NOT LISTED FOR SALE

Estimated Value: $3,229,638 - $3,902,000

3 Beds
3 Baths
1,503 Sq Ft
$2,337/Sq Ft Est. Value

Last Sold February 24, 2021

Last sale price $2,250,000 $1,497 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $19,941/month

87 Days on Market

Highlights

  • Primary Bedroom Suite
  • Craftsman Architecture
  • High Ceiling
  • Abraham Lincoln Elementary School Rated A
  • Wood Flooring
  • Great Room

About This Home

As of February 2021

Great Price Reduction! Located on "Little Balboa Island" This home is a classic Balboa Island home with a very unique feature of an extra large front patio. Great for entertaining and very nice for those family gatherings complete with a mature producing Avocado tree! The two story 3 bedroom 3 bath property is surrounded by the iconic beach community of Newport Beach on the pacific coast of California. It has a generous master bedroom facing those eastern sunrises with a private balcony and an en suite 3/4 bathroom. Two guest bedrooms share a full bath to complete the upstairs. Downstairs there is a wonderful large living/great room with beautiful wood shelving surrounding a large fireplace and a window seat looking onto the large front patio area. Just the place to curl up and read that good book! Dinning is conveniently located in front of the kitchen with a built-in open china display and service area off to the side. The kitchen has a door to the outside to make it convenient to load and unload your groceries. There is a one car garage was converted long ago into a great laundry room with generous area to multipurpose it for a children's play or these days school area. Located off the converted garage is a 3/4 bath that is currently not being used... This property has a rear setback big enough to have a separate storage unit (currently in place) made part of the listing and is big enough to park a mid to large size car as well.

Last Agent to Sell the Property

Marlys Vasterling

Lora Vance, Realtor License #00889533 Listed on: 11/11/2020

Last Buyer's Agent

Corey Gulbranson

Shorecrest Real Estate, Inc License #01778954

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,620

Year Built

  • Built in 1934

Lot Details

  • 2,550 Sq Ft Lot
  • Rectangular Lot
  • Level Lot
  • Front Yard
  • Property is zoned R1.5

Parking

  • 1 Open Parking Space
  • 1 Car Garage

Home Design

  • Craftsman Architecture
  • Asphalt Roof

Interior Spaces

  • 1,503 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Wood Burning Fireplace
  • Bay Window
  • Great Room
  • Living Room with Fireplace
  • L-Shaped Dining Room

Kitchen

  • Country Kitchen
  • Gas and Electric Range
  • Range Hood
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Balcony
  • Brick Porch or Patio
  • Exterior Lighting

Schools

  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Central Heating
  • Underground Utilities
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 25 / 6
  • Tax Tract Number 103
  • Assessor Parcel Number 05019217

Community Details

Overview

  • No Home Owners Association
  • Balboa Island Little Island Subdivision

Recreation

  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,620

Year Built

Built in 1934

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Little Island (BALL)
  • View: No
  • Zoning: R1.5
  • Architectural Style: Craftsman
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05019217
  • Year Built: 1934
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1503.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, High Ceilings, Stone Counters
  • Stories: 2
  • Entry Location: ground
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Dining Ell, Country Kitchen
  • Fireplace Features: Living Room, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1497.01
  • Room Type: All Bedrooms Up, Great Room, Kitchen, Master Suite
  • Window Features: Bay Window(s)
  • Bathroom Features: Shower, Shower In Tub

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Brick, Patio Open
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas & Electric Range, Ice Maker, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Watersports, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Rectangular Lot, Walkstreet
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0585

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 630.06
  • Tax Lot: 25
  • Tax Tract Number: 103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2023
Sold by
Kerstner Martha Koll
Bought by
Kerstner Qprt
Total Days on Market
87
Current Estimated Value
$3,512,160

Purchase Details

Closed on
Sep 28, 2022
Sold by
Douglas And Martha Kerstner Living Trust
Bought by
Douglas And Martha Kerstner Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$970,000
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 11, 2020
Closed on
Feb 11, 2021
Sold by
Rydman Jack B and Rydman Ruth M
Bought by
Kerstner Douglas R and Kerstner Martha Koll
Seller's Agent
Marlys Vasterling
Lora Vance, Realtor
Buyer's Agent
Corey Gulbranson
Shorecrest Real Estate, Inc
List Price
$2,530,000
Sold Price
$2,250,000
Premium/Discount to List
-$280,000
-11.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.28%

Purchase Details

Closed on
Jan 15, 2016
Sold by
Rydman Jack B and Rydman Ruth M
Bought by
1986 Rydman Living Trust

Purchase Details

Closed on
Apr 5, 1994
Sold by
Rydman Jack B and Rydman Ruth M
Bought by
Rydman Jack B and Rydman Ruth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.37%
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
Kerstner Qprt -- None Listed On Document
Kerstner Qprt I -- None Listed On Document
Kerstner Douglas R -- None Listed On Document
Kerstner Douglas R -- None Listed On Document
Douglas And Martha Kerstner Living Trust -- Lawyers Title
Kerstner Douglas R $2,250,000 Chicago Title Company
1986 Rydman Living Trust -- None Available
Rydman Jack B -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Douglas And Martha Kerstner Living Trust $970,000
Previous Owner Rydman Jack B $241,000
Previous Owner Rydman Jack B $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2021 02/24/21 Sold $2,250,000 -4.3% $1,497 / Sq Ft
02/06/2021 02/06/21 Pending -- -- --
02/03/2021 02/03/21 Price Changed $2,350,000 -7.1% $1,564 / Sq Ft
11/11/2020 11/11/20 For Sale $2,530,000 -- $1,683 / 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 $15,620 $1,454,151 $735,261 $718,890
2023 $10,206 $944,299 $720,845 $223,454
2022 $10,032 $2,295,000 $2,241,877 $53,123
2021 $9,852 $901,733 $846,684 $55,049
2020 $9,757 $892,487 $838,002 $54,485
2019 $9,559 $874,988 $821,571 $53,417
2018 $9,370 $857,832 $805,462 $52,370
2017 $9,206 $841,012 $789,668 $51,344
2016 $9,001 $824,522 $774,184 $50,338
2015 $8,915 $812,137 $762,555 $49,582
2014 $8,838 $796,229 $747,618 $48,611
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20237898

California Regional Multiple Listing Service (CRMLS)

APN: 050-192-17