$2,450,000
SOLD APR 24, 2014
4 Beds
3.5 Baths
2,415 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$1,014 Per Sq Ft

9% Below List Price

58 Days on Market

Highlights

  • Primary Bedroom Suite
  • Retreat
  • No HOA
  • Newport Elementary School Rated A
  • Bonus Room
  • 4-minute walk to West Jetty View Park

About This Home

As of August 2022

Encompassing 4 bedrooms and 4 baths on two spacious levels with ideal sun exposure, this Balboa Peninsula Point home evokes the charm of a quintessential beach cottage. Sitting on a rare, oversized corner lot in one of the most coveted communities in all of Newport Beach, within a stone’s throw of the Wedge, the Channel, the Ferry and Fun Zone and some of the West Coast’s best beaches, the residence offers the best of all worlds. Designed for casually chic everyday living, the main level of the home includes wonderful indoor and outdoor spaces, with an expansive wrap around patio. The light and bright open floor plan offers a great setting for entertaining. The residence’s 4 bedrooms – 3 upstairs and one on the main level - include a spacious master suite with a bonus office/den attached, as well as a large master bathroom featuring dual vanities. A 2-car garage completes this fabulous beach home.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 01/14/2014

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 01/14/2014

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,834

Year Built

  • Built in 1961

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2,415 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Bonus Room
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat
  • Primary Bedroom Suite
  • Walk-In Closet

Additional Features

  • 3,485 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 04830201

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,834

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04830201
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2415.00
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1014.49
  • Room Type: Bonus Room, Den, Master Bedroom, Master Suite, Walk-In Closet, Retreat

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size Sq Ft: 3485.00
  • Lot Size Acres: 0.0800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3485.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Jul 26, 2022
Sold by
2008 Jackson Family Trust
Bought by
Riggio Joseph M and Riggio Alison C
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$4,495,000
Sold Price
$4,450,000
Premium/Discount to List
-$45,000
-1%
Total Days on Market
58
Views
1
Current Estimated Value
$5,674,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,224,349
Avg. Annual Appreciation
9.17%
Original Mortgage
$3,115,000
Outstanding Balance
$2,997,981
Interest Rate
5.51%
Mortgage Type
Balloon
Estimated Equity
$2,676,368

Purchase Details

Closed on
Jan 11, 2016
Sold by
Jackson Todd and Jackson Kristin
Bought by
2008 Jackson Family Trust

Purchase Details

Listed on
Jan 14, 2014
Closed on
Mar 12, 2014
Sold by
Boyd Jean M
Bought by
Jackson Todd and Jackson Kristin
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$2,695,000
Sold Price
$2,450,000
Premium/Discount to List
-$245,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$1,225,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2002
Sold by
Boyd Jean M
Bought by
Boyd Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,500
Interest Rate
6.87%

Purchase Details

Closed on
Apr 17, 2002
Sold by
First American Trust Fsb
Bought by
Boyd Jean M and Boyd Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,500
Interest Rate
6.87%

Purchase Details

Closed on
Apr 13, 1999
Sold by
Boyd Douglas M and Boyd Jean M
Bought by
First American Trust Company and Land Trust #82-0219-00

Purchase Details

Closed on
Mar 30, 1999
Sold by
Boyd Jean M
Bought by
Boyd Douglas M and Boyd Jean M
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 Type Sale Price Title Company
Grant Deed $4,450,000 Wfg National Title
Interfamily Deed Transfer -- None Available
Grant Deed $2,450,000 Ticor Title Tustin Orange Co
Interfamily Deed Transfer -- Fidelity National Title Co
Quit Claim Deed -- Fidelity National Title Co
Quit Claim Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,115,000 Balloon
Previous Owner $1,140,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,225,000 New Conventional
Previous Owner $281,500 Unknown
Previous Owner $281,500 Unknown
Previous Owner $281,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2022 08/25/22 Sold $4,450,000 -1.0% $1,569 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $4,495,000 +83.5% $1,585 / Sq Ft
04/24/2014 04/24/14 Sold $2,450,000 -9.1% $1,014 / Sq Ft
03/13/2014 03/13/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $2,695,000 -- $1,116 / 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 $23,834 $2,234,732 $1,983,078 $251,654
2023 $24,049 $2,190,914 $1,944,194 $246,720
2022 $31,022 $2,830,136 $2,646,176 $183,960
2021 $30,659 $2,774,644 $2,594,291 $180,353
2020 $30,377 $2,746,194 $2,567,690 $178,504
2019 $29,789 $2,692,348 $2,517,344 $175,004
2018 $29,352 $2,639,557 $2,467,984 $171,573
2017 $28,810 $2,587,801 $2,419,592 $168,209
2016 $28,252 $2,537,060 $2,372,149 $164,911
2015 $28,092 $2,498,951 $2,336,517 $162,434
2014 $4,383 $255,504 $139,906 $115,598
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14008775

California Regional Multiple Listing Service (CRMLS)

APN: 048-302-01