NOT LISTED FOR SALE

Estimated Value: $4,222,243 - $4,826,000

5 Beds
4 Baths
5,000 Sq Ft
$899/Sq Ft Est. Value

Sale Details

Date Sold: December 23, 2016

Last sale price $2,785,000 $557 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $27,391 / mo

42 Days on Market

Highlights

  • City View
  • Contemporary Architecture
  • Marble Flooring
  • Overland Avenue Elementary School Rated A
  • Living Room with Fireplace
  • No HOA

About This Home

As of December 2016

One of the lowest price per square foot, true turn-key homes in Cheviot Hills.One block from Rancho Golf Course on a quiet tree-lined street with private back entry. This elegant home brings together the classical and the modern to perfect results. 5,000 sq ft of living space delivers an open floor plan downstairs which gives the ideal layout for indoor/outdoor entertaining as the atrium, living room, tv room, dining room, kitchen and backyard flow in a natural sequence of spaces. Upstairs, the master suite opens up to a spacious sitting room, bedroom, bathroom, and walk-in closet, all of which are designed in a careful balance of material, color, light and privacy. Three guest bedrooms, separated by a half-staircase, complete the second story and all of which open into a second living room, making the entire layout perfect for children's bedrooms, maid's quarters or in-law suite. It is this expert combination of style, spatial flow, and location make this an incredible opportunity.

Last Agent to Sell the Property

Ariyan Afshar

Compass License #01753779 Listed on: 09/09/2016

Compass

Last Buyer's Agent

Marc Noah

Sotheby's International Realty License #01269495

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1963

Lot Details

  • 6,249 Sq Ft Lot
  • Property is zoned LAR1

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,000 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • City Views
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • Garage
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4318-016-028

Home Details

Home Type

Single Family

Year Built

Built in 1963

Lot Details

6,249 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 5000
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Marble, Tile, Wood
  • Bedrooms: 5
  • Full Bathroom: 4
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 599.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Garage

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4318-016-028
  • Geocode Override: No
  • Lot Size Area: 6249

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2016
Closed on
Oct 27, 2016
Sold by
Ohira Chad
Bought by
Basho Chandan and Basho Reva Kakkar
Seller's Agent
Ariyan Afshar
Compass
Buyer's Agent
Marc Noah
Sotheby's International Realty
List Price
$2,995,000
Sold Price
$2,785,000
Premium/Discount to List
-$210,000
-7.01%
Current Estimated Value
$4,494,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,709,811
Avg. Annual Appreciation
5.28%
Original Mortgage
$2,228,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2012
Sold by
Laxer Kevin Adam and Lsi Family Trust
Bought by
Lsi Nevada Trust

Purchase Details

Closed on
Mar 3, 2008
Sold by
Diamond West Distinctive Homes Llc
Bought by
Laxer Kevin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,890,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2008
Sold by
Laxer Kathy
Bought by
Laxer Kevin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,890,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2005
Sold by
Griner Eliot and Griner Alizabeth
Bought by
Diamond West Distinctive Homes Llc

Purchase Details

Closed on
Jun 6, 2003
Sold by
Knapp Robert and Muldin Marsha
Bought by
Griner Eliot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Basho Chandan $2,785,000 First American Title Company
Lsi Nevada Trust -- None Available
Laxer Kevin Adam -- None Available
Laxer Kevin A $2,700,000 Provident Title
Laxer Kevin A -- Provident Title
Diamond West Distinctive Homes Llc $1,258,000 First American Title Co
Griner Eliot $705,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Basho Chandan $2,228,000
Previous Owner Laxer Kevin A $1,890,000
Previous Owner Laxer Kevin A $270,000
Previous Owner Griner Eliot $564,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2016 12/23/16 Sold $2,785,000 -7.0% $557 / Sq Ft
10/21/2016 10/21/16 Pending -- -- --
09/09/2016 09/09/16 For Sale $2,995,000 -- $599 / Sq Ft
Source: The MLS

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 $38,209 $3,232,228 $2,071,644 $1,160,584
2024 $38,209 $3,168,852 $2,031,024 $1,137,828
2023 $37,458 $3,106,718 $1,991,200 $1,115,518
2022 $35,697 $3,045,803 $1,952,157 $1,093,646
2021 $35,287 $2,986,082 $1,913,880 $1,072,202
2019 $34,218 $2,897,514 $1,857,114 $1,040,400
2018 $34,100 $2,840,700 $1,820,700 $1,020,000
2016 $31,233 $2,610,157 $1,549,118 $1,061,039
2015 $30,769 $2,570,951 $1,525,849 $1,045,102
2014 $30,855 $2,520,590 $1,495,960 $1,024,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-160866

The MLS

APN: 4318-016-028

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