NOT LISTED FOR SALE

16237 Mandalay Dr Encino, CA 91436

Estimated Value: $2,833,000 - $3,275,000

4 Beds
4.5 Baths
3,493 Sq Ft
$847/Sq Ft Est. Value

Last Sold November 08, 2013

Last sale price $1,655,000 $474 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $18,247/month

37 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Lanai Road Elementary Rated A
  • Updated Kitchen
  • Valley View

About This Home

As of November 2013

Breathtaking Mediterranean View Property in the Lanai School District. This home offers high ceilings, open floor plan, huge gourmet kitchen with brand new Viking appliances, French doors throughout, living room with fireplace, formal dining room, and family room with city light views. Master bedroom offers two walk-in closets, steam shower, and spa tub. Professionally landscaped grounds feature grassy yards, sparkling pool, spa, patio for al fresco dining, and city views.

Last Agent to Sell the Property

Brian Pane

Sotheby's International Realty License #01209478 Listed on: 09/13/2013

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,367

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 0.35 Acre Lot
  • Landscaped
  • Corner Lot
  • Sprinklers Throughout Yard
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Home Design

  • Mediterranean Architecture
  • Combination Foundation
  • Spanish Tile Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,493 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • High Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Window Screens
  • French Doors
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Center Hall
  • Valley Views
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Convection Oven
  • Six Burner Stove
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bidet

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Satellite Dish

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 21551
  • Assessor Parcel Number 2286005001

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,367

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Cellular
  • Other Phone Number: 818.521.9790
  • Property Attached: No
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2286005001
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3493.00
  • Interior Amenities: Crown Molding, Granite Counters, High Ceilings, Copper Plumbing Partial, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: One
  • Price Per Square Foot: 473.80
  • Room Type: Center Hall, Entry, Family Room, Living Room, Master Suite, Walk-In Closet
  • Spa Features: In Ground, Private
  • Window Features: Double Pane Windows, Screens
  • Bathroom Features: Bidet
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Combination
  • Exterior Features: Lighting, Satellite Dish
  • View: Valley
  • Patio And Porch Features: Concrete
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Convection Oven, Double Oven, Dishwasher, Freezer, Disposal, Gas Range, Gas Cooktop, Range Hood, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Lot Features: Back Yard, Front Yard, Landscaped, Corner Lot, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer, Sprinkler System, Yard
  • Lot Size Sq Ft: 15067.00
  • Lot Size Acres: 0.3460

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15067.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 46
  • Tax Tract Number: 21551

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2017
Sold by
Massachi Faramarz and Massachi Mojgan
Bought by
Massachi Faramarz and Massachi Mojgan
Current Estimated Value
$2,976,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Outstanding Balance
$241,916
Interest Rate
4.3%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,718,152

Purchase Details

Listed on
Sep 13, 2013
Closed on
Oct 30, 2013
Sold by
Nazerian Vahakin and Apkarian Isabel
Bought by
Massachi Farmarz and Massachi Mojgan
Seller's Agent
Brian Pane
Sotheby's International Realty
List Price
$1,799,000
Sold Price
$1,655,000
Premium/Discount to List
-$144,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%
Original Mortgage
$594,000
Interest Rate
4.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Apr 5, 2013
Closed on
Jun 19, 2013
Sold by
Pimentel Armando A and Pimentel Imerlia G
Bought by
Nazerian Vahakin and Apkarian Isabel
Seller's Agent
Nonna Gasparyan
Coldwell Banker Hallmark Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$825,000
Sold Price
$990,000
Premium/Discount to List
$165,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
334.12%

Purchase Details

Closed on
May 24, 2007
Sold by
Pimentel Armando A
Bought by
Pimentel Armando A and Pimentel Imeria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,310
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 21, 2007
Sold by
Goldschwartz Imeria and Pimentel Imeria G
Bought by
Pimentel Armando A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,310
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 14, 2007
Sold by
Ben Aboo Shimon
Bought by
Pimentel Armando A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,310
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 3, 2005
Sold by
Ben Aboo Orna
Bought by
Ben Aboo Shimon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 18, 2005
Sold by
Traveriers Bank & Trust Fsb
Bought by
Ben Aboo Shimon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 29, 2000
Sold by
Brucker Sue Allison
Bought by
Brucker Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 28, 2000
Sold by
Brucker Barry
Bought by
Travelers Bank & Trust Fsb and The Mandalay Property Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 6, 2000
Sold by
Altman Herman and Altman Rhoda
Bought by
Brucker Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
7.98%
Mortgage Type
Seller Take Back
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
Massachi Faramarz -- Lawyers Title
Massachi Farmarz $1,655,000 Nations Title Company Of Ca
Nazerian Vahakin $990,000 Old Republic Title Company
Pimentel Armando A -- Progressive Title
Pimentel Armando A -- Progressive Title Ins Co
Pimentel Armando A $1,895,000 Progressive Title Ins Co
Ben Aboo Shimon -- Fidelity Van Nuys
Ben Aboo Shimon $900,000 Fidelity Van Nuys
Brucker Barry -- Chicago Title Co
Travelers Bank & Trust Fsb -- Chicago Title Co
Brucker Barry $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massachi Faramarz $290,000
Previous Owner Nazerian Vahakin $594,000
Previous Owner Pimentel Armando A $205,310
Previous Owner Pimentel Armando A $1,500,000
Previous Owner Ben Aboo Shimon $151,500
Previous Owner Ben Aboo Shimon $150,000
Previous Owner Ben Aboo Shimon $720,000
Previous Owner Travelers Bank & Trust Fsb $400,000
Previous Owner Travelers Bank & Trust Fsb $400,000
Previous Owner Travelers Bank & Trust Fsb $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2013 11/08/13 Sold $1,655,000 -8.0% $474 / Sq Ft
10/20/2013 10/20/13 Pending -- -- --
09/13/2013 09/13/13 For Sale $1,799,000 +81.7% $515 / Sq Ft
07/02/2013 07/02/13 Sold $990,000 +20.0% $283 / Sq Ft
04/16/2013 04/16/13 Pending -- -- --
04/05/2013 04/05/13 For Sale $825,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $24,367 $2,028,794 $1,014,397 $1,014,397
2024 $24,367 $1,989,014 $994,507 $994,507
2023 $23,893 $1,950,014 $975,007 $975,007
2022 $22,800 $1,911,780 $955,890 $955,890
2021 $22,518 $1,874,296 $937,148 $937,148
2019 $21,843 $1,818,704 $909,352 $909,352
2018 $21,674 $1,783,044 $891,522 $891,522
2016 $20,703 $1,713,808 $856,904 $856,904
2015 $20,399 $1,688,066 $844,033 $844,033
2014 $20,460 $1,655,000 $827,500 $827,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13186693

California Regional Multiple Listing Service (CRMLS)

APN: 2286-005-001