NOT LISTED FOR SALE

Estimated Value: $6,679,000 - $8,292,000

4 Beds
4.5 Baths
3,838 Sq Ft
$1,968/Sq Ft Est. Value

Last Sold December 22, 2015

Last sale price $1,850,000 $482 Per Sq Ft

Est. 308% increase in value since last sale

Current estimated payment $44,695/month

39 Days on Market

Highlights

  • Ocean Side of Highway 1
  • City Lights View
  • Main Floor Primary Bedroom
  • Newport Elementary School Rated A
  • Deck
  • 3-minute walk to Marina Park

About This Home

As of December 2015

Hurry home to your enjoy beautiful sunsets from your spacious upstairs deck, kitchen and great room ! You can even catch a boat or two floating on the bay from a peek bay view. This inviting home has a sense of spaciousness in every room. The formal living room is the ideal place to spend your holidays. The formal dining room is perfect for the dinners and special occasions in the colder months, while the sun deck is the place for BBQ's and all summer activities. The party will eventually migrate to the entertainment room and bar where the music and dancing begins! In addition there is a guest bedroom and bath which has doubled as a lovely, quiet place to read and enjoy the warmth of the sun. The large open kitchen completes the rooms located on the upper level. Retiring to the lower level we find the master, and 2 additional guest rooms. There is a den, separate laundry room and a 3 car garage...with additional parking for 2 cars...a rare commodity on Lido. You are well situated near the boat garden, and launch ramp. Located near the Island entry for easy on & off the Island in all seasons. Walking distance to the new re-development areas promising to be the new "hub" of Newport with shops, restaurants & the world famous beaches. Watch the video !!

Last Agent to Sell the Property

Coleen Brennan

Engel & Völkers Newport Beach License #01003247 Listed on: 09/18/2015

Engel & Völkers Newport Beach

Co-Listed By

Bill Forsythe

Engel & Völkers Newport Beach License #01934756

Last Buyer's Agent

Pat Patterson

Sailhouse Real Estate, Inc. License #01199815

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,674

Year Built

  • Built in 1973

Lot Details

  • 3,520 Sq Ft Lot
  • Corner Lot
  • Paved or Partially Paved Lot

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Property Views

  • City Lights
  • Peek-A-Boo
  • Neighborhood

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,838 Sq Ft Home
  • Built-In Features
  • Bar
  • Entrance Foyer
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Room
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Deck
  • Patio

Utilities

  • Cooling Available

Community Details

  • Built by Lido Isle

Listing and Financial Details

  • Tax Lot 754
  • Tax Tract Number 907
  • Assessor Parcel Number 42317110

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,674

Year Built

Built in 1973

Lot Details

0

HOA Fees

$90 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: Bill Forsythe
  • Other Phone Number: 949-466-2206
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42317110
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3838.00
  • Interior Amenities: Bar, Built-in Features, Balcony
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Area, Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 482.02
  • Room Type: Family Room, Foyer, Living Room, Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Separate Family Room

Exterior Features

  • Patio: Yes
  • View: City Lights, Neighborhood, Peek-A-Boo
  • Builder Name: Lido Isle
  • Patio And Porch Features: Deck
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Inside, Individual Room
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 90.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Paved, Corner Lot, Walkstreet
  • Lot Size Sq Ft: 3520.00
  • Price Per Lot Square Foot: 525.57
  • Lot Size Acres: 0.0810

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3520.0000 Square Feet
  • Number Of Units In Community: 850
  • Number Of Units Total: 850
  • Waterfront Features: Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • Tax Lot: 754
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2021
Sold by
Reagan Michael and The Michael Reagan Family Trus
Bought by
Reagan Michael and The Michael Reagan Trust
Current Estimated Value
$7,553,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,007,000
Outstanding Balance
$1,855,727
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$5,387,312

Purchase Details

Closed on
May 19, 2017
Sold by
430 Via Lido Soud Llc
Bought by
Reagan Michael and The Michael Reagan 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
$2,200,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 18, 2015
Closed on
Dec 16, 2015
Sold by
Figueroa Miguel
Bought by
430 Via Lido Soud Llc
Seller's Agent
Coleen Brennan
Engel & Völkers Newport Beach
Buyer's Agent
Pat Patterson
Sailhouse Real Estate, Inc.
List Price
$2,599,000
Sold Price
$1,850,000
Premium/Discount to List
-$749,000
-28.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.98%
Original Mortgage
$1,110,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 2012
Sold by
Welch Sara A
Bought by
The Sara A Welch Family Trust

Purchase Details

Closed on
Sep 7, 1995
Sold by
Welch Sara A
Bought by
Welch Sara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.88%
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 Buyer Sale Price Title Company
Reagan Michael -- None Available
Reagan Michael $4,540,000 Chicago Title Company
430 Via Lido Soud Llc $1,850,000 Bnt Title Company Of Ca
The Sara A Welch Family Trust -- None Available
Welch Sara A -- Stewart Title
Welch Sara A -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reagan Michael $2,200,000
Previous Owner 430 Via Lido Soud Llc $1,110,000
Previous Owner Welch Sara A $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2015 12/22/15 Sold $1,850,000 -15.9% $482 / Sq Ft
10/27/2015 10/27/15 Pending -- -- --
10/24/2015 10/24/15 Price Changed $2,199,000 -8.3% $573 / Sq Ft
10/24/2015 10/24/15 Price Changed $2,398,850 0.0% $625 / Sq Ft
10/23/2015 10/23/15 Price Changed $2,398,900 0.0% $625 / Sq Ft
10/01/2015 10/01/15 Price Changed $2,399,000 -7.7% $625 / Sq Ft
09/18/2015 09/18/15 For Sale $2,599,000 -- $677 / 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 $54,674 $5,269,058 $3,905,451 $1,363,607
2024 $54,674 $5,165,744 $3,828,874 $1,336,870
2023 $53,397 $5,064,455 $3,753,798 $1,310,657
2022 $52,517 $4,965,152 $3,680,194 $1,284,958
2021 $51,506 $4,867,797 $3,608,034 $1,259,763
2020 $51,012 $4,817,884 $3,571,038 $1,246,846
2019 $49,945 $4,723,416 $3,501,017 $1,222,399
2018 $48,945 $4,630,800 $3,432,369 $1,198,431
2017 $23,391 $2,188,331 $1,448,322 $740,009
2016 $19,764 $1,850,000 $1,419,924 $430,076
2015 $10,021 $923,871 $555,277 $368,594
2014 $9,784 $905,774 $544,400 $361,374
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15206422

California Regional Multiple Listing Service (CRMLS)

APN: 423-171-10