NOT LISTED FOR SALE

926 W Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $2,983,000 - $5,320,000

6 Beds
3 Baths
2,813 Sq Ft
$1,330/Sq Ft Est. Value

Last Sold June 13, 2014

Last sale price $1,250,000 $444 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $21,286/month

8 Days on Market

About This Home

As of June 2014

The prime location of this duplex near the fun zone and just steps from the sandy beaches of the bay and ocean make it ideal for an owner occupant who wants to rent part of the property or an investor who is looking for a great rental property. The front unit features a two car garage plus a driveway that parks two more cars for a total of four parking spaces. Downstairs, the front unit has a family room, kitchen, and bathroom plus direct garage access. Upstairs, it has a living room with a fireplace and high ceilings, a bedroom, and a second bedroom loft. The balcony located off the loft has great views of the bay and snow capped mountains in the distance and is the perfect place for grilling with friends on a summer evening. The second unit consists of a two story beach cottage with its entrance off the alley in the back. Downstairs it has a great family room featuring a vintage stonework fireplace plus there are two bedrooms, a bathroom, and a large walk-in closet. The upstairs of the second unit features a remodeled kitchen with a bar top that is open to the family room plus there are two more bedrooms and a bathroom making it a great setup for roommates or extended family.

Last Agent to Sell the Property

Markus Brown

First Team Real Estate License #01441782 Listed on: 05/13/2014

First Team Real Estate

Last Buyer's Agent

Michael Brinkman

Coastline Realty License #00926365

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,200

Year Built

  • Built in 1917

Lot Details

  • 2,614 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,813 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 515
  • Assessor Parcel Number 04727323

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,200

Year Built

Built in 1917

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 04727323
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 444.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Gross Scheduled Income: 61800.00
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 5150.00

Tax Info

  • Tax Lot: 14
  • Tax Tract Number: 515
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2015
Sold by
Srpp Ii Lp
Bought by
Srpp Ii Lp
Current Estimated Value
$3,741,748

Purchase Details

Listed on
May 13, 2014
Closed on
May 21, 2014
Sold by
Robson Mark K and Robson Debbie L
Bought by
Srpp Ii Lp
Seller's Agent
Markus Brown
First Team Real Estate
Buyer's Agent
Michael Brinkman
Coastline Realty
List Price
$1,250,000
Sold Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.97%
Original Mortgage
$750,000
Interest Rate
4.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 12, 2013
Sold by
Robson Mark K and Robson Debbie L
Bought by
Robson Mark K and Robson Debbie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2008
Sold by
Robson Mark K and Robson Debbie L
Bought by
Robson Mark K and Robson Debbie L

Purchase Details

Closed on
Apr 26, 1996
Sold by
Robson Mark K
Bought by
Robson Mark K and Robson Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
7.84%

Purchase Details

Closed on
Feb 24, 1993
Sold by
Wolfe Raymond and Wolfe Susan
Bought by
Robson Mark K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
7.2%
Source: Public Records

Range of Values:

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Average Value
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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
Srpp Ii Lp -- Fatco
Srpp Ii Lp $1,250,000 Western Resources Title Co
Robson Mark K -- Accommodation
Robson Mark K -- Lsi
Robson Mark K -- None Available
Robson Mark K -- American Title Ins Co
Robson Mark K $395,000 California Counties Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Srpp Ii Lp $710,000
Open Srpp Ii Lp $5,245,500
Closed Srpp Ii Lp $750,000
Closed Srpp Ii Lp $750,000
Previous Owner Robson Mark K $498,000
Previous Owner Robson Mark K $100,000
Previous Owner Robson Mark K $557,200
Previous Owner Robson Mark K $150,000
Previous Owner Robson Mark K $60,000
Previous Owner Robson Mark K $10,000
Previous Owner Robson Mark K $17,500
Previous Owner Robson Mark K $63,000
Previous Owner Robson Mark K $316,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2014 06/13/14 Sold $1,250,000 0.0% $444 / Sq Ft
05/21/2014 05/21/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $1,250,000 -- $444 / 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 $16,200 $1,532,324 $1,466,378 $65,946
2024 $16,200 $1,502,279 $1,437,626 $64,653
2023 $15,820 $1,472,823 $1,409,437 $63,386
2022 $15,556 $1,443,945 $1,381,801 $62,144
2021 $15,259 $1,415,633 $1,354,707 $60,926
2020 $15,112 $1,401,118 $1,340,816 $60,302
2019 $14,802 $1,373,646 $1,314,526 $59,120
2018 $14,508 $1,346,712 $1,288,751 $57,961
2017 $14,252 $1,320,306 $1,263,481 $56,825
2016 $13,933 $1,294,418 $1,238,707 $55,711
2015 $13,801 $1,274,975 $1,220,100 $54,875
2014 $6,150 $553,131 $508,393 $44,738
Source: Public Records

Agents Affiliated with this Home

  • Markus Brown

    Seller's Agent in 2014

    Markus Brown

    First Team Real Estate

    (714) 544-5456

    27 Total Sales

    Markus Brown
    Section Image

  • M

    Buyer's Agent in 2014

    Michael Brinkman

    Coastline Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14100434

California Regional Multiple Listing Service (CRMLS)

APN: 047-273-23

California Orange County Newport Beach 92661 Central Newport Beach

926 W Balboa Blvd, Newport Beach, CA

This home is located at 926 W Balboa Blvd, Newport Beach, CA 92661 since 13 May 2014 and is currently estimated at $3,741,748, approximately $1,330 per square foot. This property was built in 1917. 926 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.

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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