NOT LISTED FOR SALE

Estimated Value: $7,363,000 - $9,862,601

5 Beds
5.5 Baths
4,723 Sq Ft
$1,782/Sq Ft Est. Value

Last Sold March 17, 2021

Last sale price $8,875,000 $1,879 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $55,453/month

Highlights

  • Beach Front
  • Marina
  • Home Theater
  • Newport Elementary School Rated A
  • White Water Ocean Views
  • Primary Bedroom Suite

About This Home

As of March 2021

Perhaps the best oceanfront value on the Peninsula! Situated on a rare 40' wide oceanfront lot this thoughtfully designed and exquisitely finished custom residence features panoramic ocean views and a superb floor plan that is well-suited to effortless coastal living. Here tasteful, timeless finishes combine with an open, flowing layout to result in an outstanding seaside home of over 4700 sf.
**SOLD OFF MARKET AND ENTERED FOR COMP PURPOSES ONLY

Last Agent to Sell the Property

Tara Shapiro

Coldwell Banker Realty License #01892201 Listed on: 03/17/2021

Coldwell Banker Realty

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $98,376

Year Built

  • Built in 1998 | Remodeled

Lot Details

  • 4,120 Sq Ft Lot
  • Beach Front
  • Level Lot
  • Drip System Landscaping
  • Sprinkler System

Parking

  • 3 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Workshop in Garage
  • Two Garage Doors
  • Garage Door Opener

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Turnkey

Interior Spaces

  • 4,723 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • Bar
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Workshop
  • Storage
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Double Self-Cleaning Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Self-Closing Drawers
  • Utility Sink
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Dressing Area
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Living Room Balcony
  • Stone Porch or Patio
  • Terrace
  • Exterior Lighting

Location

  • Urban Location

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 9 / 9
  • Tax Tract Number 234
  • Assessor Parcel Number 04728121

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Recreation

  • Marina
  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$98,376

Year Built

Built in 1998 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Security System
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04728121
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4723.00 Square Feet
  • Interior Amenities: In-Law Floorplan, Balcony, Bar, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Crown Molding, Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Storage, Vacuum Central
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1879.10
  • Room Type: Dressing Area, Entry, Family Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite, Media Room, Office, Two Masters, Walk-In Closet, Workshop
  • Bathroom Features: Double Sinks In Master Bath, Granite Counters, Privacy Toilet Door, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Self-Closing Drawers, Utility Sink

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Patio, Stone, Terrace
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage - Two Door, Garage Door Opener, Oversized, Workshop in Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Gas Cooktop, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Self Cleaning Oven
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Watersports, Sidewalks, Storm Drains, Street Lights, Urban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Sprinklers Drip System
  • Lot Size Sq Ft: 4120.00
  • Lot Size Acres: 0.0946

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4120.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Marina in Community, Ocean Front

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 628.00
  • Tax Lot: 9
  • Tax Tract Number: 234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
Feb 9, 2021
Sold by
Pope William
Bought by
Chang Leonard R and Chang Patricia Kim
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$9,100,000
Sold Price
$8,875,000
Premium/Discount to List
-$225,000
-2.47%
Current Estimated Value
$8,418,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$456,800
Avg. Annual Appreciation
-1.24%
Original Mortgage
$4,387,500
Outstanding Balance
$3,914,888
Interest Rate
1.87%
Mortgage Type
New Conventional
Estimated Equity
$4,503,312

Purchase Details

Closed on
Sep 5, 2007
Sold by
Cefalia James John and Cefalia Cathy Lynn
Bought by
Pope William and Pope Linda

Purchase Details

Closed on
May 26, 2000
Sold by
James Cefalia and James Cathy
Bought by
Cefalia James John and Cefalia Cathy Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
8.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 16, 2000
Sold by
James Cefalia and Cefalia Family Trust
Bought by
Cefalia James John and Cefalia Cathy Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
8.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 28, 1998
Sold by
Cefalia James John and Cefalia Cathy Lynn
Bought by
Cefalia James John and Cefalia Cathy Lynn

Purchase Details

Closed on
Jun 13, 1996
Sold by
Tohbin Lim and Tohbin Margaret
Bought by
Cefalia James John and Cefalia Cathy Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.88%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Chang Leonard R $8,775,000 First American Title Company
Pope William $8,100,000 Ticor Title Co Brea
Cefalia James John -- --
Cefalia James John -- First Southwestern Title Co
Cefalia James John -- --
Cefalia James John $960,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Leonard R $4,387,500
Previous Owner Cefalia James John $1,021,000
Previous Owner Cefalia James John $1,000,000
Previous Owner Cefalia James J $700,000
Previous Owner Cefalia James J $322,700
Previous Owner Cefalia James John $346,300
Previous Owner Cefalia James John $350,175
Previous Owner Cefalia James John $400,000
Previous Owner Cefalia James John $250,000
Previous Owner Cefalia James John $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2021 03/17/21 Sold $8,875,000 -2.5% $1,879 / Sq Ft
03/17/2021 03/17/21 For Sale $9,100,000 -- $1,927 / 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
2024 $98,376 $9,312,100 $8,428,326 $883,774
2023 $96,085 $9,129,510 $8,263,064 $866,446
2022 $94,507 $8,950,500 $8,101,043 $849,457
2021 $81,610 $7,721,998 $6,787,317 $934,681
2020 $82,202 $7,642,819 $6,717,722 $925,097
2019 $80,528 $7,492,960 $6,586,002 $906,958
2018 $79,091 $7,346,040 $6,456,865 $889,175
2017 $77,712 $7,202,000 $6,330,259 $871,741
2016 $65,972 $6,105,000 $5,233,259 $871,741
2015 $66,647 $6,105,000 $5,233,259 $871,741
2014 $66,352 $6,105,000 $5,233,259 $871,741
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21056051

California Regional Multiple Listing Service (CRMLS)

APN: 047-281-21