NOT LISTED FOR SALE

12548 Preston Way Los Angeles, CA 90066

Mar Vista Neighborhood

Estimated Value: $3,024,000 - $3,482,245

3 Beds
2 Baths
3,165 Sq Ft
$1,019/Sq Ft Est. Value

Last Sold October 21, 2019

Last sale price $2,300,000 $727 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $20,040/month

20 Days on Market

Highlights

  • Living Room with Fireplace
  • Traditional Architecture
  • No HOA
  • Venice High School Rated A
  • Wood Flooring
  • Views

About This Home

As of October 2019

Rare opportunity to own two separate houses on one lot in the heart of Mar Vista. The front house is a completely renovated 4 bed, 3 bath and 2,035sf, with high ceilings, tons of natural light, an open floor-plan, hardwood floors and high-end finishes throughout. The great room flows through the living and dining rooms into the kitchen creating a feeling of space and size. The new kitchen has quartz counters, new appliances, a center island with seating, and plenty of storage. The large master has ample closet space with an en-suite bathroom. There is also a grand family room set towards the rear which can be used as a bedroom, den or office. The detached back house is an 1,130sf ADU built from the ground up with a spacious, open great room and bath downstairs and private bedroom and master bathroom upstairs. Back house has own access from Palms and can be rented for supplemental income or used as a guest house or used for an in-home care provider -multiple possibilities and upside.

Last Agent to Sell the Property

Sierus Erdelyi

TruLine Realty License #01870547 Listed on: 08/29/2019

Last Buyer's Agent

Trevor Levin

Nourmand & Associates-BW License #01897050

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,341

Year Built

  • Built in 1946

Lot Details

  • 6,724 Sq Ft Lot
  • Property is zoned LAR1

Home Design

  • Traditional Architecture

Interior Spaces

  • 3,165 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Oven or Range
  • Laundry in unit
  • Property Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Garage
  • Parking Storage or Cabinetry
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4247-029-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,341

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 3165
  • Stories: 1
  • Year Built: 1946
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas, Living Room
  • Flooring: Hardwood
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 773.78

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Yes

Garage/Parking

  • Parking Garage: Built-In Storage, Driveway

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4247-029-010
  • Geocode Override: No
  • Lot Size Area: 6724

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2019
Closed on
Oct 16, 2019
Sold by
Topper Denise
Bought by
Topper Harold
Seller's Agent
Sierus Erdelyi
TruLine Realty
Buyer's Agent
Trevor Levin
Nourmand & Associates-BW
List Price
$2,449,000
Sold Price
$2,300,000
Premium/Discount to List
-$149,000
-6.08%
Current Estimated Value
$3,290,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$990,859
Avg. Annual Appreciation
5.75%
Original Mortgage
$1,725,000
Outstanding Balance
$1,479,091
Interest Rate
2.62%
Estimated Equity
$1,746,720

Purchase Details

Listed on
Aug 29, 2019
Closed on
Oct 11, 2019
Sold by
Rockport Development Inc
Bought by
Topper Matthew and Topper Harold
Seller's Agent
Sierus Erdelyi
TruLine Realty
Buyer's Agent
Trevor Levin
Nourmand & Associates-BW
List Price
$2,449,000
Sold Price
$2,300,000
Premium/Discount to List
-$149,000
-6.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,725,000
Outstanding Balance
$1,479,091
Interest Rate
2.62%
Estimated Equity
$1,746,720

Purchase Details

Listed on
Mar 5, 2018
Closed on
Apr 9, 2018
Sold by
Murray Cathy Ileen
Bought by
Rockport Development Inc
Seller's Agent
Jennifer Kleinert
Coldwell Banker Realty
Buyer's Agent
Sierus Erdelyi
TruLine Realty
List Price
$1,699,000
Sold Price
$1,600,000
Premium/Discount to List
-$99,000
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.58%

Purchase Details

Closed on
May 22, 2001
Sold by
Fordham David Richard and Fordham Rita May
Bought by
Fordham David Richard
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
Topper Harold -- Provident Title Company
Topper Matthew $2,300,000 Provident Title
Rockport Development Inc $1,600,000 Stewart Title
Fordham David Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Topper Matthew $1,725,000
Closed Rockport Development Inc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2019 10/21/19 Sold $2,300,000 -6.1% $727 / Sq Ft
08/29/2019 08/29/19 For Sale $2,449,000 +53.1% $774 / Sq Ft
04/25/2018 04/25/18 Sold $1,600,000 -5.8% $786 / Sq Ft View Prior Sale
03/23/2018 03/23/18 Pending -- -- --
03/05/2018 03/05/18 For Sale $1,699,000 -- $835 / 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 $32,341 $2,718,459 $1,937,745 $780,714
2024 $32,341 $2,665,156 $1,899,750 $765,406
2023 $31,230 $2,572,899 $1,862,500 $710,399
2022 $27,913 $2,370,304 $1,751,964 $618,340
2021 $27,570 $2,323,828 $1,717,612 $606,216
2020 $27,942 $2,300,000 $1,700,000 $600,000
2019 $19,431 $1,632,000 $1,305,600 $326,400
2018 $19,342 $1,600,000 $1,500,000 $100,000
2016 $1,377 $107,855 $62,521 $45,334
2015 $1,358 $106,236 $61,582 $44,654
2014 $1,373 $104,156 $60,376 $43,780
Source: Public Records

Agents Affiliated with this Home

  • Sierus Erdelyi

    Seller's Agent in 2019

    Sierus Erdelyi

    TruLine Realty

    (818) 488-0807

    3 in this area

    161 Total Sales

    Sierus Erdelyi
    Section Image
  • Trevor Levin

    Buyer's Agent in 2019

    Trevor Levin

    Nourmand & Associates-BW

    (310) 866-8738

    1 in this area

    55 Total Sales

    Trevor Levin
    Section Image

  • J

    Seller's Agent in 2018

    Jennifer Kleinert

    Coldwell Banker Realty

    (310) 418-7054

    30 Total Sales

    Jennifer Kleinert
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 19-505082

The MLS

APN: 4247-029-010

California Los Angeles County Los Angeles 90066 Mar Vista

12548 Preston Way, Los Angeles, CA

Not Listed for Sale

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