NOT LISTED FOR SALE

Estimated Value: $4,643,000 - $5,230,000

3 Beds
3.5 Baths
2,852 Sq Ft
$1,767/Sq Ft Est. Value

Last Sold July 21, 2020

Last sale price $2,855,764 $1,001 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $30,352/month

Highlights

  • White Water Ocean Views
  • Spa
  • Outdoor Fireplace
  • Moulton Elementary Rated A
  • Primary Bedroom Suite
  • Main Floor Bedroom

About This Home

As of July 2020

Situated on a premium lot in MONARCH BAY TERRACE, this coastal gem boasts breathtaking and panoramic ocean to white water views from all main rooms including Catalina Island sunset views and views to Palos Verdes. The gated courtyard entry leads you to serene and secluded garden areas with Koi pond, landscape lighting and room for a pool. The amazing ocean views are framed by large windows and glass front doors as you enter the large foyer of this custom remodeled beach house. This sprawling and expanded one story includes 3 Bedrooms, Den/office/4th bedroom, 3 baths, family room, living room and large dining room with an open design to frame the spectacular ocean view. The remodeled Chef's Kitchen with granite counters, custom cabinetry, island, and stainless steel appliances opens to the large dining room and to the ocean view. The living room complete with fireplace and wine cellar is open to the family room--all with ocean views. The master suite spotlights the ocean view and features a luxurious bath with dual vanities. Special features include slate and hardwood flooring, attic cooling fan, inside laundry with large pantry and back yard spa. The fun and festive back yard and spacious deck welcomes you to enjoy the sweeping ocean view and to entertain a crowd with outdoor kitchen and pizza oven, outdoor fireplace and built in seating areas. Escape to your own BEACH HAVEN capturing stunning ocean views in a tranquil and timeless setting.

Last Agent to Sell the Property

Connie McKibban

Berkshire Hathaway HomeService License #00461898 Listed on: 07/16/2020

Berkshire Hathaway HomeService

Last Buyer's Agent

Don Abrams

Abrams Coastal Properties License #01234323

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,368

Year Built

  • Built in 1971

Lot Details

  • 0.3 Acre Lot
  • Density is up to 1 Unit/Acre

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic

Home Design

  • Planned Development

Interior Spaces

  • 2,852 Sq Ft Home
  • 1-Story Property
  • Formal Entry
  • Family Room
  • Living Room with Fireplace
  • Den
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Outdoor Features

  • Spa
  • Outdoor Fireplace
  • Exterior Lighting

Utilities

  • Whole House Fan

Community Details

  • Monarch Bay Terrance Association, Phone Number (949) 582-7770
  • Progressive HOA
  • Monarch Bay Terrace Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 3845
  • Assessor Parcel Number 67006402

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,368

Year Built

Built in 1971

Lot Details

0

HOA Fees

$29 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Monarch Bay Terrace (MBT)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 67006402
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2852.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Outside
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1001.32
  • Room Type: All Bedrooms Down, Den, Entry, Family Room, Formal Entry, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Private

Exterior Features

  • View: Catalina, Coastline, Ocean, Panoramic, White Water
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 350.00
  • Association Fee Frequency: Annually
  • Association Name: Monarch Bay Terrance
  • Phone: 949-582-7770
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks, Street Lights
  • Association Management: Progressive

Schools

  • School District: Capistrano Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13180.00
  • Lot Size Acres: 0.3026

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13180.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 423.24
  • Tax Lot: 5
  • Tax Tract Number: 3845

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2020
Sold by
Cross Jack A and Cross Linda G
Bought by
Perera Utica Project Lp
Current Estimated Value
$5,039,490

Purchase Details

Closed on
Sep 28, 2012
Sold by
Cross Jack A and Cross Linda G
Bought by
Cross Jack A and Cross Linda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2003
Sold by
Cross Jack A and Cross Linda G
Bought by
Cross Jack A and Cross Linda G

Purchase Details

Closed on
Jul 14, 2001
Sold by
Larue John C
Bought by
Cross Jack A and Cross Linda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.62%

Purchase Details

Closed on
Apr 29, 1996
Sold by
Larue Fritzia
Bought by
Larue John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.97%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 23, 1996
Sold by
Harp Lloyd M and Harp Elsie E
Bought by
Larue John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.97%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 6, 1994
Sold by
Harp Lloyd M and Harp Elsie E
Bought by
Harp Lloyd M and Harp Elsie E
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
Perera Utica Project Lp $2,856,000 California Title Company
Cross Jack A -- Title365 Company
Cross Jack A -- Accommodation
Cross Jack A -- Title365 Company
Cross Jack A -- --
Cross Jack A $1,070,000 Chicago Title Co
Larue John C -- Fidelity National Title Ins
Larue John C $525,000 Fidelity National Title
Harp Lloyd M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cross Jack $250,000
Previous Owner Cross Jack A $1,079,000
Previous Owner Cross Jack A $625,500
Previous Owner Cross Jack A $500,000
Previous Owner Cross Jack A $337,000
Previous Owner Cross Jack A $747,000
Previous Owner Cross Jack A $750,000
Previous Owner Larue John C $182,200
Previous Owner Larue John C $185,000
Closed Cross Jack A $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2020 07/21/20 Sold $2,855,764 -10.7% $1,001 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $3,199,000 -- $1,122 / 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 $34,368 $3,155,123 $2,657,566 $497,557
2024 $34,368 $3,093,258 $2,605,457 $487,801
2023 $31,943 $3,000,615 $2,554,369 $446,246
2022 $31,548 $2,912,879 $2,504,283 $408,596
2021 $31,280 $2,855,764 $2,455,179 $400,585
2020 $16,645 $1,461,682 $1,103,749 $357,933
2019 $16,322 $1,433,022 $1,082,107 $350,915
2018 $15,979 $1,404,924 $1,060,889 $344,035
2017 $15,485 $1,377,377 $1,040,087 $337,290
2016 $15,037 $1,350,370 $1,019,693 $330,677
2015 $14,473 $1,330,087 $1,004,377 $325,710
2014 $14,221 $1,304,033 $984,703 $319,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG20140512

California Regional Multiple Listing Service (CRMLS)

APN: 670-064-02