$2,550,000
SOLD APR 28, 2023
2 Beds
1 Bath
1,791 Sq Ft
9,663 Sq Ft Lot

Recently Sold

$1,424 Per Sq Ft

21% Above List Price

14 Days on Market

Highlights

  • City Lights View
  • Property is near public transit
  • Wood Flooring
  • Overland Avenue Elementary School Rated A
  • Living Room with Fireplace
  • Spanish Architecture

About This Home

As of March 2024

A great opportunity to create your own Shangri-La on this huge, mainly flat lot of nearly 10,000 s.f. in a choice Cheviot Hills location! This AS-IS Spanish style home features a huge living room w/large fireplace and a rich exposed wood beam ceiling. All main rooms have hardwood floors, some exposed as in the formal dining room. The cozy den with fireplace features rich wood paneling, as well as an exposed wood beam ceiling. This home further features 2 bedrooms, 2 and a large, bright family room with views of garden and city. A second story would likely offer a tremendous ocean and city view. Rancho Park Golf Course is only a block away and restaurants and transportation are within easy walking distance. Truly a lovely family and walking area. This is the property you have been waiting for.....

Last Agent to Sell the Property

Margareta Saperston

Compass License #00473673 Listed on: 03/15/2023

Compass

Last Buyer's Agent

Joe LaCroix

Keller Williams Beverly Hills License #01248586

Keller Williams Beverly Hills

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,664

Year Built

  • Built in 1927

Lot Details

  • 9,663 Sq Ft Lot
  • Lot Dimensions are 74x123
  • South Facing Home
  • Fenced Yard
  • Partially Fenced Property
  • Lawn
  • Back and Front Yard
  • Value in Land
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Spanish Architecture
  • Fixer Upper
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,791 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Drapes & Rods
  • Sliding Doors
  • Entryway
  • Separate Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Den with Fireplace
  • Utility Room
  • City Lights Views
  • Partial Basement

Kitchen

  • Breakfast Area or Nook
  • Gas Cooktop

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Covered patio or porch
  • Rain Gutters

Location

  • Ground Level Unit
  • Property is near public transit
  • City Lot

Utilities

  • Floor Furnace
  • Gas Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4318-016-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,664

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: Ground Level
  • Street Number Display: No
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Main Level
  • Living Area: 1791
  • Lot Acreage: 0.2218
  • Lot Dimensions: 74x123
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Value Mainly In Land, Fixer
  • Stories: 1
  • Year Built: 1927
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Basement - Partial
  • Number Of Remote Controls: 1
  • Fireplace Rooms: Den, Living Room, Decorative
  • Flooring: Carpet, Hardwood, Mixed
  • Appliances: Free Standing Gas, Cooktop - Gas
  • Bedrooms: 2
  • Fireplaces: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Over Tub, Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Breakfast Area, Formal Dining Rm
  • Laundry: Laundry Area, Room
  • Total Bathrooms: 1.00
  • Den: 1
  • Equipment: Dryer, Gas Or Electric Dryer Hookup, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1172.00
  • Windows: Drapes/Curtains

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Features: Sliding Glass Doors, Service Entrance, Rain Gutters
  • Other Structures: None
  • Tennis Court Y/N: No
  • Fence: Partial
  • Patio: Patio Open, Covered Porch
  • Pool: No
  • Roof: Asphalt, Tile
  • Spa Yn: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Door Opener, Driveway, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Heating: Floor Furnace
  • Sewer: In Street
  • Water: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4318-016-004
  • Lot Description: Back Yard, Curbs, Fenced Yard, Front Yard, Lawn, Yard, Value In Land, Street Paved, Street Lighting, Single Lot, Sidewalks
  • Lot Location: City, Near Public Transit
  • Lot Size Area: 9663

Rental Info

  • Land Lease Purchase Yn: No

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2024
Sold by
Perub and Viswanath
Bought by
Viswanath Purab and Viswanath Ritu
Current Estimated Value
$2,611,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,645,000
Outstanding Balance
$1,631,606
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$1,018,463

Purchase Details

Listed on
Dec 2, 2023
Closed on
Jan 25, 2024
Sold by
Mugar Matthew and Mugar Danielle
Bought by
Viswanath Perub and Viswanath Ritu
Seller's Agent
Joe LaCroix
Keller Williams Beverly Hills
Buyer's Agent
Joe LaCroix
Keller Williams Beverly Hills
List Price
$2,595,000
Sold Price
$2,337,000
Premium/Discount to List
-$258,000
-9.94%
Views
149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.61%
Original Mortgage
$400,000
Interest Rate
6.69%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Mar 15, 2023
Closed on
Apr 18, 2023
Sold by
Diane Schoolar Trust
Bought by
Mugar Matthew and Mugar Daniella
Seller's Agent
Margareta Saperston
Compass
Buyer's Agent
Joe LaCroix
Keller Williams Beverly Hills
List Price
$2,100,000
Sold Price
$2,550,000
Premium/Discount to List
$450,000
21.43%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.54%

Purchase Details

Closed on
Sep 17, 2020
Sold by
Schoolar Diane
Bought by
Schoolar Diane

Purchase Details

Closed on
Feb 5, 2010
Sold by
Schoolar Rosalind and The Schoolar Family Trust
Bought by
Schoolar Rosalind and The Schoolar Family Trust

Purchase Details

Closed on
May 14, 1996
Sold by
Schoolar Douglas H and Schoolar Rosalind C
Bought by
Schoolar Douglas and Schoolar Rosalind
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Provident Title Company
Grant Deed $2,350,000 Clearmark Title
Grant Deed $2,550,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,645,000 New Conventional
Previous Owner $400,000 Seller Take Back
Previous Owner $1,300,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2024 03/12/24 Sold $2,337,000 -2.4% $1,305 / Sq Ft
01/21/2024 01/21/24 Pending -- -- --
01/08/2024 01/08/24 Price Changed $2,395,000 -7.7% $1,337 / Sq Ft
12/02/2023 12/02/23 For Sale $2,595,000 +1.8% $1,449 / Sq Ft
04/28/2023 04/28/23 Sold $2,550,000 +21.4% $1,424 / Sq Ft
03/29/2023 03/29/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $2,100,000 -- $1,173 / 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
2024 $31,664 $2,601,000 $2,080,800 $520,200
2023 $1,935 $129,645 $106,016 $23,629
2022 $1,863 $127,104 $103,938 $23,166
2021 $1,828 $124,612 $101,900 $22,712
2020 $1,839 $123,336 $100,856 $22,480
2019 $1,782 $120,919 $98,879 $22,040
2018 $1,709 $118,549 $96,941 $21,608
2016 $1,623 $113,948 $93,178 $20,770
2015 $1,603 $112,238 $91,779 $20,459
2014 $1,619 $110,041 $89,982 $20,059
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-251199

The MLS

APN: 4318-016-004