1047 Summit Way Laguna Beach, CA 92651
Summit Ridge NeighborhoodEstimated Value: $4,733,000 - $5,650,000
4
Beds
4.5
Baths
3,766
Sq Ft
$1,372/Sq Ft
Est. Value
Highlights
- Ocean View
- Open Floorplan
- Cathedral Ceiling
- Top Of The World Elementary School Rated A
- Outdoor Fireplace
- Wood Flooring
About This Home
As of September 2019Modern Mediterranean luxury on a street-to-street lot in the quiet hillside of Summit Ridge. Centrally located in Laguna Beach, this home captures ocean, coastline, and city light views from grand living spaces and multiple decks. Designed with cathedral open-beamed ceilings, a true indoor-outdoor floor plan, and beautiful interior finishes including natural stone, wood, glass, and tile. A spacious living room with a fireplace and deck is just the beginning of the interior space wrapped around a private lush courtyard. This central courtyard is open to the entire main level and includes an outdoor kitchen, a fireplace, and an abundance of space for entertaining large parties, dining with family and friends, or relaxing in the sun. Back inside, the chef's kitchen is complete with Sub-Zero and Wolf stainless steel appliances, marble countertops, a spacious island with seating, and formal dining. The Master suite is also on the main level with a beautiful balcony, ocean views, a lounge area, a walk-in closet, and a gorgeous bathroom featuring a Jacuzzi tub. Downstairs includes 3 generously sized bedrooms each with doors to a balcony, a washer/dryer room, and multiple storage spaces. Other features include an office, A/C, a security system w/alarms and cameras, a three-car garage with epoxy floors, and a finished storage room with built-in cabinets. Enjoy luxury resort living at home.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $41,050
Year Built
- Built in 2003
Lot Details
- 8,067 Sq Ft Lot
- Wood Fence
- Density is up to 1 Unit/Acre
Parking
- 3 Car Attached Garage
Property Views
- Ocean
- Coastline
- City Lights
Home Design
- Slab Foundation
- Tile Roof
Interior Spaces
- 3,766 Sq Ft Home
- Open Floorplan
- Beamed Ceilings
- Cathedral Ceiling
- French Doors
- Living Room with Fireplace
- Living Room with Attached Deck
- Home Office
- Storage
- Laundry Room
- Carbon Monoxide Detectors
Kitchen
- Double Convection Oven
- Six Burner Stove
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Walk-In Closet
Outdoor Features
- Balcony
- Outdoor Fireplace
- Outdoor Grill
Utilities
- Forced Air Zoned Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 307
- Tax Tract Number 764
- Assessor Parcel Number 64424425
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2019
Closed on
Sep 4, 2019
Sold by
Abramson Roger K and Abramson Helen
Bought by
Motherway Thomas J and Motherway Allison Z
Seller's Agent
Marcus Skenderian
Compass
Buyer's Agent
Marcus Skenderian
Compass
List Price
$3,795,000
Sold Price
$3,685,000
Premium/Discount to List
-$110,000
-2.9%
Total Days on Market
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,483,422
Avg. Annual Appreciation
6.10%
Original Mortgage
$1,600,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 15, 2013
Closed on
Jan 15, 2014
Sold by
Gossett Jeff Mark and Gossett Lorena Mae
Bought by
Abramson Roger K and Abramson Helen
Seller's Agent
Shauna Covington
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Nicole King
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
List Price
$3,295,000
Sold Price
$3,100,000
Premium/Discount to List
-$195,000
-5.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.12%
Purchase Details
Closed on
Jul 31, 2009
Sold by
Gossett Jeff Mark and Gossett Lorena Mae
Bought by
Gossett Jeff Mark and Gossett Lorena Mae
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 14, 2000
Sold by
Dier Ronald L
Bought by
Gossett Jeff Mark and Acta Gossett Lorena Mae
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
8.27%
Mortgage Type
Balloon
Similar Homes in Laguna Beach, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Motherway Thomas J | $3,685,000 | Chicago Title Company | |
| Abramson Roger K | $3,100,000 | First American Title Company | |
| Gossett Jeff Mark | -- | First American Title Company | |
| Gossett Jeff Mark | $300,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Motherway Thomas J | $1,000,001 | |
| Closed | Motherway Thomas J | $1,600,000 | |
| Previous Owner | Gossett Jeff Mark | $729,750 | |
| Previous Owner | Gossett Jeff Mark | $417,000 | |
| Previous Owner | Gossett Jeff Mark | $725,000 | |
| Previous Owner | Gossett Jeff Mark | $500,000 | |
| Previous Owner | Gossett Jeff Mark | $350,000 | |
| Previous Owner | Gossett Jeff Mark | $322,700 | |
| Previous Owner | Gossett Jeff | $350,000 | |
| Previous Owner | Gossett Jeff Mark | $225,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2019 09/18/19 | Sold | $3,685,000 | -2.9% | $978 / Sq Ft |
| 08/04/2019 08/04/19 | Pending | -- | -- | -- |
| 07/15/2019 07/15/19 | For Sale | $3,795,000 | +22.4% | $1,008 / Sq Ft |
| 01/31/2014 01/31/14 | Sold | $3,100,000 | -5.9% | $775 / Sq Ft |
| 09/15/2013 09/15/13 | For Sale | $3,295,000 | -- | $824 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $41,050 | $3,951,062 | $3,228,384 | $722,678 |
| 2023 | $40,405 | $3,873,591 | $3,165,083 | $708,508 |
| 2022 | $39,585 | $3,797,639 | $3,103,023 | $694,616 |
| 2021 | $38,766 | $3,723,176 | $3,042,179 | $680,997 |
| 2020 | $38,300 | $3,685,000 | $3,010,985 | $674,015 |
| 2019 | $35,594 | $3,406,643 | $2,736,328 | $670,315 |
| 2018 | $34,888 | $3,339,847 | $2,682,675 | $657,172 |
| 2017 | $34,185 | $3,274,360 | $2,630,073 | $644,287 |
| 2016 | $33,524 | $3,210,157 | $2,578,503 | $631,654 |
| 2015 | $33,006 | $3,161,938 | $2,539,772 | $622,166 |
| 2014 | $9,738 | $877,326 | $376,138 | $501,188 |
Source: Public Records
Agents Affiliated with this Home
-
Marcus Skenderian
Seller's Agent in 2019
Marcus Skenderian
Compass
(949) 295-5758
4 in this area
73 Total Sales
-
Brendalyn Michael
Seller Co-Listing Agent in 2019
Brendalyn Michael
Compass
(949) 533-1740
34 Total Sales
-
Shauna Covington
Seller's Agent in 2014
Shauna Covington
Berkshire Hathaway HomeServices California Properties
(949) 412-8088
3 in this area
101 Total Sales
-
N
Buyer's Agent in 2014
Nicole King
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
(949) 257-8800
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG19161158
APN: 644-244-25
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