Seller's Agent in 2020
Don Abrams
Abrams Coastal Properties
(714) 325-9055
65 in this area
95 Total Sales
320 Grand Canal Newport Beach, CA 92662
Balboa Island NeighborhoodEstimated Value: $4,434,523 - $5,966,000
4
Beds
4
Baths
2,209
Sq Ft
$2,364/Sq Ft
Est. Value
Highlights
- Private Dock Site
- Rooftop Deck
- Home fronts a canal
- Abraham Lincoln Elementary School Rated A
- Bay View
- Dual Staircase
About This Home
As of April 2020SOLD OFF-MARKET BEFORE PROCESSING IN THE MLS. Sensational 4-bedroom, 4-bath waterfront home on Little Balboa Island’s beautiful Grand Canal. Remodeled in 2017, the first-floor great room looks out to the Canal and the home's pier through two sets of glass doors and a Dutch-entry door. The great room encompasses a large living area with fireplace, separate dining area, and kitchen with eating bar. Perfect for guests or those wanting to avoid stairs, the home comes equipped with a highly desirable 1st-floor en suite bedroom. The 2nd level provides a spacious master suite with its own small deck, 2 guest bedrooms and baths, and a cozy bonus room. Looking to glorious Bay and sunset views, the 3rd level showcases a large roof deck with BBQ, sink, refrigerator, complete with romantic string lights. Additionally, there is a garage and carport plus central AC. The home has been a successful licensed vacation rental leasing at $5,800 per week in peak season. Little Balboa Island provides wide streets, underground utilities, and no flood insurance requirement. Enjoy Island life at 320 Grand Canal as a full-time home in paradise, or use part-time and let rentals help pay your taxes and mortgage!
Last Agent to Sell the Property
Abrams Coastal Properties License #01234323 Listed on: 04/06/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $36,495
Year Built
- Built in 1992
Lot Details
- 2,175 Sq Ft Lot
- Home fronts a canal
- Wood Fence
- Property is zoned R1.5
Parking
- 2 Car Attached Garage
Property Views
- Bay
- Harbor
- Bridge
- City Lights
- Canal
Home Design
- Patio Home
- Turnkey
Interior Spaces
- 2,209 Sq Ft Home
- Dual Staircase
- High Ceiling
- Recessed Lighting
- Double Pane Windows
- Sliding Doors
- Living Room with Fireplace
- Storage
Kitchen
- Dumbwaiter
- Breakfast Area or Nook
- Eat-In Kitchen
- Breakfast Bar
- Gas Oven
- Gas Range
- Microwave
- Dishwasher
- Kitchen Island
- Stone Countertops
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Walk-In Closet
- 4 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Private Dock Site
- Balcony
- Rooftop Deck
- Brick Porch or Patio
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Sewer Paid
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 742
- Assessor Parcel Number 05020203
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 6, 2020
Closed on
Mar 12, 2020
Sold by
Olmstead Matthew J
Bought by
Power Teresa A
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Georgie Fenton
Coldwell Banker Realty
List Price
$3,200,000
Sold Price
$3,200,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,022,631
Avg. Annual Appreciation
8.93%
Purchase Details
Listed on
Oct 29, 2015
Closed on
Feb 24, 2016
Sold by
Wilson Pamela L
Bought by
Matthew J & Dawn Olmstead Trust
Seller's Agent
Dale Babb
Regency Real Estate Brokers
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$3,200,000
Sold Price
$3,125,000
Premium/Discount to List
-$75,000
-2.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.59%
Original Mortgage
$2,343,750
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Power Teresa A | $3,200,000 | Orange Coast Title Co | |
| Matthew J & Dawn Olmstead Trust | $3,125,000 | Orange Coast Title Co Socal |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Matthew J & Dawn Olmstead Trust | $2,343,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/06/2020 04/06/20 | Sold | $3,200,000 | 0.0% | $1,449 / Sq Ft |
| 04/06/2020 04/06/20 | Pending | -- | -- | -- |
| 04/06/2020 04/06/20 | For Sale | $3,200,000 | +2.4% | $1,449 / Sq Ft |
| 04/07/2016 04/07/16 | Sold | $3,125,000 | -2.3% | $1,420 / Sq Ft |
| 02/22/2016 02/22/16 | Pending | -- | -- | -- |
| 10/29/2015 10/29/15 | For Sale | $3,200,000 | -- | $1,455 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $36,495 | $3,499,666 | $3,258,143 | $241,523 |
| 2024 | $36,495 | $3,431,046 | $3,194,258 | $236,788 |
| 2023 | $35,642 | $3,363,771 | $3,131,625 | $232,146 |
| 2022 | $35,054 | $3,297,815 | $3,070,220 | $227,595 |
| 2021 | $34,381 | $3,233,152 | $3,010,019 | $223,133 |
| 2020 | $35,974 | $3,382,600 | $3,163,620 | $218,980 |
| 2019 | $35,225 | $3,316,275 | $3,101,588 | $214,687 |
| 2018 | $34,521 | $3,251,250 | $3,040,772 | $210,478 |
| 2017 | $6,855 | $617,696 | $54,068 | $563,628 |
| 2016 | $6,703 | $605,585 | $53,008 | $552,577 |
| 2015 | $6,638 | $596,489 | $52,212 | $544,277 |
| 2014 | $6,615 | $584,805 | $51,189 | $533,616 |
Source: Public Records
Agents Affiliated with this Home
-
Don Abrams
-
Georgie Fenton
Buyer's Agent in 2020
Georgie Fenton
Coldwell Banker Realty
(208) 720-6203
22 in this area
26 Total Sales
-
Dale Babb
Seller's Agent in 2016
Dale Babb
Regency Real Estate Brokers
(949) 750-7338
37 Total Sales
-
J
Seller Co-Listing Agent in 2016
Jeff Jaggar
Regency Real Estate Brokers
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP20069354
APN: 050-202-03
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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