2123 E Balboa Blvd Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
2
Beds
1
Bath
740
Sq Ft
2,614
Sq Ft Lot
Highlights
- Ocean View
- Great Room
- 4-minute walk to West Jetty View Park
- Newport Elementary School Rated A
- No HOA
About This Home
As of September 2019This is sold as a tear-down, as is, highest best use. It currently shares utilities with the residence next door, so will need new utility meters, however, utilities are within feet of future meters, so should be no problem to connect. It is a two level unit, essentially storage and utility rooms downstairs washer/dryer downstairs, with living quarters, beds, living, kitchen and bathroom upstairs with full harbor and beach views.
The site has frontal access and rear access from the alley. Buyer will need to construct access to upstairs unit on the premises, or will most likely will tear down and rebuild on this beautiful water and harbor view lot. Buyer to confirm all data with City of Newport Beach.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $72,315
Year Built
- Built in 1947
Lot Details
- No Common Walls
- Density is up to 1 Unit/Acre
Property Views
- Ocean
- Marina
- Bay
- Harbor
- Views of a pier
- Panoramic
Home Design
- Studio
Interior Spaces
- 740 Sq Ft Home
- 2-Story Property
- Great Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- No Utilities
- Water Not Available
- Septic Type Unknown
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 06
- Tax Tract Number 48
- Assessor Parcel Number 04830206
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2019
Closed on
Sep 24, 2019
Sold by
Cefalia James John and Cefalia Cathy Lynn
Bought by
Mallinger Joseph P and Mallinger Samira N
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$6,375,000
Sold Price
$6,375,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,077,011
Avg. Annual Appreciation
2.84%
Purchase Details
Listed on
Apr 11, 2017
Closed on
Jun 6, 2017
Sold by
Silverman Louis and Collins Debroah
Bought by
Cefalia James John and Cefalia Cathy Lynn
Seller's Agent
Greg Morse
Websco Brokerage
Buyer's Agent
Angela Caliger
Surterre Properties Inc.
List Price
$2,600,000
Sold Price
$2,600,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.77%
Original Mortgage
$1,360,561
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Apr 11, 2017
Closed on
Apr 19, 2017
Sold by
Thompson Charles M
Bought by
Silverman Louis and Collins Debbie
Seller's Agent
Greg Morse
Websco Brokerage
Buyer's Agent
Angela Caliger
Surterre Properties Inc.
List Price
$2,600,000
Sold Price
$2,600,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,360,561
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 8, 2017
Sold by
Thompson Joe P and Thompson Debra K
Bought by
Thompson Cahrles M
Purchase Details
Closed on
Oct 16, 2007
Sold by
Thompson Charles M
Bought by
Thompson Charles M and The Charles M Thompson Trust
Purchase Details
Closed on
Sep 28, 2007
Sold by
Thompson Joe P and Thompson Debra K
Bought by
Thompson Joe P and Thompson Debra K
Purchase Details
Closed on
Jun 18, 2007
Sold by
Thompson Robbie Rae and Thompson Joseph Pardo
Bought by
Thompson Charles M and Thompson Joe P
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $6,375,000 | Fidelity Natl Ttl Orange Cnt | |
| Grant Deed | $3,000,000 | Chicago Title Co | |
| Grant Deed | $2,600,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,000,000 | New Conventional | |
| Previous Owner | $1,360,561 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/26/2019 09/26/19 | Sold | $6,375,000 | 0.0% | $2,073 / Sq Ft |
| 09/01/2019 09/01/19 | Pending | -- | -- | -- |
| 09/01/2019 09/01/19 | For Sale | $6,375,000 | +112.5% | $2,073 / Sq Ft |
| 08/31/2017 08/31/17 | Sold | $3,000,000 | -10.4% | $4,054 / Sq Ft |
| 06/19/2017 06/19/17 | For Sale | $3,350,000 | 0.0% | $4,527 / Sq Ft |
| 05/23/2017 05/23/17 | Pending | -- | -- | -- |
| 05/23/2017 05/23/17 | For Sale | $3,350,000 | +28.8% | $4,527 / Sq Ft |
| 05/11/2017 05/11/17 | Sold | $2,600,000 | 0.0% | $3,514 / Sq Ft |
| 04/13/2017 04/13/17 | Pending | -- | -- | -- |
| 04/11/2017 04/11/17 | For Sale | $2,600,000 | -- | $3,514 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $72,315 | $6,835,287 | $5,792,794 | $1,042,493 |
| 2023 | $70,629 | $6,701,262 | $5,679,210 | $1,022,052 |
| 2022 | $69,468 | $6,569,865 | $5,567,853 | $1,002,012 |
| 2021 | $68,132 | $6,441,045 | $5,458,680 | $982,365 |
| 2020 | $67,479 | $6,375,000 | $5,402,707 | $972,293 |
| 2019 | $35,788 | $3,369,884 | $3,038,236 | $331,648 |
| 2018 | $31,881 | $3,000,000 | $2,978,663 | $21,337 |
| 2017 | $1,614 | $119,953 | $103,510 | $16,443 |
| 2016 | $1,582 | $117,601 | $101,480 | $16,121 |
| 2015 | $1,564 | $115,835 | $99,956 | $15,879 |
| 2014 | $1,528 | $113,566 | $97,998 | $15,568 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2019
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
54 in this area
128 Total Sales
-
Seller's Agent in 2017
Angela Caliger
Surterre Properties Inc.
(714) 396-1886
4 in this area
110 Total Sales
-
G
Seller's Agent in 2017
Greg Morse
Websco Brokerage
(800) 622-9444
3 Total Sales
-
Buyer's Agent in 2017
Carter Kaufman
Compass
(949) 734-6500
3 in this area
162 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17018395
APN: 048-302-06
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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