NOT LISTED FOR SALE

1201 Corsica Dr Pacific Palisades, CA 90272

Estimated Value: $4,222,000 - $7,247,000

4 Beds
4.5 Baths
3,623 Sq Ft
$1,525/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $6,150,000 $1,697 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $31,423/month

23 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • No HOA
  • Living Room with Fireplace
  • Corner Lot
  • 2 Car Attached Garage

About This Home

As of July 2018

This striking, single-story, contemporary traditional home has recently undergone extensive renovations. Set back from the street on the scenic, sycamore tree-lined Corsica Drive in the Palisades Riviera. The open & expansive floor plan gives way to an abundance of natural light. Beautiful BiFold glass doors in the living room, dining area, family room and chef's kitchen create the ideal indoor-outdoor living environment. Only steps away from bluestone patios, an outdoor kitchen and an extensive, flat, grassy yard which is completely secluded by spectacular foliage. 4 beds and 5 baths include a fully renovated master suite where no expenses were spared. The property also features a circular drive, new A/V system, indoor-outdoor speakers + security cameras among other items. A true gem, on a quiet street. Not to be missed, as this offering will not last.

Last Agent to Sell the Property

Daniel Dill

Westside Estate Agency Inc. License #01924087 Listed on: 06/04/2018

Westside Estate Agency Inc.

Co-Listed By

Kurt Rappaport

Westside Estate Agency Inc. License #01036061

Last Buyer's Agent

Chrys Stamatis

Coldwell Banker Realty License #00469535

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,081

Year Built

  • Built in 1968

Lot Details

  • 0.34 Acre Lot
  • Wood Fence
  • Corner Lot
  • Property is zoned LARE11

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,623 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Wood Flooring
  • Alarm System

Kitchen

  • Oven
  • Gas and Electric Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal
  • Instant Hot Water

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Built-In Barbecue

Utilities

  • Zoned Heating and Cooling
  • Tankless Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4408-001-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,081

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3623
  • Stories: 1
  • Year Built: 1968
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Wood
  • Appliances: Built-In BBQ, Gas/Electric Range, Microwave, Oven, Range Hood
  • Bedrooms: 4
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: All Bedrooms Down, Main Floor Master Bedroom, WalkInCloset
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 2
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven
  • Price Per S Q F T: 1725.09

Exterior Features

  • Tennis Court Y/N: No
  • Fence: Wood
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage - 2 Car, Garage Is Attached

Utilities

  • Water Heater: Instant Hot Water, Multi-Tank, Tankless
  • Cooling: Central, Multi/Zone
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4408-001-018
  • Geocode Override: No
  • Lot Location: Corner Lot
  • Lot Size Area: 14926

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2018
Closed on
Jul 12, 2018
Sold by
Davis Thomas W and Davis Jessica A
Bought by
Davis Richard T and Davis Louise C
Seller's Agent
Daniel Dill
Westside Estate Agency Inc.
Buyer's Agent
Chrys Stamatis
Coldwell Banker Realty
List Price
$6,250,000
Sold Price
$6,150,000
Premium/Discount to List
-$100,000
-1.6%
Current Estimated Value
$5,524,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$625,607
Avg. Annual Appreciation
-1.47%

Purchase Details

Listed on
Feb 11, 2016
Closed on
May 6, 2016
Sold by
Davis Thomas W and Davis Jessica A
Bought by
The Thomas W Davis & Jessica A Davis Fam
Seller's Agent
David Offer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kurt Rappaport
Westside Estate Agency Inc.
List Price
$4,995,000
Sold Price
$5,000,000
Premium/Discount to List
$5,000
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.38%

Purchase Details

Listed on
Feb 11, 2016
Closed on
Feb 22, 2016
Sold by
Friedberg Jason Eric and Friedberg Carly Robin
Bought by
Davis Thomas W and Davis Jessica A
Seller's Agent
David Offer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kurt Rappaport
Westside Estate Agency Inc.
List Price
$4,995,000
Sold Price
$5,000,000
Premium/Discount to List
$5,000
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,750,000
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 24, 2010
Sold by
Hill Anne Kehl and Cramer Catherine Kehl
Bought by
Friedberg Jason Eric and Friedberg Carly Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,982,500
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 1993
Sold by
Kehl William B and Kehl Jean R
Bought by
Kehl William B and Kehl Jean R
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
Davis Richard T $6,150,000 First American Title Company
The Thomas W Davis & Jessica A Davis Fam -- None Available
Davis Thomas W $5,000,000 Lawyers Title
Friedberg Jason Eric $3,050,000 Equity Title
Kehl William B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Thomas W $3,750,000
Previous Owner Friedberg Jason Eric $1,982,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2018 07/27/18 Sold $6,150,000 -1.6% $1,697 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/04/2018 06/04/18 For Sale $6,250,000 +25.0% $1,725 / Sq Ft
04/06/2016 04/06/16 Sold $5,000,000 +0.1% $1,388 / Sq Ft View Prior Sale
02/19/2016 02/19/16 Pending -- -- --
02/11/2016 02/11/16 For Sale $4,995,000 -- $1,386 / 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 $30,081 $2,507,055 $1,835,681 $671,374
2024 $30,081 $2,457,898 $1,799,688 $658,210
2023 $29,500 $2,409,704 $1,764,400 $645,304
2022 $28,132 $2,362,455 $1,729,804 $632,651
2021 $27,785 $2,316,134 $1,695,887 $620,247
2019 $27,035 $2,247,438 $1,645,587 $601,851
2018 $62,667 $5,202,000 $4,161,600 $1,040,400
2016 $42,438 $3,520,553 $2,660,599 $859,954
2015 $41,813 $3,467,672 $2,620,635 $847,037
2014 $41,928 $3,399,746 $2,569,301 $830,445
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-350832

The MLS

APN: 4408-001-018