NOT LISTED FOR SALE

542 S Bay Front Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $4,220,000 - $8,774,000

5 Beds
3 Baths
2,600 Sq Ft
$2,649/Sq Ft Est. Value

Last Sold January 06, 2016

Last sale price $4,606,000 $1,772 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $43,155/month

96 Days on Market

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 2016

SUBSTANTIALLY 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

Robert Giem

Plus Real Estate License #01082750 Listed on: 09/30/2015

Last Buyer's Agent

Robert Giem

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$67,574

Year Built

Built in 1931

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05006210
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2600.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Electric, Gas, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 1771.54
  • Room Type: Attic, Guest/Maid's Quarters, Main Floor Bedroom, Walk-In Pantry

Exterior Features

  • View: Bay, City Lights, Harbor, Water
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Agricultural - Tree/Orchard
  • Lot Size Sq Ft: 2614.00
  • Price Per Lot Square Foot: 1762.05
  • Lot Size Acres: 0.0600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 99

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%
Current Estimated Value
$6,886,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,280,853
Avg. Annual Appreciation
3.06%
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
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
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

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 $67,574 $6,241,171 $5,337,647 $903,524
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

  • R

    Seller's Agent in 2016

    Robert Giem

    Plus Real Estate

    (949) 933-7046

    56 Total Sales

    Robert Giem
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15214792

California Regional Multiple Listing Service (CRMLS)

APN: 050-062-10

California Orange County Newport Beach 92662 Balboa Island

542 S Bay Front, Newport Beach, CA

This home is located at 542 S Bay Front, Newport Beach, CA 92662 since 30 September 2015 and is currently estimated at $6,886,853, approximately $2,648 per square foot. This property was built in 1931. 542 S 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 Our Lady Queen Of Angels.

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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