NOT LISTED FOR SALE

1638 Michael Ln Pacific Palisades, CA 90272

Estimated Value: $1,285,000 - $1,682,454

3 Beds
2.5 Baths
2,081 Sq Ft
$713/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $1,419,000 $682 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,188/month

9 Days on Market

Highlights

  • Heated In Ground Pool
  • Mountain View
  • Traditional Architecture
  • 9.19 Acre Lot
  • Fireplace in Primary Bedroom
  • Wood Flooring

About This Home

As of May 2021

This is a highly desirable three bedroom townhouse because it has all the bedrooms upstairs! Upgrades within the last 5 years include a fully remodeled kitchen, new master bathroom, upgraded guest bathroom & powder room, LED lighting throughout, new windows installed on back of unit+ master bathroom, custom walk-in closet in master bedroom (includes jewelry drawer w/lock and pull out hamper), plus additional storage space added with a built-in downstairs closet and finished out attic. There is also a private 2 car direct access garage, a beautiful community pool, spa, and gym. Welcome home!

Last Agent to Sell the Property

Laura Brau

Compass License #01931500 Listed on: 02/16/2021

Compass

Last Buyer's Agent

Elizabeth M. Walton

Sotheby's International Realty License #01495924

Sotheby's International Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $18,384

Year Built

  • Built in 1979

Lot Details

  • 9.19

HOA Fees

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,081 Sq Ft Home
  • Built-In Features
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Mountain Views
  • Laundry in Garage

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room

Parking

  • 2 Parking Spaces
  • Side by Side Parking
  • On-Street Parking

Outdoor Features

  • Heated In Ground Pool
  • Open Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4431-015-180

Community Details

Overview

  • 110 Units
  • 21-Story Property

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Security Service

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$18,384

Year Built

Built in 1979

Lot Details

0

HOA Fees

$575 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Traditional
  • Street Number Display: Yes
  • Complex Name: Michael Lane Villas
  • Entry Floor: 1
  • Living Area: 2081
  • Lot Acreage: 9.1940
  • Planned Urban Dev: 1
  • Stories: 21
  • Unit Floor In Building: 1
  • Year Built: 1979
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom, Wood Burning
  • Flooring: Wood, Carpet, Ceramic Tile
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Garbage Disposal, Refrigerator, Dishwasher, Built-Ins, Range/Oven
  • Price Per S Q F T: 662.66

Exterior Features

  • Pool Description: Association Pool, Heated
  • Pool: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Side By Side, On street
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Community

Association/Amenities

  • Amenities: Pool
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Quarterly
  • HOA Fees: 550.00
  • HOA Fees: 75.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4431-015-180
  • Lot Size Area: 400490

Multi Family

  • Number Of Units: 110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
May 18, 2021
Sold by
Solum Michael Conrad and Solum Jennifer Johnson
Bought by
Hardin Matthew Foster and Fish Mary Phyllis
Seller's Agent
Laura Brau
Compass
Buyer's Agent
Elizabeth M. Walton
Sotheby's International Realty
List Price
$1,379,000
Sold Price
$1,419,000
Premium/Discount to List
$40,000
2.9%
Current Estimated Value
$1,483,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,151
Avg. Annual Appreciation
2.42%
Original Mortgage
$822,375
Outstanding Balance
$748,438
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$823,047

Purchase Details

Closed on
Jul 15, 2014
Sold by
Solum Michael Conrad and Solum Jennifer Johnson
Bought by
Solum Living Trust

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
4.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
May 24, 2012
Closed on
Oct 17, 2012
Sold by
Carlson Adelle M and The Adelle M Carlson Living Tr
Bought by
Solum Michael Conrad and Solum Jennifer Johnson
Seller's Agent
Portia Corlin
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Eric Knight
Pinnacle Estate Properties
List Price
$739,000
Sold Price
$710,000
Premium/Discount to List
-$29,000
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%
Original Mortgage
$697,140
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 2002
Sold by
Carlson Adelle
Bought by
Carlson Adelle M and Adelle M Carlson Living Trust
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
Hardin Matthew Foster $1,419,000 Lawyers Title Company
Solum Living Trust -- None Available
Solum Michael Conrad -- None Available
Solum Michael Conrad $710,000 California Title Company
Carlson Adelle M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardin Matthew Foster $822,375
Closed Hardin Matthew Foster $300,000
Previous Owner Solum Michael Conrad $100,000
Previous Owner Solum Michael Conrad $805,000
Previous Owner Solum Michael Conrad $150,000
Previous Owner Solum Michael Conrad $697,140
Previous Owner Cafferio Nancy $202,000
Previous Owner Cafferio Nancy $150,000
Previous Owner Carlson Adelle M $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $1,419,000 +2.9% $682 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $1,379,000 +94.2% $663 / Sq Ft
11/30/2012 11/30/12 Sold $710,000 -1.3% $341 / Sq Ft
10/02/2012 10/02/12 Pending -- -- --
09/21/2012 09/21/12 Price Changed $719,000 -2.7% $346 / Sq Ft
08/03/2012 08/03/12 For Sale $739,000 0.0% $355 / Sq Ft
06/28/2012 06/28/12 Pending -- -- --
05/24/2012 05/24/12 For Sale $739,000 -- $355 / 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 $18,384 $1,419,556 $1,010,525 $409,031
2024 $18,384 $1,505,852 $1,100,790 $405,062
2023 $18,029 $1,476,326 $1,079,206 $397,120
2022 $17,190 $1,447,380 $1,058,046 $389,334
2021 $9,998 $825,131 $597,603 $227,528
2020 $10,100 $816,671 $591,476 $225,195
2019 $9,701 $800,659 $579,879 $220,780
2018 $9,639 $784,960 $568,509 $216,451
2016 $9,212 $754,481 $546,434 $208,047
2015 $9,078 $743,149 $538,227 $204,922
2014 $9,111 $728,592 $527,684 $200,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-690444

The MLS

APN: 4431-015-180