NOT LISTED FOR SALE

2242 Channel Rd Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $6,505,000 - $11,354,935

4 Beds
5 Baths
4,400 Sq Ft
$1,829/Sq Ft Est. Value

Last Sold October 14, 2014

Last sale price $5,750,000 $1,307 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $51,829/month

Highlights

  • Ocean View
  • Private Dock Site
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • Parking available for a boat
  • 2-minute walk to West Jetty View Park

About This Home

As of October 2014

EASY TO SHOW! PLEASE CALL FOR AN APPOINTMENT! 50 Wonderful feet of Bay Front with Fashion Island serving as a back drop!!!This stunning bay front property is ideally situated at a very desirable location on Balboa Peninsula Point. Premiere open channel location with ocean views and just seconds away from the world famous "Wedge" and beach. This lot provides a large covered waterfront patio for entertaining or simply relaxing! Panoramic views of watching yachts enter and exit the harbor from the patio, the main living area and the master suite provides hours of daily entertainment while enjoying life at its best! This home is very well maintained and has a comfortable floor plan which encompasses 4 large bedrooms, 5 bathrooms, wood paneled office with built-ins, large eat in kitchen, dining and living room and 3 car garage. There is a maids quarters with entry off the front gate or inside the garage.

Last Agent to Sell the Property

Robert Taylor

Surterre Properties Inc. License #00554873 Listed on: 09/12/2014

Surterre Properties Inc.

Last Buyer's Agent

Adam McFarland

Adam McFarland License #01878409

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $79,711

Year Built

  • Built in 1946

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Fenced
  • Stucco Fence

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Two Garage Doors
  • Parking Lot
  • Parking available for a boat

Property Views

  • Ocean
  • Bay
  • Panoramic
  • City Lights
  • Hills

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Spanish Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,400 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Coffered Ceiling
  • Custom Window Coverings
  • Bay Window
  • ENERGY STAR Qualified Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Formal Dining Room
  • Home Office
  • Fire and Smoke Detector

Kitchen

  • Country Kitchen
  • Double Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • Doors swing in

Outdoor Features

  • Private Dock Site
  • Balcony
  • Covered patio or porch
  • Outdoor Grill

Utilities

  • Central Heating
  • 220 Volts in Garage
  • Sewer Paid
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 14 / P
  • Tax Tract Number 518
  • Assessor Parcel Number 04829304

Home Details

Home Type

Single Family

Est. Annual Taxes

$79,711

Year Built

Built in 1946

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Zoning: R-1
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04829304
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4400.00
  • Interior Amenities: Beamed Ceilings, Balcony, Coffered Ceiling(s), Open Floorplan, Pantry
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: Doors - Swing In
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 5
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: ENERGY STAR Qualified Doors
  • Eating Area: Country Kitchen, Family Kitchen, Separated
  • Entry Level: 1
  • Fireplace Features: Family Room, Master Bedroom, Master Retreat
  • Levels: Two
  • Price Per Square Foot: 1306.82
  • Room Type: Family Room, Guest/Maid's Quarters, Master Bedroom, Master Suite, Walk-In Closet, Retreat, Office
  • Window Features: Bay Window(s), Custom Covering
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Barbecue Private, Dock Private
  • View: Bay, City Lights, Hills, Ocean, Panoramic, Water
  • Fence: Yes
  • Fencing: Stucco Wall
  • Patio And Porch Features: Covered, Concrete
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Boat, Parking Space, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Dishwasher, Disposal, Microwave
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size: 50X100
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1150

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5000.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: P
  • Tax Lot: 14
  • Tax Tract Number: 518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2014
Closed on
Sep 17, 2014
Sold by
Citco Properties Llc
Bought by
Mcfarland William H and Mcfarlan Mari Mcfarlan
Seller's Agent
Robert Taylor
Surterre Properties Inc.
Buyer's Agent
Adam McFarland
Adam McFarland
List Price
$6,195,000
Sold Price
$5,750,000
Premium/Discount to List
-$445,000
-7.18%
Total Days on Market
0
Current Estimated Value
$8,049,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,299,734
Avg. Annual Appreciation
3.21%

Purchase Details

Listed on
Sep 12, 2014
Closed on
Sep 16, 2014
Sold by
Palazzola Steven J and Palazzola Peggy R
Bought by
Citco Properties Llc
Seller's Agent
Robert Taylor
Surterre Properties Inc.
Buyer's Agent
Adam McFarland
Adam McFarland
List Price
$6,195,000
Sold Price
$5,750,000
Premium/Discount to List
-$445,000
-7.18%

Purchase Details

Closed on
Sep 18, 2003
Sold by
Watson Noel G and Watson Phyllis H
Bought by
Palazzola John L and The John L Palazzola 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
$2,040,000
Interest Rate
5.87%
Mortgage Type
Balloon

Purchase Details

Closed on
May 2, 1997
Sold by
Evans Daniel S and Evans Kay E
Bought by
Watson Noel G and Watson Phyllis H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$745,000
Interest Rate
3.85%
Source: Public Records

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Range of Values:

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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
Mcfarland William H $5,750,000 Orange Coast Title Company
Citco Properties Llc -- Orange Coast Title Company
Palazzola Steven J -- Orange Coast Title Company
Palazzola John L $3,400,000 Chicago Title Co
Watson Noel G $1,767,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palazzola John L $2,031,620
Previous Owner Palazzola John L $2,040,000
Previous Owner Watson Noel G $745,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2014 10/14/14 Sold $5,750,000 -7.2% $1,307 / Sq Ft
09/12/2014 09/12/14 For Sale $6,195,000 0.0% $1,408 / Sq Ft
02/21/2012 02/21/12 Rented $13,000 -5.8% --
02/21/2012 02/21/12 Under Contract -- -- --
12/13/2011 12/13/11 For Rent $13,800 -- --
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 $79,711 $7,538,181 $6,440,661 $1,097,520
2023 $77,853 $7,390,374 $6,314,374 $1,076,000
2022 $76,574 $7,245,465 $6,190,563 $1,054,902
2021 $75,101 $7,103,398 $6,069,180 $1,034,218
2020 $74,381 $7,030,562 $6,006,948 $1,023,614
2019 $72,825 $6,892,708 $5,889,164 $1,003,544
2018 $71,367 $6,757,557 $5,773,690 $983,867
2017 $68,004 $6,425,830 $5,660,480 $765,350
2016 $61,979 $5,872,187 $5,549,491 $322,696
2015 $61,043 $5,750,000 $5,466,133 $283,867
2014 $41,910 $3,954,514 $3,699,012 $255,502
Source: Public Records

Agents Affiliated with this Home

  • Robert Taylor

    Seller's Agent in 2014

    Robert Taylor

    Surterre Properties Inc.

    (949) 338-8885

    Section Image
  • Adam McFarland

    Buyer's Agent in 2014

    Adam McFarland

    Adam McFarland

    (310) 883-5272

    Adam McFarland
    Section Image
  • Bradley Rosa

    Seller's Agent in 2012

    Bradley Rosa

    Cypress Cove Real Estate

    (949) 464-1063

    7 Total Sales

    Bradley Rosa
    Section Image
  • Danielle Purcell

    Seller Co-Listing Agent in 2012

    Danielle Purcell

    Team Laguna Inc

    (949) 874-3363

    99 Total Sales

    Danielle Purcell
    Section Image
  • Tara Shapiro

    Buyer's Agent in 2012

    Tara Shapiro

    Coldwell Banker Realty

    (949) 478-7781

    40 in this area

    95 Total Sales

    Tara Shapiro
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14196902

California Regional Multiple Listing Service (CRMLS)

APN: 048-293-04

California Orange County Newport Beach 92661 Balboa Peninsula Point

2242 Channel Rd, Newport Beach, CA

This home is located at 2242 Channel Rd, Newport Beach, CA 92661 since 12 September 2014 and is currently estimated at $8,049,734, approximately $1,829 per square foot. This property was built in 1946. 2242 Channel Rd is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

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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