NOT LISTED FOR SALE

Estimated Value: $3,778,000 - $5,164,000

5 Beds
3 Baths
2,064 Sq Ft
$2,141/Sq Ft Est. Value

Last Sold December 05, 2022

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

Est. 18% increase in value since last sale

Current estimated payment $26,531/month

34 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Wood Flooring
  • El Morro Elementary School Rated A+
  • Across the Road from Lake or Ocean
  • No HOA

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!

Both homes have air conditioning

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.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 4,500 Sq Ft Lot
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Attached Garage
  • 2 Open Parking Spaces

Property Views

  • Ocean
  • Peek-A-Boo

Interior Spaces

  • 2,064 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms

Location

  • Across the Road from Lake or Ocean

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 22 / I
  • Tax Tract Number 481
  • Assessor Parcel Number 05314405

Community Details

Overview

  • No Home Owners Association
  • North Laguna Subdivision

Recreation

  • Golf Course Community
  • Dog Park
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: North Laguna (NL)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05314405
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2064.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: One, Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1816.86
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Ocean, Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Golf, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4500.00
  • Lot Size Acres: 0.1033

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4500.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • Tax Block: I
  • 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
17
Current Estimated Value
$4,418,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$668,344
Avg. Annual Appreciation
5.49%
Original Mortgage
$1,750,000
Outstanding Balance
$1,689,829
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$2,728,515

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

Listed on
Oct 11, 2014
Closed on
Dec 3, 2014
Sold by
Mozayeni Abdul and Mozayeni Maryam R
Bought by
Livingston Properties Partnership 252-25
Seller's Agent
Abdul Mozayeni
Coastline Real Estate
Buyer's Agent
Danielle Purcell
Team Laguna Inc
List Price
$2,750,000
Sold Price
$2,475,000
Premium/Discount to List
-$275,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.38%

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
$1,198,500
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 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 List to Sale Price per Sq Ft Prior Sale
12/05/2022 12/05/22 Sold $3,750,000 -6.1% $1,817 / Sq Ft
11/04/2022 11/04/22 Pending -- -- --
10/01/2022 10/01/22 For Sale $3,995,000 0.0% $1,936 / Sq Ft
03/22/2022 03/22/22 Rented $12,500 0.0% --
11/11/2021 11/11/21 For Rent $12,500 +941.7% --
09/23/2021 09/23/21 Rented $1,200 -90.4% --
08/10/2021 08/10/21 For Rent $12,500 0.0% --
08/09/2021 08/09/21 Rented $12,500 -16.7% --
06/30/2021 06/30/21 Price Changed $15,000 +20.0% $12 / Sq Ft
06/29/2021 06/29/21 For Rent $12,500 -16.7% --
06/29/2021 06/29/21 Rented $15,000 +20.0% --
05/20/2021 05/20/21 For Rent $12,500 -16.7% --
05/20/2021 05/20/21 Rented $15,000 +50.0% --
04/21/2021 04/21/21 For Rent $10,000 -33.3% --
04/13/2021 04/13/21 Rented $15,000 +20.0% --
04/12/2021 04/12/21 Price Changed $12,500 +25.0% $10 / Sq Ft
02/11/2021 02/11/21 For Rent $10,000 0.0% --
02/10/2021 02/10/21 Rented $10,000 +11.2% --
01/13/2021 01/13/21 Price Changed $8,995 -10.1% $7 / Sq Ft
01/04/2021 01/04/21 For Rent $10,000 0.0% --
01/04/2021 01/04/21 Rented $10,000 0.0% --
12/13/2020 12/13/20 For Rent $10,000 0.0% --
12/13/2020 12/13/20 Rented $10,000 0.0% --
09/13/2020 09/13/20 For Rent $10,000 +25.0% --
09/09/2020 09/09/20 Rented $8,000 -20.0% --
08/09/2020 08/09/20 For Rent $10,000 0.0% --
12/12/2014 12/12/14 Sold $2,475,000 -10.0% $1,127 / Sq Ft View Prior Sale
12/01/2014 12/01/14 Pending -- -- --
10/10/2014 10/10/14 For Sale $2,750,000 -- $1,252 / 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: LG22203122

California Regional Multiple Listing Service (CRMLS)

APN: 053-144-05