NOT LISTED FOR SALE

503 N Bay Front Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $1,524,000 - $4,108,000

3 Beds
1 Bath
1,044 Sq Ft
$2,590/Sq Ft Est. Value

Last Sold November 06, 2017

Last sale price $3,825,000 $3,664 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $15,290/month

About This Home

As of November 2017

This one-story cottage is centrally located directly on the Bay and Boardwalk near popular Ruby Beach and consists of three bedrooms and two baths, living room with fireplace, large front patio, and garage. Abundance of quaint Boutiques, Restaurants and Coffee Spots to choose from. Take a quick trip on the auto ferry to explore the Balboa Peninsula and enjoy the extraordinary views of the bay.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2017
Closed on
Feb 16, 2018
Sold by
Jennings Susan K
Bought by
Beredus Partners Llc
Seller's Agent
Tim Carr
Tim Carr Group
Buyer's Agent
Tim Carr
Tim Carr Group
Sold Price
$5,600
Current Estimated Value
$2,704,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,698,403

Purchase Details

Listed on
Jul 6, 2017
Closed on
Oct 26, 2017
Sold by
Pasternak David J
Bought by
Jennings Susan K and The Susan K Jennings Trust
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Outside Agent
Newport Beach Assoc of Realto
List Price
$3,095,000
Sold Price
$3,825,000
Premium/Discount to List
$730,000
23.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.47%

Purchase Details

Listed on
Jul 6, 2017
Closed on
Oct 18, 2017
Sold by
Jennings Susan K
Bought by
Jennings Susan K and Teh Susan K Jennings Trust
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Outside Agent
Newport Beach Assoc of Realto
List Price
$3,095,000
Sold Price
$3,825,000
Premium/Discount to List
$730,000
23.59%

Purchase Details

Closed on
Dec 16, 2015
Sold by
Jennings Mark C
Bought by
Curecanti Holdings Llc

Purchase Details

Closed on
Dec 11, 2015
Sold by
Jennings Mark C and Jennings Susan K
Bought by
Jennings Susan K and Jennings Mark C

Purchase Details

Closed on
Oct 2, 2009
Sold by
Jennings Susan K
Bought by
Jennings Susan K and Susan K Jennings Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2009
Sold by
Jennings Bernice L
Bought by
Jennings Susan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2009
Sold by
Jennings Bernice L
Bought by
Jennings Bernice L and Bernice L Jennings 2003 Living Trust

Purchase Details

Closed on
Sep 27, 2005
Sold by
Jennings Fred C
Bought by
Jennings Mark C and Jennings Susan K
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Beredus Partners Llc -- None Available
Jennings Susan K -- None Available
Jennings Susan K $956,500 Equity Title Co
Jennings Susan K -- None Available
Curecanti Holdings Llc -- None Available
Jennings Susan K -- None Available
Jennings Susan K -- None Available
Jennings Bernice L -- None Available
Jennings Susan K $1,100,000 None Available
Jennings Bernice L -- None Available
Jennings Mark C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jennings Susan K $980,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2017 12/28/17 Rented $5,600 -6.6% --
11/09/2017 11/09/17 For Rent $5,995 0.0% --
11/06/2017 11/06/17 Sold $3,825,000 +23.6% $3,664 / Sq Ft
07/28/2017 07/28/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $3,095,000 -- $2,965 / Sq Ft

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 $11,282 $1,034,867 $998,568 $36,299
2023 $11,016 $1,014,576 $978,988 $35,588
2022 $10,830 $994,683 $959,792 $34,891
2021 $10,624 $975,180 $940,973 $34,207
2020 $10,522 $965,181 $931,324 $33,857
2019 $10,308 $946,256 $913,062 $33,194
2018 $10,105 $927,702 $895,158 $32,544
2017 $2,797 $232,291 $204,840 $27,451
2016 $2,737 $227,737 $200,824 $26,913
2015 $2,710 $224,317 $197,808 $26,509
2014 $2,647 $219,923 $193,933 $25,990
Source: Public Records

Agents Affiliated with this Home

  • Tim Carr

    Seller's Agent in 2017

    Tim Carr

    Tim Carr Group

    (949) 629-7083

    3 in this area

    158 Total Sales

    Tim Carr
    Section Image
  • Don Abrams

    Seller's Agent in 2017

    Don Abrams

    Abrams Coastal Properties

    (714) 325-9055

    68 in this area

    95 Total Sales

    Don Abrams
    Section Image

  • O

    Buyer's Agent in 2017

    Outside Agent

    CRMLS

See All Agents

Map

California Orange County Newport Beach 92662 Balboa Island

503 N Bay Front, Newport Beach, CA

This home is located at 503 N Bay Front, Newport Beach, CA 92662 and is currently estimated at $2,704,003, approximately $2,590 per square foot. 503 N Bay Front is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and German School Campus.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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