NOT LISTED FOR SALE

Estimated Value: $2,666,000 - $3,730,446

5 Beds
3 Baths
2,390 Sq Ft
$1,326/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $2,400,000 $1,004 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $19,160/month

21 Days on Market

Highlights

  • Ocean View
  • Traditional Architecture
  • 3 Car Attached Garage
  • Hermosa Valley Elementary School Rated A
  • No HOA
  • Tile Countertops

About This Home

As of April 2014

Rare classic Hermosa walkstreet duplex just three lots up from the strand! This two unit property has 5 bedrooms, 2 bathrooms in the main house, and a stunning 1 bedroom, 1 bathroom residence over the garage with a private patio, living room and ocean view rooftop deck (Perfect for high end vaca--tion rentals). There is an additional room in the back house currently used as storage. The property sits on over 2800 square feet of prime Hermosa walkstreet land with three car parking and just a short walk to the restaurants and shopping and about 25 yards to the beautiful Hermosa sand. This home is a historical gem in Hermosa Beach—originally built as a summer home by one of Southern California’s most influential men, William Burgess Matthews, in the early 1900s.

Last Agent to Sell the Property

Jim Van Zanten

Vista Sotheby’s International Realty License #00544011 Listed on: 03/11/2014

Vista Sotheby’s International Realty

Last Buyer's Agent

Christine Solomon

Ossia Real Estate License #01886724

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1912

Lot Details

  • 2,861 Sq Ft Lot
  • South Facing Home

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Coastline

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,390 Sq Ft Home
  • Living Room with Fireplace
  • Carpet
  • Tile Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Exterior Lighting

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 6211
  • Assessor Parcel Number 4187003024

Home Details

Home Type

Single Family

Year Built

Built in 1912

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4187003024
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2390.00
  • Interior Amenities: Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1004.18
  • Room Type: Living Room

Exterior Features

  • Direction Faces: South
  • View: Coastline, Ocean
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 2861.00
  • Lot Size Acres: 0.0660

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2861.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 21
  • Tax Tract Number: 6211

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2014
Closed on
Apr 16, 2014
Sold by
Buster Steven K and Steven K & Mary L Buster Trust
Bought by
Molasky Alan L and Molasky Christy Velardi
Seller's Agent
Jim Van Zanten
Vista Sotheby’s International Realty
Buyer's Agent
Christine Solomon
Ossia Real Estate
List Price
$2,600,000
Sold Price
$2,400,000
Premium/Discount to List
-$200,000
-7.69%
Current Estimated Value
$3,168,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$768,112
Avg. Annual Appreciation
2.41%
Original Mortgage
$1,800,000
Outstanding Balance
$1,368,852
Interest Rate
4.35%
Mortgage Type
New Conventional
Estimated Equity
$1,799,260

Purchase Details

Closed on
Jul 22, 2011
Sold by
Buster Steven K and Steven K & Mary L Buster Trust
Bought by
Buster Steven K and Steven K & Mary I Buster Trust

Purchase Details

Closed on
Jun 17, 2009
Sold by
Buster Steven K and Buster Mary L
Bought by
Buster Steven K and Buster Mary L

Purchase Details

Closed on
Nov 17, 1997
Sold by
Kincaid Michael and Johnson William
Bought by
Buster Steven K and Buster Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,000
Interest Rate
5.62%

Purchase Details

Closed on
May 9, 1997
Sold by
Kincaid Lynn Casner
Bought by
Kincaid Michael

Purchase Details

Closed on
May 5, 1997
Sold by
Lotridge Suzanne L and Skow Catherine C
Bought by
Kincaid Michael and Johnson William
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
Molasky Alan L $2,400,000 Fidelity National Title Co
Buster Steven K -- None Available
Buster Steven K -- None Available
Buster Steven K $632,000 Title Land Company
Kincaid Michael -- Title Land Company
Kincaid Michael -- Title Land Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molasky Alan L $1,800,000
Previous Owner Buster Steven K $474,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2014 04/30/14 Sold $2,400,000 -7.7% $1,004 / Sq Ft
04/01/2014 04/01/14 Pending -- -- --
03/11/2014 03/11/14 For Sale $2,600,000 -- $1,088 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $31,319 $2,942,061 $2,635,600 $306,461
2024 $31,319 $2,884,374 $2,583,922 $300,452
2023 $30,670 $2,827,818 $2,533,257 $294,561
2022 $30,118 $2,772,372 $2,483,586 $288,786
2021 $29,488 $2,718,013 $2,434,889 $283,124
2020 $29,266 $2,690,144 $2,409,923 $280,221
2019 $28,660 $2,637,397 $2,362,670 $274,727
2018 $27,718 $2,585,685 $2,316,344 $269,341
2016 $26,374 $2,485,282 $2,226,399 $258,883
2015 $25,797 $2,447,952 $2,192,957 $254,995
2014 $9,416 $873,968 $674,726 $199,242
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14050091

California Regional Multiple Listing Service (CRMLS)

APN: 4187-003-024