NOT LISTED FOR SALE

Estimated Value: $3,744,535 - $7,152,000

3 Beds
2.5 Baths
2,100 Sq Ft
$2,555/Sq Ft Est. Value

Last Sold March 07, 2016

Last sale price $3,772,500 $1,796 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $30,224/month

207 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Ocean Side of Highway 1
  • Open Floorplan
  • Abraham Lincoln Elementary School Rated A
  • Custom Home
  • Main Floor Bedroom

About This Home

As of March 2016

John Lautner’s “Rawlins House” is one of the most distinguishable landmark residences of Balboa Island. Affectionately viewed as the Island’s modern gem, this home was masterfully designed with stretching skylight windows, raised wood ceilings, and large sliding glass doors to create zero-transition indoor & outdoor living spaces. Panoramic views of the bay & Newport Pavilion abound from nearly every room, creating an idyllic coastal ambiance. The brick patio located directly off the open floor plan of the main level is the ultimate space for hosting as it provides a beautiful setting for you watch boats cruise throughout the harbor. This one-of-a-kind modern residence represents a rare opportunity to own a renowned architectural masterpiece.

Last Agent to Sell the Property

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 03/23/2015

Coldwell Banker Realty

Last Buyer's Agent

Tim Carr

Tim Carr Group License #01017277

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,809

Year Built

  • Built in 1979

Lot Details

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

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • Bay
  • Panoramic
  • City Lights
  • Views of a landmark

Home Design

  • Custom Home
  • Modern Architecture

Interior Spaces

  • 2,100 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • High Ceiling
  • Skylights
  • Sliding Doors
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Brick Flooring

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Brick Porch or Patio

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 100
  • Assessor Parcel Number 05010329

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,809

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: 949.717.4711
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Maintained
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Custom Built, Modern
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05010329
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2100.00
  • Interior Amenities: Built-in Features, Balcony, Elevator, High Ceilings, Open Floorplan, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Brick
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Area, In Living Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1796.43
  • Room Type: Living Room, Master Bedroom, Main Floor Bedroom
  • Window Features: Skylight(s)

Exterior Features

  • Patio: Yes
  • View: Bay, City Lights, Landmark, Panoramic, Water
  • Patio And Porch Features: Brick, Patio Open, Patio
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 2614.00
  • Price Per Lot Square Foot: 1443.19
  • 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, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2016
Sold by
Abbott Daniel L and Abbott Barbara R
Bought by
The Abbott Family Trust and Abbott Barbara R
Current Estimated Value
$5,366,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Outstanding Balance
$664,647
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,350,336

Purchase Details

Closed on
Oct 15, 2015
Sold by
8530 Hedges Place Llc
Bought by
Abbott Family Trust and Abbott Barbara R

Purchase Details

Closed on
Oct 9, 2009
Sold by
Peters Stephen F
Bought by
8530 Hedges Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,940,000
Interest Rate
4.95%
Mortgage Type
New Conventional
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
The Abbott Family Trust -- First American Title Company
Abbott Family Trust $3,772,500 Ticor Title
8530 Hedges Place Llc -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Abbott Family Trust $850,000
Previous Owner 8530 Hedges Place Llc $2,940,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2016 03/07/16 Sold $3,772,500 -14.2% $1,796 / Sq Ft
12/15/2015 12/15/15 For Sale $4,399,000 0.0% $2,095 / Sq Ft
10/16/2015 10/16/15 Pending -- -- --
08/03/2015 08/03/15 Price Changed $4,399,000 -8.3% $2,095 / Sq Ft
03/23/2015 03/23/15 For Sale $4,799,000 -- $2,285 / 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 $11,809 $849,690 $424,449 $425,241
2024 $11,809 $833,030 $416,127 $416,903
2023 $11,499 $816,697 $407,968 $408,729
2022 $8,790 $800,684 $399,969 $400,715
2021 $8,623 $784,985 $392,127 $392,858
2020 $8,540 $776,936 $388,106 $388,830
2019 $8,368 $761,702 $380,496 $381,206
2018 $8,203 $746,767 $373,035 $373,732
2017 $8,059 $732,125 $365,721 $366,404
2016 $48,423 $4,579,722 $4,180,744 $398,978
2015 $47,970 $4,510,931 $4,117,946 $392,985
2014 $46,838 $4,422,569 $4,037,282 $385,287
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15060295

California Regional Multiple Listing Service (CRMLS)

APN: 050-103-29