425 Belvue Ln Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
3
Beds
4
Baths
3,305
Sq Ft
4,000
Sq Ft Lot
Highlights
- Across the Road from Lake or Ocean
- Deck
- Main Floor Bedroom
- Newport Elementary School Rated A
- Wood Flooring
- Bonus Room
About This Home
As of January 2025MAJOR PRICE REDUCTION! Nestled in the coveted Balboa Peninsula Point neighborhood, 425 Belvue Lane is a captivating two-story residence seamlessly blending modern living with coastal charm. Featuring three bedrooms and four bathrooms, this home offers a versatile layout for comfort and functionality. The main level encompasses a downstairs retreat with one bedroom, a spacious living room, and dining room with doors opening up to both the front yard and rear enclosed patio. The functional kitchen can be found off the dining room, which includes a walk-in pantry and additional eating space opening up to the private brick patio; providing an ideal space for daily living. Upstairs, the master suite features his and her sinks, a walk-in closet, and sliding doors leading to a charming small deck with views of the strada. An additional bedroom, bathroom, and entertainment room, separated by sliding doors, offer flexible living spaces with a wraparound deck overlooking the courtyard. The living room, adorned with a fireplace, has vaulted ceilings with skylights bathing the interior with natural light. With its prime location on the only Strada street on the Peninsula, a full interior laundry room, three car garage, and entertainment-ready spaces, 425 Belvue Lane provides a unique opportunity to experience the coastal lifestyle at its finest.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,438
Year Built
- Built in 1998
Lot Details
- 4,000 Sq Ft Lot
- Vinyl Fence
- Lawn
- Front Yard
- Density is up to 1 Unit/Acre
Parking
- 3 Car Direct Access Garage
- Parking Available
- Rear-Facing Garage
Interior Spaces
- 3,305 Sq Ft Home
- 2-Story Property
- Built-In Features
- High Ceiling
- Family Room
- Living Room with Fireplace
- Dining Room
- Den
- Bonus Room
- Wood Flooring
- Neighborhood Views
- Laundry Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Six Burner Stove
- Gas Range
- Range Hood
- Microwave
- Freezer
- Ice Maker
- Water Line To Refrigerator
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
- Walk-In Closet
- 4 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Walk-in Shower
Outdoor Features
- Balcony
- Deck
- Patio
- Wrap Around Porch
Location
- Across the Road from Lake or Ocean
- Property is near a park
Schools
- Newport Elementary School
- Ensign Middle School
- Newport Harbor High School
Utilities
- Central Heating
- High-Efficiency Water Heater
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 1090
- Assessor Parcel Number 04825123
- $380 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Recreation
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 11, 2024
Closed on
Jan 6, 2025
Sold by
Geriak Family Trust and Geriak Suzanne D
Bought by
Matthew R Canada And Sara A Canada Revocable and Canada
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$5,795,000
Sold Price
$5,000,000
Premium/Discount to List
-$795,000
-13.72%
Total Days on Market
277
Views
57
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
$62,708
Avg. Annual Appreciation
3.16%
Purchase Details
Closed on
Aug 22, 2019
Sold by
Geriak Suzanne D and Geriak Timothy T
Bought by
Geriak Suzanne D and Geriak Timothy T
Purchase Details
Closed on
Apr 16, 1996
Sold by
Egge Eric A and Frisbie Dorothy L
Bought by
Geriak James William and Geriak Suzanne Dall
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $5,000,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Individual Deed | $444,000 | Guardian Title Company |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/10/2025 01/10/25 | Sold | $5,000,000 | -7.3% | $1,513 / Sq Ft |
| 12/13/2024 12/13/24 | Pending | -- | -- | -- |
| 12/02/2024 12/02/24 | Price Changed | $5,395,000 | -5.3% | $1,632 / Sq Ft |
| 06/20/2024 06/20/24 | Price Changed | $5,695,000 | -1.7% | $1,723 / Sq Ft |
| 03/11/2024 03/11/24 | For Sale | $5,795,000 | -- | $1,753 / 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 | $5,438 | $486,454 | $43,142 | $443,312 |
| 2023 | $5,306 | $476,916 | $42,296 | $434,620 |
| 2022 | $5,213 | $467,565 | $41,466 | $426,099 |
| 2021 | $5,114 | $458,398 | $40,653 | $417,745 |
| 2020 | $5,063 | $453,698 | $40,236 | $413,462 |
| 2019 | $4,963 | $444,802 | $39,447 | $405,355 |
| 2018 | $4,865 | $436,081 | $38,674 | $397,407 |
| 2017 | $4,779 | $427,531 | $37,916 | $389,615 |
| 2016 | $4,673 | $419,149 | $37,173 | $381,976 |
| 2015 | $4,626 | $412,853 | $36,614 | $376,239 |
| 2014 | $4,516 | $404,766 | $35,897 | $368,869 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Bibb
Seller's Agent in 2025
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
52 in this area
123 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24045161
APN: 048-251-23
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