NOT LISTED FOR SALE

Estimated Value: $6,288,431 - $7,420,000

3 Beds
2.5 Baths
2,920 Sq Ft
$2,293/Sq Ft Est. Value

Last Sold June 03, 2021

Last sale price $4,354,000 $1,491 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $39,660/month

33 Days on Market

Highlights

  • Ocean Front
  • Private Dock Site
  • Wine Cellar
  • Newport Elementary School Rated A
  • Boat Slip
  • Primary Bedroom Suite

About This Home

As of June 2021

Magnificent Waterfront Home in Private Gated Community(w/Lots of Parking) on Rare Large Lot has Sideyard, 3 Car Garage & Private Dock w/38 ft Boatslip! This Home Mostly Reconstructed in 2013 Boasts Stunning Curb Appeal, Sideyard w/Stacked Stone Fireplace, Pavers & Lush Landscape with a Back Patio & Amazing Waterfront Views and Access; Many Features Include Custom Double Entry Doors w/Wrought Iron & Glass Inserts, Entry w/Two Story Ceilings, Huge Remodeled Gourmet Kitchen w/Double Ovens, Built In Fridge, 5 Burner Gas Cooktop, Large Island, Granite Counters, Custom Cabinetry w/Pullouts, Bar w/Wine Fridge, Walk In Pantry, Breakfast Area has Double French Doors w/Sidelights that Open to Sideyard; Great Room(or Living & Family Rooms) has Water Front Views, Beautiful Built in Entertainment Unit w/Cabinets & Shelves, Surround Sound, Fireplace w/Custom Mantle & Hearth, Double French Sliders Open to Patio; Spacious Master Suite has Water Views & Balcony; Immense Master Bath has Dual Vanities, Make Up Area, Soaking Tub w/Water Views, Walk In Custom Tiled Shower w/Dual Shower Heads, Huge Walk in Closet; Hallway has Two French Doors that have Ocean Views, Oversized Secondary Bedrooms(One w/Walk in Closet) has Jack and Jill Bath w/Granite Topped Vanity, Custom Tiled Tub/Shower Combination, Other Features Include Travertine Tiled Floor, Wood Staircase w/Wrought Iron Railings, Wine Cellar & More;Walk to Restaurants, Shopping & Entertainment; Easy Access to Freeways-an Entertainer's Dream!

Last Agent to Sell the Property

Murray Falk

First Team Real Estate License #01257488 Listed on: 04/03/2021

First Team Real Estate

Last Buyer's Agent

Tim Branoff

First Team Real Estate License #01047924

First Team Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,011

Year Built

  • Built in 1977

Lot Details

  • 5,500 Sq Ft Lot
  • Ocean Front
  • Home fronts navigable water
  • Block Wall Fence
  • Landscaped
  • Garden
  • Back Yard

HOA Fees

  • $190 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Three Garage Doors
  • Driveway

Property Views

  • Ocean
  • Marina
  • Harbor

Home Design

  • Turnkey

Interior Spaces

  • 2,920 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Bar
  • Crown Molding
  • Two Story Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Plantation Shutters
  • Double Door Entry
  • Panel Doors
  • Wine Cellar
  • Family Room
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers
  • Built-In Trash or Recycling Cabinet
  • Utility Sink

Flooring

  • Bamboo
  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Mirrored Closets Doors
  • Remodeled Bathroom
  • Jack-and-Jill Bathroom
  • Granite Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Multiple Shower Heads
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Boat Slip
  • Private Dock Site
  • Docks
  • Ocean Side of Highway 1
  • Balcony
  • Fireplace in Patio
  • Stone Porch or Patio
  • Outdoor Fireplace

Schools

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

Additional Features

  • Property is near a park
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 1011
  • Assessor Parcel Number 42304124

Community Details

Overview

  • Balboa Coves Community Association, Phone Number (949) 215-8485
  • Balboa Coves HOA
  • Balboa Coves Subdivision

Amenities

  • Picnic Area

Recreation

  • Boat Dock
  • Community Playground
  • Park
  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,011

Year Built

Built in 1977

Lot Details

0

HOA Fees

$190 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Coves (BLCV)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42304124
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2920.00 Square Feet
  • Interior Amenities: Balcony, Bar, Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, Open Floorplan, Pantry, Recessed Lighting, Two Story Ceilings, Wired for Sound
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Bamboo, Carpet, Stone, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Double Door Entry, Mirror Closet Door(s), Panel Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Living Room, Outside, Patio, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1491.10
  • Room Type: All Bedrooms Up, Entry, Family Room, Formal Entry, Jack & Jill, Kitchen, Living Room, Master Bathroom, Master Suite, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Window Features: Double Pane Windows, Plantation Shutters
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Granite Counters, Remodeled, Separate Tub And Shower, Soaking Tub, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Built-In Trash/Recycling, Granite Counters, Kitchen Island, Pots & Pan Drawers, Remodeled Kitchen, Utility Sink, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Exterior Features: Boat Slip, Dock Private
  • View: Harbor, Marina, Ocean, Water
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Patio, Patio Open, Stone
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Gas Cooktop, Range Hood, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Picnic Area, Playground, Dock
  • Association Fee: 190.00
  • Association Fee Frequency: Monthly
  • Association Name: Balboa Coves Community Association
  • Phone: 949-215-8485
  • Senior Community: No
  • Community Features: Park, Watersports
  • Association Management: Balboa Coves

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, Garden, Landscaped, Park Nearby, Walkstreet
  • Lot Size Sq Ft: 5500.00
  • Lot Size Acres: 0.1263
  • Latitude Manual: 33.62085100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5500.0000 Square Feet
  • Number Of Units In Community: 68
  • Number Of Units Total: 1
  • Waterfront Features: Includes Dock, Navigable Water, Ocean Front, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 46
  • Tax Tract Number: 1011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2023
Sold by
Brault Survivors Trust
Bought by
Montego Trust
Current Estimated Value
$6,694,108

Purchase Details

Listed on
Apr 3, 2021
Closed on
May 11, 2021
Sold by
Patterson Philip S and Patterson Charlotte L
Bought by
Brault Del B and Brault Survivors Trust
Seller's Agent
Murray Falk
First Team Real Estate
Buyer's Agent
Tim Branoff
First Team Real Estate
List Price
$4,500,000
Sold Price
$4,354,000
Premium/Discount to List
-$146,000
-3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%

Purchase Details

Listed on
Oct 11, 2010
Closed on
May 15, 2012
Sold by
Gleason William E and Mccarthy Sheila
Bought by
Patterson Philip S and Patterson Charlotte L
Seller's Agent
Valerie Torelli
Torelli Realty
Buyer's Agent
Eliisa Stowell
Surterre Properties Inc.
List Price
$1,455,000
Sold Price
$1,370,000
Premium/Discount to List
-$85,000
-5.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.77%
Original Mortgage
$1,096,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2006
Sold by
Gleason William E and Mccarthy Sheila
Bought by
Gleason William E and Mccarthy Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Interest Rate
1.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 23, 2005
Sold by
Gleason William Eldridge
Bought by
Gleason William E and Mccarthy Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.53%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 26, 2004
Sold by
Richard A Houghton Revocable Trust
Bought by
Gleason William Eldridge and Mccarthy Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,415,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2004
Sold by
Houghton Richard A
Bought by
Houghton Richard A and Richard A Houghton Revocable Trust

Purchase Details

Closed on
Dec 12, 2001
Sold by
Houghton Richard A
Bought by
Houghton Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
6.57%

Purchase Details

Closed on
Apr 7, 1997
Sold by
Houghton Richard A
Bought by
Houghton Richard A and The Richard A Houghton Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Montego Trust -- None Listed On Document
Brault Del B $4,354,000 Western Resources Title
Patterson Philip S $1,370,000 Chicago Title Company
Gleason William E -- Fidelity National Title Co
Gleason William E -- Landsafe Title
Gleason William Eldridge $1,850,000 Fidelity National Title Co
Houghton Richard A -- --
Houghton Richard -- Chicago Title Co
Houghton Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patterson Philip S $1,096,000
Previous Owner Gleason William E $2,350,000
Previous Owner Gleason William E $500,000
Previous Owner Gleason William Eldridge $1,415,000
Previous Owner Houghton Richard $214,500
Closed Gleason William Eldridge $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/03/2021 06/03/21 Sold $4,354,000 -3.2% $1,491 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/03/2021 04/03/21 For Sale $4,500,000 +228.5% $1,541 / Sq Ft
06/20/2012 06/20/12 Sold $1,370,000 -5.8% $478 / Sq Ft View Prior Sale
05/03/2012 05/03/12 Pending -- -- --
11/21/2011 11/21/11 For Sale $1,455,000 0.0% $507 / Sq Ft
11/21/2011 11/21/11 Price Changed $1,455,000 -10.5% $507 / Sq Ft
05/19/2011 05/19/11 Pending -- -- --
01/05/2011 01/05/11 Price Changed $1,625,000 -4.4% $567 / Sq Ft
12/29/2010 12/29/10 For Sale $1,700,000 -- $593 / Sq Ft
10/11/2010 10/11/10 Pending -- -- --
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
2025 $49,011 $4,712,908 $4,278,340 $434,568
2024 $49,011 $4,620,499 $4,194,451 $426,048
2023 $47,867 $4,529,901 $4,112,206 $417,695
2022 $47,078 $4,441,080 $4,031,575 $409,505
2021 $18,620 $1,742,129 $1,325,805 $416,324
2020 $18,440 $1,724,266 $1,312,210 $412,056
2019 $18,059 $1,690,457 $1,286,480 $403,977
2018 $17,698 $1,657,311 $1,261,255 $396,056
2017 $17,384 $1,624,815 $1,236,524 $388,291
2016 $16,993 $1,592,956 $1,212,278 $380,678
2015 $16,831 $1,569,029 $1,194,069 $374,960
2014 $16,381 $1,533,294 $1,170,678 $362,616
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21068651

California Regional Multiple Listing Service (CRMLS)

APN: 423-041-24