NOT LISTED FOR SALE

Estimated Value: $4,543,372 - $6,162,000

3 Beds
3.5 Baths
2,614 Sq Ft
$2,042/Sq Ft Est. Value

Last Sold March 11, 2015

Last sale price $2,775,000 $1,062 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $32,863/month

256 Days on Market

Highlights

  • Wine Cellar
  • Rooftop Deck
  • Cape Cod Architecture
  • Abraham Lincoln Elementary School Rated A
  • Back Bay Views
  • Wood Flooring

About This Home

As of March 2015

Reduced $100,000..Recently reconstructed, enjoy ultimate beach style living in this quintessential Cape Cod style home located on the highly desirable “little island” on Balboa Island. This home is ideal for entertaining with an open living, dining and kitchen area giving you the feeling of the popular “great room” concept. Further emphasizing this sensibility are the vaulted ceilings and large windows, providing a light and bright atmosphere. Completing the downstairs is a full bed and bath, currently being used as an office/exercise room and an oversized laundry facility. The second level has a spacious master suite with a fireplace, his and her closets, Jacuzzi tub and steam shower. The third bedroom is intimate with its own fireplace and full bath. Additionally on the second level, there is a walk-in temperature controlled wine room, built to store over 1700 bottles of your finest reserve. Enjoy coastal bay and city light vistas from the third floor rooftop deck, complete with a flat screen TV, custom BBQ, wet bar, refrigeration, ice maker and third level bathroom. This home can be purchased fully furnished.

Last Agent to Sell the Property

Michaela McCloskey

Compass License #01261456 Listed on: 06/18/2014

Compass

Co-Listed By

Georgina Jacobson

Coldwell Banker Realty License #01176109

Last Buyer's Agent

Emily Listman

Karly Brown, Broker License #01731902

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,798

Year Built

  • Built in 1948

Lot Details

  • 2,370 Sq Ft Lot
  • Private Yard

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Two Garage Doors

Property Views

  • Back Bay
  • City Lights

Home Design

  • Cape Cod Architecture
  • Slate Roof
  • Wood Siding
  • Plaster

Interior Spaces

  • 2,614 Sq Ft Home
  • Fireplace
  • Wine Cellar
  • Laundry Room
  • Attic

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom

Outdoor Features

  • Rooftop Deck
  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 103
  • Assessor Parcel Number 05019303

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,798

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Little Island (BALL)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05019303
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2614.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: Two
  • Price Per Square Foot: 1061.59
  • Room Type: Attic, Main Floor Bedroom, Wine Cellar

Exterior Features

  • Patio: Yes
  • View: Back Bay, City Lights
  • Patio And Porch Features: Covered, Roof Top
  • Pool Private: No
  • Roof: Slate
  • Spa: No
  • Construction Materials: Plaster, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 2370.00
  • Lot Size Acres: 0.0540

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2370.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: 103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2014
Closed on
Feb 11, 2015
Sold by
Mccloskey Robert K
Bought by
The Beshoff Family Trust
Seller's Agent
Michaela McCloskey
Compass
Buyer's Agent
Emily Listman
Karly Brown, Broker
List Price
$3,089,000
Sold Price
$2,775,000
Premium/Discount to List
-$314,000
-10.17%
Total Days on Market
256
Current Estimated Value
$5,337,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,562,843
Avg. Annual Appreciation
6.60%

Purchase Details

Closed on
Feb 11, 2004
Sold by
Mccloskey Robert K
Bought by
Mccloskey Robert K and The Robert K Mccloskey 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
$380,200
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2003
Sold by
Mccloskey Robert K
Bought by
Mccloskey Robert K and The Robert K Mccloskey 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
$384,000
Interest Rate
4.87%

Purchase Details

Closed on
Aug 28, 2002
Sold by
Mccloskey Robert K
Bought by
Mccloskey Robert K and The Robert K Mccloskey 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
$386,000
Interest Rate
5.62%

Purchase Details

Closed on
Feb 25, 2002
Sold by
Mccloskey Robert K
Bought by
Mccloskey Robert K and Robert K Mccloskey 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
$390,000
Interest Rate
6.5%

Purchase Details

Closed on
Jun 29, 1999
Sold by
Mccloskey Robert H
Bought by
Mccloskey Robert K and Robert K Mccloskey 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
$406,000
Interest Rate
6.87%

Purchase Details

Closed on
Jul 7, 1998
Sold by
Mccloskey Robert K
Bought by
Mccloskey Robert K and The Robert K Mccloskey 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
$406,700
Interest Rate
7.12%

Purchase Details

Closed on
Jul 10, 1997
Sold by
Mccloskey Robert K
Bought by
Mccloskey Robert K and The Robert K Mccloskey 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
$410,000
Interest Rate
6.75%

Purchase Details

Closed on
May 22, 1997
Sold by
Cremin Mary C
Bought by
Mccloskey Robert K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
6.75%

Purchase Details

Closed on
Feb 9, 1993
Sold by
Lippnik Eugene J and Lippnik Karen M
Bought by
Cremin Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,200
Interest Rate
7.88%
Source: Public Records

Similar Homes in the area

  • 316 Diamond Ave, Newport Beach, CA 92662

    $4,495,000

    • 3 Beds
    • 3.5 Baths
    • 2,078 Sq Ft
    • 316 Diamond Ave
    • Newport Beach, CA

    The charm of yesteryear with the conveniences of today awaits at enchanted 316 Diamond Avenue on Balboa Island, just steps to the North Bayfront and Ruby Beach. The home is approached through the sunny Bay-view front patio with vibrant landscaping and French doors or via the formal Dutch door. The first level of this beautiful 3 bedroom, 3.5 bath home has oak floors, living room with fireplace,

    Don Abrams Abrams Coastal Properties

    Section Image
  • 222 Ruby Ave, Newport Beach, CA 92662

    $4,595,000

    • 5 Beds
    • 4 Baths
    • 2,794 Sq Ft
    • 222 Ruby Ave
    • Newport Beach, CA

    Stunning one-of-a-kind Balboa Island home on beautiful Ruby Avenue. Remodeled completely in 2024, there are 5 bedrooms and 4 baths encompassing 2,794 square feet, significantly larger than most Island homes. The first level presents a large living room with fireplace, new chef's kitchen with quartz counters and top-of-the-line appliances, spacious dining room, new 3/4 bath, and a private interior

    Don Abrams Abrams Coastal Properties

    Section Image
  • 126 Ruby Ave, Newport Beach, CA 92662

    $5,750,000

    • 3 Beds
    • 4.5 Baths
    • 2,429 Sq Ft
    • 126 Ruby Ave
    • Newport Beach, CA

    Stunning Balboa Island 3 bedroom, 5 bath traditional and bright corner home with modern appeal in the beautiful 100 block of Ruby Avenue. This timeless classic has an open floor plan on the first level, with a sunny great room leading to an expansive elevated front patio with BBQ and firepit. Also on the first level is an inspired chef’s kitchen with marble counters and spacious pantry, eating

    Don Abrams Abrams Coastal Properties

    Section Image
  • 1235 Santiago Dr, Newport Beach, CA 92660

    $6,495,000

    • 7 Beds
    • 5.5 Baths
    • 4,600 Sq Ft
    • 1235 Santiago Dr
    • Newport Beach, CA

    Set in the heart of Newport Beach's coveted Dover Shores, 1235 Santiago Drive designed by Architect Benjamin John Stevens offers the perfect blend of luxury, functionality, and coastal charm. Fully remodeled in 2022, this expansive 7-bedroom, 5 1/2-bathroom residence spans approximately 4,600 square feet and boasts thoughtful upgrades throughout-including a new roof, plumbing, electrical, HVAC,

    Keven Stirdivant Kase Real Estate

    Section Image
  • 1113 W Balboa Blvd, Newport Beach, CA 92661

    $3,945,000

    • 6 Beds
    • 4 Baths
    • 2,100 Sq Ft
    • 1113 W Balboa Blvd
    • Newport Beach, CA

    What a dream come true to own one of the best locations on the Balboa Peninsula and a property that has TWO ACTIVE SHORT TERM LODGING PERMITS. This duplex is situated between the Newport and Balboa Piers, just one house from the ocean and just a short block away from the Balboa Bay! 1113 W. Balboa has a fabulously large lot...31 X 103... can suite many buyers needs. Property is zoned R2 Single..

    Drew D'Angelo Kase Real Estate

    Section Image
  • 251 Driftwood Rd, Corona Del Mar, CA 92625

    $6,495,000

    • 2 Beds
    • 3 Baths
    • 1,604 Sq Ft
    • 251 Driftwood Rd
    • Corona Del Mar, CA

    Gracefully positioned on a desirable corner lot with coastal panoramas in the exclusive seaside enclave of Shore Cliffs, 251 Driftwood Rd presents a rare and exciting opportunity to reimagine a coastal home in one of Corona del Mar’s most desirable communities. Plans have been conceptualized by award winning Brandon Architects for an approximately 5,600 square foot warm transitional-style

    Paul Daftarian Luxe Real Estate

    Section Image
  • 1318 Outrigger Dr, Corona Del Mar, CA 92625

    $5,998,000

    • 4 Beds
    • 4.5 Baths
    • 3,311 Sq Ft
    • 1318 Outrigger Dr
    • Corona Del Mar, CA

    Nestled within the coveted community of Harbor View Hills South, 1318 Outrigger Dr is a newly rebuilt and thoughtfully expanded single-story home that seamlessly combines contemporary elegance with a nod to mid-century modern design. Offering a perfect blend of form and function, this residence is a sanctuary of style, comfort, and sophistication. Boasting a grand scale open-concept layout, the

    Paul Daftarian Luxe Real Estate

    Section Image
  • 1620 Lincoln Ln, Newport Beach, CA 92660

    $4,295,000

    • 5 Beds
    • 3.5 Baths
    • 3,211 Sq Ft
    • 1620 Lincoln Ln
    • Newport Beach, CA

    Some homes have a way of transporting you to a different era — a time when simplicity and function reigned supreme, and thoughtful design emphasized proportion and purpose. 1620 Lincoln embodies these principles, offering a rare opportunity to restore and enhance a classic mid-century residence on one of Dover Shores’ most coveted streets. From the moment you approach, the striking street

    Drew D'Angelo Kase Real Estate

    Section Image
  • 400 Catalina Dr, Newport Beach, CA 92663

    $4,995,000

    • 5 Beds
    • 4.5 Baths
    • 3,260 Sq Ft
    • 400 Catalina Dr
    • Newport Beach, CA

    Ideally located in the heart of Newport Heights, this Cape Cod-style compound blends timeless design with thoughtful modern upgrades on an expansive 10,454 square foot lot. The property features a beautifully remodeled single-story main residence offering 4 bedrooms and 3 bathrooms across 2,260 square feet, plus a detached ADU with 1,000 square feet—including a 1-bedroom suite, den, laundry

    Keven Stirdivant Kase Real Estate

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
The Beshoff Family Trust $2,775,000 Lawyers Title
Mccloskey Robert K -- Equity Title Company
Mccloskey Robert K -- Equity Title Company
Mccloskey Robert K -- Equity Title Company
Mccloskey Robert K -- Equity Title Company
Mccloskey Robert K -- --
Mccloskey Robert K -- Equity Title Company
Mccloskey Robert K -- --
Mccloskey Robert K -- --
Mccloskey Robert K -- Guardian Title Company
Mccloskey Robert K -- Guardian Title Company
Mccloskey Robert K -- Guardian Title Company
Mccloskey Robert K -- --
Mccloskey Robert K -- First American Title Ins Co
Mccloskey Robert K $610,000 Stewart Title
Cremin Mary C $675,000 California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccloskey Robert K $250,000
Previous Owner Mccloskey Robert K $380,200
Previous Owner Mccloskey Robert K $384,000
Previous Owner Mccloskey Robert K $386,000
Previous Owner Mccloskey Robert K $390,000
Previous Owner Mccloskey Robert K $406,000
Previous Owner Mccloskey Robert K $406,700
Previous Owner Mccloskey Robert K $410,000
Previous Owner Cremin Mary C $506,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2015 03/11/15 Sold $2,775,000 -4.1% $1,062 / Sq Ft
03/01/2015 03/01/15 Pending -- -- --
01/14/2015 01/14/15 Price Changed $2,895,000 -3.1% $1,107 / Sq Ft
08/06/2014 08/06/14 Price Changed $2,989,000 -3.2% $1,143 / Sq Ft
06/18/2014 06/18/14 For Sale $3,089,000 -- $1,182 / 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 $34,798 $3,269,736 $2,787,473 $482,263
2023 $33,985 $3,205,624 $2,732,817 $472,807
2022 $33,423 $3,142,769 $2,679,232 $463,537
2021 $32,782 $3,081,147 $2,626,698 $454,449
2020 $32,467 $3,049,554 $2,599,764 $449,790
2019 $31,792 $2,989,759 $2,548,788 $440,971
2018 $31,158 $2,931,137 $2,498,812 $432,325
2017 $30,606 $2,873,664 $2,449,815 $423,849
2016 $29,917 $2,817,318 $2,401,779 $415,539
2015 $12,244 $1,127,449 $652,550 $474,899
2014 $11,882 $1,105,364 $639,767 $465,597
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14128064

California Regional Multiple Listing Service (CRMLS)

APN: 050-193-03