NOT LISTED FOR SALE

214 Collins Ave Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $3,380,000 - $4,899,000

3 Beds
2 Baths
1,545 Sq Ft
$2,756/Sq Ft Est. Value

Last Sold April 02, 2019

Last sale price $1,750,000 $1,133 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $24,010/month

41 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Abraham Lincoln Elementary School Rated A
  • Rectangular Lot
  • 4-minute walk to Balboa Island Park

About This Home

As of April 2019

Outstanding development opportunity in a wonderful Heart-of-the-Island location. Situated on the sunny side of a wide and bright street on a full-sized Island lot, this original cottage is primed for creativity and vision. The current structure is a 3-bedroom, 2-bath home that includes many vintage details and could be an appealing remodel opportunity as well.

Last Agent to Sell the Property

Ryan Gunderson

Arbor Real Estate License #01869795 Listed on: 01/15/2019

Arbor Real Estate

Last Buyer's Agent

Mahan Jalilian

Pacific Sotheby's Int'l Realty License #01923234

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,256

Year Built

  • Built in 1947

Lot Details

  • 2,550 Sq Ft Lot
  • Rectangular Lot

Interior Spaces

  • 1,545 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 100
  • Assessor Parcel Number 05009107

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,256

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05009107
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1545.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1132.69
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0585

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 630.06
  • Tax Lot: 11
  • Tax Tract Number: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2021
Sold by
Magnum Property Investments Llc
Bought by
Mckay Michael W and Mckay Joleen A
Current Estimated Value
$4,258,533

Purchase Details

Listed on
Jan 15, 2019
Closed on
Feb 25, 2019
Sold by
Brant Christine E
Bought by
Magnum Property Investments Llc
Seller's Agent
Ryan Gunderson
Arbor Real Estate
Buyer's Agent
Mahan Jalilian
Pacific Sotheby's Int'l Realty
List Price
$1,895,000
Sold Price
$1,750,000
Premium/Discount to List
-$145,000
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.59%
Original Mortgage
$147,500,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 1994
Sold by
Grorud Betsy J
Bought by
Grorud Betsy J
Source: Public Records

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
Mckay Michael W $3,300,000 Fidelity National Title Co
Magnum Property Investments Llc $1,750,000 Ticor Ttl Orange Cnty Branch
Grorud Betsy J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckay Michael W $1,500,000
Previous Owner Magnum Property Investments Llc $147,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2019 04/02/19 Sold $1,750,000 0.0% $1,133 / Sq Ft
02/25/2019 02/25/19 Pending -- -- --
02/15/2019 02/15/19 Price Changed $1,750,000 -7.7% $1,133 / Sq Ft
01/15/2019 01/15/19 For Sale $1,895,000 -- $1,227 / 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 $18,256 $1,480,728 $1,178,381 $302,347
2024 $18,256 $1,451,695 $1,155,276 $296,419
2023 $17,784 $1,423,231 $1,132,624 $290,607
2022 $37,053 $3,487,880 $3,021,787 $466,093
2021 $21,619 $2,020,188 $1,741,975 $278,213
2020 $18,513 $1,724,114 $1,724,114 $0
2019 $1,793 $136,252 $107,692 $28,560
2018 $1,686 $133,581 $105,581 $28,000
2017 $1,656 $130,962 $103,511 $27,451
2016 $1,621 $128,395 $101,482 $26,913
2015 $1,603 $126,467 $99,958 $26,509
2014 $1,564 $123,990 $98,000 $25,990
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Ryan Gunderson

    Arbor Real Estate

    (949) 673-3444

    70 in this area

    107 Total Sales

    Ryan Gunderson
    Section Image

  • M

    Buyer's Agent in 2019

    Mahan Jalilian

    Pacific Sothebys

    Section Image
  • Linda Chan

    Buyer Co-Listing Agent in 2019

    Linda Chan

    HomeSmart Evergreen Realty

    (949) 753-7888

    23 Total Sales

    Linda Chan
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19010895

California Regional Multiple Listing Service (CRMLS)

APN: 050-091-07

California Orange County Newport Beach 92662 Balboa Island

214 Collins Ave, Newport Beach, CA

This home is located at 214 Collins Ave, Newport Beach, CA 92662 since 15 January 2019 and is currently estimated at $4,258,533, approximately $2,756 per square foot. This property was built in 1947. 214 Collins Ave is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and German School Campus.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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

Nearby Homes