$3,650,000
SOLD JUN 11, 2018
4 Beds
3.5 Baths
3,490 Sq Ft
4,224 Sq Ft Lot

Recently Sold

$1,046 Per Sq Ft

9% Below List Price

149 Days on Market

Highlights

  • Boat Dock
  • Primary Bedroom Suite
  • Maid or Guest Quarters
  • Newport Elementary School Rated A
  • Clubhouse
  • 4-minute walk to Degrassi Park

About This Home

As of June 2018

Classic beautiful mediterranean style home designed and built by famed architect builder Renato Trotta. Enter through a gated courtyard and enjoy the ambiance of a spacious south facing patio. Separate guest casita with it's own bath. Large home entry where you are greeted by a cozy fireplace. Fantastic kitchen with an island, top of the line appliances plus a walk in pantry. Family room with fireplace and walls of glass plus french doors that lead you to a charming strada patio. Wine cellar and powder room complete the 1st floor. Upstairs two secondary bedrooms plus an incredible master suite featuring high ceilings, two walk in closets and an incredible master bath.

Last Agent to Sell the Property

Alison Mccormick

Arbor Real Estate License #00607959 Listed on: 11/13/2017

Arbor Real Estate

Last Buyer's Agent

Olga Matthews

Pacific Sotheby's Int'l Realty License #00483564

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,236

Year Built

  • Built in 1949

Lot Details

  • 4,224 Sq Ft Lot
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $117 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Spanish Tile Roof
  • Plaster

Interior Spaces

  • 3,490 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Home Office
  • Laundry Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Freezer
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Maid or Guest Quarters
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Open Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 370
  • Tax Tract Number 907
  • Assessor Parcel Number 42327606

Community Details

Overview

  • Lido Isle Community Association, Phone Number (949) 673-6170

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Banquet Facilities

Recreation

  • Boat Dock
  • Pier or Dock
  • Sport Court
  • Community Playground

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,236

Year Built

Built in 1949

Lot Details

0

HOA Fees

$117 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
  • Subdivision Name Other: Lido Island (LIDO)
  • View: No
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42327606
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3490.00 Square Feet
  • Interior Amenities: Stone Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, In Living Room
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1045.85
  • Room Type: Family Room, Guest/Maid's Quarters, Kitchen, Laundry, Main Floor Bedroom, Master Suite, Office
  • Bathroom Features: Bathtub, Double Sinks In Master Bath
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Plaster

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Freezer, Refrigerator
  • 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: Yes
  • Amenities: Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Dock, Pier, Sport Court, Clubhouse, Banquet Facilities, Dues Paid Annually, Management
  • Association Fee: 1400.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Community Association
  • Phone: 949-673-6170
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level, Sprinkler System
  • Lot Size Sq Ft: 4224.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

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
$6,313,861

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
$1,805,168
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$4,508,693

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
7.79%
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
$729,750
Interest Rate
4.91%
Mortgage Type
New Conventional

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
$725,000
Interest Rate
7.5%

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
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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 Type Sale Price Title Company
Interfamily Deed Transfer -- North American Title Company
Grant Deed $3,650,000 California Title Co
Interfamily Deed Transfer -- Ticor Title Insurance
Interfamily Deed Transfer -- Ticor Title Insurance
Interfamily Deed Transfer -- Equity Title Orange County-I
Interfamily Deed Transfer -- Equity Title Orange County-I
Grant Deed $2,900,000 Ticor Title Tustin Orange Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Grant Deed $1,299,000 Southland Title Corporation
Grant Deed $800,000 Orange Coast Title Co
Quit Claim Deed -- Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 New Conventional
Previous Owner $2,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $625,500 New Conventional
Previous Owner $725,600 New Conventional
Previous Owner $729,750 New Conventional
Previous Owner $725,000 No Value Available
Previous Owner $560,000 No Value Available
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: NP17256974

California Regional Multiple Listing Service (CRMLS)

APN: 423-276-06