NOT LISTED FOR SALE

Estimated Value: $5,800,172 - $7,212,000

3 Beds
2 Baths
3,148 Sq Ft
$2,125/Sq Ft Est. Value

Last Sold August 17, 2018

Last sale price $3,650,000 $1,159 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $39,119/month

32 Days on Market

Highlights

  • Boat Dock
  • Open Floorplan
  • Property is near a clubhouse
  • Newport Elementary School Rated A
  • Clubhouse
  • 4-minute walk to Genoa Park

About This Home

As of August 2018

Sited on a 55' wide parcel and presenting a striking spectrum of luxury living on Lido Isle, a glass-arched entry welcomes with dramatic 15' ceilings. Once inside the tranquil environ, the living area, which is adjacent to the kitchen and framed by a strada patio, is complemented by 20’ ceilings, limestone fireplace, French doors and 60” wall-recessed HDTV with electric art cover. Anchoring the kitchen, fitted with the finest amenities for cooking and entertaining, is an oven hood that is modestly posed a custom created martini glass. The kitchen is suited for formal and informal dining and accented with limestone and Caesarstone countertops and cabinets custom-carved, etched glass. Quiet and serene, the residence is double-framed with inset windows, creating architectural distinction and sound benefits. A courtyard is squarely positioned between the kitchen and office (optional 3rd bedroom), affording a view of a spa surrounded by Italian cobble flooring and South Pacific palms. French doors open to a balcony off the master, with gas fireplace, allowing ocean breezes in. The master bath models a lavish spa with slab wainscoting, limestone floors, shower and backsplash, natural lighting and hidden-mirror tv. The elevator-ready home has a first-level bedroom, perfect for guests. Additional highlights of this meticulous property include: interior laundry 7’ oak flooring throughout, slate roof, Lutron lighting, dual A/C, water-softener, 3-car garage, garage sink and work area.

Last Agent to Sell the Property

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048 Listed on: 06/01/2018

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Curt Herberts

Curt A. Herberts, II - Broker License #00521135

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,396

Year Built

  • Built in 2003

Lot Details

  • 4,840 Sq Ft Lot
  • Level Lot
  • Sprinkler System
  • Density is up to 1 Unit/Acre

HOA Fees

  • $113 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Turnkey
  • Slab Foundation

Interior Spaces

  • 3,148 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Cathedral Ceiling
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Home Office
  • Courtyard Views

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Convection Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Utilities

  • Zoned Cooling
  • Natural Gas Connected
  • Water Purifier
  • Water Softener
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near a clubhouse

Listing and Financial Details

  • Tax Lot 707
  • Tax Tract Number 907
  • Assessor Parcel Number 42320304

Community Details

Overview

  • Lido Isle Homeowners Assoc. Association, Phone Number (949) 673-6170

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,396

Year Built

Built in 2003

Lot Details

0

HOA Fees

$113 per month

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42320304
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3148.00 Square Feet
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), High Ceilings, Open Floorplan, Stone Counters, Wired for Sound
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, In Family Room
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1159.47
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Office, Walk-In Closet
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Foundation: Slab
  • View: Courtyard
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Gas Cooktop, Microwave, Range Hood, Water Purifier, Water Softener
  • Laundry Features: Individual Room, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Dual, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Picnic Area, Playground, Dock, Tennis Court(s), Clubhouse
  • Association Fee: 1350.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Homeowners Assoc.
  • 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: 0-1 Unit/Acre, Close to Clubhouse, Level, Sprinkler System
  • Lot Size Sq Ft: 4840.00

Multi Family

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

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 707
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2010
Sold by
Formuzis Peter A and Klein Formuzis Linda
Bought by
Formuzis Peter A and Formuzis Linda K
Current Estimated Value
$6,690,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2003
Sold by
Formuzis Peter A and Formuzis Linda K
Bought by
Formuzis Peter A and Formuzis Linda K

Purchase Details

Closed on
Oct 26, 2002
Sold by
Formuzis Peter A and Formuzis Linda K
Bought by
Formuzis Peter A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,000
Interest Rate
5.95%

Purchase Details

Closed on
Jun 20, 2002
Sold by
Formuzis Peter and Formuzis Linda Klein
Bought by
Formuzis Peter A and Formuzis Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.83%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 18, 2002
Sold by
Dymek Martin J and Dymek Kristin L
Bought by
Formuzis Peter and Formuzis Linda Klein

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.83%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 18, 2001
Sold by
Dymek Martin J and Dymek Kristin L
Bought by
Dymek Martin J and Dymek Kristin L

Purchase Details

Closed on
Oct 5, 1998
Sold by
Orme Antony M and Orme Sherry
Bought by
Dymek Martin J and Dymek Kristin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$694,200
Interest Rate
4.75%

Purchase Details

Closed on
Jun 25, 1998
Sold by
Detsch Bruce W and Detsch Mary E
Bought by
Orme Anthony M and Orme Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
6.62%
Source: Public Records

Range of Values:

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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
Formuzis Peter A -- First American Title Company
Formuzis Peter A -- First American Title Company
Formuzis Peter A -- --
Formuzis Peter A -- --
Formuzis Peter A -- --
Formuzis Peter $1,200,000 Chicago Title Co
Dymek Martin J -- --
Dymek Martin J $868,000 Fidelity National Title Ins
Orme Anthony M $850,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Formuzis Peter A $626,500
Closed Formuzis Peter A $643,000
Previous Owner Formuzis Peter $650,000
Previous Owner Dymek Martin J $694,200
Previous Owner Orme Anthony M $680,000
Closed Formuzis Peter A $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Sold $3,650,000 -6.3% $1,159 / Sq Ft
07/03/2018 07/03/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $3,895,000 -- $1,237 / 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 $42,396 $4,071,643 $2,932,590 $1,139,053
2024 $42,396 $3,991,807 $2,875,088 $1,116,719
2023 $41,406 $3,913,537 $2,818,714 $1,094,823
2022 $40,723 $3,836,801 $2,763,445 $1,073,356
2021 $39,941 $3,761,570 $2,709,260 $1,052,310
2020 $39,558 $3,723,000 $2,681,480 $1,041,520
2019 $38,733 $3,650,000 $2,628,901 $1,021,099
2018 $24,030 $2,252,889 $1,447,460 $805,429
2017 $23,605 $2,208,715 $1,419,078 $789,637
2016 $23,074 $2,165,407 $1,391,253 $774,154
2015 $22,858 $2,132,881 $1,370,355 $762,526
2014 $22,319 $2,091,101 $1,343,511 $747,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18126587

California Regional Multiple Listing Service (CRMLS)

APN: 423-203-04