NOT LISTED FOR SALE

Estimated Value: $6,050,000 - $9,432,003

3 Beds
4.5 Baths
4,091 Sq Ft
$1,924/Sq Ft Est. Value

Last Sold December 15, 2016

Last sale price $8,600,000 $2,102 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $50,284/month

32 Days on Market

Highlights

  • Private Dock Site
  • Home fronts a seawall
  • Boat Slip
  • Newport Elementary School Rated A
  • Marina View
  • 3-minute walk to Genoa Park

About This Home

As of December 2016

This ultra-luxurious, California-Contemporary Style, Lido Isle bayfront home is one of the finest in Newport Harbor. Rebuilt in 2002, in a collaboration between its owner’s and uber-architect Brion Jeannette, the home features spectacular water views of the Lido Channel, site of sailing races, morning crew workouts and all day harbor activity, and nighttime city light views of Fashion Island. The homes lower level has a thoughtful floor plan and features a huge great room with floor to ceiling retracting doors, high coffered ceilings, a limestone fireplace, a formal dining area, an elevator, a powder bath and a big island kitchen with stainless steel appliances, wine refrigerator and every thinkable amenity. Upstairs there is a gracious master suite with a limestone fireplace , an elegant bath and his and hers closets; in addition, there are two bedrooms with ensuite baths and a large bonus area that can be an office, bunkroom or play area with its own bathroom. The stunning palette of finish materials includes Honduran Mahogany, Walker Zanger stonework, honed Travertine, Granite, Limestone, pewter, stainless steel and tumbled Elk Mountain stone. The property features 45’ of bayfrontage and a private pier and dock that can accommodate an 80’ yacht and a side tie. Lido Isle is a resort community with a private Yacht Club, Tennis Courts, bay beach and activities for children to adults.

Last Agent to Sell the Property

Steve High

Pacific Sotheby’s International Realty License #00936421 Listed on: 11/10/2016

Pacific Sotheby’s International Realty

Co-Listed By

Evan Corkett

Pacific Sotheby's Int'l Realty License #00468496

Last Buyer's Agent

Mary Ellen Weglarz

Surterre Properties Inc. License #00976277

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $101,337

Year Built

  • Built in 1962

Lot Details

  • 4,050 Sq Ft Lot
  • Home fronts a seawall
  • Property Fronts a Bay or Harbor

HOA Fees

  • $116 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Parking Available
  • Two Garage Doors

Property Views

  • Marina
  • Coastline
  • Bay
  • Harbor
  • Views of a pier
  • Panoramic
  • Bridge
  • City Lights

Home Design

  • Turnkey
  • Slate Roof

Interior Spaces

  • 4,091 Sq Ft Home
  • Open Floorplan
  • Great Room
  • Living Room with Fireplace
  • Den
  • Bonus Room
  • Stone Flooring

Kitchen

  • Six Burner Stove
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms

Outdoor Features

  • Boat Slip
  • Private Dock Site
  • Docks
  • Ocean Side of Highway 1
  • Exterior Lighting
  • Outdoor Grill

Additional Features

  • Accessible Elevator Installed
  • Property is near a clubhouse
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 503
  • Tax Tract Number 90
  • Assessor Parcel Number 42322108

Home Details

Home Type

Single Family

Est. Annual Taxes

$101,337

Year Built

Built in 1962

Lot Details

0

HOA Fees

$116 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42322108
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4091.00 Square Feet
  • Interior Amenities: Elevator, Granite Counters, Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2102.18
  • Room Type: All Bedrooms Up, Bonus Room, Den, Great Room, Kitchen, Living Room
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Exterior Features: Barbecue Private, Boat Slip, Dock Private
  • View: Bay, Bridge(s), City Lights, Coastline, Harbor, Marina, Panoramic, Pier, Water
  • Pool Private: No
  • Roof: Slate

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Appliances: 6 Burner Stove
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 116.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Close to Clubhouse
  • Lot Size Sq Ft: 4050.00

Multi Family

  • Lease Considered: No
  • Waterfront Features: Bay Front, Includes Dock, Ocean Side Of Highway 1, Seawall

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 503
  • Tax Tract Number: 90

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2019
Sold by
La Palma Avenue Llc
Bought by
Robinson Robert and Okidoki Living Trust
Current Estimated Value
$7,869,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 10, 2016
Closed on
Dec 4, 2016
Sold by
Churm John
Bought by
La Palma Avenue Llc
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Mary Ellen Weglarz
Surterre Properties Inc.
List Price
$8,700,000
Sold Price
$8,600,000
Premium/Discount to List
-$100,000
-1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.51%

Purchase Details

Closed on
Nov 3, 2015
Sold by
Churm John
Bought by
Churm John

Purchase Details

Closed on
Mar 26, 2003
Sold by
Churm Peter
Bought by
Churm Peter and Churm Trust

Purchase Details

Closed on
Mar 19, 2002
Sold by
Elmore Janet B
Bought by
Churm Peter and Churm Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.25%

Purchase Details

Closed on
Nov 1, 1994
Sold by
Elmore Stephen H
Bought by
Elmore Stephen H and The Stephen H Elmore Qualified Residence

Purchase Details

Closed on
Oct 24, 1994
Sold by
Elmore Stephen H and Elmore Janet B
Bought by
Elmore Stephen H and Elmore Janet B
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
Robinson Robert -- First American Title Company
La Palma Avenue Llc $8,600,000 Equity Title Company
Churm John -- None Available
Churm Peter -- Equity Title
Churm Peter $4,250,000 Equity Title
Elmore Janet B -- Equity Title
Elmore Stephen H -- --
Elmore Janet B -- --
Elmore Stephen H -- --
Elmore Stephen H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Robert $5,000,000
Previous Owner Churm Peter $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2016 12/15/16 Sold $8,600,000 -1.1% $2,102 / Sq Ft
11/10/2016 11/10/16 For Sale $8,700,000 -- $2,127 / 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 $101,337 $9,785,331 $8,672,254 $1,113,077
2024 $101,337 $9,593,462 $8,502,210 $1,091,252
2023 $98,976 $9,405,355 $8,335,500 $1,069,855
2022 $97,351 $9,220,937 $8,172,059 $1,048,878
2021 $95,478 $9,040,135 $8,011,823 $1,028,312
2020 $94,563 $8,947,440 $7,929,672 $1,017,768
2019 $94,426 $8,947,440 $7,929,672 $1,017,768
2018 $92,536 $8,772,000 $7,774,188 $997,812
2017 $90,895 $8,600,000 $7,621,752 $978,248
2016 $57,030 $5,400,640 $4,549,922 $850,718
2015 $58,993 $5,562,882 $4,686,609 $876,273
2014 $57,600 $5,453,913 $4,594,804 $859,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG16744364

California Regional Multiple Listing Service (CRMLS)

APN: 423-221-08