$1,400,000
SOLD APR 15, 2021
3 Beds
3 Baths
1,406 Sq Ft
0.51 Acres

Recently Sold

$996 Per Sq Ft

12% Below List Price

42 Days on Market

Highlights

  • Coastline Views
  • Unit is on the top floor
  • End Unit
  • Newport Elementary School Rated A
  • 22,000 Sq Ft lot
  • 3-minute walk to Balboa Peninsula Park

About This Home

As of September 2024

Beautiful 3 bedroom, 3 bathroom fully furnished condo located in Balboa Village with a partial view of the ocean and bay that is a simple walk to each as well. It is located across the street from restaurants, shops , the ferry and fun zone. It includes a spacious great room with a fireplace, hard wood floors, big windows that open, nicely laid out kitchen and very spacious bedrooms with master having a partial ocean view as well. Stairs off of Washington St take you up to this second floor condo and the 2 car tandem garage sits underneath with electric garage door entry from alley and side door takes you out to condo entry stairs. It has been a daily, weekly, monthly rental as well as owner's get away. Condo comes fully furnished and has no monthly HOA fees.

Last Agent to Sell the Property

Brandon Goedhart

Watson Realty Services Inc. License #02045854 Listed on: 01/06/2021

Last Buyer's Agent

Yazen Haddad

E Realty License #01936781

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,021

Year Built

  • Built in 1989

Lot Details

  • 0.51 Acre Lot
  • End Unit

Property Views

  • Coastline
  • Harbor

Interior Spaces

  • 1,406 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Tandem Parking

Utilities

  • Central Heating
  • Property is located within a water district

Additional Features

  • Balcony
  • Unit is on the top floor

Listing and Financial Details

  • Tenant pays for move out fee
  • The owner pays for electricity, water
  • Assessor Parcel Number 932-160-34

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,021

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Top Level
  • Street Number Display: Yes
  • Alley: Yes
  • Entry Floor: 2
  • Entry Location: Top Level
  • Living Area: 1406
  • Stories: 2
  • Year Built: 1989
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Bedroom Features: All Bedrooms Up
  • Kitchen Features: Tile Counters
  • Laundry: In Closet
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Microwave, Washer, Water Line to Refrigerator, Refrigerator
  • Price Per S Q F T: 1137.98

Exterior Features

  • Other Features: Balcony, End Unit
  • Other Structures: None
  • Patio: Balcony
  • Paved: Yes
  • Roof: Tile
  • View: Coastline, Harbor
  • View: Yes

Garage/Parking

  • Parking Garage: Tandem, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Sewer: In Connected and Paid
  • Water: Water District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 14.35
  • Assessed Improvement Value: 168303
  • Assessed Land Percent: 85.65
  • Assessed Land Value: 1004697
  • Total Assessed Value: 1173000
  • Assessor Parcel Number: 932-160-34
  • Lot Size Area: 22000

Rental Info

  • Owner Pays: Electricity, Water
  • Rent Control: No
  • Tenant Pays: Move Out Fee

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.50
  • Number Of Units: 1
  • Total Annual Expense: 5000
  • Type Of Units: Condominium
  • Vacancy Rate: 13.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2024
Closed on
Sep 18, 2024
Sold by
Balboa Weeklycom Llc
Bought by
Larsen Mark and Larsen Mary Melissa
Seller's Agent
Yazen Haddad
E Realty
Buyer's Agent
Lisa Wright
The Wright Group
List Price
$1,999,990
Sold Price
$1,975,000
Premium/Discount to List
-$24,990
-1.25%
Views
139
Current Estimated Value
$2,049,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,544
Avg. Annual Appreciation
2.04%
Original Mortgage
$1,580,000
Outstanding Balance
$1,571,263
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$437,117

Purchase Details

Listed on
Jun 5, 2024
Closed on
Sep 17, 2024
Sold by
Larsen Mark and Larsen Mark Melissa
Bought by
Paddock Properties Llc
Seller's Agent
Yazen Haddad
E Realty
Buyer's Agent
Lisa Wright
The Wright Group
List Price
$1,999,990
Sold Price
$1,975,000
Premium/Discount to List
-$24,990
-1.25%
Views
139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,580,000
Outstanding Balance
$1,571,263
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$437,117

Purchase Details

Listed on
Jan 6, 2021
Closed on
Apr 20, 2021
Sold by
Stokes Adam and Stokes Natalie
Bought by
Balboaweekly Com Llc
Seller's Agent
Brandon Goedhart
Watson Realty Services Inc.
Buyer's Agent
Yazen Haddad
E Realty
List Price
$1,600,000
Sold Price
$1,400,000
Premium/Discount to List
-$200,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.52%
Original Mortgage
$650,000
Interest Rate
1.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2021
Closed on
Feb 26, 2021
Sold by
Vermeer & Goodhart Dairy Llc
Bought by
Stokes Adam and Stokes Natalie
Seller's Agent
Brandon Goedhart
Watson Realty Services Inc.
Buyer's Agent
Yazen Haddad
E Realty
List Price
$1,600,000
Sold Price
$1,400,000
Premium/Discount to List
-$200,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
1.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 19, 2015
Closed on
Feb 29, 2016
Sold by
Ralphs Adam S and Ralphs Stacey
Bought by
Vermeer & Goedhart Dairy Llc
Seller's Agent
Jennifer Rotellini
Peninsula Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.96%
Original Mortgage
$1,100,000
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2012
Sold by
Thompson Paul A and Thompson Nancy J
Bought by
Thompson Paul A and Thompson Nancy J

Purchase Details

Closed on
Dec 1, 2008
Sold by
Ralphs Adam S and Ralphs Stacey
Bought by
Ralphs Adam S and Ralphs Stacey

Purchase Details

Closed on
Aug 22, 2007
Sold by
Tinsley Gary and Tinsley Mary
Bought by
Ralphs Adam S and Ralphs Stacey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2001
Sold by
Balboa Associates
Bought by
Tinsley Gary and Tinsley Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,975,000 First American Title Company
Grant Deed -- None Listed On Document
Grant Deed -- First Amer Ttl Co Res Div
Grant Deed $1,400,000 Chicago Title Company
Grant Deed $1,150,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $900,000 Equity Title Company
Grant Deed $370,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,580,000 New Conventional
Previous Owner $650,000 New Conventional
Previous Owner $1,100,000 Purchase Money Mortgage
Previous Owner $720,000 Purchase Money Mortgage
Previous Owner $268,000 Unknown
Previous Owner $275,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2024 09/23/24 Sold $1,975,000 -1.2% $1,405 / Sq Ft
06/05/2024 06/05/24 For Sale $1,999,990 +42.9% $1,422 / Sq Ft
04/15/2021 04/15/21 Sold $1,400,000 -12.5% $996 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $1,600,000 +39.1% $1,138 / Sq Ft
03/25/2016 03/25/16 Sold $1,150,000 -4.1% $818 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
12/19/2015 12/19/15 For Sale $1,199,000 -- $853 / Sq Ft
Source: The MLS

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 $16,021 $1,485,691 $1,292,354 $193,337
2023 $15,645 $1,456,560 $1,267,013 $189,547
2022 $15,383 $1,428,000 $1,242,169 $185,831
2021 $13,592 $1,257,692 $1,077,238 $180,454
2020 $13,462 $1,244,796 $1,066,192 $178,604
2019 $13,186 $1,220,389 $1,045,287 $175,102
2018 $12,925 $1,196,460 $1,024,791 $171,669
2017 $12,697 $1,173,000 $1,004,697 $168,303
2016 $10,824 $998,622 $779,252 $219,370
2015 $10,722 $983,622 $767,547 $216,075
2014 $9,771 $897,866 $700,627 $197,239
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-676654

The MLS

APN: 932-160-34