542 S Bay Front Newport Beach, CA 92662
Balboa Island NeighborhoodEstimated Value: $5,322,000 - $7,950,000
5
Beds
3
Baths
2,600
Sq Ft
$2,510/Sq Ft
Est. Value
Highlights
- Property Fronts a Bay or Harbor
- Ocean Side of Highway 1
- Main Floor Bedroom
- Abraham Lincoln Elementary School Rated A
- Maid or Guest Quarters
- 4-minute walk to Balboa Island Park
About This Home
As of January 2016SUBSTANTIALLY REDUCED FOR IMMEDIATE SALE. This is one of Balboa Island’s most iconic homes located on the coveted South Bayfront. Views across the main channel to the Pavilion are unsurpassed and include all of the activity on the harbor along with stunning sunsets. This charming traditional-style, shingled house and its semi-attached guest unit feature gracious and hospitable spaces designed for relaxed island living on the water. On the inside, the original hardwood floors, cove ceilings, hand-troweled plaster walls and double hung windows remain, adding to the vintage charm. A remodeled kitchen and baths are simple and functional. Multiple outdoor areas include a bayfront terrace and a second level sun terrace. The master suite is spacious and spans the width of the second floor facing the water – capturing amazing water views. The guest unit is equally charming and well maintained. This property is situated in the best bay front location on the island – front and center on the best view, but not too close to the ferry or to Marine Avenue. For those in search of one of the great period homes that remain on the island today, this cannot be equaled.
Last Agent to Sell the Property
Plus Real Estate License #01082750 Listed on: 09/30/2015
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $67,574
Year Built
- Built in 1931
Lot Details
- 2,614 Sq Ft Lot
- Property Fronts a Bay or Harbor
Parking
- 2 Car Garage
Property Views
- Bay
- Harbor
- City Lights
Interior Spaces
- 2,600 Sq Ft Home
- Wood Burning Fireplace
- Electric Fireplace
- Gas Fireplace
- Walk-In Pantry
- Attic
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- Maid or Guest Quarters
Additional Features
- Ocean Side of Highway 1
- Agricultural
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 99
- Assessor Parcel Number 05006210
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 30, 2015
Closed on
Nov 13, 2015
Sold by
542 South Bayfront Nb Llc
Bought by
Shaw Kenneth J and Shaw Catherine M
Seller's Agent
Robert Giem
Plus Real Estate
Buyer's Agent
Robert Giem
Plus Real Estate
List Price
$4,950,000
Sold Price
$4,606,000
Premium/Discount to List
-$344,000
-6.95%
Total Days on Market
96
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
$1,920,379
Avg. Annual Appreciation
3.77%
Original Mortgage
$606,000
Interest Rate
3.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 1, 2013
Sold by
Connelly Nita Irvine Wheeler
Bought by
542 S Bayfront Nb Llc
Purchase Details
Closed on
Nov 7, 2012
Sold by
Connelly John and Connelly Nita
Bought by
Connelly John and Connelly Nita
Purchase Details
Closed on
Jun 6, 2011
Sold by
Connelly John
Bought by
Connelly Nita Irvine Wheeler
Purchase Details
Closed on
Jan 28, 2008
Sold by
Bank Of America Na
Bought by
Connelly Nita Irvine Wheeler
Purchase Details
Closed on
Jan 23, 2008
Sold by
Huyler Helene Irvine Wheeler
Bought by
Connelly Nita Irvine Wheeler
Purchase Details
Closed on
Nov 9, 2007
Sold by
Connelly Nita Irvine Wheeler
Bought by
Connelly Nita Irvine Wheeler
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shaw Kenneth J | $4,606,000 | Lawyers Title Company | |
| 542 S Bayfront Nb Llc | -- | None Available | |
| Connelly Nita Irvine Wheeler | -- | None Available | |
| Connelly Nita Irvine Wheeler | -- | None Available | |
| Connelly John | -- | None Available | |
| Connelly John | -- | None Available | |
| Connelly Nita Irvine Wheeler | -- | Chicago Title Company | |
| Connelly Nita Irvine Wheeler | -- | Chicago Title Company | |
| Connelly Nita Irvine Wheeler | $767,000 | None Available | |
| Connelly Nita Irvine Wheeler | $767,000 | None Available | |
| Connelly Nita Irvine Wheeler | $1,533,500 | None Available | |
| Connelly Nita Irvine Wheeler | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shaw Kenneth J | $3,990,000 | |
| Closed | Shaw Kenneth J | $3,180,000 | |
| Closed | Shaw Kenneth J | $606,000 | |
| Previous Owner | Shaw Kenneth J | $3,000,000 | |
| Previous Owner | 542 South Bayfront Nb Llc | $1,200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/06/2016 01/06/16 | Sold | $4,606,000 | -6.9% | $1,772 / Sq Ft |
| 09/30/2015 09/30/15 | For Sale | $4,950,000 | -- | $1,904 / 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 | $67,574 | $6,118,796 | $5,232,988 | $885,808 |
| 2023 | $65,967 | $5,998,820 | $5,130,380 | $868,440 |
| 2022 | $62,364 | $5,881,197 | $5,029,785 | $851,412 |
| 2021 | $61,166 | $5,765,880 | $4,931,162 | $834,718 |
| 2020 | $60,579 | $5,706,758 | $4,880,599 | $826,159 |
| 2019 | $56,406 | $5,318,080 | $4,784,901 | $533,179 |
| 2018 | $50,847 | $4,791,563 | $4,691,080 | $100,483 |
| 2017 | $49,952 | $4,698,120 | $4,599,099 | $99,021 |
| 2016 | $19,859 | $1,846,110 | $1,720,919 | $125,191 |
| 2015 | $19,671 | $1,818,380 | $1,695,069 | $123,311 |
| 2014 | $19,209 | $1,782,761 | $1,661,865 | $120,896 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Giem
R
Seller's Agent in 2016
Robert Giem
Plus Real Estate
(949) 933-7046
58 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP15214792
APN: 050-062-10
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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