NOT LISTED FOR SALE

Estimated Value: $6,492,000 - $7,935,320

5 Beds
5 Baths
4,797 Sq Ft
$1,496/Sq Ft Est. Value

Last Sold September 05, 2017

Last sale price $4,475,000 $933 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $43,302/month

109 Days on Market

Highlights

  • Detached Guest House
  • Tennis Courts
  • 22,947 Sq Ft lot
  • Warner Avenue Elementary Rated A
  • Heated In Ground Pool
  • Fireplace in Primary Bedroom

About This Home

As of September 2017

Across from the famed Bel Air gates, this over half acre, tennis court property has much to offer. Private, gated drive leads to a three-car garage with two-bedroom, two-bath guest house, and a large rec room with wet bar that opens up to pool and patio. The light-filled, single story main residence encourages true California living with doorways that open to the outdoors on all sides. A large open concept kitchen and family room spill out to the private park-like back yard, ideal for alfresco dining and entertaining. Rounding out the house are a living room with fireplace and vaulted ceiling and a second small family room looking out to a fire pit. There is a very generous master suite with en-suite bath and attached indoor spa. Additionally, there are two guest bedrooms and baths. Listed square footage and bedroom/bathroom count include the guest house.

Last Agent to Sell the Property

Deedee Howard

The Agency License #01039224 Listed on: 05/01/2017

The Agency

Co-Listed By

Jack Friedkin

Christie's International Real Estate SoCal License #01975592

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $60,751

Year Built

  • Built in 1947

Lot Details

  • 0.53 Acre Lot
  • Property is zoned LAR1

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,797 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Utility Room
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Auto Driveway Gate
  • Driveway
  • Guest Parking

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Tennis Courts
  • Open Patio

Additional Features

  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4359-009-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$60,751

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Advertising Remarks: Bel Air, gated tennis court property.Across from the famed Bel Air gates this half acre plus lot has much to offer. Private, gated drive leads to a three-car garage with two-bed, two-bath guest house above, and a large rec room with wet bar that opens up to pool and patio (Total 1,290 sq. ft.). The light-filled, single story main residence encourages true California living with doorways that open to the outdoors on all sides. A large open concept kitchen spills out to the private back yard, ideal for alfresco dining and entertaining with fire pit, fruit trees, and plenty of room for children to play. The master suite includes a generous walk-in closet, en suite bath and indoor/outdoor spa. Rounding out the house are two additional guest bedrooms, a living room with fireplace and vaulted ceiling and a family room opening to the back yard. Contact Deedee Howard, Jack Friedkin or Leonard Rabinowitz for more information.
  • Living Area: 4797
  • Stories: 1
  • Year Built: 1947
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Hardwood, Tile
  • Bedrooms: 5
  • Fireplaces: 2
  • Full Bathroom: 5
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1011.05

Exterior Features

  • Tennis Court: North/South
  • Tennis Court Y/N: Yes
  • Guest House: Detached
  • Pool Description: Heated, In Ground, Private
  • Pool: Yes
  • Spa: Indoor, In Ground
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Detached, Driveway, Driveway Gate, Garage - 3 Car, Parking for Guests

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4359-009-003
  • Geocode Override: No
  • Lot Size Area: 22947

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2017
Closed on
Aug 25, 2017
Sold by
Mobin Fardad and Mobin Sheila Nazarian
Bought by
Olofson Eric L and Olofson Jill E
Seller's Agent
Deedee Howard
The Agency
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$5,260,000
Sold Price
$4,475,000
Premium/Discount to List
-$785,000
-14.92%
Current Estimated Value
$7,177,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,702,080
Avg. Annual Appreciation
6.06%

Purchase Details

Closed on
Oct 24, 2008
Sold by
Mekhemar Sami A
Bought by
Mobin Fardad and Mobin Sheila Nazarian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,560,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2000
Sold by
Paster Stephen D
Bought by
Mekhemar Sami A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,950
Interest Rate
8.25%

Purchase Details

Closed on
Sep 9, 1999
Sold by
Baker Seth Tr Seth Baker Trust
Bought by
Paster Stephen O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,180,000
Interest Rate
7.97%

Purchase Details

Closed on
Jul 13, 1994
Sold by
Baker Seth
Bought by
Baker Seth
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
Olofson Eric L $4,475,000 Equity Title Company
Mobin Fardad -- Stewart Title
Mekhemar Sami A $1,600,000 Equity Title
Paster Stephen O $1,475,000 Progressive Title Company
Baker Seth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olofson Eric L $1,420,000
Closed Olofson Eric $1,500,000
Previous Owner Mobin Fardad $1,500,000
Previous Owner Mobin Fardad $590,000
Previous Owner Mobin Fardad $1,560,000
Previous Owner Mekhemar Sami A $450,000
Previous Owner Mekhemar Sami A $1,710,000
Previous Owner Mekhemar Sami A $1,300,000
Previous Owner Mekhemar Sami A $1,285,000
Previous Owner Mekhemar Sami A $400,000
Previous Owner Mekhemar Sami A $1,252,000
Previous Owner Mekhemar Sami A $1,252,500
Previous Owner Mekhemar Sami A $999,950
Previous Owner Paster Stephen O $1,180,000
Closed Mekhemar Sami A $278,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2017 09/05/17 Sold $4,475,000 -7.7% $933 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
06/16/2017 06/16/17 Price Changed $4,850,000 -7.8% $1,011 / Sq Ft
05/01/2017 05/01/17 For Sale $5,260,000 -- $1,097 / 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 $60,751 $6,305,188 $4,073,428 $2,231,760
2024 $60,751 $4,991,945 $3,993,557 $998,388
2023 $59,567 $4,894,064 $3,915,252 $978,812
2022 $56,787 $4,798,103 $3,838,483 $959,620
2021 $56,115 $4,704,023 $3,763,219 $940,804
2019 $54,429 $4,564,500 $3,651,600 $912,900
2018 $54,018 $4,475,000 $3,580,000 $895,000
2016 $34,149 $2,828,342 $2,262,676 $565,666
2015 $33,647 $2,785,859 $2,228,689 $557,170
2014 $33,746 $2,731,289 $2,185,033 $546,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-226462

The MLS

APN: 4359-009-003