Estimated Value: $4,637,000 - $8,012,000
3
Beds
3.5
Baths
2,918
Sq Ft
$2,024/Sq Ft
Est. Value
Highlights
- Bay View
- Main Floor Bedroom
- 2 Car Attached Garage
- Newport Elementary School Rated A
- No HOA
- Eat-In Kitchen
About This Home
As of January 2020Located in the highly desirable neighborhood of Peninsula Point on the Newport Peninsula, 503 J Street is the ultimate mid-century inspired beach house. Spanning two levels, this three bedroom residence features four bathrooms, a spacious living, dining, great room with view windows of the bay. The large master retreat is beautifully appointed and nestled at the back of the second level, offering ultimate privacy. The first floor offers a bonus family room, office area, and two beautifully designed ensuite guest rooms. The outdoor living space includes a unique courtyard on the first floor and a large patio on the second floor. These outdoor spaces create an openness that allows the beautiful natural light to brighten the home throughout the day. With easy access to the beach or bay, this home is the perfect full-time residence or beach retreat.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $27,470
Year Built
- Built in 1980
Lot Details
- 3,000 Sq Ft Lot
- Density is up to 1 Unit/Acre
Parking
- 2 Car Attached Garage
- Parking Available
Property Views
- Bay
- City Lights
- Peek-A-Boo
Interior Spaces
- 2,918 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Family or Dining Combination
- Laundry Room
Kitchen
- Eat-In Kitchen
- Kitchen Island
Bedrooms and Bathrooms
- 3 Bedrooms | 2 Main Level Bedrooms
- Walk-In Closet
- Soaking Tub
- Walk-in Shower
Community Details
- No Home Owners Association
- Laundry Facilities
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 1
- Assessor Parcel Number 04823213
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2018
Closed on
Jan 8, 2020
Sold by
Jones James B and Jones Merrins C
Bought by
Ircj Holdings Llc
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Ruth Elia
Christie's International Real Estate SoCal
List Price
$2,690,000
Sold Price
$2,400,000
Premium/Discount to List
-$290,000
-10.78%
Total Days on Market
422
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
$3,504,757
Avg. Annual Appreciation
17.70%
Original Mortgage
$2,818,700
Outstanding Balance
$2,516,914
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$3,232,386
Purchase Details
Listed on
Feb 25, 2015
Closed on
May 31, 2015
Sold by
Reynolds J Street Partners Lp
Bought by
James & Merrins Jones Living Trust
Seller's Agent
Tracy Bowie
Pacific Sotheby's Int'l Realty
Buyer's Agent
Jody Chapman
Compass
List Price
$2,350,000
Sold Price
$2,150,000
Premium/Discount to List
-$200,000
-8.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%
Original Mortgage
$2,085,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 18, 2001
Sold by
Reynolds Marleta
Bought by
Reynolds J Street Partners Lp
Purchase Details
Closed on
Dec 17, 2001
Sold by
Farnsworth Leta G
Bought by
Reynolds J Street Partners Lp
Purchase Details
Closed on
Jun 5, 2001
Sold by
Farnsworth Leta G
Bought by
Farnsworth Leta G and The Leta G Farnsworth Trust
Purchase Details
Closed on
Mar 8, 2001
Sold by
Farnsworth Leta G
Bought by
Farnsworth Leta G and The Leta G Farnsworth Trust
Purchase Details
Closed on
May 12, 1995
Sold by
Farnsworth Leta G
Bought by
Farnsworth Leta G and Farnsworth Family Trust
Purchase Details
Closed on
May 18, 1994
Sold by
Farnsworth Leta G
Bought by
Farnsworth Leta G
Similar Homes in the area
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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 |
|---|---|---|---|
| Ircj Holdings Llc | $2,400,000 | First American Title Company | |
| James & Merrins Jones Living Trust | $2,150,000 | Chicago Title Company | |
| Reynolds J Street Partners Lp | -- | -- | |
| Reynolds J Street Partners Lp | -- | -- | |
| Reynolds Marleta | -- | -- | |
| Farnsworth Leta G | -- | -- | |
| Farnsworth Leta G | -- | -- | |
| Farnsworth Leta G | -- | -- | |
| Farnsworth Leta G | -- | -- | |
| Farnsworth Leta G | -- | -- | |
| Farnsworth Leta G | -- | -- | |
| Farnsworth Leta G | -- | -- | |
| Farnsworth Leta G | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ircj Holdings Llc | $2,818,700 | |
| Previous Owner | Jones James B | $1,703,658 | |
| Previous Owner | James & Merrins Jones Living Trust | $2,085,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/21/2020 01/21/20 | Sold | $2,400,000 | -6.8% | $822 / Sq Ft |
| 12/26/2019 12/26/19 | Pending | -- | -- | -- |
| 07/09/2019 07/09/19 | Price Changed | $2,575,000 | -4.3% | $882 / Sq Ft |
| 10/30/2018 10/30/18 | For Sale | $2,690,000 | +25.1% | $922 / Sq Ft |
| 07/07/2015 07/07/15 | Sold | $2,150,000 | -2.1% | $977 / Sq Ft |
| 06/09/2015 06/09/15 | Pending | -- | -- | -- |
| 05/15/2015 05/15/15 | Price Changed | $2,195,000 | -6.6% | $998 / Sq Ft |
| 02/25/2015 02/25/15 | For Sale | $2,350,000 | -- | $1,068 / 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 | $27,470 | $2,573,284 | $2,181,851 | $391,433 |
| 2023 | $26,827 | $2,522,828 | $2,139,070 | $383,758 |
| 2022 | $26,383 | $2,473,361 | $2,097,127 | $376,234 |
| 2021 | $25,877 | $2,424,864 | $2,056,007 | $368,857 |
| 2020 | $24,789 | $2,327,228 | $1,965,310 | $361,918 |
| 2019 | $24,274 | $2,281,597 | $1,926,775 | $354,822 |
| 2018 | $23,788 | $2,236,860 | $1,888,995 | $347,865 |
| 2017 | $23,366 | $2,193,000 | $1,851,955 | $341,045 |
| 2016 | $22,839 | $2,150,000 | $1,815,642 | $334,358 |
| 2015 | $4,063 | $352,553 | $61,210 | $291,343 |
| 2014 | -- | $345,647 | $60,011 | $285,636 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Bibb
Seller's Agent in 2020
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
53 in this area
124 Total Sales
-
Ruth Elia
R
Buyer's Agent in 2020
Ruth Elia
Christie's International Real Estate SoCal
(310) 869-3686
9 Total Sales
-
Tracy Bowie
Seller's Agent in 2015
Tracy Bowie
Pacific Sotheby's Int'l Realty
(949) 922-1670
1 in this area
37 Total Sales
-
Steve High
Seller Co-Listing Agent in 2015
Steve High
Pacific Sotheby’s International Realty
(949) 874-4724
4 in this area
72 Total Sales
-
Jody Chapman
Buyer's Agent in 2015
Jody Chapman
Compass
(949) 689-8594
70 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP18258877
APN: 048-232-13
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