NOT LISTED FOR SALE

Estimated Value: $6,045,000

5 Beds
4 Baths
4,388 Sq Ft
$1,378/Sq Ft Est. Value

Last Sold December 28, 2017

Last sale price $18,312,579 $4,173 Per Sq Ft

Current estimated payment $38,387/month

118 Days on Market

Highlights

  • Boat Dock
  • Private Pool
  • 12,495 Sq Ft lot
  • Newport Elementary School Rated A
  • Bay View
  • Cape Cod Architecture

About This Home

As of December 2017

Beyond an intricately detailed wrought-iron gate, at the end of an inviting private drive with motorcourt and fountain, this exceptional custom estate presents the most coveted homesite on all of Newport Beach’s exclusive Lido Isle. With 200' of bay frontage, an unparalleled corner location, multiple docks for large yachts, and incomparable panoramic views of Newport Bay and city lights, the Cape Cod-inspired residence elevates Southern California living to impressive new heights. A nautical New England ambiance embellishes at every turn, with classic shingle-style architecture, expansive lawns, extensive use of brick, and a white picket fence lending added appeal. Approx. 4,388 s.f., the 2-story estate was originally crafted in 1942 and now hosts 5 bedrooms, including 2 on the main floor, 5 baths, a large family room, a bright and open kitchen, wood floors, and classic white-painted molding and paneling. Enchanting bay views fill most rooms, including a master suite with deck and 2 walk-in closets. Entertain graciously on waterside patios that host a pool and spa, or take advantage of Lido Isle’s private tennis courts, beaches and playgrounds.

Last Agent to Sell the Property

Alison Mccormick

Arbor Real Estate License #00607959 Listed on: 07/08/2017

Arbor Real Estate

Last Buyer's Agent

Alison Mccormick

Arbor Real Estate License #00607959 Listed on: 07/08/2017

Arbor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $226,350

Year Built

  • Built in 1942

Lot Details

  • 0.29 Acre Lot
  • Flag Lot

HOA Fees

  • $292 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 7 Open Parking Spaces
  • Parking Available

Property Views

  • Bay
  • Harbor
  • City Lights

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 4,388 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Family Room
  • Living Room with Fireplace
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms

Outdoor Features

  • Private Pool
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 329
  • Tax Tract Number 907
  • Assessor Parcel Number 42328105

Community Details

Overview

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

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

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

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$226,350

Year Built

Built in 1942

Lot Details

0

HOA Fees

$292 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Ad Number: 949-355-4104
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42328105
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4388.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 5
  • Eating Area: Area
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 4173.33
  • Room Type: Family Room, Formal Entry, Living Room, Main Floor Master Bedroom

Exterior Features

  • Patio: Yes
  • View: Bay, City Lights, Harbor
  • Patio And Porch Features: Covered, Porch
  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Playground, Dock, Pier, Tennis Court(s), Sport Court, Clubhouse, Dues Paid Annually, Management
  • Association Fee: 3500.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Community Association
  • Phone: (949) 673-6170
  • 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: Lot 10000-19999 Sqft, Flag Lot
  • Lot Size Sq Ft: 12495.00

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: 329
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2017
Closed on
Dec 15, 2017
Sold by
Hinz Boland S and Hinz Lila Suvillian
Bought by
Atkins Ii Craig and Atkins Ii Revocable Truyst
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Alison Mccormick
Arbor Real Estate
List Price
$19,900,000
Sold Price
$18,312,580
Premium/Discount to List
-$1,587,420
-7.98%
Current Estimated Value
$6,045,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,267,580
Avg. Annual Appreciation
-13.29%
Original Mortgage
$5,000,000
Outstanding Balance
$3,940,634
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,104,366

Purchase Details

Listed on
Jul 8, 2017
Closed on
Nov 13, 2017
Sold by
Hinz Roland S and Hinz Lila
Bought by
Huiz Roland Sq and Huiz Lila
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Alison Mccormick
Arbor Real Estate
List Price
$19,900,000
Sold Price
$18,312,580
Premium/Discount to List
-$1,587,420
-7.98%

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
Outstanding Balance
$3,940,634
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,104,366

Purchase Details

Closed on
Jun 17, 2017
Sold by
Hinz Roland S and Hinz Lila Sullivan
Bought by
Hinz Family Charitable Foundation

Purchase Details

Closed on
Aug 29, 1997
Sold by
Hehr Kay Janice
Bought by
Hinz Roland S and Hinz Lila Sullivan
Source: Public Records

Range of Values:

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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
Atkins Ii Craig $18,313,000 Fntg
Huiz Roland Sq -- Fntg
Hinz Family Charitable Foundation -- None Available
Hinz Roland S -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Atkins Ii Craig $5,000,000
Closed Atkins Ii Craig $3,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2017 12/28/17 Sold $18,312,580 -8.0% $4,173 / Sq Ft
11/03/2017 11/03/17 Pending -- -- --
07/08/2017 07/08/17 For Sale $19,900,000 -- $4,535 / 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 $226,350 $21,904,012 $20,462,576 $1,441,436
2024 $226,350 $21,474,522 $20,061,349 $1,413,173
2023 $221,083 $21,053,453 $19,667,989 $1,385,464
2022 $217,459 $20,640,641 $19,282,342 $1,358,299
2021 $213,272 $20,235,923 $18,904,257 $1,331,666
2020 $211,230 $20,028,429 $18,710,417 $1,318,012
2019 $197,576 $18,758,900 $18,343,547 $415,353
2018 $192,792 $18,312,579 $17,983,870 $328,709
2017 $99,184 $9,387,362 $9,249,786 $137,576
2016 $96,941 $9,203,297 $9,068,418 $134,879
2015 $96,039 $9,065,055 $8,932,202 $132,853
2014 $93,771 $8,887,484 $8,757,233 $130,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17160942

California Regional Multiple Listing Service (CRMLS)

APN: 423-281-05