NOT LISTED FOR SALE

Estimated Value: $3,232,000 - $4,082,000

4 Beds
3 Baths
1,910 Sq Ft
$1,945/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $2,000,000 $1,047 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $20,975/month

220 Days on Market

Highlights

  • Beach Access
  • Ocean Side of Highway 1
  • Property is near public transit
  • Abraham Lincoln Elementary School Rated A
  • Open Floorplan
  • Cathedral Ceiling

About This Home

As of July 2020

Back on Market! This charming 1948 Balboa Island cottage with a separate upper unit is a “must see”! The main house is 3 bedrooms and 2 baths and the separate unit is 1 bedroom, 1 bath with a nice living room area, no kitchen. There is an interior patio for outside dining, Morning coffee or reading a good Book. Take a step back in time with the beautiful knotty pine walls, galley kitchen and custom brown wood shutters. I added 2 pictures #5 and #9 that were "Virtually Staged" to show you what the Living Room and Kitchen would look like with white walls. Just another example of the versatility of this darling home.
You can feel the energy of the memories of years of Fun family vacations when you walk through the front door. Great location on the Island! A block to S. Bay Front and 2 blocks to all the shops and Restaurants on Marine Ave. You will love the Balboa Island lifestyle and this lovely Balboa Island Cottage.

Please see my virtual tour: https://www.youtube.com/watch?v=Zgg6mcER0wg&feature=youtu.be

Last Agent to Sell the Property

Sue Podany

Surterre Properties Inc. License #01447672 Listed on: 10/28/2019

Surterre Properties Inc.

Last Buyer's Agent

Jim Kline

Surterre Properties Inc. License #01171319

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,726

Year Built

  • Built in 1948

Lot Details

  • 2,550 Sq Ft Lot
  • Lot Dimensions are 85 x 30
  • West Facing Home
  • Brick Fence
  • Fence is in good condition
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • No Driveway

Home Design

  • Cottage
  • Wood Product Walls
  • Fire Rated Drywall
  • Composition Roof
  • Copper Plumbing
  • Clapboard

Interior Spaces

  • 1,910 Sq Ft Home
  • Open Floorplan
  • Wired For Data
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Shutters
  • Drapes & Rods
  • Bay Window
  • Window Screens
  • French Doors
  • Living Room with Fireplace
  • Bonus Room
  • Storage
  • Neighborhood Views
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Gas Range
  • Free-Standing Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Self-Closing Drawers

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 3 Full Bathrooms
  • Quartz Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Grab Bar In Bathroom
  • Entry Slope Less Than 1 Foot

Outdoor Features

  • Beach Access
  • Ocean Side of Highway 1
  • Open Patio
  • Exterior Lighting
  • Rain Gutters
  • Front Porch

Location

  • Property is near public transit

Schools

  • Corona Del Mar Middle School
  • Newport Harbor High School

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Overhead Utilities
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 3 / 20
  • Tax Tract Number 101
  • Assessor Parcel Number 05016112

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,726

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Refrigerator in both units
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05016112
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1910.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Open Floorplan, Pull Down Stairs to Attic, Storage, Unfurnished, Wired for Data, Wood Product Walls
  • Entry Location: Front Side
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Tile
  • Accessibility Features: Entry Slope Less Than 1 Foot, Grab Bars In Bathroom(s)
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1047.12
  • Room Type: Bonus Room, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Bay Window(s), Double Pane Windows, Drapes, Screens, Shutters
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Exhaust Fan(s), Linen Closet/Storage, Quartz Counters
  • Room Kitchen Features: Quartz Counters, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Brick, Good Condition
  • Patio And Porch Features: Brick, Patio Open, Front Porch
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Clapboard, Drywall Walls

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener, No Driveway, On Site
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Range, Microwave, Vented Exhaust Fan, Water Line to Refrigerator
  • Electric: Electricity - On Property, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified
  • Middle School: Corona Del Mar
  • High School: Newport Harbor
  • High School: Newport Harbor
  • Middle Or Junior School: Corona Del Mar
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 20000-39999 Sqft, Near Public Transit, Sprinkler System, Sprinklers In Front, Utilities - Overhead
  • Lot Size: 85 x 30
  • 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: 1400
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 20
  • Tax Census Tract: 630.06
  • Tax Lot: 3
  • Tax Tract Number: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2020
Sold by
Lee Robert J and Lee Mark H
Bought by
Allen Scott H and Allen Karen P
Current Estimated Value
$3,501,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2019
Sold by
Lee Robert J
Bought by
Lee Robert J and Lee Mark H

Purchase Details

Closed on
Apr 28, 2009
Sold by
Lee Donald Howard
Bought by
Lee Janice S

Purchase Details

Closed on
Apr 6, 2009
Sold by
Lee Janice S
Bought by
Lee Janice S and The Lee Family Trust

Purchase Details

Closed on
Jan 2, 2009
Sold by
Lee Janice S
Bought by
Lee Janice S and Lee Family Trust
Source: Public Records

Range of Values:

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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
Allen Scott H $2,000,000 California Title Company
Lee Robert J -- None Available
Lee Janice S -- Fnt
Lee Janice S -- Fnt
Lee Janice S -- Fnt
Lee Janice S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Scott H $1,400,000
Previous Owner Allen Scott H $1,400,000
Previous Owner Lee Janice S $251,000
Previous Owner Lee Janice S $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2020 07/10/20 Sold $2,000,000 -4.5% $1,047 / Sq Ft
06/04/2020 06/04/20 Pending -- -- --
04/25/2020 04/25/20 Price Changed $2,095,000 -2.1% $1,097 / Sq Ft
01/23/2020 01/23/20 Price Changed $2,139,000 -2.7% $1,120 / Sq Ft
10/28/2019 10/28/19 For Sale $2,198,000 -- $1,151 / 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
2025 $22,726 $2,164,864 $2,031,626 $133,238
2024 $22,726 $2,122,416 $1,991,790 $130,626
2023 $22,193 $2,080,800 $1,952,735 $128,065
2022 $21,825 $2,040,000 $1,914,446 $125,554
2021 $21,407 $2,000,000 $1,876,907 $123,093
2020 $2,837 $235,242 $109,844 $125,398
2019 $2,711 $230,630 $107,690 $122,940
2018 $2,658 $226,108 $105,578 $120,530
2017 $2,611 $221,675 $103,508 $118,167
2016 $2,555 $217,329 $101,479 $115,850
2015 $2,527 $214,065 $99,955 $114,110
2014 $2,467 $209,872 $97,997 $111,875
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19252557

California Regional Multiple Listing Service (CRMLS)

APN: 050-161-12