NOT LISTED FOR SALE

16042 Northfield St Pacific Palisades, CA 90272

Estimated Value: $4,328,000 - $5,445,036

5 Beds
5.5 Baths
3,954 Sq Ft
$1,218/Sq Ft Est. Value

Last Sold September 21, 2023

Last sale price $5,950,000 $1,505 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $32,216/month

47 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Spanish Architecture
  • Breakfast Area or Nook
  • Wood Flooring
  • No HOA
  • Built-In Features

About This Home

As of September 2023

Welcome to this exquisite new Modern Spanish home nestled in the highly sought-after El Medio bluffs. With five bedrooms, five baths, and a seamless indoor-outdoor design, this stunning residence offers the perfect blend of modern elegance and Spanish charm. As you step inside, you are greeted by a spacious and light-filled living space, thoughtfully designed for today's discerning homeowner. The chef's kitchen is a culinary dream, featuring top-of-the-line stainless steel appliances, a large center island, and premium cabinetry that adds a touch of sophistication. The kitchen effortlessly flows into the great family room, creating a wonderful open-concept space that is perfect for entertaining guests or spending quality time with family. Large windows and disappearing sliding doors invite natural light, offering a connection to the grassy yard and outdoor patio with fireplace. Retreat to the luxurious primary suite with vaulted wood-beam ceilings and fireplace. The suite boasts a spa-like ensuite bathroom with high-end fixtures, a soaking tub, and a spacious walk-in shower. A private balcony off the suite provides a tranquil escape where you can unwind and enjoy the California sun. Each of the additional four bedrooms is generously sized, making them ideal for family members or guests. The modern bathrooms are tastefully designed with the builder's signature sleek stone finishes. Located in one of the most desirable neighborhoods, you can enjoy the Palisades Village, nearby parks and hiking trails, and top-rated schools. Other features include wide plank oak floors, an upstairs family room, smart-home features, separate laundry room, and two-car garage with gated entry equipped with electric vehicle chargers and direct access. Don't miss this rare opportunity to own a Contemporary Spanish masterpiece in the heart of the Pacific Palisades. Embrace the perfect combination of style, comfort, and functionality.

Last Agent to Sell the Property

Emil Alexander Schneeman

Berkshire Hathaway HomeServices California Properties License #01200793 Listed on: 07/28/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $71,671

Year Built

  • Built in 2023

Lot Details

  • 5,751 Sq Ft Lot
  • Lot Dimensions are 50x115
  • Property is zoned LAR1

Parking

  • 2 Parking Spaces

Home Design

  • Spanish Architecture
  • Spanish Tile Roof

Interior Spaces

  • 3,954 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Center Hall
  • Wood Flooring
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Freezer
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4413-003-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$71,671

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3954
  • Lot Acreage: 0.1320
  • Lot Dimensions: 50x115
  • Stories: 2
  • Year Built: 2023
  • Number Of Photos: 47
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Master Bedroom, Living Room, Patio
  • Flooring: Wood
  • Bedrooms: 5
  • Full Bathroom: 5
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Breakfast Area, Dining Area, In Kitchen, Kitchen Island, Separated
  • Laundry: Room
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Built-Ins
  • Price Per S Q F T: 1566.77

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Spanish Tile
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4413-003-016
  • Lot Size Area: 5751

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Sep 15, 2023
Sold by
16042 Northfield Llc
Bought by
Sherthal Sr Llc
Seller's Agent
Emil Alexander Schneeman
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$6,195,000
Sold Price
$5,950,000
Premium/Discount to List
-$245,000
-3.95%
Views
48
Current Estimated Value
$4,816,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,133,655
Avg. Annual Appreciation
-3.22%

Purchase Details

Listed on
Jan 11, 2021
Closed on
Feb 25, 2021
Sold by
Winship Michael
Bought by
16042 Northfield Llc
Seller's Agent
John Jett
John Jett
List Price
$2,350,000
Sold Price
$2,100,000
Premium/Discount to List
-$250,000
-10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.93%
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
Sherthal Sr Llc $5,950,000 Chicago Title Company
16042 Northfield Llc $2,100,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 16042 Northfield Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2023 09/21/23 Sold $5,950,000 -4.0% $1,505 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $6,195,000 +195.0% $1,567 / Sq Ft
03/12/2021 03/12/21 Sold $2,100,000 -10.6% $1,011 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
02/05/2021 02/05/21 Price Changed $2,350,000 0.0% $1,131 / Sq Ft
02/05/2021 02/05/21 For Sale $2,350,000 -4.4% $1,131 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $2,459,000 0.0% $1,183 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $2,459,000 -- $1,183 / 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 $71,671 $6,069,000 $4,855,200 $1,213,800
2024 $71,671 $5,950,000 $4,760,000 $1,190,000
2023 $26,498 $2,184,840 $1,747,872 $436,968
2022 $25,257 $2,142,000 $1,713,600 $428,400
2021 $26,836 $2,267,247 $2,061,134 $206,113
2020 $2,031 $153,732 $79,782 $73,950
2019 $1,958 $150,718 $78,218 $72,500
2018 $1,883 $147,764 $76,685 $71,079
2016 $1,777 $142,028 $73,708 $68,320
2015 $1,752 $139,895 $72,601 $67,294
2014 $1,767 $137,155 $71,179 $65,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-295291

The MLS

APN: 4413-003-016