NOT LISTED FOR SALE

Estimated Value: $3,766,985 - $4,602,000

3 Beds
2 Baths
1,465 Sq Ft
$2,743/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $3,217,500 $2,196 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $24,341/month

3 Days on Market

Highlights

  • Boat Dock
  • Clubhouse
  • Main Floor Bedroom
  • Newport Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Genoa Park

About This Home

As of February 2023

Pristine cottage on famed Lido Isle. Perched on a large, 40’ wide mid-island parcel, this rare-to-find 3-bedroom, 2 bath single-level gem has been meticulously maintained and is the epitome of island living. Enter into a paver-lined, sunlit, private courtyard and you are welcomed to a beautifully appointed, darling, upgraded residence with hardwood and stone floors, renovated bathrooms and kitchen, comfortable living spaces and gracious interiors. In perfect condition, a generous family/living room is adjacent to an informal, open dining area and kitchen equipped with premium appliances. Oversized windows invite natural light and the home blends timeless charm with modern amenities. The sizable parcel is located on a desirable, lushly landscaped parcel and easy access to Lido’s great amenities including docks, beaches, clubhouse, parks, tennis courts, snack bar and boardwalk are only strides away. Or take a short walk to the some of the best dining and shopping that Newport Beach has to offer just over the Lido bridge. This is truly a special property. Seller may require a lease-back of up to 90 days after COE.

Last Agent to Sell the Property

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048 Listed on: 01/12/2023

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Rita Whitney

The Agency License #01209004

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,108

Year Built

  • Built in 1951

Lot Details

  • 3,520 Sq Ft Lot
  • Density is up to 1 Unit/Acre

HOA Fees

  • $108 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Planned Development
  • Tile Roof

Interior Spaces

  • 1,465 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Stone Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 609
  • Tax Tract Number 907
  • Assessor Parcel Number 42322504
  • $369 per year additional tax assessments

Community Details

Overview

  • Lido Isle Homeowners Association, Phone Number (949) 673-6170
  • Lica HOA
  • Lido Island Subdivision

Amenities

  • Clubhouse
  • Banquet Facilities

Recreation

  • Boat Dock
  • Pier or Dock
  • Tennis Courts
  • Sport Court
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,108

Year Built

Built in 1951

Lot Details

0

HOA Fees

$108 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42322504
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1465.00 Square Feet
  • Interior Amenities: Granite Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Area
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2196.25
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom, Main Floor Master Bedroom
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Main Floor Full Bath, Stone Counters
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Covered, Patio Open
  • Pool Private: No
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Playground, Dock, Pier, Tennis Court(s), Sport Court, Clubhouse, Banquet Facilities
  • Association Fee: 1300.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Homeowners Association
  • Phone: 949.673.6170
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks, Storm Drains
  • Association Management: LICA

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3520.00
  • Lot Size Acres: 0.0808

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 3520.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 609
  • Tax Tract Number: 907
  • TaxOtherAnnualAssessmentAmount: 369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2023
Closed on
Jan 18, 2023
Sold by
Shirley Joseph R and Shirley Mae
Bought by
William M Cockrum Iv Trust
Seller's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
Buyer's Agent
Rita Whitney
The Agency
List Price
$3,295,000
Sold Price
$3,217,500
Premium/Discount to List
-$77,500
-2.35%
Views
37
Current Estimated Value
$4,018,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$801,246
Avg. Annual Appreciation
8.03%
Original Mortgage
$2,574,000
Outstanding Balance
$2,508,982
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$1,426,915

Purchase Details

Listed on
Jan 12, 2023
Closed on
Jan 6, 2023
Sold by
Ceresa Living Trust
Bought by
Community Foundation For Monterey County Real
Seller's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
Buyer's Agent
Rita Whitney
The Agency
List Price
$3,295,000
Sold Price
$3,217,500
Premium/Discount to List
-$77,500
-2.35%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,574,000
Outstanding Balance
$2,508,982
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$1,426,915

Purchase Details

Closed on
Sep 11, 1998
Sold by
Sperrazza Shirley Mae
Bought by
Sperrazza Shirley Mae and Joseph R & Shirley Mae Sperrazza Declara
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
William M Cockrum Iv Trust $3,217,500 Fidelity National Title
Community Foundation For Monterey County Real -- Accommodation/Courtesy Recordi
Sperrazza Shirley Mae -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open William M Cockrum Iv Trust $2,574,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2023 02/21/23 Sold $3,217,500 -2.4% $2,196 / Sq Ft
01/15/2023 01/15/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $3,295,000 -- $2,249 / 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 $35,108 $3,373,454 $3,229,850 $143,604
2024 $35,108 $3,299,226 $3,166,519 $132,707
2023 $1,971 $158,718 $106,325 $52,393
2022 $1,932 $155,606 $104,240 $51,366
2021 $1,896 $152,555 $102,196 $50,359
2020 $1,876 $150,991 $101,148 $49,843
2019 $1,843 $148,031 $99,165 $48,866
2018 $1,808 $145,129 $97,221 $47,908
2017 $1,776 $142,284 $95,315 $46,969
2016 $1,738 $139,495 $93,446 $46,049
2015 $1,718 $137,400 $92,042 $45,358
2014 $1,677 $134,709 $90,239 $44,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23006258

California Regional Multiple Listing Service (CRMLS)

APN: 423-225-04