NOT LISTED FOR SALE

Estimated Value: $4,713,000 - $5,866,000

3 Beds
3.5 Baths
2,756 Sq Ft
$1,927/Sq Ft Est. Value

Sale Details

Date Sold: March 10, 2021

Last sale price $3,335,000 $1,210 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $30,791 / mo

94 Days on Market

Highlights

  • Docks
  • Home fronts a seawall
  • Above Ground Spa
  • Newport Elementary School Rated A
  • Marina View
  • 4-minute walk to 38th Street Park

About This Home

As of March 2021

Built in 1996, this prime corner-lot estate is a rare chance to own the Newport Beach bayfront home of your dreams. Custom-designed in an exquisite blend of Italianate styling and modern amenities including a large private dock, the home features a flexible floor plan of approx. 2700 sq ft to reimagine and make your own. Experience luxury waterfront living just blocks from the beach and world-class shopping and restaurants in Lido Village. From fine dining at Pescadou and The Winery to pizza night at Mama D's, this location has it all. Relax on the generous bayfront patio with beautiful inlaid stonework and a spa, or venture down your own private dock to embark on the water. The home’s classic Mediterranean white exterior is contrasted by baroque wrought iron fencing surrounding the property. Elegant metalwork and filigree continue up the stairs to the home’s three bedrooms, each of which boasts gorgeous water views. Enjoy serene outlooks over the marina from a spacious master suite and breathtaking Pacific sunsets from the veranda off two additional bedrooms. Entertain guests in the large and open dining and living spaces featuring an ornate wood-burning fireplace. The designer kitchen features a Thermidor commercial-grade range and hood, a wine cooler and a bar tap, and a wood-paneled Sub-Zero fridge. On this coveted corner lot with exceptional waterfront features and views, the world is your oyster! Don’t miss this premier opportunity in Newport Beach.

Last Agent to Sell the Property

Andy Stavros

DOUGLAS ELLIMAN OF CALIFORNIA, INC. License #01408840 Listed on: 10/22/2020

DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Last Buyer's Agent

Summer Perry

Compass License #01882790

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1996

Lot Details

  • 2,860 Sq Ft Lot
  • Home fronts a seawall
  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage
  • Parking Available

Interior Spaces

  • 2,756 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Den
  • Bonus Room with Fireplace
  • Wood Flooring
  • Marina Views
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Stone Bathroom Countertops
  • Soaking Tub

Outdoor Features

  • Above Ground Spa
  • Docks
  • Waterfront with Home Across Road
  • Balcony

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 7 / 333
  • Tax Tract Number 164
  • Assessor Parcel Number 42338101

Community Details

Overview

  • No Home Owners Association
  • Newport Island Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1996

Lot Details

2,860 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Newport Island (NEWI)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42338101
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2756.00 Square Feet
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Bonus Room, Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1210.09
  • Room Type: All Bedrooms Up, Den, Family Room, Kitchen
  • Spa Features: Above Ground
  • Bathroom Features: Bathtub, Soaking Tub, Stone Counters

Exterior Features

  • View: Marina, Water
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2860.00
  • Lot Size Acres: 0.0657

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2860.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Canal Front, Includes Dock, Seawall, Waterfront With Home Across Road

Tax Info

  • Tax Block: 333
  • Tax Census Tract: 635.00
  • Tax Lot: 7
  • Tax Tract Number: 164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2021
Sold by
Cook Paul D and Cook Susan I
Bought by
Cook Paul D and Cook Susan I
Current Estimated Value
$5,100,133

Purchase Details

Listed on
Oct 22, 2020
Closed on
Jan 29, 2021
Sold by
Hebding Properties Llc
Bought by
Cook Paul D and Cook Susan I
Seller's Agent
Andy Stavros
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Buyer's Agent
Summer Perry
Compass
List Price
$3,695,000
Sold Price
$3,335,000
Premium/Discount to List
-$360,000
-9.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%
Original Mortgage
$2,334,500
Outstanding Balance
$2,087,954
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$3,224,166

Purchase Details

Closed on
Sep 24, 2012
Sold by
The Marcus Trust #3312
Bought by
Hebding Properties Llc

Purchase Details

Closed on
May 21, 2012
Sold by
Walsifer Thomas
Bought by
The Marcus Trust #3312 and Cic

Purchase Details

Closed on
Jan 15, 2008
Sold by
Walsifer Thomas
Bought by
Newport One Inc

Purchase Details

Closed on
Apr 9, 2007
Sold by
Newport One Inc
Bought by
Walsifer Thomas

Purchase Details

Closed on
Aug 4, 2006
Sold by
Walsifer Thomas
Bought by
Newport One Inc

Purchase Details

Closed on
Jun 25, 1999
Sold by
Alverson William M and Alverson Katherine T
Bought by
Wfr Holding Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
2.95%

Purchase Details

Closed on
Apr 20, 1998
Sold by
Alverson William M
Bought by
Alverson William M and Alverson Katherine T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
7.15%

Purchase Details

Closed on
Oct 16, 1997
Sold by
Jensen Robert C and Jensen Family T
Bought by
Alverson William M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Cook Paul D -- None Available
Cook Paul D $3,335,000 Chicago Title Company
Hebding Properties Llc -- Orange Coast Title
The Marcus Trust #3312 -- Accommodation
Newport One Inc -- None Available
Walsifer Thomas -- None Available
Newport One Inc -- None Available
Wfr Holding Inc $900,000 Guardian Title Company
Alverson William M -- Fidelity National Title Ins
Alverson William M $344,000 Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Cook Paul D $2,334,500
Previous Owner Wfr Holding Inc $720,000
Previous Owner Alverson William M $415,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2021 03/10/21 Sold $3,335,000 -9.7% $1,210 / Sq Ft
03/02/2021 03/02/21 Price Changed $3,695,000 0.0% $1,341 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
10/22/2020 10/22/20 For Sale $3,695,000 -- $1,341 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $37,632 $3,609,910 $3,022,896 $587,014
2024 $37,632 $3,539,128 $2,963,624 $575,504
2023 $36,753 $3,469,734 $2,905,514 $564,220
2022 $36,147 $3,401,700 $2,848,543 $553,157
2021 $24,291 $2,274,158 $1,736,866 $537,292
2020 $24,058 $2,250,840 $1,719,057 $531,783
2019 $23,560 $2,206,706 $1,685,350 $521,356
2018 $23,090 $2,163,438 $1,652,304 $511,134
2017 $22,682 $2,121,018 $1,619,906 $501,112
2016 $22,172 $2,079,430 $1,588,143 $491,287
2015 $21,964 $2,048,196 $1,564,288 $483,908
2014 $21,446 $2,008,075 $1,533,646 $474,429
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG20223566

California Regional Multiple Listing Service (CRMLS)

APN: 423-381-01

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