NOT LISTED FOR SALE

116 Via Koron Newport Beach, CA 92663

Lido Isle Neighborhood

Estimated Value: $5,582,000 - $6,042,000

5 Beds
4 Baths
3,405 Sq Ft
$1,709/Sq Ft Est. Value

Last Sold February 25, 2014

Last sale price $3,175,000 $932 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $33,476/month

128 Days on Market

Highlights

  • Clubhouse
  • Tennis Courts
  • 2 Car Attached Garage
  • Newport Elementary School Rated A
  • Den
  • 2-minute walk to Newport Beach Playground

About This Home

As of February 2014

Buy to tear down or remodel on this 75 X 88"' lot! This lot comes with architectural plans for 2 Cape Cod style homes designed by local architect, Cynthia Childs. Each home is approximately 3300 sf and will have 4 bedrooms, 3 bathrooms, a 2 car garage and a roof top deck. This expansive home is built on one of the largest interior street to street lots on the island and is approximately two and a half lots. Existing home is being sold 'As-Is'. Lot split has been applied for with the city and is in process. Architectural plans have been submitted with the city of Newport Beach. Architectural plans have been submitted with the HOA and in the process of approval. These structural plans also come with a completed Geotechnical Investigation. This is a great opportunity for a developer/investor to build and sell both homes or for a builder/owner to build both homes, live in one and sell the other. Or just remodel existing home to your taste! Lido Isle includes a yacht club, boat docks, boat storage, grass parks and children's playgrounds, plus three tennis courts and beautiful sandy beaches.

Last Agent to Sell the Property

Jeff Pittman

Redfin License #01055333 Listed on: 07/26/2013

Redfin

Last Buyer's Agent

Jeff Pittman

Redfin License #01055333 Listed on: 07/26/2013

Redfin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,703

Year Built

  • Built in 1950

Lot Details

  • 6,600 Sq Ft Lot
  • Tear Down

HOA Fees

  • $105 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 3,405 Sq Ft Home
  • 2-Story Property
  • Fireplace With Gas Starter
  • Living Room
  • Dining Room
  • Den

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 648
  • Tax Tract Number 907
  • Assessor Parcel Number 42320104

Community Details

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,703

Year Built

Built in 1950

Lot Details

0

HOA Fees

$105 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42320104
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3405.00
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 5
  • Eating Area: Dining Room
  • Fireplace Features: Gas Starter
  • Levels: Two
  • Price Per Square Foot: 932.45
  • Room Type: Den, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Clubhouse, Sport Court, Tennis Court(s)
  • Association Fee: 1261.00
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Tear Down
  • Lot Size Sq Ft: 6600.00
  • Lot Size Acres: 0.1520

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6600.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 648
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2013
Closed on
Jan 27, 2014
Sold by
Jad Capital Partners Llc
Bought by
Susan Hyman Family Trust
Seller's Agent
Jeff Pittman
Redfin
Buyer's Agent
Jeff Pittman
Redfin
List Price
$3,300,000
Sold Price
$3,175,000
Premium/Discount to List
-$125,000
-3.79%
Current Estimated Value
$5,901,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,726,522
Avg. Annual Appreciation
5.09%

Purchase Details

Listed on
Nov 24, 2012
Closed on
Dec 20, 2012
Sold by
Scholz Dennis Louise P
Bought by
Jad Capital Partners Llc
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Jeff Pittman
Redfin
List Price
$3,195,000
Sold Price
$2,625,000
Premium/Discount to List
-$570,000
-17.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.99%

Purchase Details

Closed on
Nov 22, 2004
Sold by
Scholz Dennis Louise P
Bought by
Scholz Dennis Louise P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2003
Sold by
Scholz Dennis Louise P
Bought by
Scholz Dennis Louise P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 1999
Sold by
Scholz Dennis Louise P
Bought by
Scholz Dennis Louise P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.45%
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
Susan Hyman Family Trust $3,175,000 California Title Company
Jad Capital Partners Llc $2,625,000 None Available
Scholz Dennis Louise P -- Ticor Title Co Fullerton
Scholz Dennis Louise P -- --
Scholz Dennis Louise P -- United Title Company
Scholz Dennis Louise P -- First American Title Ins Co
Scholz Dennis Louise P -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scholz Dennis Louise P $1,300,000
Previous Owner Scholz Dennis Louise P $800,000
Previous Owner Scholz Dennis Louise P $690,000
Previous Owner Scholz Dennis Louise P $250,000
Previous Owner Scholz Dennis Louise P $690,000
Previous Owner Scholz Dennis Louise P $650,000
Previous Owner Scholz Dennis Louise P $100,000
Previous Owner Scholz Dennis Louise P $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2014 02/25/14 Sold $3,175,000 -3.8% $932 / Sq Ft
12/01/2013 12/01/13 Pending -- -- --
07/26/2013 07/26/13 For Sale $3,300,000 +25.7% $969 / Sq Ft
12/31/2012 12/31/12 Sold $2,625,000 -17.8% $771 / Sq Ft
11/24/2012 11/24/12 For Sale $3,195,000 -- $938 / 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 $12,703 $1,200,449 $304,681 $895,768
2024 $12,703 $1,176,911 $298,707 $878,204
2023 $12,402 $1,153,835 $292,850 $860,985
2022 $12,193 $1,131,211 $287,108 $844,103
2021 $11,959 $1,109,031 $281,479 $827,552
2020 $11,843 $1,097,660 $278,593 $819,067
2019 $11,600 $1,076,138 $273,131 $803,007
2018 $11,369 $1,055,038 $267,776 $787,262
2017 $11,167 $1,034,351 $262,525 $771,826
2016 $10,917 $1,014,070 $257,377 $756,693
2015 $39,773 $3,735,243 $3,043,566 $691,677
2014 $28,057 $2,636,917 $2,453,991 $182,926
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jeff Pittman

    Redfin

    Section Image
  • Alison Mccormick

    Seller's Agent in 2012

    Alison Mccormick

    Arbor Real Estate

    (949) 355-4104

    29 in this area

    49 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13148225

California Regional Multiple Listing Service (CRMLS)

APN: 423-201-04

California Orange County Newport Beach 92663 Lido Isle

116 Via Koron, Newport Beach, CA

This home is located at 116 Via Koron, Newport Beach, CA 92663 since 26 July 2013 and is currently estimated at $5,818,818, approximately $1,708 per square foot. This property was built in 1950. 116 Via Koron 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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