NOT LISTED FOR SALE

Estimated Value: $5,244,807

3 Beds
2.5 Baths
2,286 Sq Ft
$2,294/Sq Ft Est. Value

Sale Details

Date Sold: January 15, 2020

Last sale price $2,700,000 $1,181 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $31,696 / mo

77 Days on Market

Highlights

  • Bay View
  • No HOA
  • Family Room Off Kitchen
  • Wood Flooring
  • Open to Family Room
  • 2 Car Attached Garage

About This Home

As of January 2020

Welcome to one of the best-valued homes in one of the highest-valued locations available today on Balboa Island. Situated on one of the most desirable streets the Island has to offer, this custom home was built new in 2004 by Dennis Vitarelli, showcases an elevator to all three floors, provides an expansive roof deck, and much more. The home offers 3 bedrooms (third room is a large library or bonus room that could be converted into a bedroom, 3 baths, and a spacious loft on the third floor. 208 Emerald is ideally located on the Island’s quiet end, just a few doors from the Bayfront, and on a street with public dock access; making it one of the most intriguing and strong values available today. The open concept floorplan provides tall ceilings, great natural light, and fantastic detail: a great canvas for a buyer to come in and improve to their needs. This one won't last long!

Last Agent to Sell the Property

Ryan Gunderson

Arbor Real Estate License #01869795 Listed on: 09/16/2019

Arbor Real Estate

Last Buyer's Agent

Kristi Cousens

Compass License #01058921

Compass
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 2,550 Sq Ft Lot
  • Rectangular Lot

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Single Garage Door

Property Views

  • Bay
  • City Lights

Interior Spaces

  • 2,286 Sq Ft Home
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Bonus Room with Fireplace

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Additional Features

  • More Than Two Accessible Exits
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 99

Community Details

Overview

  • No Home Owners Association
  • Balboa Island Main Island Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

2,550 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2286.00 Square Feet
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: 2+ Access Exits
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Fireplace Features: Bonus Room, Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1181.10
  • Room Type: All Bedrooms Up
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • View: Bay, City Lights
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • 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 Lot: 22
  • Tax Tract Number: 99

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2024
Sold by
Bought by
Current Estimated Value
$5,244,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Outstanding Balance
$2,645,768
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$2,599,039

Purchase Details

Listed on
Sep 16, 2019
Closed on
Dec 30, 2019
Sold by
Bought by
Seller's Agent
Ryan Gunderson
Arbor Real Estate
Buyer's Agent
Kristi Cousens
Compass
List Price
$2,795,000
Sold Price
$2,700,000
Premium/Discount to List
-$95,000
-3.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.67%
Original Mortgage
$2,160,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2018
Closed on
May 4, 2018
Sold by
Bought by
Seller's Agent
Mary Hardesty
Mary Hardesty Realty
Buyer's Agent
Mary Hardesty
Mary Hardesty Realty
List Price
$2,995,000
Sold Price
$2,725,000
Premium/Discount to List
-$270,000
-9.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.57%
Original Mortgage
$1,907,500
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 24, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,948,000
Interest Rate
4.48%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 1, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Balboa Island, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Company
$2,700,000 Fidelity Natl Ttl Orange Cnt
$2,725,000 Chicago Title Co
-- Commonwealth Land Title Co
-- Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,700,000
Previous Owner $2,160,000
Previous Owner $1,907,500
Previous Owner $2,948,000
Previous Owner $150,000
Previous Owner $550,000
Previous Owner $500,000
Previous Owner $290,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2020 01/15/20 Sold $2,700,000 -3.4% $1,181 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $2,795,000 +2.6% $1,223 / Sq Ft
06/08/2018 06/08/18 Sold $2,725,000 -9.0% $1,192 / Sq Ft View Prior Sale
05/02/2018 05/02/18 Pending -- -- --
12/19/2017 12/19/17 For Sale $2,995,000 -- $1,310 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $34,750 $3,154,412 $2,342,588 $811,824
2025 $34,750 $3,092,561 $2,296,655 $795,906
2024 $34,224 $3,031,923 $2,251,623 $780,300
2023 $33,455 $2,972,474 $2,207,474 $765,000
2022 $31,282 $2,758,875 $2,164,191 $594,684
2021 $30,960 $2,727,972 $2,121,756 $606,216
2020 $30,345 $2,835,090 $2,304,663 $530,427
2019 $29,717 $2,779,500 $2,259,473 $520,027
2018 $7,110 $636,954 $163,073 $473,881
2017 $6,984 $624,465 $159,875 $464,590
2016 $6,830 $612,221 $156,740 $455,481
2015 $6,762 $603,025 $154,385 $448,640
2014 $6,603 $591,213 $151,361 $439,852
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19216685

California Regional Multiple Listing Service (CRMLS)

APN: 050-022-25

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