308 E Bay Ave Newport Beach, CA 92661
Balboa Island NeighborhoodEstimated Value: $2,458,000 - $2,748,000
3
Beds
3
Baths
1,281
Sq Ft
$2,031/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- Main Floor Bedroom
- Porch
- Abraham Lincoln Elementary School Rated A
- No HOA
- 1-minute walk to Balboa Island Park
About This Home
As of April 2023This recently upgraded cottage nestled in the heart of the balboa peninsula ,offers two side-by-side units. The single-level home offers one bedroom and one bathroom with a vintage free-standing bath tub . The multilevel home provides two bedrooms and two bathrooms. The second floor features a spacious main suite with a full bathroom. A well-equipped private suite is located downstairs, with fully upgraded bathroom. The fire place in the family room makes the room very cozy. but Most importantly, the recent upgrades to the home were intended to modernize the living experience while preserving as much of the classic cottage charm as possible. The property is walking proximity to the iconic balboa ferry, and all the local beaches and restaurants. This is a perfect summer rental as it is steps away from the Balboa fun zone and boat ferry. Just at the end of the street is the public boat dock where pick up and drop off via boat is a breeze.
Last Agent to Sell the Property
Realty One Group West License #01273840 Listed on: 12/05/2022
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $24,532
Year Built
- Built in 1917
Lot Details
- 2,178 Sq Ft Lot
- Property fronts a private road
- 1 Common Wall
Parking
- 1 Car Garage
Home Design
- Cape Cod Architecture
- Frame Construction
- Composition Roof
- Hardboard
Interior Spaces
- 1,281 Sq Ft Home
- 1-Story Property
- Entryway
- Family Room with Fireplace
- Living Room
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms | 2 Main Level Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Patio
- Porch
Listing and Financial Details
- Legal Lot and Block 80 / C
- Tax Tract Number 511
- Assessor Parcel Number 04810319
- $1,370 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 8, 2023
Sold by
Xanadu Coastal Properties Llc
Bought by
Young George Eric
Total Days on Market
95
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,810,000
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 5, 2022
Closed on
Mar 30, 2023
Sold by
620 Coastal Living Llc
Bought by
Xanadu Coastal Properties Llc
Seller's Agent
Parvaneh Golafshan
Realty One Group West
Buyer's Agent
Summer Perry
Compass
List Price
$21,900,000
Sold Price
$2,100,000
Premium/Discount to List
-$19,800,000
-90.41%
Views
72
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.47%
Purchase Details
Closed on
Feb 15, 2022
Sold by
Joe 10 Lc Llc
Bought by
Othman Tarek and Golafshan Parvaneh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 30, 2021
Sold by
Joe 10 Lc Llc
Bought by
Clark Emmett James and Clark Patricia Ruth
Purchase Details
Closed on
Jun 20, 2019
Sold by
Mcculloch Mark Patterson
Bought by
Joe 10 Lc Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 13, 2018
Sold by
Title Holding Sevices Corporation
Bought by
Mcculloch Mark Patterson
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 12, 2018
Sold by
Browne Lisa Dale
Bought by
Mcculloch Mark Patterson
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 13, 2017
Sold by
Mcculloch Mark Patterson
Bought by
Title Holding Services Corp
Purchase Details
Closed on
Dec 28, 1995
Sold by
Garnet Virginia Mcculloch Living Trust
Bought by
Mcculloch Mark Patterson
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Young George Eric | $2,280,000 | Lawyers Title | |
| Xanadu Coastal Properties Llc | $2,100,000 | Lawyers Title | |
| Othman Tarek | $1,700,000 | Lawyers Title | |
| Clark Emmett James | -- | None Available | |
| Joe 10 Lc Llc | -- | Lawyers Title | |
| Mcculloch Mark Patterson | -- | Fidelity National Title | |
| Mcculloch Mark Patterson | -- | Fidelity National Title | |
| Title Holding Services Corp | -- | None Available | |
| Mcculloch Mark Patterson | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Young George Eric | $1,825,000 | |
| Closed | Young George Eric | $1,810,000 | |
| Previous Owner | Othman Tarek | $1,300,000 | |
| Previous Owner | Joe 10 Lc Llc | $1,340,000 | |
| Previous Owner | Layers Title Company | $1,150,000 | |
| Previous Owner | Joe 10 Lc Llc | $900,000 | |
| Previous Owner | Mcculloch Mark Patterson | $550,000 | |
| Previous Owner | Title Holding Services Cvorporation | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/06/2023 04/06/23 | Sold | $2,100,000 | -90.4% | $1,639 / Sq Ft |
| 03/10/2023 03/10/23 | Pending | -- | -- | -- |
| 12/05/2022 12/05/22 | For Sale | $21,900,000 | -- | $17,096 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $24,532 | $2,280,000 | $2,240,690 | $39,310 |
| 2023 | $21,246 | $1,976,760 | $1,938,892 | $37,868 |
| 2022 | $21,571 | $110,450 | $95,936 | $14,514 |
| 2021 | $2,509 | $108,285 | $94,055 | $14,230 |
| 2020 | $19,331 | $1,703,400 | $1,669,386 | $34,014 |
| 2019 | $2,503 | $105,074 | $91,265 | $13,809 |
| 2018 | $2,571 | $103,014 | $89,475 | $13,539 |
| 2017 | $2,572 | $100,995 | $87,721 | $13,274 |
| 2016 | $2,491 | $99,015 | $86,001 | $13,014 |
| 2015 | $2,508 | $97,528 | $84,709 | $12,819 |
| 2014 | $2,436 | $95,618 | $83,050 | $12,568 |
Source: Public Records
Agents Affiliated with this Home
-
Parvaneh Golafshan
Seller's Agent in 2023
Parvaneh Golafshan
Realty One Group West
(949) 294-5853
1 in this area
14 Total Sales
-
Naz Mehdizadeh
Seller Co-Listing Agent in 2023
Naz Mehdizadeh
Realty One Group West
(949) 378-8010
1 in this area
31 Total Sales
-
Summer Perry
Buyer's Agent in 2023
Summer Perry
Compass
(949) 375-9074
3 in this area
131 Total Sales
-
Jessica Bailey
J
Buyer Co-Listing Agent in 2023
Jessica Bailey
Compass
(949) 280-7135
2 in this area
53 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22250657
APN: 048-103-19
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
Nearby Homes
- 211 Pearl Ave
- 121 Emerald Ave Unit 2
- 121 Emerald Ave Unit 1
- 129 N Bay Front
- 210 Collins Ave
- 126 Ruby Ave
- 222 Ruby Ave
- 310 Fernando St Unit 410
- 310 Fernando St Unit 303
- 201 Diamond Ave
- 209 Diamond Ave
- 318 Coronado St
- 613 E Balboa Blvd Unit A
- 315 E Bay Ave
- 316 Diamond Ave
- 207 E Edgewater Ave Unit A
- 207 E Edgewater Ave
- 700 E Oceanfront
- 417 E Balboa Blvd
- 600 E Oceanfront Unit 1D
- 308 E Bay Ave
- 308 S Bay Front
- 306 S Bay Front
- 306 E Bay Ave
- 310 S Bay Front
- 304 S Bay Front
- 107 Pearl Ave
- 302 S Bay Front
- 111 Pearl Ave
- 400 S Bay Front Unit 5
- 400 S Bay Front
- 106 Garnet Ave
- 113 Pearl Ave
- 106 Pearl Ave
- 402 S Bay Front
- 118 1/2 Garnet Ave
- 108 Pearl Ave
- 404 S Bay Front Unit A
- 404 S Bay Front Unit B
- 404 S Bay Front