NOT LISTED FOR SALE

Estimated Value: $5,690,000 - $8,700,000

3 Beds
3.5 Baths
2,800 Sq Ft
$2,465/Sq Ft Est. Value

Last Sold August 08, 2014

Last sale price $3,159,000 $1,128 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $42,770/month

16 Days on Market

Highlights

  • White Water Ocean Views
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • El Morro Elementary School Rated A+
  • Ocean Side of Highway 1
  • 4-minute walk to Crescent Bay Point Park

About This Home

As of August 2014

Opportunity abounds with this enchanting North Laguna 1940's cottage perched on an elevated lot at the corner of Cliff Drive and Circle Way. Two expansive decks offers amazing ocean, white water and Catalina Island sunset views. This flagship property is situated just across from the entrance to stunning Crescent Bay Beach! There is a myriad of potential for this very emotional property on a huge 9148 sqft lot. Large Romantic Master Suite encompasses the entire second floor, with fireplace, large deck, spa like bathroom with steam shower and walk in closet, remodeled in 1991. Two additional bedrooms on main level as well as living room, kitchen, powder and large family/dining room facing the ocean with expansive deck. Downstairs, next to 2-car garage there exists a separate room with bathroom, which could serve as hobby room, wine cellar or gym, complete with shower. The very large private back yard is rare and could easily accommodate a pool. This is a wonderful opportunity to transform/renovate/re-model this fabulous property with the great bones into your dream Laguna beach house! Perfect for year round living or vacation home.

Last Listed By

Gloria Jewell

DOUGLAS ELLIMAN OF CALIFORNIA, INC. License #00810998 Listed on: 06/16/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,665

Year Built

  • Built in 1948

Lot Details

  • 7,072 Sq Ft Lot
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Paved or Partially Paved Lot
  • Irregular Lot
  • Front and Back Yard Sprinklers
  • Wooded Lot
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard
  • Value in Land

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Driveway

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • Hills
  • Rock

Home Design

  • Cottage
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Coffered Ceiling
  • Recessed Lighting
  • Awning
  • Plantation Shutters
  • Wood Frame Window
  • Double Door Entry
  • French Doors
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Bonus Room
  • Laundry Room
  • Basement

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Mirrored Closets Doors

Outdoor Features

  • Ocean Side of Highway 1
  • Deck
  • Wood patio
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters
  • Wrap Around Porch

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating
  • Gas Water Heater
  • Sewer Assessments

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 1087
  • Assessor Parcel Number 05313409

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,665

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: The Coves (CVS)
  • View: Yes
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05313409
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2800.00
  • Interior Amenities: Built-in Features, Coffered Ceiling(s), Granite Counters, Pantry, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Double Door Entry, French Doors, Mirror Closet Door(s)
  • Eating Area: Breakfast Counter / Bar, In Living Room
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 1128.21
  • Room Type: Basement, Bonus Room, Dressing Area, Family Room, Foyer, Living Room, Master Bedroom, Main Floor Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Retreat
  • Window Features: Plantation Shutters, Wood Frames
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Exterior Features: Awning(s), Barbecue Private, Lighting, Rain Gutters
  • View: Catalina, Coastline, Hills, Ocean, Panoramic, Rocks, Water, White Water
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Concrete, Deck, Enclosed, Patio Open, Porch, Rear Porch, Patio, Wrap Around, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Paved, Driveway, Garage, Garage Door Opener, Garage - Single Door, Garage Faces Side
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Convection Oven, Double Oven, Dishwasher, Electric Range, Disposal, Gas Oven, Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Sewer Assessments
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Lot Features: Back Yard, Front Yard, Garden, Lawn, Landscaped, Irregular Lot, Value In Land, Lot 6500-9999, Paved, Park Nearby, Corner Lot, Sprinklers In Front, Sprinklers In Rear, Sprinkler System, Near Public Transit, Treed Lot, Yard
  • Lot Size Sq Ft: 7072.00
  • Lot Size Acres: 0.1620

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7072.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 1087

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2014
Closed on
Jul 8, 2014
Sold by
Florman Martin
Bought by
The Lainfiesta Family Trust
Seller's Agent
Gloria Jewell
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Buyer's Agent
Gordon Henry
Pacific Sotheby's Int'l Realty
List Price
$2,895,000
Sold Price
$3,159,000
Premium/Discount to List
$264,000
9.12%
Total Days on Market
16
Current Estimated Value
$6,901,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,742,479
Avg. Annual Appreciation
7.67%
Original Mortgage
$1,700,000
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 4, 2012
Sold by
Deem Paul
Bought by
Deem Debra

Purchase Details

Closed on
May 1, 2012
Sold by
Deem Debra
Bought by
Deem Debra

Purchase Details

Closed on
Jun 1, 2009
Sold by
Deem Debra
Bought by
Deem Debra

Purchase Details

Closed on
Dec 14, 2005
Sold by
Healy Debra Solle
Bought by
Deem Debra

Purchase Details

Closed on
Nov 30, 2005
Sold by
Deem Debra
Bought by
Deem Paul and Deem Debra

Purchase Details

Closed on
May 13, 2003
Sold by
Meyer Clifford J and Healy Debra Solle
Bought by
Healy Debra Solle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
4.6%
Mortgage Type
Unknown

Range of Values:

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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
The Lainfiesta Family Trust $3,159,000 Chicago Title Company
Deem Debra -- Equity Title Company
Deem Debra -- Accommodation
Deem Debra -- Equity Title Company
Deem Debra -- None Available
Deem Debra -- None Available
Deem Debra -- --
Deem Paul -- --
Healy Debra Solle -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lainfiesta Family Trust $3,500,000
Closed Lainfoesta Edwar R $500,000
Closed Lainfiesta Edward R $3,000,000
Closed Lainfiesta Edward R $800,000
Closed The Lainfiesta Family Trust $1,700,000
Previous Owner Deem Debra $500,000
Previous Owner Healy Debra Solle $1,000,000
Previous Owner Healy Debra Solle $120,000
Previous Owner Meyer Clifford J $1,150,000
Previous Owner Meyer Clifford J $829,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2014 08/08/14 Sold $3,159,000 +9.1% $1,128 / Sq Ft
07/02/2014 07/02/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $2,895,000 -- $1,034 / 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
2024 $49,665 $4,719,451 $3,411,189 $1,308,262
2023 $48,981 $4,626,913 $3,344,303 $1,282,610
2022 $47,961 $4,536,190 $3,278,729 $1,257,461
2021 $46,944 $4,447,246 $3,214,441 $1,232,805
2020 $46,350 $4,401,645 $3,181,480 $1,220,165
2019 $45,512 $4,315,339 $3,119,098 $1,196,241
2018 $37,329 $3,592,554 $3,057,940 $534,614
2017 $32,807 $3,150,728 $2,997,981 $152,747
2016 $33,494 $3,207,174 $2,939,198 $267,976
2015 $32,977 $3,159,000 $2,895,049 $263,951
2014 $34,404 $3,300,000 $3,049,666 $250,334
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG14126229

California Regional Multiple Listing Service (CRMLS)

APN: 053-134-09