Seller's Agent in 2020
Steve High
Pacific Sotheby’s International Realty
(949) 874-4724
3 in this area
66 Total Sales
42 Balboa Coves Newport Beach, CA 92663
West Newport Beach NeighborhoodEstimated Value: $4,799,000 - $6,763,000
5
Beds
4.5
Baths
4,478
Sq Ft
$1,333/Sq Ft
Est. Value
Highlights
- Marina
- Sea Front
- Private Dock Site
- Newport Elementary School Rated A
- Property has ocean access
- 4-minute walk to 38th Street Park
About This Home
As of April 2020This “turnkey” Balboa Coves traditional style, bayfront home is one of the largest in the neighborhood with over 4,500 square feet of living space and features an oversized lot, great entertaining floorplan and a spectacular waterfront view of the cove and channel. The lower level of the home features a great room with a fireplace, entertainment center, formal dining area, wetbar, wine refrigerator, a bedroom suite with a marble bath, powder bath, laundry room, three car attached garage, and an abundant kitchen with professional grade stainless steel appliances, granite countertops, and a large pantry. The upstairs of the home is highlighted with a luxurious water view master suite with a fireplace, sitting area, bayside deck, marble bath, and an extraordinary walk-in closet; in addition, there are two bedroom suites, one with a private bath, a hall bathroom, loft office with built-ins and a third story loft area and huge rooftop deck. The home also features two zones of air conditioning, high ceilings, marble floors, an outdoor firepit, Jacuzzi, Paddleboard storage and a private boat slip to accommodate a 37’ yacht. Balboa Coves is a private gated community of 68 waterfront homes that features private boat slips, grass areas & children’s play park. All of the fun of Newport Harbor is out your door think paddleboarding, kayaking, swimming, boat or stroll to the new Lido Village or taking the Duffy out for cocktails or to one of the many waterfront restaurants in the harbor
Last Agent to Sell the Property
Pacific Sotheby’s International Realty License #00936421 Listed on: 02/13/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $31,982
Year Built
- Built in 1991
Lot Details
- 4,212 Sq Ft Lot
- Sea Front
- Property Fronts a Bay or Harbor
- Home fronts a canal
- Property fronts a private road
- Cul-De-Sac
- Fenced
- Stucco Fence
- Sprinkler System
HOA Fees
- $160 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- 2 Carport Spaces
- Parking Available
- Front Facing Garage
- Two Garage Doors
- Guest Parking
Property Views
- Marina
- Coastline
- Bay
- Harbor
- Bridge
- Canal
Home Design
- Cape Cod Architecture
- Traditional Architecture
- Turnkey
- Planned Development
- Flat Roof Shape
- Slab Foundation
- Interior Block Wall
- Rolled or Hot Mop Roof
- Synthetic Roof
- Concrete Roof
- Copper Plumbing
- Clapboard
- Stucco
Interior Spaces
- 4,478 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wet Bar
- Bar
- Cathedral Ceiling
- Recessed Lighting
- Fireplace With Gas Starter
- Great Room
- Living Room with Fireplace
- Living Room with Attached Deck
- Combination Dining and Living Room
- Bonus Room with Fireplace
- Loft
- Laundry Room
Kitchen
- Breakfast Bar
- Gas Oven
- Self-Cleaning Oven
- Six Burner Stove
- Built-In Range
- Microwave
- Water Line To Refrigerator
- Dishwasher
- Granite Countertops
Flooring
- Carpet
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Maid or Guest Quarters
- Granite Bathroom Countertops
- Stone Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Hydromassage or Jetted Bathtub
- Separate Shower
Outdoor Features
- Above Ground Spa
- Property has ocean access
- Boat Slip
- Private Dock Site
- Docks
- Brick Porch or Patio
- Fire Pit
- Exterior Lighting
Utilities
- Forced Air Zoned Heating and Cooling System
- Underground Utilities
- Natural Gas Connected
- Central Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 42
- Tax Tract Number 1011
- Assessor Parcel Number 42304120
Community Details
Overview
- Balboa Coves Association
- Balboa HOA
- Maintained Community
Amenities
- Picnic Area
Recreation
- Boat Dock
- Pier or Dock
- Marina
- Community Playground
- Water Sports
Security
- 24-Hour Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 13, 2020
Closed on
Mar 13, 2020
Sold by
Jacobs Stanley A
Bought by
Roberts Timothy E
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
List Price
$4,195,000
Sold Price
$2,800,000
Premium/Discount to List
-$1,395,000
-33.25%
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
$3,167,283
Avg. Annual Appreciation
14.69%
Original Mortgage
$1,700,000
Outstanding Balance
$1,496,893
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$4,470,390
Purchase Details
Closed on
Apr 2, 2008
Sold by
Glusman Family Limited Partnership
Bought by
Glusman Fred J
Purchase Details
Closed on
May 12, 2005
Sold by
Glusman Fred J
Bought by
Glusman Family Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,468,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 26, 2004
Sold by
Zietz Allen M and Zietz Cheryl L
Bought by
Chino Promenade Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,850
Interest Rate
6.09%
Mortgage Type
Balloon
Purchase Details
Closed on
Jul 21, 1999
Sold by
Zietz Allen M and Zietz Cheryl L
Bought by
Zietz Allen M and Zietz Cheryl L
Purchase Details
Closed on
Apr 8, 1999
Sold by
Cornwell Edwin S and Cornwell Jane L
Bought by
Zietz Allen M and Zietz Cheryl L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.86%
Purchase Details
Closed on
Jul 30, 1997
Sold by
Larson Lance M and Lee Betty Lee
Bought by
Cornwell Edwin S and Cornwell Jane L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.58%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 27, 1995
Sold by
Puttler Josephine Ann
Bought by
Larson Betty L and The Josephine Puttler Personal Trust
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 |
|---|---|---|---|
| Roberts Timothy E | $2,800,000 | Chicago Title Company | |
| Glusman Fred J | -- | Accommodation | |
| Glusman Fred J | -- | Accommodation | |
| Glusman Family Lp | -- | -- | |
| Glusman Fred J | -- | Chicago Title Co | |
| Glusman Fred J | -- | Chicago Title | |
| Chino Promenade Llc | $2,900,000 | Chicago Title Co Irvine | |
| Zietz Allen M | -- | Lawyers Title Company | |
| Zietz Allen M | $1,395,000 | Fidelity National Title Ins | |
| Cornwell Edwin S | $935,000 | -- | |
| Larson Betty L | -- | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Roberts Timothy E | $1,700,000 | |
| Previous Owner | Glusman Fred J | $2,468,000 | |
| Previous Owner | Chino Promenade Llc | $981,850 | |
| Previous Owner | Zietz Allen M | $900,000 | |
| Previous Owner | Cornwell Edwin S | $700,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/03/2020 04/03/20 | Sold | $2,800,000 | -25.3% | $625 / Sq Ft |
| 02/27/2020 02/27/20 | Price Changed | $3,750,000 | -10.6% | $837 / Sq Ft |
| 02/13/2020 02/13/20 | For Sale | $4,195,000 | -- | $937 / 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 | $31,982 | $3,062,207 | $2,330,415 | $731,792 |
| 2024 | $31,982 | $3,002,164 | $2,284,720 | $717,444 |
| 2023 | $31,235 | $2,943,299 | $2,239,922 | $703,377 |
| 2022 | $30,718 | $2,885,588 | $2,196,002 | $689,586 |
| 2021 | $30,129 | $2,829,008 | $2,152,943 | $676,065 |
| 2020 | $38,809 | $3,658,911 | $2,992,573 | $666,338 |
| 2019 | $37,999 | $3,587,168 | $2,933,895 | $653,273 |
| 2018 | $37,239 | $3,516,832 | $2,876,368 | $640,464 |
| 2017 | $36,578 | $3,447,875 | $2,819,969 | $627,906 |
| 2016 | $35,752 | $3,380,270 | $2,764,675 | $615,595 |
| 2015 | $35,416 | $3,329,496 | $2,723,147 | $606,349 |
| 2014 | $34,579 | $3,264,276 | $2,669,804 | $594,472 |
Source: Public Records
Agents Affiliated with this Home
-
Steve High
-
Evan Corkett
Seller Co-Listing Agent in 2020
Evan Corkett
Pacific Sotheby's Int'l Realty
(949) 285-1055
1 in this area
43 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG20031325
APN: 423-041-20
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