NOT LISTED FOR SALE

Estimated Value: $6,396,000 - $19,673,186

3 Beds
4.5 Baths
6,800 Sq Ft
$1,917/Sq Ft Est. Value

Last Sold July 30, 2014

Last sale price $10,400,000 $1,529 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $79,973/month

42 Days on Market

Highlights

  • Private Dock Site
  • Home fronts navigable water
  • Bay View
  • Newport Elementary School Rated A
  • In Ground Spa
  • Primary Bedroom Suite

About This Home

As of July 2014

Modern Masterpiece on the Bay.
Stunning architectural classic contemporary three story bay front estate on arguably the most spectacular waterfront site facing the main channel of Newport Harbor. Unobstructed vistas of water, mountains and Newport's Fashion Island skyline fill this award-winning designed three or possibly four bedroom en-suite residence with light. Massive living room with polished stone floors flowing to expansive stone patio on the bay adjacent to a private dock accommodating up to a 70 foot yacht. Gourmet kitchen, dining room, family/media room, romantic bay front master with fireplace featuring dual baths, closets and dressing rooms, office, exercise room, wine cellar, basement entertainment rooms, outdoor spa with waterfall, and three car garage among the amenities making this home a rare opportunity.

Last Agent to Sell the Property

Alison Mccormick

Arbor Real Estate License #00607959 Listed on: 04/21/2014

Arbor Real Estate

Last Buyer's Agent

Rob Smith

Compass License #01113111

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $128,905

Year Built

  • Built in 1994

Lot Details

  • 5,227 Sq Ft Lot
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • Bay
  • Harbor
  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Contemporary Architecture
  • Plaster

Interior Spaces

  • 6,800 Sq Ft Home
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Home Gym
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Freezer
  • Dishwasher

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite

Outdoor Features

  • In Ground Spa
  • Private Dock Site
  • Docks
  • Ocean Side of Highway 1
  • Open Patio

Additional Features

  • Fireplace in Guest House
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 325
  • Tax Tract Number 907
  • Assessor Parcel Number 42328109

Community Details

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$128,905

Year Built

Built in 1994

Lot Details

0

HOA Fees

$125 per month

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: Contact Phone
  • Other Phone Number: 949-630-4515
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Zoning: SFR
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42328109
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6800.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Guest House, Living Room, Master Bedroom
  • Levels: Three Or More
  • Price Per Square Foot: 1529.41
  • Room Type: Family Room, Exercise Room, Master Bedroom, Master Suite, Office
  • Spa Features: In Ground

Exterior Features

  • Patio: Yes
  • Exterior Features: Dock Private
  • View: Bay, City Lights, Harbor, Mountain(s), Panoramic
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Plaster

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Refrigerator
  • 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: 1500.00
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5227.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Includes Dock, Navigable Water, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 325
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2019
Sold by
The Last Village Trust
Bought by
Last Village Trust and First Foundation Bank
Current Estimated Value
$13,034,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500,000
Outstanding Balance
$5,691,482
Interest Rate
4%
Mortgage Type
Credit Line Revolving
Estimated Equity
$7,343,111

Purchase Details

Listed on
Apr 21, 2014
Closed on
Jun 3, 2014
Sold by
Riach Joan F
Bought by
First Foundation Bank and Last Village Trust
Seller's Agent
Alison Mccormick
Arbor Real Estate
Buyer's Agent
Rob Smith
Compass
List Price
$10,588,000
Sold Price
$10,400,000
Premium/Discount to List
-$188,000
-1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.04%
Original Mortgage
$4,800,000
Interest Rate
4.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 29, 2009
Sold by
Riach Joan F
Bought by
Riach Joan F and The Riach Exempt Marital Trust

Purchase Details

Closed on
Feb 26, 2004
Sold by
Riach Thomas E and Riach Joan F
Bought by
Riach Thomas E and Riach Joan F

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
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2003
Sold by
Riach Thomas E and Riach Joan
Bought by
Riach Thomas E and Riach Joan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Interest Rate
5%

Purchase Details

Closed on
Jul 16, 1996
Sold by
Riach Thomas E and Riach Joan F
Bought by
Riach Thomas E and Riach Joan F
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 Buyer Sale Price Title Company
Last Village Trust -- Chicago Title Company Sd
First Foundation Bank $10,400,000 Chicago Title Company
Riach Joan F -- None Available
Riach Thomas E -- Commonwealth Title
Riach Thomas E -- Commonwealth Title
Riach Thomas E -- --
Riach Thomas E -- Commonwealth Land Title Co
Riach Thomas E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Last Village Trust $6,500,000
Previous Owner First Foundation Bank $4,800,000
Previous Owner Riach Thomas E $2,500,000
Previous Owner Riach Thomas E $2,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2014 07/30/14 Sold $10,400,000 -1.8% $1,529 / Sq Ft
06/02/2014 06/02/14 Pending -- -- --
04/21/2014 04/21/14 For Sale $10,588,000 -- $1,557 / 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 $128,905 $12,457,777 $10,149,749 $2,308,028
2024 $128,905 $12,213,507 $9,950,734 $2,262,773
2023 $125,904 $11,974,027 $9,755,622 $2,218,405
2022 $123,837 $11,739,243 $9,564,336 $2,174,907
2021 $121,455 $11,509,062 $9,376,800 $2,132,262
2020 $120,291 $11,391,051 $9,280,652 $2,110,399
2019 $117,768 $11,167,698 $9,098,679 $2,069,019
2018 $115,410 $10,948,724 $8,920,274 $2,028,450
2017 $113,362 $10,734,044 $8,745,367 $1,988,677
2016 $110,798 $10,523,573 $8,573,889 $1,949,684
2015 $109,767 $10,365,500 $8,445,102 $1,920,398
2014 $56,228 $5,323,467 $4,498,081 $825,386
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14081124

California Regional Multiple Listing Service (CRMLS)

APN: 423-281-09