R
Seller's Agent in 2022
Ryan Gunderson
Arbor Real Estate
(949) 673-3444
69 in this area
104 Total Sales
407 N Bay Front Newport Beach, CA 92662
Balboa Island NeighborhoodEstimated Value: $4,935,000 - $9,935,000
3
Beds
5
Baths
2,505
Sq Ft
$3,204/Sq Ft
Est. Value
Highlights
- Property Fronts a Bay or Harbor
- New Construction
- Wood Flooring
- Abraham Lincoln Elementary School Rated A
- Fireplace in Primary Bedroom
- High Ceiling
About This Home
As of October 2022Brand New Custom Cape Cod Bayfront with private floating dock for a 32-foot boat. This stunning modern design by Brandon Architects and built by Waterpointe Custom Homes offers a spacious open floorplan, oversized lot and square footage, stunning views, and an abundance of outdoor space. Situated on the "quiet end" of the Island and resting on a pristine beach, this impressive design provides three bedrooms, five baths, outstanding roof deck with covered loggia, and picturesque details throughout. The first floor has a welcoming open great room with high and detailed ceilings, gourmet kitchen with Island, built-in bar, fireplace, LaCantina doors, and a spacious front patio. The second floor has three generous suites and laundry room including a stunning master retreat with model-like bath, walk-in closet, fireplace, and outstanding views. The third floor offers a second built-in bar with sink and floating shelves, bath, and a spectacular roof deck with loggia and fantastic views of the Bay, Fashion Island, and more. The home also comes with an elevator to all levels, two-car garage, and a large floating dock that has been completely refurbished and can accommodate up to a 32-foot boat. This is the first brand new Island Bayfront to come on the market in years. Don't miss out!
Last Agent to Sell the Property
Arbor Real Estate License #01869795 Listed on: 08/31/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $118,133
Year Built
- Built in 2022 | New Construction
Lot Details
- 2,912 Sq Ft Lot
- Property Fronts a Bay or Harbor
- Irregular Lot
Parking
- 2 Car Attached Garage
Property Views
- Bay
- City Lights
Interior Spaces
- 2,505 Sq Ft Home
- 2-Story Property
- Elevator
- High Ceiling
- Family Room Off Kitchen
- Living Room with Fireplace
- Laundry Room
Kitchen
- Open to Family Room
- Six Burner Stove
- Gas Range
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
Additional Features
- More Than Two Accessible Exits
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Balboa Island Main Island Subdivision
Listing and Financial Details
- Legal Lot and Block 4 / 8
- Tax Tract Number 99
- Assessor Parcel Number 05003103
- $27,000 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 31, 2022
Closed on
Sep 16, 2022
Sold by
Fwp Avocado Llc
Bought by
Hale Family Trust
Seller's Agent
Ryan Gunderson
Arbor Real Estate
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$10,995,000
Sold Price
$10,800,000
Premium/Discount to List
-$195,000
-1.77%
Views
29
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
-$2,773,327
Avg. Annual Appreciation
-10.09%
Original Mortgage
$5,940,000
Outstanding Balance
$5,655,399
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$2,320,403
Purchase Details
Closed on
Apr 2, 2019
Sold by
Nemec Frederick J and Rutan Linda Marie
Bought by
Fwp Avocado Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,210,000
Interest Rate
4%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 3, 1998
Sold by
Nemec Barbara J
Bought by
Nemec Barbara J
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hale Family Trust | $10,800,000 | First American Title | |
| Fwp Avocado Llc | $3,400,000 | First American Title Company | |
| Nemec Barbara J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hale Family Trust | $5,940,000 | |
| Previous Owner | Fwp Avocado Llc | $3,800,000 | |
| Previous Owner | Fwp Avocado Llc | $750,000 | |
| Previous Owner | Fwp Avocado Llc | $2,210,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/07/2022 10/07/22 | Sold | $10,800,000 | -1.8% | $4,311 / Sq Ft |
| 09/17/2022 09/17/22 | Pending | -- | -- | -- |
| 08/31/2022 08/31/22 | For Sale | $10,995,000 | +223.4% | $4,389 / Sq Ft |
| 06/28/2019 06/28/19 | Sold | $3,400,000 | -2.9% | $1,154 / Sq Ft |
| 03/14/2019 03/14/19 | Pending | -- | -- | -- |
| 02/19/2019 02/19/19 | For Sale | $3,500,000 | -- | $1,188 / 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 | $118,133 | $11,236,320 | $10,000,025 | $1,236,295 |
| 2024 | $118,133 | $11,016,000 | $9,803,946 | $1,212,054 |
| 2023 | $115,416 | $10,800,000 | $9,611,711 | $1,188,289 |
| 2022 | $42,337 | $3,850,209 | $3,433,467 | $416,742 |
| 2021 | $39,439 | $3,574,515 | $3,366,145 | $208,370 |
| 2020 | $37,014 | $3,468,000 | $3,331,630 | $136,370 |
| 2019 | $5,645 | $489,256 | $369,723 | $119,533 |
| 2018 | $5,536 | $479,663 | $362,473 | $117,190 |
| 2017 | $5,440 | $470,258 | $355,365 | $114,893 |
| 2016 | $5,322 | $461,038 | $348,397 | $112,641 |
| 2015 | $5,269 | $454,113 | $343,163 | $110,950 |
| 2014 | $5,147 | $445,218 | $336,441 | $108,777 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Don Abrams
Abrams Coastal Properties
(714) 325-9055
68 in this area
96 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22191600
APN: 050-031-03
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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