450 Belvue Ln Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $6,691,000 - $8,204,000
4
Beds
3.5
Baths
3,600
Sq Ft
$1,982/Sq Ft
Est. Value
Highlights
- Primary Bedroom Suite
- 5,900 Sq Ft lot
- Private Yard
- Newport Elementary School Rated A
- Wood Flooring
- No HOA
About This Home
As of October 2018One of a kind, this simply gorgeous Peninsula Point home sits on a 5,900 sq ft. corner lot on the idyllic street of Belvue Lane. Originally owned by Mr. Belvue himself, casual seaside elegance is found throughout this two-story four-bedroom residence. Featuring an ideal downstairs guest suite, four bathrooms, a spacious open living room, gourmet kitchen, and guesthouse that sits detached from the main house and includes a loft and bathroom. Offering quality craftsmanship and attention to detail, the floor plan allows for carefree beach living or elegant entertaining. Several rooms open to the lush landscaped main yard, which offers a perfect location for taking in the crisp bay and ocean breeze. A large beautiful backyard is the perfect location for an outside spa adjacent to the resort-like outdoor shower. This residence has been owned by only a few families since originally built in 1947. It boasts 1940's charm along with the benefits and amenities of new construction. This is truly an historic offering in a landmark location.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $51,026
Year Built
- Built in 1947
Lot Details
- 5,900 Sq Ft Lot
- Private Yard
Parking
- 2 Car Garage
- 2 Carport Spaces
Home Design
- Cottage
- Composition Roof
Interior Spaces
- 3,600 Sq Ft Home
- 2-Story Property
- Fireplace
- Living Room
- Wood Flooring
- Eat-In Kitchen
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Primary Bedroom Suite
Outdoor Features
- Enclosed patio or porch
Utilities
- Forced Air Heating System
- Sewer Paid
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 0.13
- Tax Tract Number 1090
- Assessor Parcel Number 04825137
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2018
Closed on
Oct 5, 2018
Sold by
Jorgensen Daren E
Bought by
Herzer Mark and Herzer Jennifer
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
$4,400,000
Premium/Discount to List
-$395,000
-8.24%
Total Days on Market
114
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
$2,734,834
Avg. Annual Appreciation
7.50%
Purchase Details
Listed on
Oct 4, 2013
Closed on
Sep 24, 2013
Sold by
Nelson David A and Nelson Georgia Ricci
Bought by
Jorgensen Daren E and Civ Trust
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$4,650,000
Sold Price
$4,650,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.09%
Original Mortgage
$2,100,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Jan 9, 2012
Closed on
Mar 14, 2012
Sold by
Morabito Carl and Morabito Karen
Bought by
Nelson David A and Nelson Georgia Ricci
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Ed Broder
Pacific Property Services
List Price
$3,950,000
Sold Price
$3,950,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.00%
Original Mortgage
$1,000,000
Interest Rate
4.05%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 17, 2003
Sold by
Coston Malcolm M
Bought by
Morabito Carl and Morabito Karen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Herzer Mark | $4,400,000 | Chicago Title Co | |
| Jorgensen Daren E | $4,500,000 | Ticor Title Company | |
| Nelson David A | $3,950,000 | First American Title Company | |
| Morabito Carl | $1,530,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Herzer Mark | $1,000,000 | |
| Previous Owner | Jorgensen Daren E | $1,899,000 | |
| Previous Owner | Jorgensen Daren E | $2,100,000 | |
| Previous Owner | Nelson David A | $1,000,000 | |
| Previous Owner | Nelson David A | $2,000,000 | |
| Previous Owner | Morabito Carl | $2,000,000 | |
| Previous Owner | Morabito Carl | $250,000 | |
| Previous Owner | Morabito Carl | $1,050,000 | |
| Previous Owner | Morabito Carl | $500,000 | |
| Previous Owner | Morabito Carl | $250,000 | |
| Previous Owner | Morabito Carl | $84,000 | |
| Previous Owner | Morabito Carl | $850,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/16/2018 10/16/18 | Sold | $4,400,000 | -8.2% | $1,222 / Sq Ft |
| 10/06/2018 10/06/18 | Pending | -- | -- | -- |
| 06/14/2018 06/14/18 | For Sale | $4,795,000 | +3.1% | $1,332 / Sq Ft |
| 10/04/2013 10/04/13 | Sold | $4,650,000 | 0.0% | $1,292 / Sq Ft |
| 10/04/2013 10/04/13 | Pending | -- | -- | -- |
| 10/04/2013 10/04/13 | For Sale | $4,650,000 | +17.7% | $1,292 / Sq Ft |
| 04/25/2012 04/25/12 | Sold | $3,950,000 | 0.0% | $1,097 / Sq Ft |
| 01/09/2012 01/09/12 | For Sale | $3,950,000 | -- | $1,097 / 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 | $51,026 | $4,812,040 | $4,349,707 | $462,333 |
| 2023 | $51,180 | $4,717,687 | $4,264,419 | $453,268 |
| 2022 | $50,574 | $4,625,184 | $4,180,803 | $444,381 |
| 2021 | $49,985 | $4,534,495 | $4,098,827 | $435,668 |
| 2020 | $49,517 | $4,488,000 | $4,056,799 | $431,201 |
| 2019 | $48,559 | $4,400,000 | $3,977,253 | $422,747 |
| 2018 | $53,516 | $4,849,796 | $4,443,134 | $406,662 |
| 2017 | $52,436 | $4,753,104 | $4,356,013 | $397,091 |
| 2016 | $51,408 | $4,659,906 | $4,270,601 | $389,305 |
| 2015 | $51,116 | $4,589,910 | $4,206,452 | $383,458 |
| 2014 | $49,948 | $4,500,000 | $4,124,053 | $375,947 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Bibb
Seller's Agent in 2018
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
52 in this area
123 Total Sales
-
Ed Broder
E
Buyer's Agent in 2012
Ed Broder
Pacific Property Services
(714) 860-6177
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP18138678
APN: 048-251-37
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