NOT LISTED FOR SALE

2540 Irvine Cove Crescent Laguna Beach, CA 92651

Estimated Value: $6,773,000 - $12,298,248

4 Beds
4.5 Baths
-- Sq Ft
0.29 Acres

Last Sold November 16, 2012

Last sale price $3,420,000

Est. 164% increase in value since last sale

Current estimated payment $51,680/month

96 Days on Market

Highlights

  • White Water Ocean Views
  • Property has ocean access
  • Private Pool
  • El Morro Elementary School Rated A+
  • Gated with Attendant
  • Primary Bedroom Suite

About This Home

As of November 2012

Set amidst the exclusive 24-hour guard-gated oceanfront community of Irvine Cove lies the stunning 4 br, 4.5 ba estate. This custom built residence offers magnificent ocean & sunset views making home feel like a vacation getaway. Upon entrance to the spacious courtyard you are swept away by the tropical oasis environment highlighted by a beautiful colonnade, resort-like pool & spa and lush landscaping. Inside, you are greeted by the outstanding ocean views. Features include travertine marble flooring, wet bar, music system, 4 fireplaces & 3 car garage with gated auto court for additional parking. The privacy & exclusivity of Irvine Cove is unmatched in So Cal, making the area one of the most highly sought-after locations on the West Coast. With only 104 homesites, a private beach with surf break, 4 parks & tennis courts, the enclave of Irvine Cove is the premier place to call home.

Last Agent to Sell the Property

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 07/13/2012

Coldwell Banker Realty

Last Buyer's Agent

Dean Ledger

Emerald Bay Real Estate License #01154116

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,856

Year Built

  • Built in 1994 | Remodeled

Lot Details

  • 0.29 Acre Lot
  • Property fronts a private road

Parking

  • 3 Car Direct Access Garage
  • Carport
  • Parking Available
  • Auto Driveway Gate

Property Views

  • White Water Ocean
  • Hills

Home Design

  • Custom Home
  • Barrel Roof Shape
  • Stucco

Interior Spaces

  • Wet Bar
  • Skylights
  • Recessed Lighting
  • Double Pane Windows
  • Shutters
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room with Fireplace
  • Home Security System
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Freeway
  • Enclosed Patio or Porch

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 11619
  • Assessor Parcel Number 49619133

Community Details

Overview

  • Property has a Home Owners Association
  • Custom

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,856

Year Built

Built in 1994 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-717-4711
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Security: Gated with Guard, Security System
  • Subdivision Name Other: Irvine Cove
  • View: Yes
  • Architectural Style: Custom Built
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 49619133
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Recessed Lighting, Wet Bar
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Dining Room
  • Levels: Two
  • Room Type: Family Room, Foyer, Living Room, Master Suite, Walk-In Pantry
  • Spa Features: Private
  • Window Features: Double Pane Windows, Shutters, Skylight(s)
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • View: Hills, Ocean, Water, White Water
  • Fence: No
  • Patio And Porch Features: Enclosed
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Barrel
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Carport, Direct Garage Access
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 700.00
  • Phone: 999-9999
  • Senior Community: No

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 12770.00
  • Lot Size Acres: 0.2930

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12770.0000 Square Feet
  • Waterfront Features: Beach Access, Ocean Access, Ocean Side of Freeway

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 11619

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2012
Closed on
Sep 26, 2012
Sold by
Howard David and Pointer Howard Joan
Bought by
Ledger Emery Brett and Ledger Alison Elgin
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Dean Ledger
Emerald Bay Real Estate
List Price
$3,999,000
Sold Price
$3,420,000
Premium/Discount to List
-$579,000
-14.48%
Current Estimated Value
$9,029,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,609,812
Avg. Annual Appreciation
7.66%
Original Mortgage
$500,000
Interest Rate
3.33%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Ledger Emery Brett $3,420,000 Fnt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ledger Emery Brett $200,000
Open Ledger Emery Brett $2,400,000
Closed Ledger Emery Brett $500,000
Previous Owner Ledger Emery Brett $2,000,000
Previous Owner Howard David $765,000
Previous Owner Howard David $758,000
Previous Owner Howard David $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2012 11/16/12 Sold $3,420,000 -10.0% --
10/17/2012 10/17/12 Pending -- -- --
09/17/2012 09/17/12 Price Changed $3,799,000 -5.0% --
07/13/2012 07/13/12 For Sale $3,999,000 -- --
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 $42,856 $4,211,481 $3,075,392 $1,136,089
2024 $42,856 $4,128,903 $3,015,090 $1,113,813
2023 $42,170 $4,047,945 $2,955,971 $1,091,974
2022 $41,317 $3,968,574 $2,898,011 $1,070,563
2021 $40,465 $3,890,759 $2,841,187 $1,049,572
2020 $39,981 $3,850,865 $2,812,055 $1,038,810
2019 $39,270 $3,775,358 $2,756,916 $1,018,442
2018 $38,491 $3,701,332 $2,702,859 $998,473
2017 $37,716 $3,628,757 $2,649,861 $978,896
2016 $36,987 $3,557,605 $2,597,903 $959,702
2015 $36,417 $3,504,167 $2,558,880 $945,287
2014 $35,783 $3,435,526 $2,508,755 $926,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12002822

California Regional Multiple Listing Service (CRMLS)

APN: 496-191-33