NOT LISTED FOR SALE

Estimated Value: $2,783,779 - $3,984,000

5 Beds
3 Baths
2,618 Sq Ft
$1,231/Sq Ft Est. Value

Last Sold March 08, 2012

Last sale price $1,365,000 $521 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $18,475/month

254 Days on Market

Highlights

  • Beach Access
  • Ocean Side of Freeway
  • Traditional Architecture
  • Abraham Lincoln Elementary School Rated A
  • Peek-A-Boo Views
  • 5-minute walk to Balboa Island Park

About This Home

As of March 2012

PRICE REDUCED!!!LOCATION! LOCATION!3 HOUSES FROM 'FAMOUS RUBY BEACH AT NORTH BAY FRONT!!! Popular classic beach house (3 BR,2 BA house has 1st floor MBR &bath. Living Rm. has soaring, high,vaulted ceiling! Newer light, bright attractive apt.(2 bedroom/1 bath. Raised wood deck has 'peek a boo' water view. Great building site!!! Architect says new home can be built with good water views. Or= Home + income!Rental History=on 3BR house:(rents @ 2250 per week;)Apt should rent @ 1800 month. Furnishings in house & apt. could be negotiable.OWNER VERY MOTIVATED. BRING OFFERS!!!!

Last Agent to Sell the Property

Doris Lee

Coldwell Banker Realty License #00626326 Listed on: 06/07/2011

Last Buyer's Agent

Dana Hansen

Berkshire Hathaway HomeServices California Properties License #00998932

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1928

Lot Details

  • 2,426 Sq Ft Lot
  • Property fronts an alley
  • Property is zoned R 1.5

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 2,618 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Drapes & Rods
  • French Doors
  • Carpet
  • Peek-A-Boo Views
  • Attic

Kitchen

  • Gas Oven or Range
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Ocean Side of Freeway
  • Wood Patio

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 18 / 12
  • Tax Tract Number 101
  • Assessor Parcel Number 05008127

Home Details

Home Type

Single Family

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Balboa Island - Main Island
  • View: Yes
  • Zoning: R 1.5
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05008127
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2618.00
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Levels: Two
  • Price Per Square Foot: 521.39
  • Room Type: Attic, Main Floor Bedroom
  • Window Features: Drapes

Exterior Features

  • Patio: Yes
  • View: Peek-A-Boo
  • Fence: No
  • Patio And Porch Features: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Door Opener, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: No
  • Laundry: No
  • Appliances: Built-In, Dishwasher, Electric Cooking, Gas Cooking, Range Hood, Range
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 2426.00
  • Lot Size Acres: 0.0560

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2426.0000 Square Feet
  • Waterfront Features: Beach Access, Ocean Side of Freeway

Tax Info

  • Tax Block: 12
  • Tax Lot: 18
  • Tax Tract Number: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2011
Closed on
Apr 24, 2012
Sold by
Obrien Joseph D and Obrien Laurie J
Bought by
Obrien Joseph D and Obrien Laurie J
Seller's Agent
Doris Lee
Coldwell Banker Realty
Buyer's Agent
Dana Hansen
Berkshire Hathaway HomeServices California Properties
List Price
$1,679,000
Sold Price
$1,365,000
Premium/Discount to List
-$314,000
-18.7%
Current Estimated Value
$3,221,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,856,695
Avg. Annual Appreciation
6.42%

Purchase Details

Listed on
Jun 7, 2011
Closed on
Jan 26, 2012
Sold by
Wagner John R and Wagner Debra S
Bought by
Obrien Joseph D and Obrien Laurie J
Seller's Agent
Doris Lee
Coldwell Banker Realty
Buyer's Agent
Dana Hansen
Berkshire Hathaway HomeServices California Properties
List Price
$1,679,000
Sold Price
$1,365,000
Premium/Discount to List
-$314,000
-18.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$464,619
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$2,757,076

Purchase Details

Closed on
Apr 9, 2004
Sold by
Wagner John R and Wagner Debra S
Bought by
Wagner John R and Wagner Debra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2001
Sold by
Wagner John R and Wagner Debra S
Bought by
Wagner John R and Wagner Debra S

Purchase Details

Closed on
Jul 6, 2000
Sold by
Martin Catherine A
Bought by
Wagner John R and Wagner Debra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,754
Interest Rate
8.12%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 30, 1996
Sold by
Munroe Timothy B and Martin C A Trus
Bought by
Martin Catherine A

Purchase Details

Closed on
Nov 14, 1994
Sold by
Wagner John R and Wagner Debra S
Bought by
Wagner John R and Wagner Debra S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Obrien Joseph D -- None Available
Obrien Joseph D $1,365,000 Equity Title Orange County-I
Wagner John R -- Fidelity National Title
Wagner John R -- --
Wagner John R -- Old Republic Title Company
Martin Catherine A -- --
Wagner John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obrien Joseph D $700,000
Previous Owner Wagner John R $975,000
Previous Owner Wagner John R $147,754
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2012 03/08/12 Sold $1,365,000 -7.7% $521 / Sq Ft
02/16/2012 02/16/12 Pending -- -- --
09/30/2011 09/30/11 Price Changed $1,479,000 -3.9% $565 / Sq Ft
09/07/2011 09/07/11 Price Changed $1,539,000 -2.5% $588 / Sq Ft
06/22/2011 06/22/11 Price Changed $1,579,000 -6.0% $603 / Sq Ft
06/07/2011 06/07/11 For Sale $1,679,000 -- $641 / 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 $19,136 $1,802,467 $1,526,112 $276,355
2024 $19,136 $1,767,125 $1,496,188 $270,937
2023 $18,685 $1,732,476 $1,466,851 $265,625
2022 $18,372 $1,698,506 $1,438,089 $260,417
2021 $18,022 $1,665,202 $1,409,891 $255,311
2020 $17,848 $1,648,128 $1,395,434 $252,694
2019 $17,483 $1,615,812 $1,368,072 $247,740
2018 $17,137 $1,584,130 $1,341,247 $242,883
2017 $16,835 $1,553,069 $1,314,948 $238,121
2016 $16,459 $1,522,617 $1,289,165 $233,452
2015 $15,535 $1,426,565 $1,269,801 $156,764
2014 $15,170 $1,398,621 $1,244,927 $153,694
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11002446

California Regional Multiple Listing Service (CRMLS)

APN: 050-081-27