NOT LISTED FOR SALE

2507 Panorama Terrace Los Angeles, CA 90039

Estimated Value: $1,953,000 - $2,101,957

3 Beds
2 Baths
1,695 Sq Ft
$1,206/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $1,775,000 $1,047 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $13,335/month

13 Days on Market

Highlights

  • City Lights View
  • Traditional Architecture
  • Wood Flooring
  • Ivanhoe Elementary Rated A-
  • Outdoor Fireplace
  • Main Floor Primary Bedroom

About This Home

As of May 2021

The stage has been set for this 1937 Spanish beauty that is a true toast to LA style living. Nestled in the prime Moreno Highlands area of Silver Lake, this rare 3-bedroom 2-bathroom property boasts magnificent city & mountain views. With a dash of vintage elegance & a touch of refined beauty, this incredible home has maintained its original architectural characteristics. Make your way through its private front entrance & be welcomed by a gorgeous front courtyard that gives you the feeling of a vacation retreat. Its interior features include: a main level master bedroom w/private master bath, lovely formal living room & dining room w/views, French doors for indoor-outdoor living, updated kitchen w/custom crackle paint cabinets, vintage O'Keefe & Merritt stove, granite counter-tops & custom built-in sitting area, & a huge private balcony deck w/views & custom shades. The downstairs area offers 2 guest bedrooms w/ private bath, spacious bonus areas for a workshop or storage, & an additional private entrance for potential rental use. The exterior grounds are truly an entertainer’s delight. Offering complete privacy, its lush & serene landscaping have been maintained to perfection. Boasting multiple patio areas, walkways, & lounging spaces, each area of the property gives the feeling of a "secret garden" at every turn. Located in the Ivanhoe Elementary school district, this home is also only minutes away from the Reservoir & Meadows, Sunset Junction, Square One, & Speranza.

Last Agent to Sell the Property

Casey Gordon

Rodeo Realty License #01880153 Listed on: 04/02/2021

Rodeo Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,895

Year Built

  • Built in 1937

Lot Details

  • 6,923 Sq Ft Lot
  • Landscaped
  • Rectangular Lot
  • Lot Sloped Down
  • Lawn
  • Garden
  • Back Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Parking Available

Property Views

  • City Lights
  • Mountain
  • Hills
  • Neighborhood

Home Design

  • Traditional Architecture
  • Spanish Architecture
  • Shingle Roof

Interior Spaces

  • 1,695 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Entryway
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Workshop
  • Storage

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Gas Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Fireplace in Patio
  • Outdoor Fireplace
  • Terrace
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 216
  • Tax Tract Number 8423
  • Assessor Parcel Number 5432007001

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,895

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Other Phone Description: 805-750-9804
  • Other Phone Number: 805-405-6198
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: LAR1
  • Architectural Style: Spanish, Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5432007001
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1695.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, Living Room Deck Attached, Recessed Lighting, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Living Room, Outside, Patio, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1047.20
  • Room Type: Entry, Galley Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Workshop
  • Bathroom Features: Bathtub, Shower, Granite Counters, Walk-In Shower
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • View: City Lights, Hills, Mountain(s), Neighborhood
  • Patio And Porch Features: Brick, Covered, Deck, Patio, Patio Open, Terrace
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Sloped Down, Garden, Landscaped, Lawn, Rectangular Lot
  • Lot Size Sq Ft: 6923.00
  • Lot Size Acres: 0.1589

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6923.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1951.00
  • Tax Lot: 216
  • Tax Tract Number: 8423

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Apr 19, 2021
Sold by
Longo Stephen John and Longo Susan Elizabeth
Bought by
Maas Marissa
Seller's Agent
Casey Gordon
Rodeo Realty
List Price
$1,595,000
Sold Price
$1,775,000
Premium/Discount to List
$180,000
11.29%
Current Estimated Value
$2,087,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,119
Avg. Annual Appreciation
3.40%
Original Mortgage
$1,331,250
Outstanding Balance
$1,209,006
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$835,983

Purchase Details

Closed on
May 5, 1997
Sold by
Dye Michael D
Bought by
Longo Stephen John and Longo Susan Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,800
Interest Rate
8.15%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Maas Marissa $1,775,000 Progressive Title Company
Longo Stephen John $326,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maas Marissa $1,331,250
Previous Owner Longo Stephen John $200,000
Previous Owner Longo Stephen John $181,300
Previous Owner Longo Stephen John $188,000
Previous Owner Longo Stephen John $188,549
Previous Owner Longo Stephen John $200,000
Previous Owner Longo Stephen John $270,000
Previous Owner Longo Stephen John $273,000
Previous Owner Longo Stephen John $273,000
Previous Owner Longo Stephen John $275,000
Previous Owner Longo Stephen John $80,000
Previous Owner Longo Stephen John $71,000
Previous Owner Longo Stephen John $292,000
Previous Owner Longo Stephen John $292,000
Previous Owner Longo Stephen John $260,800
Previous Owner Longo Stephen John $32,500
Previous Owner Longo Stephen John $260,800
Closed Longo Stephen John $32,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2021 05/17/21 Sold $1,775,000 +11.3% $1,047 / Sq Ft
04/02/2021 04/02/21 For Sale $1,595,000 -- $941 / 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 $22,895 $1,921,315 $1,537,053 $384,262
2024 $22,895 $1,883,643 $1,506,915 $376,728
2023 $22,447 $1,846,710 $1,477,368 $369,342
2022 $21,393 $1,810,500 $1,448,400 $362,100
2021 $5,960 $490,502 $345,312 $145,190
2020 $6,017 $485,474 $341,772 $143,702
2019 $5,782 $475,956 $335,071 $140,885
2018 $5,738 $466,624 $328,501 $138,123
2016 $5,473 $448,506 $315,746 $132,760
2015 $5,394 $441,770 $311,004 $130,766
2014 $5,416 $433,117 $304,912 $128,205
Source: Public Records

Agents Affiliated with this Home

  • Casey Gordon

    Seller's Agent in 2021

    Casey Gordon

    Rodeo Realty

    (805) 750-9804

    1 in this area

    124 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21067941

California Regional Multiple Listing Service (CRMLS)

APN: 5432-007-001

California Los Angeles County Los Angeles 90039

2507 Panorama Terrace, Los Angeles, CA

This home is located at 2507 Panorama Terrace, Los Angeles, CA 90039 since 02 April 2021 and is currently estimated at $2,044,989, approximately $1,206 per square foot. This property was built in 1937. 2507 Panorama Terrace is a home located in Los Angeles County with nearby schools including Ivanhoe Elementary, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes