NOT LISTED FOR SALE

Estimated Value: $4,004,000 - $4,229,000

3 Beds
3.5 Baths
2,178 Sq Ft
$1,896/Sq Ft Est. Value

Last Sold September 10, 2019

Last sale price $2,610,000 $1,198 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $24,701/month

73 Days on Market

Highlights

  • Ocean View
  • In Ground Spa
  • Contemporary Architecture
  • Top Of The World Elementary School Rated A
  • Primary Bedroom Suite
  • Wood Flooring

About This Home

As of September 2019

Located in the desired ‘sweet spot’ of Laguna Beach, 850 Wendt Terrace is a unique combination of sweeping coastline views and an in-town location. Architecturally striking, the home makes a strong aesthetic statement with a juxtaposition of warm ipe wood with glass, concrete and metals. Abundant windows and an open flowing floorplan create a light-filled, instantly comfortable living environment. An ample ipe wood ocean view terrace is accessible from the living room, dining room and kitchen outfitted with Gaggenau and Subzero appliances. A separate family room, two bedrooms, a bath and a powder round out the main level along with a walk-out private rear yard with spa, outdoor shower and some grassy areas. The upper level is all master suite with commanding views of the coastline and a generous view terrace. In addition, the garage level of the home holds a storage mezzanine, office area with views, and a bath. 850 Wendt Terrace checks all the boxes – stunning design, panoramic views, comfortable floorplan, all within a short distance to beaches and the Laguna Beach downtown village.

Last Agent to Sell the Property

Michael Johnson

Compass License #01429647 Listed on: 05/20/2019

Compass

Co-Listed By

Sylvia Ames

Compass License #02021418

Last Buyer's Agent

Kelly Perkins

Compass License #01932146

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,342

Year Built

  • Built in 1931

Lot Details

  • 5,000 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Attached Garage
  • Parking Available

Property Views

  • Ocean
  • Coastline
  • Catalina
  • City Lights
  • Neighborhood

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,178 Sq Ft Home
  • 1-Story Property
  • Home Office
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Separate Shower

Schools

  • Top Of The World Elementary School
  • Thurston Middle School
  • Laguna Beach High School

Additional Features

  • In Ground Spa
  • Suburban Location
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 780
  • Assessor Parcel Number 64412318

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,342

Year Built

Built in 1931

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Other Phone Description: MJ Group
  • Other Phone Number: 949-207-3735
  • Property Attached: No
  • Subdivision Name Other: The Village (VIL)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 64412318
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2178.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1198.35
  • Room Type: Bonus Room, Main Floor Bedroom, Master Suite, Office, Walk-In Closet
  • Spa Features: Private, In Ground
  • Bathroom Features: Separate Tub And Shower

Exterior Features

  • View: Catalina, City Lights, Coastline, Neighborhood, Ocean
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Laguna Beach Unified
  • Elementary School: Top Of The World
  • Middle School: Thurston
  • High School: Laguna Beach
  • Elementary School: Top Of The World
  • High School: Laguna Beach
  • Middle Or Junior School: Thurston
  • Elementary School #2: TOTW
  • High School2: LAGBEA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5000.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.19
  • Tax Lot: 4
  • Tax Tract Number: 780

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2019
Closed on
Sep 3, 2019
Sold by
Nathanson Gregory A
Bought by
Sorenson Mark R and Mark R Sorenson Trust
Seller's Agent
Michael Johnson
Compass
Buyer's Agent
Kelly Perkins
Compass
List Price
$2,745,000
Sold Price
$2,610,000
Premium/Discount to List
-$135,000
-4.92%
Current Estimated Value
$4,064,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,454,965
Avg. Annual Appreciation
8.08%
Original Mortgage
$1,500,000
Outstanding Balance
$1,310,555
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,819,611

Purchase Details

Listed on
May 20, 2019
Closed on
Aug 19, 2019
Sold by
Nathanson Gregory A
Bought by
Nathanson Gregory A and Nathanson Family Trust
Seller's Agent
Michael Johnson
Compass
Buyer's Agent
Kelly Perkins
Compass
List Price
$2,745,000
Sold Price
$2,610,000
Premium/Discount to List
-$135,000
-4.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,310,555
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,819,611

Purchase Details

Closed on
Sep 10, 2010
Sold by
Laguna Nursery Inc
Bought by
Nathanson Gregory A and Nathanson Jodi C

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
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2000
Sold by
Steve Kawaratani and Steve Catharine
Bought by
Laguna Nursery Inc

Purchase Details

Closed on
Oct 20, 2000
Sold by
Kawaratani Takashi and Kawaratani Ikuko
Bought by
Kawaratani Steve and Cooper Catharine
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
Sorenson Mark R $2,610,000 Chicago Title Company
Nathanson Gregory A -- Chicago Title Company
Nathanson Gregory A $1,725,000 California Title Company
Laguna Nursery Inc $800,000 Chicago Title Co
Kawaratani Steve -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sorenson Mark R $1,500,000
Previous Owner Nathanson Gregory A $645,000
Previous Owner Nathanson Gregory A $729,750
Previous Owner Laguna Nursery Inc $625,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2019 09/10/19 Sold $2,610,000 -4.9% $1,198 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
05/20/2019 05/20/19 For Sale $2,745,000 -- $1,260 / 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 $29,342 $2,854,413 $2,172,312 $682,101
2024 $29,342 $2,798,445 $2,129,718 $668,727
2023 $28,965 $2,743,574 $2,087,959 $655,615
2022 $28,431 $2,689,779 $2,047,019 $642,760
2021 $27,827 $2,637,039 $2,006,882 $630,157
2020 $27,475 $2,610,000 $1,986,304 $623,696
2019 $21,479 $2,017,569 $1,416,139 $601,430
2018 $21,047 $1,978,009 $1,388,371 $589,638
2017 $20,615 $1,939,225 $1,361,148 $578,077
2016 $20,209 $1,901,201 $1,334,458 $566,743
2015 $19,888 $1,872,644 $1,314,414 $558,230
2014 $19,951 $1,802,837 $1,288,666 $514,171
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG19117469

California Regional Multiple Listing Service (CRMLS)

APN: 644-123-18