NOT LISTED FOR SALE

Estimated Value: $3,513,000 - $5,851,000

3 Beds
4 Baths
2,200 Sq Ft
$2,311/Sq Ft Est. Value

Last Sold February 07, 2014

Last sale price $2,325,000 $1,057 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $32,156/month

98 Days on Market

Highlights

  • Spa
  • Wood Flooring
  • Cottage
  • Abraham Lincoln Elementary School Rated A
  • No HOA
  • Spa Bath

About This Home

As of February 2014

$100,000 Price Reduction!!!This beautifully restored cottage house is a "true gem", one-of-a-kind property on Balboa Island. The home has been completely remodeled with permits, creating a new house with "vintage bones." The main cottage home is a 2-story floor plan. Gorgeous open floor plan, family room, fireplace, dining area and exquisite kitchen with top of the line appliances. Also on the first floor is a beautiful restored bathroom, a den/office that could be converted into a 4th bedroom and a downstairs bedroom that opens into the private courtyard. The laundry room is adjacent to the 2-car garage and has built-in storage along with a separate bathroom with shower.
The spacious master bedroom suite has a walk-in closet, ensuite restored master bathroom with top of the line Jacuzzi bathtub, his and her sinks and luxury shower. The large second story private deck can be accessed from either the master bedroom or from the outside stairs. Separate guest quarters or rental unit over the 2-car garage! The wide open floor plan includes a remodeled kitchen and a large size island for dining or entertaining purposes which opens to a family room with fireplace, spacious bedroom, & remodeled bathroom.

Last Agent to Sell the Property

Jennifer Collins

Pacific Sotheby's Int'l Realty License #01911096 Listed on: 10/02/2013

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

John Lake

John Lake, Broker License #01403936

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,593

Year Built

  • Built in 1956

Lot Details

  • 2,500 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Cottage
  • Adobe

Interior Spaces

  • 2,200 Sq Ft Home
  • French Doors
  • Family Room with Fireplace
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Spa Bath

Outdoor Features

  • Spa
  • Brick Porch or Patio

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 31 / 17
  • Tax Tract Number 101
  • Assessor Parcel Number 05014225

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,593

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: Bosch dishwasher, Sub-Zero built in refrigerator, Wolf stove and ovens, and a U-Line wine fridge
  • Other Phone Description: 949-422-7360
  • Property Attached: No
  • Road Surface Type: Maintained
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: No
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05014225
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2200.00
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 4
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 1056.82
  • Room Type: Family Room
  • Spa Features: Bath

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Brick
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Adobe

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size Sq Ft: 2500.00
  • Lot Size Acres: 0.0570

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2500.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 17
  • Tax Lot: 31
  • Tax Tract Number: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2018
Sold by
Tjc Opportunity Fund Ii Lp
Bought by
5415 Maywood Avenue Llc
Current Estimated Value
$5,377,059

Purchase Details

Listed on
Oct 2, 2013
Closed on
Jan 9, 2014
Sold by
The Evans Family 2005 Revocable Interviv
Bought by
328 Coral Lp
Seller's Agent
Jennifer Collins
Pacific Sotheby's Int'l Realty
Buyer's Agent
John Lake
John Lake, Broker
List Price
$2,495,000
Sold Price
$2,325,000
Premium/Discount to List
-$170,000
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%

Purchase Details

Closed on
Nov 18, 2005
Sold by
Vaiuso Frank and Vaiuso Rebecca
Bought by
The Evans Family 2005 Revocable Interviv

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
5.97%
Mortgage Type
Purchase Money Mortgage
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
5415 Maywood Avenue Llc $3,750,000 Fidelity National Title Co
328 Coral Lp $2,325,000 Chicago Title Company
The Evans Family 2005 Revocable Interviv $1,925,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Evans Family 2005 Revocable Interviv $1,500,000
Previous Owner Vaiuso Frank $395,000
Previous Owner Vaiuso Frank $295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2014 02/07/14 Sold $2,325,000 -2.9% $1,057 / Sq Ft
01/08/2014 01/08/14 Pending -- -- --
12/03/2013 12/03/13 Price Changed $2,395,000 -4.0% $1,089 / Sq Ft
10/02/2013 10/02/13 For Sale $2,495,000 -- $1,134 / 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 $32,593 $2,850,126 $2,565,516 $284,610
2024 $32,593 $2,794,242 $2,515,212 $279,030
2023 $31,799 $2,739,453 $2,465,894 $273,559
2022 $28,755 $2,685,739 $2,417,543 $268,196
2021 $28,205 $2,633,078 $2,370,140 $262,938
2020 $27,934 $2,606,080 $2,345,838 $260,242
2019 $27,357 $2,554,981 $2,299,841 $255,140
2018 $26,812 $2,504,884 $2,254,746 $250,138
2017 $26,339 $2,455,769 $2,210,535 $245,234
2016 $25,747 $2,407,617 $2,167,191 $240,426
2015 $25,505 $2,371,453 $2,134,638 $236,815
2014 $20,190 $1,876,611 $1,614,677 $261,934
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13200725

California Regional Multiple Listing Service (CRMLS)

APN: 050-142-25