$4,839,000
SOLD APR 9, 2014

2480 Monaco Dr Laguna Beach, CA 92651

5 Beds
3 Baths
3,066 Sq Ft
0.29 Acres

Recently Sold

$1,578 Per Sq Ft

19% Below List Price

92 Days on Market

Highlights

  • White Water Ocean Views
  • Beach Access
  • In Ground Pool
  • El Morro Elementary School Rated A+
  • Gated with Attendant
  • Ocean Side of Highway 1

About This Home

As of July 2017

Rare and exceptional opportunity to purchase one of the few remaining original homes located in the exclusive private oceanfront community of Irvine Cove in Laguna Beach. Nestled amongst some of the most valuable real estate in Orange County, this classic mid-century single level home offers stunning ocean, whitewater and Catalina Island views and is situated just steps away from one of the world's finest stunning white sand beaches. Restore this classic home, or rebuild to create the estate of your dreams on a 12,600+ square foot lot on a quiet cul-de-sac. Residents of Irvine Cove enjoy living in a 24-hour guard-gated community with private beach, playground on the sand, private restrooms/showers, grassy park area, and two tennis courts. Only 110 homeowners have the privilege of calling this world-class destination "home"--don't miss this rare chance to become one of them!

Last Agent to Sell the Property

Dave Anderson

Harcourts Prime Properties License #01467171 Listed on: 12/01/2013

Harcourts Prime Properties

Last Buyer's Agent

David Anderson

Cook Realty License #01296255

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $114,297

Year Built

  • Built in 1962

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Irregular Lot

HOA Fees

  • $550 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • White Water Ocean
  • Catalina

Home Design

  • Bungalow
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,066 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Jack-and-Jill Bathroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • In Ground Pool
  • Beach Access
  • Ocean Side of Highway 1
  • Exterior Lighting

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 2818
  • Assessor Parcel Number 05331802

Community Details

Recreation

  • Community Playground

Additional Features

  • Picnic Area
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$114,297

Year Built

Built in 1962

Lot Details

0

HOA Fees

$550 per month

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Gated Community, Gated with Guard
  • Subdivision Name Other: Irvine Cove (IC)
  • View: Yes
  • Architectural Style: Bungalow
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05331802
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3066.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 1578.28
  • Room Type: Jack & Jill, Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Foundation: Slab
  • View: Catalina, Ocean, White Water
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Heating Type: Central
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Guard, Picnic Area, Playground
  • Association Fee: 550.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Lot Features: Cul-De-Sac, Irregular Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12632.00
  • Lot Size Acres: 0.2900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12632.0000 Square Feet
  • Number Of Units In Community: 110
  • Number Of Units Total: 110
  • Waterfront Features: Beach Access, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 28
  • Tax Tract Number: 2818

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2017
Closed on
Jul 19, 2017
Sold by
100 East California Avenue L L C
Bought by
St Norbert Llc
Seller's Agent
Harold Noriega
Compass
Buyer's Agent
Liana Norman
Coldwell Banker Realty
List Price
$9,995,000
Sold Price
$10,000,000
Premium/Discount to List
$5,000
0.05%
Current Estimated Value
$10,373,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,622
Avg. Annual Appreciation
0.49%

Purchase Details

Listed on
Dec 1, 2013
Closed on
Mar 5, 2014
Sold by
Foltz Suzanne Ellen and Foltz Janis Anne
Bought by
100 East California Avenue Llc
Seller's Agent
Dave Anderson
Harcourts Prime Properties
Buyer's Agent
Dave Anderson
Harcourts Prime Properties
List Price
$6,000,000
Sold Price
$4,839,000
Premium/Discount to List
-$1,161,000
-19.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.69%
Original Mortgage
$3,100,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2009
Sold by
Ckdd Management Llc
Bought by
Monaco Llc
Source: Public Records

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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 $10,000,000 Fidelity National Title Oran
Grant Deed $4,839,000 Title365
Grant Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,250,000 New Conventional
Previous Owner $5,000,000 New Conventional
Previous Owner $3,100,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2017 07/24/17 Sold $10,000,000 +0.1% $2,381 / Sq Ft
07/13/2017 07/13/17 For Sale $9,995,000 +106.6% $2,380 / Sq Ft
04/09/2014 04/09/14 Sold $4,839,000 -13.6% $1,578 / Sq Ft
03/03/2014 03/03/14 Pending -- -- --
02/10/2014 02/10/14 Price Changed $5,600,000 -6.7% $1,826 / Sq Ft
12/01/2013 12/01/13 For Sale $6,000,000 -- $1,957 / 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
2025 $114,297 $11,378,292 $9,923,962 $1,454,330
2024 $114,297 $11,155,189 $9,729,375 $1,425,814
2023 $111,975 $10,936,460 $9,538,603 $1,397,857
2022 $109,814 $10,722,020 $9,351,571 $1,370,449
2021 $107,652 $10,511,785 $9,168,207 $1,343,578
2020 $106,476 $10,404,000 $9,074,198 $1,329,802
2019 $104,625 $10,200,000 $8,896,272 $1,303,728
2018 $102,578 $10,000,000 $8,721,835 $1,278,165
2017 $61,798 $5,991,211 $4,846,021 $1,145,190
2016 $60,618 $5,873,737 $4,751,001 $1,122,736
2015 $50,286 $4,860,247 $4,679,637 $180,610
2014 $3,659 $280,239 $177,231 $103,008
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13252550

California Regional Multiple Listing Service (CRMLS)

APN: 053-318-02