NOT LISTED FOR SALE

450 Sherman Canal Venice, CA 90291

Venice Neighborhood

Estimated Value: $4,944,000 - $5,299,000

4 Beds
5 Baths
3,771 Sq Ft
$1,370/Sq Ft Est. Value

Last Sold April 27, 2023

Last sale price $4,995,000 $1,325 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $31,996/month

50 Days on Market

Highlights

  • Primary Bedroom Suite
  • City View
  • Home fronts a canal
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Open Floorplan
  • 5-minute walk to Linnie Canal Park

About This Home

As of April 2023

Exquisite modern residence situated on the historic Venice Canals with an abundance of natural light and multiple areas of outdoor space. Enter through the exterior gate and discover captivating vaulted ceilings in the main living area, extending through sliding glass panels to a large private patio complete with fire-feature and frontage on the canal. The open concept living area with polished concrete floors seamlessly blends into the gourmet kitchen with Miele, Thermador and Wolf appliances, built-in wine fridge and large island. Take the stairs or elevator to the 2nd floor which features 3 spacious bedrooms with custom oak cabinetry, walk-in closets, and wide plank wood flooring. Follow the glass walkway to a 2nd large living room area with sliding glass doors and views overlooking the canal. The 3rd level features an enormous flex room area with sliding door divider, which can act as a second master bedroom, multiple work from home offices, rec and or fitness room. Large sliding glass doors extend the room outward with a large balcony for entertaining. Transition to the spacious Primary Bedroom with high ceilings, large walk-in closet, and en suite bathroom with dual sided fireplace and tub. The home is complete with a stunning massive rooftop entertainment area including a gas fire feature, views toward the Santa Monica Mtns, Venice beach, and canals that perfectly captures those Southern California sunsets. In an ideal location on the canals in the heart of Venice with close proximity to the beach and all the shops and restaurants on Abbot Kinney, this property is a true gem that is not to be missed.

Last Agent to Sell the Property

Michael Grady

The Agency License #01505317 Listed on: 01/11/2023

The Agency

Last Buyer's Agent

Randi Pollock

Equity Union License #01035913

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2017

Lot Details

  • 2,850 Sq Ft Lot
  • Lot Dimensions are 30x95
  • Home fronts a canal
  • Fenced Yard
  • Front Yard
  • Property is zoned LARW1

Parking

  • 2 Car Direct Access Garage
  • 1 Open Parking Space
  • Side by Side Parking
  • Driveway

Property Views

  • City
  • Canal

Home Design

  • Modern Architecture
  • Patio Home
  • Split Level Home
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 3,771 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Two Way Fireplace
  • See Through Fireplace
  • Sliding Doors
  • Family Room on Second Floor
  • Living Room with Fireplace
  • 2 Fireplaces
  • Living Room with Attached Deck
  • Home Office
  • Recreation Room
  • Smart Home

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • Powder Room
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Property is near a canal
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4227-014-004

Home Details

Home Type

Single Family

Year Built

Built in 2017

Lot Details

2,850 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Floor: 1
  • Entry Location: Ground Level - no steps
  • Living Area: 3771
  • Lot Acreage: 0.0654
  • Lot Dimensions: 30x95
  • Probate: Yes
  • Stories: 3
  • Year Built: 2017
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Elevator, High Ceilings (9 Feet+), Recessed Lighting, Living Room Deck Attached, Open Floor Plan, Turnkey, Home Automation System
  • Fireplace Rooms: Living Room, Master Bedroom, Two Way, See Through
  • Flooring: Hardwood, Stained Concrete, Tile
  • Appliances: Built-Ins, Range, Oven, Microwave, Gas, Built-In And Free Standing
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 3
  • Half Bathroom: 2
  • Bedroom Features: Master Bedroom, WalkInCloset, All Bedrooms Up, Master Suite
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Powder Room, Dual Entry (Jack & Jill) Bath, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Counter / Bar
  • Kitchen Features: Island, Open to Family Room
  • Laundry: Inside, Laundry Area, Room
  • Total Bathrooms: 5.00
  • Equipment: Elevator, Microwave, Dishwasher, Range/Oven, Washer, Dryer, Refrigerator, Garbage Disposal, Freezer, Built-Ins, Central Vacuum
  • Fireplace: Yes
  • Price Per S Q F T: 1392.20

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), Sliding Glass Doors, Custom Built
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Roof Top Deck, Patio Open, Balcony, Deck(s)
  • Pool: No
  • Spa Yn: No
  • View: Canal, City, Water, Walk Street
  • View: Yes
  • Waterfront: Canal

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 1
  • Parking Garage: Direct Entrance, Side By Side, Driveway - Concrete, Garage - 2 Car, Garage Is Attached, Private Garage
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4227-014-004
  • Lot Description: Walk Street, Front Yard, Fenced Yard, Sidewalks
  • Lot Location: Water Front, Canal, Patio Home
  • Lot Size Area: 2850

Rental Info

  • Court Approve: Yes
  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Apr 21, 2023
Sold by
Muscarella Mary Jo
Bought by
Joseph P Ryan Trust
Seller's Agent
Michael Grady
The Agency
Buyer's Agent
Randi Pollock
Equity Union
List Price
$5,250,000
Sold Price
$4,995,000
Premium/Discount to List
-$255,000
-4.86%
Views
320
Current Estimated Value
$5,164,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,681
Avg. Annual Appreciation
1.16%

Purchase Details

Listed on
Feb 24, 2014
Closed on
Mar 31, 2014
Sold by
Denitz David
Bought by
Denitz Maureen Leral and The Maureen Leral Denitz Trust
Seller's Agent
Jack Gillespie
Vista Sotheby’s International Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,888,000
Sold Price
$1,725,000
Premium/Discount to List
-$163,000
-8.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.44%

Purchase Details

Listed on
Feb 24, 2014
Closed on
Mar 20, 2014
Sold by
Denitz Maureen Leral
Bought by
Bailly Timothy C
Seller's Agent
Jack Gillespie
Vista Sotheby’s International Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,888,000
Sold Price
$1,725,000
Premium/Discount to List
-$163,000
-8.63%

Purchase Details

Closed on
Sep 12, 2012
Sold by
Denitz Maureen Leral
Bought by
Denitz Maureen Leral and The Maureen Leral Denitz Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Joseph P Ryan Trust $4,995,000 Progressive Title
Denitz Maureen Leral -- Chicago Title Company
Bailly Timothy C $1,600,016 Chicago Title Company
Denitz Maureen Leral -- None Available
Denitz Maureen Leral -- None Available
Leral Murray M -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2023 04/27/23 Sold $4,995,000 -4.9% $1,325 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $5,250,000 +204.3% $1,392 / Sq Ft
04/03/2014 04/03/14 Sold $1,725,000 -8.6% -- View Prior Sale
03/17/2014 03/17/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $1,888,000 -- --
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 $61,479 $5,196,798 $3,121,200 $2,075,598
2024 $61,479 $5,094,900 $3,060,000 $2,034,900
2023 $58,356 $4,835,418 $2,901,251 $1,934,167
2022 $40,923 $3,480,588 $1,848,250 $1,632,338
2021 $40,427 $3,412,342 $1,812,010 $1,600,332
2019 $39,202 $3,311,132 $1,758,266 $1,552,866
2018 $39,097 $3,246,209 $1,723,791 $1,522,418
2016 $19,761 $1,656,855 $1,656,855 $0
2015 $19,467 $1,631,968 $1,631,968 $0
2014 $2,541 $207,117 $207,117 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Grady

    Seller's Agent in 2023

    Michael Grady

    The Agency

    (510) 512-2309

    13 in this area

    59 Total Sales

    Michael Grady
    Section Image
  • Randi Pollock

    Buyer's Agent in 2023

    Randi Pollock

    Equity Union

    (310) 699-1050

    1 in this area

    10 Total Sales

    Randi Pollock
    Section Image

  • J

    Seller's Agent in 2014

    Jack Gillespie

    Vista Sotheby’s International Realty

    Section Image

  • N

    Buyer's Agent in 2014

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    6,355 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: The MLS

MLS Number: 22-212449

The MLS

APN: 4227-014-004

California Los Angeles County Venice 90291 Venice

450 Sherman Canal, Venice, CA

Not Listed for Sale

Detached

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