NOT LISTED FOR SALE

Estimated Value: $6,327,000 - $7,842,047

3 Beds
4 Baths
3,454 Sq Ft
$2,022/Sq Ft Est. Value

About This Home

The epitome of a "beach house" located in Newport Beach's very special, Peninsula Point neighborhood. Commanding Newport Harbor views are enjoyed from the living, dining and kitchen area as well as a private rooftop deck. Located across the street from the harbor, dock and both public and private beaches, the location is spectacular. Known as an "upside down house" to maximize views, two of the three bedrooms are located on the main level along with a large bonus room and laundry. On the second level there is a large living room with a fireplace and adjacent dining room, both with Harbor Views. A balcony/deck off the front of the home allows for al fresco dining while watching the Harbor activity. Open concept kitchen, family room with attched office space and large master suite are also found on second level. A convenient elevator connects the first and second floor. For privacy and serenity, the rooftop deck has plenty of room for a bbq get together as well as a quiet place to relax. Beach parking won't be an issue with an attached oversized three garage completing this enticing home. With the popular Wedge surfbreak, Fun Zone, and both Harbor and Beachside activities within moments, you will feel like you are on vacation every day. Offered fully furnished as a long term lease, 2109 E. Balboa is the perfect "test drive" to beach style living.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2020
Sold by
Chu Franklin Ming Teh and Chu Owena Elizabeth
Bought by
Chu Franklin Ming Teh and Chu Owena Elizabeth
Current Estimated Value
$6,983,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,090,000
Outstanding Balance
$981,005
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$6,002,257

Purchase Details

Closed on
Nov 4, 2009
Sold by
Jacobson Donald A and Jacobson Julianne
Bought by
Chu Franklin and Chu Owena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,845,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 1995
Sold by
Jacobson Donald A and Jacobson Julianne
Bought by
Jacobson Donald A and Jacobson Julianne
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Chu Franklin Ming Teh -- First American Title Company
Chu Franklin $2,800,000 Multiple
Jacobson Donald A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Franklin Ming Teh $1,090,000
Closed Chu Franklin $1,322,500
Closed Chu Franklin $1,845,000
Previous Owner Jacobson Donald A $300,000
Previous Owner Jacobson Donald A $1,300,000
Previous Owner Jacobson Donald A $840,000
Previous Owner Jacobson Donald A $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2022 05/15/22 Rented $22,500 +32.4% --
05/05/2022 05/05/22 Under Contract -- -- --
04/16/2022 04/16/22 For Rent $17,000 +100.0% --
04/13/2018 04/13/18 Rented $8,500 0.0% --
04/13/2018 04/13/18 For Rent $8,500 0.0% --
04/09/2018 04/09/18 Off Market $8,500 -- --
03/15/2018 03/15/18 For Rent $8,500 -- --

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 $37,678 $3,543,436 $2,966,786 $576,650
2023 $36,798 $3,473,957 $2,908,613 $565,344
2022 $36,190 $3,405,841 $2,851,582 $554,259
2021 $35,495 $3,339,060 $2,795,668 $543,392
2020 $35,155 $3,304,823 $2,767,002 $537,821
2019 $34,423 $3,240,023 $2,712,747 $527,276
2018 $33,736 $3,176,494 $2,659,556 $516,938
2017 $33,139 $3,114,210 $2,607,408 $506,802
2016 $32,392 $3,053,148 $2,556,283 $496,865
2015 $32,089 $3,007,287 $2,517,885 $489,402
2014 $31,332 $2,948,379 $2,468,563 $479,816
Source: Public Records

Agents Affiliated with this Home

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