$1,875,000
SOLD MAY 23, 2018
2 Beds
2 Baths
1,280 Sq Ft
2,550 Sq Ft Lot

Recently Sold

$1,465 Per Sq Ft

4% Below List Price

11 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • No HOA
  • Laundry Room
  • Abraham Lincoln Elementary School Rated A
  • 1 Car Attached Garage
  • Wood Fence

About This Home

As of May 2021

A pride of ownership classic 50's beach cottage located in the heart of Balboa Island. A casual walk from your home to all of the dining and shopping opportunities that the island has to offer. This bright and easy sunny side charmer features a modern open floor plan that pivots your lifestyle experience around the living room in the center of your home. The home features a front and interior patio so you can relax, shop, and dine with practically all of balboa island as your backyard. Take advantage of a gorgeous stroll along the boardwalk for a timeless ferry ride across the bay. Versatile property centrally located gives you the choice of building, renting, or loving the home for the classic it is.

Last Agent to Sell the Property

Gay Proud

Arbor Real Estate License #00930694 Listed on: 04/02/2018

Arbor Real Estate

Co-Listed By

Lucas Kinney

Balboa Island Estates License #01946207

Last Buyer's Agent

Rajesh Mulchandani

FIRST CAPITAL TRUST DEEDS License #01985986

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,475

Year Built

  • Built in 1952

Lot Details

  • 2,550 Sq Ft Lot
  • Wood Fence
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Attached Garage

Home Design

  • Shake Roof

Interior Spaces

  • 1,280 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 102
  • Assessor Parcel Number 05016211

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,475

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05016211
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1280.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room, Wood Burning
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1464.84
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street
  • Lot Size Sq Ft: 2550.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Apr 16, 2021
Sold by
31345 Pch Llc
Bought by
Kurtzman Melissa B and Kurtzman Arthur D
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$3,795,000
Sold Price
$3,800,000
Premium/Discount to List
$5,000
0.13%
Total Days on Market
11
Current Estimated Value
$5,238,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,438,051
Avg. Annual Appreciation
8.31%
Original Mortgage
$2,850,000
Outstanding Balance
$2,600,910
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$2,637,141

Purchase Details

Listed on
Apr 2, 2018
Closed on
Apr 16, 2018
Sold by
Fishburn Matthew
Bought by
31345 Pch Llc
Seller's Agent
Gay Proud
Arbor Real Estate
Buyer's Agent
Rajesh Mulchandani
FIRST CAPITAL TRUST DEEDS
List Price
$1,950,000
Sold Price
$1,875,000
Premium/Discount to List
-$75,000
-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
26.45%
Original Mortgage
$2,200,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2018
Sold by
Fishburn Matthew
Bought by
Fishburn Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Interest Rate
4.4%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Grant Deed $3,800,000 Lawyers Title Company
Grant Deed $1,875,000 Equity Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,850,000 New Conventional
Previous Owner $2,675,000 Commercial
Previous Owner $311,000 Commercial
Previous Owner $2,200,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2022 05/17/22 Rented $27,500 +10.0% --
05/05/2022 05/05/22 For Rent $25,000 0.0% --
05/27/2021 05/27/21 Sold $3,800,000 +0.1% $1,573 / Sq Ft
04/09/2021 04/09/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $3,795,000 +102.4% $1,571 / Sq Ft
05/23/2018 05/23/18 Sold $1,875,000 -3.8% $1,465 / Sq Ft
04/03/2018 04/03/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $1,950,000 -- $1,523 / 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 $45,475 $4,032,590 $3,021,051 $1,011,539
2023 $44,382 $3,953,520 $2,961,815 $991,705
2022 $41,135 $3,876,000 $2,903,740 $972,260
2021 $29,161 $2,737,037 $1,906,919 $830,118
2020 $27,029 $2,533,013 $1,887,366 $645,647
2019 $19,813 $1,850,359 $1,850,359 $0
2018 $21,005 $1,965,000 $1,908,637 $56,363
2017 $9,197 $840,171 $766,165 $74,006
2016 $8,992 $823,698 $751,143 $72,555
2015 $8,906 $811,326 $739,860 $71,466
2014 $8,697 $795,434 $725,367 $70,067
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18073905

California Regional Multiple Listing Service (CRMLS)

APN: 050-162-11