NOT LISTED FOR SALE

16040 W Sunset Blvd Unit 304 Pacific Palisades, CA 90272

Estimated Value: $819,000 - $1,230,000

2 Beds
3 Baths
1,438 Sq Ft
0.39 Acres

Last Sold November 14, 2012

Last sale price $560,000 $389 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $6,138/month

171 Days on Market

Highlights

  • Ocean View
  • Gated Parking
  • Spanish Architecture
  • 24-Hour Security
  • Wood Flooring
  • Loft

About This Home

As of November 2012

Light and bright loft style penthouse. Tons of skylights with high ceilings. Located in a charming courtyard building. Cook's kitchen with Granite counter tops and new appliances. Wood floors. Roof top deck with ocean views. Large master and second bedroom plus a loft. Walk to the village and beach. Buyer couldn't wait for short sale approval. Back on the market.

Last Agent to Sell the Property

Michelle Bolotin

Compass License #01397141 Listed on: 03/12/2012

Compass

Last Buyer's Agent

JoAnn G. Schoemann

Douglas Elliman of California, Inc. License #01813362

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,277

Year Built

  • Built in 1988

Lot Details

  • 0.39

Property Views

  • Ocean
  • Trees
  • Canyon
  • Mountain
  • Park or Greenbelt

Home Design

  • Spanish Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 1,438 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Loft
  • Wood Flooring
  • Laundry Room

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Car Garage
  • Tandem Parking
  • Gated Parking

Utilities

  • Central Heating and Cooling System
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4413-001-040

Community Details

Overview

  • 12 Units
  • Low-Rise Condominium

Amenities

  • Sundeck
  • Elevator

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,277

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Spanish
  • Street Number Display: Yes
  • Complex Name: Sunset Wildomar
  • Entry Floor: 3
  • Living Area: 1438
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1988
  • State Abbrv: CA
  • Special Features: 12

Interior Features

  • Fireplace Rooms: Gas, Living Room
  • Flooring: Hardwood, Mixed
  • Bedrooms: 2
  • Fireplaces: 1
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Cable, Dishwasher, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Satellite
  • Fireplace: Yes
  • Price Per S Q F T: 389.43

Exterior Features

  • Balcony: 3
  • Tennis Court Y/N: No
  • Exposure: North
  • Pool: No
  • View: Canyon, Green Belt, Mountains, Ocean, Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage, Gated, Tandem
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Earth Quake Ins: 1
  • Heating: Central

Association/Amenities

  • Amenities: Elevator, Security, Sun Deck
  • Pet Rules: Yes, Size Limit

Condo/Co-op/Association

  • HOA Fees: 480.00
  • Unit Location: Top Fac. N

Lot Info

  • Assessor Parcel Number: 4413-001-040

Multi Family

  • Number Of Units: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2012
Closed on
Nov 2, 2012
Sold by
Aloi Jennifer T
Bought by
Talebian Sohrab
Seller's Agent
Michelle Bolotin
Compass
Buyer's Agent
JoAnn G. Schoemann
Douglas Elliman of California, Inc.
List Price
$599,000
Sold Price
$560,000
Premium/Discount to List
-$39,000
-6.51%
Current Estimated Value
$1,040,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$480,898
Avg. Annual Appreciation
4.90%

Purchase Details

Closed on
May 12, 2006
Sold by
Prudential Relocation Inc
Bought by
Pitts Todd R and Aloi Jennifer T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,850
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2005
Sold by
Castaneda Luis and Castaneda Laura Werber
Bought by
Weis Jody P and Weis Janice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2003
Sold by
Mortimer Todd John and Mortimer Monique Vendetti
Bought by
Castaneda Luis and Castaneda Laura Werber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,500
Interest Rate
5.84%

Purchase Details

Closed on
Aug 9, 2002
Sold by
Mortimer Todd John
Bought by
Mortimer Todd John and Mortimer Monique Vendetti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
5.12%

Purchase Details

Closed on
Dec 6, 2001
Sold by
Mortimer Todd J
Bought by
Mortimer Todd John and Mortimer Monique Vendetti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.37%

Purchase Details

Closed on
Nov 2, 2001
Sold by
Vendetti Monique
Bought by
Mortimer Todd J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.37%

Purchase Details

Closed on
Oct 23, 2000
Sold by
J Zirbes Trust Zirbes William L And Joan L Tr and Zirbes Mary J
Bought by
Mortimer Todd J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
7.75%
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
Talebian Sohrab $560,000 California Title Company
Pitts Todd R $779,000 California Title Company
Prudential Relocation Inc $897,500 California Title Company
Weis Jody P $825,000 Chicago Title Co
Castaneda Luis $565,000 First Southwestern Title Co
Mortimer Todd John -- First Southwestern Title Co
Mortimer Todd John -- First Southwestern Title Co
Mortimer Todd John -- --
Mortimer Todd J -- Fidelity National Title Co
Mortimer Todd J $380,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pitts Todd R $77,850
Previous Owner Weis Jody P $450,000
Previous Owner Castaneda Luis $448,500
Previous Owner Mortimer Todd John $335,000
Previous Owner Mortimer Todd J $332,000
Previous Owner Mortimer Todd J $304,000
Closed Mortimer Todd J $38,000
Closed Mortimer Todd J $25,000
Closed Castaneda Luis $59,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2012 11/14/12 Sold $560,000 0.0% $389 / Sq Ft
08/21/2012 08/21/12 Price Changed $560,000 -6.5% $389 / Sq Ft
08/10/2012 08/10/12 For Sale $599,000 +7.0% $417 / Sq Ft
07/31/2012 07/31/12 Off Market $560,000 -- --
03/19/2012 03/19/12 Price Changed $599,000 -11.9% $417 / Sq Ft
03/12/2012 03/12/12 For Sale $680,000 -- $473 / 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 $8,277 $653,365 $293,246 $360,119
2024 $8,277 $676,064 $319,440 $356,624
2023 $8,120 $662,809 $313,177 $349,632
2022 $7,743 $649,814 $307,037 $342,777
2021 $7,642 $637,073 $301,017 $336,056
2019 $7,413 $618,180 $292,090 $326,090
2018 $7,390 $606,060 $286,363 $319,697
2016 $7,062 $582,529 $275,245 $307,284
2015 $6,959 $573,780 $271,111 $302,669
2014 $6,986 $562,542 $265,801 $296,741
Source: Public Records

Agents Affiliated with this Home

  • Michelle Bolotin

    Seller's Agent in 2012

    Michelle Bolotin

    Compass

    (310) 463-7278

    34 in this area

    59 Total Sales

    Michelle Bolotin
    Section Image

  • J

    Buyer's Agent in 2012

    JoAnn G. Schoemann

    Douglas Elliman of California, Inc.

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Map

Source: The MLS

MLS Number: 12-587469

The MLS

APN: 4413-001-040

California Los Angeles County Pacific Palisades 90272

16040 W Sunset Blvd Unit 304, Pacific Palisades, CA

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