NOT LISTED FOR SALE

Estimated Value: $5,666,000 - $6,809,000

4 Beds
6 Baths
3,208 Sq Ft
$2,003/Sq Ft Est. Value

Last Sold February 22, 2024

Last sale price $6,505,000 $2,028 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $37,794/month

76 Days on Market

Highlights

  • New Construction
  • Bay View
  • 3 Car Attached Garage
  • Abraham Lincoln Elementary School Rated A
  • No HOA
  • Laundry Room

About This Home

As of February 2024

Experience Island living at its finest in this stunning brand-new oversized custom home! Situated on an oversized 40-foot-wide lot just one door away from the Bay, this massive and exceptional property offers an outstanding design, tremendous outdoor space, picturesque finishes, and Bay views from every level. The home provides four spacious bedroom suites + loft, six baths, a large kitchen with walk-in pantry, and an array of impressive features such as an elevator, rooftop deck complete with a covered loggia, fireplace, and built-in BBQ, a rare three-car garage, and a spacious private interior courtyard with fireplace. The master bedroom is a true retreat, featuring a private balcony, vaulted ceilings, a spectacular bathroom with a luxurious freestanding tub, and one of the largest and most impressive walk-in closets on all of Balboa Island. This home effortlessly combines elegance with functionality, offering an outstanding and rare opportunity that won't last long!

Last Agent to Sell the Property

Ryan Gunderson

Arbor Real Estate Brokerage Email: ryan@arborrealestate.com License #01869795 Listed on: 11/06/2023

Arbor Real Estate

Last Buyer's Agent

Kristen Peay

Compass License #02124345

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,379

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 3,400 Sq Ft Lot
  • Rectangular Lot

Parking

  • 3 Car Attached Garage

Property Views

  • Bay
  • City Lights

Interior Spaces

  • 3,208 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Six Burner Stove
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms

Additional Features

  • More Than Two Accessible Exits
  • Central Air

Community Details

  • No Home Owners Association
  • Balboa Island Main Island Subdivision

Listing and Financial Details

  • Legal Lot and Block 15 / 13
  • Tax Tract Number 102
  • Assessor Parcel Number 05015207
  • $33,000 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,379

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05015207
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 3208.00 Square Feet
  • Interior Amenities: Elevator
  • Stories: 3
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2027.74
  • Room Type: All Bedrooms Up

Exterior Features

  • View: Bay, City Lights
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Appliances: 6 Burner Stove, Gas Oven, Gas Range, Refrigerator
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

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: Rectangular Lot
  • Lot Size Sq Ft: 3400.00
  • Lot Size Acres: 0.0781

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3400.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 13
  • Tax Census Tract: 630.06
  • Tax Lot: 15
  • Tax Tract Number: 102
  • TaxOtherAnnualAssessmentAmount: 33000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2023
Closed on
Feb 14, 2024
Sold by
Watercrest Development Group Llc
Bought by
Surdey Todd and Surdey Kelley Cassin
Seller's Agent
Ryan Gunderson
Arbor Real Estate
Buyer's Agent
Kristen Peay
Compass
List Price
$6,795,000
Sold Price
$6,505,000
Premium/Discount to List
-$290,000
-4.27%
Total Days on Market
76
Views
130
Current Estimated Value
$6,424,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$80,398
Avg. Annual Appreciation
-0.97%

Purchase Details

Closed on
Jul 6, 2022
Sold by
Nguyen Chinh M
Bought by
Watercrest Development Group Llc

Purchase Details

Listed on
Jul 7, 2021
Closed on
Jul 6, 2021
Sold by
Trinh Tuyet Oanh Thi
Bought by
Nguyen Chinh Minh
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Ryan Gunderson
Arbor Real Estate
List Price
$2,450,000
Sold Price
$2,400,000
Premium/Discount to List
-$50,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.72%
Original Mortgage
$1,800,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 7, 2021
Closed on
May 14, 2021
Sold by
Contreras Edward Alvino and Contreras Maria
Bought by
Nguyen Chinh Minh
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Ryan Gunderson
Arbor Real Estate
List Price
$2,450,000
Sold Price
$2,400,000
Premium/Discount to List
-$50,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2019
Closed on
Nov 6, 2019
Sold by
Everakes Robert and Everakes Alexandra
Bought by
Contreras Edward Alvino and Contreras Maria
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$2,095,000
Sold Price
$1,950,000
Premium/Discount to List
-$145,000
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.33%

Purchase Details

Closed on
Mar 30, 2015
Sold by
Everakes Robert and Everakes Alexandra
Bought by
The Robert & Alexandra Everakes Trust

Purchase Details

Closed on
Jan 7, 2012
Sold by
Frackelton John and Frackelton Elizabeth Anne
Bought by
Frackelton John and Frackelton Elizabeth Anne

Purchase Details

Closed on
Aug 30, 2011
Sold by
Higbie Richard A and Jinkens Robert C
Bought by
Everakes Robert and Everakes Alexandra

Purchase Details

Closed on
May 18, 1994
Sold by
Thurston Juanita P
Bought by
Thurston Juanita P
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
Surdey Todd $6,505,000 Fidelity National Title
Watercrest Development Group Llc -- None Listed On Document
Nguyen Chinh Minh -- Lawyers Title
Nguyen Chinh Minh $2,450,000 Lawyers Title
Contreras Edward Alvino $1,950,000 Lawyers Title Company
The Robert & Alexandra Everakes Trust -- None Available
Everakes Robert -- None Available
Frackelton John -- None Available
Everakes Robert $1,024,000 First American Title Company
Thurston Juanita P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Chinh Minh $1,800,000
Previous Owner Nguyen Chinh Minh $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $6,505,000 +0.2% $2,028 / Sq Ft
01/21/2024 01/21/24 Pending -- -- --
01/05/2024 01/05/24 Price Changed $6,495,000 -4.4% $2,025 / Sq Ft
11/06/2023 11/06/23 For Sale $6,795,000 +183.1% $2,118 / Sq Ft
07/07/2021 07/07/21 Sold $2,400,000 -2.0% $2,649 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $2,450,000 +25.6% $2,704 / Sq Ft
12/18/2019 12/18/19 Sold $1,950,000 -6.9% $2,152 / Sq Ft
12/02/2019 12/02/19 For Sale $2,095,000 0.0% $2,312 / Sq Ft
10/31/2019 10/31/19 Pending -- -- --
10/03/2019 10/03/19 Price Changed $2,095,000 -6.7% $2,312 / Sq Ft
07/02/2019 07/02/19 Price Changed $2,245,000 -4.3% $2,478 / Sq Ft
06/05/2019 06/05/19 Price Changed $2,345,000 -4.1% $2,588 / Sq Ft
05/29/2019 05/29/19 Price Changed $2,445,000 -2.0% $2,699 / Sq Ft
04/24/2019 04/24/19 For Sale $2,495,000 -- $2,754 / 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 $44,379 $3,900,994 $2,507,109 $1,393,885
2023 $33,977 $2,934,279 $2,457,950 $476,329
2022 $28,497 $2,674,381 $2,409,755 $264,626
2021 $21,093 $1,970,202 $1,929,957 $40,245
2020 $20,891 $1,950,000 $1,910,167 $39,833
2019 $12,479 $1,152,724 $1,110,279 $42,445
2018 $12,232 $1,130,122 $1,088,509 $41,613
2017 $12,016 $1,107,963 $1,067,165 $40,798
2016 $11,748 $1,086,239 $1,046,240 $39,999
2015 $11,636 $1,069,923 $1,030,524 $39,399
2014 $11,363 $1,048,965 $1,010,337 $38,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23205051

California Regional Multiple Listing Service (CRMLS)

APN: 050-152-07