$3,500,000
SOLD OCT 24, 2017
3 Beds
4.5 Baths
4,069 Sq Ft
3,080 Sq Ft Lot

Recently Sold

$860 Per Sq Ft

9% Below List Price

159 Days on Market

Highlights

  • Boat Dock
  • Home Theater
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • Bay View
  • 3-minute walk to Degrassi Park

About This Home

As of June 2020

Ideally located on a larger corner lot in the heart of exclusive Lido Isle, this custom contemporary home has it all! Large entry, a living room with a fireplace and a dining room both with walls of glass. A spacious gourmet kitchen includes an island, two ovens, two dishwashers, a ix burner gas cooktop and custom cabinets. The kitchen is open to the family room and adjacent to a large patio with a built-in barbecue and fireplace. Upstairs master suite with bay views, a fireplace, master bathroom with two sinks, a large shower, spa tub, heated floors, a vanity and a spacious cedar lined walk-in closet. Two additional bedroom suites upstairs, laundry room with washer and dryer and access to the roof top deck. The basement is complete with a movie theater, three quarter bath and enough room for a table, chairs and a pool table. Other amenities include skylights with rain sensors, four zone HVAC, central vacuum system, water softener, two sump pumps, steel framed home and a three car garage.

Last Agent to Sell the Property

Alison Mccormick

Arbor Real Estate License #00607959 Listed on: 03/20/2017

Arbor Real Estate

Last Buyer's Agent

Alison Mccormick

Arbor Real Estate License #00607959 Listed on: 03/20/2017

Arbor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,827

Year Built

  • Built in 1998

Lot Details

  • 3,080 Sq Ft Lot
  • Corner Lot

HOA Fees

  • $92 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Side Facing Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,069 Sq Ft Home
  • 3-Story Property
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Theater
  • Bay Views
  • Laundry Room
  • Basement

Kitchen

  • Open to Family Room
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Separate Shower

Outdoor Features

  • Outdoor Fireplace
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 513
  • Tax Tract Number 907
  • Assessor Parcel Number 42322201

Community Details

Overview

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

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Banquet Facilities

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,827

Year Built

Built in 1998

Lot Details

0

HOA Fees

$92 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42322201
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4069.00 Square Feet
  • Stories: 3
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Master Bedroom, Outside
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Price Per Square Foot: 860.16
  • Room Type: All Bedrooms Up, Basement, Family Room, Formal Entry, Home Theatre, Laundry, Living Room, Master Suite
  • Bathroom Features: Bathtub, Double Sinks In Master Bath, Separate Tub And Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • View: Bay
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Side
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Dock, Tennis Court(s), Sport Court, Clubhouse, Banquet Facilities, Dues Paid Annually
  • Association Fee: 1100.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Community Association
  • Phone: 9496736170
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3080.00

Multi Family

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

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 513
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2019
Closed on
Apr 17, 2020
Sold by
Urbach Harley D and Urbach Stephanie T
Bought by
Allen Jeffrey J and Allen Iidiko S
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Leslie Thompson
Compass
List Price
$3,995,000
Sold Price
$3,000,000
Premium/Discount to List
-$995,000
-24.91%
Total Days on Market
159
Current Estimated Value
$5,795,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,795,440
Avg. Annual Appreciation
13.23%
Original Mortgage
$2,000,000
Outstanding Balance
$1,799,178
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$3,785,693

Purchase Details

Listed on
Mar 20, 2017
Closed on
Aug 29, 2017
Sold by
Salomon Nancy E
Bought by
Urbach Harley D and Urbach Stephanie T
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Alison Mccormick
Arbor Real Estate
List Price
$3,849,000
Sold Price
$3,500,000
Premium/Discount to List
-$349,000
-9.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.74%
Original Mortgage
$2,750,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 29, 2011
Sold by
Salomon Nancy E
Bought by
Salomon Nancy E and 2011 Nancy E Salomon Qualified Personal

Purchase Details

Closed on
Jun 14, 2001
Sold by
Orvieto Llc
Bought by
Salomon Nancy and Nancy Salomon Qualified Personal Residen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,514
Interest Rate
7.15%

Purchase Details

Closed on
Jun 12, 1997
Sold by
Darrel Anderson
Bought by
Orvieto Llc

Purchase Details

Closed on
Aug 22, 1995
Sold by
Grinberg Anderson Marsha
Bought by
Anderson Darrel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.87%
Source: Public Records

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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
Grant Deed $3,000,000 First American Title Company
Grant Deed $3,500,000 California Title Co
Interfamily Deed Transfer -- None Available
Grant Deed -- First American Title Ins Co
Grant Deed $580,000 Guardian Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 New Conventional
Previous Owner $2,750,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,750,000 Unknown
Previous Owner $1,750,000 Unknown
Previous Owner $573,514 No Value Available
Previous Owner $540,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2020 06/01/20 Sold $3,000,000 -14.2% $737 / Sq Ft
04/14/2020 04/14/20 Pending -- -- --
03/02/2020 03/02/20 Price Changed $3,495,000 -2.2% $859 / Sq Ft
12/05/2019 12/05/19 Price Changed $3,575,000 -4.7% $879 / Sq Ft
09/19/2019 09/19/19 Price Changed $3,750,000 -6.1% $922 / Sq Ft
05/21/2019 05/21/19 For Sale $3,995,000 +14.1% $982 / Sq Ft
10/24/2017 10/24/17 Sold $3,500,000 -4.1% $860 / Sq Ft
08/26/2017 08/26/17 Pending -- -- --
08/11/2017 08/11/17 Price Changed $3,648,000 -2.7% $897 / Sq Ft
06/02/2017 06/02/17 Price Changed $3,748,000 -2.6% $921 / Sq Ft
03/20/2017 03/20/17 For Sale $3,849,000 -- $946 / 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 $33,827 $3,184,438 $2,440,959 $743,479
2023 $33,035 $3,121,999 $2,393,098 $728,901
2022 $32,487 $3,060,784 $2,346,175 $714,609
2021 $31,863 $3,000,769 $2,300,171 $700,598
2020 $38,699 $3,641,400 $3,000,578 $640,822
2019 $37,892 $3,570,000 $2,941,743 $628,257
2018 $37,135 $3,500,000 $2,884,061 $615,939
2017 $12,931 $1,201,889 $665,874 $536,015
2016 $12,641 $1,178,323 $652,818 $525,505
2015 $12,520 $1,160,624 $643,012 $517,612
2014 $12,224 $1,137,889 $630,416 $507,473
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17057429

California Regional Multiple Listing Service (CRMLS)

APN: 423-222-01