NOT LISTED FOR SALE

12424 Laurel Terrace Dr Studio City, CA 91604

Estimated Value: $1,184,000 - $1,242,000

2 Beds
1 Bath
1,248 Sq Ft
$972/Sq Ft Est. Value

Last Sold January 14, 2022

Last sale price $1,015,000 $813 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,420/month

142 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • 2 Car Attached Garage
  • North Hollywood Senior High School Rated A
  • No HOA

About This Home

As of January 2022

This Studio City two-story home offers granite countertops, and a two-car garage.

Last Agent to Sell the Property

Jacqueline Moore

Opendoor Brokerage Inc. License #02120512 Listed on: 07/14/2021

Last Buyer's Agent

Ernie Armijo

eXp Realty of Southern Ca, Inc License #01262858

eXp Realty of Southern Ca, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,837

Year Built

  • Built in 1965

Lot Details

  • 5,999 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,248 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2376-002-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,837

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Unknown
  • Street Number Display: Yes
  • Living Area: 1248
  • Lot Acreage: 0.1377
  • Stories: 2
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Kitchen Features: Granite Counters
  • Total Bathrooms: 1.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 841.35

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Attached
  • Total Parking: 2

Utilities

  • Heating: Natural Gas

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2376-002-016
  • Lot Size Area: 5999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Jan 13, 2022
Sold by
Opendoor Property Trust
Bought by
Gerstman Jeremy and Gerstman Sharon
Seller's Agent
Jacqueline Moore
Opendoor Brokerage Inc.
Buyer's Agent
Ernie Armijo
eXp Realty of Southern Ca, Inc
List Price
$1,250,000
Sold Price
$1,015,000
Premium/Discount to List
-$235,000
-18.8%
Current Estimated Value
$1,213,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,016
Avg. Annual Appreciation
4.81%
Original Mortgage
$812,000
Outstanding Balance
$746,225
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$466,791

Purchase Details

Listed on
Apr 20, 2017
Closed on
May 17, 2017
Sold by
Barbee Phillip J
Bought by
Bettencourt Janna and Mcclenahen Sean
Seller's Agent
Jennifer Niman
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Alexandria Jack
Compass
List Price
$849,000
Sold Price
$805,000
Premium/Discount to List
-$44,000
-5.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.23%
Original Mortgage
$636,150
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2003
Sold by
Barbee Phillip J J and Barbee Nejla
Bought by
Barbee Phillip J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2002
Sold by
Barbee Phillip J and Barbee Nejla
Bought by
Barbee Phillip J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.06%

Purchase Details

Closed on
Jun 20, 2002
Sold by
Barbee Phillip J and Barbee Nejia
Bought by
Barbee Phillip J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.89%

Purchase Details

Closed on
May 3, 2002
Sold by
Schaeffer Steven
Bought by
Barbee Phillip J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.89%
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
Gerstman Jeremy $1,016,818 Chicago Title
Bettencourt Janna $805,000 California Title Company
Barbee Phillip J -- Southland Title Corporation
Barbee Phillip J -- Southland Title Corporation
Barbee Phillip J -- Chicago Title Co
Barbee Phillip J -- Chicago Title Co
Barbee Phillip J -- Equity Title Company
Barbee Phillip J $369,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerstman Jeremy $812,000
Previous Owner Bettencourt Janna $636,150
Previous Owner Barbee Phillip J $256,000
Previous Owner Barbee Phillip J $260,000
Previous Owner Barbee Phillip J $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2022 01/14/22 Sold $1,015,000 -3.3% $813 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
10/13/2021 10/13/21 Price Changed $1,050,000 -5.5% $841 / Sq Ft
09/24/2021 09/24/21 Price Changed $1,111,000 -1.0% $890 / Sq Ft
09/09/2021 09/09/21 Price Changed $1,122,000 -2.3% $899 / Sq Ft
08/13/2021 08/13/21 Price Changed $1,148,000 -4.3% $920 / Sq Ft
07/29/2021 07/29/21 Price Changed $1,200,000 -4.0% $962 / Sq Ft
07/14/2021 07/14/21 For Sale $1,250,000 +55.3% $1,002 / Sq Ft
06/29/2017 06/29/17 Sold $805,000 +0.8% $645 / Sq Ft View Prior Sale
05/14/2017 05/14/17 Pending -- -- --
05/08/2017 05/08/17 Price Changed $799,000 -3.2% $640 / Sq Ft
04/27/2017 04/27/17 Price Changed $825,000 -2.8% $661 / Sq Ft
04/20/2017 04/20/17 For Sale $849,000 -- $680 / 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 $12,837 $1,077,125 $861,700 $215,425
2024 $12,837 $1,056,005 $844,804 $211,201
2023 $13,588 $1,035,300 $828,240 $207,060
2022 $13,150 $1,107,108 $885,666 $221,442
2021 $10,382 $863,121 $690,497 $172,624
2020 $10,488 $854,271 $683,417 $170,854
2019 $10,070 $837,521 $670,017 $167,504
2018 $10,046 $821,100 $656,880 $164,220
2016 $5,610 $460,475 $357,651 $102,824
2015 $5,528 $453,559 $352,279 $101,280
2014 $5,550 $444,676 $345,379 $99,297
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jacqueline Moore

    Opendoor Brokerage Inc.

    Section Image
  • Ernie Armijo

    Buyer's Agent in 2022

    Ernie Armijo

    eXp Realty of Southern Ca, Inc

    (562) 500-8514

    1 in this area

    52 Total Sales

    Ernie Armijo
    Section Image
  • Jennifer Niman

    Seller's Agent in 2017

    Jennifer Niman

    Berkshire Hathaway HomeServices California Properties

    (818) 448-2240

    16 in this area

    38 Total Sales

    Jennifer Niman
    Section Image
  • Alexandria Jack

    Buyer's Agent in 2017

    Alexandria Jack

    Compass

    (213) 507-3959

    97 Total Sales

    Alexandria Jack
    Section Image

  • S

    Buyer Co-Listing Agent in 2017

    Sue Carr

    Coldwell Banker Realty

    (323) 864-7406

    46 Total Sales

    Sue Carr
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-760692

The MLS

APN: 2376-002-016

California Los Angeles County Studio City 91604

12424 Laurel Terrace Dr, Studio City, CA

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