Seller's Agent in 2020
Michael Johnson
Compass
(949) 278-7333
3 in this area
190 Total Sales
741 Summit Dr Laguna Beach, CA 92651
Summit Ridge NeighborhoodEstimated Value: $4,008,000 - $5,996,000
4
Beds
3.5
Baths
2,756
Sq Ft
$1,892/Sq Ft
Est. Value
Highlights
- Ocean View
- Wine Cellar
- Custom Home
- Top Of The World Elementary School Rated A
- Primary Bedroom Suite
- Updated Kitchen
About This Home
As of January 2020Nestled serenely above Woods Cove, this unique property overlooks gorgeous ocean views and offers unbelievable privacy on an enormous parcel with lush gardens - this is the home you have been looking for! The home has an exceptional floor plan spilling onto sunny outdoor decks and patios, all with ocean views. With four bedrooms, 3 baths, a powder room, formal living and dining rooms, custom stone fireplace, and a temperature controlled wine room, the home beautifully lends itself to both intimate weekends at home or grand entertaining. Light-filled and bright, the master bedroom features a private ocean view deck. Uncommon workmanship and detailing are displayed throughout. The stunning kitchen was crafted with the finest white marble and top of the line appliances. Beautiful hardwood flooring throughout, crown moldings, and solid wood paneled doors, beautiful built-in cabinetry, traditional staircase, and a huge entertaining deck off the living room with a view of the Pacific Ocean and Catalina Island. This home is private and quiet, the ocean breezes blow gently, the birds chirp in the many mature citrus, avocado, and native California plants. A walking path on the property connects the property to the street below for an easy trip to the beach. Exuding California coastal cool - this is the ideal Laguna Beach home!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $40,681
Year Built
- Built in 1928
Lot Details
- 0.39 Acre Lot
- Fenced
- Fence is in excellent condition
- Landscaped
- Sprinkler System
Parking
- 2 Car Garage
- 6 Open Parking Spaces
- Parking Available
- Auto Driveway Gate
- Driveway
Property Views
- Ocean
- Catalina
- City Lights
- Woods
- Neighborhood
Home Design
- Custom Home
- Cape Cod Architecture
- Cottage
Interior Spaces
- 2,756 Sq Ft Home
- Built-In Features
- Crown Molding
- Fireplace With Gas Starter
- Formal Entry
- Wine Cellar
- Living Room with Fireplace
- Living Room Balcony
- Dining Room
- Storage
- Laundry Room
- Wood Flooring
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Gas Oven
- Gas Range
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom Suite
- Dual Vanity Sinks in Primary Bathroom
- Soaking Tub
- Bathtub with Shower
- Linen Closet In Bathroom
Schools
- Top Of The World Elementary School
- Thurston Middle School
- Laguna Beach High School
Additional Features
- Patio
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 415
- Assessor Parcel Number 64425202
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2019
Closed on
Dec 27, 2019
Sold by
Nilsen Daniel J and Nilsen Family Trust
Bought by
Nocella Andrew Paul
Seller's Agent
Michael Johnson
Compass
Buyer's Agent
Veronica Klein
Compass
List Price
$3,745,000
Sold Price
$3,611,000
Premium/Discount to List
-$134,000
-3.58%
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
$1,604,260
Avg. Annual Appreciation
6.66%
Purchase Details
Listed on
Oct 30, 2016
Closed on
Feb 6, 2017
Sold by
Taborelli Thomas
Bought by
Nilsen Daniel J and Nilsen Family Trust
Seller's Agent
Mark Christy
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Nicholas Hooper
Compass
List Price
$3,495,000
Sold Price
$3,460,000
Premium/Discount to List
-$35,000
-1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.51%
Original Mortgage
$2,941,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Jun 15, 2015
Closed on
May 26, 2015
Sold by
Hooper Claire K and Hooper Nicholas
Bought by
Taborelli David Jay
Seller's Agent
Michael Johnson
Compass
Buyer's Agent
Mark Christy
Berkshire Hathaway HomeServices California Properties
List Price
$3,650,000
Sold Price
$3,250,000
Premium/Discount to List
-$400,000
-10.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%
Original Mortgage
$524,400
Interest Rate
3.64%
Mortgage Type
Unknown
Purchase Details
Listed on
Oct 6, 2014
Closed on
Oct 21, 2014
Sold by
Young Duane A and Young Margaret A
Bought by
Hooper Claire K and Hooper Nicholas W
Seller's Agent
Frank Hufnagel
Surterre Properties
Buyer's Agent
William Wedmore
Berkshire Hathaway HomeServices California Properties
List Price
$2,495,000
Sold Price
$2,500,000
Premium/Discount to List
$5,000
0.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.74%
Original Mortgage
$1,350,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Oct 6, 2014
Closed on
Sep 23, 2014
Sold by
Young Duane A and Young Margaret A
Bought by
Young Duane A and Young Margaret A
Seller's Agent
Frank Hufnagel
Surterre Properties
Buyer's Agent
William Wedmore
Berkshire Hathaway HomeServices California Properties
List Price
$2,495,000
Sold Price
$2,500,000
Premium/Discount to List
$5,000
0.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 23, 2011
Sold by
Young Duane A and Young Margaret Alexander
Bought by
Young Duane A and Young Margaret Alexander
Purchase Details
Closed on
Aug 23, 2010
Sold by
Young Duane A and Young Margaret Alexander
Bought by
Young Duane A and Young Margaret Alexander
Purchase Details
Closed on
Dec 30, 2002
Sold by
Young Duane A and Young Margaret
Bought by
Young Duane A and Young Margaret Alexander
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
5.85%
Purchase Details
Closed on
Oct 23, 2001
Sold by
Young Duane A and Young Margaret Alexander
Bought by
Young Duane A and Young Margaret Alexander
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
6.67%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 7, 2000
Sold by
Young Duane A and Young Margaret Alexander
Bought by
Young Duane A and Young Margaret Alexander
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.63%
Purchase Details
Closed on
Jul 4, 2000
Sold by
Young Duane A and Young Margaret Alexander
Bought by
Young Duane A and Young Margaret Alexander
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.63%
Purchase Details
Closed on
Mar 29, 2000
Sold by
Ann Arrowsmith Gregory Scott
Bought by
Young Duane A and Young Margaret Alexander
Purchase Details
Closed on
Aug 20, 1998
Sold by
Graham Brandom Diana and Graham Diana D
Bought by
Arrowsmith Gregory Scott and Arrowsmith Beverly Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$491,250
Interest Rate
6.92%
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 |
|---|---|---|---|
| Nocella Andrew Paul | $3,611,000 | Chicago Title Company | |
| Nilsen Daniel J | $3,460,000 | Lawyers Title | |
| Taborelli David Jay | $3,250,000 | Lawyers Title | |
| Hooper Claire K | $2,500,000 | Chicago Title Company | |
| Young Duane A | -- | None Available | |
| Young Duane A | -- | None Available | |
| Young Duane A | -- | None Available | |
| Young Duane A | -- | -- | |
| Young Duane A | -- | Old Republic Title Company | |
| Young Duane A | -- | Old Republic Title Company | |
| Young Duane A | -- | Chicago Title Co | |
| Young Duane A | -- | Chicago Title Co | |
| Young Duane A | $945,000 | Chicago Title Co | |
| Arrowsmith Gregory Scott | $655,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Nilsen Daniel J | $2,941,000 | |
| Previous Owner | Taborelli David Jay | $524,400 | |
| Previous Owner | Taborelli David Jay | $2,437,500 | |
| Previous Owner | Hooper Claire K | $1,379,000 | |
| Previous Owner | Hooper Claire K | $1,350,000 | |
| Previous Owner | Young Duane A | $600,000 | |
| Previous Owner | Young Duane A | $205,000 | |
| Previous Owner | Young Duane A | $207,000 | |
| Previous Owner | Young Duane A | $120,000 | |
| Previous Owner | Arrowsmith Gregory Scott | $491,250 | |
| Closed | Young Duane A | $80,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2020 01/31/20 | Sold | $3,611,000 | -3.6% | $1,310 / Sq Ft |
| 12/24/2019 12/24/19 | Pending | -- | -- | -- |
| 10/07/2019 10/07/19 | For Sale | $3,745,000 | +8.2% | $1,359 / Sq Ft |
| 03/27/2017 03/27/17 | Sold | $3,460,000 | -1.0% | $1,218 / Sq Ft |
| 02/02/2017 02/02/17 | For Sale | $3,495,000 | +1.0% | $1,231 / Sq Ft |
| 11/28/2016 11/28/16 | Off Market | $3,460,000 | -- | -- |
| 10/30/2016 10/30/16 | For Sale | $3,495,000 | +7.5% | $1,231 / Sq Ft |
| 06/15/2015 06/15/15 | Sold | $3,250,000 | -3.7% | $1,247 / Sq Ft |
| 02/25/2015 02/25/15 | Price Changed | $3,375,000 | -7.5% | $1,295 / Sq Ft |
| 02/09/2015 02/09/15 | For Sale | $3,650,000 | +46.0% | $1,401 / Sq Ft |
| 11/04/2014 11/04/14 | Sold | $2,500,000 | +0.2% | $959 / Sq Ft |
| 10/06/2014 10/06/14 | Pending | -- | -- | -- |
| 10/06/2014 10/06/14 | For Sale | $2,495,000 | -- | $957 / Sq Ft |
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 | $40,681 | $3,985,227 | $3,619,895 | $365,332 |
| 2024 | $40,681 | $3,907,793 | $3,548,917 | $358,876 |
| 2023 | $39,688 | $3,795,804 | $3,479,330 | $316,474 |
| 2022 | $38,883 | $3,721,377 | $3,411,108 | $310,269 |
| 2021 | $38,079 | $3,648,409 | $3,344,223 | $304,186 |
| 2020 | $38,166 | $3,671,779 | $3,387,460 | $284,319 |
| 2019 | $37,486 | $3,599,784 | $3,321,039 | $278,745 |
| 2018 | $36,741 | $3,529,200 | $3,255,920 | $273,280 |
| 2017 | $35,112 | $3,365,553 | $3,075,520 | $290,033 |
| 2016 | $34,730 | $3,299,562 | $3,015,215 | $284,347 |
| 2015 | $26,728 | $2,500,000 | $2,219,924 | $280,076 |
| 2014 | -- | $759,392 | $182,261 | $577,131 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Johnson
-
Andrew Graff
A
Seller Co-Listing Agent in 2020
Andrew Graff
Compass
(949) 698-1900
1 in this area
10 Total Sales
-
Veronica Klein
Buyer's Agent in 2020
Veronica Klein
Compass
(310) 704-3554
22 Total Sales
-
Mark Christy
Seller's Agent in 2017
Mark Christy
Berkshire Hathaway HomeServices California Properties
(949) 499-5900
29 Total Sales
-
P
Seller Co-Listing Agent in 2017
PATRICK TOOHEY
Berkshire Hathaway HomeServices California Properties
-
Nicholas Hooper
Buyer's Agent in 2017
Nicholas Hooper
Compass
(949) 939-7083
1 in this area
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG19232844
APN: 644-252-02
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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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