NOT LISTED FOR SALE

Estimated Value: $8,009,000 - $9,499,000

4 Beds
4 Baths
5,200 Sq Ft
$1,726/Sq Ft Est. Value

Last Sold October 10, 2014

Last sale price $4,400,000 $846 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $53,953/month

44 Days on Market

Highlights

  • White Water Ocean Views
  • Art Studio
  • Primary Bedroom Suite
  • El Morro Elementary School Rated A+
  • Wine Cellar
  • Custom Home

About This Home

As of October 2014

Ideally situated in North Laguna, this contemporary ocean view residence was remodeled in 2005 to create unparalleled living spaces that make this home truly remarkable. Expansive windows in every room create a light and airy environment to maximize the coastal chic ambiance of the residence. The designer kitchen is fit with Dacor stainless steel appliances, large kitchen island, and unique skylight windows and transitions seamlessly to a gorgeous family room & deck. The elaborate master suite features a cozy fireplace, library, walk-in closet, sitting area, balcony and luxurious bathroom. Other rooms in the residence include a walk-in wine cellar, large office, gym/recreational room, Great Room, and two spacious guest suites. At the center of the home, a stunning zen-like atrium adds a peaceful retreat to the interior space. Several spacious patio areas provide guests with a relaxing space for enjoying sunsets over the Pacific and panoramic water views spanning beyond Catalina.

Last Agent to Sell the Property

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 07/14/2014

Coldwell Banker Realty

Last Buyer's Agent

Gloria Jewell

DOUGLAS ELLIMAN OF CALIFORNIA, INC. License #00810998

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $60,651

Year Built

  • Built in 1984 | Remodeled

Lot Details

  • 8,050 Sq Ft Lot
  • Block Wall Fence
  • Landscaped
  • Sprinkler System
  • Private Yard
  • Front Yard

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Driveway

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Orchard Views

Home Design

  • Custom Home
  • Contemporary Architecture
  • Modern Architecture
  • Split Level Home
  • Stucco

Interior Spaces

  • 5,200 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Two Story Ceilings
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Atrium Windows
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Formal Dining Room
  • Den with Fireplace
  • Art Studio
  • Atrium Room
  • Storage
  • Laundry Room
  • Utility Room
  • Home Gym

Kitchen

  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Built-In Range
  • Range Hood
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • 4 Full Bathrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Living Room Balcony
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Water Softener

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 65
  • Tax Tract Number 3620
  • Assessor Parcel Number 05311109

Home Details

Home Type

Single Family

Est. Annual Taxes

$60,651

Year Built

Built in 1984 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: 949.981.9047
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Smoke Detector(s), Security System
  • Subdivision Name Other: North Laguna (NL)
  • View: Yes
  • Architectural Style: Custom Built, Contemporary, Modern
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05311109
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5200.00
  • Interior Amenities: Built-in Features, Balcony, Ceiling Fan(s), High Ceilings, Living Room Balcony, Open Floorplan, Storage, Stone Counters, Two Story Ceilings
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room, Separated
  • Fireplace Features: Den, Family Room, Living Room, Master Retreat
  • Levels: Multi/Split
  • Price Per Square Foot: 846.15
  • Room Type: Atrium, Art Studio, Den, Family Room, Formal Entry, Great Room, Exercise Room, Master Suite, Walk-In Closet, Separate Family Room, Office, Utility Room, Wine Cellar
  • Window Features: Atrium, Double Pane Windows, Skylight(s)
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Coastline, Orchard, Panoramic, Water, White Water
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Deck, Enclosed, Patio, Stone
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage, Private
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Self Cleaning Oven, Double Oven, Dishwasher, Disposal, Gas Water Heater, Range Hood, Microwave, Self Cleaning Oven, Warming Drawer, Water Softener
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Lot Features: Front Yard, Landscaped, Lot 6500-9999, Sprinkler System, Yard
  • Lot Size Sq Ft: 8050.00
  • Lot Size Acres: 0.1850

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8050.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 65
  • Tax Tract Number: 3620

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2016
Sold by
Crank Thomas W and Crank Susan P
Bought by
Crank Thomas W and Crank Susan P
Current Estimated Value
$8,974,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,001
Outstanding Balance
$1,439,521
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$7,510,677

Purchase Details

Listed on
Jul 14, 2014
Closed on
Sep 9, 2014
Sold by
Berman Janis
Bought by
The Crank Family Trust
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Gloria Jewell
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
List Price
$4,499,000
Sold Price
$4,400,000
Premium/Discount to List
-$99,000
-2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$3,000,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 2, 2005
Sold by
Rinaldi Richard J and Rinaldi Ann K
Bought by
Berman Janis

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
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2003
Sold by
Himes Kenneth R and Himes Lydia Wang
Bought by
Rinaldi Richard J and Rinaldi Ann K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2003
Sold by
Himes Kenneth R and Himes Lydia Wang
Bought by
Himes Kenneth R and Himes Lydia Wang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$966,000
Interest Rate
5.78%

Purchase Details

Closed on
May 31, 2002
Sold by
Himes Kenneth R
Bought by
Himes Kenneth R and Himes Lydia Wang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 9, 1998
Sold by
Himes Kenneth R and Wang Lydia Wang
Bought by
Himes Kenneth R and Himes Lydia Wang

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
7.11%

Purchase Details

Closed on
Dec 12, 1996
Sold by
Himes Lydia Wang
Bought by
Himes Lydia Wang and Lydia Wang Himes Qpr Trust
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
Crank Thomas W -- Chicago Title
The Crank Family Trust $4,400,000 Equity Title Company
Berman Janis $4,800,000 United Title
Rinaldi Richard J $3,125,000 Equity Title Company
Himes Kenneth R -- United Title Company
Himes Kenneth R -- United Title Company
Himes Kenneth R -- --
Himes Kenneth R -- Gateway Title Company
Himes Kenneth R -- Gateway Title Company
Himes Lydia Wang -- --
Himes Kenneth R -- --
Himes Kenneth R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crank Thomas W $3,000,001
Closed The Crank Family Trust $3,000,000
Previous Owner Berman Janis $700,000
Previous Owner Berman Janis $750,000
Previous Owner Berman Janis $1,000,000
Previous Owner Rinaldi Richard J $1,500,000
Previous Owner Himes Kenneth R $966,000
Previous Owner Himes Kenneth R $500,000
Previous Owner Himes Kenneth R $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2014 10/10/14 Sold $4,400,000 -2.2% $846 / Sq Ft
07/14/2014 07/14/14 For Sale $4,499,000 -- $865 / 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 $60,651 $5,991,294 $4,195,568 $1,795,726
2024 $60,651 $5,873,818 $4,113,302 $1,760,516
2023 $59,559 $5,758,646 $4,032,649 $1,725,997
2022 $58,381 $5,645,732 $3,953,578 $1,692,154
2021 $57,204 $5,535,032 $3,876,057 $1,658,975
2020 $56,548 $5,478,278 $3,836,313 $1,641,965
2019 $55,554 $5,370,861 $3,761,091 $1,609,770
2018 $54,460 $5,265,550 $3,687,344 $1,578,206
2017 $53,373 $5,162,304 $3,615,043 $1,547,261
2016 $43,569 $4,197,715 $3,544,160 $653,555
2015 $45,603 $4,400,000 $3,293,928 $1,106,072
2014 $55,136 $5,343,360 $4,184,737 $1,158,623
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14148758

California Regional Multiple Listing Service (CRMLS)

APN: 053-111-09