NOT LISTED FOR SALE

Estimated Value: $6,157,000 - $6,579,000

3 Beds
3.5 Baths
3,490 Sq Ft
$1,821/Sq Ft Est. Value

Last Sold June 11, 2018

Last sale price $3,650,000 $1,046 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $37,412/month

Highlights

  • Wine Cellar
  • Primary Bedroom Suite
  • Clubhouse
  • Newport Elementary School Rated A
  • Open Floorplan
  • 4-minute walk to Degrassi Park

About This Home

As of January 2020

ENJOY THE LIDO LIFESTYLE IN THIS IN THIS BEAUTIFUL CUSTOM BUILT MEDITERRANEAN STYLE HOME SITUATED ON AN OVERSIZED LOT. A TRULY PRIVATE SANCTUARY AS YOU ENTER THROUGH THE A GATED CENTRAL COURTYARD AND ENJOYED THE SUN DRENCHED SOUTH FACING PATIO. AS YOU ENTER THERE IS A SEPARATE GUEST HOUSE. TWO INVITING FIREPLACES WELCOMES YOU TO THIS HOME THROUGH FOUR SETS OF FRENCH DOORS. THE GOURMET KITCHEN BOAST A LARGE ISLAND, TOP OF THE LINE APPLIANCES AND A WALK-IN PANTRY. THE FAMILY ROOM'S WALL OF GLASS PLUS TWO FRENCH DOOR LEADS TO A CHARMING STRADA PATIO. A WINE CELLAR AND POWDER ROOM COMPLETES THE FIRST LEVEL. UP THE STAIRS TWO SECONDARY BEDROOMS AND AN AMAZING MASTER BEDROOM SUITE FEATURING HIGH CEILINGS, TWO LARGE WALK-IN CLOSETS AND AN INCREDIBLE HIS AND HERS MASTER BATH. IDEALLY LOCATED STEPS TO LIDO ISLAND CLUB AND YACHT CLUB, BEACH, TENNIS COURTS AND CHILDREN'S PLAYGROUNDS. JUST A SHORT DRIVE IS THE NEWLY RENOVATED LIDO MARINA VILLAGE, RESTAURANTS AND ENTERTAINMENT.

Last Agent to Rent the Property

Olga Matthews

Pacific Sotheby's Int'l Realty License #00483564 Listed on: 11/22/2019

Pacific Sotheby's Int'l Realty

Last Renter's Agent

Olga Matthews

Pacific Sotheby's Int'l Realty License #00483564 Listed on: 11/22/2019

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,236

Year Built

  • Built in 2002

Lot Details

  • 4,224

HOA Fees

  • $122 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 3,490 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • High Ceiling
  • Wine Cellar
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Dining Room with Fireplace
  • Home Office

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Location

  • Property is near a clubhouse
  • Property is near a park

Additional Features

  • Enclosed Patio or Porch
  • 4,224 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $15,000
  • Rent includes gardener
  • 24-Month Minimum Lease Term
  • Available 11/1/19
  • Tax Lot 370
  • Tax Tract Number 907
  • Assessor Parcel Number 42327606

Community Details

Overview

  • Lido Isle Community Association

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,236

Year Built

Built in 2002

Lot Details

0

HOA Fees

$122 per month

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2019-11-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 9
  • Deposit Pets: 1000
  • Deposit Security: 15000
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: No
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 42327606
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3490.00 Square Feet
  • Interior Amenities: Granite Counters, High Ceilings, Open Floorplan, Pantry
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Dining Room, Family Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.30
  • Room Type: Family Room, Great Room, Main Floor Bedroom, Master Bathroom, Master Suite, Office, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Granite Counters
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Enclosed, Patio Open
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Tennis Court(s), Clubhouse
  • Association Fee: 1462.00
  • Association Fee Frequency: Annually
  • Association Name: LIDO ISLE COMMUNITY ASSOCIATION
  • Senior Community: No
  • Community Features: Park, Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Close to Clubhouse, Park Nearby
  • Lot Size Sq Ft: 4224.00
  • Lot Size Acres: 0.0970

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 24 Months
  • Lot Size Area: 4224.0000 Square Feet
  • Management Co: LIDO ISLE COMMUNITY ASSOCIATIO
  • Management Co Phone: 949-673-6170
  • Number Of Units Total: 1
  • Rent Includes: Gardener

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 370
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2020
Sold by
Schultheis Paul F and Schultheis Linda L
Bought by
Schultheis Paul F and Schultheis Linda L
Current Estimated Value
$6,353,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,812,376
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$4,541,480

Purchase Details

Listed on
Nov 13, 2017
Closed on
Apr 19, 2018
Sold by
Denk Gregory P and Denk Ann K
Bought by
Schultheis Paul F and Schultheis Linda L
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Olga Matthews
Pacific Sotheby's Int'l Realty
List Price
$3,995,000
Sold Price
$3,650,000
Premium/Discount to List
-$345,000
-8.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$2,000,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 16, 2012
Sold by
Denk Gregory P and Denk Ann K
Bought by
Denk Gregory P and Denk Ann K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2010
Sold by
Denk Gregory P and Denk Ann K
Bought by
Denk Gregory P and Denk Ann K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,600
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2010
Sold by
Choate Bruce Allen and Choate Katherine
Bought by
Denk Gregory P and Denk Ann K

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
4.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 14, 2005
Sold by
Choate Bruce Allen and Choate Katherine Olive
Bought by
Choate Bruce Allen and Choate Katherine Olive

Purchase Details

Closed on
Nov 20, 2000
Sold by
Patscheck Grover Jean E
Bought by
Choate Bruce A and Choate Katherine O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
9.62%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 29, 1993
Sold by
Niven John R and Niven Yvonne
Bought by
Patscheck Grover Jean E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.88%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Schultheis Paul F -- North American Title Company
Schultheis Paul F $3,650,000 California Title Co
Denk Gregory P -- Ticor Title Insurance
Denk Gregory P -- Ticor Title Insurance
Denk Gregory P -- Equity Title Orange County-I
Denk Gregory P -- Equity Title Orange County-I
Denk Gregory P $2,900,000 Ticor Title Tustin Orange Co
Choate Bruce Allen -- --
Choate Bruce Allen -- --
Choate Bruce A $1,299,000 Southland Title Corporation
Patscheck Grover Jean E $800,000 Orange Coast Title Co
Patscheck Grover Jean E -- Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schultheis Paul F $2,000,000
Previous Owner Schultheis Paul F $2,000,000
Previous Owner Denk Gregory P $625,500
Previous Owner Denk Gregory P $725,600
Previous Owner Denk Gregory P $729,750
Previous Owner Choate Bruce A $725,000
Previous Owner Patscheck Grover Jean E $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2020 01/07/20 Rented $11,500 -9.8% --
11/22/2019 11/22/19 For Rent $12,750 +16.4% --
11/16/2018 11/16/18 Rented $10,950 -14.1% --
11/08/2018 11/08/18 Price Changed $12,750 -1.5% $4 / Sq Ft
10/03/2018 10/03/18 Price Changed $12,950 -5.8% $4 / Sq Ft
06/15/2018 06/15/18 For Rent $13,750 0.0% --
06/11/2018 06/11/18 Sold $3,650,000 -3.8% $1,046 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
03/26/2018 03/26/18 Price Changed $3,795,000 -5.0% $1,087 / Sq Ft
11/13/2017 11/13/17 For Sale $3,995,000 -- $1,145 / 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 $43,236 $4,153,075 $3,343,461 $809,614
2024 $43,236 $4,071,643 $3,277,903 $793,740
2023 $42,226 $3,991,807 $3,213,630 $778,177
2022 $41,530 $3,913,537 $3,150,618 $762,919
2021 $40,732 $3,836,801 $3,088,841 $747,960
2020 $40,342 $3,797,460 $3,057,169 $740,291
2019 $39,501 $3,723,000 $2,997,224 $725,776
2018 $34,928 $3,289,940 $2,584,645 $705,295
2017 $34,310 $3,225,432 $2,533,966 $691,466
2016 $33,536 $3,162,189 $2,484,281 $677,908
2015 $33,222 $3,114,690 $2,446,964 $667,726
2014 $32,439 $3,053,678 $2,399,031 $654,647
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19246314

California Regional Multiple Listing Service (CRMLS)

APN: 423-276-06