1221 Preston Way Venice, CA 90291
Venice NeighborhoodEstimated Value: $3,220,000 - $6,623,000
5
Beds
6
Baths
4,977
Sq Ft
$949/Sq Ft
Est. Value
Highlights
- Garage Apartment
- Two Primary Bedrooms
- 10,891 Sq Ft lot
- Venice High School Rated A
- Panoramic View
- Contemporary Architecture
About This Home
As of August 2013Introducing this striking, elegant, sleek and artfully designed 3-story home waiting to entertain and awe the most fabulous crowd. Enter the double front doors to a grand living area with two-story ceilings, floor to ceiling windows, an abundance of natural light, and chef's kitchen. Wrought iron railings showcase the wrap around indoor mezzanine and open concept living space with marble floors, and architectural columns. Each bedroom has an ensuite bathroom, the master with a walk-in closet, and bath with natural stone and double vanities. This turnkey home features multiple balconies and large patio areas with remarkable city and ocean views. Unforgettable, fabulously designed, and extremely elegant. Imagine entertaining in this enthralling, sunny, and vibrant living space. Located right in the heart of Silicon Beach just minutes to Rose Ave dining and shops. Live in style. Separate 477 SF guest house/studio space with 1 bed + 1 bath.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $32,042
Year Built
- Built in 2008
Lot Details
- 0.25 Acre Lot
- Property is zoned LAR1
Parking
- Garage Apartment
Home Design
- Contemporary Architecture
Interior Spaces
- 4,977 Sq Ft Home
- 3-Story Property
- Living Room
- Panoramic Views
Kitchen
- Walk-In Pantry
- Oven or Range
Flooring
- Bamboo
- Marble
Bedrooms and Bathrooms
- 5 Bedrooms
- Double Master Bedroom
- Walk-In Closet
- Dressing Area
- Powder Room
- 6 Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 4244-026-005
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 22, 2013
Closed on
Aug 28, 2013
Sold by
Evers Francis A
Bought by
Evers Francis and Greenfield Lauren
Seller's Agent
Brian Capossela
Cap Equity Realty
Buyer's Agent
Melanie Sommers
Compass
List Price
$2,495,000
Sold Price
$2,175,000
Premium/Discount to List
-$320,000
-12.83%
Total Days on Market
57
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,549,972
Avg. Annual Appreciation
6.80%
Purchase Details
Closed on
May 21, 2013
Sold by
Chhor Chheng Theng
Bought by
Evers Francis A and Greenfield Lauren
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 10, 2003
Sold by
Hankin Jonathan
Bought by
Chhor Chheng Theng
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
5.37%
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Evers Francis | -- | Chicago Title Company | |
| Evers Francis A | $2,175,000 | Usa National Title Company | |
| Chhor Chheng Theng | $685,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Evers Family Trust | $400,000 | |
| Closed | Evers Francis | $567,000 | |
| Closed | Evers Francis | $300,000 | |
| Previous Owner | Evers Francis A | $750,000 | |
| Previous Owner | Chhor Chheng Theng | $1,880,000 | |
| Previous Owner | Chhor Chheng Theng | $802,500 | |
| Previous Owner | Chhor Chheng Theng | $548,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2013 08/01/13 | Sold | $2,175,000 | -4.4% | $437 / Sq Ft |
| 05/18/2013 05/18/13 | Pending | -- | -- | -- |
| 05/13/2013 05/13/13 | Price Changed | $2,275,000 | -8.8% | $457 / Sq Ft |
| 04/23/2013 04/23/13 | For Sale | $2,495,000 | +14.7% | $501 / Sq Ft |
| 04/22/2013 04/22/13 | Off Market | $2,175,000 | -- | -- |
| 03/22/2013 03/22/13 | For Sale | $2,495,000 | -- | $501 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $32,042 | $2,626,280 | $841,275 | $1,785,005 |
| 2023 | $31,421 | $2,574,785 | $824,780 | $1,750,005 |
| 2022 | $29,958 | $2,524,300 | $808,608 | $1,715,692 |
| 2021 | $29,581 | $2,474,804 | $792,753 | $1,682,051 |
| 2020 | $29,886 | $2,449,429 | $784,625 | $1,664,804 |
| 2019 | $28,691 | $2,401,402 | $769,241 | $1,632,161 |
| 2018 | $28,537 | $2,354,316 | $754,158 | $1,600,158 |
| 2016 | $27,152 | $2,252,287 | $724,874 | $1,527,413 |
| 2015 | $26,752 | $2,218,456 | $713,986 | $1,504,470 |
| 2014 | $26,828 | $2,175,000 | $700,000 | $1,475,000 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Capossela
B
Seller's Agent in 2013
Brian Capossela
Cap Equity Realty
(310) 305-4986
2 in this area
18 Total Sales
-
J
Seller Co-Listing Agent in 2013
Jason Jones
Aviara Real Estate
(310) 736-4192
-
Melanie Sommers
Buyer's Agent in 2013
Melanie Sommers
Compass
(310) 418-0343
8 in this area
84 Total Sales
Map
Source: The MLS
MLS Number: 13-659609
APN: 4244-026-005
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