NOT LISTED FOR SALE

365 Flora St Laguna Beach, CA 92651

Woods Cove Neighborhood

Estimated Value: $2,755,000 - $3,396,000

3 Beds
2 Baths
1,228 Sq Ft
$2,398/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $2,500,000 $2,036 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $17,927/month

3 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Built-In Features
  • Top Of The World Elementary School Rated A
  • 1 Car Attached Garage
  • Living Room

About This Home

As of March 2023

You know when it just feels good. Not too big, not too small, tranquil ocean views, magical outdoor spaces, and ample privacy – this lovingly updated cottage is the result of marrying the best of old and new, and placing it between a street named for the goddess of flowers (Flora) and another named for the gem of the seas (Pearl). Behind large privacy hedges, the dutch-door entry of 365 Flora Street leads to an open room, cleverly separated into a living, dining and charming library/media space. The longtime current owners have updated the home with care and consideration – inside and out. The result is a home that makes the most of the California lifestyle – the outside is as appealing as the interior. The three bedrooms fill the upper level, with nostalgic dormer windows lighting the rooms. Surprisingly, the home’s position allows wonderful ocean views without giving up privacy. With a location just blocks from some of the best beaches, restaurants, and retail therapy in Laguna, the home makes for a marvelous place to nest all year round. They always say good things come in small packages – you will love the life you can lead at this very special home.

Last Agent to Sell the Property

Michael Johnson

Compass License #01429647 Listed on: 02/09/2023

Compass

Last Buyer's Agent

Donald A. Bowen

Re/Max Real Estate Group License #01317912

Re/Max Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,889

Year Built

  • Built in 1946

Lot Details

  • 2,750 Sq Ft Lot
  • Landscaped

Parking

  • 1 Car Attached Garage

Property Views

  • Ocean
  • Coastline

Interior Spaces

  • 1,228 Sq Ft Home
  • Built-In Features
  • Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Floor Furnace

Community Details

  • No Home Owners Association
  • Woods Cove Subdivision

Listing and Financial Details

  • Tax Lot L
  • Tax Tract Number 82
  • Assessor Parcel Number 64426616

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,889

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: MJ Group
  • Other Phone Number: 949-207-3735
  • Property Attached: No
  • Subdivision Name Other: Woods Cove (WC)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 64426616
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1228.00 Square Feet
  • Interior Amenities: Built-in Features
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2035.83
  • Room Type: All Bedrooms Up, Living Room

Exterior Features

  • View: Coastline, Ocean
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 2750.00
  • Lot Size Acres: 0.0631

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2750.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: L
  • Tax Tract Number: 82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Feb 17, 2023
Sold by
Jeffrey G Hobson Trust
Bought by
Sadoff Revocable Living Trust
Seller's Agent
Michael Johnson
Compass
Buyer's Agent
Donald A. Bowen
Re/Max Real Estate Group
List Price
$2,495,000
Sold Price
$2,500,000
Premium/Discount to List
$5,000
0.2%
Views
28
Current Estimated Value
$2,944,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$444,224
Avg. Annual Appreciation
4.40%
Original Mortgage
$1,000,000
Outstanding Balance
$965,554
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,819,762

Purchase Details

Closed on
Oct 8, 2020
Sold by
Letterly Steven E and Hobson Jaffrey G
Bought by
Letterly Steven E and Letterly Steven E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
2.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2015
Sold by
Letterly Steven E
Bought by
Jeffrey G Hobson Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2012
Sold by
Letterly Steven E
Bought by
Letterly Steven E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$885,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2012
Sold by
Demilly Pascal and Otteson Ingrid Anne
Bought by
Ferrari Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2005
Sold by
Letterly Steven Edward
Bought by
Letterly Steven E and Steven E Letterly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 21, 2003
Sold by
Oceanswest Llc Defined Benefit Pension P
Bought by
Letterly Steven Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2002
Sold by
Calvert Frances E
Bought by
Oceanswest Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sadoff Revocable Living Trust $2,500,000 California Best Title
Letterly Steven E -- Lawyers Title Sd
Letterly Steven E -- Lawyers Title Sd
Jeffrey G Hobson Trust -- Chicago Title Company
Letterly Steven E -- Chicago Title Company
Letterly Steven E -- Chicago Title Company
Letterly Steven E -- Chicago Title Company
Letterly Steven E -- Chicago Title Company
Letterly Steven E -- Chicago Title Company
Ferrari Michael B $1,400,000 Lawyers Title Co
Letterly Steven E -- --
Letterly Steven Edward $855,000 Fidelity National Title
Oceanswest Llc $385,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sadoff Revocable Living Trust $1,000,000
Previous Owner Letterly Steven E $200,000
Previous Owner Letterly Steven E $765,600
Previous Owner Letterly Steven E $200,000
Previous Owner Letterly Steven E $910,000
Previous Owner Letterly Steven E $885,000
Previous Owner Ferrari Michael B $700,000
Previous Owner Letterly Steven Edward $62,500
Previous Owner Letterly Steven Edward $875,000
Previous Owner Letterly Steven Edward $650,000
Closed Letterly Steven Edward $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2023 03/15/23 Sold $2,500,000 +0.2% $2,036 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $2,495,000 -- $2,032 / 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 $26,889 $418,354 $292,848 $125,506
2024 $26,889 $2,550,000 $2,488,441 $61,559
2023 $13,240 $1,190,235 $1,122,222 $68,013
2022 $12,930 $1,166,898 $1,100,218 $66,680
2021 $12,622 $1,144,018 $1,078,645 $65,373
2020 $12,425 $1,132,288 $1,067,585 $64,703
2019 $12,186 $1,110,087 $1,046,652 $63,435
2018 $11,933 $1,088,321 $1,026,129 $62,192
2017 $11,679 $1,066,982 $1,006,009 $60,973
2016 $11,439 $1,046,061 $986,283 $59,778
2015 $11,247 $1,030,349 $971,468 $58,881
2014 $11,019 $1,010,166 $952,438 $57,728
Source: Public Records

Agents Affiliated with this Home

  • Michael Johnson

    Seller's Agent in 2023

    Michael Johnson

    Compass

    (949) 278-7333

    15 in this area

    187 Total Sales

    Michael Johnson
    Section Image
  • Donald A. Bowen

    Buyer's Agent in 2023

    Donald A. Bowen

    RE/MAX

    (949) 290-9754

    1 in this area

    159 Total Sales

    Donald A. Bowen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG23023066

California Regional Multiple Listing Service (CRMLS)

APN: 644-266-16

California Orange County Laguna Beach 92651 Woods Cove

365 Flora St, Laguna Beach, CA

This home is located at 365 Flora St, Laguna Beach, CA 92651 since 09 February 2023 and is currently estimated at $2,944,224, approximately $2,397 per square foot. This property was built in 1946. 365 Flora St is a home located in Orange County with nearby schools including Top Of The World Elementary School, Thurston Middle School, and Laguna Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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