NOT LISTED FOR SALE

Estimated Value: $1,470,990 - $1,612,000

3 Beds
4.5 Baths
2,384 Sq Ft
$641/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $1,345,000 $564 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $9,912/month

105 Days on Market

Highlights

  • New Construction
  • Hilltop Location
  • Corner Lot
  • City Lights View
  • Property is near a park
  • Den

About This Home

As of February 2022

Welcome to Hilltop Homes at Echo Point, a collection of brand-new single-family residences with sweeping views of DTLA and the citys spectacular mountains. Located in a gated community atop the hillside above Elysian Park, these thoughtfully designed homes offer residents a secluded oasis set apart from the hustle and bustle, all while providing immediate proximity to LAs best urban amenities. Equipped with smart home features, custom designer finishes, and energy-efficient stainless steel appliances, Echo Point represents the best of luxury, turnkey living. Perfect for remote work, entertaining, and everyday life, each spacious house boasts flexible floor plans, plentiful decks, and patios, hard surface flooring throughout, and large picture windows flooded with natural light. Outfitted with 2 car garages, adjacent to a plethora of outdoor and urban activities, and a part of a vibrant local community, the Hilltop Homes at Echo Point are the best private retreats to call home. Located close to Highway 101, 110, and 5, as well as Dodger Stadium, Staples Center, Grand Central Market, Silver Lake, China Town, the Arts District, trendy restaurants and shops, and so much more. Low HOA with strong cash flow potential for rental opportunities.

Last Agent to Sell the Property

Elizabeth Clark

Douglas Elliman License #01811246 Listed on: 10/01/2021

Douglas Elliman

Co-Listed By

Jay Martinez

License #01954238

Last Buyer's Agent

Tai Kagehiro

Boardwalk Real Estate, Inc. License #02068820

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,027

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 1,500 Sq Ft Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Gated Home
  • Corner Lot
  • Sprinkler System
  • Hilltop Location
  • Property is zoned LARD1.5

HOA Fees

  • $189 Monthly HOA Fees

Interior Spaces

  • 2,384 Sq Ft Home
  • 3-Story Property
  • Bar
  • Ceiling Fan
  • Entryway
  • Family Room on Second Floor
  • Dining Area
  • Den
  • City Lights Views

Kitchen

  • Oven or Range
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Electric Dryer Hookup

Home Security

  • Security Lights
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 2 Car Garage
  • Automatic Gate

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Rain Gutters

Location

  • Property is near a park
  • City Lot

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 5406-022-131

Community Details

Security

  • Security Service
  • Card or Code Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,027

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$189 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 2384
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2021
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Flooring: Mixed
  • Bedrooms: 3
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: In Unit
  • Total Bathrooms: 5.00
  • Den: 1
  • Equipment: Ceiling Fan, Dishwasher, Electric Dryer Hookup, Ice Maker, Range/Oven, Refrigerator
  • Price Per S Q F T: 566.28

Exterior Features

  • Other Features: Balcony, Sprinkler System, Rain Gutters
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car, Private Garage
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Automatic Gate, Card/Code Access, Exterior Security Lights, Community, Gated, Fire Sprinklers, Smoke Detector
  • Water: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 189.00
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5406-022-131
  • Lot Description: Alley Paved, Sidewalks, Single Lot, Storm Drains, Street Paved
  • Lot Location: City, Corner Lot, Cul-De-Sac, Hillside, Hilltop, Park Nearby, Private Road
  • Lot Size Area: 1500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Feb 2, 2022
Sold by
White Knoll Group Llc
Bought by
Kim Janice S
Seller's Agent
Elizabeth Clark
Douglas Elliman
Buyer's Agent
Tai Kagehiro
Boardwalk Real Estate, Inc.
List Price
$1,350,000
Sold Price
$1,345,000
Premium/Discount to List
-$5,000
-0.37%
Current Estimated Value
$1,526,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,998
Avg. Annual Appreciation
3.69%
Original Mortgage
$700,000
Outstanding Balance
$652,472
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$876,003

Purchase Details

Closed on
Jul 19, 2021
Sold by
Gehike Carol Jean
Bought by
3Oontop Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,725,000
Interest Rate
3%
Mortgage Type
Commercial
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
Kim Janice S $1,345,000 First American Title Company O
Kim Janice S $1,345,000 First American Title Company O
3Oontop Llc -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Janice S $700,000
Closed Kim Janice S $700,000
Previous Owner 3Oontop Llc $10,725,000
Previous Owner White Knoll Group Llc $17,830
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Sold $1,345,000 -0.4% $564 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
01/06/2022 01/06/22 For Sale $1,350,000 +0.4% $566 / Sq Ft
12/31/2021 12/31/21 Off Market $1,345,000 -- --
10/01/2021 10/01/21 For Sale $1,350,000 -- $566 / Sq Ft
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 $17,027 $1,427,324 $986,923 $440,401
2024 $17,027 $1,399,338 $967,572 $431,766
2023 $16,694 $1,371,900 $948,600 $423,300
2022 $5,434 $461,210 $227,413 $233,797
2021 $5,368 $452,167 $222,954 $229,213
2020 $3,862 $318,468 $220,668 $97,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-790858

The MLS

APN: 5406-022-131