NOT LISTED FOR SALE

408 E Rustic Rd Santa Monica, CA 90402

Estimated Value: $3,616,000 - $6,813,000

3 Beds
2 Baths
1,658 Sq Ft
$3,290/Sq Ft Est. Value

Last Sold July 09, 2019

Last sale price $3,200,000 $1,930 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $32,032/month

Highlights

  • Detached Guest House
  • Wood Flooring
  • Open Patio
  • Living Room with Fireplace
  • Breakfast Area or Nook
  • Laundry Room

About This Home

As of August 2019

Recently sold and now for rent. Charming modern 3 bed, 2 bath home nestled in the beautiful Santa Monica Canyon. Lots of natural light throughout with gorgeous windows opening to yard and skylights. Features include hardwood floors, large cooks kitchen with special Lucite cabinets, and custom stainless sink/counters. Whole-house filtered water system and many other special qualities. Open floor plan with a cozy fireplace ideal for California living. Private and enchanting backyard with patio, fruits trees and a tropical garden, perfect for entertaining! Separate guesthouse has its own private patio, bedroom, full bath and large living room with a kitchenette. 2 blocks to Canyon School, 2 blocks to Beach and PCH/10 freeway. Plus guesthouse and renovated attic bonus room.

Last Agent to Rent the Property

Frank Langen

DPP License #01108147 Listed on: 07/22/2019

Last Renter's Agent

Frank Langen

DPP License #01108147 Listed on: 07/22/2019

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 6,421 Sq Ft Lot
  • Property is zoned LAR1

Home Design

  • Bungalow

Interior Spaces

  • 1,658 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Automatic Gate

Utilities

  • Central Heating
  • Water Purifier

Additional Features

  • Open Patio
  • Detached Guest House

Listing and Financial Details

  • Security Deposit $27,000
  • Tenant pays for electricity, gas, water
  • 12 Month Lease Term
  • Assessor Parcel Number 4410-017-011

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Rental Info

  • Security Deposit: 27000
  • Tenant Pays: Electricity, Gas, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Bungalow
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Lease Terms: 1-Year
  • Living Area: 1658
  • Stories: 1
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Wood
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer, Water Filter
  • Price Per S Q F T: 8.14

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Auto Driveway Gate
  • Total Parking: 2

Utilities

  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4410-017-011
  • Geocode Override: No
  • Lot Size Area: 6421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2019
Closed on
Jun 11, 2019
Sold by
Vinetz Colleen Anne Dolan and The Colleen Anne Dolan Vinetz
Bought by
Jarasa Stacey and Rustic Road Property Trust
Seller's Agent
Colleen Dolan Vinetz
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Frank Langen
DPP
List Price
$3,495,000
Sold Price
$3,200,000
Premium/Discount to List
-$295,000
-8.44%
Current Estimated Value
$5,454,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,254,799
Avg. Annual Appreciation
8.59%
Original Mortgage
$1,400,000
Outstanding Balance
$1,195,102
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,259,697

Purchase Details

Listed on
Mar 2, 2017
Closed on
Jun 14, 2017
Sold by
Vinetz Colleen Anne Dolan
Bought by
Vinetz Colleen Anne Dolan and Colleen Anne Dolan Vinetz 2017
Seller's Agent
Diana Braun
Compass
Buyer's Agent
Ellen McCormick
Berkshire Hathaway HomeServices California Properties
Sold Price
$10,000

Purchase Details

Closed on
Aug 25, 2016
Sold by
Vinetz Tom
Bought by
Vinetz Colleen

Purchase Details

Closed on
May 11, 2006
Sold by
Vinetz Thomas Philip and Vinetz Colleen Anne Dolan
Bought by
Vinetz Thomas Philip and Vinetz Colleen Anne Dolan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Interest Rate
6.41%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 21, 2006
Sold by
Kibbee Joel and Kibbee Eleanor
Bought by
Vinetz Thomas Philip and Vintetz Colleen Anne Dolan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Interest Rate
6.41%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jarasa Stacey $3,200,000 First American Title
Vinetz Colleen Anne Dolan -- None Available
Vinetz Colleen Anne Dolan -- None Available
Vinetz Thomas Philip -- None Available
Vinetz Colleen -- None Available
Vinetz Thomas Philip -- North American Title
Vinetz Thomas Philip $1,762,500 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jarasa Stacey $1,400,000
Previous Owner Vinetz Thomas Philip $1,175,000
Previous Owner Vinetz Thomas Philip $749,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/21/2019 08/21/19 Rented $13,500 0.0% --
08/14/2019 08/14/19 Under Contract -- -- --
07/22/2019 07/22/19 For Rent $13,500 0.0% --
07/09/2019 07/09/19 Sold $3,200,000 -8.4% $1,930 / Sq Ft View Prior Sale
05/30/2019 05/30/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $3,495,000 0.0% $2,108 / Sq Ft
05/23/2017 05/23/17 Rented $10,000 -9.1% --
05/22/2017 05/22/17 Price Changed $11,000 -8.3% $7 / Sq Ft
04/22/2017 04/22/17 Price Changed $12,000 -7.7% $7 / Sq Ft
03/02/2017 03/02/17 For Rent $13,000 +13.0% --
06/17/2015 06/17/15 Rented $11,500 -8.0% --
06/14/2015 06/14/15 Under Contract -- -- --
05/19/2015 05/19/15 For Rent $12,500 -- --
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 $41,419 $4,776,544 $2,762,330 $2,014,214
2024 $41,419 $3,431,044 $2,708,167 $722,877
2023 $40,606 $3,363,769 $2,655,066 $708,703
2022 $38,696 $3,297,813 $2,603,006 $694,807
2021 $38,240 $3,233,151 $2,551,967 $681,184
2020 $38,646 $3,200,000 $2,525,800 $674,200
2019 $11,244 $2,159,172 $1,727,341 $431,831
2018 $25,499 $2,116,836 $1,693,472 $423,364
2016 $24,406 $2,034,638 $1,627,713 $406,925
2015 $24,044 $2,004,077 $1,603,264 $400,813
2014 $24,114 $1,964,821 $1,571,859 $392,962
Source: Public Records

Agents Affiliated with this Home

  • Frank Langen

    Landlord's Agent in 2019

    Frank Langen

    DPP

    (310) 963-3891

    54 Total Sales

    Frank Langen
    Section Image

  • C

    Seller's Agent in 2019

    Colleen Dolan Vinetz

    Berkshire Hathaway HomeServices California Properties

    (310) 367-5457

    4 Total Sales

    Colleen Dolan Vinetz
    Section Image
  • Diana Braun

    Seller's Agent in 2017

    Diana Braun

    Compass

    (310) 866-5039

    66 Total Sales

    Diana Braun
    Section Image
  • Ellen McCormick

    Buyer's Agent in 2017

    Ellen McCormick

    Berkshire Hathaway HomeServices California Properties

    (310) 230-3707

    33 Total Sales

    Ellen McCormick
    Section Image

  • M

    Buyer's Agent in 2015

    Mark Dubas

    Coldwell Banker Realty

See All Agents

Map

Source: The MLS

MLS Number: 19-491418

The MLS

APN: 4410-017-011

California Los Angeles County Santa Monica 90402

408 E Rustic Rd, Santa Monica, CA

Not Listed for Sale

Detached

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