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984 Summit Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 2 bath

984 Summit Drive, Laguna Beach, California 92651 home-pic-0
ACTIVE$2,199,000
984 Summit Drive, Laguna Beach, California 92651
3Beds
2Baths
1,140Sqft
5,400Lot

Price Vs. Estimate

The estimated value ($2,029,396.715) is $169,603.285 (7%) lower than the list price ($2,199,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Top Cons:
Age of Property: Built in 1948, the property is older, which may suggest potential for deferred maintenance or a need for significant system/structural updates not explicitly mentioned.

Compared to the nearby listings

Price:$2.20M vs avg $3.10M ($-896,000)22%
Size:1,140 sqft vs avg 2,015.5 sqft12%
Price/sqft:$1.9K vs avg $1.6K66%

More Insights

Built in 1948 (77 years old).
Condition: The property, built in 1948, is well-maintained with hardwood floors throughout and a modern tankless water heater. However, the kitchen features dated white appliances, traditional cabinets, and older-style countertops. The bathroom also presents a traditional aesthetic with a pedestal sink and beadboard wainscoting, indicating that these key areas have not undergone extensive modern renovations within the last 15 years. While functional and clean, they show signs of being outdated and would likely require updates to meet current buyer expectations.
Year Built
1948
Close
-
List price
$2.2M
Original List price
$2.4M
Price/Sqft
$1,929
HOA
-
Days on market
-
Sold On
-
MLS number
LG24242604
Home ConditionFair
Features
Excellent View: Catalina, City Lights, Coastline, Canyon, Hills, Mountain(s), Ocean, Panoramic, Water
Deck
Patio
ViewCatalina,City Lights,Coastline,Canyon,Hills,Mountain(s),Ocean,Panoramic,Water

About this home

Welcome to 984 Summit Drive, a captivating coastal retreat nestled in the prestigious Laguna Beach, California. The property offers breathtaking Panoramic Views of the Ocean, Catalina Island, North Coast, Canyon, Hills, and City Lights, providing an enchanting backdrop from dawn till dusk. This stunning residence features a spacious view deck that overlooks the serene Bluebird Canyon, perfect for soaking in the coastal ambiance. Inside, hardwood floors grace the entirety of the home, creating an elegant and inviting atmosphere. With ocean views from most rooms, the beauty of Laguna Beach is never far away. The versatile layout includes a third bedroom that could easily function as an office or den, catering to various lifestyle needs. Practical amenities such as a two-car garage, two additional parking spots, washer and dryer, refrigerator, and gas appliances ensure convenience and comfort. Additional highlights include a tankless water heater and a low-maintenance yard, ideal for enjoying the coastal lifestyle without the hassle. A private entrance patio completes this remarkable property, offering a peaceful retreat.

Nearby schools

9/10
Top Of The World Elementary School
Public,•K-5•0.9mi
9/10
El Morro Elementary School
Public,•K-5•3.2mi
9/10
Thurston Middle School
Public,•6-8•1.0mi
9/10
Laguna Beach High School
Public,•9-12•1.0mi
Condition Rating
Fair
The property, built in 1948, is well-maintained with hardwood floors throughout and a modern tankless water heater. However, the kitchen features dated white appliances, traditional cabinets, and older-style countertops. The bathroom also presents a traditional aesthetic with a pedestal sink and beadboard wainscoting, indicating that these key areas have not undergone extensive modern renovations within the last 15 years. While functional and clean, they show signs of being outdated and would likely require updates to meet current buyer expectations.
Pros & Cons

Pros

Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Panoramic Views: The property boasts breathtaking panoramic views of the Ocean, Catalina Island, North Coast, Canyon, Hills, and City Lights from most rooms and the spacious deck.
Prestigious Location: Nestled in the highly sought-after Laguna Beach, California, offering a captivating coastal retreat in a desirable subdivision.
Enhanced Outdoor Living: Features a spacious view deck overlooking Bluebird Canyon and a private entrance patio, perfect for enjoying the coastal ambiance.
Ample Parking: Includes a two-car garage and two additional parking spots, a significant convenience in a dense coastal community.
Modern Conveniences & Low Maintenance: Equipped with practical amenities such as a tankless water heater, included appliances (washer, dryer, refrigerator, gas appliances), and a low-maintenance yard.

Cons

Age of Property: Built in 1948, the property is older, which may suggest potential for deferred maintenance or a need for significant system/structural updates not explicitly mentioned.
Compact Interior Square Footage: At 1140 sqft for a 3-bedroom home, the interior living space is relatively compact for its price point in the Laguna Beach market.
Pricing Strategy: The property has undergone a price reduction from its original list price and is currently listed above its estimated value, potentially indicating an aggressive pricing strategy or market resistance.

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