Landlord's Agent in 2024
Eric Knight
Pinnacle Estate Properties
(310) 230-3700
10 in this area
11 Total Sales
1524 Michael Ln Pacific Palisades, CA 90272
3
Beds
3.5
Baths
2,435
Sq Ft
$697
Price per Sq Ft
Highlights
- Fitness Center
- Heated In Ground Pool
- Mountain View
- 24-Hour Security
- 400,490 Sq Ft lot
- 3-minute walk to Santa Ynez Canyon Park
About This Home
As of October 2024Michael Lane Villa town home done to the 9's! This immaculate property is designer perfect! Highly desirable floor plan with versatile living spaces. Flooring is a combination of wide-plank engineered French oak and custom Italian porcelain. Kitchen has all Viking appliances, KWC faucets and Brazilian quartzite countertops. 3 bedrooms are on the top level with a Great Room and full bath on the lower level. Other custom features include LED lighting throughout, Hunter Douglas shades/blinds with wireless remotes, CAT 5 network wiring, solid Douglas Fir COBB doors, split face marble fireplace in living room, ELFA modular system in walk-in closet in master. Resort style living with all ammenities; pool, spa, gym, saunas.. all nestled amongst beautiful landscaping & gardens. Hiking and biking trails, the Palisades Village, close to the beach, Santa Monica, Malibu. Enjoy your very own patio and balcony with mountain views. A pristine property in a Prime neighborhood.
Last Agent to Rent the Property
Pinnacle Estate Properties License #00977963 Listed on: 09/15/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $20,224
Year Built
- Built in 1979 | Remodeled
Lot Details
- 9.19 Acre Lot
- West Facing Home
Parking
- 2 Car Garage
- Driveway
- Guest Parking
- On-Street Parking
Home Design
- Contemporary Architecture
- Split Level Home
- Spanish Tile Roof
- Stucco
Interior Spaces
- 2,435 Sq Ft Home
- 3-Story Property
- Built-In Features
- Ceiling Fan
- Gas Fireplace
- Blinds
- Great Room
- Living Room with Fireplace
- 2 Fireplaces
- Dining Room
- Mountain Views
- Alarm System
Kitchen
- Breakfast Area or Nook
- Oven or Range
- <<microwave>>
- Dishwasher
- Quartz Countertops
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Walk-In Closet
- Powder Room
- <<tubWithShowerToken>>
Laundry
- Laundry in Garage
- Dryer
- Washer
Pool
- Heated In Ground Pool
- Spa
Outdoor Features
- Balcony
- Covered patio or porch
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Gas Water Heater
- Sewer in Street
- Satellite Dish
- Cable TV Available
Listing and Financial Details
- Security Deposit $16,000
- Tenant pays for cable TV, electricity, gas, insurance
- Rent includes water, trash collection, association dues
- 12 Month Lease Term
- Assessor Parcel Number 4431-015-089
Community Details
Overview
- Association fees include earthquake insurance
- 110 Units
Recreation
- Fitness Center
- Community Pool
- Community Spa
Additional Features
- Sauna
- 24-Hour Security
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 24, 2017
Sold by
Shakarian Peter and Najarian Suzanne
Bought by
Tilden Peter M and Tilden Thomasine E Lewis
Current Estimated Value
Purchase Details
Closed on
Jul 5, 2013
Sold by
Reed Audrey and The Larry Reed & Audrey Reed T
Bought by
Shakarian Peter and Najarian Suzanne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Nov 28, 2011
Sold by
Reed Audrey and Larry & Audrey Reed Trust
Bought by
Reed Audrey and Larry Reed Exemption Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tilden Peter M | $1,486,000 | California Title Company | |
| Shakarian Peter | $880,000 | Equity Title | |
| Reed Audrey | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Shakarian Peter | $320,000 | |
| Previous Owner | Shakarian Peter | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2024 10/01/24 | Rented | $8,000 | 0.0% | -- |
| 09/15/2024 09/15/24 | For Rent | $8,000 | +14.3% | -- |
| 09/14/2016 09/14/16 | Rented | $7,000 | -9.0% | -- |
| 08/26/2016 08/26/16 | Price Changed | $7,695 | +5.4% | $3 / Sq Ft |
| 08/19/2016 08/19/16 | For Rent | $7,300 | -- | -- |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $20,224 | $1,657,211 | $1,217,476 | $439,735 |
| 2023 | $19,833 | $1,624,717 | $1,193,604 | $431,113 |
| 2022 | $18,909 | $1,592,860 | $1,170,200 | $422,660 |
| 2021 | $18,675 | $1,561,628 | $1,147,255 | $414,373 |
| 2019 | $18,114 | $1,515,312 | $1,113,228 | $402,084 |
| 2018 | $18,039 | $1,485,600 | $1,091,400 | $394,200 |
| 2017 | $11,277 | $929,494 | $528,122 | $401,372 |
| 2016 | $11,012 | $911,269 | $517,767 | $393,502 |
| 2015 | $10,850 | $897,582 | $509,990 | $387,592 |
| 2014 | $10,971 | $880,000 | $500,000 | $380,000 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Knight
-
Francesca Chase
Tenant's Agent in 2024
Francesca Chase
Keller Williams Los Angeles
(310) 359-5927
2 in this area
3 Total Sales
-
A
Seller's Agent in 2016
April McKenna
Berkshire Hathaway HomeServices California Properties
Map
Source: The MLS
MLS Number: 24-440431
APN: 4431-015-089
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