NOT LISTED FOR SALE

Estimated Value: $3,089,000 - $3,632,075

2 Beds
2 Baths
1,763 Sq Ft
$650/mo HOA Fee

Last Sold May 10, 2021

Last sale price $2,670,000 $1,514 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $21,724/month

5 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • In Ground Pool
  • Gated Community
  • Abraham Lincoln Elementary School Rated A
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of May 2021

Are you looking for that island lifestyle? Look no more! This highly desired Bayside Cove, single level corner unit condo is conveniently situated on the bay next to Balboa Island. With approximately 1700 square feet of space, this lower level, home offers a spacious master suite with spectacular views. Enjoy an oversized secondary bedroom with an ensuite bath plus a den/office or third bedroom. There are beautiful travertine floors, an open concept kitchen, and dining and living room with a fireplace that opens to a nicely sized patio, overlooking the community pool and spa with direct access below and stunning views of the bay, boats and Balboa Island bridge. Parking is not a problem with an attached, direct access two car garage with lots of storage plus a washer and dryer. This condo has it all! Close to shopping, restaurants and a short drive to world famous Fashion Island Mall and the Orange County Airport.

Last Agent to Sell the Property

Danielle Owens

Coldwell Banker Realty License #01914205 Listed on: 04/05/2021

Coldwell Banker Realty

Last Buyer's Agent

Nichole Burke

Luxre Realty, Inc. License #01466946

Luxre Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $30,328

Year Built

  • Built in 1975

Lot Details

  • Property Fronts a Bay or Harbor
  • End Unit
  • No Units Located Below
  • 1 Common Wall

HOA Fees

  • $650 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door

Property Views

  • Bay
  • Bridge
  • Pool

Home Design

  • Turnkey

Interior Spaces

  • 1,763 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar
  • Shutters
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Den
  • Stone Flooring

Kitchen

  • Double Oven
  • Six Burner Stove
  • Gas Cooktop
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

Pool

  • In Ground Pool

Schools

  • Lincoln Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 7001
  • Assessor Parcel Number 93432029

Community Details

Overview

  • 58 Units
  • Bayside Cove Association, Phone Number (949) 833-2600
  • Keystone HOA
  • Bayside Cove Subdivision

Recreation

  • Community Pool
  • Community Spa
  • Water Sports
  • Bike Trail

Security

  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$30,328

Year Built

Built in 1975

Lot Details

0

HOA Fees

$650 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Refrigerator, Stove, Washer & Dryer, Flat Screen TV, BBQ
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Bayside Cove (BCOV)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93432029
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1763.00 Square Feet
  • Interior Amenities: Bar, Built-in Features, Granite Counters, Living Room Deck Attached, Open Floorplan, Wet Bar
  • Common Walls: 1 Common Wall, End Unit, No One Below
  • Flooring: Stone
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1514.46
  • Room Type: Den, Foyer, Kitchen, Living Room, Main Floor Master Bedroom, Master Bathroom, Master Suite
  • Window Features: Blinds, Shutters
  • Room Kitchen Features: Granite Counters

Exterior Features

  • View: Bay, Bridge(s), Pool, Water
  • Pool Features: Association, Community, In Ground
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Double Oven, Gas Cooktop
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Trash, Water
  • Association Fee: 650.00
  • Association Fee Frequency: Monthly
  • Association Name: Bayside Cove
  • Phone: 949-833-2600
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Watersports, Sidewalks
  • Association Management: Keystone

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Lincoln
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • Elementary School: Lincoln
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: LINCOL
  • High School2: CODEMA

Lot Info

  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 58
  • Number Of Units Total: 58
  • Waterfront Features: Bay Front

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 07001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Apr 21, 2021
Sold by
Gaal John A and Gaal Katherine B
Bought by
1030 Bayside Cove E 702 Llc
Seller's Agent
Danielle Owens
Coldwell Banker Realty
Buyer's Agent
Nichole Burke
Luxre Realty, Inc.
List Price
$2,700,000
Sold Price
$2,670,000
Premium/Discount to List
-$30,000
-1.11%
Current Estimated Value
$3,404,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$734,025
Avg. Annual Appreciation
5.24%

Purchase Details

Closed on
Oct 10, 2019
Sold by
Merrell John H and Merrell Patricia
Bought by
Gaal John A and Gaal Katherine B

Purchase Details

Closed on
Dec 14, 2004
Sold by
Neapolitan Robert P and Neapolitan Beverly A
Bought by
Merrell John H and Merrell Patricia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2004
Sold by
Neapolitan Robert P and Neapolitan Robert Peter
Bought by
Neapolitan Robert P and Neapolitan Beverly A

Purchase Details

Closed on
Mar 9, 2004
Sold by
Madsen Dande
Bought by
Madsen Dande and Dande Madsen Trust
Source: Public Records

Range of Values:

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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
1030 Bayside Cove E 702 Llc $2,670,000 Ticor Title
Gaal John A $2,400,000 First American Title Company
Merrell John H $1,700,000 Stewart Title Irvine
Merrell John H -- --
Neapolitan Robert P -- --
Neapolitan Robert P -- --
Madsen Dande -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merrell John H $1,300,000
Previous Owner Neapolitan Robert P $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2021 05/10/21 Sold $2,670,000 -1.1% $1,514 / Sq Ft
04/10/2021 04/10/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $2,700,000 -- $1,531 / 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 $30,328 $2,902,270 $2,644,591 $257,679
2024 $30,328 $2,845,363 $2,592,736 $252,627
2023 $29,618 $2,789,572 $2,541,898 $247,674
2022 $29,008 $2,723,400 $2,492,057 $231,343
2021 $25,799 $2,424,864 $2,193,085 $231,779
2020 $25,551 $2,400,000 $2,170,597 $229,403
2019 $22,615 $2,124,265 $1,897,329 $226,936
2018 $22,163 $2,082,613 $1,860,126 $222,487
2017 $21,770 $2,041,778 $1,823,653 $218,125
2016 $21,279 $2,001,744 $1,787,895 $213,849
2015 $21,078 $1,971,676 $1,761,039 $210,637
2014 $20,092 $1,886,587 $1,685,039 $201,548
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21066706

California Regional Multiple Listing Service (CRMLS)

APN: 934-320-29