NOT LISTED FOR SALE

Estimated Value: $1,286,000 - $1,491,000

4 Beds
3 Baths
1,944 Sq Ft
$712/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $1,365,000 $702 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,186/month

39 Days on Market

Highlights

  • Solar Power System
  • Traditional Architecture
  • No HOA
  • Living Room with Fireplace
  • Wood Flooring
  • Den

About This Home

As of July 2024

Dreaming of your perfect home but need a bit of financial flexibility? We've got an AMAZING opportunities just for you! The seller is offering 10% Seller Carryback Financing on this stunning property! Why settle for just a home WHEN you can also have an INCOME property too? Purchase this stunning RENOVATED Entertainment property and enjoy the benefits of dual living with just ONE loan!* There is a detached 2-car garage with a convenient door leading directly to the backyard ideal for potential conversion into a RENTAL INCOME ADU! **ELIGIBLE for interest rate in the 5% RANGE*** THIS home has even been FEATURED as 1 of the 8 unique private gardens in the esteemed "2023 LEIMERT PARK GARDEN TOUR", inspiring over 500 tour-goers to cultivate creative expressions and enhance their enjoyment of the great outdoors. It's a TESTAMENT to the property's allure, where CREATIVITY and OUTDOOR LIVING truly FLOURISH. Experience the epitome of serene urban oasis living in the vibrant Leimert Park neighborhood of Los Angeles. This captivating property offers 3 bedrooms, OFFICE (with built-ins), 2 3/4 baths, and nearly 2,000 square feet of luxurious living space. Effortlessly blending modern elegance with energy efficiency, this home boasts Solar Panels for sustainability and savings. You'll also appreciate the 2021 HVAC (2 units), dual-pane windows for energy efficiency, and a Tankless water heater providing endless hot water. STEP INSIDE to discover an inviting open floor plan highlighted by a cozy, roaring Fireplace, Main Bedroom En-suite featuring a walk-in closet, and a recently updated kitchen boasting granite countertops and a CUSTOM-BUILT BAR. The Main Bedroom is SEPARATE AND PRIVATE, ensuring a tranquil retreat within the home. Throughout the home, crown moulding and plantation shutters add a touch of elegance and sophistication. Hardwood floors throughout create a warm and cohesive aesthetic.For those who WORK FROM HOME or desire a private workspace, the separate office with built-in desk furnishings offers the perfect solution. REVEL in the comfort of a SURROUND SOUND entertainment system and the seamless integration of indoor and outdoor living through French doors. RELAX and UNWIND on the covered pergola deck outfitted with benches, additional storage, and a mounted TV, perfect for entertaining.ENTERTAIN in style in the spacious living room or escape to the zen-like backyard oasis, complete with waterfall fixtures, astro turf with irrigation and spot lighting, and a wonderful GAS FIRE PIT. PLUS, enjoy BBQs with a gas-powered grill (not propane) and mounted TVs in the kitchen, living room and patio area. PLENTY of parking awaits with the spacious long driveway, accommodating up to 4+ cars. Conveniently located, this home provides easy access to LA's vibrant nightlife, cultural attractions, and recreational amenities. DON'T MISS YOUR CHANCE TO OWN this stylish sanctuary in one of LA's most sought-after HISTORICAL neighborhoods. BUYER is advised to independently investigate all aspects of the property.

Last Agent to Sell the Property

Taunee English

Lions Realty Group License #01475921 Listed on: 05/04/2024

Last Buyer's Agent

Samir Akhter

TruLine Realty License #02129243

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1939

Lot Details

  • 6,155 Sq Ft Lot
  • Lot Dimensions are 50x123
  • Property is zoned LAR1

Parking

  • 2 Car Detached Garage
  • 3 Open Parking Spaces
  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,944 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Den
  • Alarm System
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Additional Features

  • Solar Power System
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5033-020-033

Home Details

Home Type

Single Family

Year Built

Built in 1939

Lot Details

6,155 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Hot Property Alert! 10% Seller Carryback Financing Available! In this Award-Winning 3-bedroom, Office, 3-bathroom gem spans nearly 2,000 sq ft, blending modern elegance with energy efficiency. Solar panels ensure sustainability and savings. Step inside to discover an inviting open floor plan highlighted by a cozy fireplace, Surround Sound entertainment system, Hardwood Floors, Plantation Shutters throughout and French doors that seamlessly integrate indoor and outdoor living. Enjoy the lush zen-like backyard with gas fire pit and wonderful water features! A separate office with built-in desk furnishings offers a private workspace. Enjoy dual-pane windows, a tankless water heater, and a custom finished garage with ADU potential. Conveniently located, this home offers easy access to LA's vibrant attractions. Don't miss your chance to own this Leimert Park Entertainment Home!
  • Living Area: 1944
  • Lot Acreage: 0.1413
  • Lot Dimensions: 50x123
  • Stories: 1
  • Year Built: 1939
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 4
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Garbage Disposal, Microwave, Solar Panels
  • Price Per S Q F T: 719.02

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Parking Garage: Detached, Driveway
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5033-020-033
  • Lot Size Area: 6155

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2024
Closed on
Jul 5, 2024
Sold by
Cannon Kermit R and Cannon Nichole L
Bought by
Helvie Faith Bailey and Seetharaman Jay
Seller's Agent
Taunee English
Lions Realty Group
Buyer's Agent
Samir Akhter
TruLine Realty
List Price
$1,477,777
Sold Price
$1,365,000
Premium/Discount to List
-$112,777
-7.63%
Views
29
Current Estimated Value
$1,383,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,227
Avg. Annual Appreciation
0.79%
Original Mortgage
$1,000,000
Outstanding Balance
$984,579
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$398,648

Purchase Details

Closed on
Sep 6, 2019
Sold by
Cannon Kermit R and Cannon Nichole L
Bought by
Cannon Kermit R and Cannon Nichole L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
3.5%

Purchase Details

Listed on
Jun 14, 2017
Closed on
Jun 29, 2017
Sold by
Cathey Walter
Bought by
Cannon Kermit R and Dorch Cannon Nichole L
Seller's Agent
Joanne Mc Kenzie
Sotheby's International Realty
Buyer's Agent
Taunee English
Lions Realty Group
List Price
$780,000
Sold Price
$790,000
Premium/Discount to List
$10,000
1.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$647,130
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 16, 2005
Sold by
Cathey Walter
Bought by
Cathey Walter and Cathey Macqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2003
Sold by
Cathey Walter G
Bought by
Cathey Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
5.82%

Purchase Details

Closed on
Feb 10, 1998
Sold by
Cathey Walter G
Bought by
Cathey Walter G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,500
Interest Rate
6.97%

Purchase Details

Closed on
Jul 29, 1996
Sold by
Cathey Walter G
Bought by
Cathey Walter G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
8.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Helvie Faith Bailey $1,365,000 California Best Title
Cannon Kermit R -- First American Title Ins Co
Cannon Kermit R $790,000 Equity Title Los Angeles
Cathey Walter -- Equity Title
Cathey Walter -- Multiple
Cathey Walter G -- Commonwealth Title
Cathey Walter G -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Helvie Faith Bailey $1,000,000
Previous Owner Cannon Kermit R $665,000
Previous Owner Cannon Kermit R $647,130
Previous Owner Cathey Walter $260,000
Previous Owner Cathey Walter $127,000
Previous Owner Cathey Walter G $56,500
Previous Owner Cathey Walter G $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2024 07/12/24 Sold $1,365,000 -2.3% $702 / Sq Ft
06/12/2024 06/12/24 Pending -- -- --
05/31/2024 05/31/24 Price Changed $1,397,777 -6.7% $719 / Sq Ft
05/23/2024 05/23/24 Price Changed $1,497,777 +1.4% $770 / Sq Ft
05/04/2024 05/04/24 For Sale $1,477,777 +87.1% $760 / Sq Ft
07/26/2017 07/26/17 Sold $790,000 +1.3% $406 / Sq Ft View Prior Sale
06/20/2017 06/20/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $780,000 -- $401 / 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 $10,919 $1,365,000 $900,000 $465,000
2024 $10,919 $881,254 $651,349 $229,905
2023 $10,713 $863,976 $638,578 $225,398
2022 $10,222 $847,036 $626,057 $220,979
2021 $10,091 $830,429 $613,782 $216,647
2019 $9,792 $805,800 $595,578 $210,222
2018 $9,697 $790,000 $583,900 $206,100
2016 $2,922 $226,841 $105,794 $121,047
2015 $2,882 $223,434 $104,205 $119,229
2014 $2,902 $219,058 $102,164 $116,894
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-388128

The MLS

APN: 5033-020-033

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