$3,785,685
SOLD NOV 15, 2024
3 Beds
3 Baths
1,426 Sq Ft
2,450 Sq Ft Lot

Recently Sold

$2,655 Per Sq Ft

5% Below List Price

25 Days on Market

Highlights

  • Updated Kitchen
  • No HOA
  • Beamed Ceilings
  • Newport Elementary School Rated A
  • Cottage
  • 2-minute walk to West Jetty View Park

About This Home

As of November 2024

The complete renovation of this charming beach cottage on Peninsula Point showcases its inherent character and style. With three bedrooms and three bathrooms, this home offers ample space for comfortable living. The upstairs primary suite is comprised of a spacious bedroom, closet and private balcony, where you can unwind while listening to the soothing sounds of the ocean. An additional office downstairs provides versatility for work or leisure. The new high-end appliances and wood floors add a touch of luxury, while the open kitchen with high ceilings serves as the heart of the house, perfect for entertaining. An outdoor fire pit at the entry offers a cozy spot for outdoor gatherings. A Life Source water filtration system ensures clean and refreshing water throughout the home at all times. Enjoy this prized community featuring Newport's best beaches and the stunning harbor right at your doorstep.

Last Agent to Sell the Property

Matilda Lumpkin

Arbor Real Estate Brokerage Phone: 949-375-4500 License #02121578 Listed on: 09/19/2024

Arbor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,268

Year Built

  • Built in 1951

Lot Details

  • 2,450 Sq Ft Lot
  • Rectangular Lot

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Cottage

Interior Spaces

  • 1,426 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Living Room with Fireplace

Kitchen

  • Updated Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Listing and Financial Details

  • Legal Lot and Block 28 / F
  • Tax Tract Number 518
  • Assessor Parcel Number 04828131
  • $380 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,268

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: No
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04828131
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1426.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Built-in Features
  • Stories: 2
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2654.76
  • Room Type: Kitchen, Living Room
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Front Porch
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: In Garage
  • 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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2450.00
  • Lot Size Acres: 0.0562

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2450.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: F
  • Tax Census Tract: 628.00
  • Tax Lot: 28
  • Tax Tract Number: 518
  • TaxOtherAnnualAssessmentAmount: 380.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 31, 2024
Sold by
Silvers Matilda Ann
Bought by
Silvers Andrew
Seller's Agent
Matilda Lumpkin
Arbor Real Estate
List Price
$3,995,000
Sold Price
$3,785,685
Premium/Discount to List
-$209,315
-5.24%
Views
24
Current Estimated Value
$3,905,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,225
Avg. Annual Appreciation
0.40%

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 21, 2024
Sold by
Silvers Family Trust and Silvers Andrew
Bought by
Michael A Morris And Ann Marie Morris Living and Morris
Seller's Agent
Matilda Lumpkin
Arbor Real Estate
List Price
$3,995,000
Sold Price
$3,785,685
Premium/Discount to List
-$209,315
-5.24%
Views
24

Purchase Details

Closed on
Nov 18, 2022
Sold by
Silvers Family Trust
Bought by
Silvers Family Trust

Purchase Details

Listed on
Jan 15, 2020
Closed on
Jan 22, 2020
Sold by
Pomo Diane K and Pomo Family Bypass Trust
Bought by
Silvers Craig S and Silvers Arlene M
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$2,395,000
Sold Price
$2,300,000
Premium/Discount to List
-$95,000
-3.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.58%
Original Mortgage
$1,725,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2015
Sold by
Barackman Diane K
Bought by
Pomo Diane K and Pomo Family Bypass Trust

Purchase Details

Closed on
Nov 5, 1997
Sold by
Pomo Vivian C
Bought by
Pomo Vibiana C and Pomo Vivian Caroline
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Wfg National Title
Grant Deed -- Wfg National Title
Grant Deed $3,786,000 Wfg National Title
Grant Deed $3,786,000 Wfg National Title
Grant Deed -- --
Grant Deed $2,300,000 First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,725,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $3,785,685 -5.2% $2,655 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $3,995,000 +73.7% $2,802 / Sq Ft
02/18/2020 02/18/20 Sold $2,300,000 -4.0% $1,716 / Sq Ft
01/21/2020 01/21/20 Pending -- -- --
01/15/2020 01/15/20 For Sale $2,395,000 0.0% $1,787 / Sq Ft
02/03/2014 02/03/14 Rented $4,200 0.0% --
02/03/2014 02/03/14 For Rent $4,200 -- --
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 $26,268 $3,785,685 $3,697,051 $88,634
2024 $26,268 $2,466,064 $2,393,253 $72,811
2023 $25,652 $2,417,710 $2,346,326 $71,384
2022 $25,225 $2,370,304 $2,300,319 $69,985
2021 $24,740 $2,323,828 $2,255,215 $68,613
2020 $1,861 $142,527 $67,261 $75,266
2019 $1,829 $139,733 $65,942 $73,791
2018 $1,796 $136,994 $64,649 $72,345
2017 $1,765 $134,308 $63,381 $70,927
2016 $1,729 $131,675 $62,138 $69,537
2015 $1,711 $129,698 $61,205 $68,493
2014 $1,671 $127,158 $60,006 $67,152
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24194392

California Regional Multiple Listing Service (CRMLS)

APN: 048-281-31