NOT LISTED FOR SALE

1308 Elm Ave Manhattan Beach, CA 90266

Estimated Value: $3,156,000 - $4,540,000

3 Beds
2 Baths
1,394 Sq Ft
$2,861/Sq Ft Est. Value

Last Sold September 29, 2014

Last sale price $1,600,000 $1,148 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $23,555/month

17 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Brick Porch or Patio
  • Pacific Elementary School Rated A
  • No HOA
  • Eat-In Kitchen

About This Home

As of September 2014

CHARMING CAPE COD HOME in the DESIRABLE TREE SECTION of MANHATTAN BEACH. There is NOTHING ELSE LIKE IT ON THE MARKET in THIS PRICE RANGE AND LOCATION! Hardwood Floors and Tile Throughout. Newly Painted. Fireplace and Bay Window in the Living Room. Large Kitchen with Granite Counter Tops and Stainless Steel Appliances (Built-in Large Stainless Steel Refrigerator). The Laundry Room is Adjacent to the Kitchen with Direct Access to the Side Yard Area. Baths Have Been Updated with Decorative Tile, Granite Counter Top and More.
This Home is in MOVE-IN CONDITION...Ideal for Owner Occupied or Use as a Rental for a Great Investment. This Price Point Will Allow for a Future Large Home Build Out, If So Desired. Very Few of These Types of Opportunities Still Left in the Area.
This Lot is Larger Than Most Single Lot Homes on the Streets Within the Immediate Area. The Driveway (40 x 10 = 400 sq ft) Makes for a Great Private Entrance and Additional 5-7 Car Parking ON the Property...a VERY RARE Find! The Driveway Arrangement also Allows for the Lot to Include Great Side and Back Yard Areas.

Last Agent to Sell the Property

Cindy Shearin

Strand Hill Properties License #00925580 Listed on: 07/17/2014

Last Buyer's Agent

Cindy Shearin

Strand Hill Properties License #00925580 Listed on: 07/17/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,949

Year Built

  • Built in 1951

Lot Details

  • 4,897 Sq Ft Lot
  • Wood Fence
  • Stucco Fence
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • Cape Cod Architecture
  • Composition Roof

Interior Spaces

  • 1,394 Sq Ft Home
  • French Doors
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Rain Gutters
  • Brick Porch or Patio

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1638
  • Assessor Parcel Number 4170008002

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,949

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Built In Refrigerator
  • Property Attached: No
  • View: No
  • Architectural Style: Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4170008002
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1394.00
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 1147.78

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Stucco Wall, Wood
  • Patio And Porch Features: Brick, Porch
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Manhattan Unified

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4897.00
  • Lot Size Acres: 0.1120

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4897.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1638

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2014
Closed on
Sep 19, 2014
Sold by
Contreras Nick A
Bought by
Newell Kathleen
Seller's Agent
Cindy Shearin
Strand Hill Properties
Buyer's Agent
Cindy Shearin
Strand Hill Properties
List Price
$1,649,000
Sold Price
$1,600,000
Premium/Discount to List
-$49,000
-2.97%
Current Estimated Value
$3,987,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,387,831
Avg. Annual Appreciation
8.61%
Original Mortgage
$1,280,000
Outstanding Balance
$980,945
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$2,996,380

Purchase Details

Closed on
Aug 26, 2011
Sold by
Kirchwehm Bryan J
Bought by
Contreras Nick A and Contreras Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
4.46%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 30, 2005
Sold by
Kirchwehm Bryan J
Bought by
Kirchwehm Bryan J and Kirchwehm Mary Elise

Purchase Details

Closed on
Aug 6, 2003
Sold by
Leon Manuel J
Bought by
Kirchwehm Bryan J and Kirchwehm Mary Elise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2002
Sold by
Garcia Leon Maria Adela
Bought by
Leon Manuel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 16, 2000
Sold by
Zakman Stephen M
Bought by
Leon Manuel J and Garcia Leon Maria Adela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
6.25%

Purchase Details

Closed on
Jan 29, 1997
Sold by
Pagnini Anthony K
Bought by
Zakman Stephen M and Zakman Nicole R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.5%
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
Newell Kathleen $1,600,000 None Available
Contreras Nick A $193,500 Fidelity National Title Co
Kirchwehm Bryan J -- --
Kirchwehm Bryan J $840,000 Ticor Title Company
Leon Manuel J -- --
Leon Manuel J $645,000 Fidelity National Title Co
Zakman Stephen M $425,000 Title Land Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newell Kathleen $1,280,000
Previous Owner Contreras Nick A $1,225,000
Previous Owner Kirchwehm Bryan J $650,000
Previous Owner Leon Manuel J $596,200
Previous Owner Leon Manuel J $516,000
Previous Owner Zakman Stephen M $340,000
Closed Leon Manuel J $64,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2014 09/29/14 Sold $1,600,000 -3.0% $1,148 / Sq Ft
08/03/2014 08/03/14 Pending -- -- --
07/17/2014 07/17/14 For Sale $1,649,000 -- $1,183 / 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 $27,949 $2,483,216 $1,538,365 $944,851
2024 $27,949 $2,434,526 $1,508,201 $926,325
2023 $27,154 $2,386,791 $1,478,629 $908,162
2022 $26,684 $2,339,992 $1,449,637 $890,355
2021 $26,243 $2,725,135 $1,421,213 $1,303,922
2019 $19,800 $1,723,824 $1,379,060 $344,764
2018 $19,361 $1,690,024 $1,352,020 $338,004
2016 $17,982 $1,624,400 $1,299,520 $324,880
2015 $17,608 $1,600,000 $1,280,000 $320,000
2014 $11,044 $983,645 $676,256 $307,389
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14152067

California Regional Multiple Listing Service (CRMLS)

APN: 4170-008-002