NOT LISTED FOR SALE

Estimated Value: $4,591,000 - $6,076,000

3 Beds
2.5 Baths
3,000 Sq Ft
$1,748/Sq Ft Est. Value

Last Sold June 20, 2016

Last sale price $2,320,000 $773 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $30,725/month

182 Days on Market

Highlights

  • Bay View
  • Main Floor Bedroom
  • No HOA
  • Abraham Lincoln Elementary School Rated A
  • Granite Countertops
  • Cottage

About This Home

As of June 2016

OVERSIZE LOT! Beautiful Balboa Island home 60 steps to the North Bay Front and wide sandy beach. This unique property is on a rare 40 foot wide lot and has a large apartment at the back. The main house has two bedrooms upstairs and one down, and two beautiful marble baths. There is a ground floor office as well. WATER VIEW! Watch the yachts and kayaks from the dining area and kitchen. Four sided fireplace. The side patio gives an indoor/outdoor feel. The large front patio extends the living area and is great for entertaining. The spacious apartment features two bedrooms and one bath.

Last Agent to Sell the Property

Paul Evans

Berkshire Hathaway HomeService License #00714444 Listed on: 10/12/2015

Last Buyer's Agent

Mary McCoy

First Team Real Estate License #01037981

First Team Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,377

Year Built

  • Built in 1941

Lot Details

  • 3,400 Sq Ft Lot
  • Lot Dimensions are 40x85
  • Paved or Partially Paved Lot
  • Property is zoned R-1.5

Parking

  • 2 Car Garage
  • Carport
  • Parking Available
  • Side Facing Garage
  • Two Garage Doors
  • Garage Door Opener

Home Design

  • Cottage
  • Raised Foundation
  • Slab Foundation
  • Shake Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • See Through Fireplace
  • Gas Fireplace
  • Blinds
  • Garden Windows
  • Wood Frame Window
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Office
  • Bay Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Range
  • Dishwasher
  • Granite Countertops
  • Ceramic Countertops
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry Located Outside

Accessible Home Design

  • Low Pile Carpeting
  • Accessible Parking

Outdoor Features

  • Brick Porch or Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Overhead Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 22 / 18
  • Tax Tract Number 3
  • Assessor Parcel Number 05014134

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,377

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: Refrigerator, oven, cooktop, disposal, compactor, mw, dw, egdo w/2 remotes, plans used for adding apt.
  • Property Attached: Yes
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Zoning: R-1.5
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05014134
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3000.00
  • Interior Amenities: Ceramic Counters, Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Recessed Lighting
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Accessibility Features: Low Pile Carpeting, Parking
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Fireplace Features: Family Room, Gas, Living Room, See Through
  • Levels: Two
  • Price Per Square Foot: 773.33
  • Room Type: Living Room, Master Bedroom, Main Floor Bedroom, Walk-In Closet, Office
  • Window Features: Blinds, Garden Window(s), Wood Frames

Exterior Features

  • Patio: Yes
  • Foundation: Slab, Raised
  • View: Bay, Water
  • Patio And Porch Features: Brick
  • Pool Private: No
  • Roof: Shake
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage Door Opener, Garage Faces Side, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Dishwasher, Disposal, Gas Range, Gas Water Heater, Refrigerator, Trash Compactor, Tankless Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Outside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Green Features

  • Efficiency: Water Heater

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved, Utilities - Overhead
  • Lot Size: 40x85
  • Lot Size Sq Ft: 3400.00
  • Price Per Lot Square Foot: 647.06
  • Lot Size Acres: 0.0780

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3400.0000 Square Feet

Tax Info

  • Tax Block: 18
  • Tax Lot: 22
  • Tax Tract Number: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2015
Closed on
Apr 22, 2016
Sold by
Evans Paul Russell and Evans Scottia Phillips
Bought by
Lederer Family Living Trust
Seller's Agent
Paul Evans
Berkshire Hathaway HomeService
Buyer's Agent
Mary McCoy
First Team Real Estate
List Price
$2,650,000
Sold Price
$2,320,000
Premium/Discount to List
-$330,000
-12.45%
Current Estimated Value
$5,244,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,924,842
Avg. Annual Appreciation
8.57%
Original Mortgage
$1,880,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2012
Sold by
Evans Paul and Evans Scottia
Bought by
Evans Paul Russell and Evans Scottia Phillips

Purchase Details

Closed on
Jun 20, 2006
Sold by
Evans Paul Russell and Evans Scottia Phillips
Bought by
Evans Paul and Evans Scottia

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
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2003
Sold by
Evans Scottia
Bought by
Evans Paul Russell and Evans Scottia Phillips

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.17%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 17, 2003
Sold by
Evans Paul R and Evans Scottia P
Bought by
Evans Paul R and Evans Scottia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.17%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 9, 2003
Sold by
Evans Scottia
Bought by
Evans Paul R and Evans Scottia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,000
Interest Rate
5.5%

Purchase Details

Closed on
Aug 6, 2001
Sold by
Evans Paul R
Bought by
Evans Scottia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$873,000
Interest Rate
7.87%

Purchase Details

Closed on
May 11, 1998
Sold by
Raymond Lowy Howard and Lynn Janis Lynn
Bought by
Evans Paul R and Evans Scottia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$469,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

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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
Lederer Family Living Trust $2,320,000 Fidelity National Title
Evans Paul Russell -- None Available
Evans Paul -- First American Title Co
Evans Paul Russell -- --
Evans Paul R -- First American Title Co
Evans Paul R -- Southland Title
Evans Scottia -- Southland Title Corporation
Evans Paul R -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lederer Family Living Trust $1,880,000
Previous Owner Lederer Family Living Trust $1,880,000
Previous Owner Evans Paul $1,778,000
Previous Owner Evans Paul $1,750,000
Previous Owner Evans Paul R $300,000
Previous Owner Evans Paul R $890,000
Previous Owner Evans Scottia $873,000
Previous Owner Evans Paul R $150,000
Previous Owner Evans Paul R $100,000
Previous Owner Evans Paul R $469,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2016 06/20/16 Sold $2,320,000 -7.0% $773 / Sq Ft
04/14/2016 04/14/16 Price Changed $2,495,000 -3.7% $832 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
03/11/2016 03/11/16 Price Changed $2,590,000 -2.3% $863 / Sq Ft
10/12/2015 10/12/15 For Sale $2,650,000 -- $883 / 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 $33,377 $3,197,438 $2,511,329 $686,109
2024 $33,377 $3,134,744 $2,462,088 $672,656
2023 $32,597 $3,073,279 $2,413,812 $659,467
2022 $32,059 $3,013,019 $2,366,482 $646,537
2021 $31,444 $2,953,941 $2,320,081 $633,860
2020 $31,142 $2,923,652 $2,296,291 $627,361
2019 $30,494 $2,866,326 $2,251,266 $615,060
2018 $25,519 $2,394,549 $2,207,124 $187,425
2017 $25,265 $2,366,400 $2,163,848 $202,552
2016 $12,457 $1,160,793 $960,711 $200,082
2015 $12,338 $1,143,357 $946,280 $197,077
2014 $12,046 $1,120,961 $927,744 $193,217
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15223554

California Regional Multiple Listing Service (CRMLS)

APN: 050-141-34