$1,995,000
SOLD AUG 30, 2013

1225 Rimmer Ave Pacific Palisades, CA 90272

3 Beds
1.5 Baths
1,703 Sq Ft
8,730 Sq Ft Lot

Recently Sold

$1,171 Per Sq Ft

50 Days on Market

Highlights

  • Ocean View
  • Traditional Architecture
  • Attached Garage
  • Living Room with Fireplace
  • Den
  • Built-In Features

About This Home

As of December 2015

Conveniently located close to the village, this site enjoys expansive ocean, mountain and canyon views from the front and the back of the property. Wonderful opportunity to enjoy the home as is or to remodel into a grand view estate. The land value alone is tremendous. The existing home has tons of natural light and is on a quiet street. Can be 2 bedrooms plus a den or 3 bedrooms and the family room is spacious. Wood floors, newer baths and kitchen.

Last Agent to Sell the Property

Penny Negrin

Berkshire Hathaway HomeServices California Properties License #00862405 Listed on: 06/27/2013

Last Buyer's Agent

Kennon Earl

Compass License #01394743

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $72,122

Year Built

  • Built in 1948

Lot Details

  • 8,730 Sq Ft Lot
  • Property is zoned LAR1

Property Views

  • Ocean
  • Canyon
  • Mountain
  • Park or Greenbelt

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,703 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room
  • 1.5 Bathrooms

Parking

  • Attached Garage
  • Garage Door Opener

Utilities

  • Central Heating

Community Details

  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4422-018-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$72,122

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1703
  • Planned Urban Dev: 0
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Garage
  • Total Bathrooms: 1.50
  • Den: 1
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Range/Oven
  • Price Per S Q F T: 1171.46

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Canyon, Green Belt, Mountains, Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Door Opener, Garage

Utilities

  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4422-018-005
  • Geocode Override: No
  • Lot Size Area: 8730

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2015
Closed on
Nov 25, 2015
Sold by
Adalsteins Elfar and Adalsteins Anna Maria
Bought by
Kurstin Catherine M and Catherine M Kurstin Living Tru
Seller's Agent
Peter Mac
The Agency
Buyer's Agent
Gary I Glass
Christie's International Real Estate SoCal
List Price
$5,500,000
Sold Price
$5,141,000
Premium/Discount to List
-$359,000
-6.53%
Current Estimated Value
$5,347,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,955
Avg. Annual Appreciation
1.75%

Purchase Details

Listed on
Jun 27, 2013
Closed on
Aug 15, 2013
Sold by
Mansouri Maryam
Bought by
Adalsteins Elfar and Adalsteins Anna Maria
Seller's Agent
Penny Negrin
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kennon Earl
Compass
List Price
$1,995,000
Sold Price
$1,995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.46%

Purchase Details

Closed on
Jan 29, 2007
Sold by
Given Robert H and The Elizabeth G Maughan 2005 L
Bought by
Mansouri Maryam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.18%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 20, 2005
Sold by
Maughan Elizabeth G and Maughan Philip D
Bought by
Maughan Elizabeth G and Maughan 2005 Livin Elizabeth G
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $5,141,000 Chicago Title Company
Grant Deed $1,995,000 California Title Company
Grant Deed -- California Title Company
Interfamily Deed Transfer -- California Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2015 12/11/15 Sold $5,141,000 -6.5% $1,196 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
07/08/2015 07/08/15 For Sale $5,500,000 0.0% $1,279 / Sq Ft
11/01/2013 11/01/13 Rented $4,450 0.0% --
11/01/2013 11/01/13 Under Contract -- -- --
09/20/2013 09/20/13 For Rent $4,450 0.0% --
08/30/2013 08/30/13 Sold $1,995,000 0.0% $1,171 / Sq Ft
08/16/2013 08/16/13 Pending -- -- --
06/27/2013 06/27/13 For Sale $1,995,000 -- $1,171 / 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 $72,122 $3,847,340 $3,847,340 --
2024 $72,122 $5,966,565 $5,802,926 $163,639
2023 $70,705 $5,849,575 $5,689,144 $160,431
2022 $67,382 $5,734,879 $5,577,593 $157,286
2021 $66,580 $5,622,431 $5,468,229 $154,202
2019 $64,565 $5,455,669 $5,306,040 $149,629
2018 $64,369 $5,348,696 $5,202,000 $146,696
2016 $61,603 $5,141,000 $5,000,000 $141,000
2015 $24,472 $2,034,859 $1,618,402 $416,457
2014 $24,543 $1,995,000 $1,586,700 $408,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-683879

The MLS

APN: 4422-018-005