NOT LISTED FOR SALE

Estimated Value: $5,611,000 - $8,979,000

4 Beds
4.5 Baths
3,112 Sq Ft
$2,287/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $5,000,000 $1,607 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $45,214/month

14 Days on Market

Highlights

  • Boat Dock
  • Property Fronts a Bay or Harbor
  • Cape Cod Architecture
  • Newport Elementary School Rated A
  • Primary Bedroom Suite
  • 4-minute walk to Genoa Park

About This Home

As of April 2014

Stunning Cape Cod Lido Isle bayfront home featuring a large dock that can accommodate a 50’ yacht plus side ties. This beautiful home offers exquisite wide views of Newport Harbor, city lights and the mountains. No boat moorings in front. Amenities include a spacious living room with a fireplace and walls of glass to the bay, warm hardwood floors, patio deck, dock deck, formal dining room, large kitchen with an island and walk in pantry, breakfast nook and powder room. Four bedroom suites including a master suite with a fireplace, luxurious master bath, walk-in closet and forever bay views. Other features include slate roof, laundry room plus a second laundry facility downstairs with washers and dryers included, air conditioning, outdoor shower and a surround sound system. The square footage of the home is approximately 200% built out which cannot be duplicated today.

Last Listed By

Alison Mccormick

Arbor Real Estate License #00607959 Listed on: 03/10/2014

Arbor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $63,622

Year Built

  • Built in 1965

Lot Details

  • 2,700 Sq Ft Lot
  • Lot Dimensions are 30x90
  • Property Fronts a Bay or Harbor

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • Bay
  • City Lights
  • Mountain

Home Design

  • Cape Cod Architecture
  • Slab Foundation

Interior Spaces

  • 3,112 Sq Ft Home
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite

Outdoor Features

  • Docks
  • Open Patio

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities

Listing and Financial Details

  • Tax Lot 507
  • Tax Tract Number 907
  • Assessor Parcel Number 42322105

Community Details

Overview

  • Lido Isle Community Association

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$63,622

Year Built

Built in 1965

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Zoning: SFR
  • Architectural Style: Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42322105
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3112.00
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 1606.68
  • Room Type: All Bedrooms Up, Living Room, Master Suite, Walk-In Pantry
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Bay, City Lights, Mountain(s)
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Clubhouse, Dock, Dues Paid Annually, Playground, Sport Court, Tennis Court(s)
  • Association Fee: 1000.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Community Association
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size: 30x90
  • Lot Size Sq Ft: 2700.00
  • Lot Size Acres: 0.0620

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2700.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Includes Dock

Tax Info

  • Tax Lot: 507
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2014
Closed on
Mar 27, 2014
Sold by
Dougherty Brian Paul and Dougherty Mary Elizabeth Betsey Olenick
Bought by
Lovoy Vincent Anthony and The Vincent Anthony Lovoy Jr Revocable T
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Matthew Hoyt
Hoyt Real Estate, Inc.
List Price
$5,395,000
Sold Price
$5,000,000
Premium/Discount to List
-$395,000
-7.32%
Total Days on Market
14
Current Estimated Value
$7,115,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,115,627
Avg. Annual Appreciation
2.16%
Original Mortgage
$3,000,000
Outstanding Balance
$2,131,340
Interest Rate
2.15%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,208,177

Purchase Details

Closed on
Jan 9, 2002
Sold by
Leflar Lois I
Bought by
Dougherty Brian Paul and Dougherty Mary Elizabeth Betsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,065,000
Interest Rate
6.25%

Purchase Details

Closed on
Jun 6, 2000
Sold by
Joan Carson
Bought by
Carson Joan and J & J Trust

Purchase Details

Closed on
Jun 18, 1998
Sold by
Wmc Development Llc
Bought by
Carson Joan T and J & J Administrative Trust

Purchase Details

Closed on
Sep 25, 1997
Sold by
Offenhauser Fred C and Offenhauser Family Trust Of 1992
Bought by
Newport Beach Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 1997
Sold by
Offenhauser Fred C and Offenhauser Family Trust
Bought by
Offenhauser Fred C and Offenhauser James F

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
Lovoy Vincent Anthony $5,000,000 Ticor Title Tustin Orange Co
Dougherty Brian Paul $2,950,000 First Southwestern Title Co
Carson Joan -- --
Carson Joan T $2,725,000 North American Title Co
Newport Beach Properties Llc -- North American Title Co
Offenhauser Fred C -- --
Offenhauser Fred C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lovoy Vincent Anthony $3,000,000
Previous Owner Dougherty Brian Paul $800,000
Previous Owner Dougherty Brian Paul $2,075,000
Previous Owner Dougherty Brian Paul $2,065,000
Previous Owner Newport Beach Properties Llc $1,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2014 04/30/14 Sold $5,000,000 -7.3% $1,607 / Sq Ft
03/24/2014 03/24/14 Pending -- -- --
03/10/2014 03/10/14 For Sale $5,395,000 -- $1,734 / 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
2024 $63,622 $6,009,131 $5,745,971 $263,160
2023 $62,139 $5,891,305 $5,633,305 $258,000
2022 $61,116 $5,775,790 $5,522,848 $252,942
2021 $59,942 $5,662,540 $5,414,557 $247,983
2020 $59,367 $5,604,478 $5,359,037 $245,441
2019 $58,126 $5,494,587 $5,253,958 $240,629
2018 $56,963 $5,386,850 $5,150,939 $235,911
2017 $55,954 $5,281,226 $5,049,940 $231,286
2016 $54,690 $5,177,673 $4,950,922 $226,751
2015 $54,180 $5,099,900 $4,876,555 $223,345
2014 $37,637 $3,555,093 $3,332,262 $222,831
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14048690

California Regional Multiple Listing Service (CRMLS)

APN: 423-221-05