M
Seller's Agent in 2013
Mary Campbell
Douglas Elliman Of California
914 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $4,576,000 - $6,709,000
3
Beds
4
Baths
1,937
Sq Ft
$2,942/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- No HOA
- Newport Elementary School Rated A
- Property has ocean access
- 1-minute walk to Balboa Peninsula Park
About This Home
As of December 2013Location, Location, Location!! Incredible ocean views, walk to restaurants, shops and ferry. This oceanfront triplex is exactly what you would want your beach house to be. The building features 3 units. 1 studio in the back downstairs, a 1 bedroom downstairs front unit with an over size patio and a 2 bedroom 2 bath with a huge patio, and amazing views upstairs. All units have been updated. These units are always rented. Most recently yearly but have been rented in the past weekly and as a winter rental. Great potential to rebuild your oceanfront home, or continue to use as an income property. Please do not disturb tenants.
Last Agent to Sell the Property
Mary Campbell
Douglas Elliman Of California License #01706600 Listed on: 04/09/2013
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,719
Year Built
- Built in 1935
Lot Details
- 3,800 Sq Ft Lot
- Beach Front
- No Common Walls
Property Views
- Ocean
- Catalina
Interior Spaces
- 1,937 Sq Ft Home
- 2-Story Property
- Laminate Flooring
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Metered Parking
Outdoor Features
- Property has ocean access
- Exterior Lighting
Utilities
- Wall Furnace
Listing and Financial Details
- Tax Lot 22
- Tax Tract Number 104
- Assessor Parcel Number 04814319
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,500
- Water Sewer Expense $600
- New Taxes Expense $29,000
- Gross Income $6,300
- Net Operating Income $77,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 3, 2018
Sold by
Ocean Property Rentals Llc
Bought by
Ocean Property Rentals Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,004,583
Outstanding Balance
$1,751,704
Interest Rate
4.5%
Mortgage Type
Construction
Purchase Details
Listed on
Apr 9, 2013
Closed on
Dec 18, 2013
Sold by
Ataii Payam and Karagah Shadi
Bought by
Ocean Properties Rentals Llc
Seller's Agent
Mary Campbell
Douglas Elliman Of California
Buyer's Agent
Ronald Remeyer
Ron Remeyer, Broker
List Price
$2,500,999
Sold Price
$2,454,000
Premium/Discount to List
-$46,999
-1.88%
Purchase Details
Listed on
Sep 17, 2013
Closed on
Oct 7, 2013
Sold by
Alvarez Rodolfo and Alvarez Hilda
Bought by
Ataii Payam and Karagah Shadi
Seller's Agent
Mary Campbell
Douglas Elliman Of California
Buyer's Agent
Mary Campbell
Douglas Elliman Of California
Sold Price
$1,400
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 7, 2005
Sold by
Fluter Russell E
Bought by
Alvarez Rodolfo and Alvarez Hilda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 16, 2005
Sold by
Fluter Leeann
Bought by
Fluter Russell E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
1.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 14, 2005
Sold by
Russell Mark S
Bought by
Fluter Russell E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
1.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 4, 2003
Sold by
Paulas Stella H
Bought by
Russell Mark S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$884,000
Interest Rate
6.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 6, 2003
Sold by
Paulas Cynthia A and Bowman Debbie K
Bought by
Paulas Stella H
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 |
|---|---|---|---|
| Ocean Property Rentals Llc | -- | Multiple | |
| Ocean Properties Rentals Llc | -- | California Title Company | |
| Ataii Payam | $2,450,000 | California Title Company | |
| Alvarez Rodolfo | $2,520,000 | Fidelity National Title | |
| Fluter Russell E | -- | Fidelity National Title Co | |
| Fluter Russell E | $2,300,000 | Fidelity National Title Co | |
| Russell Mark S | $1,360,000 | First American Title Co | |
| Paulas Stella H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ocean Property Rentals Llc | $810,000 | |
| Open | Ocean Property Rentals Llc | $2,004,583 | |
| Previous Owner | Ataii Payam | $1,500,000 | |
| Previous Owner | Alvarez Rodolfo | $1,200,000 | |
| Previous Owner | Fluter Russell E | $1,300,000 | |
| Previous Owner | Russell Mark S | $884,000 | |
| Closed | Russell Mark S | $204,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/27/2013 12/27/13 | Sold | $2,454,000 | +175185.7% | $1,267 / Sq Ft |
| 10/02/2013 10/02/13 | Pending | -- | -- | -- |
| 10/01/2013 10/01/13 | Rented | $1,400 | 0.0% | -- |
| 09/22/2013 09/22/13 | Under Contract | -- | -- | -- |
| 09/17/2013 09/17/13 | For Rent | $1,400 | 0.0% | -- |
| 04/09/2013 04/09/13 | For Sale | $2,500,999 | 0.0% | $1,291 / Sq Ft |
| 01/12/2013 01/12/13 | Rented | -- | -- | -- |
| 01/12/2013 01/12/13 | Under Contract | -- | -- | -- |
| 12/11/2012 12/11/12 | For Rent | $1,300 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $32,719 | $3,330,958 | $2,451,726 | $879,232 |
| 2024 | $32,719 | $3,032,849 | $2,403,653 | $629,196 |
| 2023 | $32,078 | $2,985,719 | $2,356,523 | $629,196 |
| 2022 | $28,023 | $2,592,558 | $2,310,317 | $282,241 |
| 2021 | $24,578 | $2,265,017 | $2,265,017 | $0 |
| 2020 | $29,652 | $2,746,194 | $2,241,793 | $504,401 |
| 2019 | $29,043 | $2,692,348 | $2,197,837 | $494,511 |
| 2018 | $28,467 | $2,639,557 | $2,154,742 | $484,815 |
| 2017 | $27,966 | $2,587,801 | $2,112,492 | $475,309 |
| 2016 | $27,340 | $2,537,060 | $2,071,070 | $465,990 |
| 2015 | $27,081 | $2,498,951 | $2,039,960 | $458,991 |
| 2014 | -- | $2,450,000 | $2,000,000 | $450,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Ronald Remeyer
R
Buyer's Agent in 2013
Ronald Remeyer
Ron Remeyer, Broker
(949) 547-6648
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP13062853
APN: 048-143-19
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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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