NOT LISTED FOR SALE

Estimated Value: $5,563,000 - $10,284,005

6 Beds
6 Baths
4,987 Sq Ft
$1,571/Sq Ft Est. Value

Last Sold December 01, 2015

Last sale price $5,669,500 $1,137 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $45,802/month

184 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Fishing
  • Newport Elementary School Rated A
  • Property has ocean access
  • Ocean Side of Highway 1

About This Home

As of December 2015

JUST REDUCED!!! AMAZING 40 FOOT WIDE OCEANFRONT CORNER LOT/ 3 CAR GARAGE. Located at 10th and Oceanfront on the Balboa Peninsula, directly between the Newport Pier and Balbo Pier . With views of both of the piers, this home also boasts stunning sit down panoramic Catalina ocean views, looking over the lifeguard towers out to the white water of the pacific ocean. This home offers 6 bedrooms and 6 bathrooms with a gourmet family room kitchen and offers a desired downstairs bedroom and bathroom. Another awesome feature of this property is the ability to compartmentalize the home into two separate units. The upper rear of the home can be privatized creating a private 2 bedroom, 2 bathroom deluxe apartment with a private entrance, appointed with a second high end kitchen and private deck which has a big ocean view looking over 10th Street to the beach and water. Formal and Casual dining rooms, with the formal having a sit down ocean view, high end accommodations for friends and family, So-Cal's best surfing in your front yard, and the ability to walk to the best of what Newport Beach has to offer... it doesn't get any better! 942 W. Oceanfront in Newport Beach is paradise. First showings were in August due to remodel. Disregard Days on Market

Last Agent to Sell the Property

Chris Moreno

Surterre Properties Inc. License #01503663 Listed on: 04/07/2015

Surterre Properties Inc.

Co-Listed By

Cassie Hammond

Surterre Properties Inc. License #01264839

Last Buyer's Agent

Chris Moreno

Surterre Properties Inc. License #01503663 Listed on: 04/07/2015

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $70,329

Year Built

  • Built in 2000

Lot Details

  • 4,078 Sq Ft Lot
  • Lot Dimensions are 39.79x102.5
  • Beach Front
  • Corner Lot

Parking

  • 3 Car Attached Garage

Property Views

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

Home Design

  • Traditional Architecture

Interior Spaces

  • 4,987 Sq Ft Home
  • Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Deck
  • Wrap Around Porch
  • Open Patio
  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Cooling Available

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 234
  • Assessor Parcel Number 04728123

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$70,329

Year Built

Built in 2000

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04728123
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4987.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Total Bedrooms: 6
  • Levels: Two
  • Price Per Square Foot: 1136.86

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Covered, Deck, Patio Open, Porch, Front Porch, Patio, Wrap Around
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Park Nearby, Corner Lot, Near Public Transit
  • Lot Size: 39.79x102.5
  • Lot Size Sq Ft: 4078.00
  • Price Per Lot Square Foot: 1390.26
  • Lot Size Acres: 0.0940

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4078.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Fishing in Community, Ocean Access, Ocean Front, Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2015
Closed on
Nov 12, 2015
Sold by
Torgerson Jerry A
Bought by
Torgerson Dawn
Seller's Agent
Chris Moreno
Surterre Properties Inc.
Buyer's Agent
Chris Moreno
Surterre Properties Inc.
List Price
$6,300,000
Sold Price
$5,669,500
Premium/Discount to List
-$630,500
-10.01%
Current Estimated Value
$7,526,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,856,568
Original Mortgage
$4,000,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2015
Closed on
Oct 14, 2015
Sold by
Torgerson Dawn
Bought by
Robershotte Lynn A and Lynn A Robershotte Trust
Seller's Agent
Chris Moreno
Surterre Properties Inc.
Buyer's Agent
Chris Moreno
Surterre Properties Inc.
List Price
$6,300,000
Sold Price
$5,669,500
Premium/Discount to List
-$630,500
-10.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2003
Sold by
Schuler Becky L
Bought by
Schuler Becky and The Becky Schuler Family Trust

Purchase Details

Closed on
Nov 28, 2001
Sold by
Torgerson Dawn M
Bought by
Torgerson Dawn and The Dawn Torgerson Living Trust

Purchase Details

Closed on
Jul 24, 1998
Sold by
Bank Of America National Tr & Svgs Assn
Bought by
Torgerson Dawn M and Schuler Becky L
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
Torgerson Dawn -- Ticor Title
Robershotte Lynn A $5,669,500 Ticor Title
Schuler Becky -- --
Torgerson Dawn -- --
Torgerson Dawn M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robershotte Lynn A $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2015 12/01/15 Sold $5,669,500 -5.5% $1,137 / Sq Ft
10/08/2015 10/08/15 Pending -- -- --
09/18/2015 09/18/15 Price Changed $5,999,000 -4.8% $1,203 / Sq Ft
04/07/2015 04/07/15 For Sale $6,300,000 -- $1,263 / 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 $70,329 $6,711,536 $5,596,895 $1,114,641
2024 $70,329 $6,579,938 $5,487,152 $1,092,786
2023 $69,192 $6,450,920 $5,379,561 $1,071,359
2022 $67,916 $6,324,432 $5,274,080 $1,050,352
2021 $66,981 $6,200,424 $5,170,667 $1,029,757
2020 $66,347 $6,136,847 $5,117,648 $1,019,199
2019 $65,006 $6,016,517 $5,017,302 $999,215
2018 $63,880 $5,898,547 $4,918,924 $979,623
2017 $62,772 $5,782,890 $4,822,475 $960,415
2016 $61,401 $5,669,500 $4,727,916 $941,584
2015 $24,130 $2,084,438 $1,395,032 $689,406
2014 $23,580 $2,043,607 $1,367,705 $675,902
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15076972

California Regional Multiple Listing Service (CRMLS)

APN: 047-281-23