741 Summit Dr Laguna Beach, CA 92651
Summit Ridge Neighborhood
2
Beds
3
Baths
2,606
Sq Ft
0.39
Acres
Highlights
- Ocean View
- Wine Cellar
- Main Floor Bedroom
- Top Of The World Elementary School Rated A
- 0.39 Acre Lot
- No HOA
About This Home
As of January 2020Stunning ocean view Craftsman home on private, serene lot in highly desirable Woods Cove. Exquisitely updated and maintained property designed for indoor/outdoor living. The main level offers a gourmet kitchen, sunken living room with stone fireplace and beamed ceiling, and formal dining room, also with wood burning fireplace. The kitchen features a large island, granite counters, Viking stovetop, and a separate laundry/office room. Also on the main level is a bathroom and large bedroom with attached office. French doors open from the office and living room to the ocean view deck wrapping around the main level. Upstairs is a spacious master suite with ocean view balcony, an additional bath and loft with drawings to be converted to a third bedroom. The 600 bottle wine cellar, mature trees, enormous agave plants, and fruit orchard add to the feeling of Laguna Beach living at its finest. A rare opportunity to own a landmark property in a fabulous setting.
Last Agent to Sell the Property
Frank Hufnagel
Surterre Properties License #01763124 Listed on: 10/06/2014
Last Buyer's Agent
William Wedmore
Berkshire Hathaway HomeServices California Properties License #00561244
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $40,681
Year Built
- Built in 1928
Parking
- 2 Car Garage
- Parking Available
- Front Facing Garage
Interior Spaces
- 2,606 Sq Ft Home
- Wine Cellar
- Family Room with Fireplace
- Dining Room with Fireplace
- Home Office
- Ocean Views
Bedrooms and Bathrooms
- 2 Bedrooms
- Main Floor Bedroom
Additional Features
- 0.39 Acre Lot
- Suburban Location
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%
Similar Homes in Laguna Beach, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,611,000 | Chicago Title Company | |
| Grant Deed | $3,460,000 | Lawyers Title | |
| Grant Deed | $3,250,000 | Lawyers Title | |
| Grant Deed | $2,500,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Grant Deed | $945,000 | Chicago Title Co | |
| Grant Deed | $655,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,941,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $524,400 | Unknown | |
| Previous Owner | $2,437,500 | New Conventional | |
| Previous Owner | $1,379,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,350,000 | Purchase Money Mortgage | |
| Previous Owner | $600,000 | Credit Line Revolving | |
| Previous Owner | $205,000 | No Value Available | |
| Previous Owner | $207,000 | Unknown | |
| Previous Owner | $120,000 | No Value Available | |
| Previous Owner | $491,250 | No Value Available | |
| Closed | $80,000 | No Value Available |
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
Seller's Agent in 2020
Michael Johnson
Compass
(949) 278-7333
3 in this area
190 Total Sales
-
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: LG14214330
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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