NOT LISTED FOR SALE

Estimated Value: $1,987,000 - $2,429,000

3 Beds
3.5 Baths
3,468 Sq Ft
$649/Sq Ft Est. Value

Last Sold February 23, 2016

Last sale price $1,142,000 $329 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $13,056/month

7 Days on Market

Highlights

  • Art Studio
  • Spa
  • City View
  • Franklin Avenue Elementary Rated A-
  • Sauna
  • Open Floorplan

About This Home

As of February 2016

This Franklin Hills custom live/work architectural home features 3,468 sq. ft. of sun-drenched living space, 3 beds and 4 baths, an open floor plan, multiple balconies, great storage and 2-car direct access garage. The big bonus for work at home creative professionals is the multi-room office/media room/studio/bar and lounge for entertaining. Cooks kitchen with fireplace leading to step down dining room & dramatic hillside views. 3 bedrooms upstairs and the Master bedroom features a fireplace, balcony with Western exposure & huge walk-in closet. A spa style master bathroom with cedar wood dry sauna and Jacuzzi. Enjoy true California outdoor living while entertaining on three decks surrounded by tranquil landscaping and a Zen fountain. Property is gated, secure and private. Close proximity to the hustle and bustle of Los Feliz, Silver Lake, Griffith Park, Downtown L.A., Hollywood and all major freeways.

Last Agent to Sell the Property

Brian Ades

Sotheby's International Realty License #01347985 Listed on: 01/03/2016

Sotheby's International Realty

Last Buyer's Agent

Ed Faktorovich

Figure 8 Realty License #01401897

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1989

Lot Details

  • 3,084 Sq Ft Lot
  • West Facing Home
  • Privacy Fence
  • Wood Fence
  • Sprinklers on Timer
  • Hillside Location
  • Property is zoned LAR1

Parking

  • 2 Car Garage

Property Views

  • City
  • Canyon
  • Hills

Home Design

  • Modern Architecture
  • Split Level Home
  • Turnkey
  • Stucco

Interior Spaces

  • 3,468 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Dual Staircase
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Entryway
  • Family Room
  • Sunken Living Room
  • Dining Room
  • Den
  • Library
  • Bonus Room
  • Art Studio
  • Sound Studio
  • Craft Room
  • Atrium Room
  • Storage
  • Sauna

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • In-Law or Guest Suite
  • Hydromassage or Jetted Bathtub
  • Spa Bath
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Leased
  • Intercom

Outdoor Features

  • Spa
  • Living Room Balcony
  • Deck
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Multi-Tank Hot Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5430-014-012

Home Details

Home Type

Single Family

Year Built

Built in 1989

Lot Details

3,084 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 3468
  • Stories: 3
  • Year Built: 1989
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases, Bar, Built-Ins, Intercom, Living Room Balcony, Open Floor Plan, Pre-wired for high speed Data, Pre-wired for surround sound, Recessed Lighting, Storage Space, Sunken Living Room, Turnkey
  • Fireplace Rooms: Kitchen, Master Bedroom
  • Flooring: Carpet, Hardwood, Mixed, Tile
  • Appliances: Built-In Gas, Built-Ins, Cooktop - Gas, Microwave, Oven-Gas
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: None
  • One Quarter Bathrooms: 1
  • Bathroom Features: Linen Closet, Tile, Tub With Jets
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Tile Counters
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 4.00
  • Equipment: Alarm System, Built-Ins, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Intercom, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 331.31

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Fence: Privacy, Wood
  • Patio: Deck(s), Living Room Balcony
  • Pool: No
  • Spa: Bath Tub
  • Spa Yn: Yes
  • View: Canyon, City, Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Volt 220: 220V Throughout
  • Water Heater: Multi-Tank
  • Cooling: Central
  • Heating: Central
  • Security: Leased
  • Sewer: In Street
  • Water: In Street

Lot Info

  • Sprinklers: Sprinkler System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 5430-014-012
  • Geocode Override: No
  • Lot Description: Single Lot
  • Lot Location: Hillside
  • Lot Size Area: 3084

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2016
Closed on
Feb 5, 2016
Sold by
Gallitano Paula
Bought by
Neujahr Andrew and Neujahr Dana
Seller's Agent
Brian Ades
Sotheby's International Realty
Buyer's Agent
Ed Faktorovich
Figure 8 Realty
List Price
$1,149,000
Sold Price
$1,142,000
Premium/Discount to List
-$7,000
-0.61%
Current Estimated Value
$2,250,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,108,499
Avg. Annual Appreciation
6.98%
Original Mortgage
$625,500
Outstanding Balance
$498,961
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$1,751,538

Purchase Details

Closed on
Nov 1, 2010
Sold by
Mason Konda
Bought by
Gallitano Paula

Purchase Details

Closed on
Dec 13, 2004
Sold by
Gallitano Paula
Bought by
Gallitano Paula and Mason Konda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 1998
Sold by
Morris Jeff
Bought by
Gallitano Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,200
Interest Rate
7.11%

Purchase Details

Closed on
Jun 20, 1994
Sold by
Ross Kay C
Bought by
Morris Jeffrey William and Morris Beth
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
Neujahr Andrew $1,142,000 Equity Title Company
Gallitano Paula -- None Available
Gallitano Paula -- First American Title Co La
Gallitano Paula $384,000 Progressive Title Company
Morris Jeffrey William $80,000 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neujahr Andrew $625,500
Previous Owner Gallitano Paula $497,000
Previous Owner Gallitano Paula $307,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2016 02/23/16 Sold $1,142,000 -0.6% $329 / Sq Ft
01/03/2016 01/03/16 For Sale $1,149,000 0.0% $331 / Sq Ft
08/08/2014 08/08/14 Rented $6,000 -7.7% --
08/04/2014 08/04/14 Under Contract -- -- --
06/03/2014 06/03/14 For Rent $6,500 0.0% --
10/21/2013 10/21/13 Rented $6,500 0.0% --
10/21/2013 10/21/13 Under Contract -- -- --
10/03/2013 10/03/13 For Rent $6,500 -- --
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 $16,146 $1,351,887 $855,052 $496,835
2024 $16,146 $1,325,381 $838,287 $487,094
2023 $15,830 $1,299,394 $821,850 $477,544
2022 $15,088 $1,273,917 $805,736 $468,181
2021 $14,890 $1,248,939 $789,938 $459,001
2019 $14,439 $1,211,897 $766,509 $445,388
2018 $14,385 $1,188,135 $751,480 $436,655
2016 $6,276 $516,598 $229,299 $287,299
2015 $6,184 $508,839 $225,855 $282,984
2014 $6,206 $498,872 $221,431 $277,441
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-967893

The MLS

APN: 5430-014-012

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