NOT LISTED FOR SALE

311 Grand Canal Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $4,013,217 - $5,219,000

4 Beds
3 Baths
2,264 Sq Ft
$1,955/Sq Ft Est. Value

Last Sold May 12, 2014

Last sale price $1,999,200 $883 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $26,828/month

163 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Forced Air Heating System
  • Abraham Lincoln Elementary School Rated A
  • Laundry Room

About This Home

As of May 2014

NEW YEAR, NEW PRICE! Quintessential Balboa Island cottage with fabulous rental income potential! Single level main unit features a brick patio and Dutch door entry, living room and dining area, breakfast area with bay window looking out to the patio a master bedroom with dressing area and two closets, and a laundry room/den. Crown moldings and Venetian blinds throughout. Two bedroom unit over the carport features a private entry with large, front-facing deck, a large living room and dining area with sliding glass doors and an open beamed ceiling, kitchen (with gas stove & oven, dishwasher, double refrigerator, and washer & dryer), two bedrooms and a full bath. Property features a dock for an 18' boat. A terrific opportunity to enjoy Island living!

Last Agent to Sell the Property

David Girling

Coldwell Banker Realty License #01852613 Listed on: 10/09/2013

Coldwell Banker Realty

Co-Listed By

Bing Girling

Coldwell Banker Realty License #00843565

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,556

Year Built

  • Built in 1922

Lot Details

  • 2,614

Home Design

  • 2,264 Sq Ft Home
  • Traditional Architecture

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • Parking Available

Additional Features

  • 2,614 Sq Ft Lot
  • Suburban Location
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 102
  • Assessor Parcel Number 05015124

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,556

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: No
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05015124
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2264.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Levels: Two
  • Price Per Square Foot: 883.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Kitchen, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 31
  • Tax Tract Number: 102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2013
Closed on
Apr 4, 2014
Sold by
Gundersen Gary K and Gundersen David R
Bought by
Martin James M and Martin Joelle A
Seller's Agent
David Girling
Coldwell Banker Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,595,000
Sold Price
$1,999,200
Premium/Discount to List
-$595,800
-22.96%
Current Estimated Value
$4,425,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,426,604
Avg. Annual Appreciation
7.17%
Original Mortgage
$1,230,500
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 7, 2008
Sold by
Brandt Joy A
Bought by
Brandt Joy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 24, 2003
Sold by
Brandt Joy A
Bought by
Brandt Joy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage
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
Martin James M $1,999,500 Title 365
Brandt Joy A -- First American
Brandt Joy A -- Chicago Title Co
Brandt Joy A -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Martin James M $0
Open Martin James M $1,236,000
Closed Martin James M $250,000
Closed Martin James M $1,236,000
Closed Martin James M $1,230,500
Previous Owner Brandt Joy A $150,000
Previous Owner Brandt Joy A $79,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2014 08/19/14 Off Market $1,999,200 -- --
05/12/2014 05/12/14 Sold $1,999,200 -8.9% $883 / Sq Ft
03/21/2014 03/21/14 Pending -- -- --
01/08/2014 01/08/14 Price Changed $2,195,000 -8.4% $970 / Sq Ft
12/16/2013 12/16/13 Price Changed $2,395,000 -7.7% $1,058 / Sq Ft
10/09/2013 10/09/13 For Sale $2,595,000 -- $1,146 / 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 $32,556 $2,868,077 $2,369,548 $498,529
2024 $32,556 $2,811,841 $2,323,087 $488,754
2023 $31,836 $2,756,707 $2,277,536 $479,171
2022 $28,794 $2,702,654 $2,232,878 $469,776
2021 $28,242 $2,649,661 $2,189,096 $460,565
2020 $27,971 $2,622,492 $2,166,649 $455,843
2019 $24,792 $2,323,952 $2,124,166 $199,786
2018 $23,129 $2,153,876 $2,082,516 $71,360
2017 $22,721 $2,111,644 $2,041,683 $69,961
2016 $22,212 $2,070,240 $2,001,650 $68,590
2015 $22,002 $2,039,144 $1,971,584 $67,560
2014 $21,484 $190,073 $142,049 $48,024
Source: Public Records

Agents Affiliated with this Home

  • David Girling

    Seller's Agent in 2014

    David Girling

    Coldwell Banker Realty

    (949) 280-1212

    3 in this area

    20 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2014

    Bing Girling

    Coldwell Banker Realty

    Section Image

  • N

    Buyer's Agent in 2014

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,781 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13206312

California Regional Multiple Listing Service (CRMLS)

APN: 050-151-24

California Orange County Newport Beach 92662 Balboa Island

311 Grand Canal, Newport Beach, CA

This home is located at 311 Grand Canal, Newport Beach, CA 92662 since 09 October 2013 and is currently estimated at $4,425,804, approximately $1,954 per square foot. This property was built in 1922. 311 Grand Canal 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.

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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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