NOT LISTED FOR SALE

Estimated Value: $6,628,683 - $7,329,000

5 Beds
5.5 Baths
3,245 Sq Ft
$2,119/Sq Ft Est. Value

Last Sold March 11, 2020

Last sale price $4,500,000 $1,387 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $40,290/month

110 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Open Floorplan
  • Newport Elementary School Rated A
  • Primary Bedroom Suite
  • 3-minute walk to West Jetty View Park

About This Home

As of March 2020

An exciting opportunity to own a classic Coastal Mediterranean-inspired home on what is perhaps the best interior corner lot on Peninsula Point. One-off the sand with clear views to the ocean this expansive five bedroom home on a sunny, oversize corner parcel features generously proportioned rooms and wonderful living and entertaining opportunities. Superior craftsmanship and detail set the stage for the living, dining and family room spaces all of which adjoin a large ocean view terrace with views of the shoreline and sunsets behind Catalina. A true cook's kitchen is the heart of the home and is highlighted by unparalleled storage, abundant prep space, a separate butler's pantry, wet bar with wine refrigerator and ice maker, and soothing ocean views. Designed with function and family in mind the flexible lay out allows for any one of the five bedrooms to be readily used as an office or den. Bathed in the breeze from the sea the secluded master suite with private terrace revels in romantic water views. Finely crafted as a custom home with extensive millwork, built-ins, abundant storage, two laundry areas, a workshop, a separate beach bath and an incredible three car garage with two outdoor spots this home presents a rare opportunity to enjoy exceptional ocean views and extraordinary beach access within the charming seaside community of Balboa Peninsula Point.

Last Agent to Sell the Property

Tara Shapiro

Coldwell Banker Realty License #01892201 Listed on: 08/29/2019

Coldwell Banker Realty

Last Buyer's Agent

Tara Shapiro

Coldwell Banker Realty License #01892201 Listed on: 08/29/2019

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 3,080 Sq Ft Lot
  • Corner Lot
  • Sprinklers on Timer

Parking

  • 3 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Workshop in Garage
  • Two Garage Doors
  • Garage Door Opener
  • Off-Street Parking

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Neighborhood

Home Design

  • Mediterranean Architecture
  • Split Level Home
  • Turnkey

Interior Spaces

  • 3,245 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Built-In Features
  • Bar
  • Crown Molding
  • Beamed Ceilings
  • Ceiling Fan
  • Awning
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Home Office
  • Workshop
  • Storage
  • Utility Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Utility Sink
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony
  • Patio
  • Terrace
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Outdoor Grill

Location

  • Urban Location

Utilities

  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 39 / E
  • Tax Tract Number 518
  • Assessor Parcel Number 04828201

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04828201
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3245.00 Square Feet
  • Interior Amenities: Balcony, Bar, Beamed Ceilings, Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, Living Room Deck Attached, Open Floorplan, Pantry, Storage, Wet Bar, Wired for Sound
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: Multi/Split
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1386.75
  • Room Type: Entry, Family Room, Kitchen, Living Room, Main Floor Bedroom, Master Suite, Office, Utility Room, Walk-In Closet, Walk-In Pantry, Workshop
  • Room Kitchen Features: Butler's Pantry, Granite Counters, Kitchen Island, Kitchen Open To Family Room, Utility Sink, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Other Structures: Workshop
  • Exterior Features: Awning(s), Barbecue Private
  • View: Catalina, Coastline, Neighborhood, Ocean
  • Patio And Porch Features: Terrace
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage - Two Door, Garage Door Opener, Off Street, Workshop in Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Water Heater
  • Heating Type: Zoned, Forced Air, Natural Gas
  • Laundry Features: Dryer Included, In Garage, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Sprinklers Timer
  • Lot Size Sq Ft: 3080.00
  • Lot Size Acres: 0.0707

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3080.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Block: E
  • Tax Census Tract: 628.00
  • Tax Lot: 39
  • Tax Tract Number: 518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2019
Sold by
Scalzo Frederick B and Scalzo Pamela A
Bought by
2101 Ocean Llc
Current Estimated Value
$6,875,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2012
Sold by
Scalzo Frederick B and Scalzo Pamela A
Bought by
Scalzo Frederick B and Scalzo Pamela A

Purchase Details

Closed on
Dec 9, 2003
Sold by
Scalzo Pamela A
Bought by
Scalzo Frederick B and Scalzo Pamela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.92%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 2, 1999
Sold by
Pamela Scalzo
Bought by
Scalzo Pamela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
7.63%

Purchase Details

Closed on
May 13, 1997
Sold by
Scalzo Frederick B
Bought by
Scalzo Pamela

Purchase Details

Closed on
Dec 21, 1993
Sold by
Scalzo Frederick B and Scalzo Pamela A
Bought by
Scalzo Frederick B and Scalzo Pamela A

Purchase Details

Closed on
Sep 23, 1993
Sold by
Scalzo Frederick B and Scalzo Pamela A
Bought by
Scalzo Frederick B and Scalzo Pamela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,600
Interest Rate
6.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2101 Ocean Llc $4,500,000 Chicago Title Company
Scalzo Frederick B -- None Available
Scalzo Frederick B -- None Available
Scalzo Frederick B -- Stewart Title Of Ca Inc
Scalzo Pamela A -- --
Scalzo Pamela -- --
Scalzo Frederick B -- --
Scalzo Frederick B -- United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2101 Ocean Llc $3,000,000
Previous Owner Scalzo Frederick B $1,500,000
Previous Owner Scalzo Pamela A $515,000
Previous Owner Scalzo Frederick B $369,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2020 03/11/20 Sold $4,500,000 -9.5% $1,387 / Sq Ft
12/17/2019 12/17/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $4,975,000 -- $1,533 / 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 $51,162 $4,921,407 $4,153,193 $768,214
2024 $51,162 $4,824,909 $4,071,758 $753,151
2023 $49,968 $4,730,303 $3,991,919 $738,384
2022 $49,145 $4,637,552 $3,913,646 $723,906
2021 $48,201 $4,546,620 $3,836,908 $709,712
2020 $11,271 $1,043,277 $462,728 $580,549
2019 $11,040 $1,022,821 $453,655 $569,166
2018 $10,820 $1,002,766 $444,760 $558,006
2017 $10,628 $983,104 $436,039 $547,065
2016 $10,390 $963,828 $427,489 $536,339
2015 $10,290 $949,351 $421,068 $528,283
2014 $10,046 $930,755 $412,820 $517,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19207273

California Regional Multiple Listing Service (CRMLS)

APN: 048-282-01