Two Laguna Beach Homes Built in 1925 Come On The Market This Week

Posted by Sam Smith Team on Wednesday, March 28th, 2012 at 8:09am.

Two Laguna Beach Homes Built in 1925 have come on the market this week making it a great opportunity to own a piece of Laguna Beach History. Located in prime locations in North Laguna and the Laguna Village lie this two historic homes for sale. 1762 Glenneyre St, Laguna Beach is currently priced at $1,495,000 and enjoys the benefit of the Mills Act tax break and located in the prime Woods Cove area of Laguna Beach, California. The Mills Act is a federally run program to give tax benefits to historic home owners in order for them to preserve the historic integrity of the homes. This can be a significant tax savings, especially in California when the normal tax rate is 1% of the purchase price. Each property covered under the Mills Act will slighlty differ in the amount of taxes paid so make sure to confirm the number with your local real estate agent. A new buyer of the property can easily take over the program when purchasing the home. They would have to agree in writing with the Mills Act that they would continue to maintain the home in it's original condition and not take any exterior structural modifications without going through them first. It's a very easy process and the huge tax savings are worth the effort. The other historic home to come on the market is located in the prestigious North Laguna area located at 152 High Drive and is currently priced at $999,000 that is zoned R2 with great curb appeal. There are currently 68 historic homes on the market in Laguna Beach in all different price ranges. If you are in the market to buy a historic home make sure you work with a local realtor who can explain the benefits and unique nuances of owning a historic Laguna Beach home.

Leave a Comment