NOT LISTED FOR SALE

1548 Michael Ln Pacific Palisades, CA 90272

Estimated Value: $1,467,000 - $1,621,764

3 Beds
3.5 Baths
2,435 Sq Ft
$628/Sq Ft Est. Value

Last Sold May 21, 2024

Last sale price $1,617,000 $664 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $9,803/month

14 Days on Market

Highlights

  • Fitness Center
  • 9.19 Acre Lot
  • Contemporary Architecture
  • In Ground Pool
  • Mountain View
  • 5-minute walk to Santa Ynez Canyon Park

About This Home

As of May 2024

Don't miss this wonderful opportunity for the most desirable 400p plan, which includes over 2,400 sq ft of living space on 3 levels. Offering 3 bedrooms (all on the upper level) and 3.5 bathrooms, plus a full first-level space with complete flexibility in use (family room, office, playroom, etc). The main/middle level enjoys direct entry from the private 2-car garage into the beautiful kitchen, which features plenty of cabinetry, stainless appliances, granite counters and marble flooring. A spacious dining room, open living room with fireplace and balcony and powder room complete this level. Rich cherry wood floors, updated baths, high ceilings and serene mountain outlooks. The community features include a soon-to-be-completed pool area, plus guest parking, fitness room and sauna. See DOCS for Offer Guidelines. No offers before Fri, April 26th.

Last Agent to Sell the Property

Michael Edlen

Coldwell Banker Realty License #00902158 Listed on: 04/19/2024

Coldwell Banker Realty

Last Buyer's Agent

Afrouz Nosratian

Coldwell Banker Realty License #01370450

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,992

Year Built

  • Built in 1979

Lot Details

  • 9

HOA Fees

  • $655 Monthly HOA Fees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,435 Sq Ft Home
  • 3-Story Property
  • Bar
  • Gas Fireplace
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Mountain Views

Kitchen

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

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Guest Parking

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4431-015-105

Community Details

Overview

  • 110 Units

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,992

Year Built

Built in 1979

Lot Details

0

HOA Fees

$655 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Contemporary Mediterranean
  • Levels: Three Or More
  • Street Number Display: Yes
  • Complex Name: Michael Lane Villas
  • Entry Floor: 1
  • Living Area: 2435
  • Lot Acreage: 9.1894
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 3
  • Unit Floor In Building: 1
  • Year Built: 1979
  • Number Of Photos: 39
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas, Living Room, Primary Bedroom
  • Flooring: Wood, Tile, Mixed, Marble
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Garage
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Washer, Range/Oven, Refrigerator, Microwave
  • Price Per S Q F T: 655.03

Exterior Features

  • Pool Description: Community
  • Pool: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Direct Entrance, Door Opener, Parking for Guests
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Assoc Pet Rules, Exercise Room, Pool
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 654.50
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4431-015-105

Multi Family

  • Number Of Units: 110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
May 14, 2024
Sold by
Cho Won Y and Cho Meera P
Bought by
Adelzadeh Family 2002 Revocable Trust and Adelzadeh
Seller's Agent
Michael Edlen
Coldwell Banker Realty
Buyer's Agent
Afrouz Nosratian
Coldwell Banker Realty
List Price
$1,595,000
Sold Price
$1,617,000
Premium/Discount to List
$22,000
1.38%
Views
41
Current Estimated Value
$1,533,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$83,079
Avg. Annual Appreciation
-4.45%

Purchase Details

Closed on
Aug 24, 2000
Sold by
Cho Won Yong and Cho Meera P
Bought by
Cho Won Y and Cho Meera P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
7.98%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 7, 2000
Sold by
Cho Won Y and Cho Meera P
Bought by
Cho Won Yong and Cho Meera P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
7.98%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 24, 1999
Sold by
Newman Barrow Alison E and Barrow Ivan L
Bought by
Cho Won Y and Cho Meera P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
6.86%

Purchase Details

Closed on
Feb 21, 1996
Sold by
Newman Brown Alison E and Newman Alison E
Bought by
Barrow Ivan L and Newman Barrow Alison E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.98%
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
Adelzadeh Family 2002 Revocable Trust $1,617,000 Usa National Title Company
Cho Won Y -- Fidelity National Title Co
Cho Won Yong -- --
Cho Won Y $470,000 Equity Title Company
Barrow Ivan L -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adelzadeh Family 2002 Revocabl $500,000
Previous Owner Cho Won Y $660,000
Previous Owner Cho Won Yong $150,000
Previous Owner Cho Won Y $649,999
Previous Owner Cho Won Y $100,000
Previous Owner Cho Won Y $200,000
Previous Owner Cho Won Y $488,000
Previous Owner Cho Won Y $121,000
Previous Owner Cho Won Y $376,000
Previous Owner Barrow Ivan L $352,000
Closed Cho Won Y $70,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2024 05/21/24 Sold $1,617,000 +1.4% $664 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/19/2024 04/19/24 For Sale $1,595,000 -- $655 / 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 $8,992 $1,649,340 $1,129,140 $520,200
2024 $8,992 $722,356 $376,704 $345,652
2023 $8,824 $708,193 $369,318 $338,875
2022 $8,420 $694,308 $362,077 $332,231
2021 $8,306 $680,695 $354,978 $325,717
2019 $8,059 $660,507 $344,450 $316,057
2018 $8,000 $647,557 $337,697 $309,860
2016 $7,636 $622,414 $324,585 $297,829
2015 $7,526 $613,066 $319,710 $293,356
2014 $7,555 $601,058 $313,448 $287,610
Source: Public Records

Agents Affiliated with this Home

  • Michael Edlen

    Seller's Agent in 2024

    Michael Edlen

    Coldwell Banker Realty

    (310) 600-7422

    86 in this area

    119 Total Sales

    Section Image
  • Afrouz Nosratian

    Buyer's Agent in 2024

    Afrouz Nosratian

    Coldwell Banker Realty

    (310) 500-9343

    12 in this area

    20 Total Sales

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Map

Source: The MLS

MLS Number: 24-382145

The MLS

APN: 4431-015-105

California Los Angeles County Pacific Palisades 90272

1548 Michael Ln, Pacific Palisades, CA

This home is located at 1548 Michael Ln, Pacific Palisades, CA 90272 since 19 April 2024 and is currently estimated at $1,528,921, approximately $627 per square foot. This property was built in 1979. 1548 Michael Ln 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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