NOT LISTED FOR SALE

1245 Preston Way Venice, CA 90291

Venice Neighborhood

Estimated Value: $3,582,000 - $5,781,000

3 Beds
2 Baths
1,976 Sq Ft
$2,145/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $3,477,500 $1,760 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $26,231/month

Highlights

  • In Ground Pool
  • 0.25 Acre Lot
  • Deck
  • Venice High School Rated A
  • Midcentury Modern Architecture
  • 5-minute walk to Penmar Park

About This Home

As of November 2021

Sold off market. Warm mid-century on a beautifully landscaped, private 10,890sf lot. Designed by Robert Thibodeau, this custom-built home centers around natural light, open floorplan, indoor/outdoor living, scale + simplicity in design. You are greeted by clerestory windows, high ceilings, oak wood floors, 2-sided wood burning fireplace. Remodeled kitchen has bar counter, access to 300sf deck, terrazzo floors, Gaffers & Sattler restored stove. A large bedroom with wood beamed ceilings features a separate entry + private deck, perfect for home office. Master features private entry to garden, walk-in closet and renovated bathroom. Entertainers backyard with saltwater pool/spa, mature landscaping: 100-ft redwood, palms, elm, pine, citrus trees, organic garden, landscape lighting throughout.

Last Agent to Sell the Property

Todd Stein

Campbell Wellman Properties License #01879814 Listed on: 11/04/2021

Last Buyer's Agent

Todd Stein

Campbell Wellman Properties License #01879814 Listed on: 11/04/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,807

Year Built

  • Built in 1998 | Remodeled

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 63x174
  • South Facing Home
  • Sprinklers Throughout Yard
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Driveway

Home Design

  • Midcentury Modern Architecture
  • Composition Roof

Interior Spaces

  • 1,976 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Two Way Fireplace
  • Living Room with Fireplace
  • Basement

Kitchen

  • Breakfast Room
  • Breakfast Bar
  • Oven
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Terrazzo

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • In Ground Spa
  • Saltwater Pool

Outdoor Features

  • Deck
  • Front Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4244-026-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,807

Year Built

Built in 1998 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1976
  • Lot Acreage: 0.2501
  • Lot Dimensions: 63x174
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1998
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Basement
  • Fireplace Rooms: Living Room, Two Way
  • Flooring: Carpet, Terrazzo, Wood
  • Appliances: Cooktop - Gas, Free Standing Gas, Oven
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Family Kitchen, Living Room
  • Laundry: Room
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator, Ceiling Fan, Dishwasher, Washer, Dryer
  • Fireplace: Yes
  • Price Per S Q F T: 1867.41

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Patio: Porch - Front, Deck(s)
  • Pool Description: In Ground, Salt/Saline
  • Pool: Yes
  • Roof: Composition
  • Spa: In Ground
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Driveway, Garage Is Detached, Garage - 2 Car
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System, Sprinkler Timer, Front, Rear, Side
  • Assessor Parcel Number: 4244-026-009
  • Lot Size Area: 10890

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Oct 6, 2021
Sold by
Lazzaro Gregory M and Carnegie Angela J
Bought by
Murphy Richard Christopher
Seller's Agent
Todd Stein
Campbell Wellman Properties
Buyer's Agent
Todd Stein
Campbell Wellman Properties
List Price
$3,690,000
Sold Price
$3,477,500
Premium/Discount to List
-$212,500
-5.76%
Current Estimated Value
$4,238,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$760,691
Avg. Annual Appreciation
5.78%

Purchase Details

Closed on
Sep 23, 2014
Sold by
Lazzaro Gregory M
Bought by
Lazzaro Gregory M and Carnegie Angela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 22, 2001
Sold by
Binns Brigit L
Bought by
Lazzaro Gregory M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.12%

Purchase Details

Closed on
Sep 23, 1997
Sold by
Lazzaro Gregory M
Bought by
Lazzaro Gregory M and Binns Brigit L

Purchase Details

Closed on
Feb 28, 1997
Sold by
Allen Charles T
Bought by
Lazzaro Gregory M and Binns Brigit L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,575
Interest Rate
7.9%
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
Murphy Richard Christopher $3,477,500 Fidelity National Title
Lazzaro Gregory M -- Nations Title Company
Lazzaro Gregory M -- Investors Title Company
Lazzaro Gregory M -- Orange Coast Title
Lazzaro Gregory M $310,500 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lazzaro Gregory M $658,000
Previous Owner Lazzaro Gregory M $568,000
Previous Owner Lazzaro Gregory M $417,000
Previous Owner Lazzaro Gregory M $780,000
Previous Owner Lazzaro Gregory M $250,000
Previous Owner Lazzaro Gregory M $555,000
Previous Owner Lazzaro Gregory M $50,000
Previous Owner Lazzaro Gregory M $550,000
Previous Owner Lazzaro Gregory M $520,000
Previous Owner Lazzaro Gregory M $30,000
Previous Owner Lazzaro Gregory M $301,500
Previous Owner Lazzaro Gregory M $232,575
Closed Lazzaro Gregory M $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $3,477,500 -5.8% $1,760 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $3,690,000 -- $1,867 / 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 $43,807 $3,690,350 $2,971,382 $718,968
2024 $43,807 $3,617,991 $2,913,120 $704,871
2023 $42,950 $3,547,050 $2,856,000 $691,050
2022 $40,936 $3,477,500 $2,800,000 $677,500
2021 $6,675 $542,102 $373,299 $168,803
2019 $6,479 $526,026 $362,228 $163,798
2018 $6,389 $515,713 $355,126 $160,587
2016 $6,100 $495,689 $341,337 $154,352
2015 $6,012 $488,244 $336,210 $152,034
2014 $6,039 $478,681 $329,625 $149,056
Source: Public Records

Agents Affiliated with this Home

  • Todd Stein

    Seller's Agent in 2021

    Todd Stein

    Campbell Wellman Properties

    (310) 437-5333

    10 in this area

    37 Total Sales

    Todd Stein
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Map

Source: The MLS

MLS Number: 21-104443

The MLS

APN: 4244-026-009

California Los Angeles County Venice 90291 Venice

1245 Preston Way, Venice, CA

This home is located at 1245 Preston Way, Venice, CA 90291 since 04 November 2021 and is currently estimated at $4,238,191, approximately $2,144 per square foot. This property was built in 1998. 1245 Preston Way is a home located in Los Angeles County with nearby schools including Walgrove Avenue Elementary, Mark Twain Middle School, and Venice High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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