NOT LISTED FOR SALE

701 N Bay Front Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $5,787,000 - $8,411,000

3 Beds
3.5 Baths
2,700 Sq Ft
$2,667/Sq Ft Est. Value

Last Sold March 04, 2014

Last sale price $4,600,000 $1,704 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $44,113/month

86 Days on Market

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 2014

One 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

Angela Mendicina

Real Brokerage Technologies, Inc License #01900682 Listed on: 09/10/2013

Real Brokerage Technologies, Inc

Last Buyer's Agent

Rebecca Anderson

Surterre Properties Inc. License #01913892

Surterre Properties Inc.

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,490

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: all appliances
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05008201
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2700.00
  • Interior Amenities: Beamed Ceilings, Built-in Features, Block Walls, Brick Walls
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1703.70
  • Room Type: All Bedrooms Down
  • Bathroom Features: Bidet

Exterior Features

  • Patio: Yes
  • View: Bay
  • Patio And Porch Features: Wrap Around
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove
  • Heating Type: Zoned
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size: 30x 86
  • Lot Size Sq Ft: 2614.00
  • 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

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 101

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
Current Estimated Value
$7,201,452

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
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
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

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 $58,490 $5,638,969 $4,895,069 $743,900
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

  • A

    Seller's Agent in 2014

    Angela Mendicina

    Real Brokerage Technologies, Inc

    (949) 791-8160

    3 Total Sales

    Angela Mendicina
    Section Image
  • Rebecca Anderson

    Buyer's Agent in 2014

    Rebecca Anderson

    Surterre Properties Inc.

    (949) 717-7100

    27 Total Sales

    Rebecca Anderson
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13184508

California Regional Multiple Listing Service (CRMLS)

APN: 050-082-01

California Orange County Newport Beach 92662 Balboa Island

701 N Bay Front, Newport Beach, CA

This home is located at 701 N Bay Front, Newport Beach, CA 92662 since 10 September 2013 and is currently estimated at $7,201,452, approximately $2,667 per square foot. This property was built in 2005. 701 N 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 German School Campus.

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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