NOT LISTED FOR SALE

Estimated Value: $6,901,000 - $10,179,000

5 Beds
7 Baths
4,319 Sq Ft
$1,968/Sq Ft Est. Value

Last Sold October 18, 2016

Last sale price $7,385,000 $1,710 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $55,324/month

154 Days on Market

Highlights

  • White Water Ocean Views
  • Beach Access
  • Fireplace in Primary Bedroom
  • Opal Robinson Elementary School Rated A
  • Primary Bedroom Suite
  • No HOA

About This Home

As of October 2016

Breathtaking New home on a highly desirable south Manhattan Beach Walkstreet with panoramic ocean views from PV to Malibu including white water and the Pier from the entire top floor. This innovative design is beach living at it’s best with indoor and outdoor spaces that work together. The third level will take your breath away with spectacular design and views. Designed for entertaining and enjoying outdoors. The kitchen and living room feature Fleetwood "glass walls" that easily slide open to gigantic decks for entertaining featuring beautiful wood ceilings, fully integrated outdoor heaters.

Ideally located in a quiet neighborhood in the highly desirable South Manhattan Beach. Some of the advantages are the close walk to the beach, short walk to restaurants & shops and 2016 Gold Ribbon Robinson School. Nestled in the heart of a social family neighborhood. It’s hard to beat this location. 4,319 sqft of living space, 901 sqft of deck and covered outdoor space for a total of indoor out door space of 5,220 sqft. 5 bedroom suites, and two powder rooms.

Last Agent to Sell the Property

Ray Joseph

Radius Agent Realty License #01397157 Listed on: 02/23/2016

Radius Agent Realty

Last Buyer's Agent

Bryn Stroyke

Bayside License #00855690

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • 2,717 Sq Ft Lot

Parking

  • 3 Car Attached Garage

Property Views

  • White Water Ocean
  • Catalina
  • Panoramic

Interior Spaces

  • 4,319 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Walk-In Pantry

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Beach Access
  • Balcony
  • Exterior Lighting

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 73
  • Assessor Parcel Number 4180025017

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4180025017
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4319.00
  • Interior Amenities: Balcony, Elevator
  • Stories: 3
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Three Or More
  • Price Per Square Foot: 1709.89
  • Room Type: Living Room, Master Suite, Walk-In Pantry, Separate Family Room

Exterior Features

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

Garage/Parking

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

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 2717.00
  • Price Per Lot Square Foot: 2796.83
  • Lot Size Acres: 0.0620

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2717.0000 Square Feet
  • Waterfront Features: Beach Access

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 73

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2016
Sold by
Luxury Builders Llc
Bought by
Otto Gary Conrad and Otto Hanna Lee
Current Estimated Value
$9,095,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,310,000
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 26, 2013
Sold by
Kassabian Dikran V
Bought by
Luxury Builders Llc

Purchase Details

Closed on
May 24, 2013
Sold by
Atlas B Llc
Bought by
Kassabian Dikran and Kassabian Andrea C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2013
Sold by
Weinsheink Jerry
Bought by
Atlas B Llc

Purchase Details

Closed on
Jan 31, 2011
Sold by
Weinsheink Jerry
Bought by
Weinsheink Jerry and Cherney Marianne P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$934,200
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2002
Sold by
Weinsheink Jerome R
Bought by
Weinsheink Jerome R and Cherney Marianne P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,500
Interest Rate
5.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Otto Gary Conrad $7,310,000 Usa National Title Co
Luxury Builders Llc -- None Available
Kassabian Dikran $2,725,027 Usa National Title Company
Atlas B Llc -- None Available
Weinsheink Jerry -- Ticor Title Co
Weinsheink Jerome R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Otto Gary Conrad $7,310,000
Previous Owner Kassabian Dikran $1,500,000
Previous Owner Weinsheink Jerry $934,200
Previous Owner Weinsheink Jerome R $384,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2016 10/18/16 Sold $7,385,000 -2.8% $1,710 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
06/25/2016 06/25/16 Price Changed $7,599,000 -5.0% $1,759 / Sq Ft
04/25/2016 04/25/16 Price Changed $7,995,000 -11.2% $1,851 / Sq Ft
02/23/2016 02/23/16 For Sale $9,000,000 -- $2,084 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $93,732 $8,483,879 $4,212,924 $4,270,955
2024 $93,732 $8,317,529 $4,130,318 $4,187,211
2023 $91,397 $8,154,441 $4,049,332 $4,105,109
2022 $89,796 $7,994,551 $3,969,934 $4,024,617
2021 $88,066 $7,837,796 $3,892,093 $3,945,703
2019 $85,669 $7,605,324 $3,776,652 $3,828,672
2018 $84,051 $7,456,200 $3,702,600 $3,753,600
2017 $82,242 $7,310,000 $3,630,000 $3,680,000
2016 $31,218 $2,821,831 $2,459,394 $362,437
2015 $30,569 $2,779,445 $2,422,452 $356,993
2014 $30,134 $2,725,000 $2,375,000 $350,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16037814

California Regional Multiple Listing Service (CRMLS)

APN: 4180-025-017