NOT LISTED FOR SALE

1151 Summit Dr Laguna Beach, CA 92651

Estimated Value: $3,166,000 - $3,796,000

3 Beds
3.5 Baths
1,550 Sq Ft
$2,273/Sq Ft Est. Value

Last Sold May 17, 2012

Last sale price $840,000 $542 Per Sq Ft

Est. 319% increase in value since last sale

Current estimated payment $19,249/month

78 Days on Market

Highlights

  • Ocean View
  • Spa
  • Contemporary Architecture
  • Top Of The World Elementary School Rated A+
  • Deck
  • Retreat

About This Home

As of May 2012

Perched high atop a vantage point, this property offers views of the coastline, the city below and the ocean for miles. There are views from nearly every room in this house. You'll have to bring your contractor and designer because this property does need some work. Designed by a prominent local architect, this is a one of kind landmark property that seldom comes along.

Last Agent to Sell the Property

Ruben Martinez

Fiduciary Real Estate Services License #01027549 Listed on: 08/15/2011

Last Buyer's Agent

Michael Franco

Douglas Elliman of California Inc. License #01421021

Douglas Elliman of California Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • 6,800 Sq Ft Lot
  • Lot Dimensions are 100x68

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Coastline
  • Bay
  • City Lights
  • Woods
  • Canyon
  • Hills

Home Design

  • Contemporary Architecture
  • Major Repairs Completed
  • Fixer Upper
  • Slab Foundation
  • Common Roof
  • Wood Siding

Interior Spaces

  • 1,550 Sq Ft Home
  • Fireplace
  • Dining Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • Dressing Area

Outdoor Features

  • Spa
  • Deck
  • Slab Porch or Patio

Utilities

  • Cooling Available
  • Heating Available
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 3 / 22
  • Tax Tract Number 1
  • Assessor Parcel Number 64440203

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Custom
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 64440203
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1550.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Levels: Three Or More
  • Price Per Square Foot: 541.94
  • Room Type: Dressing Area, Retreat

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Bay, City Lights, Canyon, Coastline, Hills, Ocean, Trees/Woods, Water
  • Fence: No
  • Patio And Porch Features: Concrete, Deck, Slab
  • Pool Private: No
  • Roof: Common Roof
  • Spa: Yes
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Purchase: No
  • Lot Size: 100x68
  • Lot Size Sq Ft: 6800.00
  • Lot Size Acres: 0.1560

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6800.0000 Square Feet

Tax Info

  • Tax Block: 22
  • Tax Lot: 3
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2012
Sold by
Hitchman Lee Ann
Bought by
Rizza Gerald and Rizza Margarita
Current Estimated Value
$3,523,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$737,047
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 2009
Sold by
Carras Catherine M
Bought by
Carras Catherine M and Carras Family Trust

Purchase Details

Closed on
Apr 18, 2005
Sold by
Carras Anthony and Carras Catherine M
Bought by
Carras Anthony and Carras Catherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.26%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Rizza Gerald $840,000 Fnt
Carras Catherine M -- None Available
Carras Anthony -- Orange Coast Title
Carras Anthony -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rizza Gerald $737,047
Previous Owner Carras Anthony $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2012 05/17/12 Sold $840,000 -20.0% $542 / Sq Ft
05/14/2012 05/14/12 Price Changed $1,050,000 0.0% $677 / Sq Ft
11/01/2011 11/01/11 Pending -- -- --
08/15/2011 08/15/11 For Sale $1,050,000 -- $677 / 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 $11,433 $1,048,909 $534,636 $514,273
2024 $11,433 $1,028,343 $524,153 $504,190
2023 $11,468 $1,008,180 $513,876 $494,304
2022 $11,192 $988,412 $503,800 $484,612
2021 $10,919 $969,032 $493,922 $475,110
2020 $10,741 $959,096 $488,857 $470,239
2019 $10,532 $940,291 $479,272 $461,019
2018 $10,313 $921,854 $469,874 $451,980
2017 $10,091 $903,779 $460,661 $443,118
2016 $9,883 $886,058 $451,628 $434,430
2015 $9,715 $872,749 $444,844 $427,905
2014 $9,518 $855,654 $436,131 $419,523
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S670950

California Regional Multiple Listing Service (CRMLS)

APN: 644-402-03