Landlord's Agent in 2020
Sylvia Ames
Compass
(949) 295-0570
1 in this area
26 Total Sales
353 Cedar Way Unit B Laguna Beach, CA 92651
North Laguna NeighborhoodEstimated Value: $7,638,765
1
Bed
1
Bath
754
Sq Ft
$10,131/Sq Ft
Est. Value
Highlights
- Ocean View
- No Units Above
- Open Floorplan
- El Morro Elementary School Rated A+
- Updated Kitchen
- 3-minute walk to Heisler Park
About This Home
As of October 2020Panoramic ocean, sunset, and city lights views are enjoyed throughout this chic and clean, loft-style, 2-story, upscale apartment in the heart of Laguna Beach. Completely remodeled by noted architect Tim Nichol, this luxury apartment's exceptional amenities include hardwood flooring, custom bath designer tile, stone countertops, fireplace in living room, window treatments, two large view balcony decks, quality appliances, in-unit washer and dryer, and reserved covered parking. Open living space on upper level invites entertaining and offers expansive ocean views. Live the best of the Laguna Beach lifestyle! Located in historic North Gallery Row among some of the finest and well-established art galleries of Laguna Beach -- close to Main Beach, Heisler Park, the Laguna Art Museum, shopping and dining ... yet a quiet location. Well-qualified applicants only, please; credit review required. Please ~ no smoking, no pets.
Co-Listed By
Inge Goericke-bunn
Compass License #00641176
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $64,377
Year Built
- Built in 2010 | Remodeled
Lot Details
- 6,534 Sq Ft Lot
- Property fronts an alley
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Southwest Facing Home
Property Views
- Ocean
- Coastline
- Catalina
- Panoramic
- City Lights
- Hills
Home Design
- Contemporary Architecture
- Apartment
- Turnkey
- Stucco
Interior Spaces
- 754 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Recessed Lighting
- Fireplace With Gas Starter
- Double Pane Windows
- Casement Windows
- Sliding Doors
- Great Room with Fireplace
- Family Room Off Kitchen
- Living Room with Fireplace
- Wood Flooring
Kitchen
- Updated Kitchen
- Open to Family Room
- Eat-In Kitchen
- Built-In Range
- Microwave
- Dishwasher
- Stone Countertops
- Disposal
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
- Stone Bathroom Countertops
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
Parking
- 1 Parking Space
- 1 Carport Space
- Parking Available
- Assigned Parking
Outdoor Features
- Living Room Balcony
- Patio
- Terrace
- Exterior Lighting
Location
- Property is near a park
Schools
- El Morro Elementary School
- Thurston Middle School
- Laguna Beach High School
Utilities
- Forced Air Heating System
- Natural Gas Connected
- Sewer Paid
- Cable TV Available
Listing and Financial Details
- Security Deposit $4,825
- Rent includes trash collection, water
- 12-Month Minimum Lease Term
- Available 9/21/20
- Legal Lot and Block 5 / 19
- Tax Tract Number 412
- Assessor Parcel Number 49612216
Community Details
Overview
- No Home Owners Association
- 4 Units
- North Laguna Subdivision
Recreation
- Park
- Water Sports
- Hiking Trails
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 10, 2021
Sold by
Cannon Heritage Lp
Bought by
Olive Tree Investments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Outstanding Balance
$1,930,032
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$5,585,775
Purchase Details
Closed on
Dec 7, 2006
Sold by
Kiemeyer Kae
Bought by
Cannon Heritage Lp
Purchase Details
Closed on
May 22, 2006
Sold by
Kiermeyer Karol Kae
Bought by
Kiermeyer Kae
Purchase Details
Closed on
Dec 13, 2005
Sold by
Kiermeyer Md Karol
Bought by
Kiermeyer Md K A E
Purchase Details
Closed on
Dec 27, 2000
Sold by
Kiermeyer Md K A E
Bought by
Kiermeyer Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
7.71%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 13, 2000
Sold by
Dick Avenue Corp
Bought by
Kiermeyer Robert
Purchase Details
Closed on
Oct 8, 1997
Sold by
King John P
Bought by
Dick Avenue Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
7.54%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Olive Tree Investments Llc | $6,000,000 | Lawyers Title | |
| Cannon Heritage Lp | $3,800,000 | Chicago Title Co | |
| Kiermeyer Kae | -- | None Available | |
| Kiermeyer Md K A E | -- | -- | |
| Kiermeyer Md Karol | -- | -- | |
| Kiermeyer Robert | -- | Lawyers Title Company | |
| Kiermeyer Robert | $1,572,500 | Lawyers Title Company | |
| Dick Avenue Corp | $970,000 | First American Title Ins Co | |
| King John P | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Olive Tree Investments Llc | $2,100,000 | |
| Previous Owner | Kiermeyer Md Karol | $800,000 | |
| Previous Owner | Dick Avenue Corp | $570,000 | |
| Previous Owner | Kiermeyer Robert | $1,750,000 | |
| Previous Owner | Dick Avenue Corp | $150,000 | |
| Previous Owner | Dick Avenue Corp | $570,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/14/2020 10/14/20 | Rented | $2,950 | 0.0% | -- |
| 09/20/2020 09/20/20 | For Rent | $2,950 | +11.3% | -- |
| 04/23/2018 04/23/18 | Rented | $2,650 | 0.0% | -- |
| 04/13/2018 04/13/18 | Under Contract | -- | -- | -- |
| 04/11/2018 04/11/18 | For Rent | $2,650 | +11.1% | -- |
| 10/22/2014 10/22/14 | Rented | $2,385 | 0.0% | -- |
| 09/22/2014 09/22/14 | Under Contract | -- | -- | -- |
| 09/08/2014 09/08/14 | For Rent | $2,385 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $64,377 | $6,367,248 | $5,624,403 | $742,845 |
| 2024 | $64,377 | $6,242,400 | $5,514,120 | $728,280 |
| 2023 | $62,870 | $6,120,000 | $5,406,000 | $714,000 |
| 2022 | $61,657 | $6,000,000 | $5,300,000 | $700,000 |
| 2021 | $37,380 | $3,606,985 | $2,885,588 | $721,397 |
| 2020 | $36,951 | $3,570,000 | $2,856,000 | $714,000 |
| 2019 | $39,833 | $3,847,487 | $3,073,068 | $774,419 |
| 2018 | $39,045 | $3,772,047 | $3,012,812 | $759,235 |
| 2017 | $38,263 | $3,698,086 | $2,953,737 | $744,349 |
| 2016 | $37,526 | $3,625,575 | $2,895,821 | $729,754 |
| 2015 | $36,953 | $3,571,116 | $2,852,323 | $718,793 |
| 2014 | $36,237 | $3,501,163 | $2,796,450 | $704,713 |
Source: Public Records
Agents Affiliated with this Home
-
-
I
Landlord's Co-Listing Agent in 2020
Inge Goericke-bunn
Compass
-
Buyer's Agent in 2018
Celeste McCarthy
Realty ONE Group West
(949) 413-9011
20 Total Sales
-
Buyer's Agent in 2014
Daniel Piscitelli
Frontline Real Estate Group
(949) 280-1709
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG20196715
APN: 496-122-16
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