Seller's Agent in 2018
Robert Depaoli
Compass
(310) 896-5343
23 in this area
56 Total Sales
1616 Gates Ave Manhattan Beach, CA 90266
Estimated Value: $4,458,511 - $5,161,000
5
Beds
5.5
Baths
5,071
Sq Ft
$941/Sq Ft
Est. Value
Highlights
- Primary Bedroom Suite
- Open Floorplan
- Wood Flooring
- Aurelia Pennekamp Elementary School Rated A
- Fireplace in Primary Bedroom
- Main Floor Bedroom
About This Home
As of June 2018Here is everything you've been looking for in East Manhattan- a rare 5088 SF home with a magnificent backyard perfect for families and large gatherings on a flat 7500 SF lot. Located mid-block on Gates Avenue, this estate like home has been maintained to perfection. Built by one of the neighborhood's most reputable builders, Gary Wells, this home features 5 bedrooms + media room, 5.5 bathrooms, 3 fireplaces, and a 3 car garage. Open layout on the first level with super expansive multiple granite islands in the gourmet kitchen and a huge eat in area. The spacious kitchen has over 40 cabinets, slab granite counters, high quality stainless steel appliances, and tile floors. The family room has over 25 ft of custom built-in cabinets and a separate formal dining room adjacent to the kitchen. You'll also find a bedroom suite and powder room, perfect for an office or guest bedroom. The second level has 4 bedrooms including one of the largest master suites you’ll see in East Manhattan Beach with a king sized walk-in closet with island, 3 additional bedrooms, a media room with built in beverage refrigerator, and a laundry room. No expense has been spared on the upgraded south facing backyard with a huge covered Lanai, mounted television, turf yard with a bocce ball court, 6-7 person hot tub, glass dual burner fire pit with seating, and an outdoor kitchen with built in BBQ. Close proximity to award-winning Manhattan Beach schools. Also available for lease- $10,500/mo
Last Buyer's Agent
Omega Valente
Vista Sotheby’s International Realty License #01998742
Home Details
Home Type
- Single Family
Year Built
- Built in 2008
Lot Details
- 7,508 Sq Ft Lot
- Landscaped
- Level Lot
- Back Yard
- Property is zoned MNRS
Parking
- 3 Car Direct Access Garage
- Parking Available
- Driveway
Home Design
- Mediterranean Architecture
- Tile Roof
Interior Spaces
- 5,071 Sq Ft Home
- Open Floorplan
- Built-In Features
- Bar
- Recessed Lighting
- Gas Fireplace
- Formal Entry
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room with Fireplace
- Den
- Bonus Room
- Game Room
- Neighborhood Views
Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Breakfast Bar
- Double Oven
- Built-In Range
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
Laundry
- Laundry Room
- Laundry on upper level
Outdoor Features
- Balcony
- Concrete Porch or Patio
Schools
- Manhattan Beach Middle School
- Mira Costa High School
Utilities
- Forced Air Zoned Cooling and Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 4163014009
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 4, 2018
Closed on
Jun 9, 2018
Sold by
Schwartz Gregory Allen
Bought by
Salehi Had Hani and Keyvan Yasmin
Seller's Agent
Robert Depaoli
Compass
Buyer's Agent
Omega Valente
Vista Sotheby’s International Realty
List Price
$3,299,000
Sold Price
$3,050,000
Premium/Discount to List
-$249,000
-7.55%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,721,878
Avg. Annual Appreciation
6.08%
Original Mortgage
$2,287,500
Outstanding Balance
$1,978,304
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$2,793,574
Purchase Details
Closed on
Apr 24, 2014
Sold by
Schwartz Gregory
Bought by
Schwartz Gregory Allen and The Gregory Allen Schwartz Living Trust
Purchase Details
Closed on
Nov 22, 2013
Sold by
Schwartz Gregory
Bought by
Schwartz Gregory
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,698,000
Interest Rate
3.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 20, 2011
Sold by
Gcs Harley Inc
Bought by
Schwartz Gregory and Schwartz Sherrie S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,760,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jul 6, 2006
Sold by
Parker Stuart Walter and Parker Lisa Herrick
Bought by
Gcs Harley Inc
Purchase Details
Closed on
Mar 3, 1995
Sold by
Trost Edwin W and Trost Dolores J
Bought by
Parker Stuart Walter
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.12%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Salehi Had Hani | $3,050,000 | Lawyers Title | |
| Schwartz Gregory Allen | -- | None Available | |
| Schwartz Gregory | -- | First American Title Company | |
| Schwartz Gregory | $2,200,000 | Usa National Title Company | |
| Gcs Harley Inc | $1,270,000 | Lawyers Title | |
| Parker Stuart Walter | $416,000 | Gateway Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Salehi Had Hani | $2,287,500 | |
| Previous Owner | Schwartz Gregory | $1,698,000 | |
| Previous Owner | Schwartz Gregory | $1,760,000 | |
| Previous Owner | Parker Stuart Walter | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/20/2018 06/20/18 | Sold | $3,050,000 | -4.7% | $601 / Sq Ft |
| 04/20/2018 04/20/18 | Price Changed | $3,199,000 | -3.0% | $631 / Sq Ft |
| 04/04/2018 04/04/18 | For Sale | $3,299,000 | -- | $651 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $39,080 | $3,548,505 | $2,177,347 | $1,371,158 |
| 2024 | $39,080 | $3,402,327 | $2,134,654 | $1,267,673 |
| 2023 | $37,967 | $3,335,616 | $2,092,799 | $1,242,817 |
| 2022 | $37,309 | $3,270,213 | $2,051,764 | $1,218,449 |
| 2021 | $36,613 | $3,206,092 | $2,011,534 | $1,194,558 |
| 2019 | $35,628 | $3,111,000 | $1,951,872 | $1,159,128 |
| 2018 | $27,910 | $2,436,132 | $1,655,858 | $780,274 |
| 2016 | $25,982 | $2,341,536 | $1,591,560 | $749,976 |
| 2015 | $25,443 | $2,306,365 | $1,567,654 | $738,711 |
| 2014 | $25,083 | $2,254,187 | $1,536,946 | $717,241 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Depaoli
-
O
Buyer's Agent in 2018
Omega Valente
Vista Sotheby’s International Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18076202
APN: 4163-014-009
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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