NOT LISTED FOR SALE

Edgewater Towers 17368 W Sunset Blvd Unit 304 Pacific Palisades, CA 90272

Estimated Value: $607,000 - $797,785

1 Bed
1 Bath
697 Sq Ft
$1,381/mo HOA Fee

Last Sold January 27, 2022

Last sale price $870,000 $1,248 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $6,172/month

135 Days on Market

Highlights

  • Fitness Center
  • Heated In Ground Pool
  • View of Trees or Woods
  • 24-Hour Security
  • Gated Parking
  • 4.68 Acre Lot

About This Home

As of January 2022

Rarely available is this remodeled sexy 1 bedroom residence at the coveted Edgewater Towers, a resort-like 9-acre community sited on a bluff above Sunset Surf Break. Masterfully designed with head on 180 degree ocean and white water views, this units features include an open floor plan kitchen with stainless steel appliances and Caesarstone counter tops, a breakfast bar, beautiful oak lipizzan wood floors, Italian tile, rain shower, custom closets, new windows, central HVAC with a LG smart thermostat system, custom LED lighting, and VIEWS, VIEWS, VIEWS! Community amenities include a guard-gated entrance, 2 ocean view pools/spas, gym, tennis, basketball, bbq & picnic areas, hiking trails & gardens that overlook the beach. HOA dues cover Earthquake Insurance and most utilities including high-speed internet & the unparalleled grounds offer views of the Queen's Necklace, coastline, ocean, & city lights. A must see residence that is fit for the most discerning buyers.

Last Agent to Sell the Property

David Lukan

Compass License #01873011 Listed on: 08/28/2021

Compass

Co-Listed By

Christopher Texeira

Compass License #01988205

Last Buyer's Agent

Geoffrey Martin

Compass License #01313514

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,971

Year Built

  • Built in 1963

Lot Details

  • 4.68

HOA Fees

  • $1,381 Monthly HOA Fees

Property Views

  • Woods
  • Bluff
  • Canyon

Interior Spaces

  • 697 Sq Ft Home
  • Living Room
  • Wood Flooring
  • Security Lights
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Garage
  • Gated Parking
  • Guest Parking
  • Parking Garage Space

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Additional Features

  • Basketball Court
  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4415-018-033

Community Details

Overview

  • 144 Units
  • 8-Story Property

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Meeting Room
  • Card Room
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Community Basketball Court
  • Sport Court
  • Fitness Center
  • Community Spa
  • Hiking Trails

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,971

Year Built

Built in 1963

Lot Details

0

HOA Fees

$1,381 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: Edgewater Towers
  • Entry Floor: 3
  • Living Area: 697
  • Lot Acreage: 4.6808
  • Planned Urban Dev: 1
  • Probate: No
  • Stories: 8
  • Unit Floor In Building: 3
  • Year Built: 1963
  • Number Of Photos: 36
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, Laundry Area, Room
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Hood Fan, Refrigerator, Range/Oven
  • Price Per S Q F T: 1255.38

Exterior Features

  • Tennis Court: Basketball, Community, Sport Court, NE/SW
  • Tennis Court Y/N: Yes
  • Pool Description: Association Pool, Heated, In Ground, Community
  • Pool: Yes
  • Spa: Association Spa, Community, Heated, In Ground, Hot Tub
  • Spa Yn: Yes
  • View: Bluff, Canyon, Trees/Woods
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage, Garage
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: 24 Hour, Carbon Monoxide Detector(s), Gated, Gated Community with Guard, Exterior Security Lights, Card/Code Access, Fire and Smoke Detection System, Smoke Detector

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Basketball Court, Clubhouse, Card Room, Controlled Access, Elevator, Exercise Room, Extra Storage, Fitness Center, Gated Community, Gated Community Guard, Guest Parking, Hiking Trails, Meeting Room, Paddle Tennis, Outdoor Cooking Area, Pool, Picnic Area, Gated Parking, Hot Water, Onsite Property Management, Assoc Pet Rules
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 1381.41
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4415-018-033
  • Lot Size Area: 203897

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 144

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2021
Closed on
Jan 24, 2022
Sold by
Shayan Motamedi
Bought by
Schmid Kurt M
Seller's Agent
David Lukan
Compass
Buyer's Agent
Geoffrey Martin
Compass
List Price
$875,000
Sold Price
$870,000
Premium/Discount to List
-$5,000
-0.57%
Current Estimated Value
$701,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$168,072
Avg. Annual Appreciation
-5.63%

Purchase Details

Listed on
Oct 20, 2014
Closed on
Jan 5, 2015
Sold by
Patel Neeraj and Patel Nandita
Bought by
Motamedl Shayan
Seller's Agent
Chad Lurtsema
The CMLgroup, Inc.
Buyer's Agent
Chad Lurtsema
The CMLgroup, Inc.
List Price
$799,000
Sold Price
$700,000
Premium/Discount to List
-$99,000
-12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.17%
Original Mortgage
$455,000
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 26, 2005
Sold by
Goodman Korn Monika
Bought by
Patel Neeraj and Patel Nandita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.9%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 13, 2002
Sold by
Goodman Korn Monika and The Monika Goodman Korn Trust
Bought by
Goodman Korn Monika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.53%

Purchase Details

Closed on
Dec 1, 2001
Sold by
Goodman Korn Monika B
Bought by
Goodman Korn Monika and The Monika Goodman Korn Living

Purchase Details

Closed on
Dec 13, 1999
Sold by
Page Jerry A and Page Nora
Bought by
Goodman Korn Monika B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,750
Interest Rate
7.82%
Mortgage Type
Stand Alone First
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
Schmid Kurt M $870,000 Chicago Title
Motamedl Shayan $700,000 California Title Company
Patel Neeraj $494,000 --
Goodman Korn Monika -- First American Title Ins Co
Goodman Korn Monika -- --
Goodman Korn Monika B $193,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Motamedi Shayan $590,000
Previous Owner Motamedi Shayan $585,750
Previous Owner Motamedi Shyan $39,050
Previous Owner Motamedi Shayan $160,000
Previous Owner Motamedi Shayan $416,000
Previous Owner Motamedl Shayan $455,000
Previous Owner Patel Neeraj $115,000
Previous Owner Patel Neeraj $325,000
Previous Owner Goodman Korn Monika $47,561
Previous Owner Goodman Korn Monika $225,000
Previous Owner Goodman Korn Monika B $192,000
Previous Owner Goodman Korn Monika B $144,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2022 01/27/22 Sold $870,000 -0.6% $1,248 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
01/05/2022 01/05/22 Price Changed $875,000 0.0% $1,255 / Sq Ft
01/05/2022 01/05/22 For Sale $875,000 -1.1% $1,255 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
10/11/2021 10/11/21 Price Changed $885,000 -1.6% $1,270 / Sq Ft
09/10/2021 09/10/21 For Sale $899,000 +3.3% $1,290 / Sq Ft
08/29/2021 08/29/21 Off Market $870,000 -- --
08/28/2021 08/28/21 For Sale $899,000 +3.3% $1,290 / Sq Ft
07/26/2021 07/26/21 Off Market $870,000 -- --
02/12/2015 02/12/15 Sold $700,000 -6.5% $1,004 / Sq Ft
11/24/2014 11/24/14 Price Changed $749,000 -6.3% $1,075 / Sq Ft
10/20/2014 10/20/14 For Sale $799,000 0.0% $1,146 / Sq Ft
08/05/2014 08/05/14 Rented $4,750 +5.7% --
08/05/2014 08/05/14 Under Contract -- -- --
07/24/2014 07/24/14 For Rent $4,495 -- --
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 $10,971 $897,304 $167,140 $730,164
2024 $10,971 $905,148 $182,070 $723,078
2023 $10,759 $887,400 $178,500 $708,900
2022 $9,274 $792,762 $396,381 $396,381
2021 $9,159 $777,218 $388,609 $388,609
2019 $8,880 $754,168 $377,084 $377,084
2018 $8,852 $739,382 $369,691 $369,691
2016 $8,469 $710,674 $355,337 $355,337
2015 $4,063 $334,000 $291,000 $43,000
2014 $4,164 $334,000 $291,000 $43,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-754690

The MLS

APN: 4415-018-033