NOT LISTED FOR SALE

253 Rees St Playa Del Rey, CA 90293

Estimated Value: $3,322,000 - $4,159,000

5 Beds
4.5 Baths
3,269 Sq Ft
$1,141/Sq Ft Est. Value

Last Sold October 16, 2019

Last sale price $3,000,000 $918 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $22,866/month

47 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • Maid or Guest Quarters
  • Kentwood Elementary Rated A-
  • Garage Apartment
  • Wood Flooring

About This Home

As of October 2019

LOOKING FOR BACK UP! Exquisite Spanish Revival classic on prime Playa del Rey hilltop w/spectacular ocean, Marina & Malibu coastline views. This California classic was said to have been built in 1928 for the Guggenheim family on the coveted 'Palisades del Rey' ocean view bluff. Now it is being sold by the longterm 2nd owners. This grand home features 4 beds, den & 3.5 baths in main house + studio 'chauffeur's quarters' off garage. Features include artistic etched beamed ceilings, quarter-sawn oak parquet floors, grand & graceful archways, delightful Spanish tile detailing & dramatic picture windows framing breathtaking whitewater views. Spacious ocean view dining room, kitchen w/butler's pantry, circular breakfast room opening to shady front patio. Romantic master retreat w/whitewater, mountain & city lights views, sunroom/office, walk-in cedar closet & bright ocean view bath w/lovely vintage tiles. Ocean views from most rooms & deck. Architectural treasure overlooking Silicon Beach.

Last Agent to Sell the Property

Alice Plato

Coldwell Banker Realty License #01216340 Listed on: 06/14/2019

Coldwell Banker Realty

Last Buyer's Agent

Alice Plato

Coldwell Banker Realty License #01216340 Listed on: 06/14/2019

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1928

Lot Details

  • 7,789 Sq Ft Lot
  • Property is zoned LAR1

Property Views

  • Ocean
  • Bay
  • Mountain

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,269 Sq Ft Home
  • 2-Story Property
  • Bar
  • Wood Burning Fireplace
  • Formal Entry
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Office

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Wood
  • Wood Under Carpet
  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Garage Apartment
  • Driveway

Additional Features

  • Open Patio
  • Detached Guest House
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4116-014-004

Home Details

Home Type

Single Family

Year Built

Built in 1928

Lot Details

7,789 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 3269
  • Stories: 2
  • Year Built: 1928
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Wood Burning
  • Flooring: Hardwood, Parquet, Tile, Wood, Wood Under Carpet
  • Bedrooms: 5
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Eating Areas: Breakfast Room, Formal Dining Rm
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Equipment: Dryer, Garbage Disposal, Hood Fan, Range/Oven, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 916.18

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: Bay, Mountains, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Driveway - Concrete, Garage - 2 Car, Garage Is Detached, Private Garage
  • Total Parking: 4

Utilities

  • Heating: Forced Air

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4116-014-004
  • Geocode Override: No
  • Lot Size Area: 7789

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2020
Sold by
Mcguire John and Drablier Lauren
Bought by
Mcguire John Thomas
Current Estimated Value
$3,729,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,930,000
Outstanding Balance
$1,696,109
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$2,033,506

Purchase Details

Closed on
Aug 6, 2019
Sold by
Runyan Tevis
Bought by
Mcguire John and Drablier Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,550,000
Interest Rate
3.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcguire John Thomas -- Fidelity National Title Co
Mcguire John $3,000,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcguire John Thomas $1,930,000
Previous Owner Mcguire John $2,550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2019 10/16/19 Sold $3,000,000 +0.2% $918 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $2,995,000 -- $916 / Sq Ft
Source: The MLS

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 $38,974 $3,280,935 $2,351,337 $929,598
2024 $38,974 $3,216,604 $2,305,233 $911,371
2023 $38,212 $3,153,534 $2,260,033 $893,501
2022 $36,422 $3,091,701 $2,215,719 $875,982
2021 $35,981 $3,031,080 $2,172,274 $858,806
2019 $2,864 $213,587 $109,211 $104,376
2018 $2,768 $209,400 $107,070 $102,330
2016 $2,614 $201,270 $102,913 $98,357
2015 $2,578 $198,248 $101,368 $96,880
2014 $2,596 $194,366 $99,383 $94,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-477072

The MLS

APN: 4116-014-004

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