NOT LISTED FOR SALE

Estimated Value: $1,758,000 - $2,157,000

2 Beds
2 Baths
1,408 Sq Ft
$1,354/Sq Ft Est. Value

Last Sold February 12, 2020

Last sale price $1,685,000 $1,197 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $12,012/month

88 Days on Market

Highlights

  • Guest House
  • Wood Flooring
  • Covered Patio or Porch
  • Broadway Elementary Rated A
  • No HOA
  • 5-minute walk to Centennial Park

About This Home

As of February 2020

Located on a highly desirable street in Venice just off of Abbot Kinney Blvd, this unique property features two detached bungalows on one lot, offering the possibility of either a high income-producing duplex or combining to create one amazing single family residence. Entering through the privacy gate, you are greeted with green grass and lush gardens surrounded by tall bamboo. The front cottage features high vaulted ceilings with gorgeous wooden beams in the living and dining rooms, cork-tile flooring, and an abundance of natural light throughout. Both the bedroom and full kitchen open to the rear outdoor deck with space for entertaining or relaxing with a book. The rear cottage offers a serene setting surrounded by greenery and bamboo for privacy. Also featuring one bedroom, one bath, a full kitchen, living room with painted wood floors. Take advantage of this prime location, one block from shopping and dining at hotspots like Gjelina, Erewhon, The Tasting Kitchen, Burro and more.

Last Agent to Sell the Property

Juliette Hohnen

Douglas Elliman License #01772623 Listed on: 10/12/2019

Douglas Elliman

Last Buyer's Agent

Marshall Sanford

Compass License #01305029

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1921

Lot Details

  • 3,893 Sq Ft Lot
  • Property is zoned LAR2

Home Design

  • Bungalow

Interior Spaces

  • 1,408 Sq Ft Home
  • Built-In Features
  • Living Room
  • Dining Room
  • Wood Flooring
  • Alarm System

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Attached Carport

Additional Features

  • Covered Patio or Porch
  • Guest House
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4241-013-022

Home Details

Home Type

Single Family

Year Built

Built in 1921

Lot Details

3,893 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Street Number Display: Yes
  • Advertising Remarks: Located on a highly desirable street in Venice just off of Abbot Kinney Blvd, this unique property features two detached bungalows on one lot, offering the possibility of either a high income-producing duplex or combining to create one amazing single family residence. Entering through the privacy gate, you are greeted with green grass and lush gardens surrounded by tall bamboo. The front cottage features high vaulted ceilings with gorgeous wooden beams in the living and dining rooms, cork-tile flooring, and an abundance of natural light throughout. Both the bedroom and full kitchen open to the rear outdoor deck with space for entertaining or relaxing with a book. The rear cottage offers a serene setting surrounded by greenery and bamboo for privacy. Also featuring one ensuite bedroom, a full kitchen, living room with painted wood floors. Take advantage of this prime location, one block from shopping and dining at hotspots like Gjelina, Erewhon, The Tasting Kitchen, Burro and more. For showings contact juliette.hohnen@elliman.com.
  • Living Area: 1408
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Outside
  • Total Bathrooms: 2.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1203.84

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Carport Attached
  • Total Parking: 1

Utilities

  • Heating: Wall

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4241-013-022
  • Geocode Override: No
  • Lot Size Area: 3893

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2019
Closed on
Jan 14, 2020
Sold by
Karrol Barbara and Constance Trust
Bought by
Salomon Peter Hill
Seller's Agent
Juliette Hohnen
Douglas Elliman
Buyer's Agent
Marshall Sanford
Compass
List Price
$1,995,000
Sold Price
$1,685,000
Premium/Discount to List
-$310,000
-15.54%
Current Estimated Value
$1,906,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,925
Avg. Annual Appreciation
2.05%
Original Mortgage
$1,348,000
Outstanding Balance
$1,193,759
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$713,166

Purchase Details

Closed on
May 20, 2015
Sold by
Wood Elijah and Wood J E
Bought by
Karrol Barbara and Constance Trust

Purchase Details

Closed on
Oct 12, 2004
Sold by
Mimnaugh George
Bought by
Wood E J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 1997
Sold by
Moats Chester D and Moats Ruth
Bought by
Mimnaugh George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
7.33%
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
Salomon Peter Hill $1,685,000 Equity Title Company
Karrol Barbara -- None Available
Wood E J -- Southland Title Corporation
Mimnaugh George $230,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salomon Peter Hill $1,348,000
Previous Owner Wood E J $960,000
Previous Owner Mimnaugh George $207,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2020 02/12/20 Sold $1,685,000 -0.6% $1,197 / Sq Ft
01/08/2020 01/08/20 Pending -- -- --
10/30/2019 10/30/19 Price Changed $1,695,000 -15.0% $1,204 / Sq Ft
10/12/2019 10/12/19 For Sale $1,995,000 0.0% $1,417 / Sq Ft
02/25/2016 02/25/16 Under Contract -- -- --
02/18/2016 02/18/16 Price Changed $7,500 -6.2% $5 / Sq Ft
02/17/2016 02/17/16 For Rent $7,995 0.0% --
02/17/2016 02/17/16 Price Changed $7,995 +6.6% $6 / Sq Ft
02/17/2016 02/17/16 Under Contract -- -- --
02/17/2016 02/17/16 Rented $7,500 +50.2% --
02/01/2016 02/01/16 Price Changed $4,995 -4.9% $4 / Sq Ft
01/05/2016 01/05/16 For Rent $5,250 +5.0% --
09/12/2015 09/12/15 Rented $5,000 -4.8% --
08/25/2015 08/25/15 For Rent $5,250 -- --
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 $21,872 $1,842,791 $1,640,468 $202,323
2024 $21,872 $1,806,658 $1,608,302 $198,356
2023 $21,445 $1,771,234 $1,576,767 $194,467
2022 $20,440 $1,736,504 $1,545,850 $190,654
2021 $20,194 $1,702,456 $1,515,540 $186,916
2020 $18,456 $1,529,460 $1,223,574 $305,886
2019 $17,711 $1,499,472 $1,199,583 $299,889
2018 $17,653 $1,470,071 $1,176,062 $294,009
2016 $16,890 $1,412,989 $1,130,395 $282,594
2015 $16,639 $1,391,766 $1,113,416 $278,350
2014 -- $1,364,504 $1,091,606 $272,898
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-519002

The MLS

APN: 4241-013-022

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