NOT LISTED FOR SALE

Estimated Value: $1,664,000 - $2,187,609

2 Beds
2 Baths
1,000 Sq Ft
$1,982/Sq Ft Est. Value

Last Sold March 08, 2016

Last sale price $800,000 $800 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $11,672/month

247 Days on Market

Highlights

  • Ocean View
  • Deck
  • No HOA
  • El Morro Elementary School Rated A+
  • Main Floor Bedroom
  • Cottage

About This Home

As of March 2016

First time on market in 51 years, this quintessential Laguna cottage is classic in every sense. It looks over downtown and city hall to Mystic Hills beyond, and has a peak ocean view. Original wood flooring in the large living room is covered with carpeting. Previously used as two units, a one bedroom top level, and a studio below, there is a currently walled off stairwell connecting the first and second level for conversion to a single family use. Easy access to downtown, beach, and festival grounds.

Last Agent to Sell the Property

David Shepard

David Michael Shepard, Broker License #00524405 Listed on: 06/22/2015

Last Buyer's Agent

David Shepard

David Michael Shepard, Broker License #00524405 Listed on: 06/22/2015

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 2,400 Sq Ft Lot
  • Property fronts an alley
  • Sprinkler System
  • Property is zoned CBD2

Property Views

  • Ocean
  • City Lights
  • Hills

Home Design

  • Cottage

Interior Spaces

  • 1,000 Sq Ft Home
  • Living Room
  • Utility Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Available
  • Uncovered Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Wall Furnace

Community Details

  • No Home Owners Association
  • Foothills

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 700
  • Assessor Parcel Number 49611120

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

2,400 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • View: Yes
  • Zoning: CBD2
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 49611120
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1000.00
  • Common Walls: No Common Walls
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: In Kitchen
  • Levels: Two
  • Price Per Square Foot: 800.00
  • Room Type: Living Room, Main Floor Bedroom, Utility Room

Exterior Features

  • Patio: Yes
  • View: City Lights, Hills, Ocean
  • Patio And Porch Features: Covered, Deck, Porch
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street, Uncovered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 2400.00
  • Price Per Lot Square Foot: 333.33
  • Lot Size Acres: 0.0550

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2400.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 23
  • Tax Tract Number: 700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2021
Sold by
Smith David E and Smith Jennifer B
Bought by
Smith David E and Smith Jennifer B
Current Estimated Value
$1,982,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Outstanding Balance
$837,640
Interest Rate
2.85%
Mortgage Type
New Conventional
Estimated Equity
$1,144,762

Purchase Details

Closed on
Jan 19, 2018
Sold by
Center Street Lenfing Fund Iv Spe Llc
Bought by
Smith David E and Smith Jennifer B

Purchase Details

Closed on
Jan 11, 2018
Sold by
Youre Almost Homes Llc
Bought by
Center Street Lendings Fund Iv Spe

Purchase Details

Listed on
Jun 22, 2015
Closed on
Feb 25, 2016
Sold by
King Nancy J
Bought by
Youre Almost Home Llc
Seller's Agent
David Shepard
David Michael Shepard, Broker
Buyer's Agent
David Shepard
David Michael Shepard, Broker
List Price
$849,000
Sold Price
$800,000
Premium/Discount to List
-$49,000
-5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%
Original Mortgage
$265,000
Interest Rate
3.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 15, 2015
Sold by
King Jack H and King John H
Bought by
Jack H King Family Trust

Purchase Details

Closed on
Aug 19, 2003
Sold by
King Jack H and King John H
Bought by
King Jack H and Jack H King Family Trust

Purchase Details

Closed on
Jun 27, 2003
Sold by
King W Thomas
Bought by
King John H and Thomas King W
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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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
Smith David E -- Amrock Llc
Smith David E $1,068,000 First American Title Co
Center Street Lendings Fund Iv Spe $1,066,468 Accommodation
Youre Almost Home Llc $800,000 First American Title Company
Jack H King Family Trust -- None Available
King Jack H -- --
King Jack H -- --
King Jack H -- --
King John H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith David E $930,000
Previous Owner Youre Almost Home Llc $265,000
Previous Owner Youre Almost Home Llc $790,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2016 03/08/16 Sold $800,000 -5.8% $800 / Sq Ft
02/24/2016 02/24/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $849,000 0.0% $849 / Sq Ft
02/22/2016 02/22/16 Price Changed $849,000 -5.1% $849 / Sq Ft
01/29/2016 01/29/16 Pending -- -- --
11/10/2015 11/10/15 Price Changed $895,000 -3.2% $895 / Sq Ft
10/21/2015 10/21/15 Price Changed $925,000 -5.1% $925 / Sq Ft
09/15/2015 09/15/15 Price Changed $975,000 -5.2% $975 / Sq Ft
08/17/2015 08/17/15 Price Changed $1,029,000 -6.4% $1,029 / Sq Ft
06/22/2015 06/22/15 For Sale $1,099,000 -- $1,099 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,284 $1,536,067 $1,399,555 $136,512
2024 $16,284 $1,505,949 $1,372,113 $133,836
2023 $16,043 $1,476,421 $1,345,209 $131,212
2022 $15,688 $1,447,472 $1,318,832 $128,640
2021 $15,481 $1,419,091 $1,292,973 $126,118
2020 $15,256 $1,404,540 $1,279,715 $124,825
2019 $14,970 $1,377,000 $1,254,622 $122,378
2018 $9,465 $838,479 $813,170 $25,309
2017 $9,260 $822,039 $797,226 $24,813
2016 $9,008 $800,000 $781,654 $18,346
2015 $3,028 $222,523 $202,307 $20,216
2014 $2,956 $218,165 $198,345 $19,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG15140774

California Regional Multiple Listing Service (CRMLS)

APN: 496-111-20

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