NOT LISTED FOR SALE

Estimated Value: $3,127,918 - $6,104,000

5 Beds
7 Baths
7,680 Sq Ft
$508/Sq Ft Est. Value

Last Sold January 02, 2024

Last sale price $2,980,000 $388 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $21,538/month

46 Days on Market

Highlights

  • Detached Guest House
  • In Ground Pool
  • Contemporary Architecture
  • Venice High School Rated A
  • 0.25 Acre Lot
  • Wood Flooring

About This Home

As of January 2024

Set on a prime Venice Big Lot, mid-block on coveted Preston Way, this investment represents an opportunity to build one of Venice's most significant contemporary residences. Architectural firm, Woods + Dangaran, AIA masterfully explore and define this luxurious space set on an extraordinary lot of nearly 11,000sf (63 feet wide by 173 feet deep). Woods + Dangaran were commissioned to design a timeless modernist home with a clean and classic aesthetic. The subtle layout of the home was intentional to offer a distinctive and different addition to the neighborhood. A diligent focus on light coupled with a fluid integration of indoor/outdoor transition and landscape creates a sanctuary of warmth and privacy that is quietly luxurious and elegantly fluid.Setback, shrouded in privacy from the street, the main residence of 3 levels provides every conceivable amenity with the utmost attention to quality, detail, function and refined finishes. Skylights and walls of glass beam light into the gourmet kitchen with large center isle/built in seating and high ceilings. The kitchen opens to an opulent living room framed by front meditation courtyard and entertainment loggia/ grassy backyard. A separate prep kitchen also overlooks the swimmer's pool yard. Interior atrium halls with floor to ceiling glass walls, a flanked water feature and landscape artfully guide one through the first and second floor levels. Both the upstairs and basement mark a continuation of spatial experiences. The entire upstairs rear wing features a lavish primary suite with walk in closet and spa like bath that is separated from two additional bedrooms and a separate reading room. The 2,400sf basement is simply amazing. Mature Japanese Maple trees rise from the basement floor to the first-floor courtyard atrium. A flexible basement features a 300-bottle wine cellar, full media room, open bar, separate private office, private guest suite, elevator to all three floors and complete gym. A detached 450sf ADU/pool house with private bedroom complements this stunning architectural compound.

Last Agent to Sell the Property

Todd Stein

Campbell Wellman Properties License #01879814 Listed on: 07/18/2023

Last Buyer's Agent

Jeffrey T. Sandorf

Compass License #01396545

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,250

Year Built

  • Built in 1952

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 63x174
  • North Facing Home
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • 7,680 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Sewer in Street

Additional Features

  • In Ground Pool
  • Detached Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4244-027-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,250

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 7680
  • Lot Acreage: 0.2500
  • Lot Dimensions: 63x174
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 2
  • Year Built: 1952
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 5
  • Full Bathroom: 5
  • Half Bathroom: 2
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 7.00
  • Den: 1
  • Price Per S Q F T: 416.02

Exterior Features

  • Direction Faces: North
  • Other Structures: GuestHouse
  • Guest House: Detached
  • Pool Description: In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: No

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central
  • Sewer: In Street
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4244-027-015
  • Lot Size Area: 10890

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2023
Sold by
Oakandwelsh Llc
Bought by
Lawrence Karl Hammerness Trust and Hammerness
Current Estimated Value
$3,352,625

Purchase Details

Listed on
Oct 5, 2016
Closed on
Sep 12, 2016
Sold by
Sivils Ronny Lee
Bought by
Oakandwelsh Llc
Seller's Agent
Todd Stein
Campbell Wellman Properties
Buyer's Agent
Jacqueline Cahen
Compass
List Price
$2,900,000
Sold Price
$2,850,000
Premium/Discount to List
-$50,000
-1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%

Purchase Details

Closed on
Sep 25, 2013
Sold by
Sivills Ronny Lee
Bought by
Sivils Ronny Lee and The Ronny Lee Sivils Revocable Living Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
2.29%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Apr 6, 2004
Sold by
Sivils Mary S and Sivils Ronny L
Bought by
Ronny Lee Sivils Revocable Living Trust

Purchase Details

Closed on
Nov 19, 2001
Sold by
Sivils Mary S and Kozak Mary S
Bought by
Sivils Ronny L
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
Lawrence Karl Hammerness Trust $2,980,000 Fidelity National Title
Oakandwelsh Llc $2,850,000 Fidelity National Title Co
Sivils Ronny Lee -- Placer Title Company
Ronny Lee Sivils Revocable Living Trust -- --
Sivils Ronny L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lawrence Karl Hammerness Trust $2,775,225
Previous Owner Sivils Ronny Lee $938,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2024 01/02/24 Sold $2,980,000 -6.7% $388 / Sq Ft
09/06/2023 09/06/23 For Sale $3,195,000 0.0% $416 / Sq Ft
09/02/2023 09/02/23 Pending -- -- --
08/28/2023 08/28/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $3,195,000 +12.1% $416 / Sq Ft
10/19/2016 10/19/16 Sold $2,850,000 -1.7% $2,478 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
10/05/2016 10/05/16 For Sale $2,900,000 -- $2,522 / 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 $39,250 $2,003,294 $1,709,661 $293,633
2024 $39,250 $3,242,810 $3,185,921 $56,889
2023 $38,481 $3,179,226 $3,123,452 $55,774
2022 $36,677 $3,116,889 $3,062,208 $54,681
2021 $36,249 $3,055,774 $3,002,165 $53,609
2019 $35,155 $2,965,140 $2,913,120 $52,020
2018 $35,026 $2,907,000 $2,856,000 $51,000
2016 $1,139 $82,384 $57,142 $25,242
2015 $1,124 $81,147 $56,284 $24,863
2014 $1,140 $79,558 $55,182 $24,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-292087

The MLS

APN: 4244-027-015