$2,550,000
SOLD JUL 7, 2022
2 Beds
1 Bath
1,380 Sq Ft
0.46 Acres

Recently Sold

$1,848 Per Sq Ft

2% Above List Price

11 Days on Market

Highlights

  • 0.46 Acre Lot
  • No HOA
  • Views
  • Mar Vista Elementary Rated A

About This Home

As of February 2024

Fantastic opportunity to build your dream home on an approximately 20,000 sq. ft., oversized lot in a prime Mar Vista location. A private driveway off of Palms presents the entrance to the generous grounds. Tucked away from the street, the lot provides the ability to build a uniquely secluded, luxury residence. This once in a lifetime opportunity is located near great shopping and dining, the Mar Vista Farmers Market, minutes to Santa Monica, the world famous Abbot Kinney, and Venice Beach. Design, build and live in your own custom home. Call us for details. *OFFERS DUE THURSDAY 6/2 @ 12:00pm*

Last Agent to Sell the Property

F. Ron Smith

Compass License #00961954 Listed on: 05/26/2022

Compass

Co-Listed By

David Berg

Compass License #01481236

Compass

Last Buyer's Agent

David Berg

Compass License #01481236

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,765

Year Built

  • Built in 1915

Lot Details

  • 0.46 Acre Lot
  • Tear Down
  • Property is zoned LAR1

Home Design

  • 1,380 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • City Lot

Additional Features

  • Property Views

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4248-021-037

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,765

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Tear-Down
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1380
  • Lot Acreage: 0.4595
  • Probate: No
  • Property Condition: Tear Down
  • Year Built: 1915
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 1807.97

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Any
  • View: Yes

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4248-021-037
  • Lot Location: City
  • Lot Size Area: 20017

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Jan 26, 2024
Sold by
Wrv Mountain View Llc
Bought by
Phm Property Group Llc
Seller's Agent
F. Ron Smith
Compass
Buyer's Agent
Ash Ghavami
Re/Max Luxe
List Price
$3,248,000
Sold Price
$3,000,000
Premium/Discount to List
-$248,000
-7.64%
Views
81
Current Estimated Value
$2,839,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$160,602
Avg. Annual Appreciation
-3.40%

Purchase Details

Listed on
May 26, 2022
Closed on
Jun 8, 2022
Sold by
Washington Group Owners Llc
Bought by
Wrv Mountain View Llc
Seller's Agent
F. Ron Smith
Compass
Buyer's Agent
David Berg
Compass
List Price
$2,495,000
Sold Price
$2,550,000
Premium/Discount to List
$55,000
2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.48%
Original Mortgage
$2,040,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2015
Sold by
Hudson Aleta June
Bought by
Hudson Aleta J and Aleta Hudston Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $3,000,000 First American Title
Grant Deed $2,550,000 First American Title Company O
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,040,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $3,000,000 -7.6% $2,174 / Sq Ft
01/25/2024 01/25/24 Pending -- -- --
10/11/2023 10/11/23 For Sale $3,248,000 +27.4% $2,354 / Sq Ft
07/07/2022 07/07/22 Sold $2,550,000 +2.2% $1,848 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $2,495,000 -28.7% $1,808 / Sq Ft
05/13/2022 05/13/22 Sold $3,500,000 -12.5% $2,536 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
02/10/2022 02/10/22 For Sale $4,000,000 0.0% $2,899 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
01/28/2022 01/28/22 For Sale $4,000,000 -- $2,899 / 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 $31,765 $3,060,000 $2,961,162 $98,838
2024 $31,765 $2,601,000 $2,473,500 $127,500
2023 $31,149 $2,550,000 $2,425,000 $125,000
2022 $2,638 $177,969 $110,495 $67,474
2021 $2,601 $174,480 $108,329 $66,151
2019 $2,537 $169,307 $105,117 $64,190
2018 $2,338 $165,988 $103,056 $62,932
2016 $2,233 $159,545 $99,055 $60,490
2015 $2,205 $157,150 $97,568 $59,582
2014 $2,230 $154,072 $95,657 $58,415
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-161127

The MLS

APN: 4248-021-037