$1,355,000
SOLD FEB 14, 2017
2 Beds
1 Bath
922 Sq Ft
5,495 Sq Ft Lot

Recently Sold

$1,470 Per Sq Ft

4% Above List Price

11 Days on Market

Highlights

  • No HOA
  • Views
  • 1-Story Property
  • Venice High School Rated A
  • Bungalow
  • 5-minute walk to Penmar Park

About This Home

As of June 2018

Attention developers! Wonderful location! Small 1940 bungalow on 5,495 (per assessor) lot being sold as a tear down/development opportunity on lovely street in Venice. Fantastic location! Drive by only, tenant occupied, please do not disturb. (Tenant on month to month at $4,100 per month) The city has put a lien on the property for "substandard workmanship". Property is being sold as is with no repairs, credits or warranty to it's condition. Offers need to be ALL CASH and a short close. Offers to be provided with proof of funds. No showings, property to be shown with accepted offer only. All offers to be received by 3pm Monday 1/23/2017. (No offers will be considered before this time.)

Last Agent to Sell the Property

Melanie Rudee

Douglas Elliman License #01152161 Listed on: 01/16/2017

Co-Listed By

Diane Sharp

Keller Williams Beverly Hills License #00879592

Last Buyer's Agent

Melanie Rudee

Douglas Elliman License #01152161 Listed on: 01/16/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,500

Year Built

  • Built in 1940

Lot Details

  • 5,495 Sq Ft Lot
  • Property is zoned LAR1

Home Design

  • Bungalow

Interior Spaces

  • 922 Sq Ft Home
  • 1-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4244-026-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,500

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 922
  • Probate: No
  • Stories: 1
  • Year Built: 1940
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 1408.89

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4244-026-026
  • Geocode Override: No
  • Lot Size Area: 5495

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2018
Sold by
Bellinger Patricia S
Bought by
Bellinger Patricia S and The Patricia S Bellinger Trust
Current Estimated Value
$3,992,278

Purchase Details

Listed on
Apr 26, 2018
Closed on
Jun 6, 2018
Sold by
1717 Glyndon Lp
Bought by
Bellinger Patricia S
Seller's Agent
Laurie Woolner
Campbell Wellman Properties
Buyer's Agent
David Kramer
Compass
List Price
$3,395,000
Sold Price
$3,375,000
Premium/Discount to List
-$20,000
-0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%

Purchase Details

Listed on
Jan 16, 2017
Closed on
Feb 8, 2017
Sold by
Ryan Bianca
Bought by
1717 Glyndon Lp
Seller's Agent
Melanie Rudee
Douglas Elliman
Buyer's Agent
Melanie Rudee
Douglas Elliman
List Price
$1,299,000
Sold Price
$1,355,000
Premium/Discount to List
$56,000
4.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
99.64%
Original Mortgage
$7,500,000
Interest Rate
4.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 25, 2000
Sold by
Ryan Bianca and Valentina Lisa Lopez Lasker Re
Bought by
Ryan Bianca and Bianca Ryan 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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $3,372,500 Fidelity Sherman Oaks
Grant Deed $1,355,000 Fidelity Sherman Oaks
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $7,500,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2018 06/11/18 Sold $3,375,000 -0.6% $1,119 / Sq Ft
05/27/2018 05/27/18 Pending -- -- --
04/26/2018 04/26/18 For Sale $3,395,000 +150.6% $1,125 / Sq Ft
02/14/2017 02/14/17 Sold $1,355,000 +4.3% $1,470 / Sq Ft
01/27/2017 01/27/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $1,299,000 -- $1,409 / 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 $45,500 $3,837,323 $1,635,285 $2,202,038
2024 $45,500 $3,762,082 $1,603,221 $2,158,861
2023 $44,608 $3,688,317 $1,571,786 $2,116,531
2022 $42,513 $3,615,998 $1,540,967 $2,075,031
2021 $42,005 $3,545,097 $1,510,752 $2,034,345
2020 $42,449 $3,508,748 $1,495,262 $2,013,486
2019 $40,734 $3,439,950 $1,465,944 $1,974,006
2018 $24,302 $2,017,100 $1,105,680 $911,420
2016 $2,391 $186,997 $132,794 $54,203
2015 $2,358 $184,189 $130,800 $53,389
2014 $2,376 $180,582 $128,238 $52,344
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-193554

The MLS

APN: 4244-026-026