NOT LISTED FOR SALE

Estimated Value: $1,502,000 - $1,820,000

2 Beds
2 Baths
988 Sq Ft
$1,688/Sq Ft Est. Value

Sale Details

Date Sold: July 17, 2024

Last sale price $1,508,500 $1,527 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,073 / mo

40 Days on Market

Highlights

  • Detached Guest House
  • Engineered Wood Flooring
  • Breakfast Area or Nook
  • Venice High School Rated A
  • No HOA
  • Laundry Room

About This Home

As of July 2024

This 1923 Spanish bungalow with a detached guest house packs the charm, Venice-style. First time on the market in nearly 30 years, this sweet 2 bedroom/1 bath bungalow with a detached guest house in a quiet pocket of Venice has been lovingly and meticulously maintained while still retaining the original character with built-in dining room, hallway and kitchen cabinetry and casement windows that flank the wood-burning fireplace (see remarks) which open out to the garden, allowing the alluring tropical scents of Venice to waft in. The fully gated, low-maintenance front yard has three orange trees and plenty of room to carve out lounge and entertaining areas, plus a spacious shaded front porch. Original built-ins throughout provide sought-after storage. The spacious kitchen and back bedroom share a wood deck that steps out to the private backyard with a lemon, fig and pink orchid tree with room to create another entertaining area, your dream garden or whatever your heart desires. In addition, there is a studio guest house, complete with a kitchenette and a 3/4 bath that was previously rented out on Airbnb. The long driveway/carport can park three smaller cars or 2 1/2 big cars. There are splits in the living room and one bedroom of the main house which effectively cool the whole house on the hottest days. The roomy kitchen comes with a refrigerator, stove and dishwasher, and beyond that, a washer and dryer. The sewer line was replaced from house to street connection. Copper plumbing in main house. Main house roof, mini-splits and water heater are approx. two years old. Foundation has been bolted. Move in and live comfortably as-is, remodel, or investigate the development potential. Whatever your needs, this could be the one! Walk to Superba and Zinque on Lincoln, or, with summer around the corner, hop on your bike and head toward the beach. Your Venice lifestyle begins at 2031 Penmar Avenue! Property sold as-is.

Last Agent to Sell the Property

Kelly Brumfield

Berkshire Hathaway HomeServices California Properties License #01179328 Listed on: 05/16/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Adam Janeiro

City Living Realty License #01429011

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1923

Lot Details

  • 4,467 Sq Ft Lot
  • East Facing Home
  • Wrought Iron Fence
  • Property is zoned LARD3

Home Design

  • Bungalow
  • Raised Foundation
  • Quake Bracing
  • Stucco

Interior Spaces

  • 988 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Dishwasher

Flooring

  • Engineered Wood
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Parking

  • 2 Parking Spaces
  • Carport
  • Driveway

Additional Homes

  • Detached Guest House

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Property is located within a water district

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4242-008-031

Home Details

Home Type

Single Family

Year Built

Built in 1923

Lot Details

4,467 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 988
  • Lot Acreage: 0.1025
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Wood Burning
  • Flooring: Hardwood, Linoleum, Ceramic Tile, Engineered Hardwood
  • Appliances: Oven
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Dining Area
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Inclusions: Dishwasher, Stove/Oven, Refrigerator, Washer and Dryer
  • Price Per S Q F T: 1594.13

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: GuestHouse
  • Foundation Details: Raised, Quake Bracing
  • Fence: Wrought Iron
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Carport
  • Total Parking: 2

Utilities

  • Cooling: Multi/Zone
  • Heating: Forced Air
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 4242-008-031
  • Lot Size Area: 4467

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jul 10, 2024
Sold by
Hill Charles C
Bought by
Marsh Daniel Burke and Marsh Katie Christine
Seller's Agent
Kelly Brumfield
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Adam Janeiro
City Living Realty
List Price
$1,600,000
Sold Price
$1,508,500
Premium/Discount to List
-$91,500
-5.72%
Views
23
Current Estimated Value
$1,667,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,415
Avg. Annual Appreciation
5.91%
Original Mortgage
$1,206,400
Outstanding Balance
$1,191,991
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$475,924

Purchase Details

Closed on
Dec 2, 1996
Sold by
Brennan Denis J and Brennan Mary C
Bought by
Hill Charles C and Hill Victoria B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.76%

Purchase Details

Closed on
Apr 28, 1994
Sold by
Brennan Denis Joseph and Brennan Mary Cope
Bought by
Brennan Denis J and Brennan Mary Cope

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
8.3%
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
Marsh Daniel Burke $1,508,500 California Title Company
Hill Charles C $170,000 Equity Title Company
Brennan Denis J -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marsh Daniel Burke $1,206,400
Previous Owner Hill Charles C $136,000
Previous Owner Brennan Denis J $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2024 07/17/24 Sold $1,508,500 -4.2% $1,527 / Sq Ft
06/25/2024 06/25/24 Pending -- -- --
06/08/2024 06/08/24 Price Changed $1,575,000 -1.6% $1,594 / Sq Ft
05/16/2024 05/16/24 For Sale $1,600,000 -- $1,619 / Sq Ft
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 $3,491 $1,508,500 $1,449,400 $59,100
2024 $3,491 $271,422 $217,147 $54,275
2023 $3,430 $266,101 $212,890 $53,211
2022 $3,279 $260,884 $208,716 $52,168
2021 $3,234 $255,770 $204,624 $51,146
2019 $3,141 $248,185 $198,555 $49,630
2018 $3,080 $243,319 $194,662 $48,657
2016 $2,942 $233,872 $187,104 $46,768
2015 $2,901 $230,360 $184,294 $46,066
2014 $2,920 $225,848 $180,684 $45,164
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-393125

The MLS

APN: 4242-008-031

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