NOT LISTED FOR SALE

Estimated Value: $8,678,000 - $9,498,821

4 Beds
4.5 Baths
2,545 Sq Ft
$3,587/Sq Ft Est. Value

Last Sold July 12, 2022

Last sale price $8,450,000 $3,320 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $57,460/month

6 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • In Ground Pool
  • El Morro Elementary School Rated A+
  • Gated with Attendant
  • Custom Home

About This Home

As of July 2022

Impeccable, chic, and set near the beach, this is a rare opportunity to secure a newly rebuilt home in the sought-after community of lower Three Arch Bay. A project 3+ years in the making, this incredible custom residence has luxurious finishes and on-trend features, from the exposed-beam vaulted ceilings to the custom white oak woodwork and Warren Christopher European flooring throughout. A basalt stone fireplace lends warmth to the open living room and dining area where glass sliders allow a seamless indoor/outdoor flow. In your high-end kitchen, you’ll have bespoke cabinetry, Sub Zero Refrigerator, Wolf 48’ Gourmet Range, and an oversized Calacatta marble-topped island. An expansive covered porch is ideal for enjoying spectacular, truly mesmerizing ocean views. Escape to your secluded retreats, all fitted with ensuite baths. Surpassing all in size, the primary suite has a large walk-in closet, plus an ensuite featuring dual vanities and a shower with bench seating. Outside, weekend BBQs are bliss in the backyard overlooking the private, in-ground pool surrounded by beautifully landscaped hedges and fruitless olive trees. Noteworthy items include HVAC, pre-wiring for surround sound, quick beach access, community amenities that make this neighborhood one of Southern California's favorites. This home is where casual comfort meets coastal luxury and class. A true beach home in every sense and a very rare coastal real estate offering. Come take a tour while the opportunity lasts!

Last Agent to Sell the Property

Jill Witte

Berkshire Hathaway HomeServices California Properties License #01790889 Listed on: 06/05/2022

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Spencer Wall

Pacific Sotheby’s International Realty License #01840729

Last Buyer's Agent

Jill Witte

Berkshire Hathaway HomeServices California Properties License #01790889 Listed on: 06/05/2022

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $89,281

Year Built

  • Built in 1937 | Remodeled

Lot Details

  • 5,400 Sq Ft Lot
  • Property fronts a private road
  • Southwest Facing Home
  • Wood Fence
  • Density is up to 1 Unit/Acre

HOA Fees

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces
  • Parking Available

Property Views

  • Ocean
  • Coastline
  • Catalina

Home Design

  • Custom Home
  • Turnkey
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Slab Foundation
  • Slate Roof
  • Stucco

Interior Spaces

  • 2,545 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Wood Frame Window
  • Entryway
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Wood Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Electric Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Maid or Guest Quarters
  • Stone Bathroom Countertops
  • Bathtub
  • Walk-in Shower

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • Beach Access
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 180
  • Assessor Parcel Number 05620342
  • $1,816 per year additional tax assessments

Community Details

Overview

  • Three Arch Bay Association, Phone Number (949) 499-4567
  • Three Arch Bay Homeowners Association
  • Three Arch Bay Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court
  • Community Playground
  • Park

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$89,281

Year Built

Built in 1937 | Remodeled

Lot Details

0

HOA Fees

$286 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Ad Number: 949-439-4040
  • Inclusions: Dual stacked Whirlpool washer/dryer, appliances.
  • Other Phone Description: 949-439-4040
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Gated with Attendant
  • Subdivision Name Other: Three Arch Bay (TAB)
  • View: Yes
  • Architectural Style: Custom Built
  • Property Condition: Repairs Cosmetic, Repairs Major, Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05620342
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2545.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Built-in Features, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Unfurnished, Wired for Sound
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Family Kitchen, In Family Room
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 3320.24
  • Room Type: Entry, Family Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Window Features: Skylight(s), Wood Frames
  • Bathroom Features: Bathtub, Shower, Stone Counters
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Direction Faces: Southwest
  • Foundation: Slab
  • Exterior Features: Lighting
  • View: Catalina, Coastline, Ocean
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Covered, Deck, Patio, Front Porch
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Slate
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Playground, Tennis Court(s), Sport Court, Clubhouse, Security
  • Association Fee: 2650.00
  • 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: Park, Street Lights
  • Association Management: Three Arch Bay Homeowners Association

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5400.00
  • Lot Size Acres: 0.1240

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5400.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Census Tract: 423.05
  • Tax Lot: 2
  • Tax Tract Number: 180
  • TaxOtherAnnualAssessmentAmount: 1816.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2024
Sold by
Somer Annika
Bought by
Annika Somer Living Trust and Somer
Current Estimated Value
$9,127,705

Purchase Details

Closed on
Apr 1, 2019
Sold by
Ferrari Elizabeth G
Bought by
Ferrari Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 1, 2018
Closed on
May 7, 2018
Sold by
Schwalm Laura
Bought by
Ferrari Michael B and Ferrari Elizabeth G
Seller's Agent
Charles Aufhammer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kelly Brennan
Compass
List Price
$3,900,000
Sold Price
$3,650,000
Premium/Discount to List
-$250,000
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.50%
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
Annika Somer Living Trust -- None Listed On Document
Ferrari Michael B -- Lawyers Title
Ferrari Michael B $3,650,000 California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferrari Michael B $1,880,000
Previous Owner Ferrari Michael B $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2022 07/12/22 Sold $8,450,000 -0.6% $3,320 / Sq Ft
06/12/2022 06/12/22 Pending -- -- --
06/05/2022 06/05/22 For Sale $8,500,000 +132.9% $3,340 / Sq Ft
05/15/2018 05/15/18 Sold $3,650,000 -6.4% $1,298 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
04/01/2018 04/01/18 For Sale $3,900,000 -- $1,387 / 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 $89,281 $1,513,182 $1,422,391 $90,791
2024 $89,281 $8,619,000 $8,095,785 $523,215
2023 $87,425 $8,450,000 $7,937,044 $512,956
2022 $41,831 $3,958,667 $3,529,381 $429,286
2021 $40,544 $3,820,589 $3,460,177 $360,412
2020 $41,224 $3,797,460 $3,424,697 $372,763
2019 $39,743 $3,723,000 $3,357,546 $365,454
2018 $5,766 $412,264 $81,450 $330,814
2017 $5,521 $404,181 $79,853 $324,328
2016 $5,407 $396,256 $78,287 $317,969
2015 $5,092 $390,304 $77,111 $313,193
2014 $5,017 $382,659 $75,601 $307,058
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG22115455

California Regional Multiple Listing Service (CRMLS)

APN: 056-203-42