NOT LISTED FOR SALE

Estimated Value: $3,139,000 - $3,752,000

2 Beds
1 Bath
1,044 Sq Ft
$3,235/Sq Ft Est. Value

Sale Details

Date Sold: April 25, 2022

Last sale price $2,670,000 $2,557 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $20,594 / mo

Highlights

  • Main Floor Bedroom
  • Furnished
  • Laundry Room
  • Abraham Lincoln Elementary School Rated A
  • No HOA
  • Central Air

About This Home

As of August 2022

One of the original Balboa Island charming beach cottages with two bedrooms and 1 bathroom. This single level home is in a great location on Balboa Island. Lovingly maintained with new period appliances, new A/C, a new washer and dryer included, and Wi-Fi. Fully furnished with a large front patio for indoor outdoor living. Come enjoy the balboa island lifestyle. This is a must see!

Last Agent to Rent the Property

Jamie McKinnon

Compass License #01869698 Listed on: 07/18/2022

Compass

Last Renter's Agent

Jennifer McDonald

Compass License #02092799

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1911

Lot Details

  • 2,550

Home Design

  • Patio Home

Interior Spaces

  • 1,044 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Family Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Central Air
  • Sewer Assessments

Additional Features

  • Exterior Lighting
  • 2,550 Sq Ft Lot

Listing and Financial Details

  • Security Deposit $13,000
  • 12-Month Minimum Lease Term
  • Available 7/19/22
  • Legal Lot and Block 25 / 10
  • Tax Tract Number 101
  • Assessor Parcel Number 05009227

Community Details

Overview

  • No Home Owners Association
  • Balboa Island Main Island Subdivision

Recreation

  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1911

Lot Details

2,550 Sq Ft Lot

Rental Info

  • Available Date: 2022-07-19
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 150
  • Deposit Pets: 500
  • Deposit Security: 13000
  • Furnished: Furnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Inclusions: fully furnished, wifi, new a/c, new appliances, new washer and dryer
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 05009227
  • Year Built: 1911
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1044.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 5.46
  • Room Type: Family Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Sewer Assessments
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Lot Features: Patio Home
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0585

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 630.06
  • Tax Lot: 25
  • Tax Tract Number: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2022
Closed on
Mar 25, 2022
Sold by
Schiefelbein Survivors Trust
Bought by
225 Diamond Avenue Llc
Seller's Agent
Jeana Keough
Coldwell Banker Realty
Buyer's Agent
Jamie McKinnon
Compass
List Price
$2,549,000
Sold Price
$2,670,000
Premium/Discount to List
$121,000
4.75%
Current Estimated Value
$3,377,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$707,176
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
Oct 21, 2020
Sold by
Schiefelbein Karen and Schiefelbein Family Trust
Bought by
Schiefelbein Karen and Schiefelbein Karen

Purchase Details

Closed on
Oct 17, 2014
Sold by
Schiefelbein Dan and Schiefelbein Karen
Bought by
Schiefelbein Family Trust

Purchase Details

Closed on
Jun 23, 2007
Sold by
Donahue Le Roy M and Donahue Lois J
Bought by
Schiefelbein Dan and Schiefelbein Karen

Purchase Details

Closed on
Jan 4, 2006
Sold by
Schiefelbein Nancy V
Bought by
Schiefelbein Nancy and Schiefelbein Family Trust

Purchase Details

Closed on
Apr 21, 2003
Sold by
Donahue Lois J
Bought by
Donahue Le Roy M and Donahue Lois J

Purchase Details

Closed on
Feb 20, 2003
Sold by
Gregory Barbara L
Bought by
Gregory Barbara and Barbara Gregory Trust

Purchase Details

Closed on
Jan 15, 2003
Sold by
Donahue Lois J
Bought by
Donahue Lois J and Gregory Barbara L

Purchase Details

Closed on
Jan 25, 1993
Sold by
Donahue Lois J
Bought by
Donahue Lois J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
225 Diamond Avenue Llc $2,670,000 Orange Coast Title
Schiefelbein Karen -- None Available
Schiefelbein Family Trust -- None Available
Schiefelbein Dan $1,082,000 First American Title Co
Schiefelbein Nancy -- None Available
Donahue Le Roy M -- --
Gregory Barbara -- --
Donahue Lois J -- --
Donahue Lois J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2022 08/18/22 Rented $5,700 -12.3% --
07/18/2022 07/18/22 For Rent $6,500 0.0% --
04/25/2022 04/25/22 Sold $2,670,000 +0.8% $2,557 / Sq Ft View Prior Sale
04/12/2022 04/12/22 Pending -- -- --
03/14/2022 03/14/22 Price Changed $2,650,000 +4.0% $2,538 / Sq Ft
03/12/2022 03/12/22 For Sale $2,549,000 -- $2,442 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $32,273 $2,804,363 $2,804,363 --
2024 $32,273 $2,777,868 $2,749,376 $28,492
2023 $31,487 $2,723,400 $2,695,466 $27,934
2022 $17,050 $1,586,072 $1,567,250 $18,822
2021 $16,725 $1,554,973 $1,536,520 $18,453
2020 $16,564 $1,539,029 $1,520,765 $18,264
2019 $16,223 $1,508,852 $1,490,946 $17,906
2018 $15,901 $1,479,267 $1,461,712 $17,555
2017 $15,620 $1,450,262 $1,433,051 $17,211
2016 $15,270 $1,421,826 $1,404,952 $16,874
2015 $15,126 $1,400,469 $1,383,848 $16,621
2014 $14,770 $1,373,036 $1,356,740 $16,296
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22157965

California Regional Multiple Listing Service (CRMLS)

APN: 050-092-27

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