NOT LISTED FOR SALE

4500 Grimes Place Encino, CA 91316

Estimated Value: $2,010,000 - $2,930,294

4 Beds
3.5 Baths
3,080 Sq Ft
$771/Sq Ft Est. Value

Last Sold January 23, 2019

Last sale price $1,320,000 $429 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $14,022/month

21 Days on Market

Highlights

  • Filtered Pool
  • Panoramic View
  • Living Room with Fireplace
  • Gaspar De Portola Middle School Rated A-
  • Midcentury Modern Architecture
  • Marble Flooring

About This Home

As of January 2019

Magnificent property, mid-century home in the prestigious Lake Encino adjacent on Grimes Place, one level Gem over 3000 SF living space on over 20,000 SF lot. A spectacular and spacious, high ceilings living- room with a cozy fireplace and a great bar. Numerous doors from living-room open to a fabulous back-yard with lush gardens and a fantastic size swimming-pool. Amazing size kitchen, with sun-filled generous size breakfast area, opens in to a beautiful backyard, ideal for entertaining. Great floor plan, 4-bedroom / 4-bathroom, needs TLC, a unique opportunity for owner user or developer upside. Garage is converted to a bonus room with bonus en-suite bath, for a total of 5-bed 5-bath house.

Last Agent to Sell the Property

Tikva Nemani

Casey Bohn License #01514645 Listed on: 11/08/2018

Last Buyer's Agent

Bijan Raphael

Casey Bohn License #01321985

Casey Bohn

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,357

Year Built

  • Built in 1961

Lot Details

  • 0.46 Acre Lot
  • Property is zoned LARA

Property Views

  • Panoramic
  • City
  • Trees
  • Mountain

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 3,080 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bar
  • Formal Entry
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Bonus Room

Kitchen

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

Flooring

  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Spa Bath

Laundry

  • Laundry Room
  • Dryer

Parking

  • Converted Garage
  • Private Parking
  • Driveway

Pool

  • Filtered Pool
  • In Ground Pool
  • Spa
  • Fence Around Pool

Outdoor Features

  • Open Patio

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Powered By Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2184-024-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,357

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Living Area: 3080
  • Stories: 1
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Ceramic Tile, Marble, Mixed, Tile
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 462.66

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Fenced, Filtered, In Ground, Private
  • Pool: Yes
  • Spa: Bath Tub, Private
  • Spa Yn: Yes
  • View: City, Mountains, Panoramic, Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Converted Garage, Driveway - Concrete, Private

Utilities

  • Cooling: Air Conditioning, Central, Gas
  • Heating: Central, Forced Air

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2184-024-010
  • Geocode Override: No
  • Lot Size Area: 20241

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2018
Closed on
Dec 5, 2018
Sold by
Partovy Ramin and Partovy Kathrine
Bought by
Harel Oren and Harel Lucy Elizabeth
Seller's Agent
Tikva Nemani
Casey Bohn
Buyer's Agent
Bijan Raphael
Casey Bohn
List Price
$14,250,000
Sold Price
$1,320,000
Premium/Discount to List
-$12,930,000
-90.74%
Current Estimated Value
$2,374,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,054,824
Avg. Annual Appreciation
9.08%
Original Mortgage
$924,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 10, 2017
Sold by
Partovy Ramin and Partovy Kathrine
Bought by
Partovy Ramin and Partovy Kathrine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 21, 2006
Sold by
Nazarian Roya and Partovy Ramin
Bought by
Partovy Ramin and Partovy Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2002
Sold by
Nazarian Roya
Bought by
Nazarian Roya and Partovy Ramin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.74%

Purchase Details

Closed on
May 22, 2002
Sold by
Partovy Ramin David and Partovy Kathrine Neman
Bought by
Nazarian Roya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.74%

Purchase Details

Closed on
Nov 6, 2001
Sold by
Partovy Ramin
Bought by
Partovy Ramin David and Partovy Kathrine Neman

Purchase Details

Closed on
Nov 1, 1999
Sold by
Nazarian Roya and Nazarian Roya Partovi
Bought by
Nazarian Simon and Nazarian Roya Partovi

Purchase Details

Closed on
Jun 22, 1994
Sold by
Marvizi Arezoo and Safani Roya
Bought by
Partovy Ramin and Nazarian Roya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
8.6%

Purchase Details

Closed on
Jun 15, 1994
Sold by
Neman Kathrine
Bought by
Partovy Ramin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
8.6%
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
Harel Oren $1,320,000 First American Title Company
Partovy Ramin -- Fntg
Partovy Ramin $400,000 United Title Company
Nazarian Roya -- Fidelity National Title Co
Nazarian Roya -- Fidelity National Title Co
Partovy Ramin David -- --
Nazarian Simon -- --
Partovy Ramin $525,000 American Title Insurance Co
Partovy Ramin -- American Title Insurance Co
Nazarian Roya -- American Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harel Oren $924,000
Previous Owner Partovy Ramin $1,000,000
Previous Owner Partovy Ramin $1,000,000
Previous Owner Nazarian Roya $375,000
Previous Owner Partovy Ramin $393,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2019 01/23/19 Sold $1,320,000 -7.4% $429 / Sq Ft
11/09/2018 11/09/18 Price Changed $1,425,000 -90.0% $463 / Sq Ft
11/08/2018 11/08/18 For Sale $14,250,000 -- $4,627 / 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 $18,357 $1,505,288 $1,030,737 $474,551
2024 $18,357 $1,475,774 $1,010,527 $465,247
2023 $18,006 $1,446,838 $990,713 $456,125
2022 $17,196 $1,418,470 $971,288 $447,182
2021 $16,980 $1,390,658 $952,244 $438,414
2019 $17,618 $1,450,000 $1,160,000 $290,000
2018 $17,758 $1,450,000 $1,160,000 $290,000
2016 $15,189 $1,245,000 $996,000 $249,000
2015 $15,191 $1,245,000 $996,000 $249,000
2014 $15,542 $1,245,000 $996,000 $249,000
Source: Public Records

Agents Affiliated with this Home

  • Tikva Nemani

    Seller's Agent in 2019

    Tikva Nemani

    Casey Bohn

    (310) 777-5134

    4 Total Sales

    Tikva Nemani
    Section Image
  • Bijan Raphael

    Buyer's Agent in 2019

    Bijan Raphael

    Casey Bohn

    (310) 367-1222

    6 Total Sales

    Bijan Raphael
    Section Image
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Map

Source: The MLS

MLS Number: 18-405798

The MLS

APN: 2184-024-010

California Los Angeles County Encino 91316

4500 Grimes Place, Encino, CA

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