NOT LISTED FOR SALE

Estimated Value: $581,000 - $646,000

2 Beds
2 Baths
910 Sq Ft
1.47 Acres

Last Sold July 02, 2013

Last sale price $495,000 $544 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,936/month

11 Days on Market

Highlights

  • Concierge
  • 1-minute walk to Wilshire/Western Station
  • In Ground Pool
  • Fitness Center
  • 24-Hour Security
  • Gated Parking

About This Home

As of July 2013

Great opportunity to own the convinient highrise mixed use property with breath taking view, sitting on the best location in Mid-Wilshire area; the corner of Wilshire Boulevard and Western Avenue.Hurry!!! This won't last...

Last Agent to Sell the Property

Brandon Park

RISE real estate company License #01416244 Listed on: 05/17/2013

Last Buyer's Agent

Chris Um

Omni Realty & Investment Group License #01127787

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,267

Year Built

  • Built in 1962

Lot Details

  • 1.47

Interior Spaces

  • 910 Sq Ft Home
  • City Lights Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Gated Parking
  • Guest Parking
  • Parking Garage Space
  • Controlled Entrance

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5093-027-110

Community Details

Overview

  • Association fees include gas, trash, water and sewer paid
  • 238 Units
  • High-Rise Condominium

Amenities

  • Concierge
  • Sundeck
  • Community Barbecue Grill
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,267

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: The Mercury
  • Entry Floor: 11
  • Living Area: 910
  • Planned Urban Dev: 1
  • Unit Floor In Building: 11
  • Year Built: 1962
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Carpet, Wood
  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit, Inside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Electric Dryer Hookup, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 538.46

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Community
  • Pool: Yes
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Community Garage, Controlled Entrance

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Community

Association/Amenities

  • Amenities: Assoc Barbecue, Concierge, Controlled Access, Elevator, Fitness Center, Gated Community Guard, Gated Parking, Guest Parking, Pool, Spa, Sun Deck
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • Association Fees Include: Gas, Trash, Water and Sewer Paid
  • HOA Fees: 556.00

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5093-027-110
  • Geocode Override: No
  • Lot Size Area: 64153

Multi Family

  • Number Of Units: 238

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2013
Closed on
May 24, 2013
Sold by
Kim Myung Hee
Bought by
California Korean Pharmacists Associatio
Seller's Agent
Brandon Park
RISE real estate company
Buyer's Agent
Chris Um
Omni Realty & Investment Group
List Price
$490,000
Sold Price
$495,000
Premium/Discount to List
$5,000
1.02%
Current Estimated Value
$615,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,835
Avg. Annual Appreciation
1.81%

Purchase Details

Closed on
Jul 23, 2008
Sold by
Wilshirewesterncondos Llc
Bought by
Kim Myung Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,400
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 2008
Sold by
Kim Hyun Jin
Bought by
Kim Myung Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,400
Interest Rate
6%
Mortgage Type
Commercial
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
California Korean Pharmacists Associatio $495,000 Chicago Title Company
Kim Myung Hee $530,000 Stewart Title Insurance Co
Kim Myung Hee -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Myung Hee $402,300
Previous Owner Kim Myung Hee $397,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2013 07/02/13 Sold $495,000 +1.0% $544 / Sq Ft
05/28/2013 05/28/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $490,000 0.0% $538 / Sq Ft
10/08/2012 10/08/12 Rented $2,300 -8.0% --
10/08/2012 10/08/12 Under Contract -- -- --
09/07/2012 09/07/12 For Rent $2,500 -- --
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 $7,267 $609,547 $492,568 $116,979
2024 $7,267 $597,596 $482,910 $114,686
2023 $7,128 $585,880 $473,442 $112,438
2022 $6,796 $574,393 $464,159 $110,234
2021 $6,709 $563,131 $455,058 $108,073
2019 $6,506 $546,429 $441,561 $104,868
2018 $6,495 $535,715 $432,903 $102,812
2016 $6,211 $514,915 $416,094 $98,821
2015 $6,119 $507,181 $409,844 $97,337
2014 $6,145 $497,247 $401,816 $95,431
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-673435

The MLS

APN: 5093-027-110