NOT LISTED FOR SALE

Estimated Value: $2,941,000 - $4,375,592

4 Beds
2 Baths
1,516 Sq Ft
$2,217/Sq Ft Est. Value

Last Sold April 06, 2015

Last sale price $1,583,000 $1,044 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $20,924/month

4 Days on Market

Highlights

  • Wood Flooring
  • Ground Level Unit
  • Lawn
  • Grant Elementary School Rated A+
  • Granite Countertops
  • Cottage

About This Home

As of April 2015

These amazing side by side charming cottages are redone, enjoy lots of light, oak hardwood floors, recessed lighting and large grassy backyards w/mature trees, dining areas & outdoor shower to wash off the surf. Backyard is a dream come true for any dog, kid, or al fresco dinner party. Front yard is beautifully landscaped w/new wood fence and one parking space. At the rear of the property, completely separate from both cottages is a large studio w/pitched roof, separate office w/washer/dryer hookups, oversized one car garage & carport space, both w/ direct access to the backyard. Walkind distance to Grant Elementary, Clover Park (best park in Santa Monica), Bob's Market, Thyme Cafe, Cafe Bolivar, and SM Yoga. 2010 Oak will be delivered vacant and 2012 Oak currently rents for $2,350 per month and includes it's own private backyard with direct access to parking. An owner occupied duplex has rent control exemptions that allow for full use of property(check w/ City of SM). Must See!

Last Agent to Sell the Property

Stacey Valnes

Create License #00989680 Listed on: 03/16/2015

Co-Listed By

Heather Bell

The Agency License #01897826

Last Buyer's Agent

Stacey Valnes

Create License #00989680 Listed on: 03/16/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,359

Year Built

  • Built in 1937 | Remodeled

Lot Details

  • 7,010 Sq Ft Lot
  • North Facing Home
  • Fenced Yard
  • Landscaped
  • Lawn
  • Front Yard

Home Design

  • Duplex
  • Cottage
  • Turnkey
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Living Room
  • Home Office

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Studio bedroom
  • 2 Bathrooms
  • Bathtub with Shower

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • Driveway

Outdoor Features

  • Front Porch

Location

  • Ground Level Unit
  • City Lot

Utilities

  • Window Unit Cooling System
  • Floor Furnace

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4272-002-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,359

Year Built

Built in 1937 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Cottage
  • Levels: Ground Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level w/steps
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1937
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Recessed Lighting, Turnkey
  • Flooring: Hardwood, Tile
  • Appliances: Built-In Gas, Cooktop - Gas, Oven
  • Bedrooms: 4
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Attached
  • Bathroom Features: Shower Over Tub
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters, Open to Family Room
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Refrigerator

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Patio: Porch, Porch - Front
  • Pool: No
  • Roof: Shingle
  • View: No

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 1
  • Parking Garage: Driveway, Garage
  • Total Parking: 3

Utilities

  • Cooling: Window Unit(s)
  • Heating: Floor Furnace

Lot Info

  • Assessor Parcel Number: 4272-002-016
  • Geocode Override: No
  • Lot Description: Fenced Yard, Front Yard, Landscaped, Lawn, Single Lot, Yard
  • Lot Location: City, Park Nearby
  • Lot Size Area: 7010

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2018
Sold by
Chasen Arnold and Chasen Nancy
Bought by
Chasen Arnold and Chasen Nancy
Current Estimated Value
$3,360,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 24, 2016
Sold by
Chasen Arnold and Chasen Family Living Trust
Bought by
Chasen Alexandria

Purchase Details

Closed on
Aug 10, 2015
Sold by
Willowstream Exchange Company Llc
Bought by
The Chasen Family Trust

Purchase Details

Listed on
Mar 16, 2015
Closed on
Mar 25, 2015
Sold by
Shrake Mark C
Bought by
Willowstream Exchange Company Llc
Seller's Agent
Stacey Valnes
Create
Buyer's Agent
Stacey Valnes
Create
List Price
$1,495,000
Sold Price
$1,583,000
Premium/Discount to List
$88,000
5.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.51%

Purchase Details

Listed on
Mar 16, 2015
Closed on
Mar 24, 2015
Sold by
Shrake Ann
Bought by
Shrake Marc J
Seller's Agent
Stacey Valnes
Create
Buyer's Agent
Stacey Valnes
Create
List Price
$1,495,000
Sold Price
$1,583,000
Premium/Discount to List
$88,000
5.89%

Purchase Details

Closed on
Jul 12, 2005
Sold by
Shaw Matthew A
Bought by
Shrake Marc J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2005
Sold by
Montes Xochitl A
Bought by
Shaw Matthew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2004
Sold by
Shaw Matt Adam
Bought by
Shaw Matthew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 9, 2002
Sold by
Sharaga Brian
Bought by
Sharaga Jeannine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
7.15%

Purchase Details

Closed on
Dec 28, 2001
Sold by
Gilbert Bruce A and Gilbert Marjorie A
Bought by
Shaw Matt Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
7.15%

Purchase Details

Closed on
Dec 22, 1998
Sold by
Mildred Y Pritchard Trust and Marjorie A
Bought by
Gilbert Bruce A and Gilbert Marjorie A

Purchase Details

Closed on
Aug 11, 1998
Sold by
Brittain Joseph W
Bought by
Gilbert Marjorie A and Mildred Y Pritchard Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Chasen Arnold -- Orange Coast Title
Chasen Alexandria -- None Available
The Chasen Family Trust -- None Available
Willowstream Exchange Company Llc $1,583,000 Fidelity National Title Co
Shrake Marc J -- Fidelity National Title Co
Shrake Marc J $1,395,000 Equity Title Company
Shaw Matthew A -- Equity Title Company
Shaw Matthew A -- Chicago Title
Sharaga Jeannine B -- Fidelity Title
Shaw Matt Adam $435,000 Fidelity Title
Gilbert Bruce A -- --
Gilbert Marjorie A $37,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chasen Arnold $1,590,000
Previous Owner Chasen Arnold $1,050,000
Previous Owner Shrake Marc J $1,000,000
Previous Owner Shaw Matthew A $250,000
Previous Owner Shaw Matthew A $265,000
Previous Owner Shaw Matt Adam $588,750
Previous Owner Shaw Matt Adam $100,000
Previous Owner Shaw Matt Adam $472,500
Previous Owner Shaw Matt Adam $348,000
Closed Shaw Matt Adam $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2015 04/06/15 Sold $1,583,000 +5.9% $1,044 / Sq Ft
03/20/2015 03/20/15 Pending -- -- --
03/16/2015 03/16/15 For Sale $1,495,000 -- $986 / 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 $31,359 $2,679,115 $1,420,552 $1,258,563
2024 $31,359 $2,626,585 $1,392,699 $1,233,886
2023 $30,860 $2,575,085 $1,365,392 $1,209,693
2022 $30,484 $2,524,594 $1,338,620 $1,185,974
2021 $29,734 $2,475,093 $1,312,373 $1,162,720
2020 $29,531 $2,449,715 $1,298,917 $1,150,798
2019 $20,398 $1,666,095 $1,273,449 $392,646
2018 $19,172 $1,633,428 $1,248,480 $384,948
2016 $18,893 $1,606,124 $1,123,881 $482,243
2015 $15,230 $1,288,833 $1,074,029 $214,804
2014 $15,018 $1,263,588 $1,052,991 $210,597
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 15-887387

The MLS

APN: 4272-002-016