NOT LISTED FOR SALE

Estimated Value: $6,859,000 - $9,274,422

5 Beds
3 Baths
3,800 Sq Ft
$2,084/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $3,050,000 $803 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $47,246/month

Highlights

  • Ocean View
  • Beach Access
  • Gated with Attendant
  • El Morro Elementary School Rated A+
  • Guest House
  • Ocean Side of Highway 1

About This Home

As of June 2016

Exceptional opportunity to lease a well located beach home with ocean views in the most prestigious area of lower Three Arch Bay. The main house consists of 4 bedrooms, 2.5 baths and provides an open floor plan. Living area features hardwood floors, mahogany paneling and a fireplace. The kitchen and dining areas also offer ocean views with French doors leading to a deck overlooking a private backyard. The family room also has large windows and offers easy access to the yard. The large, detached, ocean view guest house located over the garage includes a large bedroom with private bath. This is a rare find and is priced substantially under market for the prime season of the year. Three Arch Bay is a guard gated beach community that includes a private beach, play park for children, clubhouse, basketball and tennis courts. Truly an opportunity that won't last long! NOTE: This property is being leased unfurnished.

Last Agent to Rent the Property

Gwendolyn Gamble

Pacific Sotheby’s International Realty License #00880980 Listed on: 05/27/2016

Pacific Sotheby’s International Realty

Last Renter's Agent

Peter Grohmann

Coldwell Banker Realty License #01375219

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,225

Year Built

  • Built in 1937

Lot Details

  • 0.29 Acre Lot
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Custom Home

Interior Spaces

  • 3,800 Sq Ft Home
  • Beamed Ceilings
  • Cathedral Ceiling
  • Wood Burning Stove
  • French Doors
  • Sliding Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Bonus Room
  • Ocean Views
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Electric Oven
  • Built-In Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Outdoor Features

  • Beach Access
  • Ocean Side of Highway 1
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting

Additional Features

  • Guest House
  • Forced Air Heating System

Listing and Financial Details

  • Security Deposit $6,500
  • Available 6/1/16
  • Assessor Parcel Number 05617129

Community Details

Recreation

  • Tennis Courts
  • Sport Court

Additional Features

  • Property has a Home Owners Association
  • Clubhouse
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,225

Year Built

Built in 1937

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2016-06-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 6500
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Property Attached: No
  • Security: Gated Community, Gated with Guard
  • Subdivision Name Other: Three Arch Bay (TAB)
  • View: Yes
  • Architectural Style: Custom Built
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 05617129
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3800.00
  • Interior Amenities: Beamed Ceilings, Balcony, Cathedral Ceiling(s)
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: French Doors, Sliding Doors
  • Eating Area: Dining Room
  • Fireplace Features: Family Room, Living Room, Wood Stove Insert
  • Levels: Three Or More
  • Price Per Square Foot: 1.71
  • Room Type: Bonus Room, Den, Family Room, Galley Kitchen, Living Room, Master Bedroom, Main Floor Bedroom

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House
  • View: Ocean
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Electric Range, Disposal, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Guard, Sport Court, Tennis Court(s)
  • Senior Community: No
  • Community Features: Street Lights, Storm Drains

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 12502.00
  • Price Per Lot Square Foot: 0.52

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: Negotiable
  • Waterfront Features: Beach Access, Ocean Side Of Highway 1, Ocean Side of Freeway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2014
Closed on
Jul 8, 2014
Sold by
Austin Bonnie Bray
Bought by
Pasin Family Living Trust
Seller's Agent
Gwendolyn Gamble
Pacific Sotheby’s International Realty
Buyer's Agent
Joshua McIntire
McIntire Real Estate
List Price
$3,650,000
Sold Price
$3,050,000
Premium/Discount to List
-$600,000
-16.44%
Current Estimated Value
$7,918,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,868,356
Avg. Annual Appreciation
7.73%
Original Mortgage
$2,400,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 9, 2008
Sold by
Bray Joseph H
Bought by
Bray Joseph H and The Bray 1975 Trust

Purchase Details

Closed on
Dec 29, 1996
Sold by
Coen James Mcauley and Coen Runa Ann
Bought by
Coen Scott Fraser

Purchase Details

Closed on
Nov 22, 1995
Sold by
Bray Joseph H
Bought by
Bray Joseph H and Bray Elizabeth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.48%
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
Pasin Family Living Trust $3,050,000 Chicago Title Company
Bray Joseph H -- None Available
Coen Scott Fraser -- --
Bray Joseph H -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pasin Erik $3,300,000
Closed Pasin Erik $2,900,000
Closed Pasin Family Living Trust $2,400,000
Previous Owner Bray Joseph H $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2016 06/01/16 Rented $6,500 0.0% --
05/27/2016 05/27/16 For Rent $6,500 0.0% --
07/31/2014 07/31/14 Sold $3,050,000 -9.0% $913 / Sq Ft
07/01/2014 07/01/14 Pending -- -- --
06/02/2014 06/02/14 Price Changed $3,350,000 -8.2% $1,003 / Sq Ft
03/31/2014 03/31/14 For Sale $3,650,000 -- $1,093 / 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 $53,225 $4,985,639 $3,435,989 $1,549,650
2024 $53,225 $4,887,882 $3,368,617 $1,519,265
2023 $51,043 $4,792,042 $3,302,566 $1,489,476
2022 $49,662 $4,698,081 $3,237,810 $1,460,271
2021 $48,970 $4,605,962 $3,174,323 $1,431,639
2020 $48,437 $4,558,734 $3,141,774 $1,416,960
2019 $45,564 $4,321,231 $3,080,171 $1,241,060
2018 $36,192 $3,421,923 $3,019,776 $402,147
2017 $33,594 $3,158,442 $2,960,565 $197,877
2016 $32,967 $3,096,512 $2,902,514 $193,998
2015 $32,330 $3,050,000 $2,858,916 $191,084
2014 $3,482 $225,921 $117,660 $108,261
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG16114168

California Regional Multiple Listing Service (CRMLS)

APN: 056-171-29