NOT LISTED FOR SALE

Estimated Value: $1,958,021 - $2,496,000

3 Beds
1 Bath
1,055 Sq Ft
$2,146/Sq Ft Est. Value

Last Sold May 11, 2016

Last sale price $1,299,000 $1,231 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $12,530/month

14 Days on Market

Highlights

  • Ocean View
  • Deck
  • Wood Flooring
  • El Morro Elementary School Rated A+
  • Cathedral Ceiling
  • 3-minute walk to Ruby Street Park

About This Home

As of May 2016

Iconic Wood's Cove cottage with architectural details galore! This K-Rated historic home was built in 1941 and has been in the same Laguna Beach artist's family for 75 years. Situated on a corner lot with plenty of room for entertaining, the two level 3 bedroom 1 bath home enjoys ocean views on both levels. Warm and inviting curb appeal welcomes you to take in all the classic charm:covered front entry, wood siding, wood windows with heart-shaped shutters and adorable plant shelf & fresh exterior paint. The magic continues inside with original wood paneled walls, open beam ceilings and original wood floors. The upper level great room has vaulted ceilings and huge windows to enjoy dramatic ocean and Catalina Island views. Stunning Catalina sunsets from the sunny kitchen with plenty of cabinet and counter space. The upper level also includes a deck for outdoor dining or sun bathing, and a bedroom, perfect as a home office or den. Lower level includes 2 large bedrooms with updated bath and shower. Upgrades include copper plumbing and new electrical panel. Fantastic location is just blocks to the beach and village shops/ restaurants. Previously approved plan for expansion includes additional bathrooms, closets and an ocean view ground level deck.

Last Agent to Sell the Property

Scott Sackin

Seven Gables Real Estate License #01003803 Listed on: 03/31/2016

Seven Gables Real Estate

Last Buyer's Agent

Heidi Cleveland

DOUGLAS ELLIMAN OF CALIFORNIA, INC. License #01956319

DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,609

Year Built

  • Built in 1941

Lot Details

  • 1,950 Sq Ft Lot
  • Paved or Partially Paved Lot

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Front Facing Garage

Property Views

  • Ocean
  • Catalina

Home Design

  • Cottage
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Copper Plumbing

Interior Spaces

  • 1,055 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Awning
  • Wood Frame Window
  • Entryway
  • Great Room
  • Combination Dining and Living Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Patio

Location

  • Suburban Location

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 6 / 6
  • Tax Tract Number 42
  • Assessor Parcel Number 64428414

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,609

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Woods Cove (WC)
  • View: Yes
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 64428414
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1055.00
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Ceramic Counters, Copper Plumbing Full
  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: In Living Room
  • Levels: Two
  • Price Per Square Foot: 1231.28
  • Room Type: Entry, Great Room, Main Floor Bedroom
  • Window Features: Wood Frames

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Exterior Features: Awning(s)
  • View: Catalina, Ocean, Water
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Garage Faces Front, Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: In Closet
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 1950.00
  • Price Per Lot Square Foot: 666.15

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 6
  • Tax Lot: 6
  • Tax Tract Number: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2016
Sold by
Ralston Nick C
Bought by
Ralston Nick C and Nick C Ralston Trust
Current Estimated Value
$2,214,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.48%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 31, 2016
Closed on
Apr 15, 2016
Sold by
Overman Laurel and Salant Steven
Bought by
Ralston Nick C
Seller's Agent
Scott Sackin
Seven Gables Real Estate
Buyer's Agent
Heidi Cleveland
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
List Price
$1,299,000
Sold Price
$1,299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$675,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2007
Sold by
Hoegerman Fay A and Mitchell Lois A
Bought by
Overman Laurel and Salant Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2004
Sold by
Hoegerman Fay
Bought by
Hoegerman Fay A and Fay A Hoegerman Trust
Source: Public Records

Range of Values:

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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
Ralston Nick C -- None Available
Ralston Nick C $1,299,000 Ticor Title Company
Overman Laurel -- Commonwealth Land Title Co
Hoegerman Fay A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ralston Nick C $495,000
Closed Ralston Nick C $495,000
Closed Ralston Nick C $620,000
Closed Ralston Nick C $250,000
Closed Ralston Nick C $100,000
Closed Ralston Nick C $675,000
Previous Owner Overman Laurel $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2016 05/11/16 Sold $1,299,000 0.0% $1,231 / Sq Ft
04/14/2016 04/14/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $1,299,000 -- $1,231 / 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 $3,609 $265,119 $51,761 $213,358
2023 $3,822 $259,921 $50,746 $209,175
2022 $3,689 $254,825 $49,751 $205,074
2021 $3,558 $249,829 $48,776 $201,053
2020 $4,488 $247,268 $48,276 $198,992
2019 $4,564 $242,420 $47,329 $195,091
2018 $4,482 $237,667 $46,401 $191,266
2017 $4,389 $233,007 $45,491 $187,516
2016 $12,497 $1,026,361 $988,060 $38,301
2015 $12,189 $1,010,945 $973,219 $37,726
2014 $9,969 $900,000 $864,788 $35,212
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16065716

California Regional Multiple Listing Service (CRMLS)

APN: 644-284-14