2420 23rd St Newport Beach, CA 92660
Eastside Costa Mesa Neighborhood
3
Beds
2
Baths
1,877
Sq Ft
0.68
Acres
Highlights
- Fishing
- Primary Bedroom Suite
- 0.68 Acre Lot
- Heinz Kaiser Elementary School Rated A
- Lake View
- Open Floorplan
About This Home
As of January 2025One of only 19 lake front homes in the exclusive Newport Beach neighborhood of Cherry Lake, discover this charming home on a 30,000 SF lot, the largest in the enclave. The Cherry Lake community is one of the most unique and highly sought after areas in the Newport Beach/Back Bay region. This home is positioned on an incredible lot offering unlimited potential for expansion and growth. Lush landscape, mature trees, tropical plants and flowers give the property a tranquil energy. The spring-fed lake is a rare gem, offering swimming, paddle-boarding and a beautiful view. This home is minutes from the ocean, 500 feet to the Back Bay, yet feels as though you’ve escaped to a private paradise resort. This quaint home boasts almost 2000 SF of interior living space and an open concept floor plan. There is an outdoor workspace, newer AC (3 separate zones) and solar. Discover why Cherry Lake is dubbed at the “Hidden Gem” of Newport Beach.
Last Agent to Sell the Property
Coldwell Banker Realty License #01860709 Listed on: 10/13/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $32,290
Year Built
- Built in 1954
Lot Details
- 0.68 Acre Lot
- Density is up to 1 Unit/Acre
- Property is zoned R1
HOA Fees
- $192 Monthly HOA Fees
Parking
- 2 Car Garage
Interior Spaces
- 1,877 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Bar
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room with Attached Deck
- Dining Room
- Game Room
- Wood Flooring
- Lake Views
- Laundry Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Self-Cleaning Oven
- Microwave
- Dishwasher
- Granite Countertops
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Primary Bedroom Suite
- Maid or Guest Quarters
- 2 Full Bathrooms
Outdoor Features
- Open Patio
- Exterior Lighting
- Rain Gutters
- Front Porch
Utilities
- Zoned Heating and Cooling
- Cable TV Available
Listing and Financial Details
- Tax Lot 104
- Tax Tract Number 300
- Assessor Parcel Number 11932108
- $451 per year additional tax assessments
Community Details
Overview
- Lake Park Homeowners Assn Association, Phone Number (949) 429-5831
- Cherry Lake Area Subdivision
- Community Lake
Recreation
- Fishing
- Water Sports
- Hiking Trails
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 13, 2021
Closed on
Jan 19, 2022
Sold by
Vahan Simidian Ii Family Trust
Bought by
Lake Newport Llc
Seller's Agent
Branden Fella
Coldwell Banker Realty
Buyer's Agent
Eliisa Stowell
Surterre Properties Inc.
List Price
$3,499,000
Sold Price
$2,700,000
Premium/Discount to List
-$799,000
-22.84%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,142,231
Avg. Annual Appreciation
37.09%
Original Mortgage
$2,683,736
Interest Rate
2.62%
Mortgage Type
Construction
Purchase Details
Closed on
Jan 24, 2020
Sold by
Simidian Vahan and Simidian Norma
Bought by
Simidian Vahan and Vahan Simidian Ii Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 25, 2018
Sold by
Simidian Vahan and Simidian Norma
Bought by
Simidian Vahan and Vahan Simidian Ii Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,070,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 7, 2011
Sold by
Simidian Vahan
Bought by
Simidian Vahan and Vahan Simidian Ii Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
4.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 31, 2010
Sold by
Simidian Vahan
Bought by
Simidian Vahan and Vahan Simidian Ii Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,200
Interest Rate
4.48%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 8, 2010
Sold by
Simidian Vahan
Bought by
Simidian Vahan and Vahan Simidian Ii Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$713,750
Interest Rate
4.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 5, 2007
Sold by
Simidian Norma
Bought by
Simidian Vahan and Vahan Simidian Ii Family Trust
Purchase Details
Closed on
Jun 20, 2006
Sold by
Simidian Vahan
Bought by
Simidian Norma
Purchase Details
Closed on
May 1, 2006
Sold by
Simidian Norma
Bought by
Simidian Vahan and Vahan Simidian Ii Family Trust
Purchase Details
Closed on
Feb 25, 2006
Sold by
Simidian Vahan
Bought by
Simidian Norma
Purchase Details
Closed on
Apr 15, 2005
Sold by
Simidian Norma and Simidian Norman
Bought by
Simidian Vahan and Vahan Simidian Ii Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.53%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Feb 22, 2005
Sold by
Simidian Vahan
Bought by
Simidian Norman
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.53%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Feb 3, 1997
Sold by
Norma Simidian
Bought by
Simidian Vahan and The Vahan Simidian Ii Family Trust
Purchase Details
Closed on
Sep 23, 1994
Sold by
King Richard H
Bought by
Simidian Norma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
8.55%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,700,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $415,000 | South Coast Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,001,000 | Construction | |
| Previous Owner | $2,683,736 | Construction | |
| Previous Owner | $550,333 | New Conventional | |
| Previous Owner | $550,333 | Commercial | |
| Previous Owner | $1,200,000 | New Conventional | |
| Previous Owner | $1,070,000 | New Conventional | |
| Previous Owner | $400,000 | Unknown | |
| Previous Owner | $330,000 | Unknown | |
| Previous Owner | $712,500 | New Conventional | |
| Previous Owner | $716,200 | New Conventional | |
| Previous Owner | $713,750 | New Conventional | |
| Previous Owner | $199,000 | Credit Line Revolving | |
| Previous Owner | $700,000 | Unknown | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $332,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $9,450,000 | -0.5% | $1,945 / Sq Ft |
| 12/14/2024 12/14/24 | For Sale | $9,495,000 | +251.7% | $1,955 / Sq Ft |
| 12/11/2024 12/11/24 | Pending | -- | -- | -- |
| 03/18/2022 03/18/22 | Sold | $2,700,000 | -6.9% | $1,438 / Sq Ft |
| 01/17/2022 01/17/22 | Pending | -- | -- | -- |
| 01/13/2022 01/13/22 | Price Changed | $2,899,000 | -17.1% | $1,544 / Sq Ft |
| 10/13/2021 10/13/21 | For Sale | $3,499,000 | -- | $1,864 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $32,290 | $3,002,035 | $2,674,770 | $327,265 |
| 2023 | $29,411 | $2,754,000 | $2,622,324 | $131,676 |
| 2022 | $7,385 | $656,864 | $549,384 | $107,480 |
| 2021 | $7,231 | $643,985 | $538,612 | $105,373 |
| 2020 | $7,162 | $637,382 | $533,089 | $104,293 |
| 2019 | $7,021 | $624,885 | $522,636 | $102,249 |
| 2018 | $6,885 | $612,633 | $512,388 | $100,245 |
| 2017 | $6,766 | $600,621 | $502,341 | $98,280 |
| 2016 | $6,617 | $588,845 | $492,492 | $96,353 |
| 2015 | $6,552 | $580,000 | $485,094 | $94,906 |
| 2014 | $6,398 | $568,639 | $475,592 | $93,047 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Keven Stirdivant
Kase Real Estate
(949) 355-5947
31 in this area
339 Total Sales
-
D
Buyer Co-Listing Agent in 2025
Darwin Jones
Kase Real Estate
(949) 842-7336
1 in this area
3 Total Sales
-
Seller's Agent in 2022
Branden Fella
Coldwell Banker Realty
(949) 698-1924
11 in this area
31 Total Sales
-
Buyer's Agent in 2022
Eliisa Stowell
Surterre Properties Inc.
(949) 903-0026
1 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP21227042
APN: 119-321-08
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