NOT LISTED FOR SALE

1227 Tellem Dr Pacific Palisades, CA 90272

Estimated Value: $4,021,000 - $6,395,910

4 Beds
3.5 Baths
3,503 Sq Ft
$1,487/Sq Ft Est. Value

Last Sold August 01, 2023

Last sale price $6,968,555 $1,989 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $34,763/month

7 Days on Market

Highlights

  • Ocean View
  • Midcentury Modern Architecture
  • Living Room with Fireplace
  • Cabana
  • Deck
  • No HOA

About This Home

As of August 2023

Sited in the Marquez Knolls, this private 1960s Mid-Century home has just undergone an exemplary restoration, featuring exquisite finishes, and stunning ocean views. Encompassing a generous 3,503 square feet of living space, this single-level, 4-bed & 4-bath dwelling seamlessly blends indoor and outdoor living. As you pass through the impressive entrance, vaulted ceilings greet you, enhancing the sense of space and allowing natural light to dance through the residence. The property consists of a formal living room with a fireplace, family and dining rooms, a gourmet kitchen embellished with high-end appliances boasting a large center island. The primary suite is highlighted by a walk-in closet and a lavish en-suite bath boasting a soaking tub, dual sinks, and shower. The landscaped gardens are completed w/ elegant palm trees, pool/spa, and detached office. Conveniently close to top-rated schools and entertainment. This home embodies the California lifestyle.

Last Agent to Sell the Property

Blair Chang

The Agency License #01248419 Listed on: 06/26/2023

The Agency

Co-Listed By

LeAnne Thrasher

The Agency License #01896013

Last Buyer's Agent

Ryan Grossman

Sotheby's International Realty License #01955835

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $84,151

Year Built

  • Built in 1963

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 135x80
  • Property is zoned LARE15

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Property Views

  • Ocean
  • City Lights

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 3,503 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Built-In Features
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Concrete Flooring
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Cabana
  • In Ground Pool
  • Spa

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4420-023-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$84,151

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Living Area: 3503
  • Lot Acreage: 0.2522
  • Lot Dimensions: 135x80
  • Stories: 1
  • Year Built: 1963
  • Number Of Photos: 42
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Cement
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Microwave, Dishwasher, Dryer, Built-Ins, Freezer, Garbage Disposal, Washer, Refrigerator, Range/Oven, Vented Exhaust Fan, Gas Or Electric Dryer Hookup, Central Vacuum, Network Wire, Hood Fan, Alarm System
  • Price Per S Q F T: 1996.86

Exterior Features

  • Other Structures: Other
  • Patio: Deck(s)
  • Pool Description: Private
  • Pool: Yes
  • Spa: Private
  • Spa Yn: Yes
  • View: Ocean, City, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4420-023-011
  • Lot Size Area: 10987

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Jul 20, 2023
Sold by
Leblan Matthieu and Leblan Joanne Won
Bought by
Cracked Heel Llc
Seller's Agent
Blair Chang
The Agency
Buyer's Agent
Ryan Grossman
Sotheby's International Realty
List Price
$6,995,000
Sold Price
$6,968,555
Premium/Discount to List
-$26,445
-0.38%
Views
249
Current Estimated Value
$5,208,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,760,100
Avg. Annual Appreciation
-5.47%

Purchase Details

Closed on
Jun 19, 2020
Sold by
Belfiore Myra and Campbell Paula
Bought by
Leblan Matthieu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,495,200
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 1995
Sold by
Keefe Charles K
Bought by
Keefe Charles K and The Charles K Keefe Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.75%

Purchase Details

Closed on
Jun 2, 1994
Sold by
Keefe Charles K
Bought by
Keefe Charles K
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
Cracked Heel Llc $6,969,000 Equity Title - Los Angeles
Leblan Matthieu -- Equity Title
Leblan Matthieu $3,119,000 First American Title Company
Keefe Charles K -- Stewart Title
Keefe Charles K -- Stewart Title
Keefe Charles K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leblan Matthieu $2,495,200
Previous Owner Keefe Charles K $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2023 08/01/23 Sold $6,968,555 -0.4% $1,989 / Sq Ft
07/03/2023 07/03/23 Pending -- -- --
06/26/2023 06/26/23 For Sale $6,995,000 +124.3% $1,997 / Sq Ft
09/01/2020 09/01/20 Sold $3,119,000 -5.3% $968 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $3,295,000 -- $1,022 / 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 $84,151 $6,522,767 $5,140,800 $1,381,967
2024 $84,151 $6,968,555 $5,600,000 $1,368,555
2023 $39,390 $3,245,006 $1,845,877 $1,399,129
2022 $37,549 $3,181,380 $1,809,684 $1,371,696
2021 $37,096 $3,119,000 $1,774,200 $1,344,800
2020 $21,363 $1,743,759 $1,174,190 $569,569
2019 $20,513 $1,709,568 $1,151,167 $558,401
2018 $20,343 $1,676,048 $1,128,596 $547,452
2016 $19,449 $1,610,967 $1,084,772 $526,195
2015 $19,163 $1,586,770 $1,068,478 $518,292
2014 $19,221 $1,555,688 $1,047,548 $508,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-282047

The MLS

APN: 4420-023-011