NOT LISTED FOR SALE

Estimated Value: $4,115,000 - $4,531,000

5 Beds
3 Baths
2,064 Sq Ft
$2,106/Sq Ft Est. Value

Last Sold December 05, 2022

Last sale price $3,750,000 $1,817 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $26,203/month

35 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • Main Floor Primary Bedroom
  • El Morro Elementary School Rated A+
  • Wood Flooring
  • Lawn

About This Home

As of December 2022

252/254 Wave St Two chic cottages with modern design, contemporary comfort, and the luxury of North Laguna living. They are remodeled and ready to provide an amazing beach lifestyle. Only a walk away from shops, galleries, restaurants and the renowned Crescent Bay and Shaw’s Cove beaches. They both have generous ocean views and cottage charm, and share high-quality refinements such as open floorplans, high ceilings with exposed beams, custom-built cabinetry, exquisite stone tile, and gorgeous white oak flooring throughout. The front house features a spacious kitchen and great room area with folding glass wall that opens to a front patio and rose garden equally suited to lounging and entertaining, as well as a 2-car garage. The back house, situated above the detached garage area, features an open kitchen and living room area, a deck offering still more ocean scenery to complement the view from the living room, and its own 1-car garage. For added convenience, each house has its own separate laundry room. This two-in-one treasure can be yours to live in as a private compound, to live in with its own detached rental, or to rent out as two separate units. So rarely do choices present themselves with such style, splendor, and excellence of location—make this myriad of possibilities your own!

Last Agent to Sell the Property

Danielle Purcell

Team Laguna Inc License #01063725 Listed on: 10/01/2022

Last Buyer's Agent

Kathy Fallon

Surterre Properties Inc. License #01428911

Surterre Properties Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,580

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 4,500 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Sprinkler System
  • Lawn
  • Front Yard

Parking

  • 3 Car Garage
  • 1 Open Parking Space
  • Parking Available

Property Views

  • Ocean
  • Neighborhood

Home Design

  • Duplex

Interior Spaces

  • 2,064 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Six Burner Stove
  • Gas Cooktop
  • Free-Standing Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Water Softener

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 481
  • Assessor Parcel Number 05314405

Community Details

Overview

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

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,580

Year Built

Built in 1954 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 1997500
  • Property Attached: No
  • Subdivision Name Other: North Laguna (NL)
  • View: Yes
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 05314405
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One, Two
  • Price Per Square Foot: 1816.86
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • View: Neighborhood, Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Free-Standing Range, Gas Cooktop, Tankless Water Heater, Water Softener
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Sprinkler System
  • Lot Size Sq Ft: 4500.00
  • Lot Size Acres: 0.1033

Multi Family

  • Lot Size Area: 4500.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 626.04
  • Tax Lot: 22
  • Tax Tract Number: 481

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2022
Closed on
Nov 14, 2022
Sold by
Tbt Family Trust
Bought by
Bailey Family Trust
Seller's Agent
Danielle Purcell
Team Laguna Inc
Buyer's Agent
Kathy Fallon
Surterre Properties Inc.
List Price
$3,995,000
Sold Price
$3,750,000
Premium/Discount to List
-$245,000
-6.13%
Views
12
Current Estimated Value
$4,168,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,116
Avg. Annual Appreciation
3.65%
Original Mortgage
$1,750,000
Outstanding Balance
$1,699,372
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$2,429,304

Purchase Details

Closed on
Oct 22, 2019
Sold by
Singarella Paul Noel
Bought by
Singarella Paul Noel

Purchase Details

Closed on
Jul 15, 2019
Sold by
252 254 Wave Llc
Bought by
Singarella Paul Noel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,241,034
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 3, 2014
Sold by
Mozayeni Abdul and Mozayeni Maryam R
Bought by
Livingston Properties Partnership 252-25

Purchase Details

Closed on
Jun 16, 2014
Sold by
Mozayeni Abdul
Bought by
Mozayeni Abdul and Mozayeni Maryam R

Purchase Details

Closed on
Feb 21, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Mozayeni Abdul

Purchase Details

Closed on
Feb 20, 2013
Sold by
Aurora Loan Services Llc
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Aug 7, 2012
Sold by
Gonzalez Edgart F
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Mar 21, 2006
Sold by
Samano Alma E
Bought by
Gonzalez Edgart F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 17, 2004
Sold by
Samano Alma E
Bought by
Gonzalez Edgart F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2004
Sold by
Prentice Bryant H
Bought by
Gonzalez Edgart F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2004
Sold by
Piaskowski James
Bought by
Prentice Bryant H
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
Bailey Family Trust $3,750,000 Lawyers Title
Singarella Paul Noel -- None Available
Singarella Paul Noel $2,490,500 Lawyers Title
Livingston Properties Partnership 252-25 $2,475,000 North American Title
Mozayeni Abdul -- First American Title Company
Mozayeni Abdul $974,000 First American Title Company
Nationstar Mortgage Llc -- First American Title Company
Aurora Loan Services Llc $1,641,321 Accommodation
Gonzalez Edgart F -- Chicago Title Co
Gonzalez Edgart F -- Stewart Title Company
Gonzalez Edgart F $1,250,000 Stewart Title Company
Prentice Bryant H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Family Trust $1,750,000
Previous Owner Singarella Paul Noel $2,241,034
Previous Owner Gonzalez Edgar F $340,000
Previous Owner Gonzalez Edgart F $200,000
Previous Owner Gonzalez Edgart F $1,198,500
Previous Owner Gonzalez Edgart F $812,500
Closed Gonzalez Edgart F $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2022 12/05/22 Sold $3,750,000 -6.1% $1,817 / Sq Ft
10/01/2022 10/01/22 For Sale $3,995,000 -- $1,936 / 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 $40,580 $3,901,500 $3,537,360 $364,140
2024 $40,580 $3,825,000 $3,468,000 $357,000
2023 $40,104 $3,750,000 $3,400,000 $350,000
2022 $28,003 $2,566,436 $2,238,000 $328,436
2021 $27,297 $2,516,114 $2,194,117 $321,997
2020 $26,905 $2,490,315 $2,171,619 $318,696
2019 $28,757 $2,666,541 $2,360,984 $305,557
2018 $28,172 $2,614,256 $2,314,690 $299,566
2017 $27,586 $2,562,997 $2,269,304 $293,693
2016 $27,034 $2,512,743 $2,224,808 $287,935
2015 $26,596 $2,475,000 $2,191,390 $283,610
2014 $11,325 $978,296 $878,550 $99,746
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG22203099

California Regional Multiple Listing Service (CRMLS)

APN: 053-144-05