NOT LISTED FOR SALE

228 1/2 Pearl Ave Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $3,423,000 - $5,881,745

2 Beds
1 Bath
1,100 Sq Ft
$4,290/Sq Ft Est. Value

About This Home

BALBOA ISLAND - LONG TERM RENTAL. Location, location! This beautiful Balboa Island back unit is located on the quiet side of the island, and nestled along a charming tree lined street. As you come up the stairs, you will enter into a sweet secluded upper deck with teak wooden bench for your own private sanctuary. You enter this darling home through sliding glass doors, with beautiful stainglass accent, that open into the living room and dining areas letting in lots of sunlight. As you enter further, you'll see gorgeous high wood beam ceilings and the charming kitchen with top of the line appliances. Two bedrooms share a custom designed jack and jill full bathroom with lovely finishes. Downstairs is another large room, with kitchenette fridge & cooktop, and a private patio, that can be used as a work-from-home office, in-law suite, teenager refuge, or workout studio...the options are limitless. Washer & dryer included. One car attached garage. Water filtration system throughout. This has it all! Less than a block from the beach, close to the Ferry, fresh fruit market, corner restaurant - enjoy the Island lifestyle!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2014
Sold by
Schall Lawrence
Bought by
Schall Lawrence
Current Estimated Value
$4,718,936

Purchase Details

Closed on
Feb 27, 2013
Sold by
Schall Lawrence
Bought by
Schall Lawrence

Purchase Details

Closed on
Dec 19, 2008
Sold by
228 Pearl Llc
Bought by
Schall Lawrence

Purchase Details

Closed on
Dec 18, 2008
Sold by
Whitehead Mark J
Bought by
228 Pearl Llc

Purchase Details

Closed on
Jan 17, 2008
Sold by
Whitehead Annette M
Bought by
Whitehead Mark J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
6.17%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 4, 2005
Sold by
Whitehead Annette
Bought by
Whitehead Mark J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2005
Sold by
Beshear Marilyn Gates and Gates Don Francis
Bought by
Whitehead Mark J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2004
Sold by
Gates Don Francis
Bought by
Beshear Marilyn Gates and Gates Don Francis

Purchase Details

Closed on
Jul 29, 1999
Sold by
Johnston/Williamson Properties
Bought by
Mcneill Anne M

Purchase Details

Closed on
Sep 25, 1995
Sold by
Gates Don Francis
Bought by
Gates Don Francis
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Schall Lawrence -- None Available
Schall Lawrence -- None Available
Schall Lawrence $2,285,000 California Title Company
228 Pearl Llc -- California Title Company
Whitehead Mark J -- Chicago Title Company
Whitehead Mark J -- Fidelity National Title
Whitehead Mark J $1,850,000 Fidelity National Title
Beshear Marilyn Gates -- --
Beshear Marilyn Gates -- --
Mcneill Anne M $1,600,000 First American Title Ins Co
Gates Don Francis -- --
Gates Don Francis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whitehead Mark J $580,000
Previous Owner Whitehead Mark J $1,295,000
Previous Owner Whitehead Mark J $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2020 11/01/20 Rented $3,850 0.0% --
09/30/2020 09/30/20 For Rent $3,850 -- --

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 $32,609 $2,884,840 $2,093,241 $791,599
2023 $31,877 $2,828,275 $2,052,197 $776,078
2022 $31,362 $2,772,819 $2,011,958 $760,861
2021 $30,794 $2,718,450 $1,972,507 $745,943
2020 $28,824 $2,690,576 $1,952,281 $738,295
2019 $28,228 $2,637,820 $1,914,001 $723,819
2018 $27,666 $2,586,099 $1,876,472 $709,627
2017 $27,177 $2,535,392 $1,839,679 $695,713
2016 $26,567 $2,485,679 $1,803,607 $682,072
2015 $26,317 $2,448,342 $1,776,515 $671,827
2014 $25,697 $2,400,383 $1,741,716 $658,667
Source: Public Records

Agents Affiliated with this Home

  • Ann Ackerman

    Seller's Agent in 2020

    Ann Ackerman

    Compass

    (949) 280-4285

    9 Total Sales

    Ann Ackerman
    Section Image
  • Harold Noriega

    Seller Co-Listing Agent in 2020

    Harold Noriega

    Compass

    (949) 400-9905

    57 Total Sales

    Harold Noriega
    Section Image
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Map

California Orange County Newport Beach 92662 Balboa Island

228 1/2 Pearl Ave, Newport Beach, CA

This home is located at 228 1/2 Pearl Ave, Newport Beach, CA 92662 and is currently estimated at $4,718,936, approximately $4,289 per square foot. 228 1/2 Pearl Ave is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and Our Lady Queen Of Angels.

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.

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