NOT LISTED FOR SALE

1573 Michael Ln Pacific Palisades, CA 90272

Estimated Value: $1,076,000 - $1,796,632

2 Beds
2.5 Baths
1,852 Sq Ft
$820/Sq Ft Est. Value

Sale Details

Date Sold: May 3, 2022

Last sale price $1,810,000 $977 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $10,496 / mo

2 Days on Market

Highlights

  • Fitness Center
  • Primary Bedroom Suite
  • 7.65 Acre Lot
  • In Ground Pool
  • Panoramic View
  • 4-minute walk to Santa Ynez Canyon Park

About This Home

As of May 2022

Attention All Pacific Palisades Buyers & Agents. Wait Till You See This One Of A Kind Super Sharp Showplace With Incredible Mountain Views In An Amazing Location. Updated & Upgraded Throughout. Sophisticated & Private End Unit With Only One Common Wall In The Highly Sought After Michael Villa Lane Wonderfully Situated In The Prestigious Highland Villas Neighborhood. This Tastefully Remodeled Townhome Looks & Feels Like Your Own Private Home With A Fantastic Patio Perfect For Entertaining & Majestic Mountain Views. Fall In Love Forever Here. Fabulous Move In Condition. Outstanding Open Floor Plan With Fireplace, Soaring Ceilings, Tons Of Light & Beautiful Floors. Gorgeous Chef’s Center Island Kitchen With Stainless Steel Appliances & Lots Of Storage. Elegant Dining. Marvelous Main Bedroom Suite With High Vaulted Ceilings, Luxurious Bath & Your Own Private Balcony With Breathtaking Views! Terrific Room Sizes. Your Own Private Spacious 2 Car Attached Garage. Amazing Location. Close To Everything. Mere Minutes To The Beach. Resort Like Amenities Include Sparkling Pool, Inviting Spa & Gym. Must See. If You Are Only Seeing One End Unit Townhome With Astounding View In Highland Villas In The Price Range, Make Sure This Is It. Do Not Miss. Pacific Palisades Living At Its Best.

Last Agent to Sell the Property

Mike Glickman

Represented By License #00687722 Listed on: 04/01/2022

Co-Listed By

David Weisman

Represented By License #00963129

Last Buyer's Agent

Michelle Bolotin

Compass License #01397141

Compass

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1977

Lot Details

  • End Unit
  • 1 Common Wall

HOA Fees

  • $775 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • Panoramic
  • Mountain

Interior Spaces

  • 1,852 Sq Ft Home
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite

Pool

  • In Ground Pool
  • In Ground Spa

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 31074
  • Assessor Parcel Number 4431015051
  • $282 per year additional tax assessments

Community Details

Overview

  • 71 Units
  • Highland Villas HOA, Phone Number (818) 907-6622
  • Highlands Villas HOA

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Townhouse Details

Home Type

Townhome

Year Built

Built in 1977

Lot Details

7.65 Acres

HOA Fees

$775 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: LARD3
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 4431015051
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1852.00 Square Feet
  • Interior Amenities: Living Room Deck Attached
  • Common Walls: 1 Common Wall, End Unit
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 977.32
  • Room Type: Living Room, Master Suite
  • Spa Features: Association, In Ground

Exterior Features

  • View: Mountain(s), Panoramic
  • Pool Features: Association, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Gym/Ex Room
  • Association Fee: 775.00
  • Association Fee Frequency: Monthly
  • Association Name: Highland Villas HOA
  • Phone: 818-907-6622
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs
  • Association Management: Highlands Villas HOA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 333295.00
  • Lot Size Acres: 7.6514

Multi Family

  • Lease Considered: No
  • Lot Size Area: 333295.0000 Square Feet
  • Number Of Units In Community: 71
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2626.01
  • Tax Lot: 2
  • Tax Tract Number: 31074
  • TaxOtherAnnualAssessmentAmount: 282.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Apr 19, 2022
Sold by
Garcia and Cristina
Bought by
Anthony Tyler Mellos Trust
Seller's Agent
Mike Glickman
Represented By
Buyer's Agent
Michelle Bolotin
Compass
List Price
$1,688,000
Sold Price
$1,810,000
Premium/Discount to List
$122,000
7.23%
Current Estimated Value
$1,463,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$346,123
Avg. Annual Appreciation
-4.28%

Purchase Details

Listed on
Mar 29, 2018
Closed on
Apr 11, 2018
Sold by
London Carolyn and The Wow Trust
Bought by
Garcia Anthony and Garcia Cristina
Seller's Agent
James Respondek
Rodeo Realty - Pacific Palisades
Buyer's Agent
Maile Bryant
Compass
List Price
$1,499,000
Sold Price
$1,475,000
Premium/Discount to List
-$24,000
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.28%
Original Mortgage
$1,180,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 4, 2017
Sold by
Koch Robert M and Frazier Koch Marilee
Bought by
London Carolyn and The Wow Trust

Purchase Details

Closed on
Feb 10, 2006
Sold by
Beardsell Wallace A and The Wallace A Beardsell 1991 T
Bought by
Koch Robert M and Frazier Koch Marilee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Anthony Tyler Mellos Trust $1,810,000 Lawyers Title
Garcia Anthony $1,475,000 Lawyers Title
London Carolyn $1,355,000 Usa National Title
Koch Robert M $900,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Anthony $1,180,000
Previous Owner Koch Robert M $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2022 05/03/22 Sold $1,810,000 +7.2% $977 / Sq Ft
04/03/2022 04/03/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $1,688,000 +14.4% $911 / Sq Ft
05/11/2018 05/11/18 Sold $1,475,000 -1.6% $796 / Sq Ft View Prior Sale
03/29/2018 03/29/18 For Sale $1,499,000 -- $809 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,889 $1,849,526 $520,522 $1,329,004
2024 $22,889 $1,883,124 $567,018 $1,316,106
2023 $22,444 $1,846,200 $555,900 $1,290,300
2022 $18,732 $1,581,496 $632,598 $948,898
2021 $18,504 $1,550,488 $620,195 $930,293
2019 $17,947 $1,504,500 $601,800 $902,700
2018 $16,756 $1,382,100 $872,100 $510,000
2016 $12,105 $1,006,000 $699,000 $307,000
2015 $11,045 $917,000 $637,000 $280,000
2014 $9,338 $756,000 $525,000 $231,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22064919

California Regional Multiple Listing Service (CRMLS)

APN: 4431-015-051

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