NOT LISTED FOR SALE

425 23rd Place Manhattan Beach, CA 90266

Estimated Value: $3,448,454 - $4,052,000

1 Bed
1 Bath
520 Sq Ft
$7,419/Sq Ft Est. Value

Last Sold November 05, 2013

Last sale price $955,000 $1,837 Per Sq Ft

Est. 304% increase in value since last sale

Current estimated payment $22,174/month

28 Days on Market

Highlights

  • No HOA
  • Cottage
  • 1 Car Attached Garage
  • Grand View Elementary School Rated A
  • Wood Frame Window
  • 4-minute walk to Bruce's Beach

About This Home

As of November 2013

Terrific opportunity to buy a cute beach retreat now and build later (or right now if you prefer!) Own a single family home within walking distance of one of the best stretches of beach in the South Bay. Updated beach cottage with fireplace and granite kitchen will make a wonderful breezy weekend beach house. Or, if you like you could build a single family home on this lot or buy the one just to the North (also for sale) and build a larger one. Builders and developers -- build two single family homes at the same time and rather than sell as townhomes, they'd be single family homes. See agent notes for particulars regarding details of this trust estate sale.

Last Agent to Sell the Property

Lauren Perreault

Fiv Realty Co. License #01517010 Listed on: 09/09/2013

Last Buyer's Agent

Susan Gebele

REMAX AEGIS License #01904605

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,759

Year Built

  • Built in 1952

Lot Details

  • 1,349 Sq Ft Lot
  • Wood Fence
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Cottage
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 520 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Wood Frame Window
  • Sliding Doors
  • Living Room with Fireplace
  • Tile Flooring
  • Breakfast Bar

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Urban Location
  • Wall Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 31
  • Assessor Parcel Number 4177009018

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,759

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Architectural Style: Cottage
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4177009018
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 520.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar
  • Fireplace Features: Living Room, Wood Burning
  • Levels: One
  • Price Per Square Foot: 1836.54
  • Room Type: All Bedrooms Down
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 1349.00
  • Lot Size Acres: 0.0310

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1349.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2013
Closed on
Oct 11, 2013
Sold by
Union Bank Na
Bought by
Prakash Sri and Prakash Christine
Seller's Agent
Lauren Perreault
Fiv Realty Co.
Buyer's Agent
Susan Gebele
REMAX AEGIS
List Price
$925,000
Sold Price
$955,000
Premium/Discount to List
$30,000
3.24%
Current Estimated Value
$3,858,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,903,114
Avg. Annual Appreciation
12.36%
Original Mortgage
$625,000
Outstanding Balance
$468,909
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$3,389,205

Purchase Details

Closed on
Jan 28, 2004
Sold by
Switzer Norman and Switzer Irma
Bought by
Switzer Norman
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
Prakash Sri $955,000 Chicago Title Company
Switzer Norman -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prakash Sri $625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2013 11/05/13 Sold $955,000 +2.8% $1,837 / Sq Ft
10/07/2013 10/07/13 Pending -- -- --
09/09/2013 09/09/13 Price Changed $929,000 +0.4% $1,787 / Sq Ft
09/09/2013 09/09/13 For Sale $925,000 -- $1,779 / 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 $23,759 $2,117,743 $1,170,692 $947,051
2024 $23,759 $2,076,220 $1,147,738 $928,482
2023 $23,179 $2,035,511 $1,125,234 $910,277
2022 $22,779 $1,995,600 $1,103,171 $892,429
2021 $22,388 $1,956,472 $1,081,541 $874,931
2019 $21,787 $1,898,444 $1,049,463 $848,981
2018 $21,375 $1,861,221 $1,028,886 $832,335
2016 $11,052 $988,933 $791,147 $197,786
2015 $10,824 $974,080 $779,264 $194,816
2014 $10,675 $955,000 $764,000 $191,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13183336

California Regional Multiple Listing Service (CRMLS)

APN: 4177-009-018