1240 Appleton Way Venice, CA 90291
Venice NeighborhoodEstimated Value: $4,432,443 - $5,487,000
5
Beds
4.5
Baths
3,955
Sq Ft
$1,233/Sq Ft
Est. Value
Highlights
- Detached Guest House
- Heated In Ground Pool
- Two Primary Bedrooms
- Venice High School Rated A
- Solar Power System
- 5-minute walk to Penmar Park
About This Home
As of September 2023Spectacular modern craftsman compound on one of the rare double lot streets, measuring a whopping 10,893 sq. ft. 5 Bedrooms, 4.5 Baths of warm, comfortable luxury including a detached ADU/Guest House perfectly positioned at the rear of the property with a separate parking pad. Amazing attention to detail paid over the course of a massive remodel and painstaking renovation which included the addition of ancillary square footage, reconfiguration of space, and the creation of a resort style backyard showcasing an expansive covered patio, swimming pool with Baja shelf & spa, flat lawn, barbecue station, free-standing dry sauna, cold plunge tank, dog run, and a lovely west-facing garden. A stone walkway flanked by a freeform waterfall immediately greets you as you pass through the gate. The Formal entry complimented by reclaimed stain glass barn doors, leads to the centerpiece of the home, a large open concept Great Room featuring distinct living & dining areas with high ceilings, wide plank white oak floors, recessed & custom light fixtures, shutters, and bi-fold glass doors leading to the outdoor entertainment deck. The amazing kitchen anchored by a stunning rear wall clad with striking Ann Sacks copper tile and a huge Quartzite center island, seamlessly blends to create a perfect setting for casual meals at the breakfast bar or preparing a gourmet feast utilizing the Wolf stove, Subzero refrigerator, and other top of the line stainless steel appliances. Downstairs includes two bedrooms, one a suite with private full bath, and the other easily convertible to an office or staff room. A Powder room highlighting a reclaimed stained-glass window & custom vanity, mudroom, and laundry room complete the first level. Two additional bedroom suites up, including a deluxe primary with custom wallcoverings & built-ins, automated shutters, light & airy bath with clawfoot tub, heated tile floor & steam shower, large walk-in closet, and a private lounging terrace. The 2-car garage with ample storage space is currently being used as a gym. 3-room ADU/guest house with a spacious bedroom has its own address and can also be used as a detached office or as a rental unit with private access from the rear end of the property. Additional amenities include solar panels (fully owned with a transferable 25-year all-inclusive warranty), built-in speakers in several rooms, tankless water heaters, multi-zoned A/C with Nest thermostats, and security system with multiple cameras. So many more details to admire and enjoy. A truly special, must-see property! Once you arrive, you will never want to leave!
Last Listed By
Berkshire Hathaway HomeServices California Properties License #01276829 Listed on: 07/28/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $59,877
Year Built
- Built in 1956
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 65x124
- Property is zoned LAR1
Parking
- 3 Open Parking Spaces
- 2 Car Garage
- Driveway
- Automatic Gate
Home Design
- Craftsman Architecture
Interior Spaces
- 3,955 Sq Ft Home
- 2-Story Property
- Built-In Features
- Ceiling Fan
- Great Room with Fireplace
- Dining Area
- Utility Room
- Alarm System
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Stone
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Double Master Bedroom
- Walk-In Closet
- Powder Room
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- Heated In Ground Pool
- In Ground Spa
- Pool Cover
Utilities
- Central Heating and Cooling System
- Sewer in Street
Additional Features
- Solar Power System
- Covered patio or porch
- Detached Guest House
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 4244-026-014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 28, 2023
Closed on
Aug 9, 2023
Sold by
Natalia Trust
Bought by
Linda Shapiro Manasee Inter Vivos Trust and Manasee
Seller's Agent
Ed Solorzano
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Karsten Demers
Coldwell Banker Realty
List Price
$4,995,000
Sold Price
$4,945,000
Premium/Discount to List
-$50,000
-1%
Total Days on Market
9
Views
51
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
-$67,389
Avg. Annual Appreciation
1.37%
Original Mortgage
$3,000,000
Outstanding Balance
$2,951,842
Interest Rate
6.5%
Mortgage Type
Construction
Estimated Equity
$2,107,127
Purchase Details
Listed on
Apr 13, 2017
Closed on
Aug 16, 2017
Sold by
Israel Thomas C and Israel Peter C
Bought by
Campeas Steven and Natalia Trust
Seller's Agent
Camilla Granasen
DeasyPennerPodley
Buyer's Agent
Tamra (Tami) Pardee
Halton Pardee and Partners, Inc.
List Price
$3,450,000
Sold Price
$3,307,000
Premium/Discount to List
-$143,000
-4.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%
Original Mortgage
$2,000,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 17, 2013
Sold by
Israel Barbara F
Bought by
Israel Thomas C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Dec 18, 2006
Sold by
Cohen Michael and Cohen Lisa
Bought by
Israel Thomas C and Israel Peter C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 3, 2003
Sold by
Edmonds Robert H
Bought by
Cohen Michael and Cohen Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
5.37%
Create a Home Valuation Report for This Property
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Similar Homes in Venice, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Linda Shapiro Manasee Inter Vivos Trust | $4,945,000 | First American Title | |
| Campeas Steven | $3,307,000 | Lawyers Title | |
| Israel Thomas C | -- | First American Title Ins Co | |
| Israel Thomas C | $1,960,000 | None Available | |
| Israel Thomas C | -- | None Available | |
| Cohen Michael | $620,000 | Southland Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Linda Shapiro Manasee Inter Vivos Trust | $3,000,000 | |
| Previous Owner | Campeas Steven | $2,000,000 | |
| Previous Owner | Israel Thomas C | $1,500,000 | |
| Previous Owner | Israel Thomas C | $1,500,000 | |
| Previous Owner | Israel Thomas C | $1,500,000 | |
| Previous Owner | Cohen Michael | $496,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2023 09/11/23 | Sold | $4,945,000 | -1.0% | $1,250 / Sq Ft |
| 08/06/2023 08/06/23 | Pending | -- | -- | -- |
| 07/28/2023 07/28/23 | For Sale | $4,995,000 | +51.0% | $1,263 / Sq Ft |
| 09/01/2017 09/01/17 | Sold | $3,307,000 | -4.1% | $944 / Sq Ft |
| 07/31/2017 07/31/17 | Pending | -- | -- | -- |
| 04/13/2017 04/13/17 | For Sale | $3,450,000 | -- | $985 / 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 | $59,877 | $4,945,000 | $3,800,000 | $1,145,000 |
| 2023 | $47,111 | $3,881,495 | $2,187,292 | $1,694,203 |
| 2022 | $44,905 | $3,805,388 | $2,144,404 | $1,660,984 |
| 2021 | $41,346 | $3,476,246 | $2,102,357 | $1,373,889 |
| 2020 | $41,780 | $3,440,602 | $2,080,800 | $1,359,802 |
| 2019 | $40,099 | $3,373,140 | $2,040,000 | $1,333,140 |
| 2018 | $39,955 | $3,307,000 | $2,000,000 | $1,307,000 |
| 2016 | $26,704 | $2,218,271 | $1,584,480 | $633,791 |
| 2015 | $26,310 | $2,184,951 | $1,560,680 | $624,271 |
| 2014 | $19,174 | $1,550,000 | $1,107,100 | $442,900 |
Source: Public Records
Agents Affiliated with this Home
-
Ed Solorzano
Seller's Agent in 2023
Ed Solorzano
Berkshire Hathaway HomeServices California Properties
(310) 990-6252
1 in this area
21 Total Sales
-
Karsten Demers
Buyer's Agent in 2023
Karsten Demers
Coldwell Banker Realty
(310) 403-0306
1 in this area
25 Total Sales
-
Seller's Agent in 2017
Camilla Granasen
DeasyPennerPodley
(310) 890-2211
85 Total Sales
-
Seller Co-Listing Agent in 2017
Alex Schub
Alexander Schub
(310) 779-3670
1 Total Sale
-
T
Buyer's Agent in 2017
Tamra (Tami) Pardee
Halton Pardee and Partners, Inc.
-
Katie Pardee
Buyer Co-Listing Agent in 2017
Katie Pardee
Pardee Properties
(978) 290-2412
13 in this area
58 Total Sales
Map
Source: The MLS
MLS Number: 23-293677
APN: 4244-026-014
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