NOT LISTED FOR SALE

1648 Michael Ln Pacific Palisades, CA 90272

Estimated Value: $1,027,000 - $1,381,000

2 Beds
2.5 Baths
1,955 Sq Ft
$632/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $1,350,000 $691 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,915/month

9 Days on Market

Highlights

  • Fitness Center
  • Views of Trees
  • Fireplace in Primary Bedroom
  • In Ground Pool
  • 9.19 Acre Lot
  • Spanish Architecture

About This Home

As of October 2023

Welcome to this magnificent 2-bed, 2.5-bath townhouse in the gorgeous Pacific Palisades Highlands. This 1,955 square foot home is a perfect blend of comfort and elegance. The open-concept layout seamlessly connects the living room, dining room, and kitchen areas, bathed in natural light. The gourmet kitchen features sleek countertops, modern appliances, and a huge breakfast area. Upstairs, find two spacious bedrooms, each with an en-suite bathroom. The remodeled, primary bathroom boasts a double vanity, bathtub, and separate shower. The primary bedroom also features a balcony with mountain views, perfect for a quiet read or cup of coffee. At the front of the home, enjoy the private patio overlooking lush greenery, with room for a barbecue. Amenities include a pool, hot tub, fitness center, and proximity to hiking trails, beaches, and local dining. Embrace the coveted Pacific Palisades lifestyle in this exceptional townhouse.

Last Agent to Sell the Property

Jeff Lemen

Carolwood Estates License #01314776 Listed on: 08/16/2023

Carolwood Estates

Last Buyer's Agent

David Tamburo

Rodeo Realty License #01941447

Rodeo Realty

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1979

Lot Details

  • 9.19

HOA Fees

  • $655 Monthly HOA Fees

Property Views

  • Trees
  • Mountain

Home Design

  • Spanish Architecture
  • Split Level Home
  • Entry on the 1st floor

Interior Spaces

  • 1,955 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Dining Room

Kitchen

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

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry in Garage

Parking

  • 2 Car Attached Garage
  • Guest Parking

Pool

  • In Ground Pool
  • Gas Heated Pool

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4431-015-141

Community Details

Overview

  • 110 Units
  • Maintained Community

Amenities

  • Sundeck
  • Sauna

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Year Built

Built in 1979

Lot Details

0

HOA Fees

$655 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Spanish
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: Welcome to this magnificent 2-bed, 2.5-bath townhouse. This 1,955 square foot home is a perfect blend of comfort and elegance. The open-concept layout seamlessly connects the living room, dining room, and kitchen areas, bathed in natural light. The gourmet kitchen features sleek countertops, modern appliances, and a huge breakfast area. Upstairs, find two spacious bedrooms, each with an en-suite bathroom. The remodeled, primary bathroom boasts a double vanity, bathtub, and separate shower. The primary bedroom also features a balcony with mountain views, perfect for a quiet read or cup of coffee. At the front of the home, enjoy the private patio overlooking lush greenery, with room for a barbecue. Amenities include a pool, hot tub, fitness center, and proximity to hiking trails, beaches, and local dining. Embrace the coveted Pacific Palisades lifestyle!
  • Complex Name: Michael Lane Villas
  • Entry Floor: 1
  • Living Area: 1955
  • Lot Acreage: 9.1867
  • Planned Urban Dev: 0
  • Stories: 3
  • Year Built: 1979
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Master Bedroom, Living Room
  • Flooring: Carpet, Wood Laminate
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Garage, Laundry Area
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 713.55

Exterior Features

  • Pool Description: Heated with Gas, Association Pool
  • Pool: Yes
  • View: Mountains, Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Exercise Room, Guest Parking, Sun Deck, Spa, Sauna, Pool
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 655.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4431-015-141
  • Lot Size Area: 400173

Multi Family

  • Number Of Units: 110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2024
Sold by
Epstein Abraham and Epstein Sarah Elizabeth
Bought by
Epstein Family Trust and Epstein
Current Estimated Value
$1,318,360

Purchase Details

Listed on
Aug 16, 2023
Closed on
Sep 28, 2023
Sold by
Raff Bypass Trust
Bought by
Epstein Abraham and Epstein Sarah Elizabeth
Seller's Agent
Jeff Lemen
Carolwood Estates
Buyer's Agent
David Tamburo
Rodeo Realty
List Price
$1,395,000
Sold Price
$1,350,000
Premium/Discount to List
-$45,000
-3.23%
Views
206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.88%
Original Mortgage
$730,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2002
Sold by
Raff Shirley and The Raff Revocable Trust Of 19
Bought by
Raff Shirley and The Raff Bypass Trust

Purchase Details

Closed on
Nov 17, 1998
Sold by
Raff Robert H and Raff Shirley
Bought by
Raff Robert and Raff Shirley
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Epstein Family Trust -- None Listed On Document
Epstein Abraham $1,350,000 Usa National Title
Raff Shirley -- Old Republic Title
Raff Robert -- --
Raff Robert H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Epstein Abraham $730,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2023 10/10/23 Sold $1,350,000 -3.2% $691 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
08/16/2023 08/16/23 For Sale $1,395,000 0.0% $714 / Sq Ft
06/01/2021 06/01/21 Rented $5,800 -1.7% --
04/26/2021 04/26/21 Under Contract -- -- --
04/22/2021 04/22/21 Off Market $5,900 -- --
03/29/2021 03/29/21 Price Changed $5,900 -5.6% $3 / Sq Ft
03/18/2021 03/18/21 For Rent $6,250 +13.6% --
09/11/2020 09/11/20 Rented $5,500 -3.5% --
09/04/2020 09/04/20 Off Market $5,700 -- --
08/20/2020 08/20/20 For Rent $5,700 -- --
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 $16,489 $1,279,390 $838,410 $440,980
2024 $16,489 $1,350,000 $913,300 $436,700
2023 $4,692 $373,474 $163,449 $210,025
2022 $4,481 $366,152 $160,245 $205,907
2021 $4,414 $358,973 $157,103 $201,870
2019 $4,283 $348,329 $152,445 $195,884
2018 $4,228 $341,500 $149,456 $192,044
2016 $4,026 $328,241 $143,653 $184,588
2015 $3,968 $323,312 $141,496 $181,816
2014 $3,988 $316,980 $138,725 $178,255
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-299736

The MLS

APN: 4431-015-141