NOT LISTED FOR SALE

Estimated Value: $2,537,948 - $3,406,000

2 Beds
2 Baths
1,163 Sq Ft
$2,531/Sq Ft Est. Value

Last Sold April 02, 2012

Last sale price $1,175,000 $1,010 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $17,826/month

192 Days on Market

Highlights

  • Beach Access
  • All Bedrooms Downstairs
  • L-Shaped Dining Room
  • Abraham Lincoln Elementary School Rated A
  • City Lights View
  • Cottage

About This Home

As of April 2012

HUGH PRICE REDUCTION! Great Single Story Beach Cottage. Two bedrooms, two bathrooms, office, open beam ceiling, Front and side outdoor patio areas. Completely remodeled and upgraded in 2004. One car garage and one open carport. Must see.

Last Agent to Sell the Property

Laura Gale

HOM Sotheby's International License #01269394 Listed on: 08/22/2011

Last Buyer's Agent

Laura Gale

HOM Sotheby's International License #01269394 Listed on: 08/22/2011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,618

Year Built

  • Built in 1949

Lot Details

  • 2,550 Sq Ft Lot
  • Property fronts an alley
  • Block Wall Fence
  • Property is zoned R1.5

Parking

  • 1 Car Direct Access Garage
  • 1 Carport Space
  • Parking Available
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Cottage
  • Brick Exterior Construction
  • Composition Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,163 Sq Ft Home
  • Fireplace With Gas Starter
  • Fireplace Features Masonry
  • L-Shaped Dining Room
  • City Lights Views
  • Laundry in unit

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down

Outdoor Features

  • Beach Access
  • Outdoor Grill

Utilities

  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 29 / 18
  • Tax Tract Number 101
  • Assessor Parcel Number 05014127

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,618

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-500-6418
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Balboa Island - Main Island
  • View: Yes
  • Zoning: R1.5
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05014127
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1163.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar, Dining Ell
  • Fireplace Features: Gas Starter, Masonry
  • Levels: One
  • Price Per Square Foot: 1010.32
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Patio: No
  • Exterior Features: Barbecue Private
  • View: City Lights
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Brick, Concrete

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Carport, Direct Garage Access, Garage Faces Rear, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: No
  • Heating: No
  • Laundry: No
  • Appliances: Built-In, Dishwasher, Free Standing, Gas Cooking, Disposal, Microwave, Oven, Range, Cooktop
  • Heating Type: Central
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0590

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2550.0000 Square Feet
  • Waterfront Features: Beach Access

Tax Info

  • Tax Block: 18
  • Tax Lot: 29
  • Tax Tract Number: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2022
Sold by
Douglas And Nadene Rasmussen Trust
Bought by
Rasmussen Residual Trust
Total Days on Market
192
Current Estimated Value
$2,943,737

Purchase Details

Closed on
Jun 9, 2021
Sold by
Lenz Rasmussen Nadene
Bought by
Rasmussen Douglas M and Rasmussen Rod Alan

Purchase Details

Closed on
May 5, 2021
Sold by
Lenz Rasmussen Nadene
Bought by
Rasmussen Douglas M and Rasmussen Rod Alan

Purchase Details

Listed on
Aug 22, 2011
Closed on
Mar 6, 2012
Sold by
Phillips Robert C and Phillips Janice M
Bought by
Rasmussen Douglas M and Rasmussen Nadene L
Seller's Agent
Laura Gale
HOM Sotheby's International
Buyer's Agent
Laura Gale
HOM Sotheby's International
List Price
$1,465,000
Sold Price
$1,175,000
Premium/Discount to List
-$290,000
-19.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%
Original Mortgage
$417,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2005
Sold by
Phillips Robert C and Phillips Janice
Bought by
Phillips Robert C and Phillips Janice M

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
5.81%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Range of Values:

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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
Rasmussen Residual Trust -- Albrecht & Barney Jck
Rasmussen Douglas M -- --
Rasmussen Douglas M -- --
Rasmussen Douglas M $1,175,000 Orange Coast Title Company
Phillips Robert C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rasmussen Douglas M $417,000
Previous Owner Phillips Robert C $700,000
Previous Owner Phillips Robert C $150,000
Previous Owner Phillips Robert C $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2012 04/02/12 Sold $1,175,000 -3.7% $1,010 / Sq Ft
02/27/2012 02/27/12 Price Changed $1,220,000 -11.3% $1,049 / Sq Ft
02/03/2012 02/03/12 Price Changed $1,375,000 -1.8% $1,182 / Sq Ft
10/13/2011 10/13/11 Price Changed $1,400,000 -4.4% $1,204 / Sq Ft
08/22/2011 08/22/11 For Sale $1,465,000 -- $1,260 / 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
2024 $15,618 $1,446,923 $1,397,264 $49,659
2023 $15,251 $1,418,552 $1,369,866 $48,686
2022 $14,996 $1,390,738 $1,343,006 $47,732
2021 $14,710 $1,363,469 $1,316,672 $46,797
2020 $14,568 $1,349,489 $1,303,171 $46,318
2019 $14,269 $1,323,029 $1,277,619 $45,410
2018 $13,986 $1,297,088 $1,252,568 $44,520
2017 $13,740 $1,271,655 $1,228,007 $43,648
2016 $13,432 $1,246,721 $1,203,928 $42,793
2015 $13,305 $1,227,995 $1,185,844 $42,151
2014 $12,992 $1,203,941 $1,162,615 $41,326
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11003608

California Regional Multiple Listing Service (CRMLS)

APN: 050-141-27