NOT LISTED FOR SALE

Estimated Value: $1,922,000 - $2,881,000

3 Beds
2 Baths
2,988 Sq Ft
$829/Sq Ft Est. Value

Last Sold December 20, 2019

Last sale price $1,985,000 $664 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $14,907/month

119 Days on Market

Highlights

  • Detached Guest House
  • Art Studio
  • Wood Flooring
  • Venice High School Rated A
  • Spa
  • No HOA

About This Home

As of December 2019

A rare gem. Serene three-bedroom home plus amazing detached studio. The perfect live/work environment - set on a generous 6,063 SF lot. Published, and featured on the annual Venice Garden and Architectural Tour, every aspect has been hand crafted by local artisans. From the black woven bamboo entrance fence to monolithic blue glass water feature, giant wind sculpture balanced atop the studio, and luminescent finishes of limestone Venetian plaster and polished concrete. The home is a work of art offering an open and free flowing design encompassing kitchen, dining area, elevated meditation space and living room - that opens out to a spacious patio and wooden deck. Behind is an approx. 1,250 SF studio with vaulted beam ceiling designed by renowned architectural firm W3 Architects. It's tall glass doors slide open to a grassy yard perfect for entertaining or relax in the sunken hot tub below a row of giant bamboo. Once you close the gates you're in a completely different world!

Last Agent to Sell the Property

Mark S. Gruskin

Westside Estate Agency-Malibu License #01324387 Listed on: 07/11/2019

Westside Estate Agency-Malibu

Co-Listed By

Jennipher Blackschleger

Westside Estate Agency Inc. License #01920102

Last Buyer's Agent

Jennifer Tucker

Compass License #01934339

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1965

Lot Details

  • 6,063 Sq Ft Lot
  • Gated Home
  • Property is zoned LAR1

Parking

  • Workshop in Garage

Interior Spaces

  • 2,988 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Living Room
  • Dining Room with Fireplace
  • Home Office
  • Art Studio
  • Workshop

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Converted Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Wood Patio

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating
  • Water Purifier

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4242-012-027

Home Details

Home Type

Single Family

Year Built

Built in 1965

Lot Details

6,063 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: A rare gem. Serene three-bedroom home plus amazing detached studio. The perfect live/work environment - set on a generous 6,063 SF lot. Published, and featured on the annual Venice Garden and Architectural Tour, every aspect has been hand crafted by local artisans. From the black woven bamboo entrance fence to monolithic blue glass water feature, giant wind sculpture balanced atop the studio, and luminescent finishes of limestone Venetian plaster and polished concrete. The home is a work of art offering an open and free flowing design encompassing kitchen, dining area, elevated meditation space and living room - that opens out to a spacious patio and wooden deck. Behind is an approx. 1,250 SF studio with vaulted beam ceiling designed by renowned architectural firm W3 Architects. It's tall glass doors slide open to a grassy yard perfect for entertaining or relax in the sunken hot tub below a row of giant bamboo. Once you close the gates you're in a completely different world!
  • Living Area: 2988
  • Stories: 1
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Dining
  • Flooring: Cement, Laminate, Wood
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Converted Bedroom
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area
  • Laundry: Inside, Room
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer, Water Filter, Water Purifier
  • Fireplace: Yes
  • Price Per S Q F T: 717.87
  • Windows: Skylights

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Patio: Wood
  • Pool: No
  • Spa: Private
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Parking Garage: Workshop

Utilities

  • Heating: Central
  • Security: Gated

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4242-012-027
  • Geocode Override: No
  • Lot Size Area: 6063

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Nov 27, 2019
Sold by
Marcus Lesoine Georgina and Gal Udi
Bought by
Wolfe James and Wolfe Kelly Barry
Seller's Agent
Mark S. Gruskin
Westside Estate Agency-Malibu
Buyer's Agent
Jennifer Tucker
Compass
List Price
$2,395,000
Sold Price
$1,985,000
Premium/Discount to List
-$410,000
-17.12%
Current Estimated Value
$2,475,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,659
Avg. Annual Appreciation
3.65%
Original Mortgage
$1,588,000
Outstanding Balance
$1,383,057
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,092,602

Purchase Details

Closed on
Nov 29, 2017
Sold by
Marcus Lesoine Georgina
Bought by
Marcus Lesoine Georgina and Gal Udi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,300
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 1997
Sold by
Carrillo Jesus
Bought by
Marcus Lesoine Georgina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.85%
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
Wolfe James $1,985,000 Fidelity National Title Co
Marcus Lesoine Georgina -- First American Title Company
Marcus Lesoine Georgina $225,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfe James $1,588,000
Previous Owner Marcus Lesoine Georgina $475,300
Previous Owner Marcus Lesoine Georgina $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2019 12/20/19 Sold $1,985,000 -7.5% $664 / Sq Ft
10/14/2019 10/14/19 Price Changed $2,145,000 -4.5% $718 / Sq Ft
09/03/2019 09/03/19 Price Changed $2,245,000 -2.2% $751 / Sq Ft
08/10/2019 08/10/19 Price Changed $2,295,000 -4.2% $768 / Sq Ft
07/11/2019 07/11/19 For Sale $2,395,000 0.0% $802 / Sq Ft
07/06/2017 07/06/17 Rented $7,700 +2.7% --
06/20/2017 06/20/17 Price Changed $7,500 -5.1% $3 / Sq Ft
05/19/2017 05/19/17 Price Changed $7,900 -7.1% $3 / Sq Ft
04/04/2017 04/04/17 For Rent $8,500 +13.3% --
08/04/2012 08/04/12 Rented $7,500 -3.2% --
07/28/2012 07/28/12 Under Contract -- -- --
07/17/2012 07/17/12 For Rent $7,750 -- --
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 $25,848 $2,264,519 $1,736,708 $527,811
2024 $25,848 $2,128,317 $1,702,655 $425,662
2023 $25,344 $2,086,586 $1,669,270 $417,316
2022 $24,160 $2,045,674 $1,636,540 $409,134
2021 $23,870 $2,005,563 $1,604,451 $401,112
2019 $4,761 $386,976 $262,797 $124,179
2018 $4,677 $379,390 $257,645 $121,745
2016 $4,460 $364,660 $247,642 $117,018
2015 $4,396 $359,184 $243,923 $115,261
2014 $4,417 $352,149 $239,145 $113,004
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-486200

The MLS

APN: 4242-012-027

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