NOT LISTED FOR SALE

Estimated Value: $4,937,000 - $22,610,840

4 Beds
7 Baths
7,199 Sq Ft
$1,913/Sq Ft Est. Value

Last Sold March 18, 2024

Last sale price $25,050,000 $3,480 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $91,170/month

Highlights

  • Ocean View
  • In Ground Pool
  • No HOA
  • Newport Elementary School Rated A
  • 0.34 Acre Lot
  • 2 Car Attached Garage

About This Home

As of March 2024

Sold before processing. Entered for comp purposes only.

Last Agent to Sell the Property

Robert Giem

Plus Real Estate License #01082750 Listed on: 03/18/2024

Last Buyer's Agent

Tara Shapiro

Coldwell Banker Realty License #01892201

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $166,210

Year Built

  • Built in 1975

Lot Details

  • 0.34 Acre Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Coastline
  • Harbor

Interior Spaces

  • 7,199 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 7 Full Bathrooms

Pool

  • In Ground Pool
  • Above Ground Spa

Additional Features

  • Exterior Lighting
  • Central Air

Community Details

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 7001
  • Assessor Parcel Number 04824036
  • $380 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$166,210

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04824036
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7199.00 Square Feet
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 7
  • Full And Three Quarter Bathrooms: 7
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3479.65
  • Room Type: Entry, Family Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Spa Features: Above Ground

Exterior Features

  • View: Coastline, Harbor, Ocean, Water
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 15000.00
  • Lot Size Acres: 0.3444

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15000.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 2
  • Tax Tract Number: 07001
  • TaxOtherAnnualAssessmentAmount: 380.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2024
Closed on
Jan 25, 2024
Sold by
Brighton Road Investments Llc
Bought by
Burcher Family Trust and Burcher
Seller's Agent
Robert Giem
Plus Real Estate
Buyer's Agent
Tara Shapiro
Coldwell Banker Realty
List Price
$30,000,000
Sold Price
$25,050,000
Premium/Discount to List
-$4,950,000
-16.5%
Total Days on Market
0
Views
6
Current Estimated Value
$13,773,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,276,080
Avg. Annual Appreciation
-39.00%
Original Mortgage
$13,777,500
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 18, 2020
Closed on
Nov 30, 2020
Sold by
Panic Milan and Milan Panic Family Trust
Bought by
Brighton Road Investments Llc
Seller's Agent
John Stanaland
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Buyer's Agent
Robert Giem
Plus Real Estate
List Price
$19,995,000
Sold Price
$14,850,000
Premium/Discount to List
-$5,145,000
-25.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.23%

Purchase Details

Closed on
Jan 8, 2014
Sold by
Panic Milan
Bought by
Panic Milan and Milan Panic Family Trust

Purchase Details

Closed on
Sep 3, 2004
Sold by
Panic Milan
Bought by
Panic Milan and Milan Panic 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
$4,400,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2003
Sold by
Panic Sally A
Bought by
Panic Milan and Milan Panic 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
$2,000,000
Interest Rate
3%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 29, 2002
Sold by
Panic Milan
Bought by
Panic Milan and The Milan Family Trust

Purchase Details

Closed on
Oct 4, 1999
Sold by
Panic Milan
Bought by
Weckwerth Vivian

Purchase Details

Closed on
Dec 14, 1998
Sold by
Sally Panic
Bought by
Panic Sally A and Sally A Panic Separate Property Revocabl
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
Burcher Family Trust $25,050,000 Lawyers Title Company
Burcher Family Trust $25,050,000 Lawyers Title Company
Brighton Road Investments Llc $14,850,000 Lawyers Title
Panic Milan -- None Available
Panic Milan -- United Title Company
Panic Milan -- United Title Company Orange
Panic Milan -- --
Panic Milan -- --
Weckwerth Vivian -- Orange Coast Title
Panic Sally A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burcher Family Trust $13,777,500
Previous Owner Panic Milan $6,419,640
Previous Owner Panic Milan $4,483,500
Previous Owner Panic Milan $4,455,000
Previous Owner Panic Milan $5,701,800
Previous Owner Panic Milan $3,000,000
Previous Owner Panic Milan $6,000,000
Previous Owner Panic Milan $4,400,000
Previous Owner Panic Milan $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2024 03/18/24 Sold $25,050,000 -16.5% $3,480 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
03/18/2024 03/18/24 For Sale $30,000,000 +102.0% $4,167 / Sq Ft
12/02/2020 12/02/20 Sold $14,850,000 -17.5% $2,063 / Sq Ft
08/27/2020 08/27/20 Price Changed $17,995,000 -10.0% $2,500 / Sq Ft
03/18/2020 03/18/20 For Sale $19,995,000 -- $2,777 / 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 $166,210 $15,758,938 $14,477,907 $1,281,031
2023 $162,342 $15,449,940 $14,194,027 $1,255,913
2022 $159,679 $15,147,000 $13,915,712 $1,231,288
2021 $156,606 $14,850,000 $13,642,854 $1,207,146
2020 $47,608 $4,487,586 $3,413,695 $1,073,891
2019 $46,614 $4,399,595 $3,346,760 $1,052,835
2018 $45,682 $4,313,329 $3,281,137 $1,032,192
2017 $44,873 $4,228,754 $3,216,801 $1,011,953
2016 $43,860 $4,145,838 $3,153,727 $992,111
2015 $43,451 $4,083,564 $3,106,355 $977,209
2014 $42,020 $3,965,018 $3,045,505 $919,513
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24054389

California Regional Multiple Listing Service (CRMLS)

APN: 048-240-36