$5,450,000
SOLD FEB 24, 2022
4 Beds
3 Baths
3,576 Sq Ft
2,800 Sq Ft Lot

Recently Sold

$1,524 Per Sq Ft

2% Below List Price

2 Days on Market

Highlights

  • Beach Access
  • Peek-A-Boo Views
  • Fireplace in Primary Bedroom
  • Newport Elementary School Rated A
  • Cape Cod Architecture
  • Wood Flooring

About This Home

As of February 2022

Live, play and thrive in this chic, 3600 sq/ft, 4-bedroom (plus den) home, in the sought-after Newport Beach Peninsula Point community. This freshly remodeled beach hideaway melds classic Cape Cod design cues with a distinctly modern Southern California flair. Higher square footage homes like this one are rare on the Peninsulaand this home's open, airy floor plan is perfect for both an active family or a tranquil second home. Inside, ample natural light and impeccable amenities elevate the everyday, with touches including wide-plank wood floors, a freshly remodeled chef's kitchen, built-in appliances, wine fridge, custom built-in storage and whole-home water filtration & softening systems. Welcome family and friends with four light-filled bedrooms, dining room, outdoor courtyard, upstairs rec roomthen spend evenings with a glass of red on the third-floor roof deck while the sun sets over Corona Del Mar Bend. Retreat to your spacious primary suite, complete with vaulted & beamed ceilings, fireplace, luxurious on-suite bathroom and walk-in closet. With plenty of space for two cars, a golf cart, SUPs and bikes, the home's oversized garage keeps beach toys well organized and within reach. Located mere blocks from world-famous surf spot "The Wedge", Peninsula Point Racquet Club, a private bay, and just minutes away from the Balboa Ferry coastal California adventure is at your doorstep at 2217 Channel Road.

Last Agent to Sell the Property

Shannon Scavo

MAISONRE License #02127388 Listed on: 01/22/2022

Last Buyer's Agent

Carole Geronsin

BHHS CA Properties License #00604118

BHHS CA Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,902

Year Built

  • Built in 1956

Lot Details

  • 2,800 Sq Ft Lot
  • Lot Dimensions are 35x70
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 3,576 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Bar
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room
  • Dining Room
  • Den with Fireplace
  • Library
  • Bonus Room with Fireplace
  • Loft
  • Sun or Florida Room
  • Wood Flooring
  • Peek-A-Boo Views
  • Laundry Room

Kitchen

  • Breakfast Room
  • Walk-In Pantry
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • 3 Full Bathrooms

Outdoor Features

  • Beach Access
  • Enclosed Patio or Porch

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association
  • Billiard Room

Listing and Financial Details

  • Assessor Parcel Number 048-291-10

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,902

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cape Cod
  • Street Number Display: Yes
  • Living Area: 3576
  • Lot Acreage: 0.0643
  • Lot Dimensions: 35x70
  • Probate: No
  • Stories: 3
  • Year Built: 1956
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Bonus Room, Family Room, Master Bedroom, Den
  • Flooring: Hardwood
  • Bedrooms: 4
  • Fireplaces: 4
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Built-Ins, Garbage Disposal, Freezer, Dishwasher, Hood Fan, Ice Maker
  • Fireplace: Yes
  • Price Per S Q F T: 1559.00

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Peek-A-Boo
  • View: Yes

Garage/Parking

  • Parking Garage: Attached
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 048-291-10
  • Lot Location: Beach Access
  • Lot Size Area: 2800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2022
Closed on
Jan 31, 2022
Sold by
Sunshine Kenneth H & Lori Elizabeth
Bought by
James & Sofia Riley Living Trust
Seller's Agent
Shannon Scavo
MAISONRE
Buyer's Agent
Carole Geronsin
BHHS CA Properties
List Price
$5,575,000
Sold Price
$5,450,000
Premium/Discount to List
-$125,000
-2.24%
Current Estimated Value
$6,897,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,447,660
Avg. Annual Appreciation
6.25%
Original Mortgage
$3,815,000
Outstanding Balance
$3,576,008
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$3,183,290

Purchase Details

Listed on
Aug 23, 2021
Closed on
Sep 7, 2021
Sold by
Anderson Craig Stephen and Anderson Susan Lynn
Bought by
Sunshine Kenneth H and Sunshine Lori Elizabeth
Seller's Agent
Casey Lesher
Christie's International R.E. Southern California
Buyer's Agent
Shannon Scavo
MAISONRE
List Price
$5,200,000
Sold Price
$5,100,000
Premium/Discount to List
-$100,000
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.05%

Purchase Details

Closed on
Mar 25, 2014
Sold by
Anderson Craig S and Anderson Susan L
Bought by
The Anderson Family Trust

Purchase Details

Closed on
Oct 29, 1998
Sold by
Hughes Jack G and Hughes Jeanette L
Bought by
Anderson Craig S and Anderson Susan L

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
4.25%

Purchase Details

Closed on
Feb 1, 1996
Sold by
Home Svgs Of America
Bought by
Hughes Jack G and Hughes Jeanette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
7.14%

Purchase Details

Closed on
Dec 1, 1995
Sold by
Biesty James T and Biesty Julie A
Bought by
Home Svgs Of America

Purchase Details

Closed on
Nov 8, 1994
Sold by
Biesty James T and Biesty Julie A
Bought by
The Transaction Master Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,478
Interest Rate
8.91%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Grant Deed $5,450,000 Provident Title
Grant Deed $5,100,000 Chicago Title
Interfamily Deed Transfer -- None Available
Grant Deed $615,000 --
Grant Deed $390,000 California Counties Title Co
Trustee Deed $373,500 --
Grant Deed -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,815,000 New Conventional
Previous Owner $2,000,000 New Conventional
Previous Owner $371,000 New Conventional
Previous Owner $379,000 New Conventional
Previous Owner $390,000 New Conventional
Previous Owner $440,000 Unknown
Previous Owner $440,000 Unknown
Previous Owner $60,000 Credit Line Revolving
Previous Owner $400,000 No Value Available
Previous Owner $207,000 No Value Available
Previous Owner $12,478 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2022 02/24/22 Sold $5,450,000 -2.2% $1,524 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/22/2022 01/22/22 For Sale $5,575,000 +9.3% $1,559 / Sq Ft
09/30/2021 09/30/21 Sold $5,100,000 -1.9% $1,417 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $5,200,000 -- $1,444 / Sq Ft
Source: The MLS

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 $54,902 $5,283,991 $4,544,234 $739,757
2024 $54,902 $5,180,384 $4,455,132 $725,252
2023 $58,655 $5,559,000 $4,794,000 $765,000
2022 $54,009 $5,100,000 $4,448,879 $651,121
2021 $14,514 $1,351,896 $790,056 $561,840
2020 $14,374 $1,338,034 $781,954 $556,080
2019 $14,078 $1,311,799 $766,622 $545,177
2018 $13,797 $1,286,078 $751,590 $534,488
2017 $13,552 $1,260,861 $736,853 $524,008
2016 $13,248 $1,236,139 $722,405 $513,734
2015 $13,121 $1,217,572 $711,554 $506,018
2014 $12,811 $1,193,722 $697,616 $496,106
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-120883

The MLS

APN: 048-291-10