Seller's Agent in 2025
Steve Colvin
Premier Cal Realty, Inc.
(949) 633-7014
76 Total Sales
SOLD OCT 30, 2024
RENTED MAR 18, 2025
862 Summit Dr Laguna Beach, CA 92651
Summit Ridge Neighborhood
4
Beds
3
Baths
2,280
Sq Ft
4,800
Sq Ft Lot
Highlights
- Ocean View
- Art Studio
- Updated Kitchen
- Top Of The World Elementary School Rated A
- Heated Spa
- Open Floorplan
About This Home
As of October 2024Welcome home to the perfect blend of location, lifestyle, views and privacy! 862 Summit Drive allows ease of proximity to the beach, while also feeling tucked away in your own private haven. Surrounded by lush trees and landscape, this street to street lot is a unique find! Green views are enhanced by views of the blue water ocean, Catalina Island and seasonal vibrant sunsets. Wonderful natural light and cross breezes make this such a comfortable, inviting place to call home. An entertainer's home indoors and out, with a large great room that will accommodate memorable gatherings large or small. High vaulted ceiling with wood detail, gas burning fireplace, skylight and large picture windows. Several sets of French doors lead to the wrap around deck, featuring a built-in barbecue, private spa and two alfresco dining areas. A granite kitchen with long countertop assures ample preparation space, complete with double stainless sink and stainless steel appliances. A breakfast nook for early coffee and a den retreat for restful evenings are conveniently off the kitchen with ocean view. Featuring a primary suite on the upper level main floor with built-in closet organizers plus double door closet with storage room access. The bedroom suite has a wonderful ocean cross breeze, en suite remodeled bath and access to deck. Three additional bedrooms on the lower level, including one with en suite shower/tub bathroom and one currently used as office. Laundry room with prep sink and additional shower are added conveniences. Covered carport and lengthy driveway allow for multiple vehicles.
Last Agent to Sell the Property
Engel & Völkers Brokerage Phone: 949-422-6122 License #01357096 Listed on: 07/08/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,172
Year Built
- Built in 1962
Lot Details
- 4,800 Sq Ft Lot
- Landscaped
- Front and Back Yard Sprinklers
Property Views
- Ocean
- Catalina
- Hills
Home Design
- Traditional Architecture
- Entry on the 1st floor
- Raised Foundation
- Shingle Roof
- Wood Siding
Interior Spaces
- 2,280 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Beamed Ceilings
- High Ceiling
- Ceiling Fan
- Skylights
- Recessed Lighting
- Track Lighting
- Wood Burning Fireplace
- Window Screens
- Double Door Entry
- French Doors
- Living Room with Fireplace
- Living Room with Attached Deck
- Den
- Art Studio
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Double Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Granite Countertops
- Built-In Trash or Recycling Cabinet
- Trash Compactor
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Primary Bedroom on Main
- 3 Full Bathrooms
- Stone Bathroom Countertops
- Walk-in Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 4 Open Parking Spaces
- 6 Parking Spaces
- 2 Attached Carport Spaces
- Parking Available
- Up Slope from Street
- Driveway
- Parking Lot
- Off-Street Parking
Pool
- Heated Spa
- Above Ground Spa
- Fiberglass Spa
Outdoor Features
- Patio
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
- Wrap Around Porch
Utilities
- Central Heating
- Natural Gas Connected
- Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Summit Ridge Subdivision
Listing and Financial Details
- Tax Lot 223
- Tax Tract Number 764
- Assessor Parcel Number 64424502
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 8, 2024
Closed on
Sep 13, 2024
Sold by
Gufarotti Jeffrey G and Gufarotti Madelynn G
Bought by
Behzad And Tavassol Family Trust and Farahi
Seller's Agent
Amanda Horton
Engel & Völkers
Buyer's Agent
Lisa Zahm
First Team Real Estate
List Price
$2,299,000
Sold Price
$2,171,000
Premium/Discount to List
-$128,000
-5.57%
Views
70
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
$502,905
Avg. Annual Appreciation
23.67%
Original Mortgage
$1,628,250
Interest Rate
6.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 16, 2007
Sold by
Gufarotti Jeffrey G and Gufarotti Madelynn G
Bought by
Gufarotti Jeffrey G and Gufarotti Madelynn G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,235,503
Interest Rate
7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 7, 2005
Sold by
Gufarotti Jeffrey G and Gufarotti Madelynn G
Bought by
Gufarotti Jeffrey G and Gufarotti Madelynn G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 12, 2003
Sold by
Browner Carole H
Bought by
Gufarotti Jeffrey G and Gufarotti Mady G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 8, 1996
Sold by
Rubel Arthur J and Rubel Carole Browner
Bought by
Rubel Arthur J and Browner Carole H
Purchase Details
Closed on
Aug 3, 1993
Sold by
Rubel Arthur J and Browner Carole
Bought by
Rubel Arthur J and Browner Carole
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 | $2,171,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $795,000 | Chicago Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,628,250 | New Conventional | |
| Previous Owner | $1,235,503 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $975,000 | New Conventional | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $850,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $85,000 | Stand Alone Second | |
| Previous Owner | $680,000 | Unknown | |
| Previous Owner | $79,500 | Credit Line Revolving | |
| Previous Owner | $636,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2025 03/18/25 | Rented | $7,995 | 0.0% | -- |
| 03/18/2025 03/18/25 | Under Contract | -- | -- | -- |
| 03/14/2025 03/14/25 | For Rent | $7,995 | 0.0% | -- |
| 10/30/2024 10/30/24 | Sold | $2,171,000 | -5.6% | $952 / Sq Ft |
| 09/12/2024 09/12/24 | Pending | -- | -- | -- |
| 07/08/2024 07/08/24 | For Sale | $2,299,000 | -- | $1,008 / 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 | $12,172 | $2,171,000 | $1,987,063 | $183,937 |
| 2024 | $12,172 | $1,108,157 | $932,145 | $176,012 |
| 2023 | $12,189 | $1,086,429 | $913,868 | $172,561 |
| 2022 | $11,899 | $1,065,127 | $895,949 | $169,178 |
| 2021 | $11,610 | $1,044,243 | $878,382 | $165,861 |
| 2020 | $11,424 | $1,033,536 | $869,375 | $164,161 |
| 2019 | $11,202 | $1,013,271 | $852,328 | $160,943 |
| 2018 | $10,969 | $993,403 | $835,615 | $157,788 |
| 2017 | $10,733 | $973,925 | $819,230 | $154,695 |
| 2016 | $10,511 | $954,829 | $803,167 | $151,662 |
| 2015 | $10,333 | $940,487 | $791,103 | $149,384 |
| 2014 | $10,122 | $922,065 | $775,607 | $146,458 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Colvin
-
Amanda Horton
Seller's Agent in 2024
Amanda Horton
Engel & Völkers
(949) 422-6122
2 in this area
64 Total Sales
-
Jace Horton
J
Seller Co-Listing Agent in 2024
Jace Horton
Engel & Völkers
(949) 464-3200
2 in this area
67 Total Sales
-
Lisa Zahm
Buyer's Agent in 2024
Lisa Zahm
First Team Real Estate
(310) 699-3646
1 in this area
35 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG24139280
APN: 644-245-02
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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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