NOT LISTED FOR SALE

Estimated Value: $4,067,000 - $5,883,000

4 Beds
4.5 Baths
2,590 Sq Ft
$1,801/Sq Ft Est. Value

Last Sold September 10, 2018

Last sale price $3,000,000 $1,158 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $27,664/month

111 Days on Market

Highlights

  • Primary Bedroom Suite
  • Ocean Side of Highway 1
  • Property is near a park
  • Abraham Lincoln Elementary School Rated A
  • Open Floorplan
  • 5-minute walk to Balboa Island Park

About This Home

As of September 2018

Boasting a westward-facing orientation for spectacular evening sunsets from within world-famous Balboa Island is this gorgeous 4 bedroom, 4.5 bath custom residence that delivers both East Coast charm and California livability for the ultimate in coastal living. The immaculate home designed by famed architect, Ian Harrison, and brought to life by builder, Robert Pack, features modern amenities and appointments while maintaining understated island charm. Open, airy spaces are complemented by lofty ceilings, the highest quality finishes and fixtures, an abundance of natural light and sea breezes through multiple sets of sliding and French doors with phantom screens. The great room serves as the heart of the home adjoining the dining area, chef’s kitchen with Wolf & SubZero appliances, central courtyard and front patio with classic distressed brick flooring, stately columns, and remote-controlled awning. Two bathrooms and a second living room with courtyard access complete the first floor while the second level reveals yet another living or bonus space, 3 secondary bedrooms and the master suite with private balcony and spa-like bath. Additional highlights include 3 total fireplaces, a security system with front door camera and mobile app capabilities, and an attached garage accommodating 2 cars and an abundance of beach toys. Curated to perfection with not a single detail overlooked, this timeless 2,500+ square foot residence delivers every need for the coveted island life.

Last Agent to Sell the Property

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 04/24/2018

Coldwell Banker Realty

Last Buyer's Agent

Kevin Smith

Surterre Properties Inc. License #01417297

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,878

Year Built

  • Built in 2014

Lot Details

  • 2,550 Sq Ft Lot
  • Rectangular Lot

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Turnkey
  • Shingle Roof

Interior Spaces

  • 2,590 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Wainscoting
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • French Doors
  • Sliding Doors
  • Entryway
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Bonus Room
  • Storage
  • Laundry Room
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Gas Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Walk-in Shower

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Front Porch

Schools

  • Lincoln Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Additional Features

  • Property is near a park
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 14 / 10
  • Tax Tract Number 100
  • Assessor Parcel Number 05009210

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,878

Year Built

Built in 2014

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: Tim Smith
  • Other Phone Number: 949-478-2295
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05009210
  • Year Built: 2014
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2590.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Open Floorplan, Recessed Lighting, Storage, Wainscoting, Wired for Sound
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors, Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Family Room, Great Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Price Per Square Foot: 1158.30
  • Room Type: All Bedrooms Up, Bonus Room, Entry, Great Room, Kitchen, Master Suite, Separate Family Room, Walk-In Closet, Walk-In Pantry
  • Window Features: Skylight(s)
  • Bathroom Features: Shower, Double Sinks In Master Bath, Privacy Toilet Door
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Patio And Porch Features: Brick, Patio, Front Porch
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Gas Range, Microwave, Range Hood, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Lincoln
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • Elementary School: Lincoln
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: LINCOL
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Park Nearby
  • Lot Size Sq Ft: 2550.00

Multi Family

  • Lease Considered: No
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 630.06
  • Tax Lot: 14
  • Tax Tract Number: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Colm Ann
Bought by
Busacca Brian and Jamieson Thomas J
Total Days on Market
111
Current Estimated Value
$4,664,882

Purchase Details

Listed on
Apr 24, 2018
Closed on
Aug 9, 2018
Sold by
Bekads Investments Llc
Bought by
Colm Ann
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Kevin Smith
Surterre Properties Inc.
List Price
$3,499,000
Sold Price
$3,000,000
Premium/Discount to List
-$499,000
-14.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%

Purchase Details

Listed on
May 31, 2015
Closed on
Jun 18, 2015
Sold by
Ruby Cottage Llc
Bought by
Bekads Investments Llc
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Jon Pugh
eXp Realty of California
List Price
$2,895,000
Sold Price
$2,860,000
Premium/Discount to List
-$35,000
-1.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.51%

Purchase Details

Closed on
Feb 26, 2013
Sold by
Highway Llc
Bought by
Ruby Cottage Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
4.27%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 19, 2007
Sold by
Schneider Elizabeth K
Bought by
Highway Llc

Purchase Details

Closed on
May 1, 1998
Sold by
Schneider Elizabeth K and Schneider Raymond J
Bought by
Schneider Raymond J and Schneider Elizabeth K
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
Busacca Brian $3,075,000 Ticor Title
Colm Ann $3,000,000 Ticor Title
Bekads Investments Llc $2,860,000 Orange Coast Title Co Socal
Ruby Cottage Llc $1,450,000 Orange Coast Title Company
Highway Llc -- Ticor Tustin
Schneider Raymond J -- --
Schneider Raymond J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruby Cottage Llc $2,100,000
Previous Owner Highway Llc $1,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2018 09/10/18 Sold $3,000,000 -6.1% $1,158 / Sq Ft
07/09/2018 07/09/18 Price Changed $3,195,000 -8.7% $1,234 / Sq Ft
04/24/2018 04/24/18 For Sale $3,499,000 +22.3% $1,351 / Sq Ft
07/06/2015 07/06/15 Sold $2,860,000 -1.2% $1,203 / Sq Ft
06/14/2015 06/14/15 Pending -- -- --
05/31/2015 05/31/15 For Sale $2,895,000 -- $1,218 / 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 $34,878 $3,263,214 $2,754,318 $508,896
2023 $34,061 $3,199,230 $2,700,312 $498,918
2022 $33,496 $3,136,500 $2,647,364 $489,136
2021 $32,956 $3,091,701 $2,607,474 $484,227
2020 $32,639 $3,060,000 $2,580,738 $479,262
2019 $31,962 $3,000,000 $2,530,135 $469,865
2018 $31,758 $2,975,544 $2,504,845 $470,699
2017 $31,197 $2,917,200 $2,455,730 $461,470
2016 $30,495 $2,860,000 $2,407,578 $452,422
2015 $26,004 $2,418,731 $1,927,541 $491,190
2014 $18,339 $1,700,000 $1,645,004 $54,996
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18089088

California Regional Multiple Listing Service (CRMLS)

APN: 050-092-10