NOT LISTED FOR SALE

Estimated Value: $6,102,000 - $11,084,705

4 Beds
3 Baths
2,953 Sq Ft
$2,769/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $8,150,000 $2,760 Per Sq Ft

Current estimated payment $51,822/month

17 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Two Primary Bedrooms
  • Newport Elementary School Rated A
  • Property has ocean access
  • 1-minute walk to West Jetty View Park

About This Home

As of April 2018

REDUCED * LOCATION, LOCATION, LOCATION! This ocean front home sits on a over-sized 4185 sf. lot with 45' of frontage at the finest location on prestigious Peninsula Point where there are no boardwalks! The home features panoramic views of the Pacific Ocean, Catalina Island, Corona Del Mar beach and caves, the majestic rock jetty at The Wedge, plus the Newport Harbor entrance with breathtaking bay views! The true value of this prime ocean front property is in the land! This is a once in a lifetime opportunity to seize what is arguably one of the finest ocean front locations in all of Newport Beach! Take advantage of this rare and amazing location to custom build your very own Dream Home! Rebuild utilizing the entire lot such as the driveway and the entire courtyard and porch to maximize your Dream Home's square footage! "Why live someone else's dream, when you can build your own?"

Last Agent to Sell the Property

JEFFREY FISHER

PACIFIC REALTY CENTER License #01290877 Listed on: 03/08/2018

Last Buyer's Agent

Coleen Brennan

Engel & Völkers Newport Beach License #01003247

Engel & Völkers Newport Beach

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1964

Lot Details

  • 4,185 Sq Ft Lot
  • Lot Dimensions are 45'x91'x45'x94'
  • Beach Front
  • Property fronts an alley
  • Cul-De-Sac
  • Block Wall Fence
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Lawn
  • Front Yard
  • Value in Land

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Driveway

Property Views

  • White Water Ocean
  • Coastline
  • Bay
  • Harbor
  • Catalina
  • Panoramic

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Flat Roof Shape
  • Slab Foundation
  • Wood Product Walls
  • Tar and Gravel Roof
  • Stucco

Interior Spaces

  • 2,953 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Cathedral Ceiling
  • Double Pane Windows
  • Plantation Shutters
  • Blinds
  • Sliding Doors
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Storage
  • Laundry Room
  • Alarm System

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Brick
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Double Master Bedroom
  • Tile Bathroom Countertop
  • Bathtub with Shower
  • Walk-in Shower

Outdoor Features

  • Property has ocean access
  • Balcony
  • Deck
  • Open Patio
  • Front Porch

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 18 / E
  • Tax Tract Number 518
  • Assessor Parcel Number 04828238

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Amenities

  • Laundry Facilities
  • Service Entrance

Home Details

Home Type

Single Family

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Security System, Wired for Alarm System
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Zoning: R-1
  • Architectural Style: Traditional
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04828238
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2953.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Storage, Tile Counters, Wood Product Walls
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Brick, Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Service Entrance, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2759.91
  • Room Type: Entry, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Two Masters
  • Window Features: Blinds, Double Pane Windows, Plantation Shutters
  • Bathroom Features: Shower, Shower In Tub, Tile Counters
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Bay, Catalina, Coastline, Harbor, Ocean, Panoramic, Water, White Water
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Concrete, Deck, Patio Open, Front Porch
  • Pool Private: No
  • Roof: Flat, Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Landscaped, Lawn, Level, Sprinkler System, Value In Land
  • Lot Size: 45'x91'x45'x94'
  • Lot Size Sq Ft: 4185.00
  • Lot Size Acres: 0.0961
  • Latitude Manual: 33.59535300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4185.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Block: E
  • Tax Lot: 18
  • Tax Tract Number: 518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2018
Closed on
Apr 4, 2018
Sold by
Fisher Harry and Fisher Rosetta
Bought by
Mclain Helle Elisabeth Skov
Seller's Agent
JEFFREY FISHER
PACIFIC REALTY CENTER
Buyer's Agent
Coleen Brennan
Engel & Völkers Newport Beach
List Price
$9,650,000
Sold Price
$8,150,000
Premium/Discount to List
-$1,500,000
-15.54%
Current Estimated Value
$8,176,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,902
Avg. Annual Appreciation
0.04%

Purchase Details

Closed on
Jul 28, 2007
Sold by
Fisher Harry and Fisher Rosetta
Bought by
Fisher Harry and Fisher Rosetta
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mclain Helle Elisabeth Skov $8,150,000 Bnt Title Co Of California
Fisher Harry -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2018 04/27/18 Sold $8,150,000 -7.4% $2,760 / Sq Ft
03/25/2018 03/25/18 Pending -- -- --
03/14/2018 03/14/18 Price Changed $8,800,000 -8.8% $2,980 / Sq Ft
03/08/2018 03/08/18 For Sale $9,650,000 -- $3,268 / 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 $108,776 $10,506,481 $9,083,352 $1,423,129
2024 $108,776 $10,300,472 $8,905,247 $1,395,225
2023 $106,243 $10,098,502 $8,730,634 $1,367,868
2022 $101,256 $9,592,189 $8,559,445 $1,032,744
2021 $92,234 $8,731,817 $8,391,613 $340,204
2020 $87,805 $8,305,568 $8,305,568 $0
2019 $87,756 $8,313,000 $8,142,714 $170,286
2018 $15,456 $1,443,944 $1,244,890 $199,054
2017 $15,182 $1,415,632 $1,220,481 $195,151
2016 $14,840 $1,387,875 $1,196,550 $191,325
2015 $14,699 $1,367,028 $1,178,576 $188,452
2014 $14,351 $1,340,250 $1,155,489 $184,761
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18050495

California Regional Multiple Listing Service (CRMLS)

APN: 048-282-38