Seller's Agent in 2022
Brad Hinman
Compass
(949) 246-3221
4 in this area
36 Total Sales
313 Coral Ave Newport Beach, CA 92662
Balboa Island NeighborhoodEstimated Value: $5,050,000 - $6,116,000
3
Beds
3.5
Baths
2,318
Sq Ft
$2,391/Sq Ft
Est. Value
Highlights
- Roof Top Spa
- Primary Bedroom Suite
- Open Floorplan
- Abraham Lincoln Elementary School Rated A
- City Lights View
- Cape Cod Architecture
About This Home
As of May 2022Submitted for comp purposes only. Exemplifying coastal elegance with an iconic Cape-Cod aesthetic, 313 Coral offers island living at its finest. With its open interior and casual sophistication, this impeccably designed Balboa Island residence provides a variety of light-filled spaces for day-to-day living and festive entertaining, all unfolding in an easy flow. The residence offers three en suite bedrooms, three and a half bathrooms, gourmet kitchen, home office, an expansive rooftop deck with loggia, an elevator to all levels, full laundry room and a two-car garage. No cost was spared in the design and construction with only the finest of materials and craftsmanship used and the greatest attention to detail. Situated on one of the most coveted streets on Balboa Island, the property is a short stroll or bike ride from the famed Marine Avenue boutiques, restaurants and coffee shops.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $55,590
Year Built
- Built in 2014
Lot Details
- 2,550 Sq Ft Lot
- Property fronts an alley
- East Facing Home
- Block Wall Fence
- Brick Fence
- Landscaped
- Sprinkler System
Parking
- 2 Car Direct Access Garage
- Parking Available
- Rear-Facing Garage
- Two Garage Doors
Home Design
- Cape Cod Architecture
- Turnkey
- Composition Roof
- Wood Siding
- Shingle Siding
Interior Spaces
- 2,318 Sq Ft Home
- 3-Story Property
- Elevator
- Open Floorplan
- Built-In Features
- Bar
- Chair Railings
- Wainscoting
- Beamed Ceilings
- High Ceiling
- Ceiling Fan
- Double Pane Windows
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Home Office
- City Lights Views
Kitchen
- Open to Family Room
- Walk-In Pantry
- Six Burner Stove
- Built-In Range
- Range Hood
- Dishwasher
- Kitchen Island
- Quartz Countertops
- Built-In Trash or Recycling Cabinet
Bedrooms and Bathrooms
- 3 Bedrooms
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Dual Vanity Sinks in Primary Bathroom
- Bathtub
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Home Security System
- Smart Home
Pool
- Roof Top Spa
- Above Ground Spa
Outdoor Features
- Balcony
- Covered Patio or Porch
Utilities
- Forced Air Zoned Heating and Cooling System
- Tankless Water Heater
- Water Purifier
Listing and Financial Details
- Legal Lot and Block 29 / 15
- Tax Tract Number 101
- Assessor Parcel Number 05013225
Community Details
Overview
- No Home Owners Association
- Balboa Island Main Island Subdivision
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2022
Closed on
Apr 7, 2022
Sold by
Schmidt Arthur R and Schmidt Margaret Ann
Bought by
Benson Family Trust
Seller's Agent
Brad Hinman
Compass
Buyer's Agent
Heather Kidder
Arbor Real Estate
List Price
$4,800,000
Sold Price
$4,800,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$742,391
Avg. Annual Appreciation
4.51%
Original Mortgage
$2,615,000
Outstanding Balance
$2,440,665
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$3,101,726
Purchase Details
Closed on
Dec 6, 2012
Sold by
Mur Sol Development Llc
Bought by
Schmidt Arthur R and Schmidt Margaret Ann
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
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Mar 5, 2012
Closed on
Apr 11, 2012
Sold by
Jackson Clark F and Jackson Monique
Bought by
Mur Sol Development Llc
Seller's Agent
LINDA GALLUPPI
HILL TOP REAL ESTATE
Buyer's Agent
Joseph Galluppi
Podley Properties
List Price
$1,495,000
Sold Price
$1,200,000
Premium/Discount to List
-$295,000
-19.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.21%
Purchase Details
Closed on
Sep 29, 2011
Sold by
Jackson Clark F and Jackson Monique
Bought by
Jackson Clark F and Jackson Monique
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 3, 2010
Sold by
Jackson Clark F
Bought by
Jackson Clark F and Jackson Monique
Purchase Details
Closed on
Feb 11, 2010
Sold by
Jackson Monique
Bought by
Jackson Clark F
Purchase Details
Closed on
Apr 30, 2007
Sold by
Jackson Clark F
Bought by
Jackson Clark F and Clark F Jackson Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.18%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Apr 9, 2007
Sold by
Jackson Clark F
Bought by
Jackson Clark F and Clark F Jackson Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.18%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 15, 2007
Sold by
Jackson Susan G
Bought by
Jackson Clark F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.18%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 8, 1996
Sold by
Contento
Bought by
Jackson Clark F and Jackson Susan G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
8.39%
Purchase Details
Closed on
Nov 9, 1995
Sold by
Langston Jim and Langston Leila
Bought by
Contento Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.97%
Purchase Details
Closed on
Sep 22, 1995
Sold by
Meyer George F and Meyer Kay E
Bought by
Langston Jim and Langston Leila
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.97%
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 |
|---|---|---|---|
| Benson Family Trust | $4,800,000 | Chicago Title | |
| Schmidt Arthur R | -- | Chicago Title Company | |
| Mur Sol Development Llc | -- | Chicago Title | |
| Jackson Clark F | -- | Lawyers Title | |
| Jackson Clark F | -- | Lawyers Title | |
| Jackson Clark F | -- | None Available | |
| Jackson Clark F | -- | Lawyers Title | |
| Jackson Clark F | -- | Lawyers Title | |
| Jackson Clark F | -- | Accommodation | |
| Jackson Clark F | -- | Civic Center Title Services | |
| Jackson Clark F | -- | None Available | |
| Jackson Clark F | -- | Southland Title Corporation | |
| Jackson Clark F | $525,000 | Southland Title Corporation | |
| Contento Lp | -- | -- | |
| Langston Jim | $495,000 | Chicago Title Co | |
| Meyer George F | -- | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Benson Family Trust | $2,615,000 | |
| Previous Owner | Schmidt Arthur R | $1,517,500 | |
| Previous Owner | Schmidt Arthur R | $1,480,000 | |
| Previous Owner | Schmidt Arthur R | $1,500,000 | |
| Previous Owner | Jackson Clark F | $720,000 | |
| Previous Owner | Jackson Clark F | $171,000 | |
| Previous Owner | Jackson Clark F | $250,000 | |
| Previous Owner | Jackson Clark F | $999,999 | |
| Previous Owner | Jackson Clark F | $100,000 | |
| Previous Owner | Jackson Clark F | $418,000 | |
| Previous Owner | Jackson Clark F | $420,000 | |
| Previous Owner | Langston Jim | $360,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/04/2022 05/04/22 | Sold | $4,800,000 | 0.0% | $2,071 / Sq Ft |
| 05/04/2022 05/04/22 | For Sale | $4,800,000 | +249.1% | $2,071 / Sq Ft |
| 05/02/2022 05/02/22 | Pending | -- | -- | -- |
| 02/08/2013 02/08/13 | Sold | $1,375,000 | 0.0% | $920 / Sq Ft |
| 01/01/2013 01/01/13 | Pending | -- | -- | -- |
| 11/30/2012 11/30/12 | For Sale | $1,375,000 | +14.6% | $920 / Sq Ft |
| 05/01/2012 05/01/12 | Sold | $1,200,000 | -14.0% | $803 / Sq Ft |
| 04/13/2012 04/13/12 | Pending | -- | -- | -- |
| 03/31/2012 03/31/12 | Price Changed | $1,395,000 | -6.7% | $934 / Sq Ft |
| 03/05/2012 03/05/12 | For Sale | $1,495,000 | -- | $1,001 / 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 |
|---|---|---|---|---|
| 2025 | $55,590 | $5,093,798 | $4,244,832 | $848,966 |
| 2024 | $55,590 | $4,993,920 | $4,161,600 | $832,320 |
| 2023 | $54,263 | $4,896,000 | $4,080,000 | $816,000 |
| 2022 | $24,369 | $2,281,891 | $1,545,543 | $736,348 |
| 2021 | $23,902 | $2,237,149 | $1,515,239 | $721,910 |
| 2020 | $23,673 | $2,214,210 | $1,499,702 | $714,508 |
| 2019 | $23,182 | $2,170,795 | $1,470,296 | $700,499 |
| 2018 | $22,720 | $2,128,231 | $1,441,467 | $686,764 |
| 2017 | $22,319 | $2,086,501 | $1,413,202 | $673,299 |
| 2016 | $21,817 | $2,045,590 | $1,385,492 | $660,098 |
| 2015 | $21,612 | $2,014,864 | $1,364,681 | $650,183 |
| 2014 | $19,063 | $1,781,424 | $1,337,949 | $443,475 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Heather Kidder
Arbor Real Estate
(949) 466-8699
14 in this area
150 Total Sales
-
J
Seller's Agent in 2013
Joseph Galluppi
Deasy Penner Podley
-
L
Seller's Agent in 2012
LINDA GALLUPPI
HILL TOP REAL ESTATE
(626) 335-8118
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22058725
APN: 050-132-25
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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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