NOT LISTED FOR SALE

242 Market St Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,391,020 - $3,043,000

3 Beds
2.5 Baths
2,300 Sq Ft
$1,206/Sq Ft Est. Value

Last Sold July 11, 2012

Last sale price $1,320,000 $574 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $17,135/month

264 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Home Office
  • Venice High School Rated A
  • Sun or Florida Room
  • 3 Car Detached Garage

About This Home

As of July 2012

BOM subject to cancellation of escrow. This 1900's charmer is a Venice gem. It has been lovingly refurbished and upgraded keeping all of it original warmth and character. Spacious open living room with a fireplace and a sun room with built in window seat, a large bright dining room with built in china cabinets and high ceilings. Kitchen has new cabinets, new counter tops, new lighting, has been newly painted with, a high end Kitchen-Aid refrigerator and dishwasher, 1/2 bath off the kitchen leading out the side door. On the second level a nice size master BR with walk-in closet, 2 additional BR's, plus 2 baths that have been fully renovated. The new 2 car garage with office/studio above was newly built in 2007. It is a large open space, 1/2 bath and spiral staircase leading to a loft with Cat 5 E internet wiring and rented for $875 mo. There are oak floors in the main house and the office/studio along with a tankless water heater. Upgraded electrical and all copper plumbing. House 18

Last Agent to Sell the Property

Joni Rountree

Estate Properties License #940576 Listed on: 09/17/2011

Last Buyer's Agent

Peter Mullins

PETER D MULLINS License #00973691

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,288

Year Built

  • Built in 1912

Lot Details

  • 2,850 Sq Ft Lot
  • Property is zoned LARD1.5

Interior Spaces

  • 2,300 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Sun or Florida Room
  • Wood Flooring
  • Property Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2.5 Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Uncovered Parking

Additional Features

  • Open Patio
  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number 4238-013-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,288

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Living Area: 2300
  • Stories: 2
  • Year Built: 1912
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Mixed
  • Bedrooms: 3
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 2.50
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 606.52

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Yes

Garage/Parking

  • Parking Garage: Detached, Door Opener, Garage, Uncovered
  • Total Parking: 3

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessor Parcel Number: 4238-013-026
  • Lot Size Area: 2850

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2011
Closed on
Jun 15, 2012
Sold by
Albanese James Michael and Albanese Virginia
Bought by
Bangs Richard J and Hubber Laura
Seller's Agent
Joni Rountree
Estate Properties
Buyer's Agent
Peter Mullins
PETER D MULLINS
List Price
$1,395,000
Sold Price
$1,320,000
Premium/Discount to List
-$75,000
-5.38%
Current Estimated Value
$2,836,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,516,117
Avg. Annual Appreciation
5.84%
Original Mortgage
$450,000
Outstanding Balance
$312,178
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$2,461,077

Purchase Details

Closed on
Oct 22, 2009
Sold by
Albanese James Michael and Albanese Virginia
Bought by
Albanese James Michael and Albanese Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$601,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 1998
Sold by
Cunha Joanne
Bought by
Albanese Michael and Albanese Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,700
Interest Rate
7.17%
Source: Public Records

Range of Values:

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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
Bangs Richard J $1,320,000 Progressive Title Company
Albanese James Michael -- Chicago Title Company
Albanese Michael $485,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bangs Richard J $450,000
Previous Owner Albanese James Michael $601,000
Previous Owner Albanese Michael $250,000
Previous Owner Albanese Michael $363,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2012 07/11/12 Sold $1,320,000 -5.4% $574 / Sq Ft
06/07/2012 06/07/12 Pending -- -- --
05/23/2012 05/23/12 For Sale $1,395,000 0.0% $607 / Sq Ft
03/04/2012 03/04/12 Pending -- -- --
03/01/2012 03/01/12 Price Changed $1,395,000 -3.8% $607 / Sq Ft
01/22/2012 01/22/12 Price Changed $1,450,000 -2.4% $630 / Sq Ft
10/19/2011 10/19/11 Price Changed $1,485,000 -2.6% $646 / Sq Ft
09/17/2011 09/17/11 For Sale $1,525,000 -- $663 / 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 $19,288 $1,625,473 $1,126,996 $498,477
2024 $19,288 $1,593,602 $1,104,899 $488,703
2023 $18,912 $1,562,356 $1,083,235 $479,121
2022 $18,027 $1,531,723 $1,061,996 $469,727
2021 $17,805 $1,501,690 $1,041,173 $460,517
2019 $17,266 $1,457,151 $1,010,293 $446,858
2018 $17,194 $1,428,581 $990,484 $438,097
2016 $16,446 $1,373,109 $952,023 $421,086
2015 $16,202 $1,352,484 $937,723 $414,761
2014 $16,250 $1,325,992 $919,355 $406,637
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Joni Rountree

    RE/MAX

  • Peter Mullins

    Buyer's Agent in 2012

    Peter Mullins

    PETER D MULLINS

    (310) 882-0758

    1 in this area

    20 Total Sales

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Map

Source: The MLS

MLS Number: 11-554877

The MLS

APN: 4238-013-026

California Los Angeles County Venice 90291 Venice

242 Market St, Venice, CA

This home is located at 242 Market St, Venice, CA 90291 since 17 September 2011 and is currently estimated at $2,773,255, approximately $1,205 per square foot. This property was built in 1912. 242 Market St is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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