NOT LISTED FOR SALE

427 E Edgewater Ave Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $7,363,000 - $7,837,359

3 Beds
4 Baths
2,225 Sq Ft
$3,427/Sq Ft Est. Value

Sale Details

Date Sold: March 17, 2021

Last sale price $5,495,000 $2,470 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $46,251 / mo

12 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Fireplace in Primary Bedroom
  • No HOA
  • Newport Elementary School Rated A
  • Corner Lot
  • 2 Car Direct Access Garage

About This Home

As of March 2021

A must see Balboa Peninsula custom, corner Bayfront home, located at 427 E. Edgewater Ave on Newport Harbor’s Main Channel. This waterfront property includes its own private pier, a private boat dock that can accommodate a 70+ foot yacht, your own private sandy beach and unobstructed bay and city light views. Enjoy the outdoors on the sandy beaches, on the water boating to Avalon, biking to the wedge or just walking around at the nearby Balboa fun zone. This home is a European Villa with elegant old world charm and has a gourmet kitchen with a Sub Zero Refrigerator, Bosch Dishwasher, Viking Stainless Steel Range, rustic wood cabinets, center island and stone floor. Additional home features include, a shower in the downstairs bath, living room ceiling with antique wood beams, a sweeping hand wrought iron staircase, central vacuum, vaulted master suite ceiling with antique timber and wood beams, wood floors in master bedroom, landing and stairs, built-in cabinets throughout, surround sound in living room, master bedroom and front porch, solid wood interior doors, crown molding, shutters, two stone fireplaces and garage with built-in custom cabinets and epoxy floor. Situated in one of the most remarkable areas of Southern California this home in Newport Beach is near all the shopping and dining you would ever imagine.

Last Agent to Sell the Property

Martin Schultz

Coldwell Banker Realty License #00962328 Listed on: 01/04/2021

Coldwell Banker Realty

Last Buyer's Agent

John Oddo

Yorba Crest License #00607393

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002

Lot Details

  • 3,179 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Corner Lot

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • Bay
  • City Lights

Interior Spaces

  • 2,225 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Suburban Location
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Tax Tract Number 95
  • Assessor Parcel Number 04811110

Home Details

Home Type

Single Family

Year Built

Built in 2002

Lot Details

3,179 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04811110
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2225.00 Square Feet
  • Interior Amenities: Vacuum Central
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 2469.66
  • Room Type: All Bedrooms Up

Exterior Features

  • Direction Faces: East
  • View: Bay, City Lights, Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3179.00
  • Lot Size Acres: 0.0730

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3179.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 628.00
  • Tax Lot: 1
  • Tax Tract Number: 95

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2021
Closed on
Jan 22, 2021
Sold by
Bought by
Seller's Agent
Martin Schultz
Coldwell Banker Realty
Buyer's Agent
John Oddo
Yorba Crest
List Price
$5,495,000
Sold Price
$5,495,000
Current Estimated Value
$7,625,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,130,120
Avg. Annual Appreciation
6.41%

Purchase Details

Closed on
Apr 5, 2006
Sold by
Bought by

Purchase Details

Closed on
May 5, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,875,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,875,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,825,000
Interest Rate
6.7%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,495,000 First American Title Company
-- None Available
$2,500,000 Fidelity National Title Co
-- Fidelity National Title Co
-- Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,875,000
Previous Owner $5,825,000
Closed $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/17/2021 03/17/21 Sold $5,495,000 0.0% $2,470 / Sq Ft
01/16/2021 01/16/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $5,495,000 -- $2,470 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $61,751 $5,947,963 $5,624,174 $323,789
2024 $61,751 $5,831,337 $5,513,896 $317,441
2023 $60,311 $5,716,998 $5,405,781 $311,217
2022 $59,319 $5,604,900 $5,299,785 $305,115
2021 $34,914 $3,283,797 $3,021,694 $262,103
2020 $34,579 $3,250,126 $2,990,710 $259,416
2019 $33,859 $3,186,399 $2,932,069 $254,330
2018 $33,183 $3,123,921 $2,874,577 $249,344
2017 $32,596 $3,062,668 $2,818,213 $244,455
2016 $31,861 $3,002,616 $2,762,954 $239,662
2015 $31,563 $2,957,514 $2,721,451 $236,063
2014 $30,819 $2,899,581 $2,668,142 $231,439
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Martin Schultz

    Coldwell Banker Realty

    Section Image

  • J

    Buyer's Agent in 2021

    John Oddo

    Yorba Crest

    (949) 922-8397

    6 Total Sales

    John Oddo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21001160

California Regional Multiple Listing Service (CRMLS)

APN: 048-111-10

California Orange County Newport Beach 92661 Central Newport Beach

427 E Edgewater Ave, Newport Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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