NOT LISTED FOR SALE

Estimated Value: $6,050,000 - $7,221,503

3 Beds
3.5 Baths
3,454 Sq Ft
$1,976/Sq Ft Est. Value

Highlights

  • Rooftop Deck
  • Harbor Views
  • Across the Road from Lake or Ocean
  • Newport Elementary School Rated A
  • Primary Bedroom Suite
  • 4-minute walk to West Jetty View Park

About This Home

As of May 2022

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.

Last Agent to Rent the Property

Angela Caliger

Surterre Properties Inc. License #01985549 Listed on: 04/16/2022

Surterre Properties Inc.

Last Renter's Agent

Marlene Hassel

Villa Real Estate License #00999897

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,678

Year Built

  • Built in 1963

Lot Details

  • 2,960 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Garage Door Opener

Property Views

  • Harbor
  • Views of a pier
  • City Lights
  • Neighborhood

Interior Spaces

  • 3,454 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Bonus Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Ocean Side of Highway 1
  • Living Room Balcony
  • Rooftop Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Across the Road from Lake or Ocean

Community Details

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Listing and Financial Details

  • Security Deposit $17,000
  • 12-Month Minimum Lease Term
  • Available 6/4/22
  • Tax Lot 58
  • Tax Tract Number 948
  • Assessor Parcel Number 04830203

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,678

Year Built

Built in 1963

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2022-06-04
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 1000
  • Deposit Security: 17000
  • Furnished: Furnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 04830203
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3454.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s), Elevator, Furnished, Granite Counters, High Ceilings, Living Room Balcony, Living Room Deck Attached, Open Floorplan
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 6.51
  • Room Type: Bonus Room, Family Room, Formal Entry, Kitchen, Laundry, Living Room, Master Suite, Walk-In Closet
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Master Bath, Privacy Toilet Door, Separate Tub And Shower, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: City Lights, Harbor, Neighborhood, Pier, Water
  • Patio And Porch Features: Roof Top
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Faces Rear, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2960.00
  • Lot Size Acres: 0.0680

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 2960.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Across the Road from Lake/Ocean, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 58
  • Tax Tract Number: 948

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
$6,826,126

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
$972,580
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$5,853,546

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:

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Average Value
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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
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 -- --
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 $37,678 $3,614,304 $3,026,121 $588,183
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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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22076365

California Regional Multiple Listing Service (CRMLS)

APN: 048-302-03