1240 Appleton Way Venice, CA 90291
Venice Neighborhood
4
Beds
2
Baths
3,502
Sq Ft
0.25
Acres
About This Home
As of September 2023Rare quarter acre lot compound style property, with a 2,679 square feet 4 bed, 2 bath home, and a modern detached 823 square feet second home with unlimited uses from home office to artist's studio, to legal rental income property. This is the ultimate in a healthy, vibrant outdoor lifestyle featuring a lush garden, with raised organic vegetable beds, and 8 fruit-bearing trees. Located in arguably the most exciting neighborhood in the US today with outstanding restaurants, bars and shopping just a short distance from the Rose Avenue corridor and famed Abbott Kinney. The unique nature of this compound makes it a great choice for families with or without children, and also for entrepreneurs and business people who are interested in having the right place to create. There is a Tesla charging station You will want to have gatherings at this home, come and experience this property!
Last Agent to Sell the Property
Camilla Granasen
DeasyPennerPodley License #01853276 Listed on: 04/13/2017
Co-Listed By
Alex Schub
Alexander Schub License #00627150
Last Buyer's Agent
Tamra (Tami) Pardee
Halton Pardee and Partners, Inc. License #01858429
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $59,877
Year Built
- 1956
Community Details
Overview
- Built by Camilla Granasen
- Camilla Granasen
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
109
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
-$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%
Similar Homes in the area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $4,945,000 | First American Title | |
| Grant Deed | $3,307,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Grant Deed | $1,960,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $620,000 | Southland Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,000,000 | Construction | |
| Previous Owner | $2,000,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,500,000 | New Conventional | |
| Previous Owner | $1,500,000 | New Conventional | |
| Previous Owner | $1,500,000 | Purchase Money Mortgage | |
| Previous Owner | $496,000 | No Value Available |
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: California Desert Association of REALTORS®
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
27 Total Sales
-
C
Seller's Agent in 2017
Camilla Granasen
DeasyPennerPodley
-
A
Seller Co-Listing Agent in 2017
Alex Schub
Alexander Schub
-
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
12 in this area
57 Total Sales
Map
Source: California Desert Association of REALTORS®
MLS Number: 17-220622
APN: 4244-026-014
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