NOT LISTED FOR SALE

Estimated Value: $4,255,000 - $5,360,000

4 Beds
3 Baths
2,800 Sq Ft
$1,718/Sq Ft Est. Value

Last Sold December 28, 2012

Last sale price $1,800,000 $643 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $29,686/month

59 Days on Market

Highlights

  • Beach Access
  • Clubhouse
  • Main Floor Bedroom
  • Newport Elementary School Rated A
  • Contemporary Architecture
  • 2-minute walk to Degrassi Park

About This Home

As of December 2012

Livable older home on a 50 foot lot in a trophy location, five houses down from the Lido Clubhouse and beach. Enjoy Lido casually in the existing home or build to maximize your value. The lot is 4400 square feet(50x88), allowing a structure of over 4000 square feet. Allowed building is 1.5 times buildable footprint. Lido is Newport's friendliest neighborhood, with access to the bayfront clubhouse, three tennis courts, Yacht Club, Tennis Club, bayfront beaches, and walking distance to market, restaurants, the classic Lido Theatre, and ocean beaches.

Last Agent to Sell the Property

Steve Sutherlen

Villa Real Estate License #00416316 Listed on: 10/22/2012

Co-Listed By

Kathleen Ellis

Coldwell Banker Realty License #01243006

Last Buyer's Agent

Dixie Cole

Newport Crest Realty License #00609155

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,239

Year Built

  • Built in 1947

Lot Details

  • 4,400 Sq Ft Lot
  • Lot Dimensions are 50x88
  • Property is zoned R1

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Home Design

  • Contemporary Architecture
  • Spanish Tile Roof
  • Tar and Gravel Roof
  • Clay Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,800 Sq Ft Home
  • Fireplace With Gas Starter
  • Courtyard Views

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Accessible Home Design

  • Entry Slope Less Than 1 Foot

Outdoor Features

  • Beach Access
  • Enclosed patio or porch

Utilities

  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 246
  • Tax Tract Number 907
  • Assessor Parcel Number 42325108

Community Details

Overview

  • Property has a Home Owners Association
  • Association Phone (949) 673-6170

Amenities

  • Clubhouse

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,239

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-351-3472
  • Property Attached: No
  • Subdivision Name Other: Lido Island
  • View: Yes
  • Zoning: R1
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42325108
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2800.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Accessibility Features: Entry Slope Less Than 1 Foot
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Starter
  • Levels: Two
  • Price Per Square Foot: 642.86
  • Room Type: Main Floor Bedroom

Exterior Features

  • Patio: Yes
  • View: Courtyard
  • Fence: No
  • Patio And Porch Features: Enclosed
  • Pool Private: No
  • Roof: Clay, Spanish Tile, Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Tennis Court(s)
  • Association Fee: 103.00
  • Phone: 949-673-6170
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size: 50X88
  • Lot Size Sq Ft: 4400.00
  • Lot Size Acres: 0.1010

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4400.0000 Square Feet
  • Waterfront Features: Beach Access

Tax Info

  • Tax Lot: 246
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2012
Closed on
Dec 21, 2012
Sold by
Shockley David and Shockley Donna L
Bought by
Abrahamian Edward C and Abrahamian Sandra E
Seller's Agent
Steve Sutherlen
Villa Real Estate
Buyer's Agent
Dixie Cole
Newport Crest Realty
List Price
$1,975,000
Sold Price
$1,800,000
Premium/Discount to List
-$175,000
-8.86%
Total Days on Market
59
Current Estimated Value
$4,809,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,009,726
Avg. Annual Appreciation
8.21%

Purchase Details

Closed on
Apr 29, 2002
Sold by
Stabler William L
Bought by
Shockley David and Shockley Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
5.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 10, 1998
Sold by
Stabler William L and Stabler Barbara G
Bought by
Stabler William L and The Stabler Family Trust

Purchase Details

Closed on
Jun 20, 1995
Sold by
Stabler Barbara G
Bought by
Stabler William L
Source: Public Records

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Range of Values:

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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
Abrahamian Edward C $1,800,000 Equity Title Company
Shockley David $525,000 First American Title Co
Stabler William L -- --
Stabler William L -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abrahamian Edward C $1,000,000
Closed Abrahamian Edward C $1,000,000
Closed Abrahamian Edward C $1,000,000
Previous Owner Shockley David $950,000
Previous Owner Stabler William L $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2012 12/28/12 Sold $1,800,000 -8.9% $643 / Sq Ft
12/20/2012 12/20/12 Pending -- -- --
10/22/2012 10/22/12 For Sale $1,975,000 -- $705 / 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
2024 $32,239 $3,026,507 $2,065,757 $960,750
2023 $31,485 $2,967,164 $2,025,252 $941,912
2022 $30,964 $2,908,985 $1,985,541 $923,444
2021 $30,370 $2,851,947 $1,946,609 $905,338
2020 $30,079 $2,822,704 $1,926,649 $896,055
2019 $29,454 $2,767,357 $1,888,871 $878,486
2018 $28,866 $2,713,096 $1,851,835 $861,261
2017 $28,355 $2,659,899 $1,815,525 $844,374
2016 $27,717 $2,607,745 $1,779,927 $827,818
2015 $23,845 $2,226,442 $1,753,191 $473,251
2014 $19,344 $1,808,172 $1,718,849 $89,323
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12004091

California Regional Multiple Listing Service (CRMLS)

APN: 423-251-08