NOT LISTED FOR SALE

16040 W Sunset Blvd Unit 305 Pacific Palisades, CA 90272

Estimated Value: $825,000 - $1,207,000

2 Beds
2.5 Baths
1,390 Sq Ft
0.38 Acres

Last Sold November 10, 2015

Last sale price $780,000 $561 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,294/month

180 Days on Market

Highlights

  • 24-Hour Security
  • Mountain View
  • Wood Flooring
  • Gated Parking
  • Fireplace in Primary Bedroom
  • Modern Architecture

About This Home

As of November 2015

Sensational Contemporary Town Home located in the heart of Pacific Palisades! Owner will need to lease back the property from the buyer for two months. Top floor 2BD, 2.5 BA Penthouse in fabulous building with very little turnover! Natural light abounds in this open 2 story unit w/loft, floor to ceiling windows & recessed lighting. Spacious living room w/Travertine floors & fireplace opens to a balcony sitting area. Upgraded kitchen w/granite counters, stainless appliances & breakfast bar. Private downstairs master w/fireplace, walk-in closet. Large master bath w/Grohe fixtures, step-in rain shower & dual sinks. Grand staircase leads to 2nd bedroom loft (or office) w/tub & shower, custom closet & enormous, private deck for enjoying the ocean air.

Last Agent to Sell the Property

Jesse Weinberg

Jesse Weinberg License #01435805 Listed on: 04/15/2015

Last Buyer's Agent

Brenden Morris-Banfield

Coldwell Banker Realty License #01298558

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,023

Year Built

  • Built in 1988

Lot Details

  • 0.38

Home Design

  • Modern Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 1,390 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Loft
  • Mountain Views
  • Laundry in unit

Kitchen

  • Breakfast Area or Nook
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room

Parking

  • 2 Car Garage
  • Gated Parking

Additional Features

  • Open Patio
  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4413-001-041

Community Details

Overview

  • 20 Units
  • Maintained Community

Amenities

  • Sundeck
  • Elevator
  • Community Storage Space

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,023

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Sunset-Wildomar
  • Entry Floor: 3
  • Living Area: 1390
  • Planned Urban Dev: 1
  • Stories: 2
  • Year Built: 1988
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Hardwood, Tile
  • Bedrooms: 2
  • Fireplaces: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Freezer, Garbage Disposal, Microwave, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 574.82

Exterior Features

  • Balcony: 2
  • Tennis Court Y/N: No
  • Exposure: Nor/We/Eas
  • Pool: No
  • View: Mountains
  • View: Yes

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Gated

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Controlled Access, Elevator, Extra Storage, Sun Deck
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 520.00

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4413-001-041
  • Geocode Override: No
  • Lot Size Area: 16767

Multi Family

  • Number Of Units: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2015
Closed on
Oct 13, 2015
Sold by
Echipue Emilie
Bought by
Drasnin Peter and Prives Jill
Seller's Agent
Jesse Weinberg
Jesse Weinberg
Buyer's Agent
Brenden Morris-Banfield
Coldwell Banker Realty
List Price
$829,000
Sold Price
$780,000
Premium/Discount to List
-$49,000
-5.91%
Current Estimated Value
$1,026,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,963
Avg. Annual Appreciation
2.80%
Original Mortgage
$580,000
Outstanding Balance
$455,251
Interest Rate
3.81%
Mortgage Type
New Conventional
Estimated Equity
$571,712

Purchase Details

Listed on
Aug 7, 2014
Closed on
Sep 5, 2014
Sold by
Lenet Scott Harris and Lenet Natalie Sorotsky
Bought by
Echipue Emilie
Seller's Agent
Jesse Weinberg
Jesse Weinberg
Buyer's Agent
Jesse Weinberg
Jesse Weinberg
List Price
$779,000
Sold Price
$755,000
Premium/Discount to List
-$24,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.87%

Purchase Details

Closed on
Mar 12, 2013
Sold by
Lenet Natalie Sorotsky and Sorotsky Natalie Anne
Bought by
Lenet Scott Harris and Lenet Natalie Sorotsky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2009
Sold by
Ripple Joshua Allan
Bought by
Sorotsky Natalie Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,209
Interest Rate
4.82%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 2006
Sold by
The Mcgonigle Family Partnership
Bought by
Ripple Joshua Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$582,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 6, 2005
Sold by
Mcgonigle John
Bought by
The Mcgonigle Family Partnership Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2004
Sold by
Mcgonigle John F
Bought by
The Mcgonigle Family Partnership
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
Drasnin Peter $780,000 Fidelity Sherman Oaks
Echipue Emilie $755,000 Provident Title Company
Lenet Scott Harris -- Orange Coast Title Company
Sorotsky Natalie Anne $550,500 Lawyers Title Company
Ripple Joshua Allan $727,500 Southland Title
The Mcgonigle Family Partnership Lp -- --
Mcgonigle John -- Fidelity National Title Comp
The Mcgonigle Family Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drasnin Peter $580,000
Previous Owner Lenet Scott Harris $460,000
Previous Owner Sorotsky Natalie Anne $540,209
Previous Owner Ripple Joshua Allan $582,000
Previous Owner Mcgonigle John $618,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2015 11/10/15 Sold $780,000 -2.4% $561 / Sq Ft
10/12/2015 10/12/15 Pending -- -- --
09/09/2015 09/09/15 Price Changed $799,000 -3.6% $575 / Sq Ft
04/15/2015 04/15/15 For Sale $829,000 +9.8% $596 / Sq Ft
09/17/2014 09/17/14 Sold $755,000 -3.1% $543 / Sq Ft View Prior Sale
08/07/2014 08/07/14 For Sale $779,000 -- $560 / 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 $11,023 $864,611 $495,096 $369,515
2024 $11,023 $905,249 $539,320 $365,929
2023 $10,812 $887,500 $528,746 $358,754
2022 $10,307 $870,099 $518,379 $351,720
2021 $10,178 $853,039 $508,215 $344,824
2019 $9,871 $827,740 $493,142 $334,598
2018 $9,844 $811,511 $483,473 $328,038
2016 $9,414 $780,000 $464,700 $315,300
2015 $9,034 $755,000 $456,700 $298,300
2014 $7,090 $578,292 $274,491 $303,801
Source: Public Records

Agents Affiliated with this Home

  • Jesse Weinberg

    Seller's Agent in 2015

    Jesse Weinberg

    Jesse Weinberg

    (800) 804-9132

    482 Total Sales

    Jesse Weinberg
    Section Image

  • B

    Buyer's Agent in 2015

    Brenden Morris-Banfield

    Coldwell Banker Realty

    Section Image
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Map

Source: The MLS

MLS Number: 15-896591

The MLS

APN: 4413-001-041

California Los Angeles County Pacific Palisades 90272

16040 W Sunset Blvd Unit 305, Pacific Palisades, CA

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