NOT LISTED FOR SALE

Estimated Value: $4,867,000 - $5,378,433

4 Beds
3 Baths
2,549 Sq Ft
$2,038/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $2,600,000 $1,020 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $29,818/month

101 Days on Market

Highlights

  • White Water Ocean Views
  • Cabana
  • Cape Cod Architecture
  • Newport Elementary School Rated A
  • Updated Kitchen
  • 1-minute walk to West Jetty View Park

About This Home

As of January 2018

Newly Reduced and perhaps the best buy on The Point. Located just steps from the sand and affording impressive views of the shore-break from the roof top terrace 2141 East Ocean Blvd is the quintessential beach retreat. With a charming Cape-Cod facade accented by a welcoming raised brick patio and Dutch-door entry the home’s interiors have been designed with carefree beach living in mind. The main living and entertaining spaces are accented by a cozy brick fireplace, hardwood floors and crown molding detail. The adjacent kitchen features stainless appliances, wine refrigeration, walk-in pantry and sunny breakfast nook. Conveniently there are two bedrooms and two full bathrooms on the first floor. The second level living area provides tremendous flexibility of use and is currently configured as a large master bedroom with fireplace, separate sitting room area with fireplace and peek-a-boo ocean view and additional guest bedroom. An oversized, tiered roof-top deck makes for wonderful outdoor entertaining and captures dramatic coastline and city light views. A cute enclosed “cabana” area with wet bar makes alfresco dining on the deck a breeze! Abundant storage, a walk-in cedar closet, oversized two car garage and separate laundry room complete this comfortable beach home located just steps from the Wedge in the charming seaside community of Balboa Peninsula Point.

Last Agent to Sell the Property

Tara Shapiro

Coldwell Banker Realty License #01892201 Listed on: 10/12/2017

Coldwell Banker Realty

Last Buyer's Agent

Matt Genova

Arbor Real Estate License #01949027

Arbor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,911

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 2,556 Sq Ft Lot
  • Landscaped

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Single Garage Door

Property Views

  • White Water Ocean
  • City Lights

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 2,549 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Recessed Lighting
  • Family Room with Fireplace
  • Living Room with Fireplace
  • L-Shaped Dining Room

Kitchen

  • Updated Kitchen
  • Dumbwaiter
  • Breakfast Area or Nook
  • Built-In Range
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Cabana
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Location

  • Urban Location

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Harbor High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 29 / E
  • Tax Tract Number 518
  • Assessor Parcel Number 04828211

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,911

Year Built

Built in 1952 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04828211
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2549.00 Square Feet
  • Interior Amenities: Crown Molding, Dumbwaiter, Granite Counters, Pantry, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Ell
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1020.01
  • Room Type: Laundry, Living Room, Main Floor Bedroom, Master Bedroom, Walk-In Closet
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Other Structures: Storage
  • View: City Lights, Ocean, Water, White Water
  • Patio And Porch Features: Cabana, Deck, Patio
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Dishwasher, Freezer, Microwave, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Schools

  • Elementary School: Newport
  • High School: Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: HARBOR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 2556.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: E
  • Tax Census Tract: 628.00
  • Tax Lot: 29
  • Tax Tract Number: 518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2017
Closed on
Jan 17, 2018
Sold by
Bonicatto John Michael
Bought by
Bonicatto Marianne
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Matt Genova
Arbor Real Estate
List Price
$2,875,000
Sold Price
$2,600,000
Premium/Discount to List
-$275,000
-9.57%
Current Estimated Value
$5,194,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,594,358
Avg. Annual Appreciation
9.35%

Purchase Details

Listed on
Oct 12, 2017
Closed on
Jan 3, 2018
Sold by
Magnolia 7490
Bought by
Bonicatto Marianne
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Matt Genova
Arbor Real Estate
List Price
$2,875,000
Sold Price
$2,600,000
Premium/Discount to List
-$275,000
-9.57%

Purchase Details

Listed on
Aug 31, 2015
Closed on
Jan 25, 2016
Sold by
Barker Richard H and Barker Pamela Ann R
Bought by
Magnolia 7490
Seller's Agent
JAMES JACKSON
Berkshire Hath Hm Svcs CA Prop
Buyer's Agent
Doug Wetton
DW Investments
List Price
$2,788,000
Sold Price
$2,500,000
Premium/Discount to List
-$288,000
-10.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.10%
Original Mortgage
$1,474,000
Interest Rate
3.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 2002
Sold by
Miller Simpson Betty A
Bought by
Barker Richard H and Barker Pamela Ann R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
5.88%

Purchase Details

Closed on
Oct 20, 1999
Sold by
Miller Simpson Betty A
Bought by
Miller Simpson Betty A and Betty A Miller Simpson Living Trust

Purchase Details

Closed on
Aug 23, 1999
Sold by
Simpson Ronald
Bought by
Miller Simpson Betty A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 1999
Sold by
Marsha Orlin
Bought by
Miller Simpson Betty A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Bonicatto Marianne -- Commonwealth Land Title
Bonicatto Marianne $2,600,000 Commonwealth Land Title
Magnolia 7490 $2,500,000 Landwood Title
Barker Richard H $1,180,000 Stewart Title
Miller Simpson Betty A -- --
Miller Simpson Betty A -- Fidelity National Title Co
Miller Simpson Betty A -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magnolia 7490 $1,474,000
Previous Owner Barker Richard H $760,000
Previous Owner Miller Simpson Betty A $604,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2018 01/31/18 Sold $2,600,000 -5.4% $1,020 / Sq Ft
01/21/2018 01/21/18 Pending -- -- --
12/12/2017 12/12/17 Price Changed $2,749,000 -4.4% $1,078 / Sq Ft
10/12/2017 10/12/17 For Sale $2,875,000 +15.0% $1,128 / Sq Ft
03/11/2016 03/11/16 Sold $2,500,000 -7.0% $1,042 / Sq Ft View Prior Sale
02/04/2016 02/04/16 Pending -- -- --
10/13/2015 10/13/15 Price Changed $2,688,000 -3.6% $1,120 / Sq Ft
08/31/2015 08/31/15 For Sale $2,788,000 0.0% $1,162 / Sq Ft
08/31/2015 08/31/15 Price Changed $2,788,000 -0.4% $1,162 / Sq Ft
06/05/2015 06/05/15 For Sale $2,800,000 -- $1,167 / 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 $30,911 $2,958,354 $2,756,522 $201,832
2024 $30,911 $2,900,348 $2,702,473 $197,875
2023 $30,188 $2,843,479 $2,649,483 $193,996
2022 $29,689 $2,787,725 $2,597,532 $190,193
2021 $29,120 $2,733,064 $2,546,600 $186,464
2020 $28,840 $2,705,040 $2,520,487 $184,553
2019 $28,241 $2,652,000 $2,471,065 $180,935
2018 $27,688 $2,601,000 $2,427,600 $173,400
2017 $27,198 $2,550,000 $2,380,000 $170,000
2016 $16,374 $1,534,012 $1,338,130 $195,882
2015 $16,219 $1,510,970 $1,318,030 $192,940
2014 $15,835 $1,481,373 $1,292,212 $189,161
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17234690

California Regional Multiple Listing Service (CRMLS)

APN: 048-282-11