NOT LISTED FOR SALE

Estimated Value: $1,956,000 - $2,586,000

3 Beds
2 Baths
1,180 Sq Ft
3,006 Sq Ft Lot

Last Sold May 01, 2012

Last sale price $750,000 $636 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $13,886/month

250 Days on Market

Highlights

  • Newly Remodeled
  • All Bedrooms Downstairs
  • Peek-A-Boo Views
  • Newport Elementary School Rated A
  • Ocean Side of Freeway
  • 5-minute walk to Balboa Peninsula Park

About This Home

As of May 2012

This beautiful three bedroom, two bathroom condo is located on the Balboa Peninsula in Newport Beach. It is in a desirable mid-peninsula location with close proximity to dining and shopping. This condo has recently been condo converted from a duplex. This beautiful has been completely remodeled and features granite counters in kitchen with stainless appliances, and travertine flooring.

Last Agent to Sell the Property

Sharon Paxson

Coldwell Banker Realty License #01501912 Listed on: 07/27/2011

Coldwell Banker Realty

Last Buyer's Agent

Babette Ison

Betty Elkins-Rice License #00841869

Betty Elkins-Rice

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,024

Year Built

  • Built in 2010 | Newly Remodeled

Lot Details

  • 3,006

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Modern Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,180 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Recessed Lighting
  • Fireplace
  • Custom Window Coverings
  • Blinds
  • Peek-A-Boo Views
  • Home Security System
  • Laundry in Garage

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Ocean Side of Freeway
  • Slab Porch or Patio

Utilities

  • Forced Air Heating System
  • Sewer Paid
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 04811514

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,024

Year Built

Built in 2010 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-280-0681
  • Property Attached: Yes
  • Security: Security System
  • Subdivision Name Other: Balboa Peninsula (Residential)
  • View: Yes
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 04811514
  • Year Built: 2010
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1180.00
  • Interior Amenities: Crown Molding, Open Floorplan, Recessed Lighting
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar
  • Levels: One
  • Price Per Square Foot: 635.59
  • Room Type: All Bedrooms Down, Walk-In Closet
  • Window Features: Blinds, Custom Covering

Exterior Features

  • Patio: Yes
  • View: Peek-A-Boo
  • Fence: No
  • Patio And Porch Features: Concrete, Slab
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Garage Door Opener, Garage Faces Rear, Garage - Single Door, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Built-In, Dishwasher, Gas Cooking, Disposal, Microwave, Range
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage
  • Sewer: Sewer Paid

Condo/Co-op/Association

  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 3000.00
  • Lot Size Acres: 0.0690

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3000.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Waterfront Features: Ocean Side of Freeway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2023
Sold by
Talebi Tony
Bought by
Rastam Holdings Llc
Total Days on Market
250
Current Estimated Value
$2,220,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,068,000
Outstanding Balance
$1,026,594
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$1,194,396

Purchase Details

Closed on
Jan 3, 2023
Sold by
Rastam Holdings Llc
Bought by
Talebi Tony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,068,000
Outstanding Balance
$1,026,594
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$1,194,396

Purchase Details

Closed on
Jun 18, 2019
Sold by
Park Kh and Park Eunhee
Bought by
Rastam Holdings Llc

Purchase Details

Listed on
Jul 27, 2011
Closed on
Jan 19, 2012
Sold by
Genovese Peter and Genovese Kathleen
Bought by
Park Kh and Park Eunhee
Seller's Agent
Sharon Paxson
Coldwell Banker Realty
Buyer's Agent
Brenda Siragusa
Treasure Property Management
List Price
$1,150,000
Sold Price
$850,000
Premium/Discount to List
-$300,000
-26.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%
Original Mortgage
$552,500
Interest Rate
3.84%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Rastam Holdings Llc -- --
Talebi Tony -- --
Rastam Holdings Llc $1,280,000 Chicago Title Company
Park Kh $850,000 California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Talebi Tony $1,068,000
Previous Owner Rastam Holdings Llc $695,000
Previous Owner Park Kh $552,500
Previous Owner Dossey Marcia M $152,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2012 05/01/12 Sold $750,000 -5.7% $636 / Sq Ft
09/19/2011 09/19/11 Price Changed $795,000 -8.5% $674 / Sq Ft
07/27/2011 07/27/11 For Sale $869,000 -- $736 / 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 $17,024 $1,581,000 $1,387,895 $193,105
2023 $14,480 $1,345,507 $1,170,014 $175,493
2022 $14,238 $1,319,125 $1,147,073 $172,052
2021 $13,967 $1,293,260 $1,124,581 $168,679
2020 $13,832 $1,280,000 $1,113,050 $166,950
2019 $10,418 $957,085 $796,456 $160,629
2018 $10,570 $938,319 $780,839 $157,480
2017 $10,450 $919,921 $765,528 $154,393
2016 $10,219 $901,884 $750,518 $151,366
2015 $10,146 $888,337 $739,244 $149,093
2014 $9,901 $870,936 $724,763 $146,173
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11003255

California Regional Multiple Listing Service (CRMLS)

APN: 936-520-43