NOT LISTED FOR SALE

2061 E Ocean Blvd Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $6,748,204 - $7,151,000

5 Beds
5 Baths
3,526 Sq Ft
$1,949/Sq Ft Est. Value

Last Sold August 10, 2015

Last sale price $3,617,500 $1,026 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $40,187/month

40 Days on Market

Highlights

  • White Water Ocean Views
  • Contemporary Architecture
  • Wood Flooring
  • Newport Elementary School Rated A
  • Cathedral Ceiling
  • 3-minute walk to West Jetty View Park

About This Home

As of August 2015

Enjoy stunning beach views from this Peninsula Point home ideally situated on a rare, oversized 44' wide, premium corner lot just one home from the oceanfront. Designed with impeccable attention to detail, this recently rebuilt and completely remodeled 3900sf home, with a captivating blend of sophistication, charm and modern amenities affords the opportunity for exceptional waterside living. With a flowing, open floor plan, and boasting five bedrooms and baths, including a large master suite and four generously-sized guest suites, the immaculately refurbished residence is perfect for entertaining or simply enjoying the solitude that this nostalgic seaside community has to offer. Setting the stage for stylish living and designed for everyday chefs and gourmet cooks alike, the home is centered around a kitchen that is equipped with beautiful Brazilian Blue Bahia granite countertops, custom cabinetry, premium appliances and informal bar sitting. The two-level residence offers volume ceilings, sunlit infused rooms that welcome the ocean breeze, well-proportioned living areas, multiple patios, formal dining room, office, a two car garage plus many other modern appointments in which to enjoy the mesmerizing ocean views and breezes.

Last Agent to Sell the Property

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048 Listed on: 05/11/2015

Pacific Sotheby's Int'l Realty

Co-Listed By

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754

Last Buyer's Agent

Dean Lueck

Compass License #01752859

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,684

Year Built

  • Built in 1994

Lot Details

  • 3,049

Parking

  • 2 Car Attached Garage

Property Views

  • White Water Ocean
  • City Lights

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,526 Sq Ft Home
  • Cathedral Ceiling
  • Family Room with Fireplace
  • Living Room Balcony
  • Dining Room
  • Home Office

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 5 Full Bathrooms

Utilities

  • Central Heating
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • 3,049 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 518
  • Tax Tract Number 16
  • Assessor Parcel Number 04826215

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,684

Year Built

Built in 1994

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Maintained
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04826215
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3526.00
  • Interior Amenities: Cathedral Ceiling(s), Granite Counters, Living Room Balcony
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Total Bedrooms: 5
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 1025.95
  • Room Type: Family Room, Master Bedroom, Main Floor Bedroom, Walk-In Closet, Separate Family Room, Office

Exterior Features

  • View: City Lights, Ocean, White Water
  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Appliances: Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Size Sq Ft: 3049.00
  • Price Per Lot Square Foot: 1186.45
  • Lot Size Acres: 0.0700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3049.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 518
  • Tax Tract Number: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2015
Closed on
Jul 10, 2015
Sold by
Pepper Properties Llc
Bought by
Jackson Revocable Trust
Seller's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
Buyer's Agent
Dean Lueck
Compass
List Price
$3,795,000
Sold Price
$3,617,500
Premium/Discount to List
-$177,500
-4.68%
Current Estimated Value
$6,873,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,255,551
Avg. Annual Appreciation
6.54%
Original Mortgage
$2,500,000
Outstanding Balance
$1,876,071
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,996,980

Purchase Details

Listed on
May 16, 2014
Closed on
Jun 9, 2014
Sold by
Connolly Leonard and Connolly Maria Chin
Bought by
Pepper Properties Llc
Seller's Agent
Kristyn Tupper
HomeSmart, Evergreen Realty
Buyer's Agent
Kristyn Tupper
HomeSmart, Evergreen Realty
Sold Price
$9,995

Purchase Details

Listed on
May 16, 2014
Closed on
Apr 17, 2014
Sold by
Connolly Leonard and Connolly Maria Chin
Bought by
Pepper Properties Llc
Seller's Agent
Kristyn Tupper
HomeSmart, Evergreen Realty
Buyer's Agent
Kristyn Tupper
HomeSmart, Evergreen Realty
Sold Price
$9,995

Purchase Details

Closed on
Dec 23, 2008
Sold by
Connolly Leonard J and Connolly Maria Chin
Bought by
Connolly Leonard and Connolly Maria Chin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2002
Sold by
Connolly Leonard J and Connolly Maria Chin
Bought by
Connolly Leonard J and Connolly Maria Chin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
6.43%

Purchase Details

Closed on
Dec 28, 1995
Sold by
Connolly Leonard J and Connolly Maria Chin
Bought by
Connolly Leonard J and Connolly Maria Chin
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jackson Revocable Trust $3,617,500 First American Title
Pepper Properties Llc -- None Available
Pepper Properties Llc -- None Available
Connolly Leonard -- Chicago Title
Connolly Leonard J -- Chicago Title
Connolly Leonard J -- California Counties Title Co
Connolly Leonard J -- California Counties Title Co
Connolly Leonard J -- --
Connolly Leonard J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Revocable Trust $2,500,000
Previous Owner Connolly Leonard $750,000
Previous Owner Connolly Leonard $550,000
Previous Owner Connolly Leonard $550,000
Previous Owner Connolly Leonard $240,000
Previous Owner Connolly Leonard J $417,000
Previous Owner Connolly Leonard J $392,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2015 08/10/15 Sold $3,617,500 -4.7% $1,026 / Sq Ft
06/20/2015 06/20/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $3,795,000 0.0% $1,076 / Sq Ft
05/16/2014 05/16/14 Rented $9,995 +0.5% --
05/16/2014 05/16/14 For Rent $9,950 +17.1% --
04/14/2014 04/14/14 Rented $8,500 -15.0% --
04/14/2014 04/14/14 For Rent $9,995 -- --
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 $46,684 $4,487,377 $3,745,695 $741,682
2024 $46,684 $4,399,390 $3,672,250 $727,140
2023 $45,595 $4,313,128 $3,600,245 $712,883
2022 $44,843 $4,228,557 $3,529,652 $698,905
2021 $43,982 $4,145,645 $3,460,444 $685,201
2020 $43,560 $4,103,137 $3,424,961 $678,176
2019 $42,652 $4,022,684 $3,357,805 $664,879
2018 $41,799 $3,943,808 $3,291,965 $651,843
2017 $36,604 $3,443,344 $3,227,417 $215,927
2016 $38,315 $3,617,500 $3,164,135 $453,365
2015 $10,094 $923,834 $478,379 $445,455
2014 $9,783 $905,738 $469,008 $436,730
Source: Public Records

Agents Affiliated with this Home

  • Jon Flagg

    Seller's Agent in 2015

    Jon Flagg

    Pacific Sotheby's Int'l Realty

    (949) 554-1200

    1 in this area

    139 Total Sales

    Jon Flagg
    Section Image
  • Kim Bibb

    Seller Co-Listing Agent in 2015

    Kim Bibb

    Pacific Sotheby's Int'l Realty

    (714) 396-0185

    53 in this area

    124 Total Sales

    Kim Bibb
    Section Image
  • Dean Lueck

    Buyer's Agent in 2015

    Dean Lueck

    Compass

    (949) 275-1801

    1 in this area

    140 Total Sales

    Dean Lueck
    Section Image

  • K

    Seller's Agent in 2014

    Kristyn Tupper

    HomeSmart, Evergreen Realty

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15100730

California Regional Multiple Listing Service (CRMLS)

APN: 048-262-15

California Orange County Newport Beach 92661 Balboa Peninsula Point

2061 E Ocean Blvd, Newport Beach, CA

This home is located at 2061 E Ocean Blvd, Newport Beach, CA 92661 since 11 May 2015 and is currently estimated at $6,873,051, approximately $1,949 per square foot. This property was built in 1994. 2061 E Ocean Blvd is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes