NOT LISTED FOR SALE

4047 Farmdale Ave Studio City, CA 91604

Estimated Value: $3,315,000 - $3,725,000

4 Beds
3.5 Baths
4,054 Sq Ft
$858/Sq Ft Est. Value

Last Sold September 30, 2016

Last sale price $2,300,000 $567 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $21,465/month

Highlights

  • Wine Cellar
  • Heated In Ground Pool
  • Cape Cod Architecture
  • Rio Vista Elementary Rated A-
  • Solar Power System
  • Family Room with Fireplace

About This Home

As of June 2023

Situated in the heart of Studio City, within the sought-after enclave of Colfax Meadows, this charming two-story Cape Cod offers warmth, privacy and modern convenience. An open-concept floor plan, voluminous spaces with high-end finishes throughout, create an inviting atmosphere for relaxation and entertainment. Downstairs is comprised of an office with vaulted ceilings; an open living and dining area, a guest bedroom with en suite bathroom; a chef's kitchen, featuring top-of-the-line stainless steel Viking appliances, a dual sink, an eight-burner range, a walk-in pantry, a large center island and breakfast nook. 12 foot bi-folding, glass doors seamlessly connect the indoor with the outdoor spaces. Walk upstairs to a gracious landing, which opens to an auxiliary den and 2 guest bedrooms with a Jack-and-Jill bathroom. Rounding out the upstairs is a spacious primary suite, replete with a spa-like bathroom with a massive walk-in steam shower, dual vanities, soaking tub, and his/her walk-in closets. Walk outside to find a beautifully landscaped yard, featuring a pool/spa, built-in grill, a spacious patio, perfect for outdoor dining surrounded by verdant greenery. Whether you're hosting a dinner party or seeking respite from the outside world, the backyard is an ideal space. The property comes equipped with an impressive array of smart home features, including Nest thermostats, Sonos surround sound, Tesla solar panels and home battery, an electric car port, a security system with five mounted cameras and a Launch Port iPad Control System. Other features include temperature-controlled wine storage room and 2 car garage with electric charging station. The location is conveniently situated within close proximity to a wide variety of shops and restaurants. The property is located in the Carpenter Community Charter School District.

Last Agent to Rent the Property

Evan Ferrante

The Agency License #02151154 Listed on: 06/02/2023

The Agency

Co-Listed By

Josh Myler

The Agency License #01443547

Last Renter's Agent

Evan Ferrante

The Agency License #02151154 Listed on: 06/02/2023

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,915

Year Built

  • Built in 2016

Lot Details

  • 6,755 Sq Ft Lot
  • Lot Dimensions are 50x135
  • Property is zoned LAR1

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 4,054 Sq Ft Home
  • 2-Story Property
  • Wine Cellar
  • Family Room with Fireplace
  • Dining Room
  • Home Office
  • Recreation Room
  • Wood Flooring
  • Alarm System

Kitchen

  • Breakfast Room
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer

Parking

  • 2 Parking Spaces
  • Electric Vehicle Home Charger

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Open Patio
  • Outdoor Grill

Additional Features

  • Solar Power System
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $29,990
  • Tenant pays for electricity, gas, water, trash collection
  • 12 Month Lease Term
  • Assessor Parcel Number 2368-025-028

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,915

Year Built

Built in 2016

Lot Details

0

Rental Info

  • Security Deposit: 29990
  • Tenant Pays: Electricity, Gas, Water, Trash Collection

Listing Details

  • Property Type: Residential Lease
  • Style: Cape Cod
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 4054
  • Lot Acreage: 0.1551
  • Lot Dimensions: 50x135
  • Stories: 2
  • Year Built: 2016
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Family Room
  • Flooring: Hardwood
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 1
  • Equipment: Alarm System, Barbeque, Dishwasher, Dryer, Freezer, Garbage Disposal, Ice Maker, Microwave, Range/Oven, Refrigerator, Solar Panels
  • Price Per S Q F T: 3.70

Exterior Features

  • Pool Description: In Ground, Heated And Filtered
  • Pool: Yes
  • Spa: In Ground, Hot Tub
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Electric Vehicle Charging Station(s)
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Pet Rules: Yes

Lot Info

  • Assessor Parcel Number: 2368-025-028
  • Lot Size Area: 6755

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2016
Closed on
Sep 28, 2016
Sold by
Png Investments
Bought by
Younger Steven and The Arg Realty Trust
Seller's Agent
Francis Stillma Hyde
Compass
Buyer's Agent
Ali Gagerman
Douglas Elliman
List Price
$2,349,000
Sold Price
$2,300,000
Premium/Discount to List
-$49,000
-2.09%
Current Estimated Value
$3,478,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,178,256
Avg. Annual Appreciation
4.74%
Original Mortgage
$1,000,000
Outstanding Balance
$799,550
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,678,706

Purchase Details

Closed on
Mar 18, 2015
Sold by
Callabreal Debra L
Bought by
Png Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.65%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 21, 1997
Sold by
Cummings Leonard H
Bought by
Callabresi Debra L and Moren Kellylynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,550
Interest Rate
7.34%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 2, 1997
Sold by
Cummings Leonard H
Bought by
Cummings Leonard H and Cummings Florence E

Purchase Details

Closed on
Sep 23, 1996
Sold by
Cummings Leonard H
Bought by
Cummings Leonard H and Cummings Florence E
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
Younger Steven $2,299,000 Ortc
Png Investments $965,000 Old Republic Title
Callabresi Debra L $277,000 Equity Title
Cummings Leonard H -- --
Cummings Leonard H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Younger Steven $1,000,000
Previous Owner Png Investments Inc $1,645,000
Previous Owner Png Investments $50,000
Previous Owner Png Investments Inc $165,000
Previous Owner Png Investments $1,430,000
Previous Owner Callabresi Debra L $200,000
Previous Owner Callabresi Debra L $258,900
Previous Owner Callabresi Debra L $125,000
Previous Owner Callabresi Debra L $50,000
Previous Owner Callabresi Debra L $268,000
Previous Owner Callabresi Debra L $41,550
Previous Owner Callabresi Debra L $221,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Rented $14,000 -6.6% --
06/19/2023 06/19/23 Price Changed $14,995 -11.8% $4 / Sq Ft
06/02/2023 06/02/23 For Rent $16,995 0.0% --
09/30/2016 09/30/16 Sold $2,300,000 -2.1% $567 / Sq Ft
09/26/2016 09/26/16 Pending -- -- --
09/03/2016 09/03/16 For Sale $2,349,000 -- $579 / 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 $31,915 $2,668,181 $1,507,597 $1,160,584
2024 $31,915 $2,615,865 $1,478,037 $1,137,828
2023 $31,292 $2,564,574 $1,449,056 $1,115,518
2022 $29,829 $2,514,290 $1,420,644 $1,093,646
2021 $29,463 $2,464,991 $1,392,789 $1,072,202
2019 $28,576 $2,391,879 $1,351,479 $1,040,400
2018 $28,443 $2,344,980 $1,324,980 $1,020,000
2016 $11,902 $979,716 $783,773 $195,943
2015 $4,528 $368,002 $254,417 $113,585
2014 -- $360,795 $249,434 $111,361
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-276697

The MLS

APN: 2368-025-028