Drew Teicheira
Harcourts Place
(877) 672-0775
91 Total Sales
4 in Balboa Island
$2.8M - $4.5M Price Range
227 Agate Ave Newport Beach, CA 92662
Balboa Island Neighborhood
6
Beds
6
Baths
2,480
Sq Ft
2,550
Sq Ft Lot
Highlights
- Main Floor Bedroom
- No HOA
- Central Air
- Abraham Lincoln Elementary School Rated A
- 2 Car Attached Garage
- 2-minute walk to Balboa Island Park
About This Home
As of October 2024Outstanding Island duplex cottage in excellent location. This home provides a classic Island design with an abundance of flexibility. The home has 6 total bedrooms, 4.5 total baths, two-car garage, and two short-term lodging permits. The main house has 3 bedrooms, including two on the main level, one and a half baths, updated kitchen, A/C, as well as a large front patio. The expansive rear unit includes 3 bedrooms, 2.5 baths, a main floor entrance and bedroom as well as a fantastic living area with vaulted ceilings, updated kitchen, A/C, patio, and more. The home also has a spacious two-car garage, enclosed outdoor shower, and is conveniently located just four doors from the Bay as well on the quiet west end of the Island where the utilities have already been ungrounded. The home also includes TWO short term rental permits which provides the new owner with a rare opportunity to use this home as either a main house, second home, or investment property.
Last Agent to Sell the Property
Arbor Real Estate Brokerage Email: ryan@arborrealestate.com License #01869795 Listed on: 09/19/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 2,550 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 2 Car Attached Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 2,480 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Laundry in Garage
Bedrooms and Bathrooms
- 6 Bedrooms | 3 Main Level Bedrooms
Utilities
- Central Air
Listing and Financial Details
- Legal Lot and Block 10 / 8
- Tax Tract Number 99
- Assessor Parcel Number 05003133
- $25,000 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
- Balboa Island Main Island Subdivision
Amenities
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 24, 2025
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,486,620
Interest Rate
6.13%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 19, 2024
Closed on
Oct 9, 2024
Sold by
Bought by
Seller's Agent
Ryan Gunderson
Arbor Real Estate
Buyer's Agent
Brad Hinman
Compass
List Price
$3,195,000
Sold Price
$3,375,000
Premium/Discount to List
$180,000
5.63%
Views
22
Purchase Details
Closed on
May 17, 2005
Sold by
Bought by
Purchase Details
Closed on
Mar 28, 2002
Sold by
Bought by
Purchase Details
Closed on
Mar 17, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Balboa Island, CA
-
Drew Teicheira
-
Tom Unvert
Tom Unvert
Douglas Elliman Of California
(949) 541-6470
39 Total Sales
1 in Balboa Island
$3,000,000 Price
-
Keegan Budden
Keegan Budden
Douglas Elliman of California Inc.
(949) 763-5747
15 Total Sales
2 in Balboa Island
$4,125,000 Price Range
-
Jon Gednalske
Jon Gednalske
Sotheby's International Realty
(605) 501-6267
3 Total Sales
1 in Balboa Island
$4,075,000 Price
-
Marisa Whitaker
Marisa Whitaker
Regency Real Estate Brokers
(949) 899-6114
104 Total Sales
2 in Balboa Island
$5,600,000 Price Range
-
Paul Daftarian
Paul Daftarian
Luxe Real Estate
(657) 385-8384
247 Total Sales
1 in Balboa Island
$4,110,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Priority Title | ||
| $3,375,000 | Chicago Title Company | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,500,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2024 10/16/24 | Sold | $3,375,000 | +5.6% | $1,361 / Sq Ft |
| 09/19/2024 09/19/24 | For Sale | $3,195,000 | -- | $1,288 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $37,802 | $3,442,500 | $3,332,664 | $109,836 |
| 2025 | $4,158 | $3,375,000 | $3,267,317 | $107,683 |
| 2024 | $4,158 | $165,801 | $122,580 | $43,221 |
| 2023 | $4,091 | $162,550 | $120,176 | $42,374 |
| 2022 | $4,032 | $159,363 | $117,819 | $41,544 |
| 2021 | $3,993 | $156,239 | $115,509 | $40,730 |
| 2020 | $2,129 | $154,637 | $114,324 | $40,313 |
| 2019 | $2,095 | $151,605 | $112,082 | $39,523 |
| 2018 | $2,057 | $148,633 | $109,884 | $38,749 |
| 2017 | $2,023 | $145,719 | $107,729 | $37,990 |
| 2016 | $1,983 | $142,862 | $105,616 | $37,246 |
| 2015 | $1,961 | $140,717 | $104,030 | $36,687 |
| 2014 | $1,916 | $137,961 | $101,992 | $35,969 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Gunderson
R
Seller's Agent in 2024
Ryan Gunderson
Arbor Real Estate
(949) 673-3444
65 in this area
104 Total Sales
-
Brad Hinman
Buyer's Agent in 2024
Brad Hinman
Compass
(949) 246-3221
3 in this area
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24184231
APN: 050-031-33
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.
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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