$5,287,000 - $6,499,702
RENTED AUG 29, 2024

1348 Marinette Rd Pacific Palisades, CA 90272

6 Beds
6 Baths
5,300 Sq Ft
$1,134 Price per Sq Ft

Last Sold November 21, 2019

Last sale price $4,375,000 $825 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $37,484/month

Highlights

  • Ocean View
  • 0.48 Acre Lot
  • Arts and Crafts Architecture
  • Heated In Ground Pool
  • Family Room with Fireplace
  • Wood Flooring

About This Home

As of August 2024

Tranquility amid the city. This stately traditional residence is regally perched at a slightly higher elevation from the street and offers beautiful views of the ocean, city and rolling green hills. Ultra-private, gated and surrounded with lush hedging and distance from neighboring homes. Tastefully remodeled with all of the modern conveniences. You'll be welcome by the impressive formal entry and gleaming hardwood floors throughout. The many windows provide ample natural light and views of the city as well as the meticulously landscaped grounds. Interior complete with six bedrooms each with a private en-suite bath. The formal living room showcases high-vaulted ceilings and fireplace. The kitchen features a butler's pantry, top-of-the-line appliances and large island which opens to the expansive family room perfect for entertaining indoors or outdoors in the manicured backyard. Relax and enjoy quiet time in the library or outside with the pool, spa and grill, or dine al fresco. The generous master bedroom is a heavenly retreat boasting stunning views, spa-like shower room and spacious walk-in closet with dressing area. Conveniently located a short distance from the Palisades Village, popular dining, entertainment and shopping including access to top rate schools. Whether you are seeking a restful night in, looking for an exciting night out or to have fun hosting this property has it all.

Last Agent to Rent the Property

Amit Ironi

Carolwood Estates License #02160150 Listed on: 03/14/2024

Carolwood Estates

Last Renter's Agent

Justin Alexander

Hilton Hilton License #01733939

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $56,940

Year Built

  • Built in 1994

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 160x100
  • Property is zoned LARE15

Property Views

  • Ocean
  • Coastline
  • City Lights
  • Mountain

Home Design

  • Arts and Crafts Architecture

Interior Spaces

  • 5,300 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Oven or Range
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Driveway

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Waterfall Pool Feature

Additional Features

  • Outdoor Grill
  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Security Deposit $85,000
  • Tenant pays for gas, electricity, insurance, water, trash collection
  • 12 Month Lease Term
  • Assessor Parcel Number 4422-032-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,940

Year Built

Built in 1994

Lot Details

0

Rental Info

  • Lease Option: 1
  • Security Deposit: 85000
  • Tenant Pays: Gas, Electricity, Insurance, Water, Trash Collection

Listing Details

  • Property Type: Residential Lease
  • Style: Arts and Crafts
  • Single Family Or Apt: Single Family
  • Levels: Two
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 5300
  • Lot Acreage: 0.4754
  • Lot Dimensions: 160x100
  • Stories: 1
  • Year Built: 1994
  • Number Of Photos: 45
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Family Room, Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 6
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Central Vacuum, Dishwasher, Dryer, Freezer, Garbage Disposal, Ice Maker, Hood Fan, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 7.08

Exterior Features

  • Pool Description: In Ground, Waterfall, Heated
  • Pool: Yes
  • Spa: Heated, In Ground
  • Spa Yn: Yes
  • View: Ocean, Mountains, Coastline, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Driveway
  • Total Parking: 2

Utilities

  • Cooling: Central, Multi/Zone
  • Heating: Central, Zoned

Association/Amenities

  • Pet Rules: Yes

Lot Info

  • Assessor Parcel Number: 4422-032-016
  • Lot Size Area: 20707

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2020
Sold by
Selby Richard W
Bought by
Selby Richard W
Current Estimated Value
$6,008,567

Purchase Details

Listed on
Oct 11, 2019
Closed on
Nov 16, 2019
Sold by
Geiser Thomas and Schweers Donna
Bought by
Selby Richard W
Seller's Agent
Su-Z Schneider
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Richard Selby
List Price
$4,495,000
Sold Price
$4,375,000
Premium/Discount to List
-$120,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Dec 10, 2017
Sold by
Geiser Thomas and Schweers Donna
Bought by
Geiser Thomas and Schweers Donna

Purchase Details

Closed on
Mar 24, 2005
Sold by
Karasik Louis A and Karasik Laura A
Bought by
Karasik Louis A and Karasik Laura A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2005
Sold by
Karasik Louis A and Karasik Laura A
Bought by
Karasik Louis A and Karasik Laura A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 17, 2003
Sold by
Karasik Louis A and Karasik Laura A
Bought by
Karasik Louis A and Karasik Laura A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2002
Sold by
Karasik Louis A and Karasik Laura A
Bought by
Karasik Louis A and Karasik Laura A
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
Selby Richard W -- Lawyers Title
Selby Richard W -- Lawyers Title
Geiser Thomas -- None Available
Geiser Thomas -- None Available
Geiser Thomas -- None Available
Karasik Louis A -- --
Karasik Louis A -- First American Title Ins Co
Karasik Louis A -- Gateway Title Company
Karasik Louis A -- Gateway Title Company
Karasik Louis A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Selby Richard W $4,000,000
Previous Owner Karasik Louis A $417,000
Previous Owner Karasik Louis A $760,000
Previous Owner Karasik Louis A $795,000
Previous Owner Karasik Louis A $100,000
Previous Owner Karasik Louis A $50,000
Closed Karasik Louis A $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2024 08/29/24 Rented $30,000 -20.0% --
07/03/2024 07/03/24 Price Changed $37,500 -11.8% $7 / Sq Ft
03/14/2024 03/14/24 For Rent $42,500 +21.4% --
03/14/2023 03/14/23 Rented $35,000 -12.4% --
02/16/2023 02/16/23 For Rent $39,950 +73.7% --
01/11/2022 01/11/22 Rented $23,000 -8.0% --
12/31/2021 12/31/21 Price Changed $25,000 -16.5% $6 / Sq Ft
09/22/2021 09/22/21 Price Changed $29,950 -14.4% $7 / Sq Ft
08/04/2021 08/04/21 For Rent $35,000 0.0% --
11/21/2019 11/21/19 Sold $4,375,000 -2.7% $1,009 / Sq Ft
10/22/2019 10/22/19 Pending -- -- --
10/11/2019 10/11/19 For Sale $4,495,000 -- $1,037 / 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 $56,940 $4,392,353 $3,444,984 $947,369
2024 $56,940 $4,690,881 $3,752,706 $938,175
2023 $55,827 $4,598,904 $3,679,124 $919,780
2022 $53,214 $4,508,731 $3,606,985 $901,746
2021 $52,576 $4,420,325 $3,536,260 $884,065
2019 $23,887 $1,988,080 $1,092,232 $895,848
2018 $23,732 $1,949,099 $1,070,816 $878,283
2017 $23,218 $1,910,882 $1,049,820 $861,062
2016 $22,684 $1,873,415 $1,029,236 $844,179
2015 $22,351 $1,845,275 $1,013,776 $831,499
2014 $22,422 $1,809,130 $993,918 $815,212
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-368747

The MLS

APN: 4422-032-016