NOT LISTED FOR SALE

1022 Tellem Dr Pacific Palisades, CA 90272

Estimated Value: $1,828,000 - $2,615,622

3 Beds
2 Baths
1,881 Sq Ft
$1,147/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $2,500,000 $1,329 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $14,087/month

14 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Double Vanity
  • Corner Lot
  • 2 Car Attached Garage
  • Breakfast Bar

About This Home

As of March 2024

This ranch-style, mid-century home in beautiful Marquez Knolls is situated on an over 10,000-square-foot corner lot and poses an opportunity to remodel or fully develop into your dream Pacific Palisades home. Guests are welcomed via the entry to the dining and kitchen area with vintage flare, featuring a vaulted, wood-beamed ceiling, wood paneling, and glass slider out to the side yard. The spacious and bright living room boasts a vaulted/beamed ceiling, a stone-clad fireplace, and direct access to the backyard. Down the hall are two generously sized bedrooms with vaulted ceilings and built-in closets - both share access to the hall bathroom with dual sink vanity, separate tub and shower. The primary suite boasts vaulted ceilings with wood beams, two closets, an ensuite bath with separate vanity area, and glass sliding doors out to the yard bringing the sweeping views of the hills inside. Additional features include a newer furnace, generator, and an attached 2-car garage with washer and dryer area. Outside is a patio/walkway that wraps around the house and provides access to areas for planting and views of the neighborhood, hills, and canyon. Located on a quiet street minutes from Palisades Village's best shopping, dining and entertainment, and just moments from parks, hiking trails, beaches, and more.

Last Agent to Sell the Property

Dan Urbach

Compass License #01147391 Listed on: 02/23/2024

Compass

Co-Listed By

Stephanie Vitacco

Equity Union License #00985615

Last Buyer's Agent

Todd Bachenheimer

Compass License #02079525

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,966

Year Built

  • Built in 1959

Lot Details

  • 10,053 Sq Ft Lot
  • Lot Dimensions are 92x109
  • Corner Lot
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Driveway

Property Views

  • City Lights
  • Canyon
  • Hills

Interior Spaces

  • 1,881 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Laundry in Garage

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Double Vanity
  • Bathtub with Shower

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4419-004-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,966

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: This ranch-style, mid-century view home is set on a 10,000+ SF corner lot - a great opportunity to remodel or fully develop into a dream Palisades home. Entry leads to the dining/kitchen area featuring vaulted ceiling and yard access. Spacious living room w/ a vaulted/beamed ceiling, stone fireplace, and access to yard. 2 guest beds w/ vaulted ceilings and built-in closets. Hall bath w/ dual sink vanity, tub and shower. Primary suite w/ vaulted ceilings w/ wood beams, 2 closets, ensuite bath w/ vanity, and sweeping views of the hills. Other features: newer furnace, generator, attached 2-car garage w/ laundry. Patio/walkway wraps around the house. Views of the neighborhood, hills, and canyon. Set on a quiet street minutes from the Village's best shopping, dining and entertainment, and near parks, trails, and beaches. Listed by Dan Urbach + Stephanie Vitacco. 310.367.9865 + 818.298.1187
  • Living Area: 1881
  • Lot Acreage: 0.2308
  • Lot Dimensions: 92x109
  • Stories: 1
  • Year Built: 1959
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Mixed, Tile
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: Main Floor Master Bedroom, Main Floor Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub, Tile, Double Vanity(s)
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Range/Oven, Dishwasher, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 1060.61

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Canyon, City Lights, Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Driveway - Concrete, Driveway, Attached, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4419-004-022
  • Lot Location: Corner Lot
  • Lot Size Area: 10053

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Mar 12, 2024
Sold by
Rausch Mary Ellen
Bought by
Kuschnir Ari
Seller's Agent
Dan Urbach
Compass
Buyer's Agent
Todd Bachenheimer
Compass
List Price
$1,995,000
Sold Price
$2,500,000
Premium/Discount to List
$505,000
25.31%
Views
71
Current Estimated Value
$2,157,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$342,459
Avg. Annual Appreciation
-10.06%
Original Mortgage
$2,000,000
Outstanding Balance
$1,967,709
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$189,833

Purchase Details

Listed on
Feb 23, 2024
Closed on
Feb 27, 2024
Sold by
Rausch Mary Ellen
Bought by
Rausch Mary Ellen
Seller's Agent
Dan Urbach
Compass
Buyer's Agent
Todd Bachenheimer
Compass
List Price
$1,995,000
Sold Price
$2,500,000
Premium/Discount to List
$505,000
25.31%
Views
71

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
Outstanding Balance
$1,967,709
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$189,833

Purchase Details

Closed on
Aug 3, 2021
Sold by
Martin Louise Grobli
Bought by
Martini Louise Grobli

Purchase Details

Closed on
Jan 3, 2017
Sold by
Martin Robert H and Martin Louise G
Bought by
Martin Louise Grobli and The R & L Martin Family Trust
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
Kuschnir Ari $2,500,000 Lawyers Title
Rausch Mary Ellen -- None Listed On Document
Martini Louise Grobli -- None Available
Martin Louise Grobli -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuschnir Ari $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $2,500,000 +25.3% $1,329 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $1,995,000 -- $1,061 / 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 $27,966 $2,550,000 $2,245,938 $304,062
2024 $27,966 $2,300,000 $2,000,000 $300,000
2023 $2,626 $187,525 $98,709 $88,816
2022 $2,520 $183,849 $96,774 $87,075
2021 $2,478 $180,245 $94,877 $85,368
2020 $2,496 $178,398 $93,905 $84,493
2019 $2,411 $174,901 $92,064 $82,837
2018 $2,293 $171,472 $90,259 $81,213
2016 $2,178 $164,815 $86,755 $78,060
2015 $2,149 $162,340 $85,452 $76,888
2014 $2,167 $159,161 $83,779 $75,382
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-361653

The MLS

APN: 4419-004-022