$3,000,000
SOLD NOV 10, 2021 RENTED SEP 14, 2024

500 Salerno Dr Pacific Palisades, CA 90272

4 Beds
3 Baths
3,516 Sq Ft
6,851 Sq Ft Lot

Recently Sold

$853 Per Sq Ft

6% Below List Price

28 Days on Market

Highlights

  • Ocean View
  • Fireplace in Primary Bedroom
  • No HOA
  • Garage Apartment
  • Wood Flooring
  • Den

About This Home

As of November 2021

This two story home is ideally located in the Marquez Knolls on a corner lot with a manicured zen lawn. The main floor offers great space, seamlessly flowing from room to room. A front den/office area is tucked away just off the entry with a fireplace and lots of natural light. The formal living and dining room sit just off the kitchen with double doors offering privacy and distance from three downstairs bedrooms. The large primary suite is located upstairs with plentiful closet space and a spacious bathroom offering double sinks and an oversized tub & shower. Enjoy your morning coffee off your private balcony overlooking peeks of the ocean on clear days. Additional amenities include an elevator, generator, outdoor built-in BBQ and a Koi Pond with a flowing water feature. BONUS separate living quarters above the 2-car detached garage with its own kitchen and bathroom. Bring your ideas and put your own touches on this special home that has been loved and cared for over the years. Close to Marquez elementary with quick and easy access to the beach, parks, shops and restaurants. .

Last Agent to Sell the Property

Amy Hollingsworth

Compass License #01084312 Listed on: 10/01/2021

Compass

Co-Listed By

Jamie Leff

Compass License #01400794

Last Buyer's Agent

Fariba Bolour

Sotheby's International Realty License #01490929

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,854

Year Built

  • Built in 1948

Lot Details

  • 6,851 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Garage Apartment

Interior Spaces

  • 3,516 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Built-In Features
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Ocean Views
  • Alarm System
  • Laundry Room

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Outdoor Features

  • Open Patio
  • Outdoor Grill

Utilities

  • Central Heating
  • Sewer in Street

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4415-014-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,854

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Disability Access: Handicap Access, Customized Wheelchair Accessible
  • Living Area: 3516
  • Lot Acreage: 0.1573
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Elevator
  • Fireplace Rooms: Master Bedroom, Living Room, Family Room
  • Flooring: Carpet, Hardwood, Mixed
  • Bedrooms: 4
  • Fireplaces: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside, Laundry Closet Stacked
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Barbeque, Built-Ins, Alarm System, Garbage Disposal, Elevator, Dishwasher, Refrigerator, Range/Oven, Freezer
  • Fireplace: Yes
  • Price Per S Q F T: 908.70

Exterior Features

  • Other Structures: Other
  • Patio: Rock/Stone
  • Pool: No
  • Spa Yn: No
  • View: Tree Top, Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Detached, Garage Is Detached, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4415-014-001
  • Lot Size Area: 6851

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Oct 28, 2021
Sold by
Donald Dunn Vp Capital Bank & Trust Co
Bought by
500 Salerno Dr Llc
Seller's Agent
Amy Hollingsworth
Compass
Buyer's Agent
Fariba Bolour
Sotheby's International Realty
List Price
$3,195,000
Sold Price
$3,000,000
Premium/Discount to List
-$195,000
-6.1%
Current Estimated Value
$3,136,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,389
Avg. Annual Appreciation
1.50%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,000,000 Fidelity National Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2024 09/14/24 Rented $8,500 0.0% --
08/23/2024 08/23/24 Price Changed $8,500 -15.0% $2 / Sq Ft
07/24/2024 07/24/24 Price Changed $10,000 -9.1% $3 / Sq Ft
06/27/2024 06/27/24 Price Changed $11,000 -15.4% $3 / Sq Ft
06/22/2024 06/22/24 For Rent $13,000 0.0% --
11/10/2021 11/10/21 Sold $3,000,000 -6.1% $853 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $3,195,000 -- $909 / 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 $37,854 $1,655,485 $1,655,485 --
2024 $37,854 $3,121,200 $2,496,960 $624,240
2023 $37,114 $3,060,000 $2,448,000 $612,000
2022 $35,375 $3,000,000 $2,400,000 $600,000
2021 $19,641 $1,645,990 $922,903 $723,087
2020 $19,843 $1,629,113 $913,440 $715,673
2019 $19,049 $1,597,171 $895,530 $701,641
2018 $18,941 $1,565,855 $877,971 $687,884
2016 $18,098 $1,505,053 $843,879 $661,174
2015 $17,831 $1,482,447 $831,204 $651,243
2014 $17,884 $1,453,409 $814,922 $638,487
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-790434

The MLS

APN: 4415-014-001