NOT LISTED FOR SALE

Estimated Value: $5,399,582 - $6,796,000

3 Beds
4.5 Baths
2,485 Sq Ft
$2,465/Sq Ft Est. Value

Last Sold April 27, 2016

Last sale price $3,500,000 $1,408 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $38,204/month

10 Days on Market

Highlights

  • Newly Remodeled
  • Rooftop Deck
  • City Lights View
  • Abraham Lincoln Elementary School Rated A
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of April 2016

BRAND NEW 2016 CUSTOM CAPE COD HOME ON BALBOA ISLAND. Island builder, Joe Lippnik, and architect Brad Smith present this beautiful new Island home with endless amenities and thoughtful finishes throughout. The main level has a great room with hickory floors and fireplace that provides the perfect venue for entertaining, with expansive sliding doors leading to an oversized sunny front patio and a private side patio. The chef's kitchen offers high-quality Sub Zero, Wolf, and Bosch stainless steel appliances, granite counter tops and self-closing cabinets and drawers. On the second level, there is a stunning master bedroom suite with his-and-hers walk-in closets, private sitting balcony, and a luxurious bathroom with soaking tub and separate shower; two spacious guest bedrooms, two bathrooms with extensive use of Carrera marble, plus a bonus room. The third level has a cozy loft/office space, 3/4 bath and an expansive roof deck with covered loggia lounge, private sun deck, and peek-a-boo views of the Bay! Other highlights include ELEVATOR to all three stories, double paned Anderson windows, epoxy garage floor, air conditioning and surround sound system. Close to shops, dining, and Bay with all Balboa Island has to offer!

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 03/16/2016

Last Buyer's Agent

Mary Pat Earl

Surterre Properties Inc. License #01738341

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,785

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 2,550 Sq Ft Lot
  • Property fronts an alley
  • Vinyl Fence
  • Landscaped

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage

Property Views

  • City Lights
  • Peek-A-Boo

Home Design

  • Cape Cod Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,485 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Sliding Doors
  • Entryway
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Loft
  • Bonus Room
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

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

Home Security

  • Home Security System
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 102
  • Assessor Parcel Number 05016209

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,785

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Smoke Detector(s), Security System
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Cape Cod
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05016209
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2485.00
  • Interior Amenities: Built-in Features, Balcony, Ceiling Fan(s), Crown Molding, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Wired for Sound
  • Stories: 3
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar, Family Kitchen
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 1408.45
  • Room Type: All Bedrooms Up, Bonus Room, Entry, Great Room, Loft, Living Room, Master Suite, Walk-In Pantry, Walk-In Closet
  • Window Features: Double Pane Windows
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Lighting
  • View: City Lights, Peek-A-Boo
  • Fence: Yes
  • Fencing: Vinyl
  • Patio And Porch Features: Covered, Front Porch, Roof Top
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Double Oven, Dishwasher, Disposal, Gas Oven, Gas Range, Refrigerator, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room
  • 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

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 2550.00
  • Price Per Lot Square Foot: 1372.55
  • Lot Size Acres: 0.0590

Multi Family

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

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2025
Sold by
Power Trust and First Foundation Bank
Bought by
Power Marital Trust and First Foundation Bank
Total Days on Market
10
Current Estimated Value
$6,126,146

Purchase Details

Listed on
Mar 16, 2016
Closed on
Mar 31, 2016
Sold by
Lippnik Eugene Joseph and Mcgrane Russell George
Bought by
Power Trust I
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Mary Pat Earl
Surterre Properties Inc.
List Price
$3,595,000
Sold Price
$3,500,000
Premium/Discount to List
-$95,000
-2.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%

Purchase Details

Listed on
Sep 16, 2014
Closed on
Sep 2, 2014
Sold by
Mcgrane Jerri
Bought by
Mcgrane Russell George
Seller's Agent
David Prince
Arbor Real Estate
Buyer's Agent
Lyleen Ewing
Coldwell Banker Realty
List Price
$1,595,000
Sold Price
$1,375,000
Premium/Discount to List
-$220,000
-13.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.97%
Original Mortgage
$1,830,000
Interest Rate
4.1%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 16, 2014
Closed on
Aug 18, 2014
Sold by
Fuehrer Allison J and Laird Leslie E
Bought by
Lippnik Eugene Joseph and Mcgrane Russell George
Seller's Agent
David Prince
Arbor Real Estate
Buyer's Agent
Lyleen Ewing
Coldwell Banker Realty
List Price
$1,595,000
Sold Price
$1,375,000
Premium/Discount to List
-$220,000
-13.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,830,000
Interest Rate
4.1%
Mortgage Type
Construction
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
Power Marital Trust -- None Listed On Document
Power Trust I $3,500,000 Orange Coast Title Co Socal
Mcgrane Russell George -- Equity Title
Lippnik Eugene Joseph -- Equity Title
Lippnik Eugene Joseph $1,375,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lippnik Eugene Joseph $1,830,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2016 04/27/16 Sold $3,500,000 -2.6% $1,408 / Sq Ft
03/26/2016 03/26/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $3,595,000 +161.5% $1,447 / Sq Ft
09/23/2014 09/23/14 Sold $1,375,000 -5.8% $1,113 / Sq Ft
08/04/2014 08/04/14 Pending -- -- --
07/22/2014 07/22/14 Price Changed $1,459,000 -8.5% $1,181 / Sq Ft
06/24/2014 06/24/14 For Sale $1,595,000 -- $1,291 / 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 $45,785 $4,062,049 $3,069,245 $992,804
2023 $44,686 $3,982,401 $3,009,063 $973,338
2022 $41,433 $3,904,315 $2,950,062 $954,253
2021 $40,637 $3,827,760 $2,892,217 $935,543
2020 $40,248 $3,788,512 $2,862,561 $925,951
2019 $39,409 $3,714,228 $2,806,432 $907,796
2018 $38,621 $3,641,400 $2,751,403 $889,997
2017 $37,937 $3,570,000 $2,697,453 $872,547
2016 $21,297 $1,996,006 $1,357,461 $638,545
2015 $14,857 $1,375,000 $1,337,071 $37,929
2014 $2,053 $163,462 $144,196 $19,266
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16054814

California Regional Multiple Listing Service (CRMLS)

APN: 050-162-09