NOT LISTED FOR SALE

Estimated Value: $5,902,000 - $9,087,000

4 Beds
4.5 Baths
4,612 Sq Ft
$1,626/Sq Ft Est. Value

Highlights

  • White Water Ocean Views
  • 24-Hour Security
  • All Bedrooms Downstairs
  • El Morro Elementary School Rated A+
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of January 2021

EMERALD BAY | LONG TERM LEASE | Some of the best white water and panoramic ocean views in all of Emerald Bay. Located at the top of Emerald Bay at the end of a cul de sac, 553 Emerald Bay offers 4 bedrooms with 4.5 bathrooms, living and dining rooms, family room, kitchen with island plus in kitchen eating area, sizeable master suite with private retreat/office, master bath plus his and hers separate walk closets . Three additional bedroom suites all with en suite bathrooms. Inside laundry room. Abundant storage plus a three car wide garage complete this Emerald Bay view home. Enjoy all of Emerald Bay's World Class amenities and community programs for all ages: Community Swimming Pool & Spa, 6 Championship (5 lighted) Tennis courts, 3 Beach Volleyball courts, Community concerts and events. Close to the downtown Laguna Beach and just a few minutes drive to the Crystal Cove Promenade's World Class Boutiques & Restaurants.

Last Agent to Rent the Property

Harold Noriega

Compass License #01494239 Listed on: 12/04/2020

Compass

Last Renter's Agent

Dean Ledger

Emerald Bay Real Estate License #01154116

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,365

Year Built

  • Built in 1997

Lot Details

  • 6,518 Sq Ft Lot
  • Property fronts a private road
  • Cul-De-Sac

Parking

  • 3 Car Attached Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Three Garage Doors

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Canyon

Interior Spaces

  • 4,612 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Home Office
  • Bonus Room
  • Laundry Room

Kitchen

  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

  • El Morro Elementary School
  • Thurston Middle School
  • Laguna Beach High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $16,000
  • 12-Month Minimum Lease Term
  • Available 1/6/20
  • Tax Lot 34
  • Tax Tract Number 1108
  • Assessor Parcel Number 05308130

Community Details

Overview

  • Property has a Home Owners Association
  • $500 HOA Transfer Fee
  • Emerald Bay Subdivision

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,365

Year Built

Built in 1997

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2020-01-06
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Other: 2000
  • Deposit Pets: 1000
  • Deposit Security: 16000
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fees: 500.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Smoke Detector(s)
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 05308130
  • Year Built: 1997
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4612.00 Square Feet
  • Interior Amenities: Built-in Features, High Ceilings, Living Room Deck Attached, Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3.47
  • Room Type: All Bedrooms Down, Bonus Room, Family Room, Formal Entry, Kitchen, Laundry, Living Room, Master Suite, Office, Retreat, Separate Family Room, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Exhaust Fan(s)
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • View: Canyon, Catalina, City Lights, Coastline, Ocean, Panoramic, Water, White Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Three Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Laguna Beach Unified
  • Elementary School: El Morro
  • Middle School: Thurston
  • High School: Laguna Beach
  • Elementary School: El Morro
  • High School: Laguna Beach
  • Middle Or Junior School: Thurston
  • Elementary School #2: ELMOR
  • High School2: LAGBEA

Lot Info

  • Additional Parcels: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 6518.00
  • Lot Size Acres: 0.1496

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 6518.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.04
  • Tax Lot: 34
  • Tax Tract Number: 1108

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2007
Sold by
Fahimy Fred
Bought by
Fahimy Fred and The Fred Fahimy Living Trust
Current Estimated Value
$7,499,887

Purchase Details

Closed on
Apr 2, 2001
Sold by
Fahimy Sophie
Bought by
Fahimy Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.37%
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
Fahimy Fred -- None Available
Fahimy Fred -- Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Fahimy Fred $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2021 01/21/21 Rented $16,000 0.0% --
01/16/2021 01/16/21 Under Contract -- -- --
12/04/2020 12/04/20 For Rent $16,000 +18.5% --
12/11/2019 12/11/19 Rented $13,500 -10.0% --
12/11/2019 12/11/19 Under Contract -- -- --
11/19/2019 11/19/19 For Rent $15,000 +15.4% --
12/02/2017 12/02/17 Rented $13,000 -7.1% --
11/08/2017 11/08/17 Off Market $14,000 -- --
10/05/2017 10/05/17 For Rent $14,000 0.0% --
08/02/2017 08/02/17 Off Market $14,000 -- --
01/23/2017 01/23/17 For Rent $14,000 +27.3% --
12/10/2015 12/10/15 Rented $11,000 -8.3% --
09/20/2015 09/20/15 For Rent $12,000 -- --
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 $8,365 $837,713 $111,794 $725,919
2024 $8,365 $821,288 $109,602 $711,686
2023 $8,173 $805,185 $107,453 $697,732
2022 $8,020 $789,398 $105,347 $684,051
2021 $7,866 $773,920 $103,281 $670,639
2020 $7,785 $765,985 $102,222 $663,763
2019 $7,652 $750,966 $100,217 $650,749
2018 $7,504 $736,242 $98,252 $637,990
2017 $7,356 $721,806 $96,325 $625,481
2016 $7,219 $707,653 $94,436 $613,217
2015 $7,111 $697,024 $93,018 $604,006
2014 $6,976 $683,371 $91,196 $592,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG20250947

California Regional Multiple Listing Service (CRMLS)

APN: 053-081-30