NOT LISTED FOR SALE

Estimated Value: $4,054,000 - $11,767,316

4 Beds
5 Baths
5,600 Sq Ft
$1,538/Sq Ft Est. Value

Last Sold November 20, 2018

Last sale price $7,700,000 $1,375 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $54,537/month

Highlights

  • Ocean Front
  • Beach Access
  • Primary Bedroom Suite
  • El Morro Elementary School Rated A+
  • Wine Cellar
  • 5-minute walk to Village Green

About This Home

As of November 2018

Oceanfront! Incredible opportunity and a tremendous value! Over 5000 sqft of living space nestled on an approximate 12,000 sqft bluff top lot with access to the beach below. Situated on a quiet cul-de-sac amongst a series of high caliber homes and in the heart of the South Laguna district. Contemporary styling brings a series of open layout levels with soaring two story ceilings, tiers of living spaces, and all with stunning vantage points of the white water below. An updated kitchen provides solid surface counters, generous island space and professional grade appliances that include double Subzero refrigerators, Viking cooktop, double ovens and a separate two-burner cooktop. Adjacent to the kitchen is a separate formal dining area. Varying access points give way to the lowest level terrace spaces hosting incredible vistas and serenity. With the rare oversized oceanfront lot, there is ample grounds around the home for enjoying outdoor activities, gardening and privacy. The top level is an inspiring area for entertaining with library, wet bar and multiple gathering spaces with 'eagle nest' vantage point views. A generous sized master suite offers dramatic ocean views, fireplace, oversized walk-in closet and spa quality master bath with steam shower. Also amongst the lowest level is a private wine storage room with tasting nook.

Last Agent to Sell the Property

Sean Stanfield

Pacific Sotheby's Int'l Realty License #01024996 Listed on: 11/20/2018

Pacific Sotheby's Int'l Realty

Co-Listed By

Seth Nelson

DOUGLAS ELLIMAN OF CALIFORNIA, INC. License #01922241

Last Buyer's Agent

Dave Csira

CSIRA Properties Inc. License #01491451

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,715

Year Built

  • Built in 1981

Lot Details

  • 0.29 Acre Lot
  • Ocean Front
  • Cul-De-Sac

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Property Views

  • White Water Ocean
  • Coastline
  • Catalina

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,600 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar
  • Two Story Ceilings
  • Gas Fireplace
  • Entrance Foyer
  • Wine Cellar
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Library
  • Loft
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Convection Oven
  • Six Burner Stove
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite

Outdoor Features

  • Beach Access
  • Balcony
  • Deck
  • Patio
  • Terrace

Utilities

  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • Controlled Access

Listing and Financial Details

  • Tax Lot 52
  • Tax Tract Number 10027
  • Assessor Parcel Number 65809252

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,715

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: South Laguna Bluffs (SLB)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 65809252
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5600.00 Square Feet
  • Interior Amenities: Balcony, Bar, Built-in Features, Granite Counters, High Ceilings, Open Floorplan, Sunken Living Room, Two Story Ceilings, Wet Bar
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Living Room, Master Bedroom, Gas
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1375.00
  • Room Type: Foyer, Great Room, Kitchen, Laundry, Library, Living Room, Loft, Main Floor Bedroom, Master Suite, Office, Wine Cellar
  • Room Kitchen Features: Granite Counters, Kitchen Island, Remodeled Kitchen, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Catalina, Coastline, Ocean, White Water
  • Patio And Porch Features: Deck, Patio, Terrace
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Convection Oven, Dishwasher, Double Oven, Disposal, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Controlled Access
  • Phone: 1234567890
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 12600.00
  • Lot Size Acres: 0.2893

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12600.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Front

Tax Info

  • Tax Census Tract: 423.05
  • Tax Lot: 52
  • Tax Tract Number: 10027

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2018
Sold by
Bakken Robert A and Bakken Linda S
Bought by
Patel Praful C and Patel Shila P
Current Estimated Value
$8,610,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 4, 2013
Sold by
Bakken Robert A and Bakken Linda S
Bought by
Bakken Robert A and Bakken Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2000
Sold by
Linda Bakken
Bought by
Bakken Robert A and Bakken Linda S

Purchase Details

Closed on
Jan 14, 2000
Sold by
Robert Bakken and Robert Linda
Bought by
Bakken Robert A and Bakken Linda S

Purchase Details

Closed on
Jan 5, 2000
Sold by
Bakken Robert & Linda & Bakken Trust
Bought by
Bakken Robert A and Bakken Linda S

Purchase Details

Closed on
Jun 24, 1999
Sold by
Novena
Bought by
Bakken Robert and Bakken Linda

Purchase Details

Closed on
May 1, 1998
Sold by
United State District Court
Bought by
Novena Inc
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
Patel Praful C $7,700,000 Lawyers Title
Bakken Robert A -- Lawyers Title
Bakken Robert A -- Lawyers Title
Bakken Robert A -- --
Bakken Robert A -- --
Bakken Robert A -- --
Bakken Robert A -- --
Bakken Robert $2,300,000 Lawyers Title Company
Novena Inc -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Praful C $500,000
Previous Owner Patel Praful C $5,000,000
Previous Owner Bakken Robert A $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2018 11/20/18 Sold $7,700,000 0.0% $1,375 / Sq Ft
11/20/2018 11/20/18 Pending -- -- --
11/20/2018 11/20/18 For Sale $7,700,000 0.0% $1,375 / Sq Ft
12/01/2013 12/01/13 Rented $11,900 -33.9% --
11/05/2013 11/05/13 Under Contract -- -- --
05/09/2013 05/09/13 For Rent $18,000 -- --
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 $88,715 $8,589,495 $7,067,182 $1,522,313
2024 $88,715 $8,421,074 $6,928,610 $1,492,464
2023 $86,562 $8,255,955 $6,792,755 $1,463,200
2022 $84,815 $8,094,074 $6,659,564 $1,434,510
2021 $83,173 $7,935,367 $6,528,984 $1,406,383
2020 $82,151 $7,854,000 $6,462,037 $1,391,963
2019 $80,585 $7,700,000 $6,335,330 $1,364,670
2018 $33,792 $3,156,093 $2,055,003 $1,101,090
2017 $32,997 $3,094,209 $2,014,709 $1,079,500
2016 $32,840 $3,033,539 $1,975,205 $1,058,334
2015 $31,802 $2,987,973 $1,945,536 $1,042,437
2014 $31,237 $2,929,443 $1,907,425 $1,022,018
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18277406

California Regional Multiple Listing Service (CRMLS)

APN: 658-092-52