NOT LISTED FOR SALE

Estimated Value: $1,609,000 - $2,656,372

4 Beds
3 Baths
1,748 Sq Ft
$1,311/Sq Ft Est. Value

Last Sold May 23, 2019

Last sale price $2,450,000 $1,402 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $14,846/month

67 Days on Market

Highlights

  • 3 Car Attached Garage
  • Built-In Features
  • Central Heating
  • Venice High School Rated A
  • Air Conditioning
  • 4-minute walk to Windward Plaza

About This Home

As of May 2019

Ultimate Venice Beach living! Designer finished craftsman transformed into a modern retreat! Private courtyard entrance with over sized deck featuring a full wall of sliding glass doors, for divine indoor-outdoor experience! Main house features 2 bedrooms, 2 baths, with a cozy loft! Stunning designer finished baths, fireplace, gourmet kitchen, European oak flooring, Brand new central air & heat! Additional Beautiful brick courtyard adds privacy and delineates the front house from the additional 1 bedroom 1 bath unit, above the 3 car garage! Located on one of the best walk streets in Venice, steps to the BEACH! Delivered vacant. Buyer to cooperate with sellers 1031 exchange at no cost to the buyer. Front house is appx 1,280 SF, back unit appx 469 SF. Buyer is advised to independently verify accuracy of all information through professional inspection with appropriate professional ** Broker/ agent does not guarantee accuracy of square footage, lot size, zoning, rent control, permits, et

Last Agent to Sell the Property

Ian Brooks

Berkshire Hathaway HomeServices California Properties License #00954065 Listed on: 03/11/2019

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Ian Brooks

Berkshire Hathaway HomeServices California Properties License #00954065 Listed on: 03/11/2019

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,326

Year Built

  • Built in 1906

Lot Details

  • 2,641 Sq Ft Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 1,748 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Air Conditioning
  • Central Heating
  • Cable TV Available

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-012-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,326

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1748
  • Lot Dimensions: A.0.0606
  • Probate: No
  • Stories: 2
  • Year Built: 1906
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Cable
  • Price Per S Q F T: 1516.02

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Attached
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 222440
  • Assessed Land Value: 1117776
  • Assessor Parcel Number: 4226-012-009
  • Geocode Override: No
  • Lot Size Area: 2641

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2019
Closed on
May 6, 2019
Sold by
Burroughs Scott Alan
Bought by
Richter Kurt Stefan and Green Jennifer Ellen
Seller's Agent
Ian Brooks
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Ian Brooks
Berkshire Hathaway HomeServices California Properties
List Price
$3,000,000
Sold Price
$2,450,000
Premium/Discount to List
-$550,000
-18.33%
Current Estimated Value
$2,292,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$157,907
Avg. Annual Appreciation
-1.04%
Original Mortgage
$1,729,000
Outstanding Balance
$1,513,934
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$778,159

Purchase Details

Closed on
Feb 26, 2010
Sold by
Random Melanie Hope and Estate Of Katherine Random
Bought by
Burroughs Scott Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$903,750
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 1998
Sold by
Banjavic Ronald J
Bought by
Hope Ingersoll Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7%
Mortgage Type
Stand Alone First
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
Richter Kurt Stefan $2,450,000 Stewart Title Company
Burroughs Scott Alan $1,205,000 Lawyers Title Company
Random Melanie Hope -- Lawyers Title Company
Hope Ingersoll Foundation $525,000 California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richter Kurt Stefan $1,729,000
Previous Owner Burroughs Scott Alan $903,750
Previous Owner Hope Ingersoll Foundation $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2019 05/23/19 Sold $2,450,000 -7.5% $1,402 / Sq Ft
05/17/2019 05/17/19 Pending -- -- --
03/25/2019 03/25/19 Price Changed $2,650,000 -11.7% $1,516 / Sq Ft
03/11/2019 03/11/19 For Sale $3,000,000 -- $1,716 / 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 $32,326 $2,733,017 $2,621,467 $111,550
2024 $32,326 $2,679,429 $2,570,066 $109,363
2023 $31,776 $2,626,892 $2,519,673 $107,219
2022 $30,284 $2,575,385 $2,470,268 $105,117
2021 $29,924 $2,524,888 $2,421,832 $103,056
2020 $30,240 $2,499,000 $2,397,000 $102,000
2019 $12,626 $1,394,358 $1,162,933 $231,425
2018 $16,545 $1,367,019 $1,140,131 $226,888
2016 $15,829 $1,313,938 $1,095,859 $218,079
2015 $15,595 $1,294,203 $1,079,399 $214,804
2014 $15,648 $1,268,853 $1,058,256 $210,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-441548

The MLS

APN: 4226-012-009