NOT LISTED FOR SALE

Estimated Value: $5,868,000 - $6,299,000

3 Beds
3 Baths
2,714 Sq Ft
$2,221/Sq Ft Est. Value

Last Sold December 29, 2015

Last sale price $3,100,000 $1,142 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $35,583/month

About This Home

As of December 2015

VIEWS + LOCATION + BEST VALUE IN LOWER THREE ARCH BAY! This quiet, coveted location enjoys ocean and Catalina views plus close proximity to the private beach & all of TAB amenities. A beautiful, quality home offering nearly 3,025 sqft of living space with 3 bedrooms (2 are en suite including 1 on ground level), a well-appointed office, plus an upper level family room with panoramic vistas & glorious year-round sunsets. Views of this caliber are rare for a home on the beach side of PCH with this TAB location. The sumptuous, highly upgraded master retreat (with heated bath flooring) also captures serene Pacific views. Other features include an open living room (with fireplace) and dining room adjacent to the bright chef’s kitchen with luxe La Cornue stove, center island, and desk alcove w/ custom cabinetry & ample countertop areas. Each level opens to an outdoor deck to savor the beach lifestyle. Enchanting outdoor oasis showcases an imported antique fountain & ancient stone hardscaping within an exceptionally private setting. Upper level deck has staircase down to the gorgeous oversized custom spa that rivals the best resorts. Ideal as a primary or low-maintenance vacation home. TAB is a gated community w/ wonderful neighborhood events throughout the year.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2019
Sold by
Abraham Melvin H
Bought by
Abraham Melvin H and The Mel Abraham Family Trust
Current Estimated Value
$6,027,848

Purchase Details

Listed on
Oct 4, 2015
Closed on
Nov 23, 2015
Sold by
Cavanaugh Jeffrey S and Cavanaugh Melissa
Bought by
Abraham Melvin and Forgeng Stefanie E
Seller's Agent
Donna Pfanner
Pacific Sotheby’s International Realty
Buyer's Agent
Christopher Sirianni
Coldwell Banker Realty
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
6.14%
Original Mortgage
$1,500,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2005
Sold by
Cavanaugh Jeffrey S and Cavanaugh Melissa E
Bought by
Cavanaugh Jeffrey S and Cavanaugh Melissa

Purchase Details

Closed on
Dec 24, 1997
Sold by
Bunce Robert F and Bunce Anne
Bought by
Cavanaugh Jeffrey S and Cavanaugh Melissa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.05%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Abraham Melvin H -- None Available
Abraham Melvin H -- None Available
Abraham Melvin $3,085,000 Chicago Title Company
Cavanaugh Jeffrey S -- --
Cavanaugh Jeffrey S $790,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abraham Melvin H $1,290,000
Closed Abraham Melvin $1,500,000
Previous Owner Cavanaugh Jeffrey S $1,915,000
Previous Owner Cavanaugh Jeffrey S $500,000
Previous Owner Cavanaugh Jeffrey S $500,000
Previous Owner Cavanaugh Jeffrey S $480,000
Previous Owner Cavanaugh Jeffrey S $470,000
Previous Owner Cavanaugh Jeffrey S $100,000
Previous Owner Cavanaugh Jeffrey S $50,000
Previous Owner Cavanaugh Jeffrey S $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2015 12/29/15 Sold $3,100,000 -5.9% $1,025 / Sq Ft
10/24/2015 10/24/15 Pending -- -- --
10/04/2015 10/04/15 For Sale $3,295,000 +6.3% $1,089 / Sq Ft
10/04/2015 10/04/15 Off Market $3,100,000 -- --

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 $38,469 $3,652,013 $3,308,026 $343,987
2024 $38,469 $3,580,405 $3,243,162 $337,243
2023 $37,772 $3,510,201 $3,179,570 $330,631
2022 $36,972 $3,441,374 $3,117,225 $324,149
2021 $36,391 $3,373,897 $3,056,103 $317,794
2020 $36,003 $3,339,302 $3,024,766 $314,536
2019 $34,898 $3,273,826 $2,965,457 $308,369
2018 $34,140 $3,209,634 $2,907,311 $302,323
2017 $33,421 $3,146,700 $2,850,304 $296,396
2016 $32,801 $3,085,000 $2,794,415 $290,585
2015 $12,058 $1,070,529 $778,670 $291,859
2014 $11,855 $1,049,559 $763,417 $286,142
Source: Public Records

Agents Affiliated with this Home

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