NOT LISTED FOR SALE

Estimated Value: $3,633,000 - $4,843,988

2 Beds
2 Baths
1,086 Sq Ft
$3,894/Sq Ft Est. Value

Last Sold July 23, 2014

Last sale price $1,700,000 $1,565 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $25,428/month

26 Days on Market

Highlights

  • Private Dock Site
  • Property Fronts a Bay or Harbor
  • Ocean Side of Highway 1
  • Newport Elementary School Rated A
  • Boat Slip
  • 1-minute walk to 38th Street Park

About This Home

As of July 2014

BAYFRONT... BAYFRONT... BAYFRONT... I would say once in a Blue Moon does a home on The Rialto Street come on the market… although we have had 5 Blue Moons since the last time a home on this Bayfront Street has been for sale!… Even the most 'seasoned' realtors do not know where 'The Rialto' is located. Superlative Location coupled with Outstanding Value! This mid century cottage consists of an oversized kitchen-great room with concrete floors and high pitched wood beamed ceilings, fireplace as well as a built-in grilling station in the kitchen (very Sunset Magazine circa 1950's something). Two bedrooms, two bathrooms, one car garage, inside laundry AND private boat dock!
Whether this be a full time home or weekend getaway… the atmosphere on The Rialto is palatable…the gondolas floating by, the impressive view up the channel, enjoying magnificent sunsets from the home… this is a jewel.

Last Agent to Sell the Property

Elizabeth Thamer

Pacific Sotheby's Int'l Realty License #01169245 Listed on: 05/28/2014

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Steve High

Pacific Sotheby's Int'l Realty License #00936421

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,642

Year Built

  • Built in 1951

Lot Details

  • 2,178 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • Property fronts an alley
  • Northwest Facing Home
  • Rectangular Lot

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • No Driveway

Property Views

  • Bay
  • Bridge
  • Canal

Home Design

  • Cottage
  • Slab Foundation
  • Interior Block Wall
  • Composition Roof

Interior Spaces

  • 1,086 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Living Room with Fireplace
  • Eat-In Kitchen
  • Laundry Room

Flooring

  • Stone
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Boat Slip
  • Private Dock Site
  • Ocean Side of Highway 1
  • Concrete Porch or Patio
  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 164
  • Assessor Parcel Number 42337604

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,642

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • View: Yes
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42337604
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1086.00
  • Interior Amenities: Beamed Ceilings, Block Walls, High Ceilings
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Concrete, Stone
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 1565.38
  • Room Type: All Bedrooms Down

Exterior Features

  • Patio: Yes
  • Direction Faces: Northwest
  • Foundation: Slab
  • Exterior Features: Boat Slip, Dock Private
  • View: Bay, Bridge(s), Canal, Water
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: No Driveway, Garage - Single Door, Garage Faces Side
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Lot Features: Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 2178.00
  • Lot Size Acres: 0.0500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2178.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Canal Front, Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2019
Sold by
Layton Steven R and Layton Barbara E
Bought by
Layton Steven R and Layton Barbara E
Current Estimated Value
$4,228,747

Purchase Details

Listed on
May 28, 2014
Closed on
Jun 27, 2014
Sold by
Benish Barbara
Bought by
Layton Steven R and Lindley Barbara E
Seller's Agent
Elizabeth Thamer
Pacific Sotheby's Int'l Realty
Buyer's Agent
Steve High
Pacific Sotheby's Int'l Realty
List Price
$1,849,000
Sold Price
$1,700,000
Premium/Discount to List
-$149,000
-8.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.60%
Original Mortgage
$1,020,000
Outstanding Balance
$788,172
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,458,579
Source: Public Records

Range of Values:

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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
Layton Steven R -- None Available
Layton Steven R $1,700,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Layton Steven R $1,020,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2014 07/23/14 Sold $1,700,000 -8.1% $1,565 / Sq Ft
06/23/2014 06/23/14 Pending -- -- --
05/28/2014 05/28/14 For Sale $1,849,000 -- $1,703 / 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 $28,642 $2,738,429 $1,989,385 $749,044
2024 $28,642 $2,684,735 $1,950,378 $734,357
2023 $27,972 $2,632,094 $1,912,136 $719,958
2022 $27,509 $2,580,485 $1,874,643 $705,842
2021 $26,982 $2,529,888 $1,837,886 $692,002
2020 $26,723 $2,503,948 $1,819,041 $684,907
2019 $22,311 $2,087,938 $1,783,374 $304,564
2018 $21,289 $1,992,057 $1,748,406 $243,651
2017 $20,439 $1,907,932 $1,714,124 $193,808
2016 $18,462 $1,725,925 $1,680,514 $45,411
2015 $18,288 $1,700,000 $1,655,271 $44,729
2014 $1,974 $155,921 $128,450 $27,471
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14110094

California Regional Multiple Listing Service (CRMLS)

APN: 423-376-04