NOT LISTED FOR SALE

Estimated Value: $3,392,629 - $5,549,000

3 Beds
3 Baths
1,500 Sq Ft
$2,674/Sq Ft Est. Value

Last Sold May 11, 2017

Last sale price $2,350,000 $1,567 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $24,072/month

49 Days on Market

Highlights

  • Beach Access
  • Gated with Attendant
  • Ocean Side of Highway 1
  • El Morro Elementary School Rated A+
  • Primary Bedroom Suite
  • Custom Home

About This Home

As of May 2017

Located in lower Three Arch Bay just 3 homes away from the private beach access, this dream cottage exudes seaside charm and comes completely furnished! Chic, stylish and highly upgraded, this jewel of a home also enjoys close proximity to all the wonderful amenities this idyllic community has to offer. Upon entering the private courtyard you are immediately swept away to your own beach sanctuary. The bright, open great room features a cozy wood burning fireplace, custom cabinetry, paneled walls/vaulted ceiling and tons of natural light. French doors open to a spacious outdoor living space seamlessly extending your entertaining and dining areas with a European-inspired fountain as your focal point. The inviting floor plan features 3 bedrooms, 3 bathrooms, A/C, an indoor laundry room and a rare walk-in storage room. The lower level includes an en suite bedroom plus a separate family room which can be used as the master or guest suite. This lovingly cared for residence fully maximizes every inch of space with comfort and beauty. A low maintenance home ideal for those seeking a relaxing beach lifestyle and perfectly functional as a primary or vacation residence—and enjoyable from the moment you close escrow.

Last Agent to Sell the Property

Donna Pfanner

Pacific Sotheby’s International Realty License #01501488 Listed on: 02/06/2017

Pacific Sotheby’s International Realty

Last Buyer's Agent

Tim Smith

Coldwell Banker Realty License #01346878

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,268

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 2,400 Sq Ft Lot
  • Lot Dimensions are 40x60
  • Landscaped

HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Driveway
  • Parking Permit Required

Home Design

  • Custom Home
  • Cape Cod Architecture
  • Cottage
  • Turnkey

Interior Spaces

  • 1,500 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Beamed Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Wood Burning Fireplace
  • Shutters
  • Custom Window Coverings
  • French Mullion Window
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Storage
  • Wood Flooring
  • Courtyard Views
  • Basement

Kitchen

  • Updated Kitchen
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Freezer
  • Water Line To Refrigerator
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 3 Bathrooms
  • Walk-in Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Ocean Side of Highway 1

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater
  • Sewer Assessments

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 970
  • Assessor Parcel Number 05620447

Community Details

Overview

  • Three Arch Bay Association, Phone Number (949) 499-4567
  • Built by Custom

Amenities

  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Banquet Facilities
  • Meeting Room

Recreation

  • Tennis Courts
  • Sport Court
  • Community Playground

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,268

Year Built

Built in 1956 | Remodeled

Lot Details

0

HOA Fees

$261 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Other Phone Description: Preferred
  • Other Phone Number: 714-906-0454
  • Property Attached: No
  • Security: Gated Community, Gated with Guard
  • Subdivision Name Other: Three Arch Bay (TAB)
  • View: Yes
  • Architectural Style: Cape Cod, Cottage, Custom Built
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05620447
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1500.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Crown Molding, Furnished, High Ceilings, Open Floorplan, Recessed Lighting, Storage, Wainscoting
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1566.67
  • Room Type: Basement, Family Room, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite
  • Window Features: Custom Covering, French/Mullioned, Shutters
  • Bathroom Features: Shower, Linen Closet/Storage, Remodeled, Upgraded, Walk-In Shower
  • Room Kitchen Features: Remodeled Kitchen, Stone Counters

Exterior Features

  • View: Courtyard
  • Builder Name: Custom
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Driveway, Garage, Direct Garage Access, Garage Faces Front, Permit Required
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Freezer, Disposal, Gas Range, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Water Line to Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Sewer Assessments
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Fire Pit, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Tennis Court(s), Sport Court, Clubhouse, Banquet Facilities, Meeting Room, Management, Guard, Security, Controlled Access
  • Association Fee: 2350.00
  • Association #2 Fee: 195.00
  • Association #2 Fee Frequency: Quarterly
  • Association Fee Frequency: Annually
  • Association Name: Three Arch Bay
  • Phone: 949-499-4567
  • Senior Community: No
  • Community Features: Curbs, Storm Drains

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
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: Landscaped
  • Lot Size: 40x60
  • Lot Size Sq Ft: 2400.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 6
  • Tax Tract: Three Arch Bay
  • Tax Tract Number: 970

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2017
Closed on
Apr 5, 2017
Sold by
Babcock David M and Babcock Celeste
Bought by
Jolley Doug T and Jolley Mary R
Seller's Agent
Donna Pfanner
Pacific Sotheby’s International Realty
Buyer's Agent
Tim Smith
Coldwell Banker Realty
List Price
$2,495,000
Sold Price
$2,350,000
Premium/Discount to List
-$145,000
-5.81%
Current Estimated Value
$4,011,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,661,407
Avg. Annual Appreciation
6.11%
Original Mortgage
$1,762,500
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2009
Sold by
Graves Joel R and Graves Stephanie D
Bought by
Babcock David M and Babcock Celeste

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$959,000
Interest Rate
5.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 4, 2008
Sold by
Nelson Teresa H
Bought by
Graves Joel R and Graves Stephanie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Jolley Doug T $2,350,000 Chicago Title Company
Babcock David M $1,370,000 Equity Title Orange County-I
Graves Joel R -- Equity Title Orange County-I
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jolley Doug T $1,380,000
Closed Jolley Doug T $1,762,500
Previous Owner Babcock David M $1,400,000
Previous Owner Babcock David M $959,000
Previous Owner Graves Joel R $729,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2017 05/11/17 Sold $2,350,000 -5.8% $1,567 / Sq Ft
03/27/2017 03/27/17 Pending -- -- --
02/06/2017 02/06/17 For Sale $2,495,000 -- $1,663 / 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 $29,268 $2,727,374 $2,648,505 $78,869
2024 $29,268 $2,673,897 $2,596,574 $77,323
2023 $28,505 $2,621,468 $2,545,661 $75,807
2022 $27,808 $2,570,067 $2,495,746 $74,321
2021 $27,142 $2,519,674 $2,446,810 $72,864
2020 $27,208 $2,493,838 $2,421,721 $72,117
2019 $26,945 $2,444,940 $2,374,237 $70,703
2018 $26,100 $2,397,000 $2,327,683 $69,317
2017 $17,050 $1,523,738 $1,441,408 $82,330
2016 $16,672 $1,493,861 $1,413,145 $80,716
2015 $16,236 $1,471,422 $1,391,918 $79,504
2014 $15,957 $1,442,599 $1,364,652 $77,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG17024894

California Regional Multiple Listing Service (CRMLS)

APN: 056-204-47