221 Apolena Ave Newport Beach, CA 92662
Balboa Island NeighborhoodEstimated Value: $4,885,000 - $6,409,000
3
Beds
3.5
Baths
2,487
Sq Ft
$2,175/Sq Ft
Est. Value
Highlights
- Property has ocean access
- Home fronts a seawall
- Primary Bedroom Suite
- Abraham Lincoln Elementary School Rated A
- Fishing
- Ocean Side of Highway 1
About This Home
As of July 2023Balboa Island Custom Home. Iconic Ian Harrison designed 3 bedroom, 3.5 bath home features gracious open floor plan, oversized primary suite with vaulted ceiling and private patio, second floor flex room and third floor office with roof deck. Light and bright with lots of large, well-placed windows, interior private courtyard and spacious front patio, this meticulous home offers the classic island lifestyle.
A prime central location, this bright and beautiful turnkey home is move -in ready. The expansive main level has chef’s kitchen with walk-in lighted pantry, stainless steel appliances, subzero refrigerator and a center island with bar seating, a generous family room adjacent to the kitchen island and living and dining spaces that flow directly to two beautiful outdoor spaces. The second floor with a large primary suite opening to private deck, a second guest bedroom and bath, an open flex space, plus a two-room guest suite. Additional features include gorgeous hardwood floors throughout, a 2-car garage with epoxy floors, built in storage cabinets, covered golf cart parking, indoor laundry room, mirrored closet doors and a third floor room/office, and spacious roof deck with fantastic views of the island and Newport Beach.
Beach close with proximity to Marine Avenue's market, shopping and popular restaurants makes this the perfect choice for island living.
Last Agent to Sell the Property
Coldwell Banker Realty License #00990939 Listed on: 03/31/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $47,743
Year Built
- Built in 2004
Lot Details
- 2,550 Sq Ft Lot
- Lot Dimensions are 30 x 85
- Home fronts a seawall
- Home fronts navigable water
- East Facing Home
- Vinyl Fence
- Rectangular Lot
- Level Lot
- Drip System Landscaping
- Front Yard Sprinklers
Parking
- 2 Car Direct Access Garage
- Parking Available
- Side by Side Parking
- Single Garage Door
- Garage Door Opener
Property Views
- City Lights
- Neighborhood
Home Design
- Custom Home
- Turnkey
- Raised Foundation
- Slab Foundation
- Slate Roof
- Shingle Siding
Interior Spaces
- 2,487 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Wired For Sound
- Built-In Features
- Crown Molding
- High Ceiling
- Ceiling Fan
- Skylights
- Recessed Lighting
- Gas Fireplace
- Double Pane Windows
- Awning
- Plantation Shutters
- Window Screens
- French Doors
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room with Attached Deck
- Combination Dining and Living Room
- Storage
- Laundry Room
- Fire and Smoke Detector
- Attic
Kitchen
- Updated Kitchen
- Open to Family Room
- Breakfast Bar
- Walk-In Pantry
- Gas Range
- Range Hood
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
- Self-Closing Drawers and Cabinet Doors
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Retreat
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Mirrored Closets Doors
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Separate Shower
- Exhaust Fan In Bathroom
- Closet In Bathroom
Outdoor Features
- Property has ocean access
- Beach Access
- Ocean Side of Highway 1
- Balcony
- Enclosed patio or porch
- Fire Pit
- Exterior Lighting
- Rain Gutters
Schools
- Lincoln Elementary School
- Corona Del Mar Middle School
- Corona Del Mar High School
Utilities
- Forced Air Heating and Cooling System
- Water Heater
- Water Softener
Listing and Financial Details
- Legal Lot and Block 27 / 7
- Tax Tract Number 101
- Assessor Parcel Number 05012221
- $369 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Balboa Island Main Island Subdivision
Recreation
- Fishing
- Park
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 6, 2013
Sold by
Brewer John V
Bought by
Brewer John V and Brewer Beverly L
Total Days on Market
60
Current Estimated Value
Purchase Details
Closed on
Feb 22, 2008
Sold by
Chandler Mark and Chandler Rebecca L
Bought by
Brewer John V and John V Brewer Revocable Trust
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
5.81%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Apr 16, 2007
Sold by
Chandler Mark
Bought by
Chandler Mark and Chandler Rebecca L
Purchase Details
Closed on
Aug 2, 2006
Sold by
Chandler Rebecca
Bought by
Chandler Mark
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
7.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 12, 2006
Sold by
Rustigian Dennis G and Rustigian Roslyn M
Bought by
Chandler Mark
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
7.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 17, 2005
Sold by
Hayden Jack N
Bought by
Rustigian Dennis G and Rustigian Roslyn M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,856,250
Interest Rate
4.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 11, 2004
Sold by
Palazzola John L and Palazzola Maria
Bought by
Hayden Jack N and Hayden Revocable Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 13, 2002
Sold by
Lerner Marie W
Bought by
Palazzola John L and Palazzola Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$717,500
Interest Rate
6.12%
Purchase Details
Closed on
May 14, 2002
Sold by
Lerner Marie W
Bought by
Lerner Marie W and The Marie W Lerner Revocable Trust
Similar Homes in the area
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 |
|---|---|---|---|
| Brewer John V | -- | None Available | |
| Brewer John V | -- | Equity Title Orange County-I | |
| Chandler Mark | -- | None Available | |
| Chandler Mark | -- | First American Title Co | |
| Chandler Mark | $3,125,000 | First American Title Co | |
| Rustigian Dennis G | $2,475,000 | Chicago Title Co | |
| Hayden Jack N | $2,200,000 | Chicago Title Company | |
| Palazzola John L | $1,025,000 | Lawyers Title Company | |
| Lerner Marie W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Brewer John | $417,000 | |
| Closed | Brewer John | $1,000,000 | |
| Previous Owner | Chandler Mark | $2,000,000 | |
| Previous Owner | Rustigian Dennis G | $1,856,250 | |
| Previous Owner | Hayden Jack N | $400,000 | |
| Previous Owner | Palazolla John L | $1,317,000 | |
| Previous Owner | Palazzola John L | $1,300,000 | |
| Previous Owner | Palazzola John L | $717,500 | |
| Previous Owner | Lerner Marie W | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2023 07/03/23 | Sold | $4,500,000 | -3.7% | $1,809 / Sq Ft |
| 04/24/2023 04/24/23 | Price Changed | $4,675,000 | -5.1% | $1,880 / Sq Ft |
| 03/31/2023 03/31/23 | For Sale | $4,925,000 | -- | $1,980 / 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 |
|---|---|---|---|---|
| 2024 | $47,743 | $4,500,000 | $3,968,822 | $531,178 |
| 2023 | $36,703 | $3,471,912 | $2,899,823 | $572,089 |
| 2022 | $36,095 | $3,403,836 | $2,842,964 | $560,872 |
| 2021 | $35,401 | $3,337,095 | $2,787,220 | $549,875 |
| 2020 | $35,061 | $3,302,878 | $2,758,641 | $544,237 |
| 2019 | $34,330 | $3,238,116 | $2,704,550 | $533,566 |
| 2018 | $33,643 | $3,174,624 | $2,651,520 | $523,104 |
| 2017 | $33,046 | $3,112,377 | $2,599,529 | $512,848 |
| 2016 | $32,300 | $3,051,350 | $2,548,557 | $502,793 |
| 2015 | $31,996 | $3,005,516 | $2,510,275 | $495,241 |
| 2014 | $31,240 | $2,946,643 | $2,461,103 | $485,540 |
Source: Public Records
Agents Affiliated with this Home
-
Georgie Fenton
Seller's Agent in 2023
Georgie Fenton
Coldwell Banker Realty
(208) 720-6203
22 in this area
25 Total Sales
-
Mary Baldoni
M
Seller Co-Listing Agent in 2023
Mary Baldoni
Coldwell Banker Realty
(949) 644-1600
3 in this area
6 Total Sales
-
Steve Roose
Buyer's Agent in 2023
Steve Roose
Luxury Real Estate
(949) 375-4430
10 in this area
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23043744
APN: 050-122-21
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