$2,000,000
SOLD NOV 20, 2017
2 Beds
2 Baths
1,270 Sq Ft
3,212 Sq Ft Lot

Recently Sold

$1,575 Per Sq Ft

4% Below List Price

52 Days on Market

Highlights

  • Boat Dock
  • Heated Spa
  • Clubhouse
  • Newport Elementary School Rated A
  • Ocean Side of Highway 1
  • 1-minute walk to Lido Park

About This Home

As of November 2019

An original Lido Isle beach cottage with loads of charm & updates. A single story, 2 bdrm/2 bath home. Bedrooms are split, the kitchen is open to a great room, and storage galore. A fun place to live and "Cute as can be." Eventually, however, this home will probably make way for a builder or homeowner to construct a larger and more modern home. In the meantime, it gives someone the opportunity to live here for an indefinite period of time, while designing their dream home. An EXCELLENT location- one of the VERY BEST interior lots on Lido: 1) On a double strada, with an oversized patio on the sunny side. The double strada means this lot is not "sandwiched" between two homes. 2) At the west end of Lido, so quick to walk, bike, and drive on & off the island. 3) On a one way, curved street giving it extra curb appeal. 4) Very quiet- about halfway between Soud and Nord. 5) Strada Cordova leads to a beautiful bayfront walk. 6) The beach is only about 3/4 miles away. A grocery store, the Lido Village shopping area, multiple restaurants, and the Lido Theatre are even closer. 7) Property was surveyed in June, 2017 (A copy is included in this listing.) The survey shows a lot area of 3,212 sq ft, and a setback area of 2,316 sq ft. This means that a home of over 3,000 livable sq ft, plus a 400 sq ft, 2 car garage should be able to be built on this lot. This is a wonderful opportunity for the person looking to live on Lido Isle in a home that they were able to design from start to finish.

Last Agent to Sell the Property

Dan Murphy

Daniel D. Murphy, Broker License #01453560 Listed on: 06/24/2017

Last Buyer's Agent

Dian Markstrom

Desert Estates Development License #00581089

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,162

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 3,212 Sq Ft Lot
  • Block Wall Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Irregular Lot
  • Sprinklers on Timer
  • Value in Land

HOA Fees

  • $84 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Single Garage Door
  • Garage Door Opener

Home Design

  • Cottage
  • Bungalow
  • Slab Foundation
  • Frame Construction
  • Tile Roof
  • Clay Roof
  • Stucco
  • Straw

Interior Spaces

  • 1,270 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Wainscoting
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Pull Down Stairs to Attic

Kitchen

  • Galley Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Gas Cooktop
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Pots and Pans Drawers

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Pool

  • Heated Spa
  • In Ground Spa
  • Above Ground Spa
  • No Permits For Spa

Outdoor Features

  • Ocean Side of Highway 1
  • Brick Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Suburban Location

Schools

  • Newport Harbor High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1052
  • Tax Tract Number 907
  • Assessor Parcel Number 42314307

Community Details

Overview

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

Amenities

  • Clubhouse
  • Meeting Room

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,162

Year Built

Built in 1952 | Remodeled

Lot Details

0

HOA Fees

$84 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: A fantastic location.
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Lido Island (LIDO)
  • View: No
  • Architectural Style: Bungalow, Cottage
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42314307
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1270.00 Square Feet
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Granite Counters, Pull Down Stairs to Attic, Unfurnished, Wainscoting
  • Stories: 1
  • Entry Location: Ground Level No Steps,Ground Level
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1574.80
  • Room Type: All Bedrooms Down, Attic, Galley Kitchen, Great Room, Main Floor Master Bedroom, Master Bedroom, Walk-In Closet
  • Spa Features: Above Ground, Heated, In Ground, No Permits, Private
  • Window Features: Blinds, Double Pane Windows
  • Bathroom Features: Shower
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Pots & Pan Drawers

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Brick, Patio
  • Pool Private: No
  • Roof: Clay, Tile
  • Spa: Yes
  • Construction Materials: Frame, Straw, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Underground Utilities
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Tankless Water Heater, Water Line to Refrigerator
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Playground, Dock, Tennis Court(s), Clubhouse, Meeting Room, Dues Paid Annually
  • Association Fee: 1006.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Community Association
  • Phone: 949-673-6170
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Schools

  • School District: Newport Mesa Unified
  • High School: Newport Harbor
  • High School: Newport Harbor
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Irregular Lot, Park Nearby, Paved, Rocks, Sprinkler System, Sprinklers Timer, Value In Land
  • Lot Size: Pie shaped
  • Lot Size Sq Ft: 3212.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 1052
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2020
Sold by
Churm Cinda S
Bought by
Churm Steven and Churm Cinda S
Total Days on Market
52
Current Estimated Value
$7,656,823

Purchase Details

Listed on
Jul 16, 2019
Closed on
Sep 30, 2019
Sold by
Newport Beach Partnership Llc
Bought by
Churm Steven and Churm Cinda S
Seller's Agent
Casey Lesher
Christie's International R.E. Southern California
Buyer's Agent
Casey Lesher
Christie's International R.E. Southern California
List Price
$4,695,000
Sold Price
$4,500,000
Premium/Discount to List
-$195,000
-4.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.99%
Original Mortgage
$3,650,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2017
Sold by
Murphy Daniel A and Murphy Kathleen M
Bought by
Newport Beach Partnership

Purchase Details

Closed on
Feb 25, 2005
Sold by
Frost Jack Gibson
Bought by
Murphy Daniel D and Murphy Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2001
Sold by
Frost Jack Gibson
Bought by
Frost Jack Gibson and Declaration Of Trust Of Jack Gibson Fros

Purchase Details

Closed on
Jul 9, 2001
Sold by
Frost Jack Gibson
Bought by
Frost Jack Gibson

Purchase Details

Closed on
Jan 21, 1997
Sold by
Frost Jack G
Bought by
Frost Jack Gibson and Trust Of Jack Gibson Frost

Purchase Details

Closed on
Nov 19, 1996
Sold by
Patterson Charlotte
Bought by
Frost Jack Gibson
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Listed On Document
Grant Deed $4,500,000 Ticor Title
Grant Deed $2,000,000 Ticor Title Co
Grant Deed $1,200,000 First American Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- --
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,300,000 Adjustable Rate Mortgage/ARM
Previous Owner $3,650,000 Commercial
Previous Owner $625,500 Adjustable Rate Mortgage/ARM
Previous Owner $840,000 Purchase Money Mortgage
Previous Owner $75,000 Credit Line Revolving
Closed $60,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2019 11/12/19 Sold $4,500,000 -4.2% $1,498 / Sq Ft
09/17/2019 09/17/19 Pending -- -- --
07/16/2019 07/16/19 For Sale $4,695,000 +134.8% $1,562 / Sq Ft
11/20/2017 11/20/17 Sold $2,000,000 -4.3% $1,575 / Sq Ft
08/15/2017 08/15/17 Pending -- -- --
08/07/2017 08/07/17 Price Changed $2,090,000 0.0% $1,646 / Sq Ft
08/07/2017 08/07/17 For Sale $2,090,000 +4.5% $1,646 / Sq Ft
08/02/2017 08/02/17 Off Market $2,000,000 -- --
07/05/2017 07/05/17 For Sale $2,170,000 +8.5% $1,709 / Sq Ft
07/03/2017 07/03/17 Off Market $2,000,000 -- --
06/24/2017 06/24/17 For Sale $2,170,000 -- $1,709 / 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 $51,162 $4,824,909 $3,937,577 $887,332
2023 $49,968 $4,730,303 $3,860,369 $869,934
2022 $49,145 $4,637,552 $3,784,675 $852,877
2021 $48,201 $4,546,620 $3,710,466 $836,154
2020 $47,738 $4,500,000 $3,672,419 $827,581
2019 $27,820 $2,611,978 $1,973,603 $638,375
2018 $21,373 $2,000,000 $1,934,905 $65,095
2017 $15,525 $1,441,251 $1,346,420 $94,831
2016 $15,177 $1,412,992 $1,320,020 $92,972
2015 $15,034 $1,391,768 $1,300,192 $91,576
2014 $14,680 $1,364,506 $1,274,723 $89,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17143848

California Regional Multiple Listing Service (CRMLS)

APN: 423-143-07