$4,500,000
SOLD JUL 25, 2022
3 Beds
2 Baths
1,200 Sq Ft
4,000 Sq Ft Lot

Recently Sold

$3,750 Per Sq Ft

14% Below List Price

63 Days on Market

Highlights

  • Fishing
  • Updated Kitchen
  • Retreat
  • Newport Elementary School Rated A
  • Cape Cod Architecture
  • Wood Flooring

About This Home

As of April 2024

Enchanting Belvue Lane represents what is considered by many to be the most charming location within the seaside enclave of Balboa Peninsula Point. Here on a rare 4000SF lot this jewel-box, vintage gem will stir the imagination, as it offers endless possibilities for its new owner. A storybook white picket fence surrounds the splendid front yard and flowering garden, leading to the home’s delightful Dutch-door entry. Tastefully updated throughout, the sun-filled living spaces open to a grassy yard and terrace that separates the two-bedroom cottage from a cute separate guest area/home office and garage. Whether looking to restore the original character of this endearing beach bungalow, or desirous of the ultimate building site for a new home, the character and appeal of Belvue Lane's promenade orientation is undeniable. Just a short stroll to either the beach or the bay, Peninsula Point homeowners can enjoy the community racquet club, neighborhood association bay front BBQ area and boat launch, as well as the nearby shops and restaurants of the historic Balboa Village. Pull up a chair, sit back and relax, and chat with the neighbors as they stroll by. 427 Belvue Lane will tug at your heart and bring back your fondest memories of time spent at the beach.

Last Agent to Sell the Property

Tara Shapiro

Coldwell Banker Realty License #01892201 Listed on: 05/10/2022

Coldwell Banker Realty

Last Buyer's Agent

Robin McMonigle

Compass License #01197591

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,616

Year Built

  • Built in 1951

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100
  • Wood Fence
  • Fence is in good condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Garage Door Opener

Home Design

  • Cape Cod Architecture
  • Bungalow

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Retreat
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Exterior Lighting

Location

  • Urban Location

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 1090
  • Assessor Parcel Number 04825122
  • $364 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Recreation

  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,616

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Architectural Style: Bungalow, Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04825122
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1200.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 3750.00
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Retreat
  • Bathroom Features: Separate Tub And Shower
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Good Condition, Wood
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Freezer, Disposal, Gas Cooktop, Microwave, Refrigerator, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Park, Watersports, Sidewalks, Street Lights, Urban

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Level with Street, Rectangular Lot, Level, Sprinkler System, Walkstreet, Yard
  • Lot Size: 40x100
  • Lot Size Sq Ft: 4000.00
  • Lot Size Acres: 0.0918
  • Latitude Manual: 33.59870600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4000.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 2
  • Tax Tract Number: 1090
  • TaxOtherAnnualAssessmentAmount: 364.00

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%
Current Estimated Value
$4,791,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,963
Avg. Annual Appreciation
2.02%

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $4,500,000 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,000,000 New Conventional
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

Source: Public Records

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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22097921

California Regional Multiple Listing Service (CRMLS)

APN: 048-251-22