NOT LISTED FOR SALE

Estimated Value: $5,095,192 - $6,357,000

3 Beds
3.5 Baths
2,278 Sq Ft
$2,505/Sq Ft Est. Value

Last Sold March 01, 2017

Last sale price $3,125,000 $1,372 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $34,543/month

76 Days on Market

Highlights

  • Rooftop Deck
  • Primary Bedroom Suite
  • Cape Cod Architecture
  • Abraham Lincoln Elementary School Rated A
  • Panoramic View
  • 2-minute walk to Balboa Island Park

About This Home

As of March 2017

Stunning custom masterpiece ideally located on the desirable "Quiet End" of Balboa Island. This beautiful Cape Cod inspired design seamlessly blends Newport Beach living with the classic architecture and style of Nantucket and Martha's Vineyard. The unique and creative floorplan offers all the best of the Island indoor/outdoor lifestyle beginning with a large elevated front patio that leads into the the expansive great room with gorgeous wood floors and fine woodwork detail as well as a private interior courtyard accessed by sliding folding doors. The gourmet kitchen offers a large island, Viking appliances, marble countertops, abundant cabinet space and more. The second floor includes a luxurious master bedroom with balcony, bath with Carrerra marble floors, countertops, tub, shower, and walk-in closet. The balance of the second floor includes two guest rooms, two baths, and an office or den. Stroll up to the third floor loft area with bar and refrigerator or relax on the large roof deck with stunning Fashion Island and mountain views. Rarely does a home with such style and grace hit the Island market - especially when priced to sell!

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 11/15/2016

Last Buyer's Agent

Scott Barr

Pacific Sotheby's Int'l Realty License #01511612

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,587

Year Built

  • Built in 2012

Lot Details

  • 2,550 Sq Ft Lot
  • Landscaped
  • Property is zoned R 1.5

Parking

  • 2 Car Attached Garage
  • Parking Available

Property Views

  • Panoramic
  • City Lights
  • Neighborhood

Home Design

  • Cape Cod Architecture
  • Patio Home
  • Turnkey
  • Composition Roof

Interior Spaces

  • 2,278 Sq Ft Home
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Den
  • Laundry Room

Kitchen

  • Open to Family Room
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Rooftop Deck
  • Patio
  • Exterior Lighting
  • Wrap Around Porch

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 99
  • Assessor Parcel Number 05003222

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,587

Year Built

Built in 2012

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Zoning: R 1.5
  • Architectural Style: Cape Cod
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05003222
  • Year Built: 2012
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2278.00 Square Feet
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: 2+ Access Exits
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1371.82
  • Room Type: All Bedrooms Up, Den, Great Room, Kitchen, Laundry, Master Suite, Walk-In Closet
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: City Lights, Neighborhood, Panoramic
  • Patio And Porch Features: Deck, Front Porch, Roof Top, Wrap Around
  • Pool Private: No
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Patio Home
  • 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 In Community: 1450

Tax Info

  • Tax Census Tract: 630.06
  • Tax Lot: 18
  • Tax Tract Number: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2016
Closed on
Feb 3, 2017
Sold by
Buster Steven K and Buster Blair
Bought by
Starr Robert J
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Scott Barr
Pacific Sotheby's Int'l Realty
List Price
$3,195,000
Sold Price
$3,125,000
Premium/Discount to List
-$70,000
-2.19%
Current Estimated Value
$5,706,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,581,548
Avg. Annual Appreciation
7.38%
Original Mortgage
$2,343,750
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 1, 2012
Closed on
Apr 10, 2013
Sold by
Newport Pearl Llc
Bought by
Buster Steven K and Buster Blair
Seller's Agent
Christopher Calacci
Waterpointe Custom Home Builde
Buyer's Agent
William Shattuck
Pacific Landmark Inc
List Price
$2,549,000
Sold Price
$2,549,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$1,784,300
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2012
Sold by
Stubblefield Lynda Lamberti
Bought by
Newport Pearl Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
3.84%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 1, 2011
Sold by
Flaherty Peter A and Flaherty Pamela Potter
Bought by
Stubblefield Lynda Lamberti
Source: Public Records

Range of Values:

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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
Starr Robert J $3,125,000 Chicago Title Company
Buster Steven K $2,549,000 First American Title Company
Newport Pearl Llc -- Accommodation
Stubblefield Lynda Lamberti $1,180,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Starr Robert J $2,162,300
Closed Starr Robert J $2,343,750
Previous Owner Buster Steven K $1,784,300
Previous Owner Stubblefield Lynda Lamberti $680,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2017 03/01/17 Sold $3,125,000 -2.2% $1,372 / Sq Ft
01/30/2017 01/30/17 Pending -- -- --
11/15/2016 11/15/16 For Sale $3,195,000 +25.3% $1,403 / Sq Ft
05/24/2013 05/24/13 Sold $2,549,000 0.0% $1,119 / Sq Ft
03/22/2013 03/22/13 Pending -- -- --
05/01/2012 05/01/12 For Sale $2,549,000 -- $1,119 / 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 $39,587 $3,626,828 $2,968,140 $658,688
2024 $39,587 $3,555,714 $2,909,941 $645,773
2023 $38,695 $3,485,995 $2,852,884 $633,111
2022 $38,072 $3,417,643 $2,796,945 $620,698
2021 $37,374 $3,350,631 $2,742,103 $608,528
2020 $35,276 $3,316,275 $2,713,986 $602,289
2019 $34,541 $3,251,250 $2,660,770 $590,480
2018 $33,852 $3,187,500 $2,608,598 $578,902
2017 $28,752 $2,704,591 $2,123,051 $581,540
2016 $28,103 $2,651,560 $2,081,422 $570,138
2015 $27,839 $2,611,732 $2,050,158 $561,574
2014 $27,181 $2,560,572 $2,009,998 $550,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16744588

California Regional Multiple Listing Service (CRMLS)

APN: 050-032-22