NOT LISTED FOR SALE

Estimated Value: $2,672,000 - $3,898,807

2 Beds
2 Baths
1,200 Sq Ft
$600/mo HOA Fee

Last Sold May 10, 2013

Last sale price $1,550,000 $1,292 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $20,728/month

59 Days on Market

Highlights

  • Marina
  • Ocean View
  • Private Pool
  • Harbor View Elementary School Rated A
  • Boat Dock
  • 4-minute walk to Lookout Point

About This Home

As of May 2013

Enjoy luxury bayfront living at its finest with spectacular ocean, harbor, and Catalina Island views.
This stunning 2 bedroom, 2 bath, 1200 sq. ft Channel Reef condo is true perfection.
The casually elegant interiors have been totally updated, remodeled and professionally designed with impeccable style, a warm color palette, and attention to every detail. Pristine condition.
The kitchen features exquisite custom cabinetry (Sedgua), Caesar stone counter tops, stainless steel appliances, and travertine floors. All bathrooms have been beautifully updated. All closets have built-ins, living room sliders open (stack back) for full waterfront indoor/outdoor living!
Entertain while enjoying views from all rooms or relax while capturing breathtaking sunsets.
Amenities for this exclusive gated community include: Gated access, new exterior renovations of Channel Reef building (almost completed), bayfront heated salt water pool, spa, barbecues, storage area, trash paid, on-site manager, and resident boat slips (based on availability).

Last Agent to Sell the Property

Dana Zusman

Surterre Properties License #01084905 Listed on: 03/05/2013

Surterre Properties

Last Buyer's Agent

Dana Zusman

Surterre Properties License #01084905 Listed on: 03/05/2013

Surterre Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,847

Year Built

  • Built in 1963

Lot Details

  • 23

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Property Views

  • Ocean
  • Marina
  • Coastline
  • Bay
  • Harbor
  • Catalina
  • Panoramic

Home Design

  • 1,200 Sq Ft Home
  • Planned Development

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Pool

  • Private Pool
  • Spa

Additional Features

  • Two or More Common Walls
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 89525033

Community Details

Overview

  • 48 Units

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Community Storage Space

Recreation

  • Boat Dock
  • Marina
  • Community Pool
  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,847

Year Built

Built in 1963

Lot Details

0

HOA Fees

$600 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Automatic Gate, Gated Community, Resident Manager
  • Subdivision Name Other: Channel Reef (CREF)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 89525033
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1200.00
  • Common Walls: 2+ Common Walls
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Price Per Square Foot: 1291.67
  • Room Type: All Bedrooms Down
  • Spa Features: Association

Exterior Features

  • View: Bay, Catalina, Coastline, Harbor, Marina, Ocean, Panoramic, Water
  • Pool Features: Association
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Electric
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Dock, Outdoor Cooking Area, Pets Not Permitted, Pool, Sewer, Spa/Hot Tub, Storage, Trash
  • Association Fee: 600.00
  • Association Fee Frequency: Monthly
  • Senior Community: No

Lot Info

  • Lot Features: Planned Unit Development
  • Lot Size Sq Ft: 999999.00
  • Lot Size Acres: 22.9570

Multi Family

  • Lease Considered: No
  • Lot Size Area: 999999.0000 Square Feet
  • Number Of Units In Community: 48
  • Number Of Units Total: 48
  • Waterfront Features: Marina in Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2019
Sold by
Melzer William Jeffrey and Melzer Katharine J
Bought by
Jka Capital Management Llc
Total Days on Market
59
Current Estimated Value
$3,276,202

Purchase Details

Closed on
Sep 17, 2019
Sold by
Guttshall Elizabeth S
Bought by
Melzer William Jeffrey and Melzer Katharine J

Purchase Details

Listed on
Mar 5, 2013
Closed on
May 7, 2013
Sold by
Paulsen Timothy J and Paulsen Donna
Bought by
William C Melzer 1999 Qualified Personal
Seller's Agent
Dana Zusman
Surterre Properties
Buyer's Agent
Dana Zusman
Surterre Properties
List Price
$1,675,000
Sold Price
$1,550,000
Premium/Discount to List
-$125,000
-7.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%

Purchase Details

Closed on
Sep 10, 2008
Sold by
Paulsen Timothy J and Paulsen Donna
Bought by
Paulsen Timothy J and Paulsen Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2002
Sold by
Heatherly Patricia
Bought by
Riffel Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Jka Capital Management Llc -- None Available
Melzer William Jeffrey -- None Available
William C Melzer 1999 Qualified Personal $1,500,000 None Available
Paulsen Timothy J -- Accommodation
Paulsen Timothy J -- California Title Company
Riffel Paul A $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paulsen Timothy J $0
Previous Owner Paulsen Timothy J $629,000
Previous Owner Paulsen Timothy J $625,500
Previous Owner Paulsen Timothy J $695,000
Previous Owner Riffel Paul A $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2013 05/10/13 Sold $1,550,000 -7.5% $1,292 / Sq Ft
03/05/2013 03/05/13 For Sale $1,675,000 -- $1,396 / 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 $20,847 $1,944,313 $1,716,540 $227,773
2023 $20,358 $1,906,190 $1,682,883 $223,307
2022 $20,020 $1,868,814 $1,649,885 $218,929
2021 $19,637 $1,832,171 $1,617,534 $214,637
2020 $19,448 $1,813,385 $1,600,948 $212,437
2019 $17,764 $1,655,858 $1,445,378 $210,480
2018 $17,411 $1,623,391 $1,417,038 $206,353
2017 $17,104 $1,591,560 $1,389,253 $202,307
2016 $16,720 $1,560,353 $1,362,012 $198,341
2015 $16,563 $1,536,916 $1,341,554 $195,362
2014 $16,173 $1,506,810 $1,315,274 $191,536
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG13042523

California Regional Multiple Listing Service (CRMLS)

APN: 895-250-33