NOT LISTED FOR SALE

Estimated Value: $4,564,123 - $5,260,000

5 Beds
4.5 Baths
3,955 Sq Ft
$1,210/Sq Ft Est. Value

Last Sold September 11, 2023

Last sale price $4,945,000 $1,250 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $31,419/month

9 Days on Market

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 2023

Spectacular 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 Agent to Sell the Property

Ed Solorzano

Berkshire Hathaway HomeServices California Properties License #01276829 Listed on: 07/28/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Karsten Demers

Coldwell Banker Realty License #01962663

Coldwell Banker Realty

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
  • Pool Cover
  • In Ground Spa

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,877

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3955
  • Lot Acreage: 0.2501
  • Lot Dimensions: 65x124
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 71
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Great Room
  • Flooring: Wood, Stone Tile, Mixed, Carpet, Ceramic Tile
  • Bedrooms: 5
  • Fireplaces: 1
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer, Ceiling Fan
  • Fireplace: Yes
  • Price Per S Q F T: 1262.96

Exterior Features

  • Other Structures: Accessory Dwelling Unit, GuestHouse
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: In Ground, Heated, Pool Cover, Private
  • Pool: Yes
  • Spa: Private, In Ground
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Parking Garage: Garage - 2 Car, Driveway, Auto Driveway Gate
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 4244-026-014
  • Lot Size Area: 10893

Rental Info

  • Land Lease Purchase Yn: No

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%
Views
51
Current Estimated Value
$4,785,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$159,719
Avg. Annual Appreciation
-0.37%
Original Mortgage
$3,000,000
Outstanding Balance
$2,939,854
Interest Rate
6.5%
Mortgage Type
Construction
Estimated Equity
$1,971,358

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
New Conventional

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%
Source: Public Records

Range of Values:

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Average Value
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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
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

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
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

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Map

Source: The MLS

MLS Number: 23-293677

The MLS

APN: 4244-026-014