Seller's Agent in 2024
Nicholas Schneider
Compass
(310) 809-4875
32 in this area
62 Total Sales
1240 5th St Manhattan Beach, CA 90266
Estimated Value: $4,391,000 - $11,184,412
7
Beds
7.5
Baths
10,009
Sq Ft
$826/Sq Ft
Est. Value
Highlights
- Home Theater
- Heated In Ground Pool
- 0.34 Acre Lot
- Aurelia Pennekamp Elementary School Rated A
- Primary Bedroom Suite
- Open Floorplan
About This Home
As of October 2024Rarely does an opportunity come available to own a home on this highly sought after private road in East Manhattan Beach. This sprawling estate offers over 10,000 square feet of lavish living space, including 7 bedrooms and 7.5 bathrooms, set on a premier 15,000 square foot lot. Step into grandeur through the majestic foyer, featuring an imperial staircase that sets the tone for comfortable elegance. The home is exquisitely designed with a careful balance of form and function that make this oasis RARE. Step outside and be greeted by the equally impressive exterior of the property, boasting lush landscaping and mature trees that offer both privacy and seclusion. Whether you're entertaining guests or seeking a quiet retreat, the seamless indoor/outdoor living spaces provide the perfect setting. The primary retreat is incredibly spacious with lavish amenities including a spa-like bath, walk-in closet with separate walk-in shoe closet and dressing room. Other notable highlights include an executive home office, sports bar with entertaining room, in-home theater, fitness studio, wine cellar speakeasy, convenient gift wrapping/storage room, dual-sided garages, sparkling pool and spa, outdoor shower, outdoor firepit & BBQ area. This is the epitome of luxury living in Manhattan Beach and minutes to everything this incredible beach town has to offer!
Last Agent to Sell the Property
Compass Brokerage Phone: 310-809-4875 License #01867363 Listed on: 04/10/2024
Last Buyer's Agent
Compass Brokerage Phone: 310-809-4875 License #01867363 Listed on: 04/10/2024
Home Details
Home Type
- Single Family
Year Built
- Built in 2003 | Remodeled
Lot Details
- 0.34 Acre Lot
- Property fronts a private road
- Privacy Fence
- Fenced
- Fence is in excellent condition
- Landscaped
- Density is up to 1 Unit/Acre
- Property is zoned MNRS
Parking
- 4 Car Direct Access Garage
- Parking Available
- Driveway
Home Design
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 10,009 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Dual Staircase
- Cathedral Ceiling
- Double Door Entry
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room
- Home Theater
- Den with Fireplace
- Game Room with Fireplace
- Bonus Room
- Utility Room
- Home Gym
- Wood Flooring
- Property Views
- Basement
Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Walk-In Pantry
- Six Burner Stove
- Built-In Range
- Freezer
- Dishwasher
- Kitchen Island
- Built-In Trash or Recycling Cabinet
- Self-Closing Drawers
- Utility Sink
Bedrooms and Bathrooms
- 7 Bedrooms | 1 Main Level Bedroom
- Retreat
- Fireplace in Primary Bedroom Retreat
- Primary Bedroom Suite
- Dressing Area
- Maid or Guest Quarters
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Pool
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
Outdoor Features
- Outdoor Fireplace
- Fire Pit
- Gazebo
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 22 / 29
- Tax Tract Number 142
- Assessor Parcel Number 4167021045
- $1,487 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2024
Closed on
Oct 11, 2024
Sold by
Big Bob Trust and Staggs Nathan
Bought by
Solomon Revocable Trust and Solomon
Seller's Agent
Nicholas Schneider
Compass
Buyer's Agent
Nicholas Schneider
Compass
List Price
$12,499,000
Sold Price
$10,300,000
Premium/Discount to List
-$2,199,000
-17.59%
Views
290
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
-$2,037,529
Avg. Annual Appreciation
-16.53%
Original Mortgage
$7,725,000
Outstanding Balance
$7,620,809
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$641,662
Purchase Details
Listed on
Jan 9, 2017
Closed on
Feb 10, 2017
Sold by
Macaluso John M
Bought by
Staggs Nathan and Big Bob Trust
Seller's Agent
Kathrin Nicholson
The Agency
Buyer's Agent
jack cummings
Strand Hill Properties
List Price
$7,500,000
Sold Price
$7,200,000
Premium/Discount to List
-$300,000
-4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.83%
Purchase Details
Closed on
Jan 20, 2005
Sold by
Castro Dan Joshua
Bought by
Castro Dan Joshua and Castro Donna Joyce
Purchase Details
Closed on
Jan 30, 1998
Sold by
Brown Blake H
Bought by
Castro Dan Joshua and Castro Donna Joyce
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$976,000
Interest Rate
7.07%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Nov 15, 1995
Sold by
Brown Blake H
Bought by
Brown Blake Hillyer and Brown Andrea Hannon
Purchase Details
Closed on
Sep 30, 1993
Sold by
Geer John
Bought by
Brown Blake H and Brown Andrea H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.85%
Create a Home Valuation Report for This Property
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Solomon Revocable Trust | $10,300,000 | Atlas Title | |
| Staggs Nathan | $7,200,000 | None Available | |
| Castro Dan Joshua | -- | -- | |
| Castro Dan Joshua | $1,220,000 | Fidelity National Title Ins | |
| Brown Blake Hillyer | -- | -- | |
| Brown Blake H | $750,000 | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Solomon Revocable Trust | $7,725,000 | |
| Previous Owner | Castro Dan Joshua | $976,000 | |
| Previous Owner | Brown Blake H | $450,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/16/2024 10/16/24 | Sold | $10,300,000 | -8.8% | $1,029 / Sq Ft | |
| 09/15/2024 09/15/24 | Pending | -- | -- | -- | |
| 05/17/2024 05/17/24 | Price Changed | $11,299,000 | -9.6% | $1,129 / Sq Ft | |
| 04/10/2024 04/10/24 | For Sale | $12,499,000 | +73.6% | $1,249 / Sq Ft | |
| 03/15/2017 03/15/17 | Sold | $7,200,000 | -4.0% | $719 / Sq Ft | View Prior Sale |
| 01/09/2017 01/09/17 | For Sale | $7,500,000 | -- | $749 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2025 | $93,380 | $10,300,000 | $7,300,000 | $3,000,000 |
| 2024 | $93,380 | $8,192,368 | $5,325,040 | $2,867,328 |
| 2023 | $90,849 | $8,031,734 | $5,220,628 | $2,811,106 |
| 2022 | $89,266 | $7,874,250 | $5,118,263 | $2,755,987 |
| 2021 | $87,681 | $7,719,854 | $5,017,905 | $2,701,949 |
| 2019 | $85,309 | $7,490,880 | $4,869,072 | $2,621,808 |
| 2018 | $83,577 | $7,344,000 | $4,773,600 | $2,570,400 |
| 2016 | $74,619 | $6,764,834 | $3,301,609 | $3,463,225 |
| 2015 | $71,291 | $6,500,000 | $3,172,300 | $3,327,700 |
| 2014 | $71,647 | $6,500,000 | $3,172,300 | $3,327,700 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Schneider
-
Nathan Staggs
N
Seller Co-Listing Agent in 2024
Nathan Staggs
Strand Hill Properties
(310) 545-2490
2 in this area
2 Total Sales
-
Kathrin Nicholson
Seller's Agent in 2017
Kathrin Nicholson
The Agency
(310) 963-6888
8 Total Sales
-
Michael Grady
Seller Co-Listing Agent in 2017
Michael Grady
The Agency
(510) 512-2309
4 in this area
64 Total Sales
-
jack cummings
Buyer's Agent in 2017
jack cummings
Strand Hill Properties
(310) 683-0202
8 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24070858
APN: 4167-021-045
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