701 N Bay Front Newport Beach, CA 92662
Balboa Island NeighborhoodEstimated Value: $5,914,000 - $8,887,000
3
Beds
3.5
Baths
2,700
Sq Ft
$2,650/Sq Ft
Est. Value
Highlights
- Property Fronts a Bay or Harbor
- All Bedrooms Downstairs
- Wood Flooring
- Abraham Lincoln Elementary School Rated A
- Cape Cod Architecture
- 5-minute walk to Balboa Island Park
About This Home
As of March 2014One of Balboa Island's most prestigious Bay Front residences perched on a raised corner lot on the famed Ruby beach. This gorgeous Eastern Seaboard home features Italian accordian doors providing a seamless transition to the veranda for unique indoor/outdoor island lifestyle. Impressive from the moment you enter the over sized Dutch door, with a two story foyer, this home showcases suburb finish detail thru-out. Triple stacked crown molding, built-ins galore, leaded glass windows, an elevator, walnut stained hardwood floors, a stunning gracious gourmet kitchen with Viking, Wolf and Fisher Paykel appliances, walk in pantry including wine storage and three large bedrooms each with full en suite baths. A gracious master suite with vaulted beamed ceilings, large walk in closet, impressive master bath suite and private Bay Front balcony. A perfect home for entertaining a large group or hosting an intimate affair. Truly a special seaside residence that will instantly awe and inspire!
Last Agent to Sell the Property
Real Brokerage Technologies, Inc License #01900682 Listed on: 09/10/2013
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $58,490
Year Built
- Built in 2005
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 30x 86
- Property Fronts a Bay or Harbor
Parking
- 2 Car Garage
Home Design
- Cape Cod Architecture
- Interior Block Wall
Interior Spaces
- 2,700 Sq Ft Home
- Built-In Features
- Beamed Ceilings
- Brick Wall or Ceiling
- Living Room with Fireplace
- Wood Flooring
- Bay Views
- Six Burner Stove
Bedrooms and Bathrooms
- 3 Bedrooms
- All Bedrooms Down
- Bidet
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Patio
- Wrap Around Porch
Utilities
- Two cooling system units
- Zoned Heating
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 101
- Assessor Parcel Number 05008201
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 29, 2021
Sold by
Vali Adam A and Vali Family Trust
Bought by
Vali Adam A and Yakub Vali Exemption Trust
Total Days on Market
86
Current Estimated Value
Purchase Details
Closed on
Dec 4, 2013
Sold by
Mendicina Lucy
Bought by
Vali Family Trust and Vali Lura L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 6, 2011
Sold by
Medicina Lucy
Bought by
Mendicina Lucy
Purchase Details
Closed on
Nov 16, 2011
Sold by
Mendicina Francis J
Bought by
Mendicina Lucy
Purchase Details
Closed on
May 31, 2011
Sold by
Mendicina Francis J and Mendicina Lucy
Bought by
Mendicina Lucy and Mendicina Francis J
Purchase Details
Closed on
Apr 30, 2002
Sold by
Bercaw Mary Ann
Bought by
Mendicina Francis J and Mendicina Lucy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
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 |
|---|---|---|---|
| Vali Adam A | -- | None Available | |
| Vali Family Trust | $4,600,000 | Ticor Title Company | |
| Mendicina Lucy | -- | Accommodation | |
| Mendicina Lucy | -- | Accommodation | |
| Mendicina Lucy | -- | None Available | |
| Mendicina Francis J | $2,500,000 | Investors Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vali Yakub A | $1,000,000 | |
| Closed | Vali Yakub A | $1,600,000 | |
| Previous Owner | Vali Family Trust | $2,000,000 | |
| Previous Owner | Mendicina Lucy | $75,000 | |
| Previous Owner | Mendicina Francis J | $100,000 | |
| Previous Owner | Mendicina Francis J | $200,000 | |
| Previous Owner | Mendicina Francis J | $1,600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/04/2014 03/04/14 | Sold | $4,600,000 | -2.1% | $1,704 / Sq Ft |
| 12/05/2013 12/05/13 | Pending | -- | -- | -- |
| 09/10/2013 09/10/13 | For Sale | $4,699,000 | -- | $1,740 / 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 | $58,490 | $5,528,401 | $4,799,087 | $729,314 |
| 2023 | $57,125 | $5,420,001 | $4,704,987 | $715,014 |
| 2022 | $56,183 | $5,313,727 | $4,612,732 | $700,995 |
| 2021 | $55,102 | $5,209,537 | $4,522,287 | $687,250 |
| 2020 | $54,573 | $5,156,120 | $4,475,916 | $680,204 |
| 2019 | $53,431 | $5,055,020 | $4,388,153 | $666,867 |
| 2018 | $52,361 | $4,955,902 | $4,302,110 | $653,792 |
| 2017 | $51,432 | $4,858,728 | $4,217,755 | $640,973 |
| 2016 | $50,269 | $4,763,459 | $4,135,054 | $628,405 |
| 2015 | $49,799 | $4,691,908 | $4,072,942 | $618,966 |
| 2014 | $35,714 | $3,372,205 | $2,880,729 | $491,476 |
Source: Public Records
Agents Affiliated with this Home
-
Angela Mendicina
A
Seller's Agent in 2014
Angela Mendicina
Real Brokerage Technologies, Inc
(949) 791-8160
3 Total Sales
-
Rebecca Anderson
Buyer's Agent in 2014
Rebecca Anderson
Surterre Properties Inc.
(949) 717-7100
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP13184508
APN: 050-082-01
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