NOT LISTED FOR SALE

Estimated Value: $2,337,000 - $3,226,000

2 Beds
2 Baths
965 Sq Ft
$2,848/Sq Ft Est. Value

Last Sold May 13, 2013

Last sale price $1,100,000 $1,140 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $16,049/month

26 Days on Market

Highlights

  • Ocean Side of Freeway
  • Main Floor Primary Bedroom
  • Cottage
  • Newport Elementary School Rated A
  • No HOA
  • Converted Garage

About This Home

As of May 2013

Extensively remodeled, outstanding and architecturally significant, 1920's Balboa Beach Cottage. This exceptionally well located beach house includes two bedrooms and two baths, living/dining room, spacious kitchen, inside laundry including high end Maytag washer and dryer, tankless water heater, off street parking space, expansive front porch and garden. Kitchens and baths feature new stone and tile surfaces, new hardware, Bosch stainless steel refrigerator and dishwasher & six burner stainless steel Viking stove. Gorgeous wood and stone flooring throughout. Superbly located between the Newport Harbor and the Pacific Ocean, this charming home is just moments to the market, restaurants and the Newport Harbor Yacht Club. Enjoy ocean breezes and view to beach and ocean from the covered porch and beautiful garden. This new home inside an historic shell is perfect for beach style entertaining!

Last Agent to Sell the Property

John Hoover

Surterre Properties Inc. License #00866978 Listed on: 04/02/2013

Surterre Properties Inc.

Last Buyer's Agent

Mary Campbell

Douglas Elliman Of California License #01706600

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,293

Year Built

  • Built in 1924

Lot Details

  • 2,100 Sq Ft Lot
  • Property fronts an alley
  • Wood Fence

Home Design

  • 965 Sq Ft Home
  • Cottage

Kitchen

  • Breakfast Bar

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Mirrored Closets Doors

Parking

  • Converted Garage
  • On-Street Parking

Outdoor Features

  • Ocean Side of Freeway
  • Rain Gutters

Utilities

  • Sewer Paid
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 219
  • Assessor Parcel Number 04802215

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,293

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: No
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04802215
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 965.00
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Mirror Closet Door(s)
  • Eating Area: Breakfast Counter / Bar
  • Levels: One
  • Price Per Square Foot: 1139.90
  • Room Type: Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Parking Features: Converted Garage, Street

Utilities

  • Utilities: Cable Available, Sewer Connected
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Size Sq Ft: 2100.00
  • Lot Size Acres: 0.0480

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2100.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 219

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2013
Closed on
Apr 22, 2013
Sold by
Curtis James H and Curtis Sonia H
Bought by
Richards Scott T and Richards Jill K
Seller's Agent
John Hoover
Surterre Properties Inc.
Buyer's Agent
Mary Campbell
Douglas Elliman Of California
List Price
$1,095,000
Sold Price
$1,100,000
Premium/Discount to List
$5,000
0.46%
Current Estimated Value
$2,748,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,648,049
Avg. Annual Appreciation
7.51%
Original Mortgage
$880,000
Outstanding Balance
$634,698
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$2,053,676

Purchase Details

Closed on
Mar 10, 2005
Sold by
Trombley Ellen M
Bought by
Curtis James H and Curtis Sonia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2003
Sold by
Trombley Ellen M
Bought by
Trombley Ellen M and Trombley Family Living Trust
Source: Public Records

Range of Values:

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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
Richards Scott T $1,100,000 California Title Company
Curtis James H $1,000,000 Equity Title Company
Trombley Ellen M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richards Scott T $880,000
Closed Richards Scott T $880,000
Previous Owner Curtis James H $280,000
Previous Owner Curtis James H $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2013 05/13/13 Sold $1,100,000 +0.5% $1,140 / Sq Ft
04/15/2013 04/15/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $1,095,000 -0.5% $1,135 / Sq Ft
03/20/2013 03/20/13 Off Market $1,100,000 -- --
03/20/2013 03/20/13 For Sale $1,095,000 -- $1,135 / 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 $14,293 $1,354,565 $1,325,143 $29,422
2024 $14,293 $1,328,005 $1,299,159 $28,846
2023 $13,955 $1,301,966 $1,273,685 $28,281
2022 $13,720 $1,276,438 $1,248,711 $27,727
2021 $13,457 $1,251,410 $1,224,226 $27,184
2020 $13,327 $1,238,579 $1,211,673 $26,906
2019 $13,053 $1,214,294 $1,187,915 $26,379
2018 $12,793 $1,190,485 $1,164,623 $25,862
2017 $12,566 $1,167,143 $1,141,788 $25,355
2016 $12,283 $1,144,258 $1,119,400 $24,858
2015 $12,166 $1,127,071 $1,102,586 $24,485
2014 $11,878 $1,104,994 $1,080,988 $24,006
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13048193

California Regional Multiple Listing Service (CRMLS)

APN: 048-022-15