741 Summit Dr Laguna Beach, CA 92651
Summit Ridge Neighborhood
4
Beds
3.5
Baths
2,840
Sq Ft
0.39
Acres
Highlights
- Ocean View
- Wine Cellar
- 16,800 Sq Ft lot
- Top Of The World Elementary School Rated A
- Custom Home
- Open Floorplan
About This Home
As of January 2020Gorgeous Woods Cove Ocean View Estate on 1/3 acre parcel. This four bed, four bath Craftsman style masterpiece, elevates the definition of taste and elegance to new heights. Indoor and outdoor scenes symphonically coexist with stunning floor to ceiling windows that join the best of both worlds together in harmony. The crystal-blue Pacific Ocean is the centerpiece of this magnificent home nestled amongst a variety of green, mature trees that create an unparalleled sense of privacy in the heart of the town; escape is no longer just a dream – in this exclusive estate, it becomes tangible reality. Spend the day in utter relaxation on one of several oversized decks and patios that wrap around the perimeter of this retreat or enjoy a casual walk on one of the trails that can be found on the 16,000+ square foot lot. The home’s interior rivals the stunning views that nature has provided just outside. Warm, hardwood floors, exposed beam ceilings, and a natural stone fireplace make the living room a tranquil refuge with the ocean beckoning in the distance. A grand gourmet kitchen awaits the finest culinary talents with a luxurious Wolf range and stunning Marble island & countertops. The master bedroom will leave you in awe with its private ocean view deck and spacious master bath. A climate-controlled 700+ bottle wine cellar awaits the discerning connoisseur. A/C, 2-car garage, and a long driveway with extra parking. THIS IS THE IDEAL LAGUNA HOME.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #00776546 Listed on: 10/30/2016
Co-Listed By
PATRICK TOOHEY
Berkshire Hathaway HomeServices California Properties License #01950014
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $40,681
Year Built
- Built in 1928
Lot Details
- 0.39 Acre Lot
- Lot Sloped Down
Parking
- 3 Open Parking Spaces
- 2 Car Garage
Property Views
- Ocean
- Coastline
- Catalina
Home Design
- Custom Home
- Cape Cod Architecture
- Craftsman Architecture
Interior Spaces
- 2,840 Sq Ft Home
- Open Floorplan
- Formal Entry
- Wine Cellar
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Dining Room with Fireplace
- Wood Flooring
- Laundry Room
Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Breakfast Bar
- Kitchen Island
- Stone Countertops
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
Outdoor Features
- Patio
- Terrace
Location
- Suburban Location
Utilities
- Forced Air Heating and Cooling System
- Sewer Paid
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: LG16736384
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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