NOT LISTED FOR SALE

301 Sapphire Ave Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $4,442,930 - $5,402,000

3 Beds
2.5 Baths
2,320 Sq Ft
$2,096/Sq Ft Est. Value

Last Sold May 24, 2017

Last sale price $2,758,700 $1,189 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $30,296/month

10 Days on Market

Highlights

  • Primary Bedroom Suite
  • Panoramic View
  • Den
  • Abraham Lincoln Elementary School Rated A
  • No HOA
  • 2 Car Attached Garage

About This Home

As of May 2017

Breathtaking and beautiful Balboa Island Cape Cod custom home that epitomizes beach living at its finest! This bright and incredibly sunny corner home in the heart of the Island was designed by noted architect Ian Harrison and built by Island builder Joe Lippnick. The first level has an open floor plan complete with a large chef's kitchen, living room with fireplace and dining area, as well large front and side patios that enable seamless indoor/outdoor living. The second level has three bedrooms and bathrooms, including a large master suite with vaulted ceiling, and a spacious den. The third level of this stunning home, reached by a grand stairway or ELEVATOR, features a roof deck with sweeping views of iconic Balboa Island and serene city lights to Fashion Island and beyond!

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 02/26/2017

Last Buyer's Agent

Carmela Phillips

Villa Real Estate License #01032860

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,057

Year Built

  • Built in 2000

Lot Details

  • 2,550

Parking

  • 2 Car Attached Garage

Property Views

  • Panoramic
  • City Lights
  • Hills
  • Neighborhood

Home Design

  • Patio Home

Interior Spaces

  • 2,320 Sq Ft Home
  • Living Room with Fireplace
  • Den
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • 2,550 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 101
  • Assessor Parcel Number 05008315

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,057

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05008315
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2320.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1189.09
  • Room Type: All Bedrooms Up, Den, Laundry, Master Suite, Walk-In Closet

Exterior Features

  • View: City Lights, Hills, Neighborhood, Panoramic
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Patio Home
  • Lot Size Sq Ft: 2550.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 630.06
  • Tax Lot: 33
  • Tax Tract Number: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2021
Sold by
Phillips Family Trust
Bought by
Malcolm R Phillips Living Trust
Total Days on Market
10
Current Estimated Value
$4,861,733

Purchase Details

Closed on
Oct 9, 2019
Sold by
Phillips Malcolm R and Phillips Carmel Webber
Bought by
Phillips Malcolm R and Phillips Carmel Weber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,851,850
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2017
Sold by
Phillips Malcolm Richard and Phillips Carmel Webber
Bought by
Phillips Malcolm R and Phillips Carmel Webber

Purchase Details

Closed on
Mar 14, 2017
Sold by
Mullen Julie and Marcellino Vicki
Bought by
Phillips Malcolm Richard and Phillips Carmel Webber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 18, 2010
Sold by
Psomas Lucille D
Bought by
Psomas Lucille D and George & Lucille Psomas Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,200
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2006
Sold by
Psomas Lucille D
Bought by
Psomas Lucille D and George & Lucille Psomas Family Trust

Purchase Details

Closed on
Jul 8, 2002
Sold by
Psomas George R and Psomas Lucille D
Bought by
Psomas Lucille D and George & Lucille Psomas Family Trust

Purchase Details

Closed on
Mar 12, 2002
Sold by
Psomas George R and Psomas Lucille D
Bought by
Psomas George R and Psomas Lucille D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.99%

Purchase Details

Closed on
Aug 17, 1999
Sold by
Gelvin James Carlton Trust and Gelvin Martha Gelvin
Bought by
Psomas George R and Psomas Lucille D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
3.45%
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
Malcolm R Phillips Living Trust -- Law Offices Of Andrea Gee
Phillips Malcolm R -- First American Title Company
Phillips Malcolm R -- None Available
Phillips Malcolm Richard $2,759,000 Lawyers Title Company
Psomas Lucille D -- Chicago Title Company
Psomas Lucille D -- Chicago Title Company
Psomas Lucille D -- None Available
Psomas Lucille D -- --
Psomas George R -- Gateway Title Company
Psomas George R $640,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Malcolm R $1,851,850
Previous Owner Phillips Malcolm Richard $2,000,000
Previous Owner Phillips Malcolm Richard $200,000
Previous Owner Psomas Lucille D $439,200
Previous Owner Psomas George R $500,000
Previous Owner Psomas George R $512,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2017 05/24/17 Sold $2,758,700 -3.2% $1,189 / Sq Ft
03/08/2017 03/08/17 Pending -- -- --
02/26/2017 02/26/17 For Sale $2,850,000 -- $1,228 / 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
2024 $36,057 $3,144,541 $2,647,092 $497,449
2023 $35,125 $3,077,380 $2,595,189 $482,191
2022 $32,101 $3,017,040 $2,544,303 $472,737
2021 $31,485 $2,957,883 $2,494,415 $463,468
2020 $31,183 $2,927,554 $2,468,838 $458,716
2019 $30,535 $2,870,151 $2,420,429 $449,722
2018 $29,925 $2,813,874 $2,372,970 $440,904
2017 $12,276 $1,132,683 $789,909 $342,774
2016 $11,929 $1,110,474 $774,421 $336,053
2015 $11,814 $1,093,794 $762,788 $331,006
2014 $11,535 $1,072,369 $747,846 $324,523
Source: Public Records

Agents Affiliated with this Home

  • Don Abrams

    Seller's Agent in 2017

    Don Abrams

    Abrams Coastal Properties

    (714) 325-9055

    68 in this area

    95 Total Sales

    Don Abrams
    Section Image

  • C

    Buyer's Agent in 2017

    Carmela Phillips

    Villa Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17035872

California Regional Multiple Listing Service (CRMLS)

APN: 050-083-15

California Orange County Newport Beach 92662 Balboa Island

301 Sapphire Ave, Newport Beach, CA

This home is located at 301 Sapphire Ave, Newport Beach, CA 92662 since 26 February 2017 and is currently estimated at $4,861,733, approximately $2,095 per square foot. This property was built in 2000. 301 Sapphire 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.

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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