NOT LISTED FOR SALE

Estimated Value: $2,393,000 - $2,825,131

2 Beds
1 Bath
816 Sq Ft
$3,218/Sq Ft Est. Value

Last Sold October 09, 2017

Last sale price $1,625,000 $1,991 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $15,928/month

46 Days on Market

Highlights

  • Bay View
  • No HOA
  • Landscaped
  • Newport Elementary School Rated A
  • Laundry Room
  • Forced Air Heating System

About This Home

As of October 2017

Peek-a-Boo Bay View from the front porch! Great Peninsula location! This updated original Balboa cottage offers a fabulous front porch, nice large living room with cozy fireplace and dining area. The original "Great Room" plus 2 bedrooms and a large room off the kitchen. One of the best locations on the Balboa Peninsula; One of the most quiet and picturesque streets with the "Edgewater" bayfront path and parks right at the end of the street! Edgewater is a short path that takes you to the Fun Zone and the ferry to Balboa Island and a short stroll to the beach. You can stroll to everything that Newport has to offer- Restaurants and bars, shopping and entertainment. Duffy rentals, sailing, fishing, stand up paddle, surfing and swimming!

Last Agent to Sell the Property

Cassie Hammond

Surterre Properties Inc. License #01264839 Listed on: 06/09/2017

Surterre Properties Inc.

Co-Listed By

Chris Moreno

Surterre Properties Inc. License #01503663

Last Buyer's Agent

Cassie Hammond

Surterre Properties Inc. License #01264839 Listed on: 06/09/2017

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,467

Year Built

  • Built in 1935

Lot Details

  • 2,100 Sq Ft Lot
  • Landscaped

Parking

  • 1 Car Garage

Interior Spaces

  • 816 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Bay Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 115
  • Tax Tract Number 220
  • Assessor Parcel Number 04805208

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,467

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04805208
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 816.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1991.42
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Bay
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 2100.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 115
  • Tax Tract Number: 220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2017
Sold by
Ddcfrj Investments Lp
Bought by
Butler Rex and Butler Karen
Current Estimated Value
$2,625,533

Purchase Details

Closed on
Sep 26, 2016
Sold by
Ddcfrj Investments Lp
Bought by
Christian John R and Christian Reegis M

Purchase Details

Closed on
Sep 23, 2016
Sold by
Christian John R and Christian Reegis M
Bought by
Ddcfrj Investments Lp

Purchase Details

Listed on
Jan 23, 2012
Closed on
Apr 3, 2012
Sold by
Mertz Theodore H
Bought by
Ddcfrj Investments Lp
Seller's Agent
Judy Mertz
Surterre Properties Inc.
Buyer's Agent
Cassie Hammond
Surterre Properties Inc.
List Price
$1,045,000
Sold Price
$850,000
Premium/Discount to List
-$195,000
-18.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%

Purchase Details

Closed on
May 22, 2007
Sold by
Mertz Theodore H
Bought by
Mertz Theodore H and The Theodore H Mertz Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2006
Sold by
Mertz Theodore H
Bought by
Mertz Theodore H and The Theodore H Mertz Trust

Purchase Details

Closed on
Dec 15, 2005
Sold by
Mertz Theodore H
Bought by
Mertz Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2003
Sold by
Mertz Theodore
Bought by
Mertz Theodore H and Theodore H Mertz Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
1.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2000
Sold by
Mertz Theodore H
Bought by
Mertz Theodore H and The Theodore H Mertz Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.95%

Purchase Details

Closed on
Feb 8, 2000
Sold by
Mertz Theodore H
Bought by
Mertz Theodore H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.95%

Purchase Details

Closed on
Jun 2, 1994
Sold by
Mertz Theodore H
Bought by
Mertz Theodore H
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Butler Rex $1,625,000 Ticor Title
Christian John R -- Equity Title
Ddcfrj Investments Lp -- Accommodation
Ddcfrj Investments Lp $850,000 None Available
Mertz Theodore H -- Accommodation
Mertz Theodore H -- Lsi
Mertz Theodore H -- None Available
Mertz Theodore -- Alliance Title Company
Mertz Theodore H -- --
Mertz Theodore -- --
Mertz Theodore H -- --
Mertz Theodore H -- First American Title Ins Co
Mertz Theodore H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Christian John R $768,000
Previous Owner Mertz Theadore $75,000
Previous Owner Mertz Theodore H $376,000
Previous Owner Mertz Theodore $325,000
Previous Owner Mertz Theodore $265,000
Previous Owner Mertz Theodore H $306,250
Previous Owner Mertz Theodore H $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2017 10/09/17 Sold $1,625,000 -4.1% $1,991 / Sq Ft
07/25/2017 07/25/17 Pending -- -- --
06/09/2017 06/09/17 For Sale $1,695,000 +99.4% $2,077 / Sq Ft
04/13/2012 04/13/12 Sold $850,000 -14.9% $1,042 / Sq Ft
04/04/2012 04/04/12 Pending -- -- --
03/14/2012 03/14/12 Price Changed $999,000 -4.4% $1,224 / Sq Ft
01/23/2012 01/23/12 For Sale $1,045,000 -- $1,281 / 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 $19,467 $1,848,971 $1,828,214 $20,757
2024 $19,467 $1,812,717 $1,792,367 $20,350
2023 $19,010 $1,777,174 $1,757,223 $19,951
2022 $19,417 $1,742,328 $1,722,768 $19,560
2021 $19,270 $1,708,165 $1,688,988 $19,177
2020 $19,091 $1,690,650 $1,671,669 $18,981
2019 $18,745 $1,657,500 $1,638,891 $18,609
2018 $18,497 $1,625,000 $1,606,755 $18,245
2017 $11,092 $919,921 $901,525 $18,396
2016 $10,862 $901,884 $883,848 $18,036
2015 $10,795 $888,337 $870,571 $17,766
2014 $10,536 $870,936 $853,518 $17,418
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17130693

California Regional Multiple Listing Service (CRMLS)

APN: 048-052-08