NOT LISTED FOR SALE

Estimated Value: $3,391,000 - $4,608,791

4 Beds
3.5 Baths
2,572 Sq Ft
$1,576/Sq Ft Est. Value

Last Sold May 19, 2014

Last sale price $1,880,000 $731 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $24,367/month

8 Days on Market

Highlights

  • Beach Access
  • Cape Cod Architecture
  • Den
  • Abraham Lincoln Elementary School Rated A
  • No HOA
  • 3-minute walk to Balboa Island Park

About This Home

As of May 2014

Beautiful Balboa Island Cape Cod style duplex located on the sunny side of the street near the North Bayfront. At approximately 2572 square feet, not including garage, these units are considerably larger than could be built today. The main home (front unit) includes 3 bedrooms+2.5 baths, central air conditioning, an office/den area on first floor, kitchen with granite counters, dining room, living room with high ceilings and a cozy fireplace. All three bedrooms including the large master suite are on the second floor along with a convenient second floor laundry area. There is a large sunny front patio as well as a private side patio. The rear unit includes a bedroom and bath, beamed ceilings in the living room, kitchen with breakfast bar and eating area and outdoor patio. Each unit has its own separate 1-car garage. The front unit is currently rented at $3250/mo and the rear unit is $1350/mo.

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 03/16/2014

Last Buyer's Agent

Jacqueline Ruby

Coldwell Banker Realty License #01183733

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,384

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 30 x 85
  • Property fronts an alley

Parking

  • 2 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Composition Roof

Interior Spaces

  • 2,572 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Awning
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Carpet
  • Fire and Smoke Detector
  • Breakfast Bar

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Beach Access
  • Brick Porch or Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 33 / 10
  • Tax Tract Number 99
  • Assessor Parcel Number 05007238

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,384

Year Built

Built in 1971 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Fire and Smoke Detection System
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: No
  • Architectural Style: Cape Cod
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05007238
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2572.00
  • Interior Amenities: Built-in Features, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: 2+ Access Exits
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 730.95
  • Room Type: All Bedrooms Up, Den, Living Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Awning(s), Lighting
  • Patio And Porch Features: Brick
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Heating Type: Forced Air
  • Laundry Features: Common Area, In Garage
  • Sewer: Sewer Paid
  • 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

  • Lot Size: 30 x 85
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Waterfront Features: Beach Access

Tax Info

  • Tax Block: 10
  • Tax Lot: 33
  • Tax Tract Number: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2004
Sold by
Weems Denise L
Bought by
Dreher James H and Brennan Tracy A
Current Estimated Value
$4,053,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2004
Sold by
Weems Denise L
Bought by
Weems Denise L
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
Dreher James H $1,485,000 Orange Coast Title Company
Weems Denise L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hillman Karen U $1,207,000
Closed Hillman Karen U $200,000
Closed Hillman Karen U $1,000,000
Previous Owner Dreher James H $1,000,000
Closed Dreher James H $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2014 08/19/14 Off Market $1,880,000 -- --
05/19/2014 05/19/14 Sold $1,880,000 -0.8% $731 / Sq Ft
03/24/2014 03/24/14 Pending -- -- --
03/16/2014 03/16/14 For Sale $1,895,000 -- $737 / 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 $27,384 $2,609,189 $2,104,378 $504,811
2024 $27,384 $2,558,029 $2,063,116 $494,913
2023 $26,740 $2,507,872 $2,022,663 $485,209
2022 $26,294 $2,458,699 $1,983,003 $475,696
2021 $25,789 $2,410,490 $1,944,121 $466,369
2020 $25,614 $2,385,774 $1,924,187 $461,587
2019 $24,451 $2,278,560 $1,886,458 $392,102
2018 $23,298 $2,170,470 $1,849,468 $321,002
2017 $21,395 $1,985,740 $1,813,204 $172,536
2016 $20,916 $1,946,804 $1,777,651 $169,153
2015 $20,719 $1,917,562 $1,750,949 $166,613
2014 $18,218 $1,688,577 $1,509,876 $178,701
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14053780

California Regional Multiple Listing Service (CRMLS)

APN: 050-072-38