NOT LISTED FOR SALE

1005 Summit Dr Laguna Beach, CA 92651

Estimated Value: $2,612,000 - $3,349,000

3 Beds
2 Baths
1,410 Sq Ft
$2,019/Sq Ft Est. Value

Last Sold March 14, 2014

Last sale price $1,599,000 $1,134 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $16,489/month

11 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Freeway
  • Deck
  • Top Of The World Elementary School Rated A+
  • Open Floorplan
  • Traditional Architecture

About This Home

As of March 2014

Stunning cheerfully upgraded home with amazing Catalina Island and Ocean Views. This beautiful home offers 3 spacious bedrooms (potential 4th bedroom), remodeled gourmet kitchen with updated cabinets, hardwood floors, custom window blinds, surround sound throughout the house and back deck. Wake up to the beautiful Pacific Ocean from the Master Bedroom equipped with custom closet. Downstairs is a large bonus room suitable for an office, media room or exercise studio. Enjoy outdoor entertainment and more ocean views from the side deck which over looks a large yard with lush landscaping and updated lighting for a beautiful night time atmosphere. This home also includes a two car direct access garage with built in cabinets. Truly a spectacular home.

Last Agent to Sell the Property

Mark Palma

Berkshire Hathaway HomeService License #01357338 Listed on: 01/20/2014

Last Buyer's Agent

Becky Grant

Property Leaders License #01880297

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949 | Remodeled

Lot Details

  • 6,970 Sq Ft Lot
  • Wood Fence
  • Drip System Landscaping
  • Sprinklers Throughout Yard
  • Lawn

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Driveway

Property Views

  • Ocean
  • Catalina
  • Panoramic
  • City Lights
  • Woods

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor
  • Turnkey
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,410 Sq Ft Home
  • Open Floorplan
  • Wired For Sound
  • Ceiling Fan
  • Recessed Lighting
  • ENERGY STAR Qualified Windows
  • Custom Window Coverings
  • Window Screens
  • Sliding Doors
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Home Office
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Convection Oven
  • Six Burner Stove
  • Microwave
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Freeway
  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Water Purifier

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 24
  • Assessor Parcel Number 64438601

Home Details

Home Type

Single Family

Year Built

Built in 1949 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Security System
  • Subdivision Name Other: Upper Diamond (UD)
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 64438601
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1410.00
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting, Wired for Sound
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, In Kitchen
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: Three Or More
  • Price Per Square Foot: 1134.04
  • Room Type: Family Room, Great Room, Office
  • Window Features: Custom Covering, Drapes, ENERGY STAR Qualified Windows, Screens

Exterior Features

  • Patio: Yes
  • Exterior Features: Lighting
  • View: Catalina, City Lights, Ocean, Panoramic, Trees/Woods, Water
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Paved, Driveway, Garage Faces Front, Direct Garage Access, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Convection Oven, Double Oven, Disposal, Microwave, Refrigerator, Water Purifier
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Individual Room, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Lawn, Lot 6500-9999, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6970.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2023
Sold by
Franssen David C and Franssen Sherie M
Bought by
Franssen Family Trust
Current Estimated Value
$2,847,296

Purchase Details

Listed on
Jan 20, 2014
Closed on
Feb 14, 2014
Sold by
Ivey Christina E
Bought by
Franssen David C and Franssen Sherie M
Seller's Agent
Mark Palma
Berkshire Hathaway HomeService
Buyer's Agent
Becky Grant
Property Leaders
List Price
$1,599,000
Sold Price
$1,599,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Original Mortgage
$1,099,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 20, 2012
Sold by
Ivey Christina E
Bought by
Ivey Christina E and Christina E Ivey Revocable Trust

Purchase Details

Closed on
Dec 1, 2009
Sold by
Moore James M
Bought by
Ivey Christina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2005
Sold by
Moore James M and Beach David D
Bought by
Moore James M

Purchase Details

Closed on
Aug 19, 2002
Sold by
Morales Valente C and Morales Patti
Bought by
Moore James M and Beach David D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.87%

Purchase Details

Closed on
Aug 5, 1999
Sold by
Carol Fazio
Bought by
Morales Valente C and Morales Patti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.35%

Purchase Details

Closed on
Jun 16, 1995
Sold by
Law James G
Bought by
Fazio Carol Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
7.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Franssen Family Trust -- None Listed On Document
Franssen David C $1,599,000 Equity Title
Ivey Christina E -- None Available
Ivey Christina E $1,226,500 Chicago Title Company
Moore James M -- California Title Company
Moore James M $979,000 Chicago Title Co
Morales Valente C $400,000 Guardian Title Company
Fazio Carol Sue $315,000 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Franssen David C $1,099,000
Previous Owner Ivey Christina E $700,000
Previous Owner Moore James M $500,000
Previous Owner Morales Valente C $320,000
Previous Owner Fazio Carol Sue $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2014 03/14/14 Sold $1,599,000 0.0% $1,134 / Sq Ft
01/20/2014 01/20/14 For Sale $1,599,000 -- $1,134 / 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 $20,436 $1,960,150 $1,670,633 $289,517
2024 $20,436 $1,921,716 $1,637,875 $283,841
2023 $20,264 $1,884,036 $1,605,760 $278,276
2022 $19,822 $1,847,095 $1,574,275 $272,820
2021 $19,382 $1,810,878 $1,543,407 $267,471
2020 $19,115 $1,792,310 $1,527,581 $264,729
2019 $18,762 $1,757,167 $1,497,628 $259,539
2018 $18,381 $1,722,713 $1,468,263 $254,450
2017 $18,000 $1,688,935 $1,439,474 $249,461
2016 $18,208 $1,655,819 $1,411,249 $244,570
2015 $18,237 $1,630,948 $1,390,051 $240,897
2014 $14,775 $1,291,493 $1,032,125 $259,368
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14013583

California Regional Multiple Listing Service (CRMLS)

APN: 644-386-01