NOT LISTED FOR SALE

2903 Ocean Front Walk Venice, CA 90291

Venice Neighborhood

Estimated Value: $4,698,473 - $5,580,000

1 Bed
4 Baths
3,600 Sq Ft
$1,428/Sq Ft Est. Value

Last Sold November 13, 2012

Last sale price $4,000,000 $1,111 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $31,823/month

13 Days on Market

Highlights

  • Ocean View
  • Attached Garage
  • Laundry Room
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Built-In Features
  • Concrete Flooring

About This Home

As of November 2012

Marmol Radziner construction; Completed in 2008 and situated on a large corner lot with rare walkstreet side yard, this home encompasses the finest in architectural living and entertaining. Sliding glass walls surround the open living plan, with unsurpassed views of the Pacific Ocean and Santa Monica Mountains. Living room, eat-in kitchen, large pantry and media area complete the main level. Ride the elevator to the 4th story master suite perched high above the sand with its own wrap around balcony offering 360 degree views. The mezzanine loft serves as an office or alternate sleeping area with a full bathroom and is engineered to be extended to create a full 3rd story if desired. The lower level includes laundry room, oversized 2 car garage and large storage room. Custom cabinets and built-ins, radiant heated floors throughout, CAT 5 wiring, custom speakers inside and out with A/V equipment included. Truly a rare opportunity.

Last Agent to Sell the Property

Coleman Eisner

Berkshire Hathaway HomeServices California Properties License #01326482 Listed on: 09/20/2012

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Coleman Eisner

Berkshire Hathaway HomeServices California Properties License #01326482 Listed on: 09/20/2012

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,439

Year Built

  • Built in 2008

Lot Details

  • 2,617 Sq Ft Lot
  • Property is zoned LARD1.5

Parking

  • Attached Garage

Property Views

  • Ocean
  • Mountain

Home Design

  • Composition Roof

Interior Spaces

  • 3,600 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Built-In Features
  • Concrete Flooring
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Radiant Heating System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4226-022-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,439

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 3600
  • Stories: 4
  • Year Built: 2008
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Cement
  • Bedrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Elevator, Freezer, Garbage Disposal, Hood Fan, Microwave, Network Wire, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1166.67

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition
  • View: Mountains, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached

Utilities

  • Heating: Radiant
  • Sewer: In Street

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4226-022-001
  • Lot Size Area: 2617

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2013
Sold by
Pechter Jeffrey S
Bought by
Towers West Llc
Current Estimated Value
$5,139,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Outstanding Balance
$1,807,835
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$3,331,402

Purchase Details

Listed on
Sep 20, 2012
Closed on
Nov 8, 2012
Sold by
Kim Christine Yoon
Bought by
Epstein Buddy
Seller's Agent
Coleman Eisner
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Coleman Eisner
Berkshire Hathaway HomeServices California Properties
List Price
$4,200,000
Sold Price
$4,000,000
Premium/Discount to List
-$200,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.95%
Original Mortgage
$2,000,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2012
Closed on
Oct 10, 2012
Sold by
Epstein Buddy
Bought by
Pechter Jeffrey S
Seller's Agent
Coleman Eisner
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Coleman Eisner
Berkshire Hathaway HomeServices California Properties
List Price
$4,200,000
Sold Price
$4,000,000
Premium/Discount to List
-$200,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2001
Sold by
Keane William P and Keane Susan Wilson
Bought by
Epstein Buddy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.5%
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
Towers West Llc -- Lawyers Title
Epstein Buddy -- Lawyers Title La
Pechter Jeffrey S $4,000,000 Lawyers Title La
Epstein Buddy $700,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Towers West Llc $2,500,000
Previous Owner Pechter Jeffrey S $2,000,000
Previous Owner Epstein Buddy $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2012 11/13/12 Sold $4,000,000 -4.8% $1,111 / Sq Ft
10/03/2012 10/03/12 Pending -- -- --
09/20/2012 09/20/12 For Sale $4,200,000 -- $1,167 / 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 $58,439 $4,925,704 $3,694,281 $1,231,423
2024 $58,439 $4,829,123 $3,621,845 $1,207,278
2023 $57,293 $4,734,435 $3,550,829 $1,183,606
2022 $54,604 $4,641,604 $3,481,205 $1,160,399
2021 $53,956 $4,550,594 $3,412,947 $1,137,647
2019 $52,325 $4,415,622 $3,311,718 $1,103,904
2018 $52,196 $4,329,042 $3,246,783 $1,082,259
2016 $49,961 $4,160,942 $3,120,707 $1,040,235
2015 $49,222 $4,098,442 $3,073,832 $1,024,610
2014 $49,348 $4,018,160 $3,013,620 $1,004,540
Source: Public Records

Agents Affiliated with this Home

  • Coleman Eisner

    Seller's Agent in 2012

    Coleman Eisner

    Berkshire Hathaway HomeServices California Properties

    (310) 963-0363

    3 in this area

    18 Total Sales

    Coleman Eisner
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Map

Source: The MLS

MLS Number: 12-625519

The MLS

APN: 4226-022-001

California Los Angeles County Venice 90291 Venice

2903 Ocean Front Walk, Venice, CA

This home is located at 2903 Ocean Front Walk, Venice, CA 90291 since 20 September 2012 and is currently estimated at $5,139,237, approximately $1,427 per square foot. This property was built in 2008. 2903 Ocean Front Walk is a home located in Los Angeles County with nearby schools including Coeur D'Alene Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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