NOT LISTED FOR SALE

Estimated Value: $3,626,000 - $6,098,000

4 Beds
5 Baths
4,064 Sq Ft
$1,102/Sq Ft Est. Value

Last Sold April 10, 2015

Last sale price $3,100,000 $763 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $27,580/month

25 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Two Primary Bedrooms
  • Attached Guest House
  • In Ground Pool
  • Contemporary Architecture

About This Home

As of April 2015

Live amongst the gods in Mount Olympus! Grand contemporary 4BR/ 5BA home with an office and a guesthouse situated at the top of Mount Olympus at the end of a quiet cul-de-sac. An entertainer's delight featuring a Great Room with 20' soaring ceilings, hardwood floors, elegant fireplace and large Palladian windows looking onto endless city, canyon and ocean views. Formal dining room, gourmet eat in chef's kitchen with custom wood cabinets, granite countertops, large center island and top of the line Viking appliances including a full height wine chiller as well as a Miele expresso maker. Two master suites, each with sitting room, luxurious bath and balcony; one master bedroom has been converted into a state-of-the-art home theater with Crestron touch pad controls. Lush landscaped gardens surround resort style pool with spa and waterfalls. The perfect retreat for a celebrity or entertainment exec - it doesn't get any better than this!

Last Agent to Sell the Property

Judy Ross-Bunnage

Coldwell Banker Realty License #00862428 Listed on: 02/05/2015

Last Buyer's Agent

Nima Tehrany

Compass License #01305628

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,610

Year Built

  • Built in 1972

Lot Details

  • 0.33 Acre Lot
  • Property is zoned LARE15

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • City Lights
  • Canyon

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,064 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Gas Fireplace
  • Entryway
  • Great Room with Fireplace
  • Dining Area
  • Home Theater
  • Den
  • Utility Room
  • Security System Owned

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Open Patio
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Water Purifier

Additional Features

  • Solar Heating System
  • Attached Guest House

Listing and Financial Details

  • Assessor Parcel Number 5565-019-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,610

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary Mediterranean
  • Street Number Display: Yes
  • Living Area: 4064
  • Stories: 2
  • Year Built: 1972
  • Number Of Photos: 44
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas, Great Room
  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 5
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Ceiling Fan, Dishwasher, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Water Filter
  • Fireplace: Yes
  • Price Per S Q F T: 810.78

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Attached
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Canyon, City Lights, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Garage Is Attached
  • Total Parking: 2

Utilities

  • Cooling: Central, Multi/Zone
  • Heating: Central, Solar, Zoned
  • Security: Owned

Lot Info

  • Assessor Parcel Number: 5565-019-012
  • Geocode Override: No
  • Lot Size Area: 14577

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2020
Sold by
Marhabi Pedram A and Marhabi Sharareh Shafighi
Bought by
Marhabi Pedram A and Marhabi Sharareh Shafighi
Current Estimated Value
$4,478,644

Purchase Details

Listed on
Feb 5, 2015
Closed on
Mar 2, 2015
Sold by
Peli Oren
Bought by
Marhabi Pedram and Marhabi Sharareh Shafighi
Seller's Agent
Judy Ross-Bunnage
Coldwell Banker Realty
Buyer's Agent
Nima Tehrany
Compass
List Price
$3,295,000
Sold Price
$3,100,000
Premium/Discount to List
-$195,000
-5.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$2,480,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 21, 2013
Sold by
Peli Oren
Bought by
Peli Oren and Oren Peli Revocable 2013 Trust

Purchase Details

Closed on
May 20, 2010
Sold by
Lythgoe Nigel and Lythgoe Bonnie
Bought by
Lythgoe Nigel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,725,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2010
Sold by
Lythgoe Nigel
Bought by
Peli Oren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,725,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2003
Sold by
Lythgoe Nigel
Bought by
Lythgoe Nigel

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
6%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 24, 2003
Sold by
Izaac Louisa and The Louisa & Izaac Izaac Famil
Bought by
Lythgoe Nigel

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
6%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 22, 1997
Sold by
Izaac Louisa
Bought by
Izaac Izaac J

Purchase Details

Closed on
Oct 14, 1997
Sold by
Izaac Izaac
Bought by
Izaac Louisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.49%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 25, 1997
Sold by
Walgrove International Corp
Bought by
Izaac Louisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.49%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 6, 1996
Sold by
Kim Leonard W J
Bought by
Walgrove International Corp
Source: Public Records

Range of Values:

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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
Marhabi Pedram A -- None Available
Marhabi Pedram $3,100,000 Fatcola
Peli Oren -- None Available
Lythgoe Nigel -- Lawyers Title
Peli Oren -- Lawyers Title
Lythgoe Nigel -- Investors Title Company
Lythgoe Nigel -- Investors Title Company
Lythgoe Nigel $1,400,000 Investors Title Company
Izaac Izaac J -- --
Izaac Louisa -- Old Republic Title Company
Izaac Louisa -- Old Republic Title Company
Walgrove International Corp $740,000 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedram And Sharareh Marhabi Tr $2,500,000
Closed Marhabi Pedram A $2,500,000
Closed Marhabi Pedram $2,427,500
Closed Marhabi Pedram $2,440,000
Closed Marhabi Pedram A $2,485,000
Closed Marhabi Pedram $2,480,000
Previous Owner Peli Oren $1,100,000
Previous Owner Peli Oren $1,600,000
Previous Owner Peli Oren $1,725,000
Previous Owner Lythgoe Nigel $940,000
Previous Owner Lythgoe Nigel $1,000,000
Previous Owner Izaac Louisa $260,000
Previous Owner Izaac Louisa $200,000
Previous Owner Izaac Louisa $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2015 04/10/15 Sold $3,100,000 -5.9% $763 / Sq Ft
03/02/2015 03/02/15 Pending -- -- --
02/05/2015 02/05/15 For Sale $3,295,000 -- $811 / 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 $44,610 $3,725,724 $2,103,833 $1,621,891
2024 $44,610 $3,652,672 $2,062,582 $1,590,090
2023 $43,744 $3,581,052 $2,022,140 $1,558,912
2022 $41,733 $3,510,837 $1,982,491 $1,528,346
2021 $41,230 $3,441,998 $1,943,619 $1,498,379
2019 $39,927 $3,339,908 $1,885,971 $1,453,937
2018 $39,746 $3,274,421 $1,848,992 $1,425,429
2016 $37,997 $3,147,274 $1,777,195 $1,370,079
2015 $29,932 $2,470,269 $806,381 $1,663,888
2014 $30,018 $2,421,881 $790,586 $1,631,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-877167

The MLS

APN: 5565-019-012