NOT LISTED FOR SALE

Estimated Value: $4,580,541 - $6,883,000

3 Beds
3.5 Baths
2,614 Sq Ft
$2,154/Sq Ft Est. Value

Last Sold March 11, 2015

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

Est. 103% increase in value since last sale

Current estimated payment $33,519/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%
Current Estimated Value
$5,630,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,855,385
Avg. Annual Appreciation
6.57%

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

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
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
2025 $34,798 $3,335,130 $2,843,222 $491,908
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14128064

California Regional Multiple Listing Service (CRMLS)

APN: 050-193-03