NOT LISTED FOR SALE

Estimated Value: $4,400,000 - $5,441,000

4 Beds
4 Baths
2,509 Sq Ft
$1,982/Sq Ft Est. Value

Last Sold June 12, 2018

Last sale price $2,999,995 $1,196 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $29,467/month

Highlights

  • Wine Cellar
  • Bay View
  • Property is near a clubhouse
  • Newport Elementary School Rated A
  • Open Floorplan
  • 1-minute walk to Degrassi Park

About This Home

As of January 2024

GORGEOUS FURNISHED LEASE ON LIDO ISLE. MONTHLY TERM CONSIDERED. Prime Location in Newport Beach - Lease this immaculate, furnished residence which is steps away from Lido's clubouse and beach. Welcome home to this exquisite 4-bed, 4-bath home boasting approximately 2700 sqft of luxurious living space plus private outdoor spaces. Positioned in one of the most sought-after areas of Newport Beach, this residence sits on a premier Lido Isle street - Via San Remo, offering unparalleled convenience and easy access to the clubhouse, San Remo Park, San Remo children's playground, and tennis court - it will feel like a permanent vacation all year long. Inside the home you will discover a beautifully remodeled interior featuring a well-designed floor plan. The spacious living room, has an inviting fireplace, while the chef's kitchen is equipped with top-of-the-line appliances, a large center island, and a convenient wine closet, making it the perfect space for culinary enthusiasts. Entertain effortlessly in the adjacent family room, where French doors lead to a captivating courtyard equipped with another cozy fireplace, pizza oven and a unique, subterranean wine cellar, perfect for hosting intimate gatherings or enjoying tranquil evenings. The first floor also hosts a private bedroom and bath, offering flexibility and convenience. Ascend to the second level to find a versatile loft/family room complete with another fireplace and a wet bar. Adjacent to this, a spacious terrace offers water views, serving as an ideal spot for relaxation or entertainment. The second level also accommodates two additional well-appointed bedrooms and a bathroom. Not to be missed is the impressive master suite, featuring a dual fireplace, a sizable closet with built-ins, and a sumptuous master bath complete with a spa tub, a large shower with a waterfall feature, and a dual vanity. Discover the epitome of luxury living in this Lido Isle gem.

Last Agent to Rent the Property

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048 Listed on: 11/08/2023

Pacific Sotheby's Int'l Realty

Last Renter's Agent

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048 Listed on: 11/08/2023

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,606

Year Built

  • Built in 1935

Lot Details

  • 2,640 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,509 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furniture Can Be Negotiated
  • Built-In Features
  • High Ceiling
  • Two Way Fireplace
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Bay Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Balcony
  • Fireplace in Patio
  • Patio
  • Outdoor Fireplace
  • Exterior Lighting

Location

  • Property is near a clubhouse

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Lido Island Subdivision

Listing and Financial Details

  • Security Deposit $20,000
  • Rent includes association dues
  • 12-Month Minimum Lease Term
  • Available 11/8/23
  • Tax Lot 185
  • Tax Tract Number 907
  • Assessor Parcel Number 42324605

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,606

Year Built

Built in 1935

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2023-11-08
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 20000
  • Furnished: Negotiable
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 42324605
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2509.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, High Ceilings, Open Floorplan
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room, Primary Bedroom, Outside, Patio, Two Way
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 4.78
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Main Floor Primary Bedroom, Walk-In Closet, Wine Cellar
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Primary Bath, Jetted Tub, Stone Counters
  • Room Kitchen Features: Kitchen Island, Stone Counters

Exterior Features

  • Patio: Yes
  • View: Bay
  • Patio And Porch Features: Patio
  • 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

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Close to Clubhouse
  • Lot Size Sq Ft: 2640.00
  • Lot Size Acres: 0.0606

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months, Negotiable
  • Lot Size Area: 2640.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Association Dues

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 185
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2018
Closed on
Jun 4, 2018
Sold by
Startegic Resorce Gruop Inc
Bought by
Mohtashami Saied S and The Ssm Sp Living Trust
Seller's Agent
Olga Matthews
Pacific Sotheby's Int'l Realty
Buyer's Agent
Olga Matthews
Pacific Sotheby's Int'l Realty
List Price
$3,275,000
Sold Price
$2,999,995
Premium/Discount to List
-$275,005
-8.4%
Current Estimated Value
$4,973,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,973,731
Avg. Annual Appreciation
7.40%
Original Mortgage
$2,400,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 14, 2018
Closed on
May 1, 2018
Sold by
Ata Partners Ltd
Bought by
Strategic Resource Group Inc
Seller's Agent
Olga Matthews
Pacific Sotheby's Int'l Realty
Buyer's Agent
Olga Matthews
Pacific Sotheby's Int'l Realty
List Price
$3,275,000
Sold Price
$2,999,995
Premium/Discount to List
-$275,005
-8.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 3, 2003
Sold by
Timmons Glenn A and Timmons Tempie A
Bought by
Timmons Glenn A and Timmons Tempie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.76%

Purchase Details

Closed on
Nov 20, 2000
Sold by
Timmons Glenn A and Timmons Tempie A
Bought by
Timmons Glenn A and Timmons Tempie A
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
Mohtashami Saied S $3,000,000 Stewart Title
Strategic Resource Group Inc -- None Available
Timmons Glenn A -- Ticor Title
Timmons Glenn A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ssm Sp Living Trust $2,258,000
Closed Mohtashami Saecid S $2,343,000
Closed Mohtashami Saeid S $2,387,210
Closed Mohtashami Saied S $2,400,000
Previous Owner Ata Partners Ltd $1,281,875
Previous Owner Timmons Glenn A $243,000
Previous Owner Timmons Glenn A $500,000
Previous Owner Timmons Glenn A $250,000
Previous Owner Timmons Glenn A $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2024 01/18/24 Rented $12,000 -14.3% --
11/08/2023 11/08/23 For Rent $13,995 0.0% --
06/12/2018 06/12/18 Sold $2,999,995 -8.4% $1,111 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
04/14/2018 04/14/18 For Sale $3,275,000 0.0% $1,213 / Sq Ft
05/25/2017 05/25/17 Rented $10,500 0.0% --
04/22/2017 04/22/17 For Rent $10,500 0.0% --
06/21/2013 06/21/13 Sold $1,831,250 +8.0% $678 / Sq Ft
04/16/2013 04/16/13 Pending -- -- --
03/14/2013 03/14/13 For Sale $1,695,000 -7.4% $628 / Sq Ft
03/12/2013 03/12/13 Off Market $1,831,250 -- --
01/02/2013 01/02/13 For Sale $1,695,000 -7.4% $628 / Sq Ft
12/21/2012 12/21/12 Off Market $1,831,250 -- --
12/04/2012 12/04/12 For Sale $1,695,000 0.0% $628 / Sq Ft
11/18/2012 11/18/12 Pending -- -- --
07/21/2012 07/21/12 For Sale $1,695,000 -- $628 / 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 $35,606 $3,413,477 $3,081,984 $331,493
2024 $35,606 $3,346,547 $3,021,553 $324,994
2023 $34,774 $3,280,929 $2,962,307 $318,622
2022 $34,200 $3,216,598 $2,904,223 $312,375
2021 $33,543 $3,153,528 $2,847,278 $306,250
2020 $33,222 $3,121,193 $2,818,083 $303,110
2019 $32,531 $3,059,994 $2,762,827 $297,167
2018 $21,182 $1,981,888 $1,692,055 $289,833
2017 $20,808 $1,943,028 $1,658,878 $284,150
2016 $20,341 $1,904,930 $1,626,351 $278,579
2015 $20,149 $1,876,317 $1,601,922 $274,395
2014 $19,674 $1,839,563 $1,570,543 $269,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23207243

California Regional Multiple Listing Service (CRMLS)

APN: 423-246-05