B
Landlord's Agent in 2022
Brett Brummett
Berkshire Hathaway HSCP
502 1/2 Larkspur Ave Unit 2 Corona Del Mar, CA 92625
Corona Del Mar NeighborhoodEstimated Value: $2,047,970 - $2,546,000
2
Beds
2.5
Baths
1,351
Sq Ft
2002
Built
Highlights
- Ocean View
- No Units Above
- Two Primary Bedrooms
- Harbor View Elementary School Rated A
- Rooftop Deck
- 3-minute walk to Bayside Drive Park
About This Home
As of May 2022Live in the heart of CDM Village where it’s a short walk to Corona del Mar State beach, the Farmer’s Market, bars and restaurants, and even the post office, bank, and grocery store. This rear unit offers the best location and an exceptional interior with high ceilings and large unobstructed windows that flood your open floor plan with natural light and ocean breeze. The living space features two large outdoor patios - the main floor’s is covered and features a huge built-in barbecue and space heater to host or enjoy intimate family dinners, while the upper floors' is a sunny space to garden or enjoy your ocean view. Other standout features in this two bedroom/2.5 bath coastal home are the chef’s Kitchen with Viking gas range and built-in refrigerator; luxurious Master Suite with jacuzzi tub, large frameless glass shower, and private water closet; full-size second bedroom with en-suite bathroom; 2 fireplaces; and entry level that includes guest powder room, indoor Laundry, and 2 parking spaces via attached enclosed garage and private carport. The unit was completely updated in 2017 including all new energy-efficient LED lighting and Nest ecosystem, as well as newer paint and finishes. Don't miss your chance to live here!
Last Agent to Rent the Property
Brett Brummett
Berkshire Hathaway HSCP License #01796428 Listed on: 05/04/2022
Last Renter's Agent
Brett Brummett
Berkshire Hathaway HSCP License #01796428 Listed on: 05/04/2022
Condo Details
Home Type
- Condominium
Est. Annual Taxes
- $17,357
Year Built
- Built in 2002 | Remodeled
Lot Details
- No Units Above
- 1 Common Wall
Parking
- 1 Car Direct Access Garage
- 1 Carport Space
- Parking Available
- Rear-Facing Garage
- Single Garage Door
- Garage Door Opener
- Parking Lot
Property Views
- Ocean
- Neighborhood
Home Design
- Tile Roof
- Concrete Roof
Interior Spaces
- 1,351 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Cathedral Ceiling
- Recessed Lighting
- Double Pane Windows
- Drapes & Rods
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
Kitchen
- Updated Kitchen
- Open to Family Room
- Breakfast Bar
- Gas Oven
- Gas Range
- Free-Standing Range
- Range Hood
- Dishwasher
- Kitchen Island
- Granite Countertops
Flooring
- Carpet
- Stone
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms | 1 Primary Bedroom on Main
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Double Master Bedroom
- Remodeled Bathroom
- Granite Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Hydromassage or Jetted Bathtub
- Bathtub with Shower
- Separate Shower
- Closet In Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
Outdoor Features
- Living Room Balcony
- Rooftop Deck
- Covered patio or porch
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Security Deposit $7,000
- 12-Month Minimum Lease Term
- Available 6/1/22
- Tax Lot 1
- Tax Tract Number 25
- Assessor Parcel Number 93801483
Community Details
Overview
- No Home Owners Association
- 2 Units
- Corona Del Mar North Of Pch Subdivision
Pet Policy
- Call for details about the types of pets allowed
- Pet Deposit $1,000
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 26, 2021
Closed on
Sep 8, 2021
Sold by
Margolis Alexandria A and Chewens Christopher E
Bought by
Burns Patrick C and Patrick Burns Family Trust
Seller's Agent
Mila Evans
Key Home Group
Buyer's Agent
Brett Brummett
Berkshire Hathaway HSCP
List Price
$1,495,000
Sold Price
$1,550,000
Premium/Discount to List
$55,000
3.68%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$643,592
Avg. Annual Appreciation
9.45%
Original Mortgage
$800,000
Outstanding Balance
$740,897
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$1,457,292
Purchase Details
Listed on
May 6, 2016
Closed on
Dec 7, 2016
Sold by
Kane Ryan James O
Bought by
Margolis Alexandria A and Chewens Christopher E
Seller's Agent
Arne DeWitt
RE/MAX Select One
Buyer's Agent
Mila Evans
Key Home Group
List Price
$1,349,000
Sold Price
$1,260,000
Premium/Discount to List
-$89,000
-6.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$1,000,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 11, 2002
Sold by
502 Larkspur Llc
Bought by
Okane Ryan James
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,800
Interest Rate
5.5%
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 |
|---|---|---|---|
| Burns Patrick C | $1,550,000 | First American Title Company | |
| Margolis Alexandria A | $1,260,000 | Usa National Title Co | |
| Okane Ryan James | $676,500 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Burns Patrick C | $800,000 | |
| Closed | Burns Patrick C | $800,000 | |
| Previous Owner | Margolis Alexandria A | $1,000,000 | |
| Previous Owner | Okane Ryan James | $250,000 | |
| Previous Owner | Okane Ryan James | $675,000 | |
| Previous Owner | Okane Ryan James | $540,800 | |
| Previous Owner | Okane Ryan James | $540,800 | |
| Closed | Okane Ryan James | $67,550 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2022 05/30/22 | Rented | $6,000 | 0.0% | -- |
| 05/20/2022 05/20/22 | Under Contract | -- | -- | -- |
| 05/04/2022 05/04/22 | For Rent | $6,000 | 0.0% | -- |
| 09/28/2021 09/28/21 | Sold | $1,550,000 | +3.7% | $1,147 / Sq Ft |
| 08/26/2021 08/26/21 | For Sale | $1,495,000 | 0.0% | $1,107 / Sq Ft |
| 08/28/2020 08/28/20 | Rented | $4,750 | 0.0% | -- |
| 08/28/2020 08/28/20 | Under Contract | -- | -- | -- |
| 08/28/2020 08/28/20 | For Rent | $4,750 | 0.0% | -- |
| 12/09/2016 12/09/16 | Sold | $1,260,000 | -3.0% | $933 / Sq Ft |
| 07/12/2016 07/12/16 | Price Changed | $1,299,000 | -3.7% | $962 / Sq Ft |
| 05/06/2016 05/06/16 | For Sale | $1,349,000 | 0.0% | $999 / Sq Ft |
| 06/18/2014 06/18/14 | Rented | $4,500 | 0.0% | -- |
| 06/18/2014 06/18/14 | For Rent | $4,500 | +12.5% | -- |
| 07/14/2013 07/14/13 | Rented | $4,000 | -32.8% | -- |
| 07/14/2013 07/14/13 | Under Contract | -- | -- | -- |
| 04/13/2013 04/13/13 | For Rent | $5,950 | -- | -- |
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 | $17,357 | $1,644,872 | $1,379,903 | $264,969 |
| 2024 | $17,357 | $1,612,620 | $1,352,846 | $259,774 |
| 2023 | $16,949 | $1,581,000 | $1,326,319 | $254,681 |
| 2022 | $16,667 | $1,550,000 | $1,300,312 | $249,688 |
| 2021 | $14,500 | $1,350,974 | $1,109,986 | $240,988 |
| 2020 | $14,360 | $1,337,122 | $1,098,605 | $238,517 |
| 2019 | $14,064 | $1,310,904 | $1,077,063 | $233,841 |
| 2018 | $13,784 | $1,285,200 | $1,055,944 | $229,256 |
| 2017 | $13,539 | $1,260,000 | $1,035,239 | $224,761 |
| 2016 | $9,030 | $827,673 | $587,664 | $240,009 |
| 2015 | $8,944 | $815,241 | $578,837 | $236,404 |
| 2014 | $8,734 | $799,272 | $567,498 | $231,774 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2021
Mila Evans
Key Home Group
(949) 929-3952
2 in this area
24 Total Sales
-
Seller's Agent in 2016
Arne DeWitt
RE/MAX
(949) 285-1400
49 Total Sales
-
P
Seller's Agent in 2014
Patrick O'Kane
Keller Williams Realty
(949) 482-3999
2 Total Sales
-
M
Buyer's Agent in 2014
Malakai Sparks
The L3
(714) 655-1627
29 Total Sales
-
Buyer's Agent in 2013
Cara Farley
Christie's International R.E. Southern California
(949) 717-7100
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22091715
APN: 938-014-83
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