NOT LISTED FOR SALE

Estimated Value: $3,531,000 - $5,039,000

3 Beds
3 Baths
1,874 Sq Ft
$2,392/Sq Ft Est. Value

Last Sold November 14, 2016

Last sale price $2,200,000 $1,174 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $26,438/month

13 Days on Market

Highlights

  • Ocean View
  • Gated with Attendant
  • Traditional Architecture
  • El Morro Elementary School Rated A+
  • Ocean Side of Freeway
  • Cathedral Ceiling

About This Home

As of November 2016

Offering unobstructed panoramic views of the sparkling Pacific Ocean, and beyond to Catalina Island, this impeccably remodeled home in 24-hour guarded and gated Three Arch Bay is a tranquil oasis. The open floorplan of the living room and dining area is complemented by an open-beam vaulted ceiling and a wall of sliding glass doors allowing a refreshing interplay of interior and exterior. Just outside, an expansive balcony runs nearly the length of the residence, provides breathtaking vistas, and invites dining and entertaining al fresco. The home’s charming and fully remodeled kitchen features stainless appliances, granite countertops and wide-plank wood floors. The main level also hosts the master suite, providing balcony access, a large picture window affording spectacular views, a dressing and closet area with built-in cabinetry and vanity, and a lovely bath en suite. A comfortable guest room and additional full bath are nearby. The lower level may be used as a guest suite with bedroom, separate sitting area and full bath, or the sitting area would make a delightful home office. Both rooms allow access to an intimate veranda overlooking the beautiful lawn and tasteful perimeter landscaping. Unfinished space awaits inspired use, and the sizeable and very private rear lawn would easily accommodate a pool and spa. Imagine all of this along with access to private Three Arch Bay Beach, and to distinctive dining, shopping and schools.

Last Agent to Sell the Property

Sean Stanfield

Pacific Sotheby's Int'l Realty License #01024996 Listed on: 10/05/2016

Pacific Sotheby's Int'l Realty

Co-Listed By

Ariana Gaffoglio

Plus Real Estate License #01904201

Last Buyer's Agent

KATIE HOULAHAN

Compass License #02005954

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,619

Year Built

  • Built in 1961 | Remodeled

Lot Details

  • 5,814 Sq Ft Lot
  • Lawn
  • Back and Front Yard

HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Hills

Home Design

  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,874 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Cathedral Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Entryway
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Home Office
  • Bonus Room

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Ocean Side of Freeway
  • Slab Porch or Patio
  • Exterior Lighting

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 1109
  • Assessor Parcel Number 05622309

Community Details

Amenities

  • Community Fire Pit
  • Picnic Area

Additional Features

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,619

Year Built

Built in 1961 | Remodeled

Lot Details

0

HOA Fees

$261 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Gated Community, Gated with Guard, Guarded
  • Subdivision Name Other: Three Arch Bay (TAB)
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05622309
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1874.00 Square Feet
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Granite Counters, High Ceilings, Living Room Deck Attached, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1173.96
  • Room Type: Bonus Room, Den, Entry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Office

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Catalina, City Lights, Coastline, Hills, Ocean, Panoramic, Water
  • Patio And Porch Features: Concrete, Deck, Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Microwave
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Fire Pit, Picnic Area
  • Association Fee: 2350.00
  • Association #2 Fee: 195.00
  • Association #2 Fee Frequency: Quarterly
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn
  • Lot Size Sq Ft: 5814.00

Multi Family

  • Lease Considered: No
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Census Tract: 423.05
  • Tax Lot: 37
  • Tax Tract Number: 1109

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2018
Sold by
Freeman Donald P and Freeman Robyn H
Bought by
Freeman Donald P and Freeman Robyn H
Current Estimated Value
$4,481,745

Purchase Details

Listed on
Oct 5, 2016
Closed on
Oct 19, 2016
Sold by
Hearn David
Bought by
Freeman Donald Philip and Freeman Robyn Hayley
Seller's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
Buyer's Agent
KATIE HOULAHAN
Compass
List Price
$2,289,000
Sold Price
$2,200,000
Premium/Discount to List
-$89,000
-3.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%
Original Mortgage
$1,430,000
Outstanding Balance
$1,102,347
Interest Rate
2.3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,379,398

Purchase Details

Closed on
Jan 9, 2008
Sold by
Hoffman Denise
Bought by
Hoffman Robert Morton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,144,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2007
Sold by
Hoffman Robert Morton
Bought by
Hearn David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,144,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
Freeman Donald P -- None Available
Freeman Donald P -- None Available
Freeman Donald Philip $2,200,000 Fidelity National Title
Hoffman Robert Morton -- Equity Title Company
Hearn David -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeman Donald Philip $1,430,000
Previous Owner Hearn David $1,144,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2016 11/14/16 Sold $2,200,000 -3.9% $1,174 / Sq Ft
10/18/2016 10/18/16 Pending -- -- --
10/05/2016 10/05/16 For Sale $2,289,000 -- $1,221 / 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 $32,619 $3,019,587 $2,405,267 $614,320
2024 $32,619 $2,960,380 $2,358,105 $602,275
2023 $32,197 $2,902,334 $2,311,868 $590,466
2022 $31,099 $2,845,426 $2,266,537 $578,889
2021 $30,613 $2,789,634 $2,222,095 $567,539
2020 $30,071 $2,761,030 $2,199,310 $561,720
2019 $29,446 $2,706,893 $2,156,187 $550,706
2018 $24,452 $2,249,185 $2,113,909 $135,276
2017 $23,946 $2,200,000 $2,072,460 $127,540
2016 $20,593 $1,830,808 $1,661,691 $169,117
2015 $19,563 $1,803,308 $1,636,731 $166,577
2014 $17,494 $1,599,449 $1,444,817 $154,632
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16715730

California Regional Multiple Listing Service (CRMLS)

APN: 056-223-09