NOT LISTED FOR SALE

1011 Pacific Ave Manhattan Beach, CA 90266

Estimated Value: $7,315,396 - $7,685,000

6 Beds
5.5 Baths
6,000 Sq Ft
$1,256/Sq Ft Est. Value

Last Sold December 31, 2013

Last sale price $3,980,250 $663 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $44,989/month

31 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Main Floor Primary Bedroom
  • Opal Robinson Elementary School Rated A
  • Maid or Guest Quarters
  • No HOA

About This Home

As of December 2013

Short Sale- Breath taking Panoramic Ocean views! Mediterranean style home designed by Louie Tomaro, built by Ted Davis. This prized Manhattan Beach Hill Section home offers sophistication and warmth with 10 foot high ceilings, which add to the grand nature of this home. Home has 6 bedrooms and 5 1/2 baths, plus office. The heart of the home is where the beautiful Gourmet kitchen with included Viking appliances, meets the large family room with Ocean views. Two dining rooms, one of which is off the kitchen with Ocean views. Butlers pantry leads to the formal dining room. Large outdoor patio with stainless BBQ, mini fridge, and fireplace. Large theater room on lowest level next to the mother in-law quarts with a private entrance. Walnut floors, granite and limestone counter tops throughout. The rich colors, Venetian plaster, custom paintings continue the feeling of warm elegance. This home is a true masterpiece, with irreplaceable views. Priced very aggressively, to attract the right person.

Last Agent to Sell the Property

Grant Gerhart

Integrated Realty Group, Inc. License #01509880 Listed on: 10/07/2013

Last Buyer's Agent

Rosanna Libertucci

West Shores Realty, Inc. License #00939714

West Shores Realty, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 8,028

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic
  • City Lights

Interior Spaces

  • 6,000 Sq Ft Home
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Theater
  • Home Office
  • Walk-In Pantry

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Maid or Guest Quarters

Additional Features

  • Exterior Lighting
  • 8,028 Sq Ft Lot
  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 3,4 / 20
  • Tax Tract Number 3393
  • Assessor Parcel Number 4170031014

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

8,028 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4170031014
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6000.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 663.38
  • Room Type: Guest/Maid's Quarters, Living Room, Media Room, Main Floor Bedroom, Main Floor Master Bedroom, Walk-In Pantry, Walk-In Closet, Office

Exterior Features

  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, Pier
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Size Sq Ft: 8028.00
  • Lot Size Acres: 0.1840

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8028.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 20
  • Tax Lot: 3,4
  • Tax Tract Number: 3393

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2013
Closed on
Nov 16, 2013
Sold by
Sutherland Steven James
Bought by
Marasco James A and Marasco Kimberly T
Seller's Agent
Grant Gerhart
Integrated Realty Group, Inc.
Buyer's Agent
Rosanna Libertucci
West Shores Realty, Inc.
List Price
$3,465,000
Sold Price
$3,980,250
Premium/Discount to List
$515,250
14.87%
Current Estimated Value
$7,860,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,879,938
Avg. Annual Appreciation
5.37%
Original Mortgage
$2,000,000
Outstanding Balance
$1,407,466
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$6,125,633

Purchase Details

Closed on
Jul 9, 2004
Sold by
Sutherland Amy
Bought by
Sutherland Steven James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,583,750
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2003
Sold by
Davis Brenda
Bought by
Davis Ted

Purchase Details

Closed on
Nov 1, 2002
Sold by
Serebrin Jonathon and Serebrin Christine Moore
Bought by
Davis Ted

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,000
Interest Rate
5.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Marasco James A $3,980,500 First American Title Company
Sutherland Steven James -- Chicago Title Co
Sutherland Steven James $3,975,000 Chicago Title Co
Davis Ted -- --
Davis Ted -- --
Davis Ted $1,330,000 --
Davis Ted $1,330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marasco James A $2,000,000
Previous Owner Sutherland Steven James $2,583,750
Previous Owner Davis Ted $798,000
Closed Sutherland Steven James $198,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2013 12/31/13 Sold $3,980,250 +14.9% $663 / Sq Ft
11/01/2013 11/01/13 Pending -- -- --
10/07/2013 10/07/13 For Sale $3,465,000 -12.9% $578 / Sq Ft
10/03/2013 10/03/13 Off Market $3,980,250 -- --
10/01/2013 10/01/13 For Sale $3,465,000 0.0% $578 / Sq Ft
02/01/2013 02/01/13 Rented $15,500 +3.3% --
01/15/2013 01/15/13 Under Contract -- -- --
11/09/2012 11/09/12 For Rent $15,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $54,441 $4,879,539 $2,927,725 $1,951,814
2024 $54,441 $4,783,863 $2,870,319 $1,913,544
2023 $52,997 $4,690,063 $2,814,039 $1,876,024
2022 $52,073 $4,598,102 $2,758,862 $1,839,240
2021 $51,075 $4,507,944 $2,704,767 $1,803,177
2019 $49,693 $4,374,238 $2,624,543 $1,749,695
2018 $48,699 $4,288,470 $2,573,082 $1,715,388
2016 $45,513 $4,121,945 $2,473,167 $1,648,778
2015 $44,566 $4,060,030 $2,436,018 $1,624,012
2014 $43,999 $3,980,500 $2,388,300 $1,592,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13201902

California Regional Multiple Listing Service (CRMLS)

APN: 4170-031-014

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