NOT LISTED FOR SALE

Estimated Value: $4,817,000 - $5,352,429

7 Beds
3.5 Baths
3,756 Sq Ft
$1,373/Sq Ft Est. Value

Last Sold November 18, 2015

Last sale price $3,019,000 $804 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $30,968/month

42 Days on Market

Highlights

  • Ocean View
  • Hilltop Location
  • Wood Flooring
  • Franklin Elementary School Rated A+
  • Contemporary Architecture
  • Main Floor Primary Bedroom

About This Home

As of November 2015

A rare opportunity to own in the Franklin School district! Situated on a large private lot with 7 Beds / 5 Baths on coveted Franklin Hill high above Santa Monica, this beautiful view home is like no other. Enjoy expansive and uninterrupted views of the Santa Monica Mountain range, Pacific Ocean and South Bay. Featuring a large grassy yard with plenty of areas to entertain, this property is truly special and a must see.

Last Agent to Sell the Property

F. Ron Smith

Compass License #00961954 Listed on: 09/21/2015

Compass

Last Buyer's Agent

Denise Freed

Compass License #00997958

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,915

Year Built

  • Built in 1936

Lot Details

  • 9,970 Sq Ft Lot
  • Hilltop Location
  • Property is zoned SMR1*

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Property Views

  • Ocean
  • City Lights
  • Mountain

Home Design

  • Contemporary Architecture
  • Fixer Upper

Interior Spaces

  • 3,756 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Bonus Room
  • Center Hall
  • Wood Flooring
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Powder Room

Additional Features

  • Open Patio
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4266-006-060

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,915

Year Built

Built in 1936

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Advertising Remarks: Call F. Ron Smith for showing information 310-500-1373. A rare opportunity to own in the Franklin School district! Situated on 10,230 sq ft private lot with 7 Beds / 5 Baths on coveted Franklin Hill high above Santa Monica, this beautiful view home is like no other. Enjoy expansive and uninterrupted views of the Santa Monica Mountain range, Pacific Ocean and South Bay. Featuring a large grassy yard with plenty of areas to entertain, this property is truly special and a must see.
  • Living Area: 3756
  • Planned Urban Dev: 0
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1936
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Wood
  • Appliances: Oven, Range
  • Bedrooms: 7
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Bedroom Features: Ground Floor Master
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Area
  • Laundry: Laundry Area
  • Maids Room: 1
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 793.40

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: City Lights, Mountains, Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Driveway - Concrete, Garage - 2 Car
  • Total Parking: 5

Utilities

  • Sewer: In Street
  • Water: In Street

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4266-006-060
  • Geocode Override: No
  • Lot Location: Hilltop
  • Lot Size Area: 9970

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2015
Closed on
Oct 13, 2015
Sold by
Erspamer Thomas
Bought by
Kopp Little Family Trust
Seller's Agent
F. Ron Smith
Compass
Buyer's Agent
Denise Freed
Compass
List Price
$2,980,000
Sold Price
$3,019,000
Premium/Discount to List
$39,000
1.31%
Current Estimated Value
$5,156,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,137,857
Avg. Annual Appreciation
5.88%
Original Mortgage
$2,113,300
Interest Rate
3.71%
Mortgage Type
New Conventional
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
Kopp Little Family Trust $3,019,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Little Kenneth A $1,890,000
Closed Kopp Little Family Trust $2,113,300
Previous Owner Erspamer Franco M $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2015 11/18/15 Sold $3,019,000 +1.3% $804 / Sq Ft
11/02/2015 11/02/15 Pending -- -- --
09/21/2015 09/21/15 For Sale $2,980,000 -- $793 / 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 $41,915 $3,611,771 $2,841,110 $770,661
2024 $41,915 $3,540,952 $2,785,402 $755,550
2023 $41,249 $3,471,523 $2,730,787 $740,736
2022 $40,755 $3,403,455 $2,677,243 $726,212
2021 $39,779 $3,336,722 $2,624,749 $711,973
2019 $39,125 $3,237,755 $2,546,899 $690,856
2018 $36,722 $3,174,270 $2,496,960 $677,310
2016 $35,036 $3,019,000 $2,400,000 $619,000
2015 $4,081 $302,288 $162,770 $139,518
2014 $3,666 $296,368 $159,582 $136,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-943405

The MLS

APN: 4266-006-060