NOT LISTED FOR SALE

Estimated Value: $13,977,469

4 Beds
4 Baths
2,133 Sq Ft
$6,553/Sq Ft Est. Value

Last Sold February 18, 2014

Last sale price $6,300,000 $2,954 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $85,019/month

2 Days on Market

Highlights

  • Ocean View
  • Private Dock Site
  • Open Floorplan
  • Abraham Lincoln Elementary School Rated A
  • Property Fronts a Bay or Harbor
  • Cape Cod Architecture

About This Home

As of February 2014

GREAT CAPE COD CORNER BEACH HOME + PRIVATE DOCK & REAR APT--BEST LOCATION ON THE ISLAND!!! This classic home, directly on Bay and Boardwalk, has a sunny, open first floor plan with large living /dining area with fireplace, modern kitchen with granite counters, and office/family room space. Sliding glass doors that open up to wrap-around porch provide beautiful views of the Bay and Balboa Pavilion. Large two-car garage and 3/4 bath complete the first floor. Upstairs are three bedrooms including a master suite with breathtaking views of the Bay. The Bay-view rear apartment includes a large one bedroom and bath apartment with a family room and kitchen. Located on the corner of Diamond and South Bayfront, this is an incomparable home at an incomparable location!

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 01/17/2014

Last Buyer's Agent

Nancy Lavigne

Berkshire Hathaway HomeService License #00970867

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $101,887

Year Built

  • Built in 1936 | Remodeled

Lot Details

  • 2,614 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Property fronts an alley
  • Wood Fence
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage

Property Views

  • Ocean
  • Bay
  • Harbor
  • Panoramic
  • City Lights

Home Design

  • Cape Cod Architecture
  • Cottage
  • Turnkey
  • Frame Construction
  • Shake Roof
  • Wood Roof
  • Stucco

Interior Spaces

  • 2,133 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Awning
  • Shutters
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Room
  • Carpet

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Mirrored Closets Doors

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Private Dock Site
  • Docks
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Wrap Around Porch

Utilities

  • Forced Air Heating System
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 3
  • Assessor Parcel Number 05010311

Home Details

Home Type

Single Family

Est. Annual Taxes

$101,887

Year Built

Built in 1936 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Cottage, Cape Cod
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05010311
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2133.00
  • Interior Amenities: Bar, Built-in Features, Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Recessed Lighting, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 4
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Gas, Living Room
  • Levels: Two
  • Price Per Square Foot: 2953.59
  • Room Type: All Bedrooms Up
  • Window Features: Shutters

Exterior Features

  • Patio: Yes
  • Exterior Features: Awning(s), Dock Private, Rain Gutters
  • View: Bay, City Lights, Harbor, Ocean, Panoramic, Water
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Porch, Wrap Around
  • Pool Private: No
  • Roof: Shake, Wood
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Electric Cooktop, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Common Area, In Garage
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Corner Lot
  • 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: 2
  • Number Of Units Total: 2
  • Waterfront Features: Bay Front, Includes Dock

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2018
Sold by
Demler Enterprises Llc
Bought by
Demler David L and Demler Sharman C
Current Estimated Value
$13,977,469

Purchase Details

Closed on
Jul 11, 2017
Sold by
Demler David L and Demler Sharman C
Bought by
Demler Enterprises Llc

Purchase Details

Closed on
Sep 1, 2015
Sold by
Demler David and Demler Sharman
Bought by
David & Sharman Demler Revocable Family and Demler Sharman C

Purchase Details

Listed on
Jan 17, 2014
Closed on
Jan 24, 2014
Sold by
Steelberg Ryan Scott
Bought by
Demier David and Demier Sharman
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Nancy Lavigne
Berkshire Hathaway HomeService
List Price
$6,550,000
Sold Price
$6,300,000
Premium/Discount to List
-$250,000
-3.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%

Purchase Details

Closed on
Mar 11, 2013
Sold by
Steelberg Ryan Scott and Steelberg Jessica Marie
Bought by
Steelberg Ryan Scott and The Rss Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
3.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 2012
Sold by
Steelberg Ryan Scott
Bought by
Steelberg Ryan Scott and Rss Living Trust

Purchase Details

Closed on
Oct 8, 2009
Sold by
Elmore Judith A
Bought by
Steelberg Ryan Scott and Steelberg Jessica Marie

Purchase Details

Closed on
Sep 25, 2005
Sold by
Elmore Judith A
Bought by
Elmore Judith A and The Judith A Elmore Revocable Living Tr

Purchase Details

Closed on
May 14, 2002
Sold by
Elmore Lester P
Bought by
Elmore Lester P and The Lester P Elmore Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.94%
Mortgage Type
Commercial
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
Demler David L $8,408,500 None Available
Demler Enterprises Llc -- None Available
David & Sharman Demler Revocable Family -- None Available
Demier David $6,300,000 Orange Coast Title
Steelberg Ryan Scott -- Chicago Title Company
Steelberg Ryan Scott -- None Available
Steelberg Ryan Scott -- None Available
Steelberg Ryan Scott $5,475,000 Advantage Title Inc
Elmore Judith A -- --
Elmore Lester P -- Chicago Title Co
Elmore Lester P -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Steelberg Ryan Scott $2,800,000
Previous Owner Elmore Judith A $2,500,000
Previous Owner Elmore Lester P $1,000,000
Previous Owner Elmore Lester P $1,000,000
Previous Owner Elmore Lester P $996,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2014 02/18/14 Sold $6,300,000 -3.8% $2,954 / Sq Ft
01/17/2014 01/17/14 For Sale $6,550,000 -- $3,071 / 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 $101,887 $9,567,410 $8,514,858 $1,052,552
2024 $101,887 $9,379,814 $8,347,900 $1,031,914
2023 $99,482 $9,195,897 $8,184,216 $1,011,681
2022 $95,330 $9,015,586 $8,023,741 $991,845
2021 $93,497 $8,838,810 $7,866,412 $972,398
2020 $92,601 $8,748,179 $7,785,751 $962,428
2019 $90,664 $8,576,647 $7,633,090 $943,557
2018 $78,305 $7,405,040 $6,554,924 $850,116
2017 $78,446 $7,405,040 $6,554,924 $850,116
2016 $70,570 $6,678,251 $6,426,397 $251,854
2015 $68,315 $6,425,874 $6,329,867 $96,007
2014 $61,079 $5,765,136 $5,660,818 $104,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14012362

California Regional Multiple Listing Service (CRMLS)

APN: 050-103-11