$9,000,000
SOLD MAY 27, 2014
4 Beds
6 Baths
5,455 Sq Ft
5,400 Sq Ft Lot

Recently Sold

$1,650 Per Sq Ft

12% Below List Price

317 Days on Market

Highlights

  • Marina
  • Private Dock Site
  • Home fronts navigable water
  • Newport Elementary School Rated A
  • Beach Access
  • 4-minute walk to Degrassi Park

About This Home

As of December 2016

Just Reduced By $795,000.00 Great Opportunity! Beautifully designed by John McNeely, this Tuscan style home is truly magnificent! Located next to the Strada on a large oversize lot (60' X 90') with a generous span of water frontage and wonderful views of Newport Harbor. A Grand entrance brings you past the front door into approximately 5,455 sq ft of actual living-space in addition to 793 sq ft of patio/balcony area, 475 sq ft of basement and a generous 774 sq ft of garage. This home has 4 Bedrooms, a master suite with his (his shower is a steam bath as well) and her baths and wonderful views of the harbor, one bedroom located on the main floor and 6 baths plus a formal office, weight room and craft/laundry room. There is an elevator and a safe. Four fireplaces, one which is located on the covered patio overlooking the water and private dock. The dock will accommodate a 68' vessel on the east and a 50' vessel on the west per Pete Swift of Swift Slips. Weiland Liftslide panel doors bring the inside out for wonderful entertainment. Lower floors are travertine which extend onto the patio. Upper floors are beautiful hardwood. This home was completed in December of 2008. Make this your Castle on the Bay.

Last Agent to Sell the Property

Marlys Vasterling

Lora Vance, Realtor License #00889533 Listed on: 02/19/2014

Last Buyer's Agent

Xavier Trevino

Berkshire Hathaway HomeServices California Properties License #01371278

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $150,048

Year Built

  • Built in 2008

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 60 x 90
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Sprinkler System

HOA Fees

  • $129 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof

Interior Spaces

  • 5,455 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Beamed Ceilings
  • Two Story Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Drapes & Rods
  • Wood Frame Window
  • Sliding Doors
  • Panel Doors
  • Formal Entry
  • Great Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Combination Dining and Living Room
  • Home Office
  • Library with Fireplace
  • Storage
  • Home Gym
  • Bay Views
  • Pull Down Stairs to Attic
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Oven
  • Six Burner Stove
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Laundry in Garage

Home Security

  • Home Security System
  • Fire Sprinkler System

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Beach Access
  • Pier
  • Boat Slip
  • Private Dock Site
  • Docks
  • Balcony
  • Stone Porch or Patio
  • Outdoor Fireplace
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Hot Water Circulator
  • Water Softener

Listing and Financial Details

  • Tax Lot 349
  • Tax Tract Number 907
  • Assessor Parcel Number 42327111

Community Details

Overview

  • Built by Grady O Grady

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Pier or Dock
  • Marina
  • Tennis Courts
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$150,048

Year Built

Built in 2008

Lot Details

0

HOA Fees

$129 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Fire Sprinkler System, Security System
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42327111
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5455.00
  • Interior Amenities: Beamed Ceilings, Built-in Features, Balcony, Ceiling Fan(s), Wired for Data, Elevator, Granite Counters, Living Room Deck Attached, Pull Down Stairs to Attic, Pantry, Recessed Lighting, Storage, Wired for Sound, Two Story Ceilings, Vacuum Central, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 475.00
  • Door Features: Panel Doors, Sliding Doors
  • Eating Area: Breakfast Nook, In Kitchen, In Living Room
  • Fireplace Features: Electric, Gas, Gas Starter, Library, Living Room, Master Bedroom, Outside, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 1649.86
  • Room Type: Basement, Formal Entry, Great Room, Exercise Room, Living Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Office
  • Window Features: Drapes, Double Pane Windows, Wood Frames
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Exterior Features: Boat Slip, Dock Private, Pier
  • View: Bay
  • Builder Name: Grady O Grady
  • Patio And Porch Features: Stone
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Double Oven, Dishwasher, Freezer, Disposal, Gas Range, Hot Water Circulator, High Efficiency Water Heater, Instant Hot Water, Microwave, Refrigerator, Tankless Water Heater, Water Softener
  • Heating Type: Central
  • Laundry Features: In Garage, Individual Room, Upper Level
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Clubhouse Paid, Dock, Dues Paid Annually, Pier, Playground, Tennis Court(s)
  • Association Fee: 129.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Landscaped, Rectangular Lot, Paved, Sprinkler System
  • Lot Size: 60 X 90
  • Lot Size Sq Ft: 5400.00
  • Lot Size Acres: 0.1240

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5400.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Beach Access, Includes Dock, Marina in Community, Navigable Water

Tax Info

  • Tax Lot: 349
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2016
Closed on
Nov 29, 2016
Sold by
Brennan Charles C
Bought by
Rnvs Enterprises Lp
Seller's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
Buyer's Agent
Lee Ann Canaday
Remax Fine Homes
List Price
$12,750,000
Sold Price
$12,500,000
Premium/Discount to List
-$250,000
-1.96%
Current Estimated Value
$11,117,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,382,394
Avg. Annual Appreciation
-2.21%

Purchase Details

Listed on
Feb 19, 2014
Closed on
Apr 16, 2014
Sold by
The Watson Family Trust
Bought by
Brennan Charles C and The Charles C Brennan Living Trust
Seller's Agent
Marlys Vasterling
Lora Vance, Realtor
Buyer's Agent
Xavier Trevino
Berkshire Hathaway HomeServices California Properties
List Price
$10,200,000
Sold Price
$9,000,000
Premium/Discount to List
-$1,200,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.87%
Original Mortgage
$5,850,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2003
Sold by
Wells Fargo Bank Na
Bought by
Watson Noel G and Watson Phyllis H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 1998
Sold by
Frances Westering Helen
Bought by
Wells Fargo Bank Na and Helen Frances Westering Trust
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 Type Sale Price Title Company
Grant Deed $12,500,000 Ticor Title
Grant Deed $9,000,000 First American Title Company
Deed $6,000,000 Stewart Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $5,850,000 New Conventional
Previous Owner $1,000,000 New Conventional
Previous Owner $1,000,000 New Conventional
Previous Owner $1,000,000 Unknown
Previous Owner $1,000,000 Construction
Previous Owner $2,300,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2016 12/05/16 Sold $12,500,000 -2.0% $2,288 / Sq Ft
11/23/2016 11/23/16 Pending -- -- --
09/16/2016 09/16/16 For Sale $12,750,000 +41.7% $2,334 / Sq Ft
05/27/2014 05/27/14 Sold $9,000,000 -11.8% $1,650 / Sq Ft
04/05/2014 04/05/14 Pending -- -- --
02/19/2014 02/19/14 For Sale $10,200,000 +13.3% $1,870 / Sq Ft
02/15/2014 02/15/14 Off Market $9,000,000 -- --
10/24/2013 10/24/13 Price Changed $10,200,000 -7.2% $1,870 / Sq Ft
05/23/2013 05/23/13 For Sale $10,995,000 -- $2,016 / 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 $150,048 $14,507,323 $12,929,448 $1,577,875
2024 $150,048 $14,222,866 $12,675,929 $1,546,937
2023 $146,555 $13,943,987 $12,427,382 $1,516,605
2022 $144,150 $13,670,576 $12,183,708 $1,486,868
2021 $141,376 $13,402,526 $11,944,812 $1,457,714
2020 $140,022 $13,265,100 $11,822,333 $1,442,767
2019 $137,084 $13,005,000 $11,590,522 $1,414,478
2018 $134,338 $12,750,000 $11,363,256 $1,386,744
2017 $131,955 $12,500,000 $11,140,447 $1,359,553
2016 $98,164 $9,319,812 $7,887,711 $1,432,101
2015 $97,250 $9,179,820 $7,769,230 $1,410,590
2014 $85,966 $8,145,020 $6,668,182 $1,476,838
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13096873

California Regional Multiple Listing Service (CRMLS)

APN: 423-271-11