NOT LISTED FOR SALE

1602 Silverwood Terrace Los Angeles, CA 90026

Estimated Value: $2,641,000 - $3,276,000

4 Beds
3.5 Baths
2,752 Sq Ft
$1,064/Sq Ft Est. Value

Last Sold July 07, 2021

Last sale price $2,600,000 $945 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $17,438/month

8 Days on Market

Highlights

  • City Lights View
  • Living Room with Fireplace
  • Spanish Architecture
  • John Marshall Senior High Rated A
  • Wood Flooring
  • No HOA

About This Home

As of July 2021

This stunning light and bright character Spanish is sited on a gentle knoll above the street offering panoramic views and privacy. A classic foyer entrance leads to a dramatic living room with a soaring barreled ceiling, large arched picture windows, and fireplace. The dining room features double French doors that open to a lush garden and grassy yard. The kitchen offers a large island with seating and custom built-in appliances including a Liebherr refrigerator and Bertazzoni range. Direct access to the backyard is perfect for entertaining. A guest bath, two light-filled bedrooms, and a full bath complete the first level. The upper level offers a primary bedroom with city and mountain views and a walk-in closet. A luxurious bath offers a dual-sink vanity, a large soaking tub, and a separate shower. The 4th bedroom with an ensuite bath completes this level. From the upper hallway, a large roof-top deck offers panoramic views including DTLA to Century City with the Hollywood sign and Griffith Park Observatory between! A brick path encircles the home with numerous citrus fruit trees, open views, and multiple areas to enjoy the outdoors. Located within a few minutes of great shops and restaurants the reservoir path and meadow, and everything that makes this east side neighborhood a great place to call home!

Last Agent to Sell the Property

Karen Lower

Compass License #01296557 Listed on: 05/28/2021

Compass

Last Buyer's Agent

Ken Shapiro

Silverwood Properties License #01715663

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,051

Year Built

  • Built in 1925

Lot Details

  • 6,152 Sq Ft Lot
  • West Facing Home
  • Gated Home
  • Property is zoned LAR1

Parking

  • 2 Car Detached Garage

Property Views

  • City Lights
  • Hills

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,752 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Center Hall

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5423-017-028

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,051

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 2752
  • Lot Acreage: 0.1412
  • Stories: 2
  • Year Built: 1925
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Gas
  • Flooring: Tile, Hardwood
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Stackable W/D Hookup, Refrigerator, Range/Oven, Built-Ins
  • Price Per S Q F T: 944.40

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Hills, City, City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Detached, Garage
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5423-017-028
  • Lot Size Area: 6152

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2022
Sold by
Cadwell Blake A and Cadwell Amyann
Bought by
Cadwell Family Trust and Cadwell
Current Estimated Value
$2,805,436

Purchase Details

Listed on
Jan 16, 2020
Closed on
Jul 8, 2020
Sold by
Kids Go Global Inc
Bought by
Garcia Matthew B and Garcia Samantha L
Seller's Agent
Nadia Villarreal
Avenue 8, Inc.
Buyer's Agent
Karen Lower
Compass
List Price
$2,175,000
Sold Price
$2,125,000
Premium/Discount to List
-$50,000
-2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$1,680,000
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2019
Sold by
Lohoff Dixie Lee and The Estate Of Laurence Keith L
Bought by
Kids Go Global

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.3%
Mortgage Type
Stand Alone Second
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
Cadwell Family Trust -- Bezner Stephanie F
Garcia Matthew B $2,125,000 Orange Coast Title Company
Kids Go Global $1,100,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Matthew B $1,680,000
Previous Owner Kids Go Global $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2021 07/07/21 Sold $2,600,000 0.0% $945 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $2,599,000 +22.3% $944 / Sq Ft
07/10/2020 07/10/20 Sold $2,125,000 -2.3% $772 / Sq Ft View Prior Sale
06/15/2020 06/15/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $2,175,000 0.0% $790 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $2,175,000 +2.4% $790 / Sq Ft
05/06/2020 05/06/20 Off Market $2,125,000 -- --
04/02/2020 04/02/20 Price Changed $2,175,000 0.0% $790 / Sq Ft
04/02/2020 04/02/20 For Sale $2,175,000 +2.4% $790 / Sq Ft
03/24/2020 03/24/20 Off Market $2,125,000 -- --
03/17/2020 03/17/20 For Sale $2,350,000 0.0% $854 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
03/06/2020 03/06/20 Price Changed $2,350,000 -5.9% $854 / Sq Ft
02/14/2020 02/14/20 For Sale $2,498,000 +17.6% $908 / Sq Ft
02/13/2020 02/13/20 Off Market $2,125,000 -- --
01/16/2020 01/16/20 For Sale $2,498,000 -- $908 / 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 $33,051 $2,759,140 $2,069,355 $689,785
2024 $32,697 $2,705,040 $2,028,780 $676,260
2023 $32,053 $2,652,000 $1,989,000 $663,000
2022 $30,544 $2,600,000 $1,950,000 $650,000
2021 $25,274 $2,125,000 $1,595,000 $530,000
2020 $13,768 $1,122,000 $785,400 $336,600
2019 $1,466 $99,070 $52,282 $46,788
2018 $1,333 $97,128 $51,257 $45,871
2016 $1,239 $93,358 $49,267 $44,091
2015 $1,223 $91,956 $48,527 $43,429
2014 $1,239 $90,156 $47,577 $42,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-739566

The MLS

APN: 5423-017-028