409 Belvue Ln Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $4,473,000 - $5,851,000
3
Beds
2
Baths
1,371
Sq Ft
$3,648/Sq Ft
Est. Value
Highlights
- No HOA
- Cottage
- Laundry Room
- Newport Elementary School Rated A
- Enclosed patio or porch
- 2 Car Garage
About This Home
As of March 2023Welcome to 409 Belvue Lane. Bright & charming, this 3-bedroom, 2-bathroom home is nestled into one of the most desirable locations in Newport Beach: Balboa's Peninsula Point community. Located on the only strada street on the peninsula and never having been on the market before, this is a great opportunity. The beach-chic living area leads into the kitchen which is complete with a cozy dining nook and windows that peer into a stunning dining/sun room – the perfect place to entertain or relax under the sun. The home is complete with a large private patio, perfect for entertaining or enjoying the ocean breeze as it passes through. Just a short walk to the beach or bay, you can also have access to the Peninsula Point homeowners’ exclusive bay beach/BBQ area. Complete with a two-car garage, this is truly a historic offering in a landmark location all within close proximity to the Wedge, Balboa Village and Ferry, Lido Marina Village and world-class dining and shopping.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $47,080
Year Built
- Built in 1951
Lot Details
- 4,000 Sq Ft Lot
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Parking Available
Home Design
- Cottage
Interior Spaces
- 1,371 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Outdoor Features
- Enclosed patio or porch
Schools
- Newport Harbor High School
Community Details
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 1090
- Assessor Parcel Number 04825131
- $369 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 1, 2023
Closed on
Mar 8, 2023
Sold by
Susan Gessford 1980 Trust
Bought by
Argent Co
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$4,795,000
Sold Price
$4,350,000
Premium/Discount to List
-$445,000
-9.28%
Total Days on Market
33
Views
34
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
$651,727
Avg. Annual Appreciation
6.49%
Original Mortgage
$2,350,000
Outstanding Balance
$2,289,316
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$2,712,411
Purchase Details
Closed on
Nov 14, 2008
Sold by
Gessford Susan M
Bought by
Gessford Susan and The Susan Gessford 1980 Trust
Purchase Details
Closed on
Feb 8, 2008
Sold by
Gessford Susan
Bought by
Gessford Susan M and John E Gessford & Susan M Gessford Trust
Similar Homes in the area
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 |
|---|---|---|---|
| Argent Co | $4,350,000 | Fidelity National Title | |
| Gessford Susan | -- | None Available | |
| Gessford Susan M | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Argent Co | $2,350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2023 03/14/23 | Sold | $4,350,000 | -9.3% | $3,173 / Sq Ft |
| 02/01/2023 02/01/23 | For Sale | $4,795,000 | -- | $3,497 / 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 |
|---|---|---|---|---|
| 2024 | $47,080 | $4,437,000 | $4,284,000 | $153,000 |
| 2023 | $45,981 | $4,350,000 | $4,200,000 | $150,000 |
| 2022 | $5,400 | $478,334 | $405,831 | $72,503 |
| 2021 | $5,298 | $468,955 | $397,873 | $71,082 |
| 2020 | $5,247 | $464,147 | $393,793 | $70,354 |
| 2019 | $5,144 | $455,047 | $386,072 | $68,975 |
| 2018 | $5,044 | $446,125 | $378,502 | $67,623 |
| 2017 | $4,956 | $437,378 | $371,080 | $66,298 |
| 2016 | $4,848 | $428,802 | $363,803 | $64,999 |
| 2015 | $4,800 | $422,361 | $358,338 | $64,023 |
| 2014 | $4,688 | $414,088 | $351,319 | $62,769 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Bibb
Seller's Agent in 2023
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
54 in this area
125 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP23015112
APN: 048-251-31
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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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