NOT LISTED FOR SALE

Estimated Value: $2,036,000 - $2,269,000

3 Beds
1 Bath
1,294 Sq Ft
$1,645/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $1,985,000 $1,534 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $13,082/month

19 Days on Market

Highlights

  • Two Primary Bedrooms
  • Deck
  • Spanish Architecture
  • Venice High School Rated A
  • Engineered Wood Flooring
  • Bonus Room

About This Home

As of April 2024

In the heart of the East of Lincoln neighborhood, known for its tree-lined streets, historic homes, and architectural gems, rests a charming 1925 Spanish bungalow. Masterfully reimagined by Jed Lind Interiors, the home beautifully fuses Parisian elegance with the grace of Spanish homes and relaxed California style, it's quiet luxury with a cozy vibe. Warm tones, coved ceilings, original details, hardwood flooring, and designer lighting from Friture Vertigo and Atelier De Troupe create a space that's both sophisticated and inviting. Interiors are bathed in natural light through dual paned windows and glass doors that open wide to let in ocean breezes. Nearby Erewhon, Whole Foods and artisan shops inspires culinary creativity in the chef's kitchen outfitted with stainless appliances, a Bertazzoni range, and quartz countertops. The homes flexibility is highlighted in the family room with a full length built-in couch and framed TV, yet the space is easily convertible back into the third bedroom for the evolving needs of its inhabitants. Adding to the home's appeal is the stylish bathroom with encaustic tile floors and wall mounted faucet. The thoughtfully designed exterior spaces expand the home's living areas and encourages outdoor living; from the rear deck under a steel pergola for coffee in the morning, to the secluded gardens for candle lit dinners and late night gatherings. The property boasts a flexible bonus room and a true 2-car garage, adding practicality to its charm. Located a stone's throw from world-renowned restaurants, cafes, bakeries, and pubs, as well as the eclectic shops and upscale galleries on Abbot Kinney, Rose Ave and Lincoln Blvd - the location can't be beat. The friendly neighbors and quiet residential area embodies the bohemian spirit, creative energy and laid back lifestyle of its people and businesses, avoiding the congestion typical of Venice's touristy locales. Happy neighbors bring home Superba baguettes and baked goods and parents with their kids on bikes is what passes by instead. This bungalow not only stands as a testament to stylish, versatile, relaxed living but also anchors itself in the vibrant community and lifestyle that Venice is celebrated for, in one of LA's most iconic neighborhoods. As if that's not enough Marco Place offers the ability to get out of your car (or give them up completely) and enjoy life, you've earned it!

Last Agent to Sell the Property

Cari Field

Coldwell Banker Realty License #01459596 Listed on: 02/20/2024

Coldwell Banker Realty

Last Buyer's Agent

Daniel Jensen

License #01294017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,886

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 4,268 Sq Ft Lot
  • Lot Dimensions are 40x107
  • West Facing Home
  • Fenced Yard
  • Back and Front Yard
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Shared Driveway

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,294 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • High Ceiling
  • Decorative Fireplace
  • Double Pane Windows
  • Custom Window Coverings
  • French Doors
  • Family Room
  • Living Room
  • Dining Room
  • Bonus Room

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Double Master Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Carbon Monoxide Detectors

Outdoor Features

  • Deck

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4242-006-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,886

Year Built

Built in 1925 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Exclusions: Friture Vertigo Nova pendant light fixture in dining room and Atelier de Troup pendant in Living room; Enlighten 'Rey' Brass Dome ceiling flush mount light fixture in primary bedroom; Credits or repairs to chimney. Decorative only.
  • Living Area: 1294
  • Lot Acreage: 0.0980
  • Lot Dimensions: 40x107
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1925
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Engineered Hardwood, Tile
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: 2 Master Bedrooms
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Kitchen Features: Quartz Counters, Remodeled
  • Laundry: Room
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Alarm System, Dishwasher, Dryer, Freezer, Garbage Disposal, Refrigerator, Range/Oven, Washer, Hood Fan, Built-Ins
  • Inclusions: Built in couch and all cushions/throw pillows on the couch + built in frame for TV, the flat screen TV & Apple TV in the media room / 3rd bedroom; All appliances; all window treatments; bathroom mirror; large wood exterior table+2 benches in front.
  • Price Per S Q F T: 1541.73
  • Windows: Double Pane Windows, Custom Window Covering

Exterior Features

  • Direction Faces: West
  • Other Features: French Doors, High Ceilings (9 Feet+)
  • Other Structures: Other
  • Patio: Deck(s)
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage Is Detached, Garage - 2 Car, Shared Driveway
  • Total Parking: 2

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central
  • Security: Owned, Carbon Monoxide Detector(s)
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Los Angeles Unified

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4242-006-015
  • Lot Description: Fenced Yard, Front Yard, Back Yard
  • Lot Size Area: 4268

Rental Info

  • Land Lease Purchase Yn: No

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2024
Closed on
Mar 15, 2024
Sold by
Porch Charles Douglas
Bought by
Morley Philip and Morley Kristina
Seller's Agent
Cari Field
Coldwell Banker Realty
Buyer's Agent
Daniel Jensen
List Price
$1,995,000
Sold Price
$1,985,000
Premium/Discount to List
-$10,000
-0.5%
Views
35
Current Estimated Value
$2,128,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,618
Avg. Annual Appreciation
4.55%
Original Mortgage
$2,050,505
Outstanding Balance
$2,021,862
Interest Rate
6.9%
Mortgage Type
VA
Estimated Equity
$94,554

Purchase Details

Listed on
Nov 17, 2016
Closed on
Mar 3, 2017
Sold by
Wilshire Investment Group Llc
Bought by
Porch Charles Douglas
Seller's Agent
Paul Skikne
Brentwood Real Estate Group
Buyer's Agent
Cari Field
Coldwell Banker Realty
List Price
$1,589,000
Sold Price
$1,510,000
Premium/Discount to List
-$79,000
-4.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.93%
Original Mortgage
$1,132,500
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2015
Sold by
First Citizens Bank & Trust Company
Bought by
Wilshire Investment Group Llc
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
Morley Philip $1,985,000 Consumers Title Company
Porch Charles Douglas $1,510,000 Fidelity Sherman Oaks
Wilshire Investment Group Llc $2,080,000 Fidelity Sherman Oaks
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morley Philip $2,050,505
Previous Owner Porch Charles Douglas $1,067,000
Previous Owner Porch Charles Douglas $1,132,500
Previous Owner Wilshire Investment Group Llc $960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2024 04/09/24 Sold $1,985,000 -0.5% $1,534 / Sq Ft
03/10/2024 03/10/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $1,995,000 +32.1% $1,542 / Sq Ft
03/10/2017 03/10/17 Sold $1,510,000 -2.5% $1,167 / Sq Ft
02/10/2017 02/10/17 Pending -- -- --
01/03/2017 01/03/17 Price Changed $1,549,000 -2.5% $1,197 / Sq Ft
11/17/2016 11/17/16 For Sale $1,589,000 +52.8% $1,228 / Sq Ft
09/16/2015 09/16/15 Sold $1,040,000 -1.0% $804 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $1,050,000 -- $811 / 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 $20,886 $2,024,700 $1,945,140 $79,560
2024 $20,886 $1,718,118 $1,604,337 $113,781
2023 $20,481 $1,684,430 $1,572,880 $111,550
2022 $19,524 $1,651,403 $1,542,040 $109,363
2021 $19,291 $1,619,023 $1,511,804 $107,219
2019 $18,710 $1,571,004 $1,466,964 $104,040
2018 $13,125 $1,082,016 $977,976 $104,040
2016 $12,559 $1,040,000 $940,000 $100,000
2015 $1,399 $103,567 $71,873 $31,694
2014 $1,414 $101,540 $70,466 $31,074
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-359893

The MLS

APN: 4242-006-015