Seller's Agent in 2012
Steve High
Pacific Sotheby’s International Realty
(949) 874-4724
10 in this area
72 Total Sales
1220 W Bay Ave Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $5,013,000
4
Beds
6.5
Baths
5,000
Sq Ft
$1,003/Sq Ft
Est. Value
Highlights
- Beach Access
- Marina View
- Filtered Pool
- Newport Elementary School Rated A
- Boat Slip
- 4-minute walk to Newport Beach Playground
About This Home
As of September 2012Luxurious open spaces & minimalist contemporary-style are fused with 1930's Spanish Colonial Revival architecture in this stylish Balboa Peninsula Bayfront estate home. One of the most prized waterfront properties in Newport Harbor, with two buildable lots totaling 100' of frontage, this premier property has a swimming pool & unobstructed views of the harbor activity, city lights & Fashion Island. Recently remodeled with a unique palette of artistic finishes that includes polished concrete, walls of retractable doors, rough sawn cabinetry, white oak hardwood flooring, stainless steel appliances, limestone & handsome tile work, the home features a large lower level great room with two fireplaces, open kitchen, & large expanses of glass. The upper level has a huge luxurious master suite & two additional bedrooms with en-suite baths. Presently the pier & slips allow for three boats - a 76', 64' & 63' craft can be accommodated or reconfiguration would allow for a yacht of up to 115 feet
Last Listed By
Pacific Sotheby’s International Realty License #00936421 Listed on: 09/27/2011
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $201,020
Year Built
- Built in 1936 | Remodeled
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 100 x 109
Parking
- 5 Car Garage
- Three Garage Doors
Property Views
- Marina
- Coastline
- Bay
- Harbor
- City Lights
Home Design
- Modern Architecture
- Spanish Architecture
- Slab Foundation
- Spanish Tile Roof
- Clay Roof
- Copper Plumbing
- Stucco
Interior Spaces
- 5,000 Sq Ft Home
- Wood Burning Fireplace
- Electric Fireplace
- Gas Fireplace
- Living Room
- Basement
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
Pool
- Filtered Pool
- Gunite Pool
- Spa
Outdoor Features
- Beach Access
- Boat Slip
- Ocean Side of Freeway
- Slab Porch or Patio
Utilities
- Forced Air Heating and Cooling System
- Sewer Paid
Listing and Financial Details
- Legal Lot and Block 8 / 3
- Tax Tract Number 626
- Assessor Parcel Number 04723205
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 1, 2015
Sold by
Sabo Elias Joseph and Sabo Caroline Elizabeth Siefert
Bought by
Sabo Family Trust
Total Days on Market
367
Current Estimated Value
Purchase Details
Listed on
Sep 27, 2011
Closed on
Aug 20, 2012
Sold by
Archaeological Llc
Bought by
Sabo Elias Joseph and Sabo Caroline Elizabeth Siefert
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Steve High
Pacific Sotheby’s International Realty
List Price
$16,950,000
Sold Price
$10,500,000
Premium/Discount to List
-$6,450,000
-38.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.72%
Original Mortgage
$5,234,510
Outstanding Balance
$3,545,604
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$1,467,396
Purchase Details
Closed on
Jan 19, 2010
Sold by
Senizergues Pierre Andre
Bought by
Archaeological Llc
Purchase Details
Closed on
Aug 3, 2007
Sold by
J & R Oceanfront Development Llc
Bought by
Jr West Bay Avenue Llc
Purchase Details
Closed on
Jul 17, 2007
Sold by
Panetti Ramon S and Lawson Norman B
Bought by
J & R Oceanfront Development Llc
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 |
|---|---|---|---|
| Sabo Family Trust | -- | None Available | |
| Sabo Elias Joseph | $10,240,000 | Stewart Title | |
| Archaeological Llc | -- | None Available | |
| Jr West Bay Avenue Llc | -- | Accommodation | |
| J & R Oceanfront Development Llc | -- | None Available | |
| Panetti Ramon S | -- | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sabo Elias Joseph | $5,234,510 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2012 09/29/12 | Sold | $10,500,000 | -8.7% | $2,100 / Sq Ft |
| 07/10/2012 07/10/12 | Price Changed | $11,500,000 | -10.9% | $2,300 / Sq Ft |
| 03/27/2012 03/27/12 | Price Changed | $12,900,000 | -13.4% | $2,580 / Sq Ft |
| 10/15/2011 10/15/11 | Price Changed | $14,900,000 | -12.1% | $2,980 / Sq Ft |
| 09/27/2011 09/27/11 | For Sale | $16,950,000 | -- | $3,390 / 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 |
|---|---|---|---|---|
| 2024 | $201,020 | $19,067,161 | $11,133,603 | $7,933,558 |
| 2023 | $177,260 | $16,873,060 | $10,915,297 | $5,957,763 |
| 2022 | $151,538 | $14,373,005 | $10,701,271 | $3,671,734 |
| 2021 | $149,373 | $14,162,555 | $10,491,442 | $3,671,113 |
| 2020 | $121,508 | $11,506,628 | $10,383,865 | $1,122,763 |
| 2019 | $105,128 | $9,965,309 | $9,935,161 | $30,148 |
Source: Public Records
Agents Affiliated with this Home
-
Steve High
-
Evan Corkett
Seller Co-Listing Agent in 2012
Evan Corkett
Pacific Sotheby's Int'l Realty
(949) 285-1055
8 in this area
52 Total Sales
Map
Similar Homes in Newport Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: L37168
APN: 047-232-09
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