NOT LISTED FOR SALE

12756 Milbank St Studio City, CA 91604

Estimated Value: $2,580,000 - $2,879,000

4 Beds
3 Baths
3,676 Sq Ft
$751/Sq Ft Est. Value

Last Sold August 26, 2016

Last sale price $1,565,000 $426 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $16,552/month

12 Days on Market

Highlights

  • Attached Guest House
  • Koi Pond
  • RV Access or Parking
  • Ulysses S. Grant Senior High School Rated A-
  • Home fronts a pond
  • Primary Bedroom Suite

About This Home

As of August 2016

One of a kind luxurious architectural gem on an over 14,000 sf flat lot. Hidden in a quiet street lined with mature trees. This amazing home, 3676 sq ft, 4 bed + 3 bath + loft + attached guest unit w/kitchen, will surprise you as soon as you open the double entry door to the living room. Lit up from 3 orientations with cathedral windows, it is graced by a spacious loft overlooking the social scene downstairs. Features bamboo flooring, large bay window seat, recessed lighting, gourmet custom-made maple kitchen cabinetry, high-end stainless steel appliances, granite counter tops, dual ovens and 2 dishwashers, walk-in pantry with glass doors, large island and stone backsplash. Step down dining room is graced with rotunda windows facing the gated flagstone motor court. High ceiling den boasts dark oak floor, tiled wet bar, and French windows/doors to shady courtyard. Master bedroom features glass block fireplace, has its own A/C, skylight lit huge bath with steam shower & dual jets, 2 sinks and separate vanity, her and his fitted closets with glass sliding doors. 3 zone A/C units. Gorgeously lush landscaped backyard with fruit trees. Attached guest unit with 1 bed + 1 bath + kitchen, square footage not included. Minutes from the Studios & Shopping Centers.

Last Agent to Sell the Property

Aviva Markush

Coldwell Banker Realty License #01214063 Listed on: 05/23/2016

Coldwell Banker Realty

Last Buyer's Agent

Dana Rose Saffron

Sotheby's International Realty License #01239820

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,926

Year Built

  • Built in 1925

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 55 x 235
  • Home fronts a pond
  • Masonry wall
  • Landscaped
  • Backyard Sprinklers
  • Wooded Lot
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard

Property Views

  • Pond
  • Woods
  • Meadow

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Turnkey
  • Interior Block Wall
  • Composition Roof
  • Flagstone

Interior Spaces

  • 3,676 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Track Lighting
  • Double Pane Windows
  • Drapes & Rods
  • French Mullion Window
  • Bay Window
  • Garden Windows
  • Window Screens
  • Double Door Entry
  • French Doors
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Loft
  • Storage
  • Utility Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Self-Cleaning Oven
  • Electric Oven
  • Six Burner Stove
  • Gas Cooktop
  • Range Hood
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Bamboo
  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Walk-In Closet
  • Mirrored Closets Doors
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 14 Car Attached Garage
  • 7 Carport Spaces
  • Parking Available
  • Uncovered Parking
  • Parking Lot
  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Stone Porch or Patio
  • Koi Pond
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Gas Water Heater
  • Water Purifier

Additional Features

  • More Than Two Accessible Exits
  • Attached Guest House

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 5588
  • Assessor Parcel Number 2362016032

Community Details

Overview

  • No Home Owners Association
  • Valley

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,926

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2362016032
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3676.00
  • Interior Amenities: Block Walls, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Storage, Track Lighting, Two Story Ceilings, Wet Bar
  • Entry Location: Living Room
  • Common Walls: 2+ Common Walls
  • Flooring: Bamboo, Carpet, Stone, Tile, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Double Door Entry, French Doors, Mirror Closet Door(s), Sliding Doors
  • Eating Area: Area, Dining Room, In Kitchen
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Multi/Split
  • Price Per Square Foot: 425.73
  • Room Type: All Bedrooms Down, Den, Family Room, Guest/Maid's Quarters, Great Room, Loft, Living Room, Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Separate Family Room, Utility Room
  • Window Features: Bay Window(s), Drapes, Double Pane Windows, French/Mullioned, Garden Window(s), Screens, Skylight(s)
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House, Guest House Attached
  • Exterior Features: Koi Pond, Lighting, Rain Gutters
  • View: Meadow, Pond, Trees/Woods
  • Fence: Yes
  • Fencing: Masonry
  • Patio And Porch Features: Patio Open, Stone, Tile
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Flagstone

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Paved, Off Street, Parking Space, RV Access/Parking, RV Gated, Uncovered
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Double Oven, Dishwasher, Electric Oven, Freezer, Disposal, Gas Range, Gas Cooktop, Gas Water Heater, Range Hood, Ice Maker, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator, Water Purifier
  • Heating Type: Central, Zoned
  • Laundry Features: Common Area, Dryer Included, Individual Room, Washer Included
  • Water Source: Public
  • Cooling: Central Air, Dual, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Valley

Schools

  • School District: Los Angeles Unified

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Lawn, Landscaped, Sprinklers In Rear, Sprinklers Timer, Sprinkler System, Treed Lot, Yard
  • Lot Size: 55 X 235
  • Lot Size Sq Ft: 14098.00
  • Price Per Lot Square Foot: 111.01

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Pond

Tax Info

  • Tax Lot: 21
  • Tax Tract Number: 5588

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2017
Sold by
Park Ben
Bought by
Park Ben and Park Amy
Current Estimated Value
$2,702,366

Purchase Details

Listed on
May 23, 2016
Closed on
Jun 28, 2016
Sold by
Handelman Avi
Bought by
Park Ben and Park Amy
Seller's Agent
Aviva Markush
Coldwell Banker Realty
Buyer's Agent
Dana Rose Saffron
Sotheby's International Realty
List Price
$1,599,000
Sold Price
$1,565,000
Premium/Discount to List
-$34,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$1,000,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 6, 2011
Sold by
Handelman Avi
Bought by
Handelman Avi and Handelman Juliet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2006
Sold by
Handelman Avi
Bought by
Handelman Avi and Handelman Juliet

Purchase Details

Closed on
Apr 23, 2001
Sold by
Handelman Avi
Bought by
Handelman Avi and Handelman Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
7%

Purchase Details

Closed on
Dec 30, 1998
Sold by
Handelman Avi
Bought by
Handelman Avi and Judah Tal Juliet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 3, 1997
Sold by
Park John
Bought by
Handleman Avi and Judah Tal Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3.82%

Purchase Details

Closed on
Jan 21, 1994
Sold by
Park John
Bought by
Park John and Park Katherine Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
4.62%

Purchase Details

Closed on
Nov 30, 1993
Sold by
Park Katherine W Lee
Bought by
Park John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
4.62%

Purchase Details

Closed on
Nov 22, 1993
Sold by
Becker Paul
Bought by
Park John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
4.62%
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
Park Ben -- None Available
Park Ben -- None Available
Park Ben $1,565,000 Old Republic Title Company
Handelman Avi -- Chicago Title Company
Handelman Avi -- Fidelity Van Nuys
Handelman Avi -- None Available
Handelman Avi -- Fidelity National Title Co
Handelman Avi -- American Title Co
Handleman Avi $360,000 Progressive Title Company
Park John -- --
Park John -- Southland Title
Park John $310,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Family Trust $500,000
Closed Park Family Trust $376,100
Open Park Ben $1,446,500
Closed Park Ben $956,000
Closed Park Ben $970,000
Closed Park Ben $976,365
Previous Owner Park Ben $1,000,000
Previous Owner Handelman Avi $1,000,000
Previous Owner Handelman Avi $530,000
Previous Owner Handelman Avi $540,000
Previous Owner Handelman Avi $549,860
Previous Owner Handelman Avi $560,000
Previous Owner Handelman Avi $500,000
Previous Owner Handelman Avi $588,000
Previous Owner Handelman Avi $100,000
Previous Owner Handelman Avi $487,500
Previous Owner Handelman Avi $83,000
Previous Owner Handleman Avi $288,000
Previous Owner Park John $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2016 08/26/16 Sold $1,565,000 -2.1% $426 / Sq Ft
06/04/2016 06/04/16 Pending -- -- --
05/23/2016 05/23/16 For Sale $1,599,000 -- $435 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,926 $1,816,309 $1,453,049 $363,260
2024 $21,926 $1,780,696 $1,424,558 $356,138
2023 $21,502 $1,745,781 $1,396,626 $349,155
2022 $20,503 $1,711,551 $1,369,242 $342,309
2021 $20,247 $1,677,993 $1,342,395 $335,598
2019 $19,641 $1,628,225 $1,302,580 $325,645
2018 $19,459 $1,596,300 $1,277,040 $319,260
2017 $0 $1,565,000 $1,252,000 $313,000
2016 $6,861 $556,868 $279,426 $277,442
2015 $6,762 $548,504 $275,229 $273,275
2014 $6,791 $537,760 $269,838 $267,922
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16109925

California Regional Multiple Listing Service (CRMLS)

APN: 2362-016-032