NOT LISTED FOR SALE

Estimated Value: $4,090,000 - $6,094,000

4 Beds
3 Baths
2,449 Sq Ft
$1,934/Sq Ft Est. Value

Last Sold September 23, 2021

Last sale price $3,499,000 $1,429 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $28,483/month

About This Home

As of September 2021

A rare opportunity to lease a beautiful completely renovated and fully furnished single family residence in an exceptional location on Balboa Island. Located one street from the restaurants and boutiques on Marine Avenue, this home is ideally positioned to enjoy all the amenities of the Island or gather with family and friends to enjoy dinner on the patio, beach time, or a stroll around iconic Balboa Island as well as take advantage of Newports's world-class beaches, surfing, paddle boarding, sailing, shopping, dining, golf, biking and hiking trails. The residence consists of 3 bedrooms plus a bunk room and large rooftop deck with ample seating, an oversized umbrella and city light views. The main level features an open floor plan with a great room, inviting fireplace, dining area, and gourmet kitchen opening out onto a front patio well appointed with seating and a fire pit. The second level offers an over-sized master suite with high ceilings, fireplace, balcony, walk-in closet, and spacious bathroom with tub and separate shower as well as two additional bedrooms, a custom designed bunk room which accommodates four. Completing the residence is the third level which boasts a entertainment area and a large rooftop deck with city light views. Additional features of the property include an additional space ideal for golf cart parking or bike and paddle board storage, and an outdoor shower. This chic island beach house is the ideal spot to enjoy the coastal lifestyle year round!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2021
Closed on
Sep 20, 2021
Sold by
Bruder Ingrid C and Ingrid C Bruder Property Trust
Bought by
Lyon Michael E and Lyon Becki L
Seller's Agent
Artie Dorr
Balboa Realty
Buyer's Agent
Jason Karger
Regency Real Estate Brokers
List Price
$3,499,000
Sold Price
$3,499,000
Current Estimated Value
$4,736,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,237,171
Avg. Annual Appreciation
8.55%

Purchase Details

Closed on
Dec 13, 2015
Sold by
Bruder Ingrid C
Bought by
Bruder Ingrid C and Ingrid C Bruder Property Trust

Purchase Details

Closed on
Nov 27, 2015
Sold by
Carlson Lennart
Bought by
Bruder Ingrid C

Purchase Details

Closed on
Sep 20, 2012
Sold by
Bruder Ingrid C
Bought by
Bruder Ingrid C and Ingrid C Bruder Separate Property Trust

Purchase Details

Closed on
Feb 15, 2012
Sold by
Carlson Lennart
Bought by
Bruder Ingrid C

Purchase Details

Closed on
Jun 13, 2000
Sold by
Donald Davis and Donald Eugene Lippnik
Bought by
Carlson Lennart and Carlson Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.75%

Purchase Details

Closed on
Apr 8, 1999
Sold by
Carpentier Patricia R
Bought by
Davis Donald G and Lippnik Eugene J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.1%
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
Lyon Michael E $3,413,500 First American Title Company
Bruder Ingrid C -- None Available
Bruder Ingrid C -- None Available
Bruder Ingrid C -- None Available
Bruder Ingrid C -- None Available
Bruder Ingrid C -- None Available
Carlson Lennart -- None Available
Carlson Lennart -- None Available
Carlson Lennart $1,469,000 First American Title Ins Co
Davis Donald G $550,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carlson Lennart $800,000
Previous Owner Davis Donald G $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2022 09/26/22 Rented $18,000 0.0% --
09/14/2022 09/14/22 For Rent $18,000 0.0% --
09/23/2021 09/23/21 Sold $3,499,000 0.0% $1,429 / Sq Ft
08/28/2021 08/28/21 For Sale $3,499,000 -- $1,429 / Sq Ft

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
2024 $40,177 $3,529,036 $2,752,981 $776,055
2023 $39,208 $3,459,840 $2,699,001 $760,839
2022 $36,045 $3,392,000 $2,646,079 $745,921
2021 $21,544 $2,013,030 $1,263,289 $749,741
2020 $21,337 $1,992,389 $1,250,335 $742,054
2019 $20,896 $1,953,323 $1,225,819 $727,504
2018 $20,480 $1,915,023 $1,201,783 $713,240
2017 $20,118 $1,877,474 $1,178,219 $699,255
2016 $19,666 $1,810,300 $1,127,421 $682,879
2015 $19,165 $1,783,108 $1,110,486 $672,622
2014 $18,714 $1,748,180 $1,088,733 $659,447
Source: Public Records

Agents Affiliated with this Home

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