NOT LISTED FOR SALE

Estimated Value: $8,068,000 - $9,468,000

5 Beds
5 Baths
4,260 Sq Ft
$2,021/Sq Ft Est. Value

Last Sold May 12, 2022

Last sale price $8,000,000 $1,878 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $51,660/month

12 Days on Market

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • Main Floor Primary Bedroom
  • Grand View Elementary School Rated A
  • Fireplace in Primary Bedroom Retreat
  • Bonus Room

About This Home

As of May 2022

This timeless Santa Barbara style beauty is located within close proximity of Downtown Manhattan Beach and is just two blocks from The Strand along a gas lamp lined walk-street. Accordion doors frame up show-stopping views of the ocean and the Santa Monica mountains to the north from the open concept upper level living room. Gorgeous vaulted wood beam ceilings carry the classic California coastal design through the main entertaining areas. Step up into the expansive chef’s kitchen that centers around a massive island and flows effortlessly on into the more casual family room which enjoys south facing PV hill and ocean views.

The kitchen features a full suite of high end appliances from the GE Monogram series, to SubZero, Viking and Perlick. Warming drawers, a prep sink, dual dishwashers, Perlick freezer drawers and a custom pantry wall complete the ultimate functionality of this ideal workspace. Skylights flood the area with abundant natural light. The family room centers around a cozy fireplace while enjoying views of the ocean beyond, and there is a bonus built-in home office area as well as a guest powder room.

The primary bedroom suite is located on the main entry level of the home and enjoys a private fireplace and deck, as well as a luxury bath retreat with separate jetted soaking tub and walk-in shower. The laundry room is conveniently located on the same level as the main bedrooms. A 3-stop elevator can assist with delivery of bulk items and groceries throughout the entire home. Two additional bedroom suites are found on the main entry level and they share a joint balconette.

The beach level opens to a large walk-street patio off of the beach room which flows to the 5th bedroom (currently being used as a home office). A large wet bar is close at hand and is ideal for entertaining. A 3/4 bath and a private guest bedroom are also found on this level, along with direct access to the 3-car garage. Step right out from the beach level living area onto the walk-street and you’re within just a few blocks of world class surf as well as all the thriving community activity found in Downtown Manhattan Beach!

Last Agent to Sell the Property

Bryn Stroyke

Bayside License #00855690 Listed on: 03/31/2022

Last Buyer's Agent

Andrew Weir

Bayside License #01988668

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 2,709 Sq Ft Lot
  • Property is zoned MNRM

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Panoramic

Interior Spaces

  • 4,260 Sq Ft Home
  • Entryway
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Home Office
  • Bonus Room
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • 5 Full Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 8 / 5
  • Tax Tract Number 6174
  • Assessor Parcel Number 4178008009
  • $2,221 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

2,709 Sq Ft Lot

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: MNRM
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4178008009
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4260.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Living Room, Master Retreat
  • Levels: Three Or More
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1877.93
  • Room Type: Bonus Room, Entry, Family Room, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Office, Walk-In Closet

Exterior Features

  • View: Ocean, Panoramic, Water
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 2709.00
  • Lot Size Acres: 0.0622

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2709.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 6203.05
  • Tax Lot: 8
  • Tax Tract Number: 6174
  • TaxOtherAnnualAssessmentAmount: 2221.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
Apr 18, 2022
Sold by
Robert Ni And Elizabeth D Schoeben Trust
Bought by
Korsh Family Trust
Seller's Agent
Bryn Stroyke
Bayside
Buyer's Agent
Andrew Weir
Bayside
List Price
$8,200,000
Sold Price
$8,000,000
Premium/Discount to List
-$200,000
-2.44%
Current Estimated Value
$8,494,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$494,433
Avg. Annual Appreciation
1.98%

Purchase Details

Closed on
Jul 28, 2017
Sold by
Chilldog Properties Llc
Bought by
Schoeben Robert M and Schoeben Elizabeth D

Purchase Details

Closed on
May 12, 2010
Sold by
Lowe Derek
Bought by
Chilldog Properties Llc

Purchase Details

Closed on
Jul 10, 2007
Sold by
Lowe Mary K
Bought by
Lowe Derek

Purchase Details

Closed on
Jul 5, 2006
Sold by
Rick Farnham Development Inc
Bought by
Lowe Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,750,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2005
Sold by
Paltz Robert S and The Robert E Paltz Trust
Bought by
Rick Farnham Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
5.53%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 23, 1994
Sold by
Paltz Robert E
Bought by
Paltz Robert E and Robert E Paltz Trust
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
Korsh Family Trust $8,000,000 Lawyers Title
Schoeben Robert M -- None Available
Chilldog Properties Llc $3,900,000 Usa National Title Company
Lowe Derek -- None Available
Lowe Derek $5,000,000 Lawyers Title Company
Rick Farnham Development Inc $2,000,000 Lawyers Title Company
Paltz Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lowe Derek $3,750,000
Previous Owner Rick Farnham Development Inc $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2022 05/12/22 Sold $8,000,000 -2.4% $1,878 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $8,200,000 -- $1,925 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $95,326 $8,489,664 $6,367,248 $2,122,416
2024 $95,326 $8,323,200 $6,242,400 $2,080,800
2023 $92,998 $8,160,000 $6,120,000 $2,040,000
2022 $55,080 $4,743,848 $3,040,930 $1,702,918
2021 $54,057 $4,650,832 $2,981,304 $1,669,528
2019 $52,676 $4,512,888 $2,892,878 $1,620,010
2018 $51,723 $4,424,401 $2,836,155 $1,588,246
2016 $48,748 $4,252,598 $2,726,025 $1,526,573
2015 $47,768 $4,188,721 $2,685,078 $1,503,643
2014 $47,096 $4,106,671 $2,632,482 $1,474,189
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22064698

California Regional Multiple Listing Service (CRMLS)

APN: 4178-008-009

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