$2,500,000
SOLD SEP 9, 2015
3 Beds
2.5 Baths
2,139 Sq Ft
2,550 Sq Ft Lot

Recently Sold

$1,169 Per Sq Ft

22% Below List Price

89 Days on Market

Highlights

  • Private Dock Site
  • Home fronts a seawall
  • Sauna
  • Abraham Lincoln Elementary School Rated A
  • Boat Slip
  • Primary Bedroom Suite

About This Home

As of July 2021

This ultra-luxurious, soft Contemporary Balboa Island bay front home was designed by renowned architect, Fred M. Briggs, a man Architectural Digest named “one of the top 100 residential architects in the world”. A master of his craft, Briggs brings his trademark style to this home blending a limited amount of simple functional materials, contrasting limestone, teak, concrete, steel and walls of glass with a Michael Bondi metal staircase, Wrightian principles and the simplicity, fine detail and scale of Japanese design. From the moment you enter this home through three huge pivoting glass doors into its living room shrouded in floor to ceiling curved glass walls, viewing the well designed Siematic kitchen, to enjoying the master suite with its Shoji screen doors, embankment wall of teak built-ins, and round glass enclosed shower, to its cool roof top deck your senses will explode with the rich style of this home. Notably, this is one of the lowest priced waterfront homes in all of Newport Beach with a private dock and it is proximate to all of the fun of Balboa Island, which makes this one of the finest bayfront opportunites presently available.

Last Agent to Sell the Property

Evan Corkett

Pacific Sotheby's Int'l Realty License #00468496 Listed on: 05/27/2015

Pacific Sotheby's Int'l Realty

Co-Listed By

Steve High

Pacific Sotheby’s International Realty License #00936421

Last Buyer's Agent

Jeff Jones

Pacific Home Brokers License #01239060

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,176

Year Built

  • Built in 1991

Lot Details

  • 2,550 Sq Ft Lot
  • Home fronts a seawall
  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • Fenced
  • Stucco Fence
  • Level Lot
  • No Sprinklers

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Single Garage Door

Property Views

  • City Lights
  • Canal

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Interior Block Wall
  • Copper Plumbing
  • Plaster
  • Stucco

Interior Spaces

  • 2,139 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Fireplace With Gas Starter
  • Custom Window Coverings
  • Great Room with Fireplace
  • Living Room with Attached Deck
  • Sauna
  • Stone Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Galley Kitchen
  • Electric Oven
  • Self-Cleaning Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Boat Slip
  • Private Dock Site
  • Docks
  • Ocean Side of Highway 1
  • Balcony
  • Patio
  • Outdoor Fireplace
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Garage
  • Gas Water Heater
  • Central Water Heater
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 102
  • Assessor Parcel Number 05015141

Home Details

Home Type

Single Family

Est. Annual Taxes

$66,176

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05015141
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2139.00
  • Interior Amenities: Built-in Features, Balcony, Block Walls, Copper Plumbing Full, Granite Counters, High Ceilings, Living Room Deck Attached, Recessed Lighting, Wired for Sound
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Fireplace Features: Great Room, Gas Starter, Master Bedroom, Outside
  • Levels: Three Or More
  • Price Per Square Foot: 1168.77
  • Room Type: All Bedrooms Up, Galley Kitchen, Master Bedroom, Master Suite
  • Window Features: Custom Covering, Drapes

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Sauna Private
  • Exterior Features: Boat Slip, Dock Private, Rain Gutters
  • View: City Lights, Canal, Water
  • Fence: Yes
  • Fencing: Stucco Wall
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Plaster, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Disposal, Gas Range, Gas Water Heater, Range Hood, Microwave, Refrigerator, Self Cleaning Oven, Water Heater Central
  • Electric: 220 Volts in Garage
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Level, Sprinklers None
  • Lot Size Sq Ft: 2550.00
  • Price Per Lot Square Foot: 980.39
  • Lot Size Acres: 0.0590

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Canal Front, Includes Dock, Ocean Side Of Highway 1, Seawall

Tax Info

  • Tax Lot: 27
  • Tax Tract Number: 102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2023
Sold by
Sommerhaus Trust
Bought by
Btc Trust and Pangaea Properties Trust
Current Estimated Value
$5,472,964

Purchase Details

Closed on
Aug 23, 2023
Sold by
Pangaea Properties Trust
Bought by
Sommerhaus Holdings Llc

Purchase Details

Listed on
Apr 9, 2021
Closed on
Jun 25, 2021
Sold by
Gannon Daniel J and Gannon Tamar G
Bought by
Berglund Keith W and Sommerhaus Trust
Seller's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
Buyer's Agent
Steve High
Pacific Sotheby’s International Realty
List Price
$4,495,000
Sold Price
$3,850,000
Premium/Discount to List
-$645,000
-14.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%

Purchase Details

Closed on
May 1, 2020
Sold by
Gannon Daniel and Gannon Tammy
Bought by
Gannon Daniel J and Gannon Tamar G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 27, 2015
Closed on
Aug 27, 2015
Sold by
Poleshuk Stephen R and Poleshuk Lori King
Bought by
Gannon Daniel and Gannon Tammy
Seller's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
Buyer's Agent
Jeff Jones
Pacific Home Brokers
List Price
$3,200,000
Sold Price
$2,500,000
Premium/Discount to List
-$700,000
-21.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.31%

Purchase Details

Closed on
Jul 7, 2010
Sold by
Goodin Norman C and Goodin Penelope Fay
Bought by
Poleshuk Stephen R and Poleshuk Lori King

Purchase Details

Closed on
May 24, 2005
Sold by
Goodin Norman C and Goodin Penelope F
Bought by
Goodin Norman C and Goodin Penelope Fay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 27, 2005
Sold by
Stull Rachel E
Bought by
Goodin Norman C and Goodin Penelope F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 10, 2004
Sold by
Stull James G and Stull Rachel H
Bought by
Stull James G and James G Stull Living Trust

Purchase Details

Closed on
Feb 24, 1994
Sold by
Oneil Barry P and Oneil Ann Hafey
Bought by
Stull James G and Stull Rachel H
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 Type Sale Price Title Company
Gift Deed -- None Listed On Document
Gift Deed -- None Listed On Document
Grant Deed $3,850,000 Chicago Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $2,500,000 Lawyers Title
Grant Deed $2,300,000 First American Title
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed $2,700,000 Chicago Title Co
Interfamily Deed Transfer -- --
Grant Deed $23,000 United Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,750,000 New Conventional
Previous Owner $1,750,000 New Conventional
Previous Owner $1,250,000 Adjustable Rate Mortgage/ARM
Previous Owner $324,000 Credit Line Revolving
Previous Owner $1,755,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2021 07/20/21 Sold $3,850,000 -14.3% $1,800 / Sq Ft
04/09/2021 04/09/21 For Sale $4,495,000 +79.8% $2,101 / Sq Ft
09/09/2015 09/09/15 Sold $2,500,000 -16.6% $1,169 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
08/21/2015 08/21/15 Price Changed $2,999,000 -6.3% $1,402 / Sq Ft
05/27/2015 05/27/15 For Sale $3,200,000 -- $1,496 / 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 $66,176 $6,120,000 $5,696,804 $423,196
2024 $66,176 $6,000,000 $5,585,101 $414,899
2023 $44,105 $3,927,000 $3,550,361 $376,639
2022 $40,862 $3,850,000 $3,480,746 $369,254
2021 $30,281 $2,843,478 $2,460,275 $383,203
2020 $29,991 $2,814,322 $2,435,048 $379,274
2019 $29,368 $2,759,140 $2,387,302 $371,838
2018 $28,782 $2,705,040 $2,340,492 $364,548
2017 $28,272 $2,652,000 $2,294,600 $357,400
2016 $27,636 $2,600,000 $2,249,607 $350,393
2015 $26,225 $2,451,810 $2,088,946 $362,864
2014 $25,606 $2,403,783 $2,048,027 $355,756
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15113391

California Regional Multiple Listing Service (CRMLS)

APN: 050-151-41