Bought by
Wong Cecilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arnold Larry M -- Fntg Lenders Direct
Arnold Larry M -- Commonwealth Land Title Co
Arnold Larry M -- Accommodation
Arnold Larry M $2,495,000 Lawyers Title Company
Kennedy Trust -- None Available
Kennedy Michael J $2,300,000 Lawyers Title Company
Wong Cecilia -- Accommodation
Wong Cecilia -- Equity Title Orange County-I
Wong Cecilia -- Equity Title Orange County-I
Wong Cecilia -- First American Title Company
Wong Cecilia -- First American Title Co
Wong Webster -- First American Title Co
Wong Cecilia -- None Available
Wong Cecilia $2,200,000 Stewart Title Irvine
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arnold Larry M $723,100
Closed Arnold Larry M $500,000
Closed Arnold Larry M $726,500
Previous Owner Kennedy Michael J $1,070,000
Previous Owner Kennedy Michael J $1,240,000
Previous Owner Kennedy Michael J $1,250,000
Previous Owner Wong Cecilia $565,700
Previous Owner Wong Cecilia $569,000
Previous Owner Wong Cecilia $574,000
Previous Owner Wong Cecilia $593,000
Previous Owner Wong Cecilia $600,000
Previous Owner Wong Cecilia $1,100,000
Previous Owner Landon Jerrold E $353,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2019 09/16/19 Sold $2,495,000 0.0% $1,043 / Sq Ft
08/05/2019 08/05/19 Pending -- -- --
07/26/2019 07/26/19 Price Changed $2,495,000 -3.9% $1,043 / Sq Ft
06/21/2019 06/21/19 For Sale $2,595,000 +12.8% $1,084 / Sq Ft
05/06/2014 05/06/14 Sold $2,300,000 -4.1% $1,571 / Sq Ft
04/23/2014 04/23/14 Pending -- -- --
04/23/2014 04/23/14 For Sale $2,399,000 -- $1,639 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2024 $28,541 $2,675,142 $2,317,488 $357,654
2023 $27,874 $2,622,689 $2,272,047 $350,642
2022 $27,412 $2,571,264 $2,227,497 $343,767
2021 $26,813 $2,520,848 $2,183,821 $337,027
2020 $26,555 $2,495,000 $2,161,428 $333,572
2019 $26,859 $2,527,509 $2,193,982 $333,527
2018 $26,322 $2,477,950 $2,150,962 $326,988
2017 $25,855 $2,429,363 $2,108,786 $320,577
2016 $25,271 $2,381,729 $2,067,437 $314,292
2015 $25,033 $2,345,954 $2,036,382 $309,572
2014 -- $2,276,791 $1,952,026 $324,765
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19147263

California Regional Multiple Listing Service (CRMLS)

APN: 050-192-10