NOT LISTED FOR SALE

Estimated Value: $4,998,000 - $6,927,801

3 Beds
3.5 Baths
3,000 Sq Ft
$1,992/Sq Ft Est. Value

Last Sold December 12, 2014

Last sale price $2,620,000 $873 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $36,283/month

54 Days on Market

Highlights

  • Private Pool
  • City Lights View
  • No HOA
  • Newport Elementary School Rated A
  • Fireplace in Primary Bedroom Retreat
  • 3-minute walk to West Jetty View Park

About This Home

As of December 2014

Overlooking the M Street park in the center of the beach close enclave of Balboa Peninsula Point, this custom home has many features that distinguish it as one of the special properties of this beach community. Starting with its peaceful quiet location and it is just steps to the bay, and the beach and ocean. Complete with a spacious master retreat, sitting room, fireplace, large walk in closet and walk in shower. A large third floor with great room or fourth bedroom, a bathroom with steam shower and a rooftop deck with views. The third floor retreat also offers space for an office or teen entertainment room, air conditioning, a commercial kitchen with dumb waiter to all three floors, beautiful hard wood floors, custom cabinetry throughout, are some of the features that set it apart. Finishing off this great offering is a pool/spa with swim in place jets that gives the home a resort feel.
Perfect for a primary residence or a turn key second home to enjoy the beach.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 10/08/2014

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 10/08/2014

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,802

Year Built

  • Built in 1995

Lot Details

  • 2,614

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Formal Dining Room
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • All Upper Level Bedrooms

Pool

  • Private Pool
  • Spa

Additional Features

  • 2,614 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 04829122

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,802

Year Built

Built in 1995

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Maintained
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04829122
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3000.00
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Separated
  • Entry Level: 1
  • Fireplace Features: Living Room, Master Retreat
  • Levels: Two
  • Price Per Square Foot: 873.33
  • Room Type: All Bedrooms Up

Exterior Features

  • View: City Lights
  • Pool Private: Yes
  • Spa: Yes

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: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2014
Closed on
Dec 1, 2014
Sold by
Jorgensen Daren E
Bought by
Caliger Family Trust
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$2,995,000
Sold Price
$2,620,000
Premium/Discount to List
-$375,000
-12.52%
Total Days on Market
54
Current Estimated Value
$5,976,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,356,450
Avg. Annual Appreciation
8.14%

Purchase Details

Closed on
Dec 18, 2013
Sold by
Clements Craig A and Clements Patricia J
Bought by
Jorgensen Daren E and Civ Trust

Purchase Details

Closed on
Jan 14, 2002
Sold by
Clements Craig A and Clements Patricia J
Bought by
Clements Craig A and Clements Patricia J

Purchase Details

Closed on
Oct 5, 2001
Sold by
The United States Of America
Bought by
Clements Craig A and Clements Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.62%

Purchase Details

Closed on
Nov 20, 1995
Sold by
Mungia Frank J and Mungia Margaret Ann
Bought by
Mungia Frank J and Mungia Margaret Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Interest Rate
7.51%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 7, 1994
Sold by
Mungia Frank and Mungia Margaret
Bought by
Mungia Frank J and Mungia Margaret Ann
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
Caliger Family Trust $2,620,000 Ticor Title
Jorgensen Daren E $2,350,000 Lawyers Title
Clements Craig A -- --
Clements Craig A $1,200,000 Chicago Title Co
Mungia Frank J -- Chicago Title Co
Mungia Frank J -- Chicago Title Co
Mungia Frank J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caliger Craig Alan $500,000
Open Caliger Craig Alan $1,261,000
Previous Owner Clements Craig A $600,300
Previous Owner Clements Craig A $500,000
Previous Owner Clements Craig A $651,000
Previous Owner Clements Craig A $650,000
Previous Owner Mungia Frank J $112,500
Previous Owner Mungia Frank J $714,600
Previous Owner Mungia Frank J $85,000
Previous Owner Mungia Frank J $618,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2014 12/12/14 Sold $2,620,000 -12.5% $873 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
10/08/2014 10/08/14 For Sale $2,995,000 -- $998 / 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 $32,802 $3,087,103 $2,584,972 $502,131
2023 $32,590 $3,026,572 $2,534,286 $492,286
2022 $32,148 $2,967,228 $2,484,594 $482,634
2021 $31,711 $2,909,048 $2,435,877 $473,171
2020 $31,415 $2,879,220 $2,410,900 $468,320
2019 $30,793 $2,822,765 $2,363,627 $459,138
2018 $30,285 $2,767,417 $2,317,281 $450,136
2017 $29,730 $2,713,154 $2,271,844 $441,310
2016 $29,127 $2,659,955 $2,227,298 $432,657
2015 $28,928 $2,620,000 $2,193,841 $426,159
2014 $26,038 $2,350,000 $1,947,414 $402,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14216262

California Regional Multiple Listing Service (CRMLS)

APN: 048-291-22