NOT LISTED FOR SALE

Estimated Value: $6,195,000 - $7,688,000

5 Beds
6.5 Baths
5,990 Sq Ft
$1,170/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $5,338,125 $891 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $42,152/month

59 Days on Market

Highlights

  • Wine Cellar
  • Projection Room
  • New Construction
  • Venice High School Rated A
  • Pool House
  • Views of Trees

About This Home

As of October 2020

An exquisite home, set on one of Venices coveted big lots, provides the perfect sanctuary for the discerning buyer that wants it all comfort, quality, privacy, and room to breathe. This uniquely designed nearly 6000 sq architectural has something for everyone soaring 13 ceilings, a gourmet kitchen, sumptuous home theater, sparkling pool and spa and up the floating staircase, just beyond the illuminated wine cellar, a master suite the Ritz would envy. Wonderfully designed for entertaining or just nesting at home, the home features an expansive patio, sundeck, big grassy lawn, built-in bbq and en suite/gym/studio overlooking the backyard oasis. The walls of glass disappear as you invite the outdoors in. Youll notice the flow of the home - an open kitchen/breakfast room/family room, with defined, elegant, separate retreats in the formal, yet warm and inviting living room and dining room. Smart home automation, and lush, mature landscaping maintain complete discretion and privacy.

Last Agent to Sell the Property

Tracey Becker

Compass License #01975821 Listed on: 07/13/2020

Compass

Co-Listed By

Bing Baker

License #01455787

Last Buyer's Agent

Amir Esfandiary

Pacific Prestige Properties License #01972802

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 63x174
  • North Facing Home
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Auto Driveway Gate

Home Design

  • Flat Roof Shape

Interior Spaces

  • 5,990 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Gas Fireplace
  • Wine Cellar
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Dining Area
  • Projection Room
  • Den
  • Recreation Room
  • Bonus Room
  • Views of Trees
  • Alarm System

Kitchen

  • Breakfast Room
  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dressing Area

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Pool House
  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Open Patio
  • Outdoor Grill

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4242-014-023

Home Details

Home Type

Single Family

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 5990
  • Lot Acreage: 0.2500
  • Lot Dimensions: 63x174
  • Planned Urban Dev: 0
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2020
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Gas, Family Room, Living Room, Master Bedroom, Patio
  • Flooring: Hardwood, Tile
  • Bedrooms: 5
  • Fireplaces: 3
  • Full Bathroom: 6
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Dining Area, Family Kitchen, Kitchen Island
  • Laundry: Room
  • Total Bathrooms: 7.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 949.92

Exterior Features

  • Direction Faces: North
  • Other Structures: Pool House
  • Pool Description: Heated, In Ground
  • Pool: Yes
  • Roof: Flat
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Driveway Gate
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4242-014-023
  • Lot Size Area: 10889

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Oct 20, 2020
Sold by
City Homes Llc
Bought by
Merschon Lee and The Triple Hammock Trust
Seller's Agent
Tracey Becker
Compass
Buyer's Agent
Amir Esfandiary
Pacific Prestige Properties
List Price
$5,690,000
Sold Price
$5,338,125
Premium/Discount to List
-$351,875
-6.18%
Current Estimated Value
$7,009,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,671,580
Avg. Annual Appreciation
5.32%
Original Mortgage
$3,736,600
Outstanding Balance
$3,274,027
Interest Rate
2.11%
Mortgage Type
New Conventional
Estimated Equity
$3,735,678

Purchase Details

Closed on
Oct 26, 2018
Sold by
Colon Matthew Michael
Bought by
City Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,902,000
Interest Rate
4.7%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 21, 2017
Sold by
Colon Matthew Michael
Bought by
Colon Matthew Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,542,859
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 25, 2014
Sold by
Hayes Daniel C
Bought by
Colon Matthew Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,676,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2010
Sold by
Hayes Daniel C
Bought by
Hayes Daniel C and The Dch Revocable Trust 2010

Purchase Details

Closed on
Sep 15, 2005
Sold by
Jung Horst
Bought by
Hayes Daniel C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,136,250
Interest Rate
5.63%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 8, 2005
Sold by
Jung Horst
Bought by
Jung Horst and Jung Susan

Purchase Details

Closed on
May 13, 2003
Sold by
Jung Susan
Bought by
Jung Horst

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.77%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 5, 1998
Sold by
Harvey Frank E
Bought by
Jung Horst and Jung Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
7.13%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Merschon Lee $5,338,500 California Title Company
City Homes Llc $2,537,500 California Title Company
Colon Matthew Michael -- Stewart Title Of California
Colon Matthew Michael -- Stewart Title Of California
Colon Matthew Michael $2,095,000 Fidelity National Title
Hayes Daniel C -- None Available
Hayes Daniel C $1,515,000 Fidelity National Title Co
Jung Horst -- --
Jung Horst -- Equity Title
Jung Horst $420,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merschon Lee $3,736,600
Previous Owner City Homes Llc $1,902,000
Previous Owner Colon Matthew Michael $1,542,859
Previous Owner Colon Matthew Michael $1,676,000
Previous Owner Hayes Daniel C $1,136,250
Previous Owner Jung Horst $425,000
Previous Owner Jung Horst $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2020 10/23/20 Sold $5,338,125 -6.2% $891 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $5,690,000 +171.6% $950 / Sq Ft
06/06/2014 06/06/14 Sold $2,095,000 0.0% $906 / Sq Ft View Prior Sale
03/18/2014 03/18/14 Pending -- -- --
03/13/2014 03/13/14 Price Changed $2,095,000 -4.8% $906 / Sq Ft
02/06/2014 02/06/14 For Sale $2,200,000 -- $952 / Sq Ft
Source: The MLS

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 $68,589 $5,778,129 $3,467,029 $2,311,100
2024 $68,589 $5,664,834 $3,399,049 $2,265,785
2023 $67,244 $5,553,759 $3,332,401 $2,221,358
2022 $64,088 $5,444,862 $3,267,060 $2,177,802
2021 $63,319 $5,338,100 $3,203,000 $2,135,100
2019 $30,214 $2,537,500 $2,030,000 $507,500
2018 $27,320 $2,257,087 $1,576,730 $680,357
2016 $26,146 $2,169,443 $1,515,504 $653,939
2015 $25,761 $2,136,857 $1,492,740 $644,117
2014 $18,768 $1,522,000 $1,206,000 $316,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-603428

The MLS

APN: 4242-014-023