Seller's Agent in 2023
Vicki Lee
Compass
(949) 466-3224
10 in this area
24 Total Sales
951 W Balboa Blvd Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $3,970,000 - $6,203,000
6
Beds
5.5
Baths
2,604
Sq Ft
$2,119/Sq Ft
Est. Value
Highlights
- Ocean View
- 2 Car Direct Access Garage
- Ocean Side of Highway 1
- Newport Elementary School Rated A
- Across the Road from Lake or Ocean
- Updated Kitchen
About This Home
As of January 2023Fabulous find- two single family homes on a lot! Designed for big family gatherings, this property will also generate income with very rare and hard to find SHORT TERM RENTAL PERMITS. 2 newly remodeled 3 bedroom houses on an oversized corner lot just one house from the oceanfront with ocean and bay views. Both homes feature wide plank floors, Shiplap walls, KitchenAid stainless steel appliances, farmhouse sinks, white cabinets, beautiful tiled baths, new light fixtures, skylights, windows and ceiling fans throughout. 951 W Balboa is a charming vintage shingled cottage with a distinctive brick fireplace. The 3 bedroom and 3 bath home with shiplap walls, gorgeous Azul Macubas Quartzite slab countertops, backsplash and fireplace wall also has a finished attic space and enjoys a private back yard with retractable awning, loads of room for entertaining family and guests.
The bright blue door opens to 110 10th Street-a bright and airy 3 bed, 2 bath two story that takes full advantage of the amazing ocean and bay views. The second floor main bedroom with a soaring beamed ceiling opens to the roomy deck.
Just steps to Newport's bike path, miles of pristine beaches, Newport Elementary School, restaurants, coffee, local market, library, the Fun Zone and Balboa Island Ferry and shopping. Shown by appointment only.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $55,753
Year Built
- Built in 1927 | Remodeled
Lot Details
- 3,219 Sq Ft Lot
- Property fronts an alley
- Vinyl Fence
- Wood Fence
- Corner Lot
- Rectangular Lot
- Level Lot
- Private Yard
- Property is zoned R2
Parking
- 2 Car Direct Access Garage
- 1 Carport Space
- Parking Available
- Rear-Facing Garage
- Single Garage Door
Property Views
- Ocean
- Bay
Home Design
- Bungalow
- Raised Foundation
- Slab Foundation
- Composition Roof
- Board and Batten Siding
- Shingle Siding
Interior Spaces
- 2,604 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Skylights
- Fireplace With Gas Starter
- Double Pane Windows
- Awning
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Open Floorplan
- Loft
- Fire and Smoke Detector
Kitchen
- Updated Kitchen
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Gas Oven
- Gas Cooktop
- Dishwasher
- Quartz Countertops
Bedrooms and Bathrooms
- 6 Bedrooms | 5 Main Level Bedrooms
- Primary Bedroom on Main
- Upgraded Bathroom
- Stone Bathroom Countertops
- Low Flow Toliet
Laundry
- Laundry Room
- Laundry in Garage
- Stacked Washer and Dryer
Outdoor Features
- Ocean Side of Highway 1
- Patio
- Exterior Lighting
- Rain Gutters
Schools
- Newport Elementary School
- Ensign Middle School
- Newport Harbor High School
Utilities
- Forced Air Heating System
- Vented Exhaust Fan
- Natural Gas Connected
- Tankless Water Heater
- Sewer Paid
- Satellite Dish
Additional Features
- Two Homes on a Lot
- Across the Road from Lake or Ocean
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 12 / 9
- Tax Tract Number 234
- Assessor Parcel Number 04728101
- $1,589 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 17, 2022
Closed on
Jan 17, 2023
Sold by
Dicarlo Mario and Dicarlo Rosemary
Bought by
Villa Las Brisas Llc
Seller's Agent
Vicki Lee
Compass
Buyer's Agent
Chris Moreno
Surterre Properties Inc.
List Price
$5,595,000
Sold Price
$5,093,000
Premium/Discount to List
-$502,000
-8.97%
Views
37
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
$423,658
Avg. Annual Appreciation
1.66%
Original Mortgage
$2,500,000
Outstanding Balance
$2,416,799
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$2,897,236
Purchase Details
Closed on
Oct 9, 2019
Sold by
Shafer Susan C
Bought by
Dicarlo Mario and Dicarlo Rosemary
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 29, 2008
Sold by
Shafer Patricia A
Bought by
Shafer Patricia A
Purchase Details
Closed on
Nov 29, 1999
Sold by
Shafer James L and Shafer Patricia A
Bought by
Shafer James L and Shafer Patricia A
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 |
|---|---|---|---|
| Villa Las Brisas Llc | $5,093,000 | Commonwealth Land Title | |
| Dicarlo Mario | $2,200,000 | Orange Coast Title Company | |
| Shafer Patricia A | -- | None Available | |
| Shafer James L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Villa Las Brisas Llc | $2,500,000 | |
| Previous Owner | Dicarlo Mario | $1,650,000 | |
| Previous Owner | Shafer James L | $206,000 | |
| Previous Owner | Shafer James L | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2023 01/31/23 | Sold | $5,093,000 | -5.6% | $1,956 / Sq Ft |
| 12/07/2022 12/07/22 | Pending | -- | -- | -- |
| 10/24/2022 10/24/22 | Price Changed | $5,395,000 | -3.6% | $2,072 / Sq Ft |
| 06/17/2022 06/17/22 | For Sale | $5,595,000 | 0.0% | $2,149 / Sq Ft |
| 06/07/2022 06/07/22 | Price Changed | $5,595,000 | +154.3% | $2,149 / Sq Ft |
| 12/24/2019 12/24/19 | Sold | $2,200,000 | -11.8% | $1,034 / Sq Ft |
| 07/28/2019 07/28/19 | Pending | -- | -- | -- |
| 07/08/2019 07/08/19 | For Sale | $2,495,000 | -- | $1,173 / Sq Ft |
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 | $55,753 | $5,298,757 | $5,187,838 | $110,919 |
| 2024 | $55,753 | $5,194,860 | $5,086,115 | $108,745 |
| 2023 | $25,692 | $2,312,591 | $2,217,380 | $95,211 |
| 2022 | $25,157 | $2,267,247 | $2,173,902 | $93,345 |
| 2021 | $24,975 | $2,222,792 | $2,131,277 | $91,515 |
| 2020 | $24,741 | $2,200,000 | $2,109,423 | $90,577 |
| 2019 | $3,116 | $144,820 | $79,098 | $65,722 |
| 2018 | $3,189 | $141,981 | $77,547 | $64,434 |
| 2017 | $3,153 | $139,198 | $76,027 | $63,171 |
| 2016 | $3,125 | $136,469 | $74,536 | $61,933 |
| 2015 | $3,344 | $134,420 | $73,417 | $61,003 |
| 2014 | $3,283 | $131,787 | $71,978 | $59,809 |
Source: Public Records
Agents Affiliated with this Home
-
Vicki Lee
-
Bradley Barker
Seller Co-Listing Agent in 2023
Bradley Barker
Compass
(949) 547-5515
4 in this area
8 Total Sales
-
Chris Moreno
Buyer's Agent in 2023
Chris Moreno
Surterre Properties Inc.
(949) 280-6357
2 in this area
61 Total Sales
-
Cassie Hammond
C
Buyer Co-Listing Agent in 2023
Cassie Hammond
Surterre Properties Inc.
(949) 500-5569
2 in this area
28 Total Sales
-
Jerry Smith
Seller's Agent in 2019
Jerry Smith
Arbor Real Estate
(949) 466-8475
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG22112498
APN: 047-281-01
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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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