$3,148,000 - $4,513,437
RENTED JUL 19, 2024

947 W Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood
4 Beds
4 Baths
3,248 Sq Ft
$1,148 Price per Sq Ft

Last Sold October 06, 2021

Last sale price $3,150,000 $970 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $23,880/month

About This Home

As of October 2021

AVAILABLE DATES IN AUGUST FOR THIS GORGEOUS FURNISHED MONTHLY AND WEEKLY VACATION HOME - just one house from the sand. This beautifully remodeled home features 4 bedrooms, 4 baths, a spacious loft, and a large rooftop deck with views. Blending beach house style with contemporary finishes, the turn-key residence impresses inside and out. An open-concept first floor enjoys multiple entertaining spaces, a chef's kitchen with stainless steel appliances, a breakfast bar, and a main-level bedroom and bath. Upstairs, the primary suite joins two additional bedrooms, a large open loft, and a laundry room. The rooftop deck is perfect for al fresco entertaining and enjoys views of the beach, Fashion Island, and the Newport Hills. Available for summer rental fully furnished. An additional occupancy tax of 10% will be added to bookings of less than 30 days. STLP 13976. Weekly rates available upon request. Winter rental rates $12,000/mo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Sep 21, 2021
Sold by
Belt Capital Properties Llc
Bought by
Steffens/Bell Family Trust and Steffens
Seller's Agent
Heather Kidder
Arbor Real Estate
Buyer's Agent
Heather Kidder
Arbor Real Estate
List Price
$2,995,000
Sold Price
$3,150,000
Premium/Discount to List
$155,000
5.18%
Current Estimated Value
$3,730,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$580,146
Avg. Annual Appreciation
4.71%
Original Mortgage
$2,170,000
Outstanding Balance
$2,000,184
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,729,962
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Steffens/Bell Family Trust $3,150,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steffens/Bell Family Trust $2,170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Rented $12,000 -40.0% --
07/02/2024 07/02/24 For Rent $20,000 +185.7% --
05/18/2024 05/18/24 Price Changed $7,000 -72.0% $2 / Sq Ft
04/06/2024 04/06/24 Rented $25,000 0.0% --
01/28/2024 01/28/24 For Rent $25,000 +129.4% --
11/16/2023 11/16/23 Rented $10,900 0.0% --
10/19/2023 10/19/23 Price Changed $10,900 -5.2% $3 / Sq Ft
09/12/2023 09/12/23 Price Changed $11,500 -4.2% $4 / Sq Ft
08/26/2023 08/26/23 For Rent $12,000 0.0% --
10/06/2021 10/06/21 Sold $3,150,000 +5.2% $1,042 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $2,995,000 -- $991 / Sq Ft

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 $35,289 $3,277,260 $2,704,058 $573,202
2023 $34,752 $3,213,000 $2,651,037 $561,963
2022 $34,097 $3,150,000 $2,599,055 $550,945
Source: Public Records

Agents Affiliated with this Home

  • Cheri Axelson

    Seller's Agent in 2024

    Cheri Axelson

    Arbor Real Estate

    (949) 278-1964

    17 Total Sales

    Cheri Axelson
    Section Image
  • Heather Kidder

    Seller's Agent in 2021

    Heather Kidder

    Arbor Real Estate

    (949) 466-8699

    3 in this area

    151 Total Sales

    Heather Kidder
    Section Image
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Map

California Orange County Newport Beach 92661 Central Newport Beach

947 W Balboa Blvd, Newport Beach, CA

This home is located at 947 W Balboa Blvd, Newport Beach, CA 92661 and is currently estimated at $3,730,146, approximately $1,148 per square foot. 947 W Balboa Blvd is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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