$1,950,000
SOLD JUL 31, 2017
3 Beds
2 Baths
1,283 Sq Ft
3,520 Sq Ft Lot

Recently Sold

$1,520 Per Sq Ft

7% Above List Price

47 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • 4-minute walk to Degrassi Park
  • Newport Elementary School Rated A
  • Back Yard

About This Home

As of April 2022

What a Buy on Lido Island ! Quiet Central location. So much potential, your client can add a second story or scrape it and build a custom home. Lowest price on the Island. This home sits on a 3,520 square foot lot and features a beautiful courtyard, 3 bedrooms, 2 bathrooms. Fireplace in living room.

Last Agent to Sell the Property

Dale Cheema

Keller Williams Realty Irvine License #00893619 Listed on: 04/26/2017

Keller Williams Realty Irvine

Last Buyer's Agent

Kevin Smith

Surterre Properties Inc. License #01417297

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,350

Year Built

  • Built in 1953

Lot Details

  • 3,520 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,283 Sq Ft Home
  • Living Room with Fireplace
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Location

  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 605
  • Tax Tract Number 907
  • Assessor Parcel Number 42322507

Home Details

Home Type

Single Family

Est. Annual Taxes

$66,350

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42322507
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1283.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1519.88
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 3520.00

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: 605
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
Apr 5, 2022
Sold by
Joseph Cefalia Jr 2012 Irrevocable Trust
Bought by
Last Dollar Enterprises Llc
Seller's Agent
Kevin Smith
Surterre Properties Inc.
Buyer's Agent
Brandon Hobbs
Arbor Real Estate
List Price
$6,250,000
Sold Price
$6,025,000
Premium/Discount to List
-$225,000
-3.6%
Current Estimated Value
$7,037,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,012,758
Avg. Annual Appreciation
4.66%

Purchase Details

Closed on
Jul 3, 2019
Sold by
Cefalia Joseph
Bought by
Cefalia Joseph and Joseph Cefalia Jr 2012 Irrevocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,000
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 29, 2018
Sold by
Cefalia Joseph
Bought by
Cefalia Joseph and The Joseph Cefalia Jr Family Trust

Purchase Details

Listed on
Apr 26, 2017
Closed on
Jun 16, 2017
Sold by
Doti James L
Bought by
Cefalia Joseph and Joseph Cefalia Jr 2012 Irrevocable Trust
Seller's Agent
Dale Cheema
Keller Williams Realty Irvine
Buyer's Agent
Kevin Smith
Surterre Properties Inc.
List Price
$1,819,000
Sold Price
$1,950,000
Premium/Discount to List
$131,000
7.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.12%
Original Mortgage
$10,000,000
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 8, 2003
Sold by
Williams Fritzie
Bought by
Williams Fritzie and The Fritzie Williams Revocable Trust

Purchase Details

Closed on
Dec 20, 2000
Sold by
Williams Fritzie
Bought by
Williams Fritzie and The Fritzie Williams Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.13%
Mortgage Type
Credit Line Revolving
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 Type Sale Price Title Company
Grant Deed $6,025,000 Wfg National Title
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- None Available
Grant Deed $1,950,000 First American Title Company
Interfamily Deed Transfer -- American Title Co
Interfamily Deed Transfer -- American Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,720,000 Construction
Previous Owner $10,000,000 Commercial
Previous Owner $184,300 New Conventional
Previous Owner $300,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2022 04/16/22 Sold $6,025,000 -3.6% $1,863 / Sq Ft
03/23/2022 03/23/22 For Sale $6,250,000 +3.7% $1,933 / Sq Ft
03/03/2022 03/03/22 Off Market $6,025,000 -- --
03/03/2022 03/03/22 For Sale $6,250,000 +3.7% $1,933 / Sq Ft
03/02/2022 03/02/22 Off Market $6,025,000 -- --
03/02/2022 03/02/22 For Sale $6,250,000 +3.7% $1,933 / Sq Ft
03/01/2022 03/01/22 Off Market $6,025,000 -- --
07/31/2017 07/31/17 Sold $1,950,000 -2.5% $1,520 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
05/24/2017 05/24/17 Price Changed $1,999,999 +0.5% $1,559 / Sq Ft
05/04/2017 05/04/17 Price Changed $1,990,000 +9.4% $1,551 / Sq Ft
04/26/2017 04/26/17 For Sale $1,819,000 -- $1,418 / 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 $66,350 $6,393,778 $5,374,337 $1,019,441
2024 $66,350 $6,268,410 $5,268,958 $999,452
2023 $64,803 $6,145,500 $5,165,645 $979,855
2022 $30,541 $2,868,765 $1,989,480 $879,285
2021 $21,808 $2,038,121 $1,950,471 $87,650
2020 $21,608 $2,018,122 $1,930,472 $87,650
2019 $21,271 $1,989,000 $1,892,620 $96,380
2018 $20,847 $1,950,000 $1,855,509 $94,491
2017 $19,260 $1,796,000 $1,698,762 $97,238
2016 $1,811 $139,421 $93,448 $45,973
2015 $1,791 $137,327 $92,044 $45,283
2014 $1,750 $134,637 $90,241 $44,396
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17089318

California Regional Multiple Listing Service (CRMLS)

APN: 423-225-07