NOT LISTED FOR SALE

1101 Cypress Ave Hermosa Beach, CA 90254

Estimated Value: $2,784,000 - $3,029,700

3 Beds
3.5 Baths
2,263 Sq Ft
$171/mo HOA Fee

Last Sold March 14, 2018

Last sale price $2,320,000 $1,025 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $18,483/month

5 Days on Market

Highlights

  • View of Hills
  • Contemporary Architecture
  • Bamboo Flooring
  • Hermosa Valley Elementary School Rated A
  • Living Room with Fireplace
  • Great Room

About This Home

As of March 2018

Built in 2013, this townhouse is contemporary in style with hi-end finishes and additional upgrades by the current owner. Close to the sand and Pier Ave., the home features a reverse plan of 2 guest rooms and baths on level 1, master bedroom and bath on level 2, and open living dining and kitchen on level 3. All levels enjoy ample natural light from the array of windows and skylights made possible by the desirable corner location of the unit. Includes: gourmet kitchen with Thermador appliances & Caesar stone and Calcutta marble, large and fully built-out walk-in closets, bamboo hardwood flooring, laundry room, 2-car garage with Gladiator Storage units (an additional 2 cars can be parked outside the garage), central air and heat, central vac system, integrated Triad surround home theater system, dumb waiter for groceries, living room fireplace, and decks off main living space and rooftop with Hermosa Hills views. Location Location!

Last Agent to Sell the Property

Barry Gray

Compass License #01358622 Listed on: 01/02/2018

Compass

Co-Listed By

Scott Behrle

Sotheby's International Realty License #01907691

Last Buyer's Agent

Jessika Werchick

License #01884557

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,847

Year Built

  • Built in 2013

Lot Details

  • 4,792

HOA Fees

  • $171 Monthly HOA Fees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,263 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • Built-In Features
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Views of Hills
  • Security System Leased

Kitchen

  • Oven or Range
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4187-019-083

Community Details

Overview

  • 3 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,847

Year Built

Built in 2013

Lot Details

0

HOA Fees

$171 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Oceans 11
  • Entry Floor: 1
  • Living Area: 2263
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 3
  • Unit Floor In Building: 1
  • Year Built: 2013
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Bamboo, Tile
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Central Vacuum, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1058.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Hills
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Built-In Storage, Door Opener, Garage, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Leased

Association/Amenities

  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 171.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4187-019-083
  • Geocode Override: No
  • Lot Size Area: 5009

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2018
Closed on
Feb 28, 2018
Sold by
Gray Trevor and Gray Isabelle
Bought by
Puniani Rishabh
Seller's Agent
Barry Gray
Compass
Buyer's Agent
Jessika Werchick
List Price
$2,425,000
Sold Price
$2,320,000
Premium/Discount to List
-$105,000
-4.33%
Current Estimated Value
$2,920,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$600,620
Avg. Annual Appreciation
3.12%
Original Mortgage
$1,200,000
Outstanding Balance
$988,117
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,926,116

Purchase Details

Closed on
Nov 19, 2017
Sold by
Gray Trevor and Gray Isabelle
Bought by
Gray Trevor and Gray Isabelle

Purchase Details

Listed on
Mar 21, 2014
Closed on
Mar 19, 2014
Sold by
Ennio Schiappa Homes Inc
Bought by
Gray Trevor and Gray Isabelle
Seller's Agent
Gary Kooba
Vista Sotheby’s International Realty
Buyer's Agent
Rachel Ezra
Vista Sotheby’s International Realty
List Price
$1,629,000
Sold Price
$1,565,000
Premium/Discount to List
-$64,000
-3.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.64%
Original Mortgage
$850,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 23, 2013
Sold by
Schiappa Homes Inc
Bought by
Schiappa Ennio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.38%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 10, 2012
Sold by
Furnee Edwin G and Furnee Family Trust
Bought by
Schiappa Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage
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
Puniani Rishabh $2,320,000 North American Title Co
Gray Trevor -- None Available
Gray Trevor $1,565,000 None Available
Schiappa Ennio -- Accommodation
Schiappa Homes Inc $1,100,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Puniani Rishabh $1,200,000
Previous Owner Gray Trevor $1,097,000
Previous Owner Gray Trevor $850,000
Previous Owner Ennio Schiappa Homes Inc $600,000
Previous Owner Schiappa Homes Inc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2018 03/14/18 Sold $2,320,000 -3.1% $1,025 / Sq Ft
01/25/2018 01/25/18 Price Changed $2,395,000 -1.2% $1,058 / Sq Ft
01/02/2018 01/02/18 For Sale $2,425,000 +55.0% $1,072 / Sq Ft
04/14/2014 04/14/14 Sold $1,565,000 -3.9% $680 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
03/21/2014 03/21/14 Price Changed $1,629,000 0.0% $708 / Sq Ft
03/21/2014 03/21/14 For Sale $1,629,000 +4.1% $708 / Sq Ft
03/14/2014 03/14/14 Pending -- -- --
03/13/2014 03/13/14 For Sale $1,565,000 +42.3% $680 / Sq Ft
04/16/2012 04/16/12 Sold $1,100,000 -4.3% $657 / Sq Ft
04/16/2012 04/16/12 Pending -- -- --
04/01/2011 04/01/11 For Sale $1,150,000 -- $687 / 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 $27,847 $2,639,760 $790,789 $1,848,971
2024 $27,847 $2,588,001 $775,284 $1,812,717
2023 $27,268 $2,537,257 $760,083 $1,777,174
2022 $26,777 $2,487,508 $745,180 $1,742,328
2021 $26,286 $2,438,734 $730,569 $1,708,165
2019 $25,590 $2,366,400 $708,900 $1,657,500
2018 $18,166 $1,686,081 $939,680 $746,401
2017 $18,034 $1,653,021 $921,255 $731,766
2016 $17,256 $1,620,610 $903,192 $717,418
2015 $16,925 $1,596,268 $889,626 $706,642
2014 $11,013 $1,037,211 $375,697 $661,514
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-299208

The MLS

APN: 4187-019-083