NOT LISTED FOR SALE

Estimated Value: $5,852,000 - $6,509,000

4 Beds
5.5 Baths
3,542 Sq Ft
$1,760/Sq Ft Est. Value

Last Sold August 01, 2016

Last sale price $3,035,000 $857 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $36,382/month

Highlights

  • Primary Bedroom Suite
  • Ocean Side of Highway 1
  • Updated Kitchen
  • Newport Elementary School Rated A
  • Custom Home
  • 1-minute walk to Genoa Park

About This Home

As of August 2022

GREAT OPPORTUNITY TO ENJOY THE LIDO LIFESTYLE IN ONE OF LIDO ISLAND'S MOST COVETED STREET. THIS CUSTOM BUILT HOME OFFERS FOUR BEDROOMS, FIVE BATHROOMS, ONE HALF BATHROOM, FORMAL LIVING ROOM, DINING ROOM, COZY FAMILY ROOM/DEN/LIBRARY, ELEVATOR, THREE FIREPLACES AND THREE CAR GARAGE. THE MASTER SUITE PROVIDES A WELL APPOINTED MASTER BATH, FIREPLACE, BALCONY AND WALK-IN CLOSET. THREE ADDITIONAL EN SUITE BEDROOMS. THIS HOME IS LIGHT AND BRIGHT WITH A FANTASTIC GOURMET KITCHEN AND A GREAT COURTYARD WITH FIRE PIT, FOUNTAIN AND PROFESSIONAL BBQ PROVIDING AN OUTSTANDING ENTERTAINMENT ENVIRONMENT. RESIDENTS ENJOY ALL THE AMENITIES LIDO ISLAND OFFERS INCLUDING TENNIS COURTS, GRASSY PARKS, CLUBHOUSE, YACHT CLUB, CHILDREN PLAYGROUNDS, AND PRIVATE BEACHES. A SHORT DISTANCE AWAY THE LIDO MARINA VILLAGE WITH WORLD-CLASS DINING AND SHOPPING.

Last Agent to Rent the Property

Olga Matthews

Pacific Sotheby's Int'l Realty License #00483564 Listed on: 08/01/2022

Pacific Sotheby's Int'l Realty

Last Renter's Agent

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,658

Year Built

  • Built in 2000

Lot Details

  • 3,480

HOA Fees

  • $109 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors

Home Design

  • Custom Home
  • Turnkey
  • Slate Roof

Interior Spaces

  • 3,542 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Den with Fireplace
  • Library with Fireplace

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Ocean Side of Highway 1
  • Enclosed Patio or Porch
  • Fireplace in Patio
  • Fire Pit
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Natural Gas Connected

Additional Features

  • Accessible Elevator Installed
  • 3,480 Sq Ft Lot
  • Property is near a clubhouse

Listing and Financial Details

  • Security Deposit $20,000
  • Rent includes gardener
  • 24-Month Minimum Lease Term
  • Available 10/1/22
  • Tax Lot 942
  • Tax Tract Number 907
  • Assessor Parcel Number 42318606

Community Details

Overview

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

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Tennis Courts
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,658

Year Built

Built in 2000

Lot Details

0

HOA Fees

$109 per month

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2022-10-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 1000
  • Deposit Security: 20000
  • Furnished: Unfurnished
  • Pets Allowed: Call

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Lido Island (LIDO)
  • View: No
  • Architectural Style: Custom Built
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 42318606
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3542.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Den, Dining Room, Family Room, Kitchen, Library, Living Room, Master Bedroom, Patio, Gas, Fire Pit
  • Levels: Two
  • Main Level Bathrooms: 2
  • Price Per Square Foot: 4.23
  • Room Type: Den, Entry, Family Room, Foyer, Living Room, Master Suite, Walk-In Closet
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private, Lighting
  • Patio And Porch Features: Enclosed, Patio
  • Pool Private: No
  • Roof: Slate
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 3
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Gas Oven, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Upper Level, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Tennis Court(s), Clubhouse
  • Association Fee: 1310.68
  • Association Fee Frequency: Annually
  • Association Name: LIDO ISLE COMMUNITY ASSOCIATION
  • Phone: 949-673-6170
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Lot Features: Close to Clubhouse
  • Lot Size Sq Ft: 3480.00
  • Lot Size Acres: 0.0799

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 24 Months
  • Lot Size Area: 3480.0000 Square Feet
  • Management Co: LIDO ISLE COMMUNITY ASSOCIATIO
  • Management Co Phone: 949-673-6170
  • Number Of Units In Community: 925
  • Number Of Units Total: 925
  • Rent Includes: Gardener
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 942
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2021
Sold by
Schultheis Paul F and Schultheis Linda L
Bought by
Schultheis Paul F and Schultheis Paul
Current Estimated Value
$6,233,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,895,000
Outstanding Balance
$1,713,295
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$4,274,320

Purchase Details

Closed on
Jul 28, 2017
Sold by
Vance Mitchell S and Vance Leslie C
Bought by
Schutheis Paul F and Schutheis Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,999
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 9, 2016
Closed on
Jun 2, 2016
Sold by
Salzberg Michael J and Salzberg Sharon D
Bought by
Vance Mitchell S and Vance Leslie C
Seller's Agent
Michael Johnson
Compass
Buyer's Agent
Melanie Kermode
Pacific Sotheby's Int'l Realty
List Price
$3,150,000
Sold Price
$3,035,000
Premium/Discount to List
-$115,000
-3.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%

Purchase Details

Listed on
Apr 4, 2012
Closed on
Dec 13, 2012
Sold by
Mccormick Alison L
Bought by
Mccormick James E and Mccormick Family 1979 Trust
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Michael Johnson
Compass
List Price
$2,775,000
Sold Price
$2,350,000
Premium/Discount to List
-$425,000
-15.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.36%
Original Mortgage
$1,000,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 4, 2012
Closed on
Dec 10, 2012
Sold by
Mccormick James E and Blecksmith Edward L
Bought by
Salzberg Michael J and Salzberg Sharon D
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Michael Johnson
Compass
List Price
$2,775,000
Sold Price
$2,350,000
Premium/Discount to List
-$425,000
-15.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2011
Sold by
Blecksmith Edward L
Bought by
Blecksmith Edward L and Pamela M Blecksmith Bypass Trust

Purchase Details

Closed on
Dec 16, 2009
Sold by
Mccormick Ann C
Bought by
Mccormick Ann C and Ann C Mccormick Revocable Living Trust

Purchase Details

Closed on
Dec 28, 2007
Sold by
Blecksmith Pamela Mccormick
Bought by
Blecksmith Edward L and Blecksmith Pamela M

Purchase Details

Closed on
May 14, 2002
Sold by
Mccormick James E
Bought by
Mccormick James E and Blecksmith Pamela Mccormick

Purchase Details

Closed on
May 14, 1996
Sold by
Mccormick Marguerite M
Bought by
Mccormick Marguerite M
Source: Public Records

Range of Values:

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Average Value
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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
Schultheis Paul F -- Lawyers Title
Schutheis Paul F $3,260,000 North American Title Co
Vance Mitchell S $3,012,000 Chicago Title
Mccormick James E -- None Available
Salzberg Michael J $2,350,000 California Title Company
Blecksmith Edward L -- None Available
Mccormick Ann C -- None Available
Blecksmith Edward L -- None Available
Mccormick James E -- --
Mccormick Marguerite M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schultheis Paul F $1,895,000
Closed Schutheis Paul F $199,999
Previous Owner Salzberg Michael J $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2022 08/09/22 Rented $15,000 -3.5% --
08/01/2022 08/01/22 For Rent $15,550 +14.8% --
09/30/2019 09/30/19 Rented $13,550 0.0% --
09/03/2019 09/03/19 For Rent $13,550 +23.2% --
09/14/2016 09/14/16 Rented $11,000 0.0% --
08/03/2016 08/03/16 For Rent $11,000 0.0% --
08/01/2016 08/01/16 Sold $3,035,000 -3.7% $857 / Sq Ft
05/24/2016 05/24/16 Pending -- -- --
04/24/2016 04/24/16 For Sale $3,150,000 0.0% $889 / Sq Ft
04/17/2016 04/17/16 Pending -- -- --
04/08/2016 04/08/16 Price Changed $3,150,000 -3.7% $889 / Sq Ft
02/09/2016 02/09/16 For Sale $3,270,000 +39.1% $923 / Sq Ft
12/27/2012 12/27/12 Sold $2,350,000 -11.3% $850 / Sq Ft
12/19/2012 12/19/12 Pending -- -- --
09/17/2012 09/17/12 Price Changed $2,650,000 -4.5% $958 / Sq Ft
04/04/2012 04/04/12 For Sale $2,775,000 -- $1,004 / 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 $38,658 $3,709,321 $2,952,979 $756,342
2024 $38,658 $3,636,590 $2,895,078 $741,512
2023 $37,755 $3,565,285 $2,838,312 $726,973
2022 $37,132 $3,495,378 $2,782,659 $712,719
2021 $36,419 $3,426,842 $2,728,097 $698,745
2020 $36,070 $3,391,704 $2,700,123 $691,581
2019 $35,319 $3,325,200 $2,647,179 $678,021
2018 $34,613 $3,260,000 $2,595,273 $664,727
2017 $32,062 $3,012,000 $2,339,582 $672,418
2016 $26,004 $2,444,554 $1,781,431 $663,123
2015 $25,760 $2,407,835 $1,754,672 $653,163
2014 $25,153 $2,360,669 $1,720,300 $640,369
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22168651

California Regional Multiple Listing Service (CRMLS)

APN: 423-186-06