NOT LISTED FOR SALE

Estimated Value: $8,455,000 - $10,462,625

5 Beds
6.5 Baths
6,150 Sq Ft
$1,510/Sq Ft Est. Value

Last Sold October 29, 2018

Last sale price $7,200,000 $1,171 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $56,754/month

4 Days on Market

Highlights

  • Wine Cellar
  • Projection Room
  • Views of Trees
  • Roosevelt Elementary School Rated A+
  • In Ground Pool
  • Maid or Guest Quarters

About This Home

As of October 2018

Impeccable brand new 3 story traditional home North of Montana in prime Santa Monica. Perfect indoor/outdoor flow and great sense of space & light captures the essence of coastal living. Conveniently located close to Montana shops/dining, the Ocean Avenue bluff & the beach. Upstairs features the Master retreat with elegant large Master bath & 2 custom walk-in closets. 3 Additional en-suite bedrooms & convenient secondary laundry closet make up the upstairs. Main level features living & dining rooms, office, bar, gourmet chef's kitchen & breakfast area which opens to family room and outdoor patio leading to sparkling pool/spa. Lower level has large guest suite, laundry, gym w/bath, oversized media/theatre room, wine cellar and bar. Wired for the latest tech that fits the modern lifestyle, while rooted in timeless classic design. Unable to be built under new building codes, this is a once in a lifetime opportunity to acquire a magnificent new home in the best location in Santa Monica.

Last Agent to Sell the Property

Tim Mullin

Compass License #01878181 Listed on: 08/23/2018

Compass

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $92,460

Year Built

  • Built in 2018

Lot Details

  • 7,515 Sq Ft Lot
  • Property is zoned SMR1*

Home Design

  • Traditional Architecture

Interior Spaces

  • 6,150 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • Entryway
  • Wine Cellar
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Projection Room
  • Home Theater
  • Home Office
  • Home Gym
  • Wood Flooring
  • Views of Trees
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Heated Spa
  • Gas Heated Pool

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4280-013-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$92,460

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 6150
  • Stories: 2
  • Year Built: 2018
  • Number Of Photos: 43
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Hardwood
  • Bedrooms: 5
  • Full Bathroom: 6
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Laundry Area
  • Maids Room: 1
  • Total Bathrooms: 7.00
  • Den: 1
  • Equipment: Barbeque, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1218.70

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated with Gas
  • Pool: Yes
  • Spa: Heated
  • Spa Yn: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4280-013-015
  • Geocode Override: No
  • Lot Size Area: 7515

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2021
Sold by
Yadegar Jack
Bought by
Chu Eugene and Chu Julie
Current Estimated Value
$9,287,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,460,308
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$4,827,598

Purchase Details

Closed on
Dec 26, 2019
Sold by
Yadegar Jack and Yadegar Rebecca
Bought by
Yadegar Jack

Purchase Details

Listed on
Aug 23, 2018
Closed on
Oct 2, 2018
Sold by
Metsa Properties Llc
Bought by
Yadegar Jack and Yadegar Rebecca
Seller's Agent
Tim Mullin
Compass
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$7,495,000
Sold Price
$7,200,000
Premium/Discount to List
-$295,000
-3.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.76%
Original Mortgage
$5,400,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2015
Closed on
Dec 1, 2015
Sold by
Ortenberg Thomas and Ortenberg Robin
Bought by
Metsa Properties Llc and Simcore Properties Llc
Seller's Agent
Richard Stearns
Compass
Buyer's Agent
Tim Mullin
Compass
List Price
$2,895,000
Sold Price
$3,130,000
Premium/Discount to List
$235,000
8.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.41%

Purchase Details

Closed on
Sep 24, 2001
Sold by
Nedjat Halem Farhad Isaac and Nedjat Halem Frances
Bought by
Ortenberg Thomas and Ortenberg Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.87%

Purchase Details

Closed on
Apr 19, 2001
Sold by
Nedjat Halem Fereldoon Reuben and Nedjat Halem Fariba
Bought by
Nedjat Halem Farhad Isaac and Nedjat Halem Frances

Purchase Details

Closed on
May 27, 1998
Sold by
Nedjat Haiem Farhad and Nedjat Frances
Bought by
Nedjat Haiem Farhad Isaac and Nedjat Haiem Frances

Purchase Details

Closed on
Sep 11, 1997
Sold by
Haiem Living Trust Nedjat Haiem Fereidoon R C and Nedjat Haiem Farhad
Bought by
Nedjat Haiem Farhad Isaac and Nedjat Haiem Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 3, 1993
Sold by
Nedjat Haiem Fereidoon Reuben and Nedjat Haiem Fariba
Bought by
Nedjat Haiem Fereidoon Reuben and Nedjat Haiem Fariba
Source: Public Records

Range of Values:

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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
Chu Eugene $7,456,000 Lawyers Title
Yadegar Jack -- None Available
Yadegar Jack $7,200,000 Chicago Title Company
Metsa Properties Llc $3,130,000 Lawyers Title
Ortenberg Thomas $1,025,000 Provident Title Company
Nedjat Halem Farhad Isaac -- --
Nedjat Haiem Farhad Isaac -- --
Nedjat Haiem Farhad Isaac -- Investors Title Company
Nedjat Haiem Fereidoon Reuben -- --
Nedjat Haiem Farhad Isaac -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Eugene $5,000,000
Previous Owner Yadegar Jack $5,400,000
Previous Owner Metsa Properties Llc $1,878,000
Previous Owner Ortenberg Thomas $733,000
Previous Owner Ortenberg Thomas $739,000
Previous Owner Ortenberg Thomas $741,000
Previous Owner Ortenberg Thomas $750,000
Previous Owner Boyd Ladrena $48,000
Previous Owner Nedjat Haiem Farhad Isaac $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2018 10/29/18 Sold $7,200,000 -3.9% $1,171 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
08/23/2018 08/23/18 For Sale $7,495,000 0.0% $1,219 / Sq Ft
03/01/2016 03/01/16 Rented $5,500 -8.3% --
02/15/2016 02/15/16 For Rent $5,995 0.0% --
12/08/2015 12/08/15 Sold $3,130,000 +8.1% $1,932 / Sq Ft
11/09/2015 11/09/15 For Sale $2,895,000 -- $1,787 / 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 $92,460 $8,070,178 $5,648,671 $2,421,507
2024 $92,460 $7,911,940 $5,537,913 $2,374,027
2023 $90,992 $7,756,805 $5,429,327 $2,327,478
2022 $89,926 $7,604,712 $5,322,870 $2,281,842
2021 $87,314 $7,420,083 $4,452,050 $2,968,033
2020 $86,728 $7,344,000 $4,406,400 $2,937,600
2019 $85,511 $7,200,000 $4,320,000 $2,880,000
2018 $37,529 $3,256,451 $2,605,161 $651,290
2016 $36,207 $3,130,000 $2,504,000 $626,000
2015 $14,978 $1,259,914 $1,106,271 $153,643
2014 $14,767 $1,235,235 $1,084,601 $150,634
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-375756

The MLS

APN: 4280-013-015