NOT LISTED FOR SALE

1576 Michael Ln Pacific Palisades, CA 90272

Estimated Value: $1,280,000 - $1,536,856

3 Beds
3 Baths
2,081 Sq Ft
$684/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $1,250,000 $601 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $9,676/month

28 Days on Market

Highlights

  • Fitness Center
  • 400,490 Sq Ft lot
  • Living Room with Fireplace
  • In Ground Pool
  • View of Hills
  • 5-minute walk to Santa Ynez Canyon Park

About This Home

As of August 2019

This chic & stylish townhome at the serene Lane Villas is the perfect urban retreat, tucked away from the hustle and bustle of the city. Enjoy the serene hillside location from this spacious 3 bedroom + 3 bathroom home with generously-sized rooms, direct access 2 car garage, formal entry, wet bar, cozy fireplace, & bright living room that opens to lush private patio. 2nd floor features 2 well-proportioned bedrooms, and a large master suite with vaulted ceilings, balcony, and gorgeous mountain views.

Last Agent to Sell the Property

Allie Riley

Coldwell Banker Realty License #01398467 Listed on: 07/05/2019

Coldwell Banker Realty

Co-Listed By

Michael Collins

Coldwell Banker Realty License #00963037

Last Buyer's Agent

Natasha Lederman

Charles Lederman & Associates License #01849111

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $16,397

Year Built

  • Built in 1979

Lot Details

  • 9.19

HOA Fees

  • $550 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,081 Sq Ft Home
  • Living Room with Fireplace
  • Dining Room
  • Views of Hills
  • Laundry in unit

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Covered Patio or Porch

Additional Features

  • 9.19 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4431-015-159

Community Details

Overview

  • 110 Units

Amenities

  • Sauna

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$16,397

Year Built

Built in 1979

Lot Details

0

HOA Fees

$550 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Spanish
  • Street Number Display: Yes
  • Complex Name: Michael Lane Villas
  • Entry Floor: 1
  • Living Area: 2081
  • Planned Urban Dev: 0
  • Unit Floor In Building: 1
  • Year Built: 1979
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 612.69

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Association Pool, Community
  • Pool: Yes
  • View: Hills
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Garage Is Attached
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Association/Amenities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 550.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4431-015-159
  • Geocode Override: No
  • Lot Size Area: 400490

Multi Family

  • Number Of Units: 110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
David Cadis
Bought by
Cadis David and Lederman Sky
Current Estimated Value
$1,424,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Outstanding Balance
$1,109,330
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$397,289

Purchase Details

Closed on
Feb 7, 2022
Sold by
Lederman-Cadis Sky
Bought by
Cadis David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Outstanding Balance
$1,109,330
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$397,289

Purchase Details

Listed on
Jul 5, 2019
Closed on
Jul 30, 2019
Sold by
Gallo Joie M
Bought by
Cadis David
Seller's Agent
Allie Riley
Coldwell Banker Realty
Buyer's Agent
Natasha Lederman
Charles Lederman & Associates
List Price
$1,275,000
Sold Price
$1,250,000
Premium/Discount to List
-$25,000
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.17%
Original Mortgage
$1,125,000
Interest Rate
6.38%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 20, 2018
Sold by
Feathers Patricia C and The Patricia C Feathers Revoca
Bought by
Gallo Josel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2016
Sold by
Feathers Patricia C
Bought by
Feathers Patricia C and Patricia C Feathers Revocable

Purchase Details

Listed on
Dec 2, 2014
Closed on
Dec 17, 2014
Sold by
Needle Stephen E and Needle Marilee P
Bought by
Feathers Patricia C
Seller's Agent
Sandra Eliot
First Team Real Estate
Buyer's Agent
Paul Pekar
Compass
List Price
$925,000
Sold Price
$885,000
Premium/Discount to List
-$40,000
-4.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.13%

Purchase Details

Closed on
Apr 11, 2013
Sold by
Needle Stephen E and Needle Marilee P
Bought by
Needle Stephen E and Needle Marilee P

Purchase Details

Closed on
Oct 5, 2007
Sold by
Needle Stephen E
Bought by
Needle Stephen E and 2007 Stephen

Purchase Details

Closed on
Dec 3, 2002
Sold by
Needle Marilee Patrice
Bought by
Needle Stephen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.06%

Purchase Details

Closed on
Dec 2, 2002
Sold by
Braverman Malvin and Braverman Sigrun H
Bought by
Needle Stephen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.06%

Purchase Details

Closed on
May 12, 1997
Sold by
Reinhart George R and Reinhart Doris B
Bought by
Braverman Malvin and Braverman Sigrun H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cadis David -- Pacific Coast Title
Cadis David -- Pacific Coast Title
Cadis David -- Pacific Coast Title
Cadis David $1,250,000 Equity Title Los Angeles
Gallo Josel M $1,050,000 Usa National Title Company
Feathers Patricia C -- None Available
Feathers Patricia C $885,000 Western Resources Title Co
Needle Stephen E -- None Available
Needle Stephen E -- None Available
Needle Stephen E -- None Available
Needle Stephen E -- Equity Title Company
Needle Stephen E $592,000 Equity Title Company
Braverman Malvin $382,500 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cadis David $1,190,000
Closed Cadis David $1,190,000
Previous Owner Cadis David $1,125,000
Previous Owner Gallo Josel M $750,000
Previous Owner Needle Stephen E $555,000
Previous Owner Needle Stephen E $300,700
Closed Needle Stephen E $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $1,250,000 -2.0% $601 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $1,275,000 +44.1% $613 / Sq Ft
01/06/2015 01/06/15 Sold $885,000 0.0% $425 / Sq Ft
12/24/2014 12/24/14 Off Market $885,000 -- --
12/15/2014 12/15/14 Pending -- -- --
12/02/2014 12/02/14 For Sale $925,000 -- $444 / 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 $16,397 $1,266,293 $870,890 $395,403
2024 $16,397 $1,340,248 $948,682 $391,566
2023 $16,082 $1,313,970 $930,081 $383,889
2022 $15,335 $1,288,207 $911,845 $376,362
2021 $15,144 $1,262,949 $893,966 $368,983
2019 $12,875 $1,071,000 $707,880 $363,120
2018 $11,347 $934,793 $512,287 $422,506
2016 $10,845 $898,496 $492,396 $406,100
2015 $8,723 $713,399 $445,153 $268,246
2014 $8,755 $699,426 $436,434 $262,992
Source: Public Records

Agents Affiliated with this Home

  • Allie Riley

    Seller's Agent in 2019

    Allie Riley

    Coldwell Banker Realty

    (310) 467-4567

    43 Total Sales

    Allie Riley
    Section Image
  • Michael Collins

    Seller Co-Listing Agent in 2019

    Michael Collins

    Coldwell Banker Realty

    (310) 281-3915

    75 Total Sales

    Michael Collins
    Section Image

  • N

    Buyer's Agent in 2019

    Natasha Lederman

    Charles Lederman & Associates

    (310) 795-8267

    64 Total Sales

    Natasha Lederman
    Section Image

  • S

    Seller's Agent in 2015

    Sandra Eliot

    First Team Real Estate

  • Paul Pekar

    Buyer's Agent in 2015

    Paul Pekar

    Compass

    (310) 779-3108

    4 in this area

    6 Total Sales

    Paul Pekar
    Section Image
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Map

Source: The MLS

MLS Number: 19-479352

The MLS

APN: 4431-015-159

California Los Angeles County Pacific Palisades 90272

1576 Michael Ln, Pacific Palisades, CA

This home is located at 1576 Michael Ln, Pacific Palisades, CA 90272 since 05 July 2019 and is currently estimated at $1,424,285, approximately $684 per square foot. This property was built in 1979. 1576 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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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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