NOT LISTED FOR SALE

Estimated Value: $5,965,000 - $10,784,195

3 Beds
6 Baths
3,857 Sq Ft
$2,056/Sq Ft Est. Value

Last Sold June 14, 2012

Last sale price $6,100,000 $1,582 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $50,916/month

295 Days on Market

Highlights

  • Boat Slip
  • Coastline Views
  • Atrium Room
  • Newport Elementary School Rated A
  • Newly Remodeled
  • English Architecture

About This Home

As of June 2012

Situated on a premier bay front location on the eastern tip of Lido Isle, this exquisite custom residence is built with exceptional quality and detail. An inviting entry of brick work, landscaping and beautiful fountains are all tastefully created to invite you to experience this spectacular 3 bedroom, office and 6 bath home. Its warm ambiance and expansive views of the bay, harbor and city lights make this home a must see. The magnificent master suite boasts breathtaking views, a fireplace, his and hers bathrooms with heated floors, an office and a 'boater's delight' teak wood design bath. Other amenities include: pecan floors, surround sound, 2 laundry rooms, recessed sliding doors, and 4 fireplaces. Its large dock and deck will accommodate a 60' yacht, an electric boat and side tie. Lido Isle offers gorgeous beaches, tennis courts, playgrounds, a yacht club and an unequaled lifestyle!

Last Agent to Sell the Property

Marilyn Read

Coldwell Banker Realty License #00981786 Listed on: 08/02/2011

Coldwell Banker Realty

Last Buyer's Agent

Evan Corkett

Pacific Sotheby's Int'l Realty License #00468496

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $79,432

Year Built

  • Built in 2001 | Newly Remodeled

Lot Details

  • 3,600 Sq Ft Lot
  • Lot Dimensions are 40 x 90

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage

Property Views

  • Coastline
  • Bay
  • City Lights
  • Mountain

Home Design

  • English Architecture
  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 3,857 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Triple Pane Windows
  • Sliding Doors
  • Den
  • Atrium Room
  • Wood Flooring
  • Home Security System
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Boat Slip
  • Brick Porch or Patio

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Tax Lot 337
  • Tax Tract Number 907
  • Assessor Parcel Number 42328603

Home Details

Home Type

Single Family

Est. Annual Taxes

$79,432

Year Built

Built in 2001 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-632-2494
  • Property Attached: No
  • Security: Security System
  • Subdivision Name Other: Lido Island
  • View: Yes
  • Architectural Style: English
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42328603
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3857.00
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Area
  • Fireplace Features: Electric, Gas, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 1581.54
  • Room Type: Atrium, Den
  • Window Features: Triple Pane Windows

Exterior Features

  • Patio: Yes
  • Exterior Features: Boat Slip
  • View: Bay, City Lights, Coastline, Mountain(s), Water
  • Fence: No
  • Patio And Porch Features: Brick
  • Pool Private: No
  • Roof: Slate
  • Spa: No
  • Construction Materials: Brick

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Laundry Features: In Garage, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 900.00
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size: 40 x 90
  • Lot Size Sq Ft: 3600.00
  • Lot Size Acres: 0.0830

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3600.0000 Square Feet

Tax Info

  • Tax Lot: 337
  • Tax Tract: Lido Island
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2011
Closed on
May 25, 2012
Sold by
Banta David D and Banta Stephanie B
Bought by
Singleton William W and William W Singleton Irrevocable Trust
Seller's Agent
Marilyn Read
Coldwell Banker Realty
Buyer's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
List Price
$7,995,000
Sold Price
$6,100,000
Premium/Discount to List
-$1,895,000
-23.7%
Total Days on Market
295
Current Estimated Value
$7,929,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,829,049
Avg. Annual Appreciation
2.04%

Purchase Details

Closed on
Jan 28, 2011
Sold by
Banta David D and Banta Stephanie B
Bought by
Banta David D and Banta Stephanie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
2.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2007
Sold by
Banta David D and Banta Stephanie B
Bought by
Banta David D and Banta Stephanie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$996,000
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 12, 2003
Sold by
Banta David D and Banta Stephanie
Bought by
Banta David D and Banta Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2002
Sold by
Banta David D and Banta Stephanie
Bought by
Banta David D and Banta Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.24%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 6, 1997
Sold by
Rosenberg Mark and Rosenberg Charlotte
Bought by
Banta David D and Banta Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
7.49%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Singleton William W $6,100,000 Orange Coast Title Company O
Banta David D -- Stewart Title
Banta David D -- None Available
Banta David D -- Investors Title Company
Banta David D -- Orange Coast Title
Banta David D $2,570,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banta David D $3,000,000
Previous Owner Banta David D $700,000
Previous Owner Banta David D $996,000
Previous Owner Banta David D $2,500,000
Previous Owner Banta David D $3,000,000
Previous Owner Banta David D $1,900,000
Closed Banta David D $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2012 06/14/12 Sold $6,100,000 -11.3% $1,582 / Sq Ft
05/23/2012 05/23/12 Pending -- -- --
05/03/2012 05/03/12 Price Changed $6,875,000 -5.8% $1,782 / Sq Ft
03/01/2012 03/01/12 Price Changed $7,295,000 -2.7% $1,891 / Sq Ft
10/17/2011 10/17/11 Price Changed $7,495,000 -6.3% $1,943 / Sq Ft
08/02/2011 08/02/11 For Sale $7,995,000 -- $2,073 / 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 $79,432 $7,511,710 $6,788,264 $723,446
2023 $77,581 $7,364,422 $6,655,161 $709,261
2022 $76,306 $7,220,022 $6,524,668 $695,354
2021 $74,839 $7,078,453 $6,396,733 $681,720
2020 $74,122 $7,005,873 $6,331,143 $674,730
2019 $72,570 $6,868,503 $6,207,003 $661,500
2018 $71,118 $6,733,827 $6,085,297 $648,530
2017 $69,857 $6,601,792 $5,965,978 $635,814
2016 $68,278 $6,472,346 $5,848,998 $623,348
2015 $67,642 $6,375,126 $5,761,141 $613,985
2014 $66,045 $6,250,247 $5,648,289 $601,958
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11003325

California Regional Multiple Listing Service (CRMLS)

APN: 423-286-03