427 Belvue Ln Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $4,657,000 - $5,095,000
3
Beds
2
Baths
1,200
Sq Ft
$4,004/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- 1-Story Property
- Newport Elementary School Rated A
- Back and Front Yard
About This Home
As of April 2024Enveloped by the serene embrace of Belvue Lane, this exquisite coastal sanctuary is a true gem nestled within the idyllic Balboa Peninsula Point. Poised on a generous 4,000 square foot lot, this vintage residence exudes timeless elegance and invites endless imagination. Approaching this coastal haven, a picturesque white picket fence envelops the splendid front yard, adorned with a lush, blooming garden that leads to an inviting Dutch-door entry. Meticulously updated, the sun-drenched living spaces seamlessly flow towards a verdant lawn and a tranquil terrace, gracefully separating the charming two-bedroom cottage from an enchanting separate guest area or home office, all crowned by a welcoming garage. Whether one's vision leans towards restoring the original character of this endearing beachside bungalow or embarking on the creation of an opulent coastal retreat, the allure of Belvue Lane's picturesque promenade orientation is undeniable. A leisurely stroll away, the glistening shores and tranquil bay beckon, while Peninsula Point homeowners relish the offerings of a community racquet club and a neighborhood association bayfront BBQ area with a convenient boat launch. Nearby, the historic Balboa Village unfolds its eclectic tapestry of shops and restaurants, beckoning with its coastal charm. Included in this offering are City of Newport Beach approved architectural plans, artfully crafted by Bill Guidero, and landscape designs by Molly Wood Garden, envisioning a luxurious 3,800 square foot coastal masterpiece.
Last Agent to Sell the Property
Robin McMonigle
Compass Brokerage Phone: 214-543-6903 License #01197591 Listed on: 11/27/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $48,616
Year Built
- Built in 1951
Lot Details
- 4,000 Sq Ft Lot
- Back and Front Yard
Parking
- 2 Car Garage
Interior Spaces
- 1,200 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Additional Features
- Exterior Lighting
- Suburban Location
- Sewer on Bond
Community Details
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 1090
- Assessor Parcel Number 04825122
- $369 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2022
Closed on
Jul 13, 2022
Sold by
Wood Family Trust
Bought by
Robin Weller Trust
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Robin McMonigle
Compass
List Price
$5,250,000
Sold Price
$4,500,000
Premium/Discount to List
-$750,000
-14.29%
Total Days on Market
121
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
$304,305
Avg. Annual Appreciation
2.31%
Purchase Details
Closed on
Mar 5, 2018
Sold by
Wood Jean K L
Bought by
Wood Jean K L and The Wood Family Trust
Purchase Details
Closed on
Oct 18, 2000
Sold by
Locke Archie Y and Locke Phyllis J
Bought by
Locke Archie Y and Locke Phyllis J
Purchase Details
Closed on
Dec 15, 1993
Sold by
Locke Archie Y and Locke Phyllis J
Bought by
Locke Archie Y and Locke Phyllis J
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 |
|---|---|---|---|
| Robin Weller Trust | $4,500,000 | First American Title | |
| Wood Jean K L | -- | None Available | |
| Locke Archie Y | -- | -- | |
| Locke Archie Y | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wood Family Trust | $2,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2024 04/30/24 | Sold | $4,500,000 | -2.1% | $3,750 / Sq Ft |
| 04/16/2024 04/16/24 | Price Changed | $4,595,000 | 0.0% | $3,829 / Sq Ft |
| 03/27/2024 03/27/24 | Pending | -- | -- | -- |
| 11/27/2023 11/27/23 | For Sale | $4,595,000 | +2.1% | $3,829 / Sq Ft |
| 07/25/2022 07/25/22 | Sold | $4,500,000 | -5.8% | $3,750 / Sq Ft |
| 07/12/2022 07/12/22 | Pending | -- | -- | -- |
| 06/26/2022 06/26/22 | Price Changed | $4,775,000 | -4.0% | $3,979 / Sq Ft |
| 06/25/2022 06/25/22 | Price Changed | $4,975,000 | -5.2% | $4,146 / Sq Ft |
| 05/10/2022 05/10/22 | For Sale | $5,250,000 | 0.0% | $4,375 / Sq Ft |
| 07/20/2020 07/20/20 | Rented | $6,050 | +1.7% | -- |
| 07/11/2020 07/11/20 | For Rent | $5,950 | +2.6% | -- |
| 03/19/2019 03/19/19 | Rented | $5,800 | 0.0% | -- |
| 03/11/2019 03/11/19 | For Rent | $5,800 | -- | -- |
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 | $48,616 | $4,590,000 | $4,535,225 | $54,775 |
| 2023 | $47,480 | $4,500,000 | $4,446,299 | $53,701 |
| 2022 | $1,468 | $104,548 | $69,316 | $35,232 |
| 2021 | $1,443 | $102,499 | $67,957 | $34,542 |
| 2020 | $1,428 | $101,448 | $67,260 | $34,188 |
| 2019 | $1,406 | $99,459 | $65,941 | $33,518 |
| 2018 | $1,381 | $97,509 | $64,648 | $32,861 |
| 2017 | $1,284 | $95,598 | $63,381 | $32,217 |
| 2016 | $1,257 | $93,724 | $62,138 | $31,586 |
| 2015 | $1,242 | $92,317 | $61,205 | $31,112 |
| 2014 | $1,212 | $90,509 | $60,006 | $30,503 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2024
Robin McMonigle
Compass
(949) 438-4340
-
Kristy Wallick
Buyer's Agent in 2024
Kristy Wallick
Compass
(714) 916-6411
1 in this area
21 Total Sales
-
Tara Shapiro
Seller's Agent in 2022
Tara Shapiro
Coldwell Banker Realty
(949) 478-7781
40 in this area
95 Total Sales
-
John Cain
Seller's Agent in 2020
John Cain
Pacific Sothebys
(714) 655-8940
2 in this area
214 Total Sales
-
Seller Co-Listing Agent in 2020
Janet Rafalovich
First Team Real Estate
(949) 371-6623
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP23217026
APN: 048-251-22
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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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