NOT LISTED FOR SALE

502 Olive St Laguna Beach, CA 92651

Main Beach Neighborhood

Estimated Value: $5,977,000 - $6,624,000

0.14 Acre
$44,603,806 Price per Acre
6,065 Sq Ft Lot

Last Sold July 24, 2012

Last sale price $849,000 $285 Per Sq Ft

Est. 630% increase in value since last sale

Current estimated payment $37,481/month

492 Days on Market

Highlights

  • Ocean View
  • Cul-De-Sac
  • Gentle Sloping Lot
  • El Morro Elementary School Rated A+
  • Rectangular Lot

About This Lot

As of July 2012

REDUCED $346K TO SELL NOW! North Laguna's 'Tree Streets' is one of the most desireable sections of town due to atmosphere, mature landscape, classic architecture and proximity to town, beaches, parks, etc. This is a prime parcel with APPROVED PLANS for an exquisite 2,981 foot SPANISH REVIVAL HOME designed by renowned architect Eric Mossman. Ocean, town & canyon views, Main level features Living Room, Kitchen, Dining and Master Retreat. Lower floor offers Family Room and two additional en-suite bedrooms. Timeless design with exceptional privacy and location. Construction costs are down, rates are attractive. This is an incredible opportunity to build a dream home for much less than you would pay for the finished product. This is a gently sloped, street to street lot with frontage on two quiet cul-de-sacs. Wonderful living environment just stone's throw to downtown, yet quiet and tranquil. Call Mark and I'll meet you on-site with the approved plans.

Last Agent to Sell the Property

Mark Christy

Berkshire Hathaway HomeServices California Properties License #00776546 Listed on: 02/16/2011

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

James St. James

Teles Properties License #1369539

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $45,178

Lot Details

  • 6,065 Sq Ft Lot
  • Lot Dimensions are 50x121
  • Cul-De-Sac
  • Rectangular Lot
  • Gentle Sloping Lot
  • Property is zoned R1

Property Views

  • Ocean
  • Coastline
  • City Lights
  • Canyon

Utilities

  • Underground Utilities

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 759
  • Assessor Parcel Number 49611124

Property Details

Property Type

Land

Est. Annual Taxes

$45,178

Lot Details

0

Listing Details

  • Assessments: Yes
  • Subdivision Name Other: North Laguna
  • Survey: Survey Done
  • View: Yes
  • Zoning: R1
  • Property Type: Land
  • Parcel Number: 49611124
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 139.98

Exterior Features

  • View: City Lights, Canyon, Coastline, Ocean, Water

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Underground Utilities
  • Water Source: Public
  • Water Well: No

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Storm Drains

Lot Info

  • Current Geological: Yes
  • Lot Features: Cul-De-Sac, Gentle Sloping, Rectangular Lot
  • Lot Size: 50x121
  • Lot Size Sq Ft: 6065.00
  • Lot Size Acres: 0.1390

Multi Family

  • Lot Size Area: 6065.0000 Square Feet

Tax Info

  • Tax Area: 05003
  • Tax Lot: 43
  • Tax Tract Number: 759

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2024
Sold by
Fusco Philip and Amiri Shokoufeh
Bought by
Maureen Oracle
Current Estimated Value
$6,199,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2018
Sold by
Le Bella Vita Enterprises Llc
Bought by
Fusco Philip and Amiri Shokoufeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.43%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 28, 2018
Sold by
Miscione Eagene
Bought by
Miscione Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.43%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 22, 2015
Sold by
Miscione Family Llc
Bought by
La Bella Vita Enterprises Llc

Purchase Details

Closed on
Dec 13, 2012
Sold by
Miscione Janet
Bought by
Miscione Family Llc

Purchase Details

Listed on
Feb 16, 2011
Closed on
Jul 16, 2012
Sold by
Fluter Russell E
Bought by
North Laguna Llc
Seller's Agent
Mark Christy
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
James St. James
Teles Properties
List Price
$1,195,000
Sold Price
$849,000
Premium/Discount to List
-$346,000
-28.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.84%

Purchase Details

Listed on
Feb 16, 2011
Closed on
Jul 12, 2012
Sold by
North Laguna Llc
Bought by
Miscione Janet
Seller's Agent
Mark Christy
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
James St. James
Teles Properties
List Price
$1,195,000
Sold Price
$849,000
Premium/Discount to List
-$346,000
-28.95%

Purchase Details

Closed on
Jul 10, 2006
Sold by
City Of Laguna Beach
Bought by
Fluter Russell E and Russell E Fluter Separate Property Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
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
Maureen Oracle $5,750,000 Equity Title
Fusco Philip $3,900,000 California Title Co
Miscione Janet -- California Title Co
La Bella Vita Enterprises Llc -- None Available
Miscione Family Llc -- None Available
North Laguna Llc -- Accommodation
Miscione Janet $849,000 Lawyers Title Co
Fluter Russell E -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oracle Maureen $2,848,000
Previous Owner Maureen Oracle $2,800,000
Previous Owner Fusco Philip $2,350,000
Previous Owner Fusco Philip $1,500,000
Previous Owner Fusco Philip $850,000
Previous Owner Pusco Phillip $1,925,000
Previous Owner Fusco Philip $850,000
Previous Owner Fusco Philip $1,900,000
Previous Owner Fluter Russell E $840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2012 07/24/12 Sold $849,000 -29.0% $285 / Sq Ft
06/22/2012 06/22/12 Pending -- -- --
02/16/2011 02/16/11 For Sale $1,195,000 -- $401 / 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 $45,178 $5,750,000 $4,468,469 $1,281,531
2024 $45,178 $4,350,522 $3,245,044 $1,105,478
2023 $44,440 $4,265,218 $3,181,416 $1,083,802
2022 $44,478 $4,181,587 $3,119,036 $1,062,551
2021 $44,462 $4,099,596 $3,057,879 $1,041,717
2020 $43,941 $4,057,560 $3,026,524 $1,031,036
2019 $43,250 $3,978,000 $2,967,180 $1,010,820
2018 $22,043 $1,908,526 $918,840 $989,686
2017 $21,637 $1,871,104 $900,823 $970,281
2016 $21,087 $1,834,416 $883,160 $951,256
2015 $20,805 $1,806,862 $869,894 $936,968
2014 $10,911 $852,854 $852,854 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Christy

    Seller's Agent in 2012

    Mark Christy

    Berkshire Hathaway HomeServices California Properties

    (949) 499-5900

    1 in this area

    29 Total Sales

    Mark Christy
    Section Image

  • J

    Buyer's Agent in 2012

    James St. James

    Teles Properties

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: L35270

California Regional Multiple Listing Service (CRMLS)

APN: 496-111-24

California Orange County Laguna Beach 92651 Main Beach

502 Olive St, Laguna Beach, CA

This home is located at 502 Olive St, Laguna Beach, CA 92651 since 16 February 2011 and is currently estimated at $6,199,929, approximately $2,079 per square foot. 502 Olive St is a home located in Orange County with nearby schools including El Morro 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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