Seller's Agent in 2022
Tim Carr
Pacific Sotheby's Int'l Realty
(949) 230-8454
3 in this area
152 Total Sales
550 S Bay Front Newport Beach, CA 92662
Balboa Island NeighborhoodEstimated Value: $7,261,000 - $8,724,271
4
Beds
3
Baths
2,039
Sq Ft
$3,920/Sq Ft
Est. Value
Highlights
- Property Fronts a Bay or Harbor
- Fishing
- Wood Flooring
- Abraham Lincoln Elementary School Rated A
- Cape Cod Architecture
- 4-minute walk to Balboa Island Park
About This Home
As of March 2022On the market for the first time in decades, 550 South Bay Front offers a chance to enjoy the quintessential Balboa Island lifestyle. Featuring 30’ of bay frontage and beach access, this home offers the coveted Balboa Pavilion as well as Boat Parade views. The charming brick front patio overlooks the famed boardwalk and serves as an ideal place for entertaining while enjoying the coastal breeze. The interior of this four bedroom, three bathroom home abounds in charm. The large main level living room features an oversized window that frames the famous views, as well as built in cabinetry and a fireplace perfect for the colder weather months. The open, bright floor plan continues with a large dining area which opens to an updated kitchen with a breakfast nook. A full bathroom can also be found on the main level. A detached two car garage and a utility room with plenty of storage round out the ground floor. Two of the upstairs bedrooms are located in the front of the residence and feature spectacular views of the water, while the remaining ones offer a more private setting. Two bathrooms and a large back deck complete the upper level of this approximately 2,039 square foot home.
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty License #01017277 Listed on: 01/18/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $77,024
Year Built
- Built in 1925
Lot Details
- 2,614 Sq Ft Lot
- Property Fronts a Bay or Harbor
Parking
- 2 Car Garage
- Parking Available
Home Design
- Cape Cod Architecture
- Patio Home
Interior Spaces
- 2,039 Sq Ft Home
- 2-Story Property
- Recessed Lighting
- Living Room with Fireplace
- Bay Views
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Gas Cooktop
- Microwave
- Dishwasher
- Utility Sink
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- All Upper Level Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry Located Outside
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Brick Porch or Patio
Listing and Financial Details
- Legal Lot and Block 7 / 15
- Tax Tract Number 99
- Assessor Parcel Number 05006214
Community Details
Overview
- No Home Owners Association
- Balboa Island Main Island Subdivision
Recreation
- Fishing
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 3, 1997
Sold by
Skinner Albert C
Bought by
Skinner Albert C
Current Estimated Value
Purchase Details
Closed on
Jan 18, 1995
Sold by
Gilchrist Richard I and Gilchrist Nina N
Bought by
Skinner Albert C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Interest Rate
9.21%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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 |
|---|---|---|---|
| Skinner Albert C | -- | -- | |
| Skinner Albert C | $1,230,000 | Orange Coast Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Skinner Albert C | $807,000 | |
| Previous Owner | Skinner Albert C | $830,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/23/2022 03/23/22 | Sold | $7,325,000 | -3.6% | $3,592 / Sq Ft |
| 02/21/2022 02/21/22 | Pending | -- | -- | -- |
| 02/09/2022 02/09/22 | Price Changed | $7,595,000 | -10.6% | $3,725 / Sq Ft |
| 01/18/2022 01/18/22 | For Sale | $8,499,000 | -- | $4,168 / 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 |
|---|---|---|---|---|
| 2025 | $77,024 | $7,920,223 | $7,428,456 | $491,767 |
| 2024 | $77,024 | $7,282,800 | $7,282,800 | -- |
| 2023 | $78,704 | $7,471,500 | $7,140,000 | $331,500 |
| 2022 | $77,441 | $7,325,000 | $7,000,000 | $325,000 |
| 2021 | $20,476 | $1,908,715 | $1,800,444 | $108,271 |
| 2020 | $20,279 | $1,889,144 | $1,781,983 | $107,161 |
| 2019 | $19,861 | $1,852,102 | $1,747,042 | $105,060 |
| 2018 | $19,465 | $1,815,787 | $1,712,787 | $103,000 |
| 2017 | $19,046 | $1,780,184 | $1,679,203 | $100,981 |
| 2016 | $18,618 | $1,745,279 | $1,646,278 | $99,001 |
| 2015 | $18,439 | $1,719,064 | $1,621,550 | $97,514 |
| 2014 | $18,001 | $1,685,390 | $1,589,786 | $95,604 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Carr
-
Steve Roose
Buyer's Agent in 2022
Steve Roose
Luxury Real Estate
(949) 375-4430
9 in this area
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22010034
APN: 050-062-14
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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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