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553 Lombardy Lane

553 Lombardy Lane, Laguna Beach, CA 92651
House in The Village
Sold Dec 24, 2020
$1,685,000
$1,348,000 by Prosperity Home Mortgage Llc
Mortgage Due Jan 01, 2051
Sold Mar 20, 2002
$615,000
$492,000 by Wells Fargo Bank
Mortgage Due Mar 20, 2012
553 Lombardy Lane has been categorized by the local assessors in Laguna Beach, CA as a residential type of property. The building on the property was first built in 1939 and is 85 years old. The home comes with a single bedroom. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. In addition, 553 Lombardy Lane has 965 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 2,650 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 171 sqft. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 553 Lombardy Lane was last sold in Nov 18, 2020 for $1,685,000. According to our calculations, that's $1,746.11 per sqft. Prior to that sales transaction, the property was sold for $615,000 in Mar 7, 2002. Current property owners are expected to pay $18,844 in taxes per year. The property on 553 Lombardy Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,753,074. To break that down further, the land itself was valued at $1,705,091. While improvements to the property were assessed at a total of $47,983. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 171
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,650
  • Total Building Area: 965
  • Building Area: 965
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 965
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 844
  • Land Acres: 0.061
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 844 BLK LOT 18 TR 844 LOT 18 AND T 7 R 9 SEC 25 POR NW1/4

Ownership

  • Current Owner : GRIEGO THOMAS ANTHONY
  • Current Owner 2: GRIEGO SANDRA
  • Previous Owner : WELCH WILLIAM R
  • Previous Owner 2: WELCH SANDEE L
  • Owner Before Previous Owner: RUSSO J SCOTT J
  • Owner Before Previous Owner 2: RUSSO KIMBERLY S
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Feb 11, 2024

Neighborhood

  • School District Name: Laguna Beach Unified School District
  • Census Tract: 062619

Geography

  • Assessors Map Reference: 34-E2
  • Subdivision Tract Number: 844
  • Parcel: 644-097-61
  • Lot: 18
  • Latitude: 33.5363
  • Longitude: -117.774

    Address

  • Full Address: 553 Lombardy Ln
  • Address - House Number: 553
  • Address - Street Name: Lombardy
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Laguna Beach
  • Carrier Code: C034
  • 4-Digit Zip Code: 2965
  • Zip Code: 92651

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $18,844
  • Tax Rate Code Area: 05-003

    Appraisal Valuation

  • Standard Deviation: 0.1677
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 2,290,664
  • High Value: 2,674,861
  • Low Value: 1,906,467

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,348,000
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 24, 2020
  • First Open Lien Mortgage Loan Amount: $1,348,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,753,074
  • Assessed Land Value: $1,705,091
  • Assessed Improvements Value: $47,983

    Sales

  • Current Sale Contract Date: Nov 18, 2020
  • Current Sale Recording Date: Dec 24, 2020
  • Current Sale Transaction ID: 11809482996
  • Current Sale Price: $1,685,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020000765569
  • Previous Sale Recording Date: Mar 20, 2002
  • Previous Sale Contract Date: Mar 07, 2002
  • Previous Sale Amount: $615,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Dec 24, 2020
  • First Mortgage Loan Amount: $1,348,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK
  • Previous Mortgage Transaction Date: Mar 20, 2002
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $492,000
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: Credit Line (Revolving)
  • Previous Mortgage Loan Due Date: Mar 20, 2012

About The Village



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Frequently Asked Questions

What neighborhood is 553 Lombardy Lane located in?
The 553 Lombardy Lane is a house located in the neighborhood of The Village in The Village, Laguna Beach.
What is the average sales price for listings in 553 Lombardy Lane?
The average sales price for units in 553 Lombardy Lane is $1,725,000 , or $1,474/sqft. currently.

Nearby Counties
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