NOT LISTED FOR SALE

Estimated Value: $4,102,000 - $6,000,000

4 Beds
2.5 Baths
2,449 Sq Ft
$2,078/Sq Ft Est. Value

Sale Details

Date Sold: September 23, 2021

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

Est. 45% increase in value since last sale

Current estimated payment $31,080 / mo

Highlights

  • Fishing
  • Rooftop Deck
  • Updated Kitchen
  • Abraham Lincoln Elementary School Rated A
  • City Lights View
  • Cape Cod Architecture

About This Home

As of September 2022

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!

Last Agent to Rent the Property

Cari Young

Compass License #01148961 Listed on: 09/14/2022

Compass

Co-Listed By

Ben Pinel

Compass License #02037124

Compass

Last Renter's Agent

Ben Pinel

Compass License #02037124

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 2,550 Sq Ft Lot
  • Rectangular Lot

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 2,449 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • City Lights Views
  • Laundry in unit

Kitchen

  • Updated Kitchen
  • Open to Family Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom

Outdoor Features

  • Rooftop Deck
  • Patio
  • Front Porch

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $36,000
  • 12-Month Minimum Lease Term
  • Available 10/1/22
  • Legal Lot and Block 30 / 18
  • Tax Tract Number 101
  • Assessor Parcel Number 05014126

Community Details

Overview

  • No Home Owners Association
  • Balboa Island Main Island Subdivision

Recreation

  • Fishing
  • Water Sports
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

2,550 Sq Ft Lot

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2022-10-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 36000
  • Furnished: Furnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 05014126
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2449.00 Square Feet
  • Stories: 3
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 7.35
  • Room Type: Great Room
  • Room Kitchen Features: Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Patio And Porch Features: Front Porch, Roof Top
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Hiking, Watersports

Lot Info

  • Additional Parcels: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0585

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 18
  • Tax Census Tract: 630.06
  • Tax Lot: 30
  • Tax Tract Number: 101

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2021
Closed on
Sep 20, 2021
Sold by
Bought by
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
$5,089,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,590,671
Avg. Annual Appreciation
8.12%

Purchase Details

Closed on
Dec 13, 2015
Sold by
Bought by

Purchase Details

Closed on
Nov 27, 2015
Sold by
Bought by

Purchase Details

Closed on
Sep 20, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 15, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 13, 2000
Sold by
Bought by

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
0.0775%

Purchase Details

Closed on
Apr 8, 1999
Sold by
Bought by

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
0.071%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,413,500 First American Title
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
$1,469,000 First American Title Ins Co
$550,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $800,000
Previous Owner $440,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
08/28/2021 08/28/21 For Sale $3,499,000 -- $1,429 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $40,177 $3,599,616 $2,808,040 $791,576
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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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22201560

California Regional Multiple Listing Service (CRMLS)

APN: 050-141-26

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