NOT LISTED FOR SALE

Estimated Value: $5,378,000 - $7,589,000

3 Beds
2.5 Baths
2,560 Sq Ft
$2,502/Sq Ft Est. Value

Sale Details

Date Sold: May 4, 2023

Last sale price $6,300,000 $2,461 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $40,055 / mo

Highlights

  • Ocean Front
  • Private Dock Site
  • Boat Slip
  • Newport Elementary School Rated A
  • Pier
  • 2-minute walk to 38th Street Park

About This Home

As of May 2023

With the best view on Newport Island, 408 38th street is an entertainers dream come true. This exquisite bayfront Cape Cod style home is ideally located with direct views straight down the channel! It is perfectly set up for year-round outdoor living with disappearing doors in the great room providing easy access from the kitchen to the covered, heated porch with spacious stone patio and a private dock that can accommodate up to a 37-foot Boat plus a Duffy — perfect for sunset happy hours in the harbor. This immaculately maintained home features rich hardwood floors, brand-new AC, custom stained-glass windows, limestone fireplaces, surround sound and a built-in outdoor Lynx barbeque. It also boasts a beautiful wood shingled exterior, TPO roof with thermoplastic overlay that deflects heat, and a Noritz water heater, filtration, and softening system. The Master suite is equipped with a modern AC unit, custom cabinets, large walk-in closet, extensive views of the water, as well as a marble bathroom. There is also a bonus TV room upstairs with plenty of natural light and skylights, which easily open for air flow. Nearby Newport Island is a hidden treasure, offering a peaceful lifestyle that is just a short boat ride or walk away from beaches and surfing, as well as shopping and restaurants in the newly updated Lido Marina Village. Don’t miss out on this one of a kind gem!

Last Agent to Sell the Property

Cheryl Dobson

Pacific Cove Estates License #02084173 Listed on: 05/04/2023

Last Buyer's Agent

Sheri Sandler

Realty One Group West License #01916041

Realty One Group West

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945

Lot Details

  • 3,000 Sq Ft Lot
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • Fenced
  • Fence is in excellent condition
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Marina
  • Coastline
  • Bay
  • Harbor
  • Canal

Home Design

  • Cape Cod Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slate Roof
  • Shingle Siding

Interior Spaces

  • 2,560 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Bar
  • Dry Bar
  • High Ceiling
  • Sliding Doors
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Office
  • Bonus Room
  • Sun or Florida Room
  • Storage
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Walk-In Pantry
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Kitchen Island
  • Granite Countertops
  • Self-Closing Drawers
  • Instant Hot Water

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Outdoor Features

  • Pier
  • Boat Slip
  • Private Dock Site
  • Docks
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Awning

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater
  • Water Softener
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 5 / 437
  • Tax Tract Number 164
  • Assessor Parcel Number 42307305
  • $364 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Newport Island Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Year Built

Built in 1945

Lot Details

3,000 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Newport Island (NEWI)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42307305
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2560.00 Square Feet
  • Interior Amenities: Balcony, Bar, Dry Bar, High Ceilings, Pantry, Storage, Wired for Sound
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2460.94
  • Room Type: All Bedrooms Up, Bonus Room, Formal Entry, Kitchen, Living Room, Master Bathroom, Master Suite, Office, Sun, Walk-In Closet, Walk-In Pantry
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Privacy Toilet Door, Soaking Tub, Vanity Area
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Exterior Features: Awning(s), Boat Slip, Dock Private, Lighting, Pier
  • View: Bay, Canal, Coastline, Harbor, Marina, Ocean, Water
  • Fence: Yes
  • Fencing: Excellent Condition
  • Patio And Porch Features: Deck, Patio
  • Pool Private: No
  • Roof: Slate
  • Construction Materials: Shingle Siding

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Gas & Electric Range, Gas Cooktop, Instant Hot Water, Microwave, Refrigerator, Tankless Water Heater, Water Softener
  • Heating Type: Fireplace(s), Forced Air
  • Laundry Features: Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3000.00
  • Lot Size Acres: 0.0689

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3000.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Canal Front, Includes Dock, Ocean Front, Sea Front, Seawall

Tax Info

  • Tax Block: 437
  • Tax Census Tract: 635.00
  • Tax Lot: 5
  • Tax Tract Number: 164
  • TaxOtherAnnualAssessmentAmount: 364.00

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2023
Closed on
Apr 24, 2023
Sold by
Bought by
Seller's Agent
Cheryl Dobson
Pacific Cove Estates
Buyer's Agent
Sheri Sandler
Realty One Group West
List Price
$6,300,000
Sold Price
$6,300,000
Views
11
Current Estimated Value
$6,403,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,997
Avg. Annual Appreciation
0.52%
Original Mortgage
$3,150,000
Outstanding Balance
$3,059,531
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$3,344,466

Purchase Details

Listed on
Jul 21, 2019
Closed on
Aug 9, 2019
Sold by
Bought by
Seller's Agent
Laura Cowie
Compass
Buyer's Agent
Cheryl Dobson
Pacific Cove Estates
List Price
$3,895,000
Sold Price
$3,750,000
Premium/Discount to List
-$145,000
-3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.18%

Purchase Details

Listed on
Jan 20, 2017
Closed on
Apr 17, 2017
Sold by
Bought by
Seller's Agent
Jennifer Rotellini
Peninsula Properties
Buyer's Agent
Laura Cowie
Compass
List Price
$3,650,000
Sold Price
$3,385,000
Premium/Discount to List
-$265,000
-7.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.51%
Original Mortgage
$2,200,250
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 26, 2015
Closed on
Nov 9, 2015
Sold by
Bought by
Seller's Agent
Vicki Lee
Compass
Buyer's Agent
Jennifer Rotellini
Peninsula Properties
List Price
$3,200,000
Sold Price
$3,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.28%
Original Mortgage
$2,080,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 26, 2008
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,760,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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

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
$6,300,000 Socal Title Company
$3,750,000 First American Title Company
$3,385,000 Fidelity National Title Comp
$3,200,000 California Title Company
-- None Available
$2,200,000 Equity Title Company
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 $3,150,000
Previous Owner $2,200,250
Previous Owner $2,080,000
Previous Owner $1,760,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2023 05/04/23 Sold $6,300,000 0.0% $2,461 / Sq Ft
05/04/2023 05/04/23 For Sale $6,300,000 +68.0% $2,461 / Sq Ft
09/03/2019 09/03/19 Sold $3,750,000 -3.7% $1,465 / Sq Ft View Prior Sale
08/05/2019 08/05/19 Pending -- -- --
07/21/2019 07/21/19 For Sale $3,895,000 +15.1% $1,521 / Sq Ft
05/11/2017 05/11/17 Sold $3,385,000 -4.6% $1,322 / Sq Ft View Prior Sale
04/11/2017 04/11/17 Pending -- -- --
03/16/2017 03/16/17 Price Changed $3,550,000 -2.7% $1,387 / Sq Ft
01/20/2017 01/20/17 For Sale $3,650,000 +14.1% $1,426 / Sq Ft
01/08/2016 01/08/16 Sold $3,200,000 0.0% $1,320 / Sq Ft View Prior Sale
11/02/2015 11/02/15 Pending -- -- --
10/26/2015 10/26/15 For Sale $3,200,000 -- $1,320 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax 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.

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 $68,008 $6,554,520 $6,219,000 $335,520
2024 $68,008 $6,426,000 $6,097,058 $328,942
2023 $41,703 $3,941,919 $3,639,763 $302,156
2022 $41,015 $3,864,627 $3,568,395 $296,232
2021 $40,228 $3,788,850 $3,498,426 $290,424
2020 $39,842 $3,750,000 $3,462,553 $287,447
2019 $37,385 $3,521,754 $3,259,745 $262,009
2018 $36,638 $3,452,700 $3,195,828 $256,872
2017 $34,716 $3,264,000 $3,003,235 $260,765
2016 $27,307 $2,575,689 $2,295,570 $280,119
2015 $27,050 $2,537,000 $2,261,088 $275,912
2014 $23,600 $2,220,000 $1,944,088 $275,912
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23075483

California Regional Multiple Listing Service (CRMLS)

APN: 423-073-05

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