$6,000,000
SOLD AUG 21, 2015
4 Beds
4.5 Baths
3,812 Sq Ft
4,050 Sq Ft Lot

Recently Sold

$1,574 Per Sq Ft

10% Below List Price

92 Days on Market

Highlights

  • Private Dock Site
  • Property Fronts a Bay or Harbor
  • Private Pool
  • Newport Elementary School Rated A
  • Boat Slip
  • 1-minute walk to Lido Park

About This Home

As of August 2017

Exquisite Lido bayfront ready to move in with south facing views and sunsets on an oversized 45' wide lot featuring an interior courtyard with beautiful planters with an outside fireplace & sitting area. As you enter the property, you notice the beautiful blend of dark wood flooring & cabinetry coupled with beautiful stones and granites. This very open floorplan features a gourmet kitchen, family room, dining area and living room with fireplace highlighted by expansive tinted glass slider doors that extend across the width of the bay side of the property & slide open to the bayside patio for fun in sun, entertaining or an evening BBQ. The master suite with his and hers closets is beautifully detailed with bayfront views, three additional suites upstairs as well as laundry room. The newer dock can accomodate up to a 70 foot yacht!

Last Agent to Sell the Property

Scott Reed

Surterre Properties Inc. License #00956456 Listed on: 04/24/2015

Last Buyer's Agent

Alison Mccormick

Arbor Real Estate License #00607959

Arbor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $77,861

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 4,050 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Block Wall Fence
  • Front Yard Sprinklers

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 3,812 Sq Ft Home
  • 2-Story Property
  • Tinted Windows
  • Family Room
  • Living Room
  • Bay Views
  • Breakfast Bar

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Walk-In Closet

Outdoor Features

  • Private Pool
  • Boat Slip
  • Private Dock Site
  • Docks
  • Outdoor Fireplace
  • Exterior Lighting

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 893
  • Tax Tract Number 907
  • Assessor Parcel Number 42314101

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$77,861

Year Built

Built in 1981 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42314101
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3812.00
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Master Bedroom, Outside
  • Levels: Two
  • Price Per Square Foot: 1573.98
  • Room Type: All Bedrooms Up, Family Room, Living Room, Walk-In Closet
  • Window Features: Tinted Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Boat Slip, Dock Private
  • View: Bay
  • Fence: Yes
  • Fencing: Block
  • Pool Features: Association
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sprinklers: Yes
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 4050.00
  • Price Per Lot Square Foot: 1481.48
  • Lot Size Acres: 0.0930

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4050.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Includes Dock

Tax Info

  • Tax Lot: 893
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2017
Sold by
Damron David S and Damron Linda J
Bought by
Cyprus Kip C and Cyprus Amy L
Current Estimated Value
$8,841,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,960,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 24, 2015
Closed on
Jul 27, 2015
Sold by
Mcculley Paul
Bought by
Damron Family Trust
Seller's Agent
Scott Reed
Surterre Properties Inc.
Buyer's Agent
Alison Mccormick
Arbor Real Estate
List Price
$6,649,000
Sold Price
$6,000,000
Premium/Discount to List
-$649,000
-9.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.93%

Purchase Details

Closed on
Aug 2, 2011
Sold by
Mcculley Paul
Bought by
Mcculley Paul and The Paul Mcculley Revocable Trust

Purchase Details

Closed on
Dec 13, 2010
Sold by
Cline David J and Cline Barbara E
Bought by
Mcculley Paul

Purchase Details

Closed on
May 8, 2007
Sold by
H D S Partnership
Bought by
Cline David J and Cline Barbara E

Purchase Details

Closed on
Jan 17, 2007
Sold by
Guity Mehr H F and Thomas Sonia
Bought by
H D S Partnership

Purchase Details

Closed on
Sep 24, 2001
Sold by
Guity Mehr Davodd and Guity Mehr Sholeh
Bought by
Guity Mehr H F and Thomas Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
6.5%

Purchase Details

Closed on
May 14, 1997
Sold by
Guity Mehr Davood and Guity Mehr H F
Bought by
H D S Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.25%

Purchase Details

Closed on
May 9, 1997
Sold by
Wojcizka Beata Ana
Bought by
Guity Mehr Davood

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.25%
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
Grant Deed $6,600,000 Chicago Title Co
Grant Deed $6,000,000 California Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $5,600,000 Equity Title Orange County-I
Grant Deed -- Chicago Title Co
Grant Deed -- Accommodation
Interfamily Deed Transfer -- New Century Title Company
Grant Deed -- New Century Title Company
Grant Deed -- --
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- Stewart Title
Grant Deed -- Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,840,000 New Conventional
Previous Owner $3,960,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,100,000 Unknown
Previous Owner $760,000 Unknown
Previous Owner $770,000 No Value Available
Previous Owner $500,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2017 08/21/17 Sold $6,600,000 -4.3% $1,731 / Sq Ft
06/13/2017 06/13/17 Pending -- -- --
05/20/2017 05/20/17 For Sale $6,900,000 +15.0% $1,810 / Sq Ft
08/21/2015 08/21/15 Sold $6,000,000 -9.8% $1,574 / Sq Ft
07/23/2015 07/23/15 Pending -- -- --
04/24/2015 04/24/15 For Sale $6,649,000 +10.8% $1,744 / Sq Ft
04/24/2015 04/24/15 Off Market $6,000,000 -- --
04/22/2015 04/22/15 For Sale $6,649,000 -- $1,744 / 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 $77,861 $7,509,672 $6,826,878 $682,794
2024 $77,861 $7,362,424 $6,693,018 $669,406
2023 $76,047 $7,218,063 $6,561,782 $656,281
2022 $74,797 $7,076,533 $6,433,120 $643,413
2021 $73,359 $6,937,778 $6,306,980 $630,798
2020 $72,656 $6,866,640 $6,242,310 $624,330
2019 $71,135 $6,732,000 $6,119,911 $612,089
2018 $69,711 $6,600,000 $5,999,912 $600,088
2017 $64,784 $6,120,000 $5,480,947 $639,053
2016 $63,321 $6,000,000 $5,373,477 $626,523
2015 $63,361 $5,969,627 $5,330,971 $638,656
2014 $61,866 $5,852,691 $5,226,545 $626,146
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15086721

California Regional Multiple Listing Service (CRMLS)

APN: 423-141-01