NOT LISTED FOR SALE

Estimated Value: $4,528,000 - $7,039,000

4 Beds
5 Baths
2,200 Sq Ft
$2,598/Sq Ft Est. Value

Last Sold October 25, 2017

Last sale price $4,050,000 $1,841 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $34,480/month

6 Days on Market

Highlights

  • Beach Front
  • Marina
  • Property has ocean access
  • Newport Elementary School Rated A
  • White Water Ocean Views
  • Primary Bedroom Suite

About This Home

As of October 2017

At last! A home to call your own on one of the most sought-after peninsulas in Southern California. This remodeled residence was designed to inspire the chef inside you or simply the sun gazer and sand castle builder everyone wishes they had time to be. Situated along the Balboa Peninsula boardwalk, 2608 W. Oceanfront offers a two-story single-family home with four bedrooms, including dual master bedrooms and one bedroom downstairs, five bathrooms, bi-folding glass doors in the living room, surround sound, an alarm system, two fireplaces, crown moulding throughout, custom kitchen cabinetry with granite slab countertops, stone and hardwood flooring coupled with looped carpet in the bedrooms and tumbled tile showers and countertops in the bathrooms. Drift away each night admiring picturesque sunsets over Santa Catalina and the Palos Verdes Peninsula from both levels of this sea side abode. Enjoy the 3 miles of paved boardwalk and/or delight in a fabulous dinner out at the revitalized Lido Marina Village. If you prefer to head East, enjoy the Fun Zone Ferris wheel overlooking Newport Harbor as your friends and neighbors Duffy around sipping wine and snacking on cheese. The enchantment of the Balboa Peninsula offers a variety of activities everyone can enjoy. Live where others vacation and welcome yourself home!

Last Agent to Sell the Property

Summer Perry

Compass License #01882790 Listed on: 08/14/2017

Compass

Co-Listed By

Jessica Bailey

Compass License #01990301

Last Buyer's Agent

Steve Ybarra

Solutions Realty License #01348876

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,702

Year Built

  • Built in 2007 | Remodeled

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 75x25
  • Beach Front
  • Home fronts navigable water
  • Fenced
  • Stucco Fence
  • New Fence

Parking

  • 2 Car Garage

Property Views

  • White Water Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic
  • Rock

Home Design

  • Custom Home
  • Patio Home
  • Entry on the 1st floor
  • Turnkey
  • Barrel Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Tinted Windows
  • Custom Window Coverings
  • Roller Shields
  • Solar Screens
  • ENERGY STAR Qualified Doors
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Six Burner Stove
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Ceramic Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 5 / 26
  • Tax Tract Number 512
  • Assessor Parcel Number 04709337

Community Details

Overview

  • No Home Owners Association
  • Custom

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,702

Year Built

Built in 2007 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Flat Screen TV's
  • Other Phone Description: Joanna Ganz
  • Other Phone Number: 949.278.1504
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
  • Subdivision Name Other: Central Newport (CNEW)
  • View: Yes
  • Architectural Style: Custom Built
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04709337
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2200.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Ceramic Counters, Crown Molding, Granite Counters, Pantry, Recessed Lighting, Stone Counters, Storage, Wired for Sound
  • Stories: 2
  • Entry Location: Ground Level No Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 5
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: ENERGY STAR Qualified Doors
  • Eating Area: Breakfast Counter / Bar, In Living Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1840.91
  • Room Type: Living Room, Main Floor Bedroom, Master Suite, Two Masters, Walk-In Closet, Walk-In Pantry
  • Window Features: Custom Covering, Double Pane Windows, Roller Shields, Solar Screens, Tinted Windows

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Catalina, Coastline, Ocean, Panoramic, Pier, Rocks, Water, White Water
  • Fence: Yes
  • Fencing: New Condition, Stucco Wall
  • Patio And Porch Features: Concrete, Covered, Deck, Patio
  • Pool Private: No
  • Roof: Barrel
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Double Oven, Disposal, Ice Maker, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, In Garage, Inside, Upper Level, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Patio Home
  • Lot Size: 75x25
  • Lot Size Sq Ft: 1742.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Beach Front, Marina in Community, Navigable Water, Ocean Access, Ocean Front, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 26
  • Tax Lot: 5
  • Tax Model: c
  • Tax Tract Number: 512

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2021
Sold by
Cilani Mark A and Cilani Mark A
Bought by
Cilani Mark A and Cilani Mark A
Current Estimated Value
$5,715,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,812,499
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$3,903,018

Purchase Details

Closed on
Jun 24, 2020
Sold by
Barnard Kenneth A and Barnard Stephanie S
Bought by
Cilani Mark A and Cilani Mark A

Purchase Details

Closed on
Aug 22, 2017
Sold by
Levin Edward and Lauerlevin Mindy
Bought by
Barnard Kenneth A and Barnard Stephanie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2010
Sold by
Levin Edward and Lauerlevin Mindy
Bought by
Levin Edward and Lauerlevin Mindy

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
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2010
Sold by
Cullen Robert R and Cullen Jane M
Bought by
Levin Edward and Lauerlevin Mindy

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
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2000
Sold by
Thon Carl F Of Thon Residence
Bought by
Cullen Robert R and Cullen Jane M

Purchase Details

Closed on
Jul 30, 1998
Sold by
Groetzinger Alice H
Bought by
Thon Carl F and The Thon Residence Trust I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.93%
Mortgage Type
Seller Take Back
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
Cilani Mark A -- First American Title Company
Cilani Mark A $4,250,000 Lawyers Title
Barnard Kenneth A $4,050,000 California Title Co
Levin Edward -- Accommodation
Levin Edward $3,100,000 Equity Title Orange County-I
Cullen Robert R $1,650,000 First American Title Ins Co
Thon Carl F -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cilani Mark A $2,000,000
Previous Owner Barnard Kenneth A $2,500,000
Previous Owner Levin Edward $1,500,000
Previous Owner Thon Carl F $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2017 10/25/17 Sold $4,050,000 +3.8% $1,841 / Sq Ft
08/20/2017 08/20/17 Pending -- -- --
08/14/2017 08/14/17 For Sale $3,900,000 -- $1,773 / 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
2025 $48,702 $4,600,336 $4,406,218 $194,118
2024 $48,702 $4,510,134 $4,319,822 $190,312
2023 $47,512 $4,421,700 $4,235,119 $186,581
2022 $46,727 $4,335,000 $4,152,077 $182,923
2021 $45,840 $4,250,000 $4,070,663 $179,337
2020 $45,554 $4,213,620 $4,047,178 $166,442
2019 $43,790 $4,131,000 $3,967,821 $163,179
2018 $42,915 $4,050,000 $3,890,020 $159,980
2017 $36,380 $3,422,109 $3,245,929 $176,180
2016 $35,560 $3,355,009 $3,182,283 $172,726
2015 $35,227 $3,304,614 $3,134,482 $170,132
2014 $34,396 $3,239,882 $3,073,082 $166,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17187858

California Regional Multiple Listing Service (CRMLS)

APN: 047-093-37