NOT LISTED FOR SALE

Estimated Value: $2,040,000 - $3,938,000

4 Beds
4.5 Baths
781 Sq Ft
$4,125/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $3,499,999 $4,481 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $20,665/month

7 Days on Market

Highlights

  • Ocean View
  • Room in yard for a pool
  • Wood Flooring
  • Venice High School Rated A
  • Fireplace in Primary Bedroom
  • Spanish Architecture

About This Home

As of March 2023

Located in the heart of Mar Vista on a quintessential tree-lined street, this Spanish-style home is anchored by traditional aesthetics while being outfitted with luxury details and contemporary amenities for a modern twist. Inside, a charming foyer flows through to a formal living room and a sunken great room with gourmet kitchen, highlighted by high-end appliances, Quartz countertops, and clean-lined white cabinetry. Anchored by a stately fireplace, the great room provides more than ample space for numerous living and dining compositions, while folding glass doors lead directly to the rear yard and covered patio. A first floor powder room and separate ensuite bedroom make the home ideal for entertaining, guest, or having a home office. Upstairs, three secondary bedrooms, each with ensuite bathrooms, sit adjacent to the primary suite, complete with large private balcony, fireplace, walk-in closets, and spa-grade bathroom. At the pinnacle of the property, a spacious rooftop deck with fire-pit offers dazzling ocean views from Malibu to the South Bay. Rounding out the residence is a separate laundry room, a two-car garage, smart home tech, multi zone air conditioning, and the highest grade of craftsmanship, fixtures, and finishes throughout.

Last Agent to Sell the Property

Emily Bregman

Berkshire Hathaway HomeServices California Properties License #01935416 Listed on: 01/30/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Shelton Wilder

Christie's International Real Estate SoCal License #01979656

Christie's International Real Estate SoCal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,991

Year Built

  • Built in 1940

Lot Details

  • 5,204 Sq Ft Lot
  • Lot Dimensions are 40x131
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage

Home Design

  • Spanish Architecture

Interior Spaces

  • 2-Story Property
  • Formal Entry
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Ocean Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Gas Dryer Hookup

Additional Features

  • Room in yard for a pool
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4244-007-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,991

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Lot Acreage: 0.1195
  • Lot Dimensions: 40x131
  • Stories: 2
  • Year Built: 1940
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Tile, Wood
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: On Upper Level
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Microwave, Range/Oven, Refrigerator

Exterior Features

  • Other Structures: None
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car, Garage Is Attached
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4244-007-016
  • Lot Size Area: 5204

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Sep 24, 2021
Sold by
Jens And Erma Korsbaek Exemption Trust and Korsbaek Jens
Bought by
Kp Residential Lp
Seller's Agent
Stacy Richardson
Dilbeck Estates
List Price
$1,501,000
Sold Price
$1,501,000
Current Estimated Value
$3,221,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,720,955
Avg. Annual Appreciation
21.33%
Original Mortgage
$1,855,700
Outstanding Balance
$1,695,711
Interest Rate
3.09%
Mortgage Type
Construction
Estimated Equity
$1,526,244

Purchase Details

Closed on
Nov 8, 2011
Sold by
Korsbaek Jens B and Jens & Erma Korsbaek Trust
Bought by
Korsbaek Jens B and Jens & Erma Korsbaek Trust Exemption Tru

Purchase Details

Closed on
Oct 6, 2006
Sold by
Korsbaek Jens B and Korsbaek Erma
Bought by
Korsbaek Jens B
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
Kp Residential Lp $1,501,000 Orange Coast Title
Korsbaek Jens B -- None Available
Korsbaek Jens B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kp Residential Lp $1,855,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2023 03/15/23 Sold $3,499,999 0.0% $4,481 / Sq Ft
02/06/2023 02/06/23 Pending -- -- --
01/30/2023 01/30/23 For Sale $3,499,500 +133.1% $4,481 / Sq Ft
11/02/2021 11/02/21 Sold $1,501,000 0.0% $1,922 / Sq Ft View Prior Sale
10/03/2021 10/03/21 Pending -- -- --
09/13/2021 09/13/21 For Sale $1,501,000 -- $1,922 / 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 $42,991 $3,641,400 $2,184,840 $1,456,560
2024 $42,991 $3,570,000 $2,142,000 $1,428,000
2023 $25,198 $2,087,020 $1,531,020 $556,000
2022 $17,660 $1,501,000 $1,200,800 $300,200
2021 $989 $70,828 $59,762 $11,066
2020 $997 $70,103 $59,150 $10,953
2019 $963 $68,730 $57,991 $10,739
2018 $926 $67,383 $56,854 $10,529
2016 $880 $64,769 $54,648 $10,121
2015 $869 $63,797 $53,828 $9,969
2014 $884 $62,548 $52,774 $9,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-228953

The MLS

APN: 4244-007-016