1016 E Balboa Blvd Newport Beach, CA 92661

$4,300,000 Sold Price as of 07/10/2020

3 Beds
2 Baths
2,117 Sq.Ft.

Off Market

$4,300,000 Sold Price as of 07/10/2020 Refinance Your Mortgage

Property Overview: 1016 E Balboa Blvd Newport Beach, CA has 3 bedrooms, 2 bathrooms, 2,117 living square feet and 2,280 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1016 E Balboa Blvd is currently an off market home in the city of Newport Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Newport Beach has a median list price of $4,298,800. The median price per/sqft for Newport Beach is $1,506. With those numbers in mind, if you are looking to purchase a median priced home in Newport Beach, CA and put 20% down you will need to save up $859,760 for the down payment and will need roughly $85,976 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Newport Beach the commission could be as much as $185,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1016 E Balboa Blvd

Last sold for $4,300,000 on July 10th, 2020

May, 2024
May 1, 2024

Date

Expired

CRMLS: OC23219501

$22,500

Price
Dec 1, 2023

Date

Active

CRMLS: OC23219501

$25,000

Price
Listing provided courtesy of CRMLS

A rare lease opportunity sits on the water at 1016 East Balboa Boulevard on the highly coveted Newport Beach Peninsula. Featuring three bedrooms and two and a half bathrooms, the floor plan is great for every day beach living and entertaining. An open kitchen allows for views to the living room and out to the water. A private patio on the water makes the ideal place to watch the boats pass by, sunsets or enjoy the city lights at night. Upstairs you have an oversized primary suite with unobstructed views of the bay, in addition you have two other bedrooms and bathroom. Within walking distance of the Wedge, the Ferry and some of the West Coast's best beaches, this is truly a one of a kind rental opportunity on the water.

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July, 2020
Jul 10, 2020

Date

Sold

CRMLS: CV20025630

$4,300,000

Price
Jun 15, 2020

Date

Active Under Contract

CRMLS: CV20025630

$4,588,800

Price
Mar 27, 2020

Date

Active

CRMLS: CV20025630

$4,588,800

Price
Mar 21, 2020

Date

Hold

CRMLS: CV20025630

$4,588,800

Price
Mar 16, 2020

Date

Active

CRMLS: CV20025630

$4,588,800

Price
Mar 8, 2020

Date

Active Under Contract

CRMLS: CV20025630

$4,588,800

Price
Feb 24, 2020

Date

Active

CRMLS: CV20025630

$4,588,800

Price
Feb 12, 2020

Date

Active Under Contract

CRMLS: CV20025630

$4,588,800

Price
Feb 7, 2020

Date

Active

CRMLS: CV20025630

$4,588,800

Price
Listing provided courtesy of CRMLS

Unparalleled seaside retreat embraces Californian beach living just as you dreamt it would. This transformed treasure is ideally situated on the Harbor side of Balboa Peninsula complete with a 60’ boat slip and private dock. Unobstructed views of Newport Harbor captivate you while listening to the crashing ocean waves at night. An attached two car garage provides casual access into the home along with a gated formal front door entrance. An updated Kitchen offers sleek & stylish White cabinetry, Commercial Stove, prep sink & built-in refrigerator. Considerable use of windows throughout the flowing floor plan adds natural lighting. Gleaming Hardwood Floors have been completely refinished & showcase the wainscoting. The Master Bedroom with Retreat features a private balcony, walk-in robe and generous en suite, ensuring a soothing space to enjoy the unsurpassed view. Noted as one of the best places to live in California, Balboa Peninsula is perfect for full or part time residing. Ideally positioned to enjoy close proximity to restaurants & the Promenade shopping & walkways that are lined with well-kept rose gardens, benches, piers & tidy strips of sand. The schools in Balboa Peninsula are highly rated & all within walking distance. Popular annual activities include the Balboa Island parade with its precision lawn-chair drill teams. The highlight of the winter is the annual Christmas Boat Parade, where decorated boats with holiday lights circle the island.

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July, 2020
Jul 10, 2020

Date

Sold (Public Records)

Public Records

$4,300,000

Price
October, 2019
Oct 1, 2019

Date

Sold (Public Records)

Public Records

$3,800,000

Price

Tax History for 1016 E Balboa Blvd

Assessed Value (2020): $4,300,000

Year	Land Value	Improved Value	Assessed Value
2020	$4,000,000	$300,000	$4,300,000

About 1016 E Balboa Blvd

Detailed summary of property

1016 E Balboa Blvd is a single family home in Newport Beach, CA 92661 and last sold on July 10, 2020 for $4,300,000. This house has 3 bedrooms, 2 bathrooms, roughly 2,117 living square feet, and sits on an approximately 2,280 square foot lot. Homes in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 16.22% higher than the current median priced home. 1016 E Balboa Blvd was last sold on July 10, 2020 for $4,300,000. Local nearby listings include 20 Balboa Coves, 240 Nice Ln #208 and 6610 W Oceanfront. The average home in Newport Beach, CA is selling in 74 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. If you are the homeowner and looking to sell the home at 1016 E Balboa Blvd Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1016 E Balboa Blvd

Public county record property details

Beds: 3
Baths: 2
Year built: 1979
Sq. Ft.: 2,117
Lot Size: 2,280
Stories: 2

Type: Single Family Residential
Pool: No
Spa: No
County: Orange
Lot#: 9
APN: 048-142-28

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$6,750,000

Median List Price/Sq.Ft.

$2,241

Median Sold Price

$4,625,000

Median Sold Price/Sq.Ft.

$1,741

Total Inventory

Median Sale to List Price %

92.59%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (0%), VA (0%), Cash (37.5%), Other (37.5%)

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(714) 706-1823

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