Seller's Agent in 2024
Melanie Sommers
Compass
(310) 418-0343
7 in this area
84 Total Sales
1337 Palms Blvd Venice, CA 90291
Venice NeighborhoodEstimated Value: $3,285,987 - $3,484,000
3
Beds
2.5
Baths
3,276
Sq Ft
$1,031/Sq Ft
Est. Value
Highlights
- Detached Guest House
- Art Studio
- 0.25 Acre Lot
- Venice High School Rated A
- Solar Power System
- Room in yard for a pool
About This Home
As of June 2024Unique opportunity in prime Venice on a rare 10,895 square foot flat lot. The front architectural studio is flooded with natural light and consists of an open lower level office space with floor to ceiling glass doors and an expansive art studio above. The back house is an airy California bungalow with vaulted ceilings consisting of two bedrooms and one bathroom. The serene, oversized yard includes stunning, mature drought-tolerant landscape, a fire pit, and room for a pool/spa. Bring your creativity, builder and/or designer to this once in a generation compound that is in the heart of Venice and moments from the shops and restaurants on Lincoln Blvd, Abbot Kinney, the beach and the greater Westside.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,968
Year Built
- Built in 2001
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 63x174
- Property is zoned LAR1
Interior Spaces
- 3,276 Sq Ft Home
- 2-Story Property
- Built-In Features
- Living Room
- Dining Area
- Home Office
- Art Studio
- Workshop
- Washer
Kitchen
- Oven or Range
- Dishwasher
Flooring
- Wood
- Carpet
- Linoleum
- Concrete
Bedrooms and Bathrooms
- 3 Bedrooms
- Studio bedroom
- Powder Room
Parking
- 2 Parking Spaces
- Driveway
Pool
- Room in yard for a pool
- Above Ground Spa
Additional Features
- Solar Power System
- Detached Guest House
- Radiant Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 4244-028-007
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 4, 2024
Closed on
May 31, 2024
Sold by
Wagner-Mcright Living Trust and Wagner Warren
Bought by
Eugene F Fama Grantor Retained Annuity Trust and Fama
Seller's Agent
Melanie Sommers
Compass
Buyer's Agent
Susan Kastner
Compass
List Price
$3,350,000
Sold Price
$3,400,000
Premium/Discount to List
$50,000
1.49%
Views
15
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
-$22,753
Avg. Annual Appreciation
0.50%
Purchase Details
Closed on
Jun 17, 2022
Sold by
Wagner-Mcright Living Trust
Bought by
Wagner-Mcright Living Trust
Purchase Details
Closed on
Jul 23, 2003
Sold by
Wagner Warren W and Mcright Susan K
Bought by
Wagner Warren W and Mcright Susan K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 27, 2001
Sold by
Wolff Mcright Susan K and Wolff Wagner Warren
Bought by
Wagner Warren W and Mcright Susan K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,000
Interest Rate
6.73%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 30, 1999
Sold by
Minnick Ollie
Bought by
Wagner Warren Wolff and Mcright Susan K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
7.77%
Purchase Details
Closed on
Sep 3, 1999
Sold by
Agnew Joy L and Agnew William C
Bought by
Minnick Ollie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
7.77%
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Eugene F Fama Grantor Retained Annuity Trust | $3,400,000 | Chicago Title Company | |
| Wagner-Mcright Living Trust | -- | Stewart Title Of California In | |
| Wagner Warren W | -- | Stewart Title Of Ca Inc | |
| Wagner Warren W | -- | -- | |
| Wagner Warren Wolff | $343,000 | Southland Title | |
| Minnick Ollie | -- | Southland Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wagner Warren W | $172,000 | |
| Previous Owner | Wagner Warren W | $30,000 | |
| Previous Owner | Wagner Warren W | $265,000 | |
| Previous Owner | Wagner Warren Wolff | $269,000 | |
| Previous Owner | Wagner Warren Wolff | $274,000 | |
| Closed | Wagner-Mcright Living Trust | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2024 06/07/24 | Sold | $3,400,000 | +1.5% | $1,038 / Sq Ft |
| 04/28/2024 04/28/24 | Pending | -- | -- | -- |
| 04/04/2024 04/04/24 | For Sale | $3,350,000 | -- | $1,023 / 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 | $9,968 | $796,201 | $413,468 | $382,733 |
| 2023 | $9,782 | $780,590 | $405,361 | $375,229 |
| 2022 | $9,339 | $765,285 | $397,413 | $367,872 |
| 2021 | $9,208 | $750,280 | $389,621 | $360,659 |
| 2020 | $9,297 | $742,587 | $385,626 | $356,961 |
| 2019 | $8,937 | $728,027 | $378,065 | $349,962 |
| 2018 | $8,842 | $713,752 | $370,652 | $343,100 |
| 2016 | $8,433 | $686,038 | $356,260 | $329,778 |
| 2015 | $8,311 | $675,734 | $350,909 | $324,825 |
| 2014 | $8,349 | $662,499 | $344,036 | $318,463 |
Source: Public Records
Agents Affiliated with this Home
-
Melanie Sommers
-
Susan Kastner
Buyer's Agent in 2024
Susan Kastner
Compass
(310) 880-9227
1 in this area
48 Total Sales
Map
Source: The MLS
MLS Number: 24-375573
APN: 4244-028-007
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