NOT LISTED FOR SALE

1621 Crescent Place Venice, CA 90291

Venice Neighborhood

Estimated Value: $6,897,000 - $8,046,000

4 Beds
4.5 Baths
4,412 Sq Ft
$1,712/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $6,450,000 $1,462 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $46,818/month

160 Days on Market

Highlights

  • Koi Pond
  • Heated In Ground Pool
  • Solar Power System
  • Broadway Elementary Rated A
  • Rooftop Deck
  • City View

About This Home

As of July 2021

Escape to a greenery-draped tropical oasis, enviably located on one of Venice's most desired walk streets, and just moments to Abbot Kinney's chic shops & restaurants. This spectacular Robert Thibodeau-designed home perfectly captures SoCal's sunlight, air and warmth, with expansive spaces and disappearing glass walls that seamlessly connect the interior to the tranquil patio & swimming pool. Designer details elevate the home, with a floating wall at entry, dramatic wood ceilings & sleek integrated kitchen w/marble waterfall island. Upstairs, the 4 sizable bedrooms include the primary suite with luxurious fireplace & wall-to-wall marble bath. A bridge connects the main house to an oversized studio w/bath & private patio. Other amenities include a finished basement, gym, dog run, koi ponds, solar panels, parking for 5 cars & roof deck w/sweeping views. The exterior spaces have been reimagined by visionary landscape architect Stefan Hammerschmidt to complete this peaceful, utopian sanctuary.

Last Agent to Sell the Property

Diana Braun

Compass License #01362342 Listed on: 01/14/2021

Compass

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2014

Lot Details

  • 4,551 Sq Ft Lot
  • Lot Dimensions are 48x100
  • Gated Home
  • Property is zoned LAR2

Property Views

  • City
  • Trees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,412 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Recreation Room
  • Home Gym
  • Basement

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • 2 Open Parking Spaces

Outdoor Features

  • Heated In Ground Pool
  • Balcony
  • Rooftop Deck
  • Covered Patio or Porch
  • Koi Pond
  • Outdoor Grill

Additional Features

  • Solar Power System
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4241-013-007

Home Details

Home Type

Single Family

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 4412
  • Lot Acreage: 0.1045
  • Lot Dimensions: 48x100
  • Stories: 2
  • Year Built: 2014
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Cement, Hardwood, Tile
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Total Bathrooms: 5.00
  • Equipment: Barbeque, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1575.25

Exterior Features

  • Other Features: Koi Pond, Balcony
  • Other Structures: None
  • Patio: Roof Top Deck, Deck(s), Patio Open
  • Pool Description: Heated, In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: City, Tree Top
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 3
  • Parking Garage: Garage - 3 Car, Detached
  • Total Parking: 5

Utilities

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

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4241-013-007
  • Lot Size Area: 4551

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2018
Closed on
Jan 4, 2019
Sold by
Mascolo Zak and Mascolo Caroline Sousa
Bought by
Isackson Robert K and Isackson Shellan
Seller's Agent
Tiffany Rochelle
Compass
Buyer's Agent
Tiffany Rochelle
Compass
List Price
$8,500,000
Sold Price
$6,750,000
Premium/Discount to List
-$1,750,000
-20.59%
Current Estimated Value
$7,552,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$802,570
Avg. Annual Appreciation
1.62%
Original Mortgage
$4,725,000
Outstanding Balance
$3,897,028
Interest Rate
4.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
$3,655,542

Purchase Details

Closed on
Dec 15, 2011
Sold by
Smith Gavin S and Smith Claudia
Bought by
Mascolo Zak and Mascolo Caroline Sousa

Purchase Details

Closed on
Apr 1, 2009
Sold by
Mcmillian Elizabeth Jean and The Elizabeth Jean Mcmillian L
Bought by
Smith Gavin S and Smith Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2006
Sold by
Mcmillian Elizabeth Jean
Bought by
The Elizabeth Jean Mcmillian Living Tr

Purchase Details

Closed on
Aug 23, 2005
Sold by
Frank Suzanne
Bought by
Mcmillian Elizabeth

Home Financials for this Owner

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

Purchase Details

Closed on
May 2, 2000
Sold by
Gerbasi David A
Bought by
Frank Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
8.25%

Purchase Details

Closed on
Dec 18, 1998
Sold by
Shapiro Rhoda Co Tr Shapiro Perl Trust
Bought by
Perl Ralph R and Shapiro Rhoda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
6.82%

Purchase Details

Closed on
Jul 13, 1994
Sold by
Ba Properties Inc
Bought by
Shapiro Rhoda and Perl Ralph R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,600
Interest Rate
7.62%

Purchase Details

Closed on
Jan 6, 1994
Sold by
Equitable Deed Company
Bought by
Ba Properties Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Isackson Robert K $6,750,000 Old Republic Title Company
Mascolo Zak $1,700,000 Lawyers Title Company
Smith Gavin S $1,250,000 None Available
The Elizabeth Jean Mcmillian Living Tr -- None Available
Mcmillian Elizabeth $1,500,000 Equity Title Company
Frank Suzanne -- Southland Title Corporation
Frank Suzanne $375,000 Southland Title Corporation
Perl Ralph R -- Progressive Title Company
Shapiro Rhoda $147,272 World Title Company
Ba Properties Inc $335,850 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Isackson Robert K $4,725,000
Previous Owner Smith Gavin S $1,000,000
Previous Owner Mcmillian Elizabeth $1,000,000
Previous Owner Frank Suzanne $337,500
Previous Owner Perl Ralph R $103,000
Previous Owner Shapiro Rhoda $103,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2021 07/14/21 Sold $6,450,000 -7.2% $1,462 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
03/26/2021 03/26/21 Price Changed $6,950,000 -5.4% $1,575 / Sq Ft
03/16/2021 03/16/21 For Sale $7,350,000 0.0% $1,666 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $7,350,000 +8.9% $1,666 / Sq Ft
01/22/2019 01/22/19 Sold $6,750,000 -6.3% $1,869 / Sq Ft View Prior Sale
12/15/2018 12/15/18 Pending -- -- --
12/05/2018 12/05/18 Price Changed $7,200,000 -6.5% $1,993 / Sq Ft
09/21/2018 09/21/18 Price Changed $7,700,000 -9.4% $2,132 / Sq Ft
07/23/2018 07/23/18 For Sale $8,500,000 -- $2,353 / Sq Ft
Source: The MLS

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 $80,846 $6,844,791 $4,722,375 $2,122,416
2024 $80,846 $6,710,580 $4,629,780 $2,080,800
2023 $79,252 $6,579,000 $4,539,000 $2,040,000
2022 $75,517 $6,450,000 $4,450,000 $2,000,000
2021 $82,068 $6,956,328 $6,183,403 $772,925
2020 $82,942 $6,885,000 $6,120,000 $765,000
2019 $46,263 $2,882,030 $1,914,171 $967,859
2018 $34,028 $2,825,521 $1,876,639 $948,882
2016 $32,560 $2,715,805 $1,803,768 $912,037
2015 $32,011 $1,837,872 $1,776,674 $61,198
2014 $22,096 $1,801,872 $1,741,872 $60,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-680314

The MLS

APN: 4241-013-007