NOT LISTED FOR SALE

Estimated Value: $2,837,237 - $3,315,000

3 Beds
2 Baths
1,136 Sq Ft
$2,656/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $2,250,000 $1,981 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $18,854/month

Highlights

  • Beach Access
  • Furnished
  • 2 Car Attached Garage
  • Newport Elementary School Rated A
  • No HOA
  • 4-minute walk to Channel Place Park

About This Home

As of October 2022

PRIME LOCATION! Welcome to the iconic Balboa Peninsula in Newport Beach. This quaint single story cottage beach home is just steps from the sand and features 3 bedrooms, 2 bathrooms, A/C which is fantastic bonus in a beach home, and parking for four cars! Perfect for enjoying those beach sunset and catching some cool ocean breezes. Enjoy beach living, this property is a true gem!

Last Agent to Rent the Property

Marisa Hernandez

Casa Real Estate Group, Inc. License #01956098 Listed on: 10/09/2022

Last Renter's Agent

Marisa Hernandez

Preferred Real Estate & Inv. License #01956098

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,025

Year Built

  • Built in 1947

Lot Details

  • 3,108 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces

Interior Spaces

  • 1,136 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Beach Access
  • Exterior Lighting

Utilities

  • Central Air

Listing and Financial Details

  • Security Deposit $9,000
  • Rent includes all utilities
  • Available 10/7/22
  • Legal Lot and Block 12 / 48
  • Tax Tract Number 670
  • Assessor Parcel Number 42446312

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,025

Year Built

Built in 1947

Lot Details

0

Parking

2

Rental Info

  • Available Date: 2022-10-07
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Pets: 500
  • Deposit Security: 9000
  • Furnished: Furnished
  • Pets Allowed: Dogs OK
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Inclusions: FULLY FURNISHED
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 42446312
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1136.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • 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: 7.92
  • Room Type: All Bedrooms Down, Living Room, Master Bathroom, Walk-In Closet

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3108.00
  • Lot Size Acres: 0.0713

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: Negotiable
  • Lot Size Area: 3108.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: All Utilities
  • Waterfront Features: Beach Access

Tax Info

  • Tax Block: 48
  • Tax Census Tract: 635.00
  • Tax Lot: 12
  • Tax Tract Number: 670

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Oct 12, 2021
Sold by
Hernanez Gregorio G and Hernanez Diana G
Bought by
Asarina Holdings Llc
Seller's Agent
Gia Lomenzo
Pam White, Broker
Buyer's Agent
Marisa Hernandez
Casa Real Estate Group, Inc.
List Price
$2,300,000
Sold Price
$2,250,000
Premium/Discount to List
-$50,000
-2.17%
Current Estimated Value
$3,062,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$812,678
Avg. Annual Appreciation
8.06%

Purchase Details

Listed on
Jun 17, 2021
Closed on
Jul 16, 2021
Sold by
Burkhard Peter M and Burkhard Khanh T
Bought by
Hernandez Gregorio G and Hernandez Diana G
Seller's Agent
Gia Lomenzo
Pam White, Broker
Buyer's Agent
Marisa Hernandez
Casa Real Estate Group, Inc.
List Price
$2,300,000
Sold Price
$2,250,000
Premium/Discount to List
-$50,000
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 17, 2016
Closed on
Nov 1, 2016
Sold by
Premium Performance Group Llc
Bought by
Burkhard Peter M and Burkhard Khanh T
Seller's Agent
Susan Standiford
COLDWELL BANKER REALTY
Buyer's Agent
Susan Standiford
COLDWELL BANKER REALTY
List Price
$1,495,000
Sold Price
$1,475,000
Premium/Discount to List
-$20,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%

Purchase Details

Listed on
Mar 1, 2016
Closed on
Jun 9, 2016
Sold by
Fedde Jennifer A
Bought by
Premium Performance Group Llc
Seller's Agent
Marilyn Read
Coldwell Banker Realty
Buyer's Agent
Susan Standiford
COLDWELL BANKER REALTY
List Price
$1,695,000
Sold Price
$1,299,000
Premium/Discount to List
-$396,000
-23.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.33%
Original Mortgage
$779,400
Interest Rate
3.57%
Mortgage Type
New Conventional
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
Asarina Holdings Llc -- None Available
Hernandez Gregorio G $2,250,000 Chicago Title Company
Burkhard Peter M $1,475,000 California Title Company
Premium Performance Group Llc $1,299,000 California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Gregorio G $1,250,000
Previous Owner Premium Performance Group Llc $779,400
Previous Owner Eredia Ernest J $899,800
Previous Owner Eredia Ernest J $93,100
Previous Owner Eredia Ernest J $43,000
Previous Owner Eredia Ernest J $74,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2022 10/11/22 Rented $9,000 0.0% --
10/09/2022 10/09/22 For Rent $9,000 0.0% --
09/02/2021 09/02/21 Sold $2,250,000 -2.2% $1,981 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $2,300,000 +55.9% $2,025 / Sq Ft
11/10/2016 11/10/16 Sold $1,475,000 -1.3% $1,298 / Sq Ft
10/27/2016 10/27/16 Pending -- -- --
10/17/2016 10/17/16 For Sale $1,495,000 +15.1% $1,316 / Sq Ft
06/15/2016 06/15/16 Sold $1,299,000 0.0% $1,143 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
05/17/2016 05/17/16 Price Changed $1,299,000 -18.6% $1,143 / Sq Ft
05/02/2016 05/02/16 Price Changed $1,595,000 -5.9% $1,404 / Sq Ft
03/01/2016 03/01/16 For Sale $1,695,000 -- $1,492 / Sq Ft
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 $25,025 $2,387,718 $2,320,890 $66,828
2024 $25,025 $2,340,900 $2,275,382 $65,518
2023 $24,439 $2,295,000 $2,230,766 $64,234
2022 $24,033 $2,250,000 $2,187,025 $62,975
2021 $17,004 $1,581,497 $1,522,215 $59,282
2020 $16,840 $1,565,281 $1,506,606 $58,675
2019 $16,494 $1,534,590 $1,477,065 $57,525
2018 $16,166 $1,504,500 $1,448,102 $56,398
2017 $15,880 $1,475,000 $1,419,707 $55,293
2016 $1,584 $117,824 $68,337 $49,487
2015 $1,493 $116,055 $67,311 $48,744
2014 $1,457 $113,782 $65,992 $47,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22218894

California Regional Multiple Listing Service (CRMLS)

APN: 424-463-12