NOT LISTED FOR SALE

1381 Avenida de Cortez Pacific Palisades, CA 90272

Estimated Value: $2,004,000 - $3,004,988

4 Beds
2.5 Baths
3,298 Sq Ft
$742/Sq Ft Est. Value

Last Sold September 05, 2018

Last sale price $2,350,000 $713 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $16,334/month

15 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Bonus Room
  • Tennis Courts
  • Traditional Architecture
  • 4 Car Direct Access Garage

About This Home

As of September 2018

Experience one of the largest flat (1/3 acre) lots in the Highlands w/fantastic ocean & mountain vista views. This fully remodeled 4 bed 2 ½ bath 3,300 sq ft trad home is gated & conveniently located at end of a peaceful cul-de-sac. Kitchen has granite counters, Thermador dishwasher, new island vent hood & opens to family room. Slate tile in entry, DR & kitchen plus new carpet. Cozy step-down bar area w/fireplace. The wood spiral staircase takes you upstairs to 4 spacious bedrooms & a giant fam rm (or 5th bed) & 2 baths, plus a nice deck. Upstairs bath has new marble vanity. Master has tall ceilings, a large bath & walk-in closet. Oversized garage, great for storage. Enjoy your spacious over 20k yard w/outdoor speakers, built in patio heater, sand pit for a swing set, & trampoline while relaxing to the gorgeous views. Entertainer's dream. Santa Ynez Rec Center has a sparkling pool, spa,3 tennis courts, gym, club house, playground all 1 block away.

Last Agent to Sell the Property

Anthony Marguleas

Amalfi Estates License #01173073 Listed on: 07/10/2018

Last Buyer's Agent

Richard Stearns

Compass License #01118915

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,338

Year Built

  • Built in 1973

Lot Details

  • 0.34 Acre Lot
  • Property is zoned LAR1

HOA Fees

Parking

  • 4 Car Direct Access Garage

Property Views

  • Ocean
  • Mountain
  • Park or Greenbelt

Home Design

  • Traditional Architecture

Interior Spaces

  • 3,298 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Bonus Room
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Tennis Courts
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4431-006-016

Community Details

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,338

Year Built

Built in 1973

Lot Details

0

HOA Fees

$341 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 3298
  • Probate: No
  • Stories: 2
  • Year Built: 1973
  • Number Of Photos: 49
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room
  • Flooring: Carpet, Slate, Tile
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 724.68

Exterior Features

  • Tennis Court: Community
  • Tennis Court Y/N: Yes
  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: Green Belt, Mountains, Ocean, Water
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Direct Entrance, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Monthly
  • HOA Fees: 226.00
  • HOA Fees: 115.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4431-006-016
  • Geocode Override: No
  • Lot Size Area: 14740

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2019
Sold by
Owens Emily Kelton and Owens Edward Michaelsen
Bought by
Michaelsen Owens Emily Kelton and Michaelsen Owens Edward
Current Estimated Value
$2,443,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,880,000
Outstanding Balance
$1,610,575
Interest Rate
2.25%
Estimated Equity
$837,088

Purchase Details

Listed on
Jul 10, 2018
Closed on
Jul 24, 2018
Sold by
Klein Howard
Bought by
Owens Emily and Owens Edward
Seller's Agent
Anthony Marguleas
Amalfi Estates
Buyer's Agent
Richard Stearns
Compass
List Price
$2,390,000
Sold Price
$2,350,000
Premium/Discount to List
-$40,000
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.59%
Original Mortgage
$1,880,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 24, 2017
Sold by
Klein Howard
Bought by
Klein Howard and Kletn Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 8, 2003
Sold by
Steinberg Robert
Bought by
Klein Howard D and Klein Lisa H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
5.71%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 14, 1994
Sold by
Pane Lawrence G
Bought by
Steinberg Robert and Steinberg Joy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
7.25%
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
Michaelsen Owens Emily Kelton -- Amrock Inc
Owens Emily $2,350,000 Usa National Title Company
Klein Howard -- Trgc
Klein Howard D $1,200,000 Equity Title Company
Steinberg Robert $730,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michaelsen Owens Emily Kelton $1,880,000
Previous Owner Owens Emily $1,880,000
Previous Owner Owens Emily $1,880,000
Previous Owner Klein Howard $1,050,000
Previous Owner Klein Howard D $410,000
Previous Owner Klein Howard D $1,050,000
Previous Owner Klein Howard D $250,000
Previous Owner Klein Howard D $999,999
Previous Owner Klein Howard D $1,000,000
Previous Owner Klein Howard D $390,000
Previous Owner Steinberg Robert $872,700
Previous Owner Steinberg Robert $253,000
Previous Owner Steinberg Robert $124,000
Previous Owner Steinberg Robert $584,000
Closed Klein Howard D $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2018 09/05/18 Sold $2,350,000 -1.7% $713 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
07/10/2018 07/10/18 For Sale $2,390,000 -- $725 / 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 $31,338 $2,444,658 $1,505,950 $938,708
2024 $31,338 $2,570,066 $1,640,468 $929,598
2023 $30,729 $2,519,673 $1,608,302 $911,371
2022 $29,299 $2,470,268 $1,576,767 $893,501
2021 $28,941 $2,421,832 $1,545,850 $875,982
2020 $29,241 $2,397,000 $1,530,000 $867,000
2019 $28,071 $2,350,000 $1,500,000 $850,000
2018 $18,725 $1,527,463 $1,196,516 $330,947
2017 $18,322 $1,497,513 $1,173,055 $324,458
2016 $17,905 $1,468,151 $1,150,054 $318,097
2015 $17,644 $1,446,099 $1,132,780 $313,319
2014 $17,705 $1,417,773 $1,110,591 $307,182
Source: Public Records

Agents Affiliated with this Home

  • Anthony Marguleas

    Seller's Agent in 2018

    Anthony Marguleas

    Amalfi Estates

    (310) 293-9280

    83 in this area

    305 Total Sales

    Section Image
  • Richard Stearns

    Buyer's Agent in 2018

    Richard Stearns

    Compass

    (310) 850-9284

    5 in this area

    79 Total Sales

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Map

Source: The MLS

MLS Number: 18-361828

The MLS

APN: 4431-006-016

California Los Angeles County Pacific Palisades 90272

1381 Avenida de Cortez, Pacific Palisades, CA

This home is located at 1381 Avenida de Cortez, Pacific Palisades, CA 90272 since 10 July 2018 and is currently estimated at $2,447,663, approximately $742 per square foot. This property was built in 1973. 1381 Avenida de Cortez is a home located in Los Angeles County with nearby schools including Marquez Charter School, Palisades Charter High, and Calvary Christian School.

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