1245 Preston Way Venice, CA 90291
Venice NeighborhoodEstimated Value: $3,449,000 - $4,386,000
3
Beds
2
Baths
1,976
Sq Ft
$1,977/Sq Ft
Est. Value
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 2021Sold 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.
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 Area or Nook
- 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
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%
Total Days on Market
0
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
$429,426
Avg. Annual Appreciation
2.74%
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%
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
Similar Homes in Venice, CA
Home Values in the Area
Average Home Value in this Area
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
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 | $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
9 in this area
37 Total Sales
Map
Source: The MLS
MLS Number: 21-104443
APN: 4244-026-009
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