NOT LISTED FOR SALE

1171 Summit Place Laguna Beach, CA 92651

Estimated Value: $2,576,354 - $3,547,000

3 Beds
2.5 Baths
1,948 Sq Ft
$1,573/Sq Ft Est. Value

Last Sold October 16, 2019

Last sale price $1,835,000 $942 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $17,640/month

87 Days on Market

Highlights

  • Ocean View
  • Art Studio
  • Fireplace in Primary Bedroom
  • Top Of The World Elementary School Rated A+
  • Primary Bedroom Suite
  • Contemporary Architecture

About This Home

As of October 2019

At the very top of Summit Place stands a unique home, designed by Horst Architects and constructed of strong steel beams, solid concrete, crystal-clear glass, and exterior detailing of copper and wood. Its location, perched atop the hill, affords the property panoramic coastline views and ocean views all the way to Catalina and San Clemente Island. Designed with purpose, the home consists of three levels. Enter the main level, which features picturesque adjacent walls of floor-to-ceiling windows, and is punctuated by a unique glass-front fireplace in the living room. Continue on to the dining room and kitchen, which is outfitted with stainless steel appliances and a functional layout. Ascend the staircase to find the upper level, entirely dedicated to the master retreat, complete with ocean views, a private deck, fireplace, large jetted therapeutic tub, dual sinks, dual vanities, and water closet. The lower level hosts two additional bedrooms, one with a bonus loft space, a full en suite bathroom, and direct access to the storage room featuring a large roll-up metal door, ideally designed for housing a golf cart or similar equipment. The outdoor space currently stands as a blank canvas that is ready to be molded to the owner’s preferences. This home is secluded on the hilltop, yet just minutes away from all of the world-class restaurants, art galleries, resorts, shopping, and famous beaches of Laguna Beach. Welcome home to your dream house upon a hill.

Last Agent to Sell the Property

John Stanaland

The Agency License #01223768 Listed on: 06/07/2019

The Agency

Co-Listed By

Philip Smith

Dornin Realty Advisors License #01918824

Last Buyer's Agent

Cesar Zepe Ybarra

Coldwell Banker West License #01850330

Coldwell Banker West

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 4,400 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Property Views

  • Ocean
  • Coastline
  • Catalina
  • City Lights

Home Design

  • Contemporary Architecture
  • Split Level Home

Interior Spaces

  • 1,948 Sq Ft Home
  • Family Room
  • Living Room with Fireplace
  • Home Office
  • Art Studio
  • Concrete Flooring
  • Granite Countertops
  • Laundry Room

Bedrooms and Bathrooms

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

Additional Features

  • Urban Location
  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 336
  • Tax Tract Number 626
  • Assessor Parcel Number 64424406

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Summit Ridge (SR)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 64424406
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1948.00 Square Feet
  • Interior Amenities: Granite Counters, Pantry
  • Common Walls: No Common Walls
  • Flooring: Concrete
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Multi/Split
  • Price Per Square Foot: 941.99
  • Room Type: Art Studio, Family Room, Kitchen, Laundry, Living Room, Master Bedroom, Master Suite, Office
  • Room Kitchen Features: Granite Counters

Exterior Features

  • View: Catalina, City Lights, Coastline, Ocean
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4400.00
  • Lot Size Acres: 0.1010

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4400.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 336
  • Tax Tract Number: 626.20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2019
Closed on
Oct 14, 2019
Sold by
Bowden Virgil and Bowden Alicia N
Bought by
Laguna Gp Llc
Seller's Agent
John Stanaland
The Agency
Buyer's Agent
Cesar Zepe Ybarra
Coldwell Banker West
List Price
$1,899,000
Sold Price
$1,835,000
Premium/Discount to List
-$64,000
-3.37%
Current Estimated Value
$3,063,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,228,339
Avg. Annual Appreciation
8.56%

Purchase Details

Closed on
Jun 28, 2000
Sold by
Virgil Bowden and Virgil Alicia N
Bought by
Bowden Virgil and Bowden Alicia N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,000
Interest Rate
8.67%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 7, 1997
Sold by
Virgil Bowden and Virgil Alicia N
Bought by
Bowden Virgil and Bowden Alicia N
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Laguna Gp Llc $1,835,000 Chicago Title Company
Bowden Virgil -- American Title
Bowden Virgil -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bowden Virgil $506,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2019 10/16/19 Sold $1,835,000 -3.4% $942 / Sq Ft
09/02/2019 09/02/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $1,899,000 -- $975 / 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 $20,797 $2,006,838 $1,462,765 $544,073
2024 $20,797 $1,967,489 $1,434,084 $533,405
2023 $20,624 $1,928,911 $1,405,964 $522,947
2022 $20,183 $1,891,090 $1,378,396 $512,694
2021 $19,743 $1,854,010 $1,351,368 $502,642
2020 $19,481 $1,835,000 $1,337,511 $497,489
2019 $6,901 $583,008 $140,286 $442,722
2018 $6,753 $571,577 $137,535 $434,042
2017 $6,601 $560,370 $134,838 $425,532
2016 $6,458 $549,383 $132,194 $417,189
2015 $6,341 $541,131 $130,208 $410,923
2014 $6,207 $530,531 $127,657 $402,874
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG19129365

California Regional Multiple Listing Service (CRMLS)

APN: 644-244-06