Seller's Agent in 2019
Monique Brown
Berkshire Hathaway Home Services
(949) 633-6900
13 Total Sales
924 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $5,743,438 - $7,898,000
4
Beds
4.5
Baths
2,169
Sq Ft
$3,228/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Home Theater
- Dual Staircase
- Newport Elementary School Rated A
- Built in 2018 | Newly Remodeled
- 1-minute walk to Balboa Peninsula Park
About This Home
As of August 2019This exquisite oceanfront, ultra-modern home enjoys a coveted spot on the pristine sands of Balboa Peninsula, creating a surreal environment to enjoy coastline and ocean views with an ultimate 5-star-resort feeling. Brand new construction was completed in 2018 by the award-winning builder SC Custom Homes and architect Ian Harrison. This showcase contains 4 bedrooms, each with their own bathroom and balcony. A half-bath on the first floor extends to a serene balcony off of the boardwalk. The state-of-the-art kitchen features Wolf and Sub-Zero appliances. A beautiful fireplace and a nicely sized laundry room can be found in the rear. The oversized 2-car garage, plus the extra 2 or 3 car spaces in the back alley behind the garage, makes this home more uniquely advantageous in Balboa. The slide-away glass doors, wraparound balcony off of the master bedroom, and a nicely sized Jacuzzi creates an unobstructed view and a relaxing atmosphere. The third floor’s entertainment loft with a full-size Wolf barbecue and beautiful seating area provides a breathtaking view of white water, the harbor, pier, Newport Bay, surf spots, Catalina Island, city lights, and stunning sunset views. Cameras, an entertainment system, and designer furniture included. Approved for a short-term rental, generating $1,500 to $2,500/day. The privacy and lifestyle in Balboa Peninsula make this unique home perfect for owner living/ income property. SMART HOME Enabled, PROPERTY IS IN SHORT TERM RENTAL ZONE.
Last Agent to Sell the Property
Berkshire Hathaway Home Services License #02069331 Listed on: 07/16/2019
Last Buyer's Agent
Berkshire Hathaway Home Services License #02069331 Listed on: 07/16/2019
Home Details
Home Type
- Single Family
Year Built
- Built in 2018 | Newly Remodeled
Lot Details
- 1,736 Sq Ft Lot
- Level Lot
- Drip System Landscaping
- Front Yard Sprinklers
- 04814337
Parking
- 2 Car Attached Garage
Property Views
- White Water Ocean
- Coastline
- Panoramic
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,169 Sq Ft Home
- 3-Story Property
- Dual Staircase
- Living Room with Fireplace
- Home Theater
- Loft
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- All Upper Level Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Balcony
Utilities
- Cooling System Powered By Gas
- Central Air
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 27
- Assessor Parcel Number 04814337
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 16, 2019
Closed on
Oct 21, 2019
Sold by
Labib Barsoum Maher and Kirollos Dalia Kirollos
Bought by
Dm Grace Llc
Seller's Agent
Monique Brown
Berkshire Hathaway Home Services
Buyer's Agent
Monique Brown
Berkshire Hathaway Home Services
List Price
$4,900,000
Sold Price
$4,400,000
Premium/Discount to List
-$500,000
-10.2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,600,610
Avg. Annual Appreciation
7.44%
Original Mortgage
$3,000,000
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 16, 2019
Closed on
Aug 22, 2019
Sold by
Ava Equities Llc
Bought by
Barsoum Maher Labib and Barsoum Dalia Kirollos
Seller's Agent
Monique Brown
Berkshire Hathaway Home Services
Buyer's Agent
Monique Brown
Berkshire Hathaway Home Services
List Price
$4,900,000
Sold Price
$4,400,000
Premium/Discount to List
-$500,000
-10.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 20, 2018
Sold by
Ava Equities Llc
Bought by
Gaff Nazita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,189,000
Interest Rate
5.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 3, 2018
Sold by
Gaff Nazita
Bought by
Ava Equities Llc
Purchase Details
Closed on
Mar 23, 2016
Sold by
Ava Equities Llc
Bought by
Ava Equities Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Interest Rate
3.65%
Mortgage Type
Construction
Purchase Details
Listed on
Feb 22, 2015
Closed on
May 17, 2015
Sold by
Gaff Nazita R
Bought by
Ava Equities Llc
Seller's Agent
Colin Delaney
Gatehouse Properties
Buyer's Agent
Nick Binesh
Binesh Realty
List Price
$2,695,000
Sold Price
$1,825,000
Premium/Discount to List
-$870,000
-32.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.24%
Original Mortgage
$912,500
Interest Rate
3.73%
Mortgage Type
Construction
Purchase Details
Listed on
Feb 22, 2015
Closed on
Mar 19, 2015
Sold by
Westrem William
Bought by
Gaff Nazita R
Seller's Agent
Colin Delaney
Gatehouse Properties
Buyer's Agent
Nick Binesh
Binesh Realty
List Price
$2,695,000
Sold Price
$1,825,000
Premium/Discount to List
-$870,000
-32.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$912,500
Interest Rate
3.73%
Mortgage Type
Construction
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dm Grace Llc | -- | None Available | |
| Barsoum Maher Labib | $4,400,000 | Western Resources Title Co | |
| Gaff Nazita | -- | Chicago Title Co | |
| Ava Equities Llc | -- | None Available | |
| Ava Equities Llc | -- | Accommodation | |
| Ava Equities Llc | -- | None Available | |
| Gaff Nazita R | $1,825,000 | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Barsoum Maher Labib | $3,000,000 | |
| Previous Owner | Gaff Nazita | $2,189,000 | |
| Previous Owner | Ava Equities Llc | $2,200,000 | |
| Previous Owner | Gaff Nazita R | $912,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/30/2019 08/30/19 | Sold | $4,400,000 | -10.2% | $2,029 / Sq Ft | |
| 07/16/2019 07/16/19 | For Sale | $4,900,000 | +168.5% | $2,259 / Sq Ft | |
| 04/30/2015 04/30/15 | Sold | $1,825,000 | -32.3% | $877 / Sq Ft | View Prior Sale |
| 03/01/2015 03/01/15 | Pending | -- | -- | -- | |
| 08/25/2014 08/25/14 | For Sale | $2,695,000 | -- | $1,296 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $50,033 | $4,812,040 | $3,872,642 | $939,398 |
| 2024 | $50,033 | $4,717,687 | $3,796,708 | $920,979 |
| 2023 | $48,866 | $4,625,184 | $3,722,263 | $902,921 |
| 2022 | $48,061 | $4,534,495 | $3,649,278 | $885,217 |
| 2021 | $47,138 | $4,445,584 | $3,577,724 | $867,860 |
| 2020 | $46,686 | $4,400,000 | $3,541,038 | $858,962 |
| 2019 | $26,910 | $2,525,342 | $1,775,545 | $749,797 |
| 2018 | $25,600 | $2,402,312 | $1,740,730 | $661,582 |
| 2017 | $18,024 | $1,706,599 | $1,706,599 | $0 |
| 2016 | $20,328 | $1,825,000 | $1,762,137 | $62,863 |
| 2015 | $19,998 | $94,958 | $76,511 | $18,447 |
| 2014 | -- | $93,098 | $75,012 | $18,086 |
Source: Public Records
Agents Affiliated with this Home
-
Monique Brown
-
Colin Delaney
Seller's Agent in 2015
Colin Delaney
Gatehouse Properties
(714) 743-9882
41 Total Sales
-
Gary Rocha
Seller Co-Listing Agent in 2015
Gary Rocha
Patriot Real Estate
(949) 887-8096
30 Total Sales
-
Nick Binesh
Buyer's Agent in 2015
Nick Binesh
Binesh Realty
(949) 222-0234
48 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19170313
APN: 048-143-37
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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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