NOT LISTED FOR SALE

Estimated Value: $1,158,000 - $1,365,000

3 Beds
2.5 Baths
1,423 Sq Ft
$385/mo HOA Fee

Last Sold April 10, 2019

Last sale price $975,000 $685 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $8,558/month

9 Days on Market

Highlights

  • Unit is on the top floor
  • Automatic Gate
  • Contemporary Architecture
  • McKinley Elementary School Rated A
  • 21,153 Sq Ft lot
  • Covered patio or porch

About This Home

As of April 2019

Excellent Location in Santa Monica!! Walking Distance to the Water Garden & Yahoo Business Campuses, Trendy Restaurants & More Trendy Shops. The New Light Rail Station! This Easy Access Parking to Unit has 3 bedrooms! Highlights Include: A Generous Family/Living Area with a Fireplace, A Remodeled Kitchen that Opens to the Dining Area, Laminate Flooring in Family/Living Area & Dining Area, A Generous Master Bedroom with Walk-In Closet (His & Hers Closets). Updates Include: Double Pane Energy Efficient Windows, A Balcony Renovation, Kitchen Countertops Replaced, Kitchen Range-Hood Replaced. Side By Side Parking Spaces Directly Below Unit For Easy In/Out. Also includes TWO LARGE STORAGE UNITS! Rare Opportunity In This Highly Sought After City & The Exceptional Santa Monica School System. Approximately 1 mile to The Famous Santa Monica Pier. Earthquake insurance included in HOA dues. MOST CONVENIENT LOCATION IN TOWN!! DON'T MISS THIS!

Last Agent to Sell the Property

Max Lee

Real Broker License #01905008 Listed on: 02/24/2019

Co-Listed By

Bruce Lee

TRRG Management License #02032112

Last Buyer's Agent

Cheryl Feldman

Compass License #01030966

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,081

Year Built

  • Built in 1974

Lot Details

  • 0.49

HOA Fees

  • $385 Monthly HOA Fees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,423 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Security Lights
  • Property Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer

Parking

  • 2 Covered Spaces
  • Side by Side Parking
  • Automatic Gate
  • Assigned Parking

Additional Features

  • Covered patio or porch
  • Gated Home
  • Unit is on the top floor
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 4267-027-043

Community Details

Overview

  • 18 Units

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,081

Year Built

Built in 1974

Lot Details

0

HOA Fees

$385 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: Top Level
  • Street Number Display: Yes
  • Advertising Remarks: Excellent Location in Santa Monica!! Walking Distance to the Water Garden & Yahoo Business Campuses, Trendy Restaurants & More Trendy Shops. The New Light Rail Station! This Easy Access Parking to Unit has 3 bedrooms! Highlights Include: A Generous Family/Living Area with a Fireplace, A Remodeled Kitchen that Opens to the Dining Area, Laminate Flooring in Family/Living Area & Dining Area, A Generous Master Bedroom with Walk-In Closet (His & Hers Closets). Updates Include: Double Pane Energy Efficient Windows, A Balcony Renovation, Kitchen Countertops Replaced, Kitchen Range-Hood Replaced. Side By Side Parking Spaces Directly Below Unit For Easy In/Out. Also includes TWO LARGE STORAGE UNITS! Rare Opportunity In This Highly Sought After City & The Exceptional Santa Monica School System. Approximately 1 mile to The Famous Santa Monica Pier. MOST CONVENIENT LOCATION IN TOWN!! DON'T MISS THIS!! Everyone is welcome!! Text Max Lee 213-434-2433 for a private showing. Thanks for Showing!! This won't last!!
  • Complex Name: Franklin Colorado Townhouses
  • Entry Floor: 2
  • Living Area: 1423
  • Planned Urban Dev: 0
  • Stories: 2
  • Unit Floor In Building: 2
  • Year Built: 1974
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Laminate, Tile
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Vented Exhaust Fan
  • Price Per S Q F T: 702.04

Exterior Features

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

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Side By Side
  • Total Parking: 2

Utilities

  • Heating: Fireplace
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Exterior Security Lights, Gated, Smoke Detector

Association/Amenities

  • Amenities: Assoc Pet Rules, Gated Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 385.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4267-027-043
  • Geocode Override: No
  • Lot Size Area: 21153

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2019
Closed on
Mar 5, 2019
Sold by
Park Hong Kyun and Park Sun Hee
Bought by
Roth Shahar and Socolovsky Julia
Seller's Agent
Max Lee
Real Broker
Buyer's Agent
Cheryl Feldman
Compass
List Price
$999,000
Sold Price
$975,000
Premium/Discount to List
-$24,000
-2.4%
Total Days on Market
9
Current Estimated Value
$1,265,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,408
Avg. Annual Appreciation
4.34%
Original Mortgage
$727,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2003
Sold by
Dumansky Michael H and Dumansky Ellen J
Bought by
Park Hong Kyun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.6%

Purchase Details

Closed on
Jul 9, 2002
Sold by
Dumansky Ellen J
Bought by
Dumansky Michael H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,875
Interest Rate
6.69%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 27, 2002
Sold by
Kotler Igor and Kotler Alla
Bought by
Dumansky Michael H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,875
Interest Rate
6.69%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 21, 1998
Sold by
Evans Michael P and Evans Florence R
Bought by
Kotler Igor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
7.06%
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 Buyer Sale Price Title Company
Roth Shahar $975,000 Usa National Title Company
Park Hong Kyun $396,000 Equity Title Company
Dumansky Michael H -- Equity Title
Dumansky Michael H -- --
Dumansky Michael H $409,000 Old Republic Title Company
Kotler Igor $228,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roth Shahar $725,000
Closed Roth Shahar $727,000
Previous Owner Park Hong Kyun $345,000
Previous Owner Park Hong Kyun $350,000
Previous Owner Park Hong Kyun $296,000
Previous Owner Dumansky Michael H $357,875
Previous Owner Kotler Igor $173,000
Previous Owner Kotler Igor $182,000
Previous Owner Kotler Igor $182,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2019 04/10/19 Sold $975,000 -2.4% $685 / Sq Ft
03/05/2019 03/05/19 Pending -- -- --
02/24/2019 02/24/19 For Sale $999,000 -- $702 / 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 $13,081 $1,073,805 $853,042 $220,763
2023 $12,785 $1,045,394 $836,316 $209,078
2022 $12,619 $1,024,897 $819,918 $204,979
2021 $12,297 $1,004,802 $803,842 $200,960
2019 $5,213 $514,131 $380,539 $133,592
2018 $6,269 $504,051 $373,078 $130,973
2016 $6,025 $484,480 $358,592 $125,888
2015 $5,944 $477,204 $353,206 $123,998
2014 $5,870 $467,858 $346,288 $121,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-437606

The MLS

APN: 4267-027-043