NOT LISTED FOR SALE

Estimated Value: $4,512,000 - $10,369,951

5 Beds
5 Baths
3,000 Sq Ft
$2,845/Sq Ft Est. Value

Last Sold July 13, 2022

Last sale price $6,900,000 $2,300 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $50,795/month

10 Days on Market

Highlights

  • Private Dock Site
  • Attached Guest House
  • Boat Slip
  • Newport Elementary School Rated A
  • Property Fronts a Bay or Harbor
  • Fishing

About This Home

As of July 2022

Large Corner Lot, Bayfront Duplex- with a large vessel, deep water dock. This is a fantastic property with an incredible bayfront view corridor looking from the main turning basin, across to Linda Isle, Harbor Island and the Balboa Island ferry. The main house is a 3 bedroom, 2 bathroom home with rooftop deck. The main house has a ground floor bedroom and full bathroom. The views are exceptional from all levels. The rear apartment is a 2 bedroom and 2 bathroom home on the second and third level with exceptional bay views from both levels. The dock has been completely renovated with new pontoons, and re-glazed pilons and can accommodate up to a 50 foot vessel as well as multiple smaller vessels such as Duffys or skiffs. The property also offers a semi-private beach as well, with an additional "beach rack" to store paddle boards etc. 5 Car Parking; There is a 2 car garage as well as a 3rd space carport. You can also “block” the garage and carport with 2 additional cars, adding up to 5 car parking when needed. On the corner of Edgewater and Alvarado just south of iconic Bay Island, this property is in the absolute best mid-peninsula location 500 yards north of the Balboa Ferry and Fun Zone, and a very short distance to the Newport Harbor Yacht Club. Take the ferry to Balboa Island or stroll across to the beach and Balboa Pier. Dock could be configured to accommodate over a 60 foot vessel. Showings begin Monday, June 27th.

Last Agent to Sell the Property

Chris Moreno

Surterre Properties Inc. License #01503663 Listed on: 06/24/2022

Surterre Properties Inc.

Co-Listed By

Cassie Hammond

Surterre Properties Inc. License #01264839

Last Buyer's Agent

Don Abrams

Abrams Coastal Properties License #01234323

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • 2,800 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Property fronts an alley
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Carport
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Garage Door Opener

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 3,000 Sq Ft Home
  • Crown Molding
  • Awning
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Harbor Views

Kitchen

  • Open to Family Room
  • Gas Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Boat Slip
  • Private Dock Site
  • Patio
  • Exterior Lighting

Additional Homes

  • Attached Guest House

Schools

  • Newport Elementary School
  • Ensign Middle School

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 511
  • Assessor Parcel Number 04810202

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04810202
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3000.00 Square Feet
  • Interior Amenities: Crown Molding
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Great Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2300.00
  • Room Type: All Bedrooms Up, Family Room, Great Room, Laundry, Living Room
  • Room Kitchen Features: Kitchen Open To Family Room, Tile Counters

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House Attached
  • Exterior Features: Awning(s), Boat Slip, Dock Private, Lighting
  • View: Harbor, Water
  • Patio And Porch Features: Patio
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage Faces Rear, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop
  • Laundry Features: Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Watersports, Sidewalks, Street Lights

Schools

  • Elementary School: Newport
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Level with Street
  • Lot Size Sq Ft: 2800.00
  • Lot Size Acres: 0.0643

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2800.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Bay Front

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 511

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2024
Sold by
Tidwell Family Trust and Tidwell William Lyndsey
Bought by
Henry And Laura Arjad Revocable Family Trust and Arjad
Current Estimated Value
$8,533,738

Purchase Details

Listed on
Jun 24, 2022
Closed on
Jul 7, 2022
Sold by
Burlingham Revocable Family Trust
Bought by
Tidwell Family Trust
Seller's Agent
Chris Moreno
Surterre Properties Inc.
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$6,500,000
Sold Price
$6,900,000
Premium/Discount to List
$400,000
6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%

Purchase Details

Closed on
Mar 29, 2022
Sold by
Taylor Burlingham Paul and Taylor Carol A
Bought by
Burlingham Revocable Family Trust

Purchase Details

Listed on
Jun 20, 2017
Closed on
Dec 5, 2017
Sold by
Giumarra John G and Giumarra Pamela P
Bought by
Burlingham Paul Taylor and Burlingham Carol Ann
Seller's Agent
Bruce Miller
Compass
Buyer's Agent
Cassie Hammond
Surterre Properties Inc.
List Price
$4,495,000
Sold Price
$4,000,000
Premium/Discount to List
-$495,000
-11.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%
Original Mortgage
$3,000,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2014
Closed on
Jun 6, 2014
Sold by
Giumarra Pamela and Giumarra John
Bought by
John & Pamela Giumarra Revocable Trust
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Bruce Miller
Compass
List Price
$3,499,000
Sold Price
$3,400,000
Premium/Discount to List
-$99,000
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.42%
Original Mortgage
$1,480,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 10, 2014
Closed on
Apr 14, 2014
Sold by
Newport Bay Llc
Bought by
Giumarra Pamela and Giumarra John
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Bruce Miller
Compass
List Price
$3,499,000
Sold Price
$3,400,000
Premium/Discount to List
-$99,000
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,480,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 11, 2006
Sold by
Greece Llc
Bought by
Newport Bay Llc

Purchase Details

Closed on
Nov 15, 2005
Sold by
Rosenberg Steven
Bought by
Greece Llc

Purchase Details

Closed on
Mar 21, 2005
Sold by
Rath J Edwin and Rath Joan T
Bought by
Rosenberg Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,975,000
Interest Rate
5.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 1998
Sold by
Edwin Rath J and Edwin Joan T
Bought by
Ruth J Edwin and Ruth Joan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 1995
Sold by
Rath J Edwin and Rath Joan T
Bought by
Rath J Edwin and Rath Joan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Henry And Laura Arjad Revocable Family Trust $10,500,000 Chicago Title
Tidwell Family Trust $6,900,000 Lawyers Title
Burlingham Revocable Family Trust -- Zubrin Douglas B
Burlingham Paul Taylor $4,000,000 California Title Co
John & Pamela Giumarra Revocable Trust -- Ticor Title Company
Giumarra Pamela $3,400,000 Nextitle
Newport Bay Llc -- None Available
Greece Llc -- Equity Title Company
Rosenberg Steven $4,250,000 Multiple
Ruth J Edwin -- --
Rath J Edwin -- Guardian Title Company
Rath J Edwin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burlingham Paul Taylor $3,000,000
Previous Owner John & Pamela Giumarra Revocable Trust $1,480,000
Previous Owner Rosenberg Steven $2,975,000
Previous Owner Rath J Edwin $227,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/13/2022 07/13/22 Sold $6,900,000 +6.2% $2,300 / Sq Ft
07/04/2022 07/04/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $6,500,000 +62.5% $2,167 / Sq Ft
01/17/2018 01/17/18 Sold $4,000,000 -11.0% $1,333 / Sq Ft View Prior Sale
12/03/2017 12/03/17 Pending -- -- --
06/20/2017 06/20/17 For Sale $4,495,000 +32.2% $1,498 / Sq Ft
04/17/2014 04/17/14 Sold $3,400,000 -2.8% $1,133 / Sq Ft View Prior Sale
02/21/2014 02/21/14 Pending -- -- --
01/29/2014 01/29/14 For Sale $3,499,000 -- $1,166 / 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
2025 $74,596 $10,710,000 $10,208,084 $501,916
2024 $74,596 $7,038,000 $6,324,000 $714,000
2023 $72,856 $6,900,000 $6,200,000 $700,000
2022 $46,397 $4,288,808 $3,861,399 $427,409
2021 $45,763 $4,204,714 $3,785,685 $419,029
2020 $45,330 $4,161,600 $3,746,867 $414,733
2019 $44,443 $4,080,000 $3,673,399 $406,601
2018 $40,238 $3,663,057 $3,249,558 $413,499
2017 $39,539 $3,591,233 $3,185,841 $405,392
2016 $38,668 $3,520,817 $3,123,373 $397,444
2015 $38,348 $3,467,932 $3,076,457 $391,475
2014 $47,475 $4,354,680 $3,936,621 $418,059
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22137994

California Regional Multiple Listing Service (CRMLS)

APN: 048-102-02