Seller's Agent in 2018
Coleen Brennan
Engel & Völkers Newport Beach
(949) 275-2775
26 Total Sales
2172 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $7,254,000 - $10,213,820
4
Beds
3.5
Baths
3,350
Sq Ft
$2,467/Sq Ft
Est. Value
Highlights
- Beach Front
- White Water Ocean Views
- Deck
- Newport Elementary School Rated A
- Ocean Side of Highway 1
- 1-minute walk to West Jetty View Park
About This Home
As of October 2018Make your coastal living dreams come true with this spectacular oceanfront corner estate lot in Newport Beach at Peninsula Point that offers breathtaking surrounding views of the harbor, ocean, coastline and Catalina Island! You can enjoy the welcoming 3,300' retreat immediately while potentially designing your own compound that optimizes these amazing views & beach access. Wake up to breakfast by- the - sea and fall asleep to the soothing lull of the waves in this 4 bedroom retreat that includes upper level main living and entertaining area with endless water views from every vantage and a balcony for enjoying the ocean air. A secluded master bedroom completes the upstairs floor plan. The lower level offers a 2nd living area, including small kitchen and private access to the most notable beach in all of Southern California, featuring every body surfer's nirvana- the infamous Wedge. An oversized rooftop deck is the perfect spot to enjoy the picturesque vistas, watch magnificent yachts go by or gather with friends to sip cocktails during those crimson California sunsets. The secluded residential location of this exclusive section of the peninsula affords one of the least populated environs that marries California beachfront and bayside living. As it is with many prestigious properties , 2172 E Oceanfront has the potential to become a "named" compound establishing its reputation as a generational estate within the Newport Beach community.
Last Agent to Sell the Property
Engel & Völkers Newport Beach License #01003247 Listed on: 07/06/2018
Last Buyer's Agent
Engel & Völkers Newport Beach License #01003247 Listed on: 07/06/2018
Home Details
Home Type
- Single Family
Year Built
- Built in 1964
Lot Details
- 4,193 Sq Ft Lot
- Beach Front
- Corner Lot
Parking
- 3 Car Direct Access Garage
- Parking Available
- Three Garage Doors
- Driveway
Property Views
- White Water Ocean
- Coastline
- Bay
- Harbor
- Catalina
- Panoramic
- City Lights
- Bluff
- Hills
- Neighborhood
- Rock
Interior Spaces
- 3,350 Sq Ft Home
- Family Room with Fireplace
- Living Room with Fireplace
- Dining Room
- Eat-In Kitchen
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms | 3 Main Level Bedrooms
Outdoor Features
- Ocean Side of Highway 1
- Balcony
- Deck
- Patio
- Outdoor Fireplace
- Exterior Lighting
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 19
- Tax Tract Number 518
- Assessor Parcel Number 04828237
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2018
Closed on
Oct 7, 2018
Sold by
Parekh Mukesh K
Bought by
Skov Mclain Helle Elisabeth
Seller's Agent
Coleen Brennan
Engel & Völkers Newport Beach
Buyer's Agent
Coleen Brennan
Engel & Völkers Newport Beach
List Price
$9,788,888
Sold Price
$8,600,000
Premium/Discount to List
-$1,188,888
-12.15%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$334,727
Avg. Annual Appreciation
-0.55%
Purchase Details
Closed on
Sep 12, 2014
Sold by
Stewart Jennifer D
Bought by
Parekh Mukesh K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.09%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 10, 2004
Sold by
Mitchell Kenneth Richard
Bought by
Parekh Mukesh K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 2, 2004
Sold by
Mitchell Kenneth Richard and Reader Ellen Beate
Bought by
Mitchell Kenneth Richard and Reader Ellen Beate
Purchase Details
Closed on
Sep 20, 2001
Sold by
Mitchell Richard G
Bought by
First American Trust Fsb
Purchase Details
Closed on
May 3, 1997
Sold by
Mitchell Richard G
Bought by
Mitchell Richard G
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Skov Mclain Helle Elisabeth | $8,600,000 | Bnt Title Co | |
| Parekh Mukesh K | -- | None Available | |
| Parekh Mukesh K | -- | None Available | |
| Parekh Mukesh K | -- | Equity Title Company | |
| Mitchell Kenneth Richard | -- | -- | |
| Mitchell Kenneth Richard | -- | Old Republic Title Company | |
| Mitchell Kenneth Richard | -- | Old Republic Title Company | |
| First American Trust Fsb | -- | -- | |
| First American Trust Fsb | -- | -- | |
| Mitchell Richard G | -- | -- | |
| Mitchell Richard G | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Parekh Mukesh K | $2,000,000 | |
| Previous Owner | Parekh Mukesh K | $2,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/15/2018 10/15/18 | Sold | $8,600,000 | -12.1% | $2,567 / Sq Ft |
| 09/25/2018 09/25/18 | Pending | -- | -- | -- |
| 09/15/2018 09/15/18 | Price Changed | $9,788,885 | 0.0% | $2,922 / Sq Ft |
| 09/14/2018 09/14/18 | Price Changed | $9,788,886 | 0.0% | $2,922 / Sq Ft |
| 09/13/2018 09/13/18 | Price Changed | $9,788,887 | 0.0% | $2,922 / Sq Ft |
| 08/28/2018 08/28/18 | For Sale | $9,788,888 | 0.0% | $2,922 / Sq Ft |
| 07/26/2018 07/26/18 | Pending | -- | -- | -- |
| 07/06/2018 07/06/18 | For Sale | $9,788,888 | -- | $2,922 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $88,995 | $8,589,495 | $8,589,495 | -- |
| 2024 | $88,995 | $8,421,074 | $8,421,074 | -- |
| 2023 | $86,927 | $8,255,955 | $8,255,955 | $0 |
| 2022 | $85,499 | $8,094,074 | $8,094,074 | $0 |
| 2021 | $83,855 | $7,935,367 | $7,935,367 | $0 |
| 2020 | $92,716 | $8,772,000 | $7,854,000 | $918,000 |
| 2019 | $90,774 | $8,600,000 | $7,700,000 | $900,000 |
| 2018 | $56,163 | $5,310,669 | $5,032,590 | $278,079 |
| 2017 | $55,167 | $5,206,539 | $4,933,912 | $272,627 |
| 2016 | $53,922 | $5,104,450 | $4,837,168 | $267,282 |
| 2015 | $53,418 | $5,027,777 | $4,764,509 | $263,268 |
| 2014 | $52,158 | $4,929,290 | $4,671,179 | $258,111 |
Source: Public Records
Agents Affiliated with this Home
-
Coleen Brennan
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP18155600
APN: 048-282-37
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