$4,450,000
SOLD MAY 14, 2018
3 Beds
3 Baths
1,319 Sq Ft
3,600 Sq Ft Lot

Recently Sold

$3,374 Per Sq Ft

11% Below List Price

58 Days on Market

Highlights

  • Boat Dock
  • Bay View
  • Main Floor Primary Bedroom
  • Newport Elementary School Rated A
  • Clubhouse
  • 1-minute walk to Genoa Park

About This Home

As of May 2018

Wonderful Lido Isle one story Bayfront cottage on a a large lot. Located in a park like setting, this charming property gives you incredible bay and city lights views. Large bay front patio, three bedrooms, three baths plus a two car garage, close proximity to Lido Marina Village, ocean and some of Newport Beach's finest restaurants. Lido Isle has beaches, three tennis courts, children's playgrounds, parks, dock and a clubhouse. Purchase price includes boat mooring.

Last Agent to Sell the Property

Alison Mccormick

Arbor Real Estate License #00607959 Listed on: 01/29/2018

Arbor Real Estate

Last Buyer's Agent

Summer Perry

Compass License #01882790

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $65,479

Year Built

  • Built in 1940

Lot Details

  • 3,600 Sq Ft Lot
  • Rectangular Lot

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Single Garage Door

Property Views

  • Bay
  • City Lights

Home Design

  • Cottage
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,319 Sq Ft Home
  • Dining Room
  • Tile Flooring

Kitchen

  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms
  • Walk-in Shower

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 474
  • Tax Tract Number 907
  • Assessor Parcel Number 42318108

Community Details

Overview

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

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Banquet Facilities

Recreation

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

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$65,479

Year Built

Built in 1940

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42318108
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1319.00 Square Feet
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 3373.77
  • Room Type: All Bedrooms Down, Main Floor Master Bedroom
  • Bathroom Features: Shower

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Bay, City Lights
  • Patio And Porch Features: Covered, Patio Open
  • Pool Private: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Gas Cooktop
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Playground, Dock, Pier, Tennis Court(s), Sport Court, Clubhouse, Banquet Facilities, Dues Paid Annually, Security
  • Association Fee: 1200.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Community Association
  • Phone: 949-673-6170
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 3600.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 875
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 474
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2021
Sold by
Levin Edward and Lauerlevin Mindy
Bought by
Levin Edward S and Lauerlevin Mindy E
Current Estimated Value
$7,196,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Outstanding Balance
$2,266,389
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$4,672,033

Purchase Details

Listed on
Jan 29, 2018
Closed on
Apr 4, 2018
Sold by
The Northern Truist Company
Bought by
Levin Edward and Lauerlevin Mindy
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Summer Perry
Compass
List Price
$4,995,000
Sold Price
$4,450,000
Premium/Discount to List
-$545,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%
Original Mortgage
$3,115,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 1, 1999
Sold by
Macfarland Donald and Macfarland Diane W
Bought by
Macfarland Donald and Macfarland Diane W
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 Type Sale Price Title Company
Interfamily Deed Transfer -- First Amer Ttl Co Res Div
Grant Deed $4,450,000 Stewart Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,500,000 New Conventional
Closed $3,115,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2018 07/02/18 Rented $5,000 0.0% --
06/27/2018 06/27/18 Under Contract -- -- --
06/19/2018 06/19/18 For Rent $5,000 0.0% --
05/14/2018 05/14/18 Sold $4,450,000 -10.9% $3,374 / Sq Ft
03/28/2018 03/28/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $4,995,000 -- $3,787 / 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 $65,479 $6,309,295 $4,973,869 $1,335,426
2024 $65,479 $6,185,584 $4,876,342 $1,309,242
2023 $63,952 $6,064,299 $4,780,728 $1,283,571
2022 $62,900 $5,945,392 $4,686,989 $1,258,403
2021 $61,691 $5,828,816 $4,595,087 $1,233,729
2020 $58,515 $5,523,552 $4,547,970 $975,582
2019 $48,080 $4,539,000 $4,458,795 $80,205
2018 $2,553 $209,068 $180,993 $28,075
2017 $2,509 $204,969 $177,444 $27,525
2016 $2,456 $200,950 $173,964 $26,986
2015 $2,431 $197,932 $171,351 $26,581
2014 $2,375 $194,055 $167,994 $26,061
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18022296

California Regional Multiple Listing Service (CRMLS)

APN: 423-181-08