$11,750,000
SOLD NOV 1, 2017
5 Beds
5.5 Baths
5,950 Sq Ft
0.36 Acres

Recently Sold

$1,975 Per Sq Ft

6% Below List Price

80 Days on Market

Highlights

  • Coastline Views
  • Wine Cellar
  • Contemporary Architecture
  • Warner Avenue Elementary Rated A
  • Infinity Pool
  • Living Room with Fireplace

About This Home

As of November 2024

California living at its finest defines this stunning custom contemporary home designed around the art of entertaining.Views of the city to the ocean combined w/custom modern features that includewalls of windows & sliding glass doors that line the rear of the home on all levels, looking out over the grounds, outdoor living area, & infinity edge swimming pool built with the highest level of finishes available today.The custom kitchen is a work of art. Italian cabinetry hand cut marble counters & sinks all showcasing the killer views.A massive lower level with a 40ft sliding glass door & custom bar perfect for entertaining any day of the week. 3 large private suites encompass the main floor w/a floating stair case that leads to an impressive master suite that encompasses the entire second level. A large lounge that opens to a massive deck with stunning jet liner views & amenities that rival any luxury resort are just a few of the details that make this home a true one of a kind.

Last Agent to Sell the Property

Matthew Schwartz

Douglas Elliman of California, Inc. License #02035608 Listed on: 09/13/2017

Douglas Elliman of California, Inc.

Co-Listed By

Bjorn Farrugia

Carolwood Estates License #01864250

Last Buyer's Agent

Billy Dolan

Carolwood Estates License #01757323

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $158,228

Year Built

  • Built in 1975

Lot Details

  • 0.36 Acre Lot
  • Property is zoned LARE15

Parking

  • Garage

Property Views

  • Coastline
  • City Lights
  • Canyon

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,950 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Entryway
  • Wine Cellar
  • Living Room with Fireplace
  • Home Office
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Infinity Pool
  • In Ground Spa

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4355-015-051

Home Details

Home Type

Single Family

Est. Annual Taxes

$158,228

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 5950
  • Stories: 2
  • Year Built: 1975
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Ceramic Tile, Hardwood, Stone
  • Bedrooms: 5
  • Full Bathroom: 5
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 2100.67

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: In Ground, Negative Edge/Infinity Pool
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Canyon, City Lights, Coastline
  • View: Yes

Garage/Parking

  • Parking Garage: Garage

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4355-015-051
  • Geocode Override: No
  • Lot Size Area: 15803

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Oct 29, 2024
Sold by
Derek Collison Family Revocable Trust and Collison Derek Lee
Bought by
Ssp Opportunity Trust and Sethi
Seller's Agent
Lloyd Ross
Douglas Elliman
Buyer's Agent
Trey Alligood
Douglas Elliman
List Price
$12,900,000
Sold Price
$12,000,000
Premium/Discount to List
-$900,000
-6.98%
Views
2620
Current Estimated Value
$8,418,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,581,040
Avg. Annual Appreciation
-30.07%

Purchase Details

Listed on
Sep 13, 2017
Closed on
Oct 25, 2017
Sold by
Casper Falls Investments Llc
Bought by
Collison Derek Lee and The Derek Collison Family Revocable Trus
Seller's Agent
Matthew Schwartz
Douglas Elliman of California, Inc.
Buyer's Agent
Billy Dolan
Carolwood Estates
List Price
$12,499,000
Sold Price
$11,750,000
Premium/Discount to List
-$749,000
-5.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.30%

Purchase Details

Listed on
Feb 2, 2015
Closed on
Mar 17, 2015
Sold by
90210 Ventures Llc
Bought by
Casper Falls Investments Llc
Seller's Agent
Dustin Nicholas
Nicholas Property Group
Buyer's Agent
Adam Rosenfeld
Resident Group
List Price
$7,695,000
Sold Price
$7,695,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.61%
Original Mortgage
$5,386,500
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2014
Sold by
An Richard Taehyuck
Bought by
90210 Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,496,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2005
Sold by
Moon Jeannette M
Bought by
Bloom Alan J

Purchase Details

Closed on
Mar 22, 2005
Sold by
Liao Tze Chun
Bought by
Liao Huai Fen

Purchase Details

Closed on
Mar 22, 2002
Sold by
An Richard Taehyuck and An Grace Hwami
Bought by
An Richard Taehyuck

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.84%

Purchase Details

Closed on
Feb 21, 2001
Sold by
Rosenthal Richard M and The Stephen J Gabin Trust
Bought by
An Tae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
7%

Purchase Details

Closed on
Apr 13, 2000
Sold by
Dabany Marie Josephine Kama
Bought by
Secured California Investments Inc

Purchase Details

Closed on
Feb 2, 2000
Sold by
Monia Family Trust and Marilyn E
Bought by
Gabin Md Stephen J and The Stephen J Gabin Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6%

Purchase Details

Closed on
Jan 12, 1999
Sold by
Family Trust Monia Walter J And Edna E Trs Mo and Gaskin Marilyn E
Bought by
Gaskin Marilyn E and The Monia Family Trust
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 Type Sale Price Title Company
Grant Deed $12,000,000 Progressive Title Company
Grant Deed $11,750,000 None Available
Grant Deed $7,695,000 Fidelity
Grant Deed -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Chicago Title
Interfamily Deed Transfer -- First Southwestern Title
Individual Deed $1,350,000 --
Grant Deed -- --
Individual Deed -- Equity Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $12,000,000 New Conventional
Previous Owner $4,000,000 New Conventional
Previous Owner $4,000,000 New Conventional
Previous Owner $3,300,000 Construction
Previous Owner $5,386,500 Purchase Money Mortgage
Previous Owner $7,496,000 Purchase Money Mortgage
Previous Owner $500,000 Credit Line Revolving
Previous Owner $800,000 Unknown
Previous Owner $5,500,000 Construction
Previous Owner $300,000 Credit Line Revolving
Previous Owner $90,000 Unknown
Previous Owner $900,000 No Value Available
Previous Owner $945,000 No Value Available
Previous Owner $750,000 No Value Available
Previous Owner $1,289,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Sold $12,000,000 -7.0% $1,803 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
09/09/2024 09/09/24 For Sale $12,900,000 +9.8% $1,938 / Sq Ft
11/01/2017 11/01/17 Sold $11,750,000 -6.0% $1,975 / Sq Ft
08/13/2017 08/13/17 For Sale $12,499,000 +62.4% $2,101 / Sq Ft
03/25/2015 03/25/15 Sold $7,695,000 0.0% $1,693 / Sq Ft
02/08/2015 02/08/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $7,695,000 -- $1,693 / 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 $158,228 $12,000,000 $9,500,000 $2,500,000
2024 $158,228 $13,107,346 $9,119,367 $3,987,979
2023 $155,110 $12,850,340 $8,940,556 $3,909,784
2022 $147,838 $12,598,373 $8,765,251 $3,833,122
2021 $146,102 $12,351,347 $8,593,384 $3,757,963
2019 $141,610 $11,985,000 $8,338,500 $3,646,500
2018 $141,248 $11,750,000 $8,175,000 $3,575,000
2016 $93,630 $7,812,348 $5,198,080 $2,614,268
2015 $71,980 $5,995,059 $4,684,259 $1,310,800
2014 $20,580 $1,659,435 $994,310 $665,125
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-269694

The MLS

APN: 4355-015-051