2061 E Ocean Blvd Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $6,450,000 - $7,149,000
5
Beds
5
Baths
3,526
Sq Ft
$1,919/Sq Ft
Est. Value
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 2015Enjoy 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
Pacific Sotheby's Int'l Realty License #01316048 Listed on: 05/11/2015
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
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%
Total Days on Market
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,148,197
Avg. Annual Appreciation
6.58%
Original Mortgage
$2,500,000
Outstanding Balance
$1,876,071
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,889,626
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
Similar Homes in the area
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
Average Home Value in this Area
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
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 | $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) 698-1910
1 in this area
134 Total Sales
-
Kim Bibb
Seller Co-Listing Agent in 2015
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
52 in this area
123 Total Sales
-
Dean Lueck
Buyer's Agent in 2015
Dean Lueck
Compass
(949) 275-1801
1 in this area
145 Total Sales
-
K
Seller's Agent in 2014
Kristyn Tupper
HomeSmart, Evergreen Realty
(714) 313-3492
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP15100730
APN: 048-262-15
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