NOT LISTED FOR SALE
3 Beds
2 Baths
1,253 Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: June 28, 2024

Last sale price $2,730,000 $2,179 Per Sq Ft

192 Days on Market

Highlights

  • Beach Front
  • Bay View
  • Hydromassage or Jetted Bathtub
  • Rooftop Deck
  • Cape Cod Architecture
  • Corner Lot

About This Home

As of June 2024

ONCE-IN-A-LIFETIME OPPORTUNITY TO OWN A BALBOA ISLAND BAYFONT HOME WITH DOCK and INCREDIBLE VIEWS FOR UNDER $3 MILLION! This unique home, located on the corner of Sapphire and North Bayfront, was custom-built in 1994 as two units. The upper unit of is now for sale. The views are spectacular with three bedrooms and two baths, a living room with fireplace, kitchen with breakfast bar, and a dining area with French doors opening to a balcony overlooking the beautiful Bay. The large roof deck has panoramic views of Newport Harbor. Other features include new laminate flooring, central A/C, a carport space, and a shared dock that can hold up to a 40-foot boat. Under the Tenancy-in-Common Agreement, the new owner will receive 50% ownership of the entire property with exclusive rights to the upper unit and third floor viewing deck. Don't miss this incomparable opportunity!

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties Brokerage Phone: 714-325-9055 License #01234323 Listed on: 11/07/2023

Co-Listed By

Nancy Bear

Abrams Coastal Properties Brokerage Phone: 714-325-9055 License #01193918

Last Buyer's Agent

Anna Andrews

Compass License #01485699

Compass
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Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1994 | Remodeled

Lot Details

  • 2,614 Sq Ft Lot
  • Beach Front
  • Property fronts an alley
  • 1 Common Wall
  • Corner Lot

Property Views

  • Bay
  • Panoramic

Home Design

  • Cape Cod Architecture
  • Entry on the 2nd floor
  • Flat Roof Shape
  • Slab Foundation
  • Composition Roof
  • Stone Roof
  • HardiePlank Type

Interior Spaces

  • 1,253 Sq Ft Home
  • 1-Story Property
  • Bar
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Open to Family Room
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Hydromassage or Jetted Bathtub
  • Separate Shower

Parking

  • Attached Carport
  • Parking Available

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 19 / 14
  • Tax Tract Number 101
  • Assessor Parcel Number 05008327
  • $526 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Balboa Island Main Island Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports
  • Bike Trail

Property Details

Home Type

Co-Op

Year Built

Built in 1994 | Remodeled

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Co-Ownership
  • Property Type: Residential
  • Parcel Number: 05008327
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1253.00 Square Feet
  • Interior Amenities: Balcony, Bar
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 2178.77
  • Room Type: All Bedrooms Up
  • Bathroom Features: Jetted Tub, Separate Tub And Shower
  • Room Kitchen Features: Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Bay, Panoramic, Water
  • Patio And Porch Features: Deck, Roof Top
  • Pool Private: No
  • Roof: Composition, Flat, Stone
  • Spa: No
  • Construction Materials: Hardiplank Type

Garage/Parking

  • Parking: Yes
  • Parking Features: Attached Carport

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Co-Ownership
  • Community Features: Biking, Curbs, Watersports, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600
  • Latitude Manual: 33.60836200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Front

Tax Info

  • Tax Block: 14
  • Tax Census Tract: 630.06
  • Tax Lot: 19
  • Tax Tract Number: 101
  • TaxOtherAnnualAssessmentAmount: 526.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2023
Closed on
Jun 4, 2024
Sold by
Bought by
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Anna Andrews
Compass
List Price
$3,395,000
Sold Price
$2,730,000
Premium/Discount to List
-$665,000
-19.59%
Views
269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,355,000
Outstanding Balance
$1,325,311
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 19, 2015
Closed on
Apr 7, 2015
Sold by
Bought by
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Patrick Grover
HomeSmart, Evergreen Realty
List Price
$1,995,000
Sold Price
$1,700,000
Premium/Discount to List
-$295,000
-14.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.27%

Purchase Details

Listed on
Jan 19, 2015
Closed on
Mar 27, 2015
Sold by
Bought by
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Patrick Grover
HomeSmart, Evergreen Realty
List Price
$1,995,000
Sold Price
$1,700,000
Premium/Discount to List
-$295,000
-14.79%

Purchase Details

Listed on
Jan 19, 2015
Closed on
Mar 23, 2015
Sold by
Bought by
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Patrick Grover
HomeSmart, Evergreen Realty
List Price
$1,995,000
Sold Price
$1,700,000
Premium/Discount to List
-$295,000
-14.79%

Purchase Details

Closed on
Feb 18, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 1996
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 1994
Sold by
Bought by

Purchase Details

Closed on
Mar 15, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Balboa Island, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,730,000 Lawyers Title
-- Lawyers Title Company
-- Lawyers Title Company
-- Lawyers Title Company
$1,700,000 Lawyers Title Company
-- None Available
-- Fidelity National Title
-- --
-- Continental Lawyers Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,355,000
Previous Owner $100,000
Previous Owner $519,000
Previous Owner $70,000
Previous Owner $561,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2024 06/28/24 Sold $2,730,000 -8.8% $2,179 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
03/18/2024 03/18/24 Price Changed $2,995,000 -9.1% $2,390 / Sq Ft
02/15/2024 02/15/24 Price Changed $3,295,000 -2.9% $2,630 / Sq Ft
11/07/2023 11/07/23 For Sale $3,395,000 +99.7% $2,709 / Sq Ft
04/10/2015 04/10/15 Sold $1,700,000 -14.8% $1,647 / Sq Ft View Prior Sale
02/19/2015 02/19/15 Pending -- -- --
01/19/2015 01/19/15 For Sale $1,995,000 -- $1,933 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $35,256 $3,383,012 $2,748,439 $634,573
2025 $11,465 $3,316,679 $2,694,548 $622,131
2024 $11,465 $1,043,293 $430,355 $612,938
2023 $11,191 $1,022,837 $421,917 $600,920
2022 $10,999 $1,002,782 $413,644 $589,138
2021 $10,789 $983,120 $405,533 $577,587
2020 $10,672 $973,040 $401,375 $571,665
2019 $10,457 $953,961 $393,505 $560,456
2018 $10,250 $935,256 $385,789 $549,467
2017 $10,069 $916,918 $378,224 $538,694
2016 $9,845 $898,940 $370,808 $528,132
2015 $5,985 $528,869 $210,175 $318,694
2014 $5,844 $518,510 $206,058 $312,452
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23200825

California Regional Multiple Listing Service (CRMLS)
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