NOT LISTED FOR SALE

1520 Gates Ave Manhattan Beach, CA 90266

Estimated Value: $5,649,000 - $7,125,136

6 Beds
7 Baths
6,028 Sq Ft
$1,048/Sq Ft Est. Value

Last Sold January 08, 2019

Last sale price $3,675,000 $610 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $37,067/month

48 Days on Market

Highlights

  • In Ground Pool
  • City Lights View
  • No HOA
  • Aurelia Pennekamp Elementary School Rated A
  • Fireplace in Primary Bedroom
  • 3 Car Attached Garage

About This Home

As of January 2019

Magnificent Montecito! Need your space? It’s right here. This palatial estate is not just family sized, it’s celebrity worthy. With 6 bedrooms, 5 baths & 2 half baths, it clocks in at a breathtaking 6,028 s.f. The location gets an A plus for sure - the home sits supreme on a South-facing 50 x 150 upsloping 7,500s.f. lot (read: big and sunny w city & mountain views). Locals know the 1500 block is close to everything, yet this area is magically insulated from the hustle & the bustle so you can enjoy your peace and privacy. Though this home is spacious, it’s miles away from imposing.
The kitchen gets its heat from a 48” commercial range w oven & griddle. A massive center island gives the chef of the house ample room to create & concoct w the help of Stainless Thermadore appliances including side-by-side refrigerator/freezer & two dishwashers.

Large nano doors lead out to the covered patio with built in BBQ and TV. A large pool and spa with waterfall will tempt you on hot days as well as cool nights.
If you think the party stops here, you definitely haven’t seen the lower floor with what can only be referred to as the ultimate entertainment center. Beautiful stone floors lead the way to a cavernous media room with gigantic bar.
There are 2 bedrooms downstairs and 4 on the top floor. The master is pure bliss with regal vaulted ceilings, exposed beams, a pass-through fireplace—even a comfortable sitting room and spacious master bath that’s all luxury.

Last Agent to Sell the Property

Bryn Stroyke

Bayside License #00855690 Listed on: 10/12/2018

Last Buyer's Agent

Bryn Stroyke

Bayside License #00855690 Listed on: 10/12/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,052

Year Built

  • Built in 2008

Lot Details

  • 7,510 Sq Ft Lot
  • Property is zoned MNRS

Parking

  • 3 Car Attached Garage

Property Views

  • City Lights
  • Mountain

Interior Spaces

  • 6,028 Sq Ft Home
  • 3-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • 7 Full Bathrooms

Pool

  • In Ground Pool
  • Waterfall Pool Feature

Schools

  • Mira Costa High School

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 09
  • Tax Tract Number 6174
  • Assessor Parcel Number 4163019009

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,052

Year Built

Built in 2008

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: MNRS
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4163019009
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6028.00 Square Feet
  • Stories: 3
  • Common Walls: No Common Walls
  • Full Bathrooms: 7
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1100.00
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Master Retreat
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 609.65
  • Room Type: Master Bedroom

Exterior Features

  • View: City Lights, Mountain(s)
  • Pool Features: Private, In Ground, Waterfall
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • High School: Mira Costa
  • High School2: MIRCOS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7510.00
  • Lot Size Acres: 0.1724

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7510.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6208.00
  • Tax Lot: 09
  • Tax Tract Number: 6174

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2018
Closed on
Jan 28, 2019
Sold by
Beregovsky Alex and Chou Ivane
Bought by
Beregovsky Alex and Chou Ivane
Seller's Agent
Bryn Stroyke
Bayside
Buyer's Agent
Bryn Stroyke
Bayside
List Price
$3,795,000
Sold Price
$3,675,000
Premium/Discount to List
-$120,000
-3.16%
Current Estimated Value
$6,317,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,642,034
Avg. Annual Appreciation
8.29%
Original Mortgage
$2,756,250
Outstanding Balance
$2,332,172
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,984,862

Purchase Details

Listed on
Oct 12, 2018
Closed on
Dec 3, 2018
Sold by
Goel Sumeet and Pollack Kimberly L
Bought by
Begegovsky Alex and Chou Ivane
Seller's Agent
Bryn Stroyke
Bayside
Buyer's Agent
Bryn Stroyke
Bayside
List Price
$3,795,000
Sold Price
$3,675,000
Premium/Discount to List
-$120,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,756,250
Outstanding Balance
$2,332,172
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,984,862

Purchase Details

Closed on
Apr 23, 2013
Sold by
Goel Sumeet
Bought by
Goel Sumeet and Pollack Kimberly

Purchase Details

Closed on
May 15, 2009
Sold by
Mccolgan Shane
Bought by
Goel Sumeet and Pollack Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,968,750
Interest Rate
4.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2006
Sold by
Mcconnell Jeffrey B
Bought by
Mccolgan Shane and Mccolgan Kelly Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2000
Sold by
Mcconnell Jeffrey B
Bought by
Mcconnell Jeffrey B and Mcconnell Mae I

Purchase Details

Closed on
Jul 1, 1998
Sold by
Mcconnell Jeffrey B
Bought by
Mcconnell Jeffrey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7%
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
Beregovsky Alex -- Wfg National Title Company
Begegovsky Alex $3,675,000 Wfg National Title Company
Goel Sumeet -- None Available
Goel Sumeet $2,625,000 Lawyers Title Company
Mccolgan Shane $1,345,000 Lawyers Title
Mcconnell Jeffrey B -- --
Mcconnell Jeffrey B -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Begegovsky Alex $2,756,250
Previous Owner Goel Sumeet $1,968,750
Previous Owner Mccolgan Shane $999,000
Previous Owner Mcconnell Jeffrey B $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2019 01/08/19 Sold $3,675,000 -3.2% $610 / Sq Ft
10/12/2018 10/12/18 For Sale $3,795,000 -- $630 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $46,052 $4,099,527 $2,872,459 $1,227,068
2024 $46,052 $4,019,145 $2,816,137 $1,203,008
2023 $44,717 $3,940,339 $2,760,919 $1,179,420
2022 $43,940 $3,863,079 $2,706,784 $1,156,295
2021 $43,182 $3,787,333 $2,653,710 $1,133,623
2020 $42,703 $3,748,500 $2,626,500 $1,122,000
2019 $34,738 $3,030,317 $1,096,685 $1,933,632
2018 $33,967 $2,970,900 $1,075,182 $1,895,718
2016 $31,661 $2,855,538 $1,033,432 $1,822,106
2015 $31,004 $2,812,646 $1,017,909 $1,794,737
2014 $27,352 $2,463,800 $1,715,700 $748,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18248577

California Regional Multiple Listing Service (CRMLS)

APN: 4163-019-009