$2,300,000
SOLD DEC 30, 2024
3 Beds
3 Baths
1,574 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$1,461 Per Sq Ft

32% Below List Price

114 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Ocean Side of Freeway
  • El Morro Elementary School Rated A+
  • Primary Bedroom Suite
  • Craftsman Architecture

About This Home

As of December 2024

Charming quintessential ocean-view North Laguna cottage with carriage unit. Comprised of two units with great income opportunity. Front cottage has 2 BRs and 2 BAs with living room fireplace and ocean views; an updated kitchen with granite counters. Great curb appeal! Front porch and large enclosed grass yard surrounded by a white picket fence! Two-car garage (plus laundry) are shared with carriage unit. Back carriage unit over garage has 1 BR and 1 BA plus ocean views! This is a street-to-street lot with enormous possibilities...the highly sought-after North Laguna Beach neighborhood is just a stroll to the beaches and coves, local shops, cafes, art festivals and restaurants - all hallmarks of a Laguna Beach address. Live in one and rent the other - or combine for excellent income! Seller financing may be a possibility for qualified buyers (owner may carry), rate and term to be determined.

Last Agent to Sell the Property

Cathy Porter

Laguna Coast Real Estate Brokerage Phone: 949-212-9898 License #01276776 Listed on: 06/30/2024

Co-Listed By

Cynthia Ayers

Laguna Coast Real Estate Brokerage Phone: 949-212-9898 License #01070654

Last Buyer's Agent

Cynthia Ayers

Laguna Coast Real Estate Brokerage Phone: 949-212-9898 License #01070654

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,533

Year Built

  • Built in 1923

Lot Details

  • 4,356 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Panoramic
  • City Lights

Home Design

  • Craftsman Architecture
  • Lap Siding

Interior Spaces

  • 1,574 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Electric Range
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Property has ocean access
  • Ocean Side of Freeway

Utilities

  • Floor Furnace
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 19 / 5
  • Tax Tract Number 481
  • Assessor Parcel Number 05312115
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • North Laguna Subdivision

Recreation

  • Water Sports

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,533

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 1475000
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Laguna (NL)
  • View: Yes
  • Water Sewer Expenses: 1400.00
  • Architectural Style: Craftsman
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 05312115
  • Year Built: 1923
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 1461.25
  • Room Type: All Bedrooms Down, Living Room, Main Floor Primary Bedroom, Primary Suite, Two Primaries

Exterior Features

  • View: City Lights, Ocean, Panoramic
  • Pool Private: No
  • Spa: No
  • Construction Materials: Lap Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4356.00
  • Lot Size Acres: 0.1000

Multi Family

  • Average1 Bed Area: 400 Square Feet
  • Average2 Bed Area: 1174 Square Feet
  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 3727.00
  • Lot Size Area: 4356.0000 Square Feet
  • Net Operating Income: 66873.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5127.00
  • Rent Control: No
  • Total Expenses: 5127.00
  • Waterfront Features: Ocean Access, Ocean Side of Freeway

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 626.56
  • Tax Lot: 19
  • Tax Tract Number: 481

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2024
Closed on
Nov 8, 2024
Sold by
Orban Trust and Orban David E
Bought by
232 San Joaquin Llc
Seller's Agent
Cathy Porter
Laguna Coast Real Estate
Buyer's Agent
Cynthia Ayers
Laguna Coast Real Estate
List Price
$3,400,000
Sold Price
$2,300,000
Premium/Discount to List
-$1,100,000
-32.35%
Views
154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%
Original Mortgage
$1,840,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 21, 2012
Sold by
Orban David E and Orban Lynda J
Bought by
Orban David E and Orban Lynda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2002
Sold by
Berkowitz Bonnie
Bought by
Gilbert Harry and Gilbert Raye S

Purchase Details

Closed on
Oct 8, 1998
Sold by
Orban David E and Orban Lynda J
Bought by
Orban David E and Orban Lynda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 1998
Sold by
Thomas Kelly Carle and Thomas Marie Ingrid
Bought by
Orban David E and Orban Lynda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 1995
Sold by
Goldstein Russ and Zukow Gil
Bought by
Kelly Carle Thomas and Kelly Ingrid Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,850
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 1994
Sold by
Goldstein Russ and Zukow Gil
Bought by
Goldstein Russ and Zukow Gil
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,300,000 Old Republic Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Quit Claim Deed -- --
Interfamily Deed Transfer -- Chicago Title Insurance Co
Grant Deed $500,000 Chicago Title Co
Grant Deed $362,500 Continental Lawyers Title Co
Trustee Deed $208,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,840,000 Seller Take Back
Previous Owner $307,000 Unknown
Previous Owner $193,000 New Conventional
Previous Owner $274,000 Unknown
Previous Owner $290,000 Purchase Money Mortgage
Previous Owner $259,850 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 For Sale $3,250,000 +41.3% $2,065 / Sq Ft
12/30/2024 12/30/24 Sold $2,300,000 -22.0% $1,461 / Sq Ft
10/22/2024 10/22/24 Pending -- -- --
07/30/2024 07/30/24 Price Changed $2,950,000 -7.8% $1,874 / Sq Ft
07/14/2024 07/14/24 Price Changed $3,200,000 -5.9% $2,033 / Sq Ft
06/30/2024 06/30/24 For Sale $3,400,000 0.0% $2,160 / Sq Ft
07/10/2020 07/10/20 Rented $3,595 +2.9% --
05/27/2020 05/27/20 Price Changed $3,495 -12.5% $2 / Sq Ft
04/21/2020 04/21/20 For Rent $3,995 +11.1% --
03/21/2019 03/21/19 Rented $3,595 0.0% --
03/04/2019 03/04/19 Price Changed $3,595 -5.3% $2 / Sq Ft
02/01/2019 02/01/19 Price Changed $3,795 -5.0% $2 / Sq Ft
01/10/2019 01/10/19 For Rent $3,995 +24.8% --
12/01/2015 12/01/15 Rented $3,200 0.0% --
11/05/2015 11/05/15 For Rent $3,200 +18.5% --
01/20/2014 01/20/14 Rented $2,700 0.0% --
01/20/2014 01/20/14 For Rent $2,700 -- --
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 $9,533 $768,484 $666,894 $101,590
2023 $9,769 $753,416 $653,817 $99,599
2022 $9,484 $738,644 $640,997 $97,647
2021 $9,204 $724,161 $628,428 $95,733
2020 $8,999 $716,736 $621,984 $94,752
2019 $8,801 $702,683 $609,788 $92,895
2018 $8,604 $688,905 $597,831 $91,074
2017 $8,401 $675,398 $586,109 $89,289
2016 $8,210 $662,155 $574,616 $87,539
2015 $8,050 $652,209 $565,984 $86,225
2014 $7,875 $639,434 $554,898 $84,536
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG24132997

California Regional Multiple Listing Service (CRMLS)

APN: 053-121-15