NOT LISTED FOR SALE

Estimated Value: $4,313,000 - $5,733,000

4 Beds
6 Baths
5,043 Sq Ft
$1,043/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $5,600,000 $1,110 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $33,318/month

117 Days on Market

Highlights

  • Detached Guest House
  • Home Theater
  • Heated In Ground Pool
  • Wine Cellar
  • Built in 1941 | Newly Remodeled
  • Gourmet Kitchen

About This Home

As of October 2023

Perched atop Lake Hollywood with expansive views this prestigious estate property delivers on every level. Nestled among mature pine trees on a sprawling grassy flat lot this dream house is bathed in natural light & has been meticulously remodeled. Enjoy complete privacy & spa level finishes throughout in this stunning hideaway with 3 ensuite bedrooms in the main house plus a guest house (with Murphy Bed) and just over 5,000 sq. ft. of living space. Gourmet kitchen, formal dining & living rooms, library/study/den, media room with 85" screen/surround sound, bar with walnut finishes, multi-zone HVAC, Lifesource Water System, hardwood floors, gym, walk in temp controlled wine cellar and multiple patios and balconies with views in every direction from the Downtown LA skyline to the Western horizon. 40 ft pool & spa with Baja shelf and motorized cover, landscaped grounds with irrigation, lighting, fountains and custom outdoor BBQ and dining area. 2 car garage, 2 car carport, guest parking.

Last Agent to Sell the Property

Brian Ades

Sotheby's International Realty License #01347985 Listed on: 06/01/2023

Sotheby's International Realty

Last Buyer's Agent

Aimee Stern

Douglas Elliman of California, Inc. License #01863933

Douglas Elliman of California, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941 | Newly Remodeled

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 145x120
  • West Facing Home
  • Fenced Yard
  • Secluded Lot
  • Sprinklers Throughout Yard
  • Hilltop Location
  • Lawn
  • Property is zoned LARE15

Parking

  • 2 Car Direct Access Garage
  • 2 Carport Spaces
  • Side by Side Parking
  • Driveway
  • Automatic Gate
  • Guest Parking
  • Controlled Entrance

Property Views

  • Panoramic
  • Skyline
  • Golf Course
  • Views of a landmark
  • Mountain
  • Hills
  • Valley
  • Park or Greenbelt

Home Design

  • Colonial Architecture
  • Split Level Home
  • Turnkey
  • Spanish Tile Roof

Interior Spaces

  • 5,043 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Wired For Sound
  • Built-In Features
  • Bar
  • Skylights in Kitchen
  • Recessed Lighting
  • Decorative Fireplace
  • Entryway
  • Wine Cellar
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Home Theater
  • Home Office
  • Library with Fireplace
  • Storage
  • Utility Room
  • Home Gym
  • Basement
  • Sump Pump

Kitchen

  • Gourmet Kitchen
  • Breakfast Room
  • Oven
  • Gas and Electric Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Powder Room
  • 6 Full Bathrooms
  • Granite Bathroom Countertops
  • Double Vanity
  • Low Flow Toliet
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Leased
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool
  • Permits for Pool

Outdoor Features

  • Balcony
  • Open Patio
  • Built-In Barbecue

Additional Homes

  • Detached Guest House

Utilities

  • Zoned Heating and Cooling
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5577-005-010

Home Details

Home Type

Single Family

Year Built

Built in 1941 | Newly Remodeled

Lot Details

0.41 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish Colonial
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Entry Location: Foyer
  • Living Area: 5043
  • Lot Acreage: 0.4089
  • Lot Dimensions: 145x120
  • Property Condition: Updated/Remodeled, New Construction
  • Stories: 3
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Bar, Basement, Built-Ins, Pre-wired for surround sound, Recessed Lighting, Storage Space, Sump Pump, Turnkey, Wet Bar
  • Fireplace Rooms: Decorative, Living Room, Library
  • Flooring: Hardwood, Tile
  • Appliances: Gas/Electric Range, Built-Ins, Built-In BBQ, Built-In Gas, Gas, Range Hood, Range, Oven
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 6
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Granite, Low Flow Toilet(s), Powder Room, Remodeled, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Dining Area, In Kitchen
  • Kitchen Features: Island, Stone Counters, Skylight(s), Remodeled, Gourmet Kitchen
  • Laundry: Inside, Room
  • Total Bathrooms: 6.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Vented Exhaust Fan, Washer, Microwave
  • Fireplace: Yes
  • Price Per S Q F T: 1140.19

Exterior Features

  • Direction Faces: West
  • Other Features: Balcony, Barbecue Private, Custom Built
  • Other Structures: Accessory Bldgs, GuestHouse
  • Tennis Court Y/N: No
  • Fence: Privacy
  • Guest House: Detached
  • Patio: Balcony, Patio Open
  • Pool Description: Permits, In Ground, Heated with Gas, Heated, Private
  • Pool: Yes
  • Roof: Spanish Tile
  • Spa: In Ground, Hot Tub, Private, Heated with Gas, Heated
  • Spa Yn: Yes
  • View: City Lights, Landmark, Hills, Green Belt, Golf Course, Mountains, Panoramic, Skyline, Valley
  • View: Yes

Garage/Parking

  • Carport Spaces: 2
  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Carport, Controlled Entrance, Covered Parking, Direct Entrance, Driveway, Parking for Guests, Parking for Guests - Onsite, Private, Private Garage, Side By Side
  • Total Parking: 4

Utilities

  • Water Heater: Tankless, Water Heater Unit
  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central
  • Security: Leased, Gated, Exterior Security Lights, Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: Septic Tank
  • Water: Public, In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System, Sprinkler Timer, Front, Rear, Side
  • Assessor Parcel Number: 5577-005-010
  • Lot Description: Back Yard, Exterior Security Lights, Fenced, Fenced Yard, Lawn, Yard, Secluded
  • Lot Location: Hilltop
  • Lot Size Area: 17813

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Oct 6, 2023
Sold by
Smith Chad T and Mccarthy Bruce G
Bought by
Laatsch Brandon John
Seller's Agent
Brian Ades
Sotheby's International Realty
Buyer's Agent
Aimee Stern
Douglas Elliman of California, Inc.
List Price
$5,950,000
Sold Price
$5,600,000
Premium/Discount to List
-$350,000
-5.88%
Views
618
Current Estimated Value
$5,258,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$341,165
Avg. Annual Appreciation
-2.56%
Original Mortgage
$4,480,000
Outstanding Balance
$4,372,953
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$885,882

Purchase Details

Listed on
Jun 1, 2023
Closed on
Sep 21, 2023
Sold by
Smith Chad T and Mccarthy Bruce G
Bought by
Smith Chad T and Mccarthy Bruce G
Seller's Agent
Brian Ades
Sotheby's International Realty
Buyer's Agent
Aimee Stern
Douglas Elliman of California, Inc.
List Price
$5,950,000
Sold Price
$5,600,000
Premium/Discount to List
-$350,000
-5.88%
Views
618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,480,000
Outstanding Balance
$4,372,953
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$885,882

Purchase Details

Closed on
Apr 6, 2015
Sold by
Carruthers Julie H
Bought by
Smith Chad T and Mccarthy Bruce G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,044,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2012
Sold by
Carruthers Julie H and Carruthers & Hanan Trust
Bought by
Carruthers Julie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,266
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 8, 2005
Sold by
Carruthers Julie H
Bought by
Carruthers Julie H and Carruthers Amended

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 7, 2005
Sold by
Carruthers Julie H and Carruthers Amended
Bought by
Carruthers Julie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 5, 2004
Sold by
Carruthers Julie H and Carruthers Amended
Bought by
Carruthers Julie H and Carruthers Amended
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Laatsch Brandon John $5,600,000 Equity Title Company
Smith Chad T -- None Listed On Document
Smith Chad T $2,555,000 Title 365
Carruthers Julie H -- Ort
Carruthers Julie H -- Ort
Carruthers Julie H -- Ort
Carruthers Julie H -- Ort
Carruthers Julie H -- Ort
Carruthers Julie H -- --
Carruthers Julie H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laatsch Brandon John $4,480,000
Previous Owner Smith Chad T $2,044,000
Previous Owner Carruthers Julie H $742,266
Previous Owner Carruthers Julie H $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2023 10/17/23 Sold $5,600,000 -2.6% $1,110 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
08/28/2023 08/28/23 Price Changed $5,750,000 -3.4% $1,140 / Sq Ft
06/01/2023 06/01/23 For Sale $5,950,000 +136.1% $1,180 / Sq Ft
07/10/2015 07/10/15 Sold $2,520,000 -5.7% $658 / Sq Ft View Prior Sale
05/18/2015 05/18/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $2,672,000 -- $698 / Sq Ft
Source: The MLS

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 $67,858 $5,712,000 $4,888,350 $823,650
2024 $67,858 $5,600,000 $4,792,500 $807,500
2023 $37,743 $3,092,296 $2,271,901 $820,395
2022 $35,425 $2,981,960 $2,227,354 $754,606
2021 $33,811 $2,822,552 $2,183,681 $638,871
2019 $32,406 $2,711,385 $2,118,913 $592,472
2018 $32,237 $2,658,221 $2,077,366 $580,855
2016 $30,799 $2,555,000 $1,996,700 $558,300
2015 $17,336 $1,432,222 $780,713 $651,509
2014 $17,391 $1,404,167 $765,420 $638,747
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-255349

The MLS

APN: 5577-005-010

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