NOT LISTED FOR SALE

Estimated Value: $5,306,420 - $6,197,000

5 Beds
5 Baths
4,585 Sq Ft
$1,232/Sq Ft Est. Value

Last Sold August 06, 2024

Last sale price $5,557,500 $1,212 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $32,461/month

39 Days on Market

Highlights

  • Lake Front
  • Private Dock
  • Rooftop Deck
  • Rio Vista Elementary Rated A-
  • Heated In Ground Pool
  • Open Floorplan

About This Home

As of August 2024

Introducing an exquisite unique waterfront contemporary residence nestled in the prestigious enclave of Toluca Lake! This remarkable renovated two-story home spans an impressive 4,585 square feet and is situated on a sprawling 10,000-square-foot lot. Revel in the panoramic vistas of majestic mountains and tranquil lake waters. Every detail of this home has been meticulously remodeled to perfection, featuring expansive open living spaces enhanced with seamless hardwood flooring. Step onto the covered patio, complete with a charming wet bar and fireplace, creating an inviting ambiance for year-round gatherings and relaxation. A captivating dining area adjacent to the living room boasts custom built-ins and breathtaking lake views. The state-of-the-art kitchen is a chef's dream, equipped with a professional-grade 60" Wolf range and hood, spacious refrigerator/freezer, stainless steel farm sink, luxurious quartz surfaces, ample storage, and an oversized island with a convenient prep sink. The residence has 5 beds and 3 full baths plus two half baths, all appointed with upscale finishes and modern amenities. The primary suite is a sanctuary unto itself. It features dual balconies offering sweeping views, and an en-suite bathroom with a glass-enclosed 'wet room' complete with a separate tub and shower system. The fifth bedroom was converted into a media room with a built-in bar. Nothing can beat the outside! An oasis designed for relaxation and recreation. Delight in a lakeside, yes a lakeside, paradise that includes a sparkling pool and spa, an expansive party deck perfect for entertaining, and your very own private dock providing an enchanting setting to dine beneath the stars amidst the backdrop of a soaring lake fountain. In addition, being a resident of this lake community, you also get access to a private park. There is truly nothing better than watching a sunset on a Duffy Boat. Experience a lifestyle of unparalleled sophistication in this magnificent rare Toluca Lake retreat. You won't feel like you live in LA anymore.

Last Agent to Sell the Property

Craig Strong

Compass License #01450987 Listed on: 06/17/2024

Compass

Last Buyer's Agent

Natalie Bayaslyan

Strategic Estates Group License #02104165

Strategic Estates Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,393

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 10,003 Sq Ft Lot
  • Lot Dimensions are 50x200
  • Lake Front
  • North Facing Home
  • Gated Home
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Landscaped
  • Rectangular Lot
  • Sprinklers on Timer
  • Back and Front Yard
  • Property is zoned LAR1

HOA Fees

  • $392 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Driveway
  • Automatic Gate

Property Views

  • Lake
  • Woods
  • Trees
  • Hills
  • Park or Greenbelt
  • Pool

Home Design

  • Contemporary Architecture
  • Turnkey
  • Shingle Roof

Interior Spaces

  • 4,585 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Custom Window Coverings
  • Window Screens
  • Double Door Entry
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Area
  • Bonus Room
  • Storage
  • Partial Basement

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • Jack-and-Jill Bathroom
  • Powder Room
  • Double Vanity
  • Bathtub with Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Private Dock
  • Balcony
  • Rooftop Deck
  • Slab Porch or Patio
  • Outdoor Fireplace
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 2424-031-018

Community Details

Overview

  • Community Lake

Amenities

  • Picnic Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,393

Year Built

Built in 1940 | Remodeled

Lot Details

0

HOA Fees

$392 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level - no steps
  • Living Area: 4585
  • Lot Acreage: 0.2296
  • Lot Dimensions: 50x200
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1940
  • Number Of Photos: 74
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Basement - Partial, Built-Ins, Open Floor Plan, Pre-wired for high speed Data, Pre-wired for surround sound, Recessed Lighting, Storage Space, Turnkey
  • Fireplace Rooms: Exterior, Gas, Living Room
  • Flooring: Tile, Hardwood
  • Appliances: Built-Ins, Gas, Microwave, Oven, Range, Range Hood
  • Bedrooms: 5
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 2
  • Bedroom Features: Dressing Area, Main Floor Bedroom, Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Dual Entry (Jack & Jill) Bath, Fiberglass Shower Enclosure, Linen Closet, Powder Room, Remodeled, Shower and Tub, Shower Over Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, In Kitchen, Kitchen Island
  • Kitchen Features: Counter Top, Island, Quartz Counters, Remodeled, Pantry
  • Laundry: In Kitchen, Room, Inside
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1351.15
  • Windows: Custom Window Covering, Double Pane Windows, Screens

Exterior Features

  • Direction Faces: North
  • Other Features: Balcony, Barbecue Private, Dock Private, Double Door Entry, Rain Gutters, Sliding Glass Doors, Sprinkler System
  • Other Structures: None
  • Tennis Court Y/N: No
  • Fence: Block, Wood, Wrought Iron
  • Patio: Deck(s), Balcony, Concrete Slab, Roof Top Deck
  • Pool Description: Heated And Filtered, In Ground
  • Pool: Yes
  • Roof: Shingle
  • Spa: Heated, In Ground, Private
  • Spa Yn: Yes
  • View: Hills, Lake, Park, Pool, Tree Top, Trees/Woods
  • View: Yes
  • Waterfront: Lake

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Auto Driveway Gate, Direct Entrance, Door Opener, Driveway, Garage - 2 Car, Garage Is Attached
  • Total Parking: 2

Utilities

  • Water Heater: Tankless, Instant Hot Water, Gas
  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Exterior Security Lights, Gated, Owned, Prewired for alarm system, Smoke Detector
  • Sewer: In Street
  • Water: Public

Association/Amenities

  • Amenities: Picnic Area, Lake or Pond

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • HOA Fees: 4700.00
  • HOA: Yes

Lot Info

  • Sprinklers: Sprinkler System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 2424-031-018
  • Lot Description: Automatic Gate, Back Yard, Exterior Security Lights, Fenced, Front Yard, Landscaped, Lot Shape-Rectangular, Sidewalks, Street Lighting
  • Lot Location: Lake Front
  • Lot Size Area: 10003

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2024
Closed on
Jul 30, 2024
Sold by
J Joseff Llc
Bought by
Dersarkissian Arin
Seller's Agent
Craig Strong
Compass
Buyer's Agent
Natalie Bayaslyan
Strategic Estates Group
List Price
$6,195,000
Sold Price
$5,557,500
Premium/Discount to List
-$637,500
-10.29%
Views
77
Current Estimated Value
$5,647,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,355
Avg. Annual Appreciation
1.52%
Original Mortgage
$3,612,375
Outstanding Balance
$3,574,751
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$2,073,104

Purchase Details

Closed on
Jan 26, 2021
Sold by
Joseff Jeffrey R
Bought by
J Joseff Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2018
Sold by
Joseff Tina L
Bought by
Joseff Jeffrey R

Purchase Details

Closed on
Jul 3, 2018
Sold by
Joseff Tina L
Bought by
Joseff Jeffrey R

Purchase Details

Closed on
Jan 11, 2011
Sold by
Joseff Tina L and Bastin Michele
Bought by
Joseff Jeffrey R and Joseff Jeffrey R
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
Dersarkissian Arin $5,557,500 Ticor Title Company
J Joseff Llc -- North American Title Company
Joseff Jeffrey R -- North American Title Co Inc
Joseff Jeffrey R -- None Available
Joseff Jeffrey R -- None Available
Joseff Jeffrey R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dersarkissian Arin $3,612,375
Previous Owner J Joseff Llc $130,000
Previous Owner J Joseff Llc $2,000,000
Previous Owner Joseff Jeffrey Rene $1,870,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2024 08/06/24 Sold $5,557,500 -10.3% $1,212 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $6,195,000 0.0% $1,351 / Sq Ft
05/10/2020 05/10/20 Rented $15,000 -3.2% --
03/19/2020 03/19/20 Price Changed $15,500 -11.4% $3 / Sq Ft
02/25/2020 02/25/20 Price Changed $17,500 -2.8% $4 / Sq Ft
02/03/2020 02/03/20 Price Changed $18,000 -10.0% $4 / Sq Ft
01/08/2020 01/08/20 For Rent $20,000 -- --
Source: The MLS

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 $18,393 $5,557,500 $4,777,500 $780,000
2024 $18,393 $1,484,473 $839,923 $644,550
2023 $34,588 $2,835,090 $1,560,600 $1,274,490
2022 $33,021 $2,779,500 $1,530,000 $1,249,500
2021 $16,984 $1,398,854 $791,479 $607,375
2020 $16,786 $1,351,072 $783,364 $567,708
2019 $16,126 $1,324,581 $768,004 $556,577
2018 $15,992 $1,298,610 $752,946 $545,664
2016 $15,264 $1,248,185 $723,709 $524,476
2015 $15,042 $1,229,437 $712,839 $516,598
2014 $15,090 $1,205,355 $698,876 $506,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-404773

The MLS

APN: 2424-031-018