NOT LISTED FOR SALE

224 1/2 Garnet Ave Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $4,050,000 - $5,260,000

1 Bed
1 Bath
589 Sq Ft
$7,704/Sq Ft Est. Value

Last Sold November 06, 2017

Last sale price $1,008,500 $1,712 Per Sq Ft

Est. 350% increase in value since last sale

Current estimated payment $25,285/month

19 Days on Market

Highlights

  • Bay View
  • No HOA
  • 3-minute walk to Balboa Island Park
  • Abraham Lincoln Elementary School Rated A
  • 1-Story Property

About This Home

As of November 2017

Best buy on Balboa Island at a price not seen in years and just one house from the Bay! This cozy home on an irregular lot has a surprisingly comfortable set-up with a living room, kitchen, bedroom and bath on the 2nd level and a garage, small parking space, and workshop area on the first level; even some peek-a-boo Bay views. 224.5 Garnet is directly across the alley and behind 305 North Bayfront, which is also currently for sale and it would make an excellent carriage/guest house for 305 North Bayfront. The sale is subject to Court Approval and Overbid and the home will be sold "AS IS."

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 07/06/2017

Last Buyer's Agent

Outside Agent

Newport Beach Assoc of Realto License #000000000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,444

Year Built

  • Built in 1965

Lot Details

  • 880 Sq Ft Lot
  • Irregular Lot
  • Property is zoned R1.5

Parking

  • 2 Car Garage

Property Views

  • Bay
  • Peek-A-Boo
  • Neighborhood

Interior Spaces

  • 589 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • All Upper Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • Exterior Lighting
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 99
  • Assessor Parcel Number 05003206

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,444

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Zoning: R1.5
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05003206
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 589.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One, Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1712.22
  • Room Type: All Bedrooms Up

Exterior Features

  • View: Bay, Neighborhood, Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Lot Size Sq Ft: 880.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 630.06
  • Tax Lot: 34
  • Tax Tract Number: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 1998
Sold by
Hall Edward J and Hall Mary C
Bought by
Hall Edward J and Hall Mary C
Total Days on Market
19
Current Estimated Value
$4,537,602

Purchase Details

Closed on
Jun 23, 1995
Sold by
Logan Michael J and Logan Mary F
Bought by
Cremin Mary C and Hall Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.83%
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
Hall Edward J -- --
Hall Edward J -- --
Cremin Mary C $655,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cremin Mary C $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2017 11/06/17 Sold $1,008,500 +12.7% $1,712 / Sq Ft
07/25/2017 07/25/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $895,000 -- $1,520 / 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
2024 $14,444 $1,342,352 $969,874 $372,478
2023 $14,103 $1,316,032 $950,857 $365,175
2022 $13,865 $1,290,228 $932,213 $358,015
2021 $13,599 $1,264,930 $913,934 $350,996
2020 $13,468 $1,251,960 $904,563 $347,397
2019 $13,191 $1,227,412 $886,826 $340,586
2018 $12,928 $1,203,346 $869,438 $333,908
2017 $12,698 $1,179,751 $852,390 $327,361
2016 $12,413 $1,156,619 $835,676 $320,943
2015 $12,294 $1,139,246 $823,123 $316,123
2014 $12,004 $1,116,930 $806,999 $309,931
Source: Public Records

Agents Affiliated with this Home

  • Don Abrams

    Seller's Agent in 2017

    Don Abrams

    Abrams Coastal Properties

    (714) 325-9055

    68 in this area

    95 Total Sales

    Don Abrams
    Section Image

  • O

    Buyer's Agent in 2017

    Outside Agent

    CRMLS

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17145979

California Regional Multiple Listing Service (CRMLS)

APN: 050-032-07

California Orange County Newport Beach 92662 Balboa Island

224 1/2 Garnet Ave, Newport Beach, CA

This home is located at 224 1/2 Garnet Ave, Newport Beach, CA 92662 since 06 July 2017 and is currently estimated at $4,537,602, approximately $7,703 per square foot. This property was built in 1965. 224 1/2 Garnet Ave is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and German School Campus.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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