Seller's Agent in 2016
Sean Jarne
First Team Real Estate
(949) 929-8707
1 in this area
73 Total Sales
4024 Channel Place Newport Beach, CA 92663
West Newport Beach NeighborhoodEstimated Value: $3,452,298 - $4,950,000
2
Beds
2
Baths
1,200
Sq Ft
$3,442/Sq Ft
Est. Value
Highlights
- Marina
- Ocean View
- Private Dock Site
- Newport Elementary School Rated A
- Property has ocean access
- Home fronts a seawall
About This Home
As of July 2016Welcome to your coastal cottage with private dock! One of the best locations on the Northwest corner of Newport Island, this home is on the widest part of the channel with water views from the front and rear of the property. The cottage has been rebuilt and redesigned and is highlighted by a large great room framed with beamed ceilings over looking the water. The remodeled home boasts an abundance of natural light and a blending of warm Walnut hardwood floors, elegant colors, and fine finishes that create the feeling of relaxation and comfort throughout. The back patio with water views flows seamlessly to the great room, dining area and modern gourmet kitchen with modern Carrera Marble counter-tops. This is entertaining at its best with indoor-outdoor living on the water. The bedrooms and bathrooms have been remodeled and modernized with glass doors and crown molding. The home has a private dock that will hold up to a 30-foot boat and has been completely refinished. Boat, walk or bike to the beach or the nearby parks, restaurants, Catalina, or any activities the Peninsula has to offer! Don’t miss this rare opportunity to own on and experience Newport Island.
Last Agent to Sell the Property
First Team Real Estate License #01447010 Listed on: 04/30/2016
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $29,815
Year Built
- Built in 1940 | Remodeled
Lot Details
- 3,420 Sq Ft Lot
- Home fronts a seawall
- Property Fronts a Bay or Harbor
- Home fronts a canal
- East Facing Home
- Block Wall Fence
- Stucco Fence
- Fence is in good condition
- Level Lot
Property Views
- Ocean
- Marina
- Bay
- Harbor
- City Lights
- Bluff
- Views of a landmark
- Canal
Home Design
- Cottage
- Turnkey
- Additions or Alterations
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Common Roof
- Wood Siding
- Pre-Cast Concrete Construction
- Partial Copper Plumbing
Interior Spaces
- 1,200 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Crown Molding
- Beamed Ceilings
- Cathedral Ceiling
- Recessed Lighting
- Drapes & Rods
- Bay Window
- Window Screens
- Panel Doors
- Formal Entry
- Family Room Off Kitchen
- Living Room
- Formal Dining Room
Kitchen
- Convection Oven
- Gas Oven
- Six Burner Stove
- Gas Cooktop
- Free-Standing Range
- Range Hood
- Freezer
- Ice Maker
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
- 220 Volts In Laundry
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Termite Clearance
Parking
- 2 Parking Spaces
- 1 Attached Carport Space
- Parking Available
- Driveway
- Paved Parking
- Parking Lot
Accessible Home Design
- Doors swing in
- More Than Two Accessible Exits
Outdoor Features
- Property has ocean access
- Private Dock Site
- Docks
- Ocean Side of Highway 1
- Slab Porch or Patio
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Overhead Utilities
- Gas Water Heater
- Sewer Paid
- Phone Connected
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 164
- Assessor Parcel Number 42305103
Community Details
Overview
- No Home Owners Association
Recreation
- Marina
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 30, 2016
Closed on
Jun 6, 2016
Sold by
Flower Michael G
Bought by
Petilli Stephen and Petilli Linda
Seller's Agent
Sean Jarne
First Team Real Estate
Buyer's Agent
Cynthia Montinola
Harcourts Prime Properties
List Price
$2,599,999
Sold Price
$2,457,500
Premium/Discount to List
-$142,499
-5.48%
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
$1,673,075
Avg. Annual Appreciation
5.87%
Original Mortgage
$1,720,250
Outstanding Balance
$1,358,480
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$2,772,095
Purchase Details
Listed on
Mar 14, 2013
Closed on
Mar 1, 2013
Sold by
4024 Channel Place Llc
Bought by
Flower Michael G
Seller's Agent
Casey Lesher
Christie's International R.E. Southern California
Buyer's Agent
Casey Lesher
Christie's International R.E. Southern California
List Price
$1,695,000
Sold Price
$1,550,000
Premium/Discount to List
-$145,000
-8.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.99%
Purchase Details
Closed on
Apr 26, 2011
Sold by
Discounted Property Investments Llc
Bought by
4024 Channel Place Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 18, 2011
Sold by
Ball Christopher J
Bought by
Discounted Property Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 19, 2006
Sold by
Belknap Michele M
Bought by
Ball Christopher J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
6.52%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 2, 2006
Sold by
Harding Alan L and Harding Maureen Elizabeth
Bought by
Ball Christopher J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,837,000
Interest Rate
8.12%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jul 22, 2005
Sold by
Harding Alan L
Bought by
Harding Alan L and Harding Maureen Elizabeth
Purchase Details
Closed on
Mar 11, 1993
Sold by
Harding Alan L
Bought by
Harding Alan L and Harding Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
7.83%
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 |
|---|---|---|---|
| Petilli Stephen | $2,457,500 | Western Resources Title Co | |
| Flower Michael G | $1,550,000 | Ticor Title Tustin Orange Co | |
| 4024 Channel Place Llc | $990,000 | Pacific Coast Title Company | |
| Discounted Property Investments Llc | $375,000 | Pacific Coast Title Company | |
| Ball Christopher J | -- | First American Title Co | |
| Ball Christopher J | $2,450,000 | First American Title Co | |
| Harding Alan L | -- | -- | |
| Harding Alan L | -- | Continental Lawyers Title Co | |
| Harding Alan L | -- | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Petilli Stephen | $680,000 | |
| Open | Petilli Stephen | $1,720,250 | |
| Previous Owner | Discounted Property Investments Llc | $400,000 | |
| Previous Owner | Ball Christopher J | $150,000 | |
| Previous Owner | Ball Christopher J | $2,080,000 | |
| Previous Owner | Ball Christopher J | $365,000 | |
| Previous Owner | Ball Christopher J | $1,837,000 | |
| Previous Owner | Harding Alan L | $38,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2016 07/01/16 | Sold | $2,457,500 | -5.5% | $2,048 / Sq Ft |
| 06/02/2016 06/02/16 | Pending | -- | -- | -- |
| 04/30/2016 04/30/16 | For Sale | $2,599,999 | +67.7% | $2,167 / Sq Ft |
| 03/15/2013 03/15/13 | Sold | $1,550,000 | -8.6% | $1,292 / Sq Ft |
| 03/14/2013 03/14/13 | For Sale | $1,695,000 | 0.0% | $1,413 / Sq Ft |
| 03/04/2013 03/04/13 | Pending | -- | -- | -- |
| 02/04/2013 02/04/13 | Price Changed | $1,695,000 | -10.6% | $1,413 / Sq Ft |
| 01/04/2013 01/04/13 | For Sale | $1,895,000 | -- | $1,579 / 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 | $29,815 | $2,852,137 | $2,722,865 | $129,272 |
| 2024 | $29,815 | $2,796,213 | $2,669,475 | $126,738 |
| 2023 | $29,118 | $2,741,386 | $2,617,133 | $124,253 |
| 2022 | $28,636 | $2,687,634 | $2,565,817 | $121,817 |
| 2021 | $28,087 | $2,634,936 | $2,515,507 | $119,429 |
| 2020 | $27,818 | $2,607,918 | $2,489,713 | $118,205 |
| 2019 | $27,240 | $2,556,783 | $2,440,895 | $115,888 |
| 2018 | $26,697 | $2,506,650 | $2,393,034 | $113,616 |
| 2017 | $26,225 | $2,457,500 | $2,346,111 | $111,389 |
| 2016 | $17,270 | $1,612,365 | $1,589,000 | $23,365 |
| 2015 | $17,107 | $1,588,146 | $1,565,131 | $23,015 |
| 2014 | $16,704 | $1,557,037 | $1,534,472 | $22,565 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2016
Cynthia Montinola
Harcourts Prime Properties
(949) 290-7668
5 Total Sales
-
Seller's Agent in 2013
Casey Lesher
Christie's International R.E. Southern California
(949) 554-1200
1 in this area
323 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG16091024
APN: 423-051-03
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