NOT LISTED FOR SALE

Estimated Value: $3,249,000 - $3,830,000

3 Beds
2.5 Baths
2,493 Sq Ft
$1,392/Sq Ft Est. Value

Last Sold December 16, 2015

Last sale price $2,350,000 $943 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $21,677/month

19 Days on Market

Highlights

  • Heated In Ground Pool
  • Fireplace in Primary Bedroom
  • Spanish Architecture
  • John Marshall Senior High Rated A
  • Wood Flooring
  • Park or Greenbelt View

About This Home

As of December 2015

Pristine 1923 Spanish hacienda nestled on a private & walled/gated compound above los feliz blvd under the Griffith observatory on a quiet cul de sac, planted with mature specimen palms & art piece landscaping. Interiors are stunning in their simplicity w/great contrast of white plaster & rich ebony floors. Many paned windows & French doors flood the house w/sunlight & great flow to patios and balconies. Outdoor resort area w/exquisite swimmers pool for barbeques or lounging add serene beauty. Cook's kitchen w/Viking, center Italian espresso marble island w/ breakfast nook & custom lighting. Striking master suite w/fireplace, cross trussed beams, luxurious master with hotel shower & soaking tub all open to private terraces. Outside 3rd fireplace, covered private dining terraces & meandering paths. This is an estate of serenity, privacy, ideal for both personal retreat and landmark entertaining.

Last Agent to Sell the Property

Konstantine Valissarakos

Nourmand & Associates-HW License #01023114 Listed on: 09/24/2015

Co-Listed By

Sherri Rogers

Compass License #01420104

Last Buyer's Agent

Kate Blackwood

Compass License #01237139

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,191

Year Built

  • Built in 1923

Lot Details

  • 9,407 Sq Ft Lot
  • Property is zoned LARE11

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,493 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Park or Greenbelt Views
  • Security System Owned
  • Laundry Room

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • Spa Bath

Parking

  • Attached Garage
  • Side by Side Parking

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Zoned Cooling
  • Sewer in Street
  • Cable TV Available

Community Details

  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 5588-006-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,191

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 2493
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 45
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom, Patio
  • Flooring: Hardwood
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Cable, Dishwasher, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 869.23

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated
  • Pool: Yes
  • Spa: Bath Tub
  • Spa Yn: Yes
  • View: Green Belt
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Garage, Side By Side

Utilities

  • Cooling: Multi/Zone
  • Security: Owned
  • Sewer: In Street

Lot Info

  • Assessor Parcel Number: 5588-006-007
  • Geocode Override: No
  • Lot Size Area: 9407

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2015
Closed on
Oct 30, 2015
Sold by
Rago Margo Rita
Bought by
City National Bank and Edgemont Trust
Seller's Agent
Konstantine Valissarakos
Nourmand & Associates-HW
Buyer's Agent
Kate Blackwood
Compass
List Price
$2,167,000
Sold Price
$2,350,000
Premium/Discount to List
$183,000
8.44%
Current Estimated Value
$3,470,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,120,732
Avg. Annual Appreciation
4.13%
Original Mortgage
$1,527,500
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 11, 2004
Sold by
Good George Edwin
Bought by
Rago Margo Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2004
Sold by
Kremen Paul A and Sachs Claudia I
Bought by
Rago Margo Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2003
Sold by
Kremen Paul A
Bought by
Kremen Paul A and Sachs Claudia I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 9, 1993
Sold by
Scarsella Anthony J
Bought by
Kremen Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.62%
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
City National Bank $2,350,000 Fatcola Resale
Rago Margo Rita -- First American Title Company
Rago Margo Rita $1,387,500 First American Title Company
Kremen Paul A -- Fidelity National Title Co
Kremen Paul A $563,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open City National Bank $1,423,240
Previous Owner City National Bank $1,527,500
Previous Owner Rago Rita $344,000
Previous Owner Rago Margo Rita $820,000
Previous Owner Rago Rita $500,000
Previous Owner Rago Margo Rita $200,000
Previous Owner Rago Rita $100,000
Previous Owner Rago Margo Rita $712,500
Previous Owner Kremen Paul A $450,000
Previous Owner Kremen Paul A $413,000
Previous Owner Kremen Paul A $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2015 12/16/15 Sold $2,350,000 +8.4% $943 / Sq Ft
10/13/2015 10/13/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $2,167,000 -- $869 / 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 $33,191 $2,781,917 $1,776,285 $1,005,632
2024 $33,191 $2,727,370 $1,741,456 $985,914
2023 $32,542 $2,673,893 $1,707,310 $966,583
2022 $31,018 $2,621,465 $1,673,834 $947,631
2021 $30,649 $2,570,064 $1,641,014 $929,050
2019 $29,726 $2,493,837 $1,592,342 $901,495
2018 $29,644 $2,444,939 $1,561,120 $883,819
2016 $28,369 $2,350,000 $1,500,500 $849,500
2015 $20,024 $1,649,635 $1,082,217 $567,418
2014 $18,654 $1,500,000 $984,100 $515,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-944199

The MLS

APN: 5588-006-007