$975,000
SOLD MAR 29, 2016

1545 Michael Ln Pacific Palisades, CA 90272

3 Beds
3 Baths
1,852 Sq Ft
7.65 Acres

Recently Sold

$526 Per Sq Ft

1% Below List Price

24 Days on Market

Highlights

  • Fitness Center
  • 333,400 Sq Ft lot
  • Sauna
  • In Ground Pool
  • Mountain View
  • 3-minute walk to Santa Ynez Canyon Park

About This Home

As of July 2019

Breathtaking views and resort-like living await at the prestigious Michael Lane Villas! This well maintained townhouse offers unobstructed mountain, canyon & green belt views-and with a few cosmetic updates, this already lovely property could be your next dream home! The open, multi level floor plan features a spacious living room with high ceilings that opens to a patio that's ideal for entertaining. Formal dining room includes a wet bar, and large eat-in kitchen has lots of cabinets. Master bedroom offers soaring ceilings, a huge walk in closet, over sized bathroom, and a tranquil balcony that offers even more stupendous views. Private, direct entry, 2-car garage has a separate laundry area and extra storage. HOA amenities include pool, spa, sauna and gym. Close to walking trails and just minutes to the ocean or the Village. Don't miss this amazing opportunity!

Last Agent to Sell the Property

Maria Montoya

Compass License #01468888 Listed on: 01/27/2016

Compass

Last Buyer's Agent

Randy Troup

Compass License #01259115

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $17,578

Year Built

  • Built in 1977

Parking

  • 2 Covered Spaces

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 1,852 Sq Ft Home
  • Built-In Features
  • Living Room with Fireplace
  • Dining Area
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer

Home Security

Additional Features

  • In Ground Pool
  • 7.65 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 4431-015-065

Community Details

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Additional Features

  • 71 Units
  • Sauna
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$17,578

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Mediterranean
  • Street Number Display: Yes
  • Complex Name: Highland Villas Association
  • Entry Floor: 1
  • Living Area: 1852
  • Planned Urban Dev: 0
  • Probate: No
  • Unit Floor In Building: 1
  • Year Built: 1977
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Mixed, Tile, Vinyl
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage, Laundry Area
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 534.02

Exterior Features

  • Balcony: Yes
  • Tennis Court Y/N: No
  • Pool Description: Association Pool
  • Pool: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car

Utilities

  • Cooling: Air Conditioning
  • Heating: Forced Air
  • Security: Smoke Detector

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Exercise Room, Pool, Sauna, Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 490.00

Lot Info

  • Assessor Parcel Number: 4431-015-065
  • Geocode Override: No
  • Lot Size Area: 333400

Multi Family

  • Number Of Units: 71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2019
Closed on
Jun 18, 2019
Sold by
Mizrahi Abraham and Mizrahi Sirinun
Bought by
Ratcliffe Robert G and Zirbes Mary Jo
Seller's Agent
Lauren Polan
Coldwell Banker Realty
Buyer's Agent
Christina Arechaederra
Keller Williams Los Angeles
List Price
$1,395,000
Sold Price
$1,350,000
Premium/Discount to List
-$45,000
-3.23%
Current Estimated Value
$1,564,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,359
Avg. Annual Appreciation
2.47%
Original Mortgage
$750,000
Outstanding Balance
$665,069
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$899,290

Purchase Details

Listed on
Jan 27, 2016
Closed on
Feb 24, 2016
Sold by
Ungar Lisa and Wells Fargo Bank Na
Bought by
Mizrahi Abraham and Vibulpatanavong Sirinun
Seller's Agent
Maria Montoya
Compass
Buyer's Agent
Randy Troup
Compass
List Price
$989,000
Sold Price
$975,000
Premium/Discount to List
-$14,000
-1.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.36%
Original Mortgage
$731,250
Interest Rate
3.65%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 $1,350,000 Equity Title Company
Grant Deed $975,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 No Value Available
Open $750,000 New Conventional
Previous Owner $731,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2019 07/15/19 Sold $1,350,000 -3.2% $729 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/06/2019 06/06/19 For Sale $1,395,000 +43.1% $753 / Sq Ft
03/29/2016 03/29/16 Sold $975,000 -1.4% $526 / Sq Ft
02/20/2016 02/20/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $989,000 -- $534 / 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
2024 $17,578 $1,447,470 $643,320 $804,150
2023 $17,237 $1,419,089 $630,706 $788,383
2022 $16,433 $1,391,265 $618,340 $772,925
2021 $16,230 $1,363,986 $606,216 $757,770
2019 $12,348 $1,034,676 $743,694 $290,982
2018 $12,275 $1,014,389 $729,112 $285,277
2016 $11,489 $954,335 $649,760 $304,575
2015 $3,414 $276,776 $129,161 $147,615
2014 $3,432 $271,355 $126,631 $144,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-976603

The MLS

APN: 4431-015-065