NOT LISTED FOR SALE

Estimated Value: $2,627,594 - $3,536,000

2 Beds
2.5 Baths
1,681 Sq Ft
$1,918/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $2,885,000 $1,716 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $18,291/month

47 Days on Market

Highlights

  • No HOA
  • Den
  • Laundry Room
  • Abraham Lincoln Elementary School Rated A
  • 2 Car Attached Garage
  • 5-minute walk to Balboa Island Park

About This Home

As of August 2022

Balboa Island charmer! Enjoy everything Balboa Island has to offer including parades, community events, and the ultimate nautical lifestyle. Walk, bike or drive your golf cart to restaurants & shopping. The fully remodeled lower-level residence hosts one large bedroom and a den with two beautifully updated baths, open beamed ceilings, beautiful wood floors, a designer kitchen and light bright interior finishes throughout. The upstairs unit above the garage is a one bedroom, one bath with a large living room, kitchen and covered deck. Don’t miss this opportunity to be on the Island. The downstairs could be available for lease at $5,500.

Last Agent to Sell the Property

John Trevino

Compass License #01411440 Listed on: 06/09/2022

Compass

Last Buyer's Agent

Janice Arrigo

Surterre Properties Inc. License #01020536

Surterre Properties Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 2,614 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 1,681 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Den

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Converted Bedroom

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Central Air

Community Details

  • No Home Owners Association
  • 2 Units
  • Balboa Island Main Island Subdivision

Listing and Financial Details

  • Legal Lot and Block 16 / 10
  • Tax Tract Number 100
  • Assessor Parcel Number 05009212

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: No
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 05009212
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1681.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1716.24
  • Room Type: Converted Bedroom, Den

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 630.06
  • Tax Lot: 16
  • Tax Tract Number: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Aug 22, 2022
Sold by
Melinda Wayne Munoz 1985 Trust
Bought by
Woodland Richard B and Woodland Cynthia O
Seller's Agent
John Trevino
Compass
Buyer's Agent
Janice Arrigo
Surterre Properties Inc.
List Price
$3,395,000
Sold Price
$2,885,000
Premium/Discount to List
-$510,000
-15.02%
Views
7
Current Estimated Value
$3,224,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,399
Avg. Annual Appreciation
3.40%
Original Mortgage
$1,586,750
Outstanding Balance
$1,500,488
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$1,723,911

Purchase Details

Closed on
May 19, 2015
Sold by
Munoz Melinda Wayne
Bought by
Munoz Melinda Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
2.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2015
Sold by
Munoz Melinda Wayne
Bought by
Munoz Melinda Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
2.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2010
Sold by
Munoz Melinda Wayne
Bought by
Munoz Melinda Wayne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Woodland Richard B $2,885,000 Chicago Title
Munoz Melinda Wayne -- Chicago Title Company
Munoz Melinda Wayne -- Chicago Title Company
Munoz Melinda Wayne -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woodland Richard B $1,586,750
Previous Owner Munoz Melinda Wayne $470,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $2,885,000 -0.3% $1,716 / Sq Ft
07/26/2022 07/26/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $2,895,000 -14.7% $1,722 / Sq Ft
06/09/2022 06/09/22 For Sale $3,395,000 -- $2,020 / 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 $16,764 $1,315,687 $1,219,518 $96,169
2024 $16,764 $1,289,890 $1,195,606 $94,284
2023 $16,338 $1,264,599 $1,172,163 $92,436
2022 $7,964 $715,962 $522,105 $193,857
2021 $7,813 $701,924 $511,868 $190,056
2020 $7,737 $694,727 $506,619 $188,108
2019 $7,583 $681,105 $496,685 $184,420
2018 $7,433 $667,750 $486,946 $180,804
2017 $6,390 $568,010 $477,398 $90,612
2016 $6,122 $544,249 $468,037 $76,212
2015 $6,061 $536,074 $461,006 $75,068
2014 $5,918 $525,574 $451,976 $73,598
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG22123297

California Regional Multiple Listing Service (CRMLS)

APN: 050-092-12