NOT LISTED FOR SALE

261 Emerald Bay Laguna Beach, CA 92651

Emerald Bay Neighborhood

Estimated Value: $6,272,878 - $7,843,000

4 Beds
4 Baths
3,063 Sq Ft
$2,238/Sq Ft Est. Value

Last Sold November 24, 2014

Last sale price $3,851,250 $1,257 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $39,959/month

219 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • Updated Kitchen
  • El Morro Elementary School Rated A+
  • Filtered Pool
  • Open Floorplan

About This Home

As of November 2014

A beautiful and very charming single level home overlooking the ocean and Catalina sunsets with views from almost every room.
An enclosed private yard and English garden partially surrounds the home with a lower level garage with built ins. washer/dryer and sink, an office, small bedroom with a bathroom and ample storage space.

The main floor consists of a Formal Living and Dining Room with Old World pocket doors overlooking the brick courtyard and ocean , a spacious family style kitchen, eating area, bar and a very lovely family room with a wood burning fireplace, all with views to the ocean and great natural light. Hardwood floors throughout the main living areas and carpet in the bedrooms.

The Master Bedroom has a fireplace, walk in cedar closets and a spacious bathroom with spa tub and over sized shower with dual shower heads.
His and her sinks and a separate vanity/make up area.

Two additional bedrooms, one with a private shower/ toilet and basin plus a guest/powder room with shower and tub. A small office with built in cabinets is adjacent to the master Bedroom..

Last Agent to Sell the Property

Patty Patterson

DOUGLAS ELLIMAN OF CALIFORNIA, INC. License #01217436 Listed on: 08/17/2014

DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Last Buyer's Agent

Jennifer Steele

Coldwell Banker Realty License #00946265

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1936

Lot Details

  • 4,356 Sq Ft Lot
  • Southwest Facing Home
  • Fenced
  • Fence is in excellent condition
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Lawn
  • Garden
  • Front Yard

HOA Fees

  • $590 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Catalina
  • Hills

Home Design

  • English Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,063 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Bar
  • Crown Molding
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Shutters
  • Drapes & Rods
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Dining Room with Fireplace
  • Home Office
  • Carpet

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Convection Oven
  • Gas Oven
  • Gas Range
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • Filtered Pool
  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Patio
  • Rain Gutters
  • Wrap Around Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 977
  • Assessor Parcel Number 05307302

Community Details

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • 24-Hour Security

Home Details

Home Type

Single Family

Year Built

Built in 1936

Lot Details

0

HOA Fees

$590 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security, Gated Community, Gated with Guard, Guarded
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Architectural Style: English
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05307302
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3063.00
  • Interior Amenities: Bar, Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar, Family Kitchen, In Family Room, Dining Room
  • Fireplace Features: Dining Room, Family Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 1257.35
  • Room Type: Master Bedroom, Separate Family Room, Office
  • Spa Features: Association, In Ground
  • Window Features: Drapes, Shutters, Skylight(s)
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Direction Faces: Southwest
  • Exterior Features: Rain Gutters
  • View: Catalina, Hills, Ocean
  • Fence: Yes
  • Fencing: Excellent Condition
  • Patio And Porch Features: Brick, Deck, Wrap Around
  • Pool Features: Community, Filtered, Heated, In Ground
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Double Oven, Dishwasher, Disposal, Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 590.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Front Yard, Garden, Lawn, Landscaped, Corner Lot, Sprinkler System
  • Lot Size Sq Ft: 4356.00
  • Lot Size Acres: 0.1000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4356.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 31
  • Tax Tract Number: 977

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2014
Closed on
Oct 30, 2014
Sold by
Caffey Jay and Ruttenberg Edward A
Bought by
Steele Jennifer A and Jennifer Steele 2005 Revocable Trust
Seller's Agent
Patty Patterson
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Buyer's Agent
Jennifer Steele
Coldwell Banker Realty
List Price
$4,300,000
Sold Price
$3,851,250
Premium/Discount to List
-$448,750
-10.44%
Current Estimated Value
$6,854,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,003,720
Avg. Annual Appreciation
5.30%
Original Mortgage
$2,000,000
Outstanding Balance
$1,473,561
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,381,409

Purchase Details

Closed on
Feb 27, 2003
Sold by
Caffey Suzanne
Bought by
Caffey Suzanne and The Suzanne Caffey Trust

Purchase Details

Closed on
Dec 1, 1994
Sold by
Caffey Benjamin F and Caffey Suzanne
Bought by
Caffey Benjamin F and Caffey Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,700
Interest Rate
9.1%
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
Steele Jennifer A $3,851,500 Chicago Title Company
Caffey Suzanne -- Orange Coast Title Company
Caffey Benjamin F -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steele Jennifer A $2,000,000
Previous Owner Caffey Benjamin F $918,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2014 11/24/14 Sold $3,851,250 -2.5% $1,257 / Sq Ft
09/20/2014 09/20/14 Pending -- -- --
09/11/2014 09/11/14 Price Changed $3,950,000 -8.1% $1,290 / Sq Ft
08/17/2014 08/17/14 For Sale $4,300,000 +11.7% $1,404 / Sq Ft
07/17/2014 07/17/14 Off Market $3,851,250 -- --
07/17/2014 07/17/14 For Sale $4,300,000 +11.7% $1,404 / Sq Ft
04/02/2014 04/02/14 Off Market $3,851,250 -- --
02/13/2014 02/13/14 For Sale $4,300,000 -- $1,404 / 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 $46,543 $4,678,644 $4,419,691 $258,953
2024 $46,543 $4,586,906 $4,333,030 $253,876
2023 $45,475 $4,496,967 $4,248,068 $248,899
2022 $44,621 $4,408,792 $4,164,773 $244,019
2021 $43,297 $4,276,133 $4,083,111 $193,022
2020 $42,850 $4,232,287 $4,041,244 $191,043
2019 $42,114 $4,149,301 $3,962,003 $187,298
2018 $41,294 $4,067,943 $3,884,317 $183,626
2017 $40,484 $3,988,180 $3,808,154 $180,026
2016 $39,736 $3,909,981 $3,733,484 $176,497
2015 $39,204 $3,851,250 $3,677,404 $173,846
2014 $19,033 $1,874,627 $1,694,525 $180,102
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Patty Patterson

    DOUGLAS ELLIMAN OF CALIFORNIA, INC.

    Section Image

  • J

    Buyer's Agent in 2014

    Jennifer Steele

    Coldwell Banker Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG14036324

California Regional Multiple Listing Service (CRMLS)

APN: 053-073-02

California Orange County Laguna Beach 92651 Emerald Bay

261 Emerald Bay, Laguna Beach, CA

Not Listed for Sale

Detached

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