NOT LISTED FOR SALE

Estimated Value: $1,905,980 - $2,125,000

2 Beds
2.5 Baths
1,640 Sq Ft
$548/mo HOA Fee

Last Sold July 30, 2019

Last sale price $1,750,000 $1,067 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $13,278/month

78 Days on Market

Highlights

  • In Ground Pool
  • Gated Parking
  • City Lights View
  • Roosevelt Elementary School Rated A+
  • Gated Community
  • 1-minute walk to Santa Monica Mountains National Recreation Area Visitor Center

About This Home

As of July 2019

Great opportunity to own a sleek, high-end updated corner unit situated in the heart of Santa Monica. Walk through the double door entry and enjoy the open-air floor plan lined with custom white oak floors. This light filled unit features two gracious bedrooms both with private balconies, three bathrooms, and an oversized living room flanked w/ 2 large sliders that open to a large wrap around balcony. Enjoy cooking while you entertain in this modern remodeled dream kitchen. High-end appliances, tons of storage and a center island w/cascading marble & quartz counter tops plus a quaint breakfast nook for everyday eating. The master suite rivals any 5-star hotel. With a large walk in custom closet and a designer finished bathroom featuring a frosted wall of glass that filters natural light from the bedroom. Just blocks from vibrant SM beach, and the famous 3rd St. Promenade and just a stone throw away to Montana Ave, Brentwood, Reed Park, & 5 short blocks from the bluffs!!!

Last Agent to Sell the Property

Bjorn Farrugia

Carolwood Estates License #01864250 Listed on: 05/02/2019

Carolwood Estates

Co-Listed By

Alphonso Lascano

Carolwood Estates License #01723550

Last Buyer's Agent

Jane Gavens

Compass License #01468938

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,325

Year Built

  • Built in 1985

Lot Details

  • 0.34

HOA Fees

  • $548 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor

Interior Spaces

  • 1,640 Sq Ft Home
  • Built-In Features
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Area
  • City Lights Views

Kitchen

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

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Subterranean Parking
  • Gated Parking

Additional Features

  • In Ground Pool
  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4292-012-035

Community Details

Overview

  • 16 Units

Amenities

  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Security Service
  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,325

Year Built

Built in 1985

Lot Details

0

HOA Fees

$548 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Traditional
  • Street Number Display: Yes
  • Complex Name: PALM TOWER
  • Entry Floor: 2
  • Living Area: 1640
  • Planned Urban Dev: 0
  • Unit Floor In Building: 2
  • Year Built: 1985
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Gas, Living Room
  • Flooring: Hardwood, Stone
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1127.44

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Association Pool
  • Pool: Yes
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Gated, Subterranean
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Community, Gated

Association/Amenities

  • Amenities: Controlled Access, Extra Storage, Gated Community, Pool
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 548.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4292-012-035
  • Geocode Override: No
  • Lot Size Area: 14996

Multi Family

  • Number Of Units: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2019
Closed on
Jul 1, 2019
Sold by
Wurwand Raymond Leonard and Wurwand Jane Drake
Bought by
Hartling Ross Paul and Spisso Johnese
Seller's Agent
Bjorn Farrugia
Carolwood Estates
Buyer's Agent
Jane Gavens
Compass
List Price
$1,849,000
Sold Price
$1,750,000
Premium/Discount to List
-$99,000
-5.35%
Current Estimated Value
$2,010,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,495
Avg. Annual Appreciation
1.65%
Original Mortgage
$1,312,500
Outstanding Balance
$1,129,060
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$805,635

Purchase Details

Closed on
Mar 15, 2011
Sold by
International Dermal Institute Inc
Bought by
Wurwand Raymond Leonard and Wurwand Jane Drake

Purchase Details

Closed on
Jun 5, 1998
Sold by
Pauker Anthony and Pauker Kristeen
Bought by
International Dermal Institute Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.1%

Purchase Details

Closed on
May 9, 1996
Sold by
Trepp Florence J
Bought by
Pauker Anthony and Pauker Kristee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.75%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hartling Ross Paul $1,750,000 Fidelity National Title
Wurwand Raymond Leonard $600,000 None Available
International Dermal Institute Inc $325,000 Equity Title Company
Pauker Anthony $220,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hartling Ross Paul $1,312,500
Previous Owner International Dermal Institute Inc $256,000
Previous Owner Pauker Anthony $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2019 07/30/19 Sold $1,750,000 -5.4% $1,067 / Sq Ft
07/19/2019 07/19/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $1,849,000 -- $1,127 / 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 $22,325 $1,913,876 $1,500,042 $413,834
2024 $22,325 $1,876,350 $1,470,630 $405,720
2023 $21,967 $1,839,560 $1,441,795 $397,765
2022 $21,696 $1,803,491 $1,413,525 $389,966
2021 $21,165 $1,768,129 $1,385,809 $382,320
2019 $11,649 $675,585 $315,949 $359,636
2018 $8,059 $662,339 $309,754 $352,585
2016 $7,751 $636,622 $297,727 $338,895
2015 $7,649 $627,060 $293,255 $333,805
2014 $7,548 $614,778 $287,511 $327,267
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-459662

The MLS

APN: 4292-012-035