NOT LISTED FOR SALE

470 El Medio Ave Pacific Palisades, CA 90272

Estimated Value: $3,960,000 - $5,218,665

5 Beds
5.5 Baths
4,356 Sq Ft
$1,081/Sq Ft Est. Value

Last Sold June 24, 2014

Last sale price $3,715,000 $853 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $30,492/month

8 Days on Market

Highlights

  • Bluff View
  • Fireplace in Primary Bedroom
  • Den
  • Cape Cod Architecture
  • Wood Flooring
  • Breakfast Area or Nook

About This Home

As of June 2014

It's time to smell the Ocean Breeze! Masterful Cape Cod located one block from the beautiful El Medio bluffs. This 5 bedroom 5.5 bath home is situated on a 7,781 sqft; lot featuring 4,356 sqft of living space. Unique Dutch doors, crown moldings, formal dining room, comfortable kitchen with white Carrera marble countertops, stainless steel appliances, open floor plan features formal living room with fireplace and additional living area with bar for entertaining. Upstairs has 4 bedrooms, the master having great patio, fireplace and bonus room/office. Wonderful size backyard gets great sunlight while you utilize built-in BBQ ideal for entertaining.

Last Agent to Sell the Property

Marco Rufo

The Agency License #01362095 Listed on: 05/19/2014

The Agency

Last Buyer's Agent

Steven Moritz

Sotheby's International Realty License #00928961

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,039

Year Built

  • Built in 1950

Lot Details

  • 7,781 Sq Ft Lot
  • Property is zoned LAR1

Property Views

  • Bluff
  • Canyon

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 4,356 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Den
  • Library
  • Laundry Room

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Stone
  • Concrete

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Parking

  • Direct Access Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Open Patio
  • Outdoor Grill

Utilities

  • Central Heating

Community Details

  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4413-019-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,039

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cape Cod
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 4356
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1950
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Carpet, Cement, Hardwood, Stone Tile
  • Bedrooms: 5
  • Fireplaces: 2
  • Full Bathroom: 5
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside, Laundry Area
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Dishwasher, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 837.92

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Bluff, Canyon
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Direct Entrance, Door Opener, Driveway, Garage - 2 Car

Utilities

  • Heating: Central

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4413-019-002
  • Geocode Override: No
  • Lot Size Area: 7781

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2014
Closed on
May 29, 2014
Sold by
Ulbrich Edward J
Bought by
The Ulbrich Family Trust
Seller's Agent
Marco Rufo
The Agency
Buyer's Agent
Steven Moritz
Sotheby's International Realty
List Price
$3,650,000
Sold Price
$3,715,000
Premium/Discount to List
$65,000
1.78%
Current Estimated Value
$4,769,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,054,888
Avg. Annual Appreciation
2.15%
Original Mortgage
$2,500,000
Outstanding Balance
$1,904,254
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,804,301

Purchase Details

Closed on
Sep 18, 2010
Sold by
Burgess Don Michael
Bought by
Ulbrich Edward J and Ulbrich Alexis Gootrad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2004
Sold by
Burgess Don Michael
Bought by
Burgess Don Michael and Burgess Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,489,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2003
Sold by
Burgess Don Michael
Bought by
Burgess Don Michael and Burgess Bonnie

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
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2003
Sold by
Burgess Don Michael
Bought by
Burgess Don Michael and Burgess Bonnie

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
5.89%

Purchase Details

Closed on
Sep 6, 2002
Sold by
Burgess Don and Burgess Bonnie
Bought by
Burgess Don Michael and Burgess Bonnie

Purchase Details

Closed on
Oct 14, 1998
Sold by
Collins Robert G
Bought by
Burgess Don and Burgess Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,600
Interest Rate
6.62%
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
The Ulbrich Family Trust $3,715,000 Fidelity National Title Co
Ulbrich Edward J $2,900,000 Fidelity National Title Co
Burgess Don Michael -- Fidelity National Title Co
Burgess Don Michael -- Fidelity National Title Co
Burgess Don Michael -- Fidelity National Title Co
Burgess Don Michael -- Fidelity National Title Co
Burgess Don Michael -- Fidelity National Title Co
Burgess Don Michael -- --
Burgess Don $807,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elkins Keith D $1,100,000
Closed Elkins Keith D $1,499,000
Open The Ulbrich Family Trust $2,500,000
Previous Owner Ulbrich Edward J $1,810,000
Previous Owner Ulbrich Edward J $420,000
Previous Owner Ulbrich Edward J $1,900,000
Previous Owner Burgess Don Michael $2,000,000
Previous Owner Burgess Don Michael $1,489,000
Previous Owner Burgess Don Michael $1,000,000
Previous Owner Burgess Don Michael $1,000,000
Previous Owner Burgess Don $230,000
Previous Owner Burgess Don $1,520,000
Previous Owner Burgess Don $352,500
Previous Owner Burgess Don $1,312,500
Previous Owner Burgess Don $1,300,000
Previous Owner Burgess Don $250,000
Previous Owner Burgess Don $645,600
Closed Burgess Don Michael $500,000
Closed Burgess Don Michael $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2014 06/24/14 Sold $3,715,000 +1.8% $853 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $3,650,000 -- $838 / 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 $54,039 $1,721,030 $1,721,030 --
2024 $54,039 $4,464,779 $2,595,822 $1,868,957
2023 $52,980 $4,377,235 $2,544,924 $1,832,311
2022 $50,493 $4,291,408 $2,495,024 $1,796,384
2021 $49,883 $4,207,263 $2,446,102 $1,761,161
2019 $48,374 $4,082,475 $2,373,550 $1,708,925
2018 $48,215 $4,002,427 $2,327,010 $1,675,417
2016 $46,130 $3,847,009 $2,236,650 $1,610,359
2015 $45,446 $3,789,224 $2,203,054 $1,586,170
2014 $37,144 $3,030,856 $1,574,373 $1,456,483
Source: Public Records

Agents Affiliated with this Home

  • Marco Rufo

    Seller's Agent in 2014

    Marco Rufo

    The Agency

    (310) 488-6914

    30 in this area

    50 Total Sales

    Section Image
  • Steven Moritz

    Buyer's Agent in 2014

    Steven Moritz

    Sotheby's International Realty

    (310) 871-3636

    1 in this area

    59 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 14-761891

The MLS

APN: 4413-019-002

California Los Angeles County Pacific Palisades 90272

470 El Medio Ave, Pacific Palisades, CA

This home is located at 470 El Medio Ave, Pacific Palisades, CA 90272 since 19 May 2014 and is currently estimated at $4,708,555, approximately $1,080 per square foot. This property was built in 1950. 470 El Medio Ave is a home located in Los Angeles County with nearby schools including Palisades Charter Elementary, Marquez Charter School, and Paul Revere Charter Middle School.

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