NOT LISTED FOR SALE

502 Richmond St El Segundo, CA 90245

Estimated Value: $2,643,000 - $3,051,000

4 Beds
3.5 Baths
3,587 Sq Ft
$820/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $2,775,000 $774 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $18,644/month

1 Day on Market

Highlights

  • Wood Flooring
  • Loft
  • Corner Lot
  • Richmond Street Elementary School Rated A
  • Sun or Florida Room
  • 3-minute walk to Library Park

About This Home

As of June 2023

Welcome to this extraordinary property situated in an exceptional location, making it an entertainer's paradise. The seamless integration of Spanish architectural elements with a contemporary and stylish addition offers a remarkable living space totaling nearly 3,600 square feet, combining indoor and outdoor living.

Encompassing a generous 7,000 square feet, this corner lot boasts a south-facing yard that captures abundant sunlight, complemented by picturesque gardens, a cozy firepit, and multiple inviting sitting areas.

The kitchen, a charming embodiment of Spanish style, showcases newly installed quartz countertops and elegantly painted cabinets. With three bedrooms, two and a half bathrooms, a family room/rec room, and an office seamlessly integrated into the addition, this home caters to your every need.

The expansive family/rec/gym area features a stunning two-story space, accentuated by a floating staircase leading to a mezzanine floor housing a private office. Illuminated by over 25 feet of sliding glass doors, this area effortlessly connects to the yard and patio, creating a seamless indoor-outdoor experience.

For added convenience, a separate 890-square-foot unit with one bedroom and one bathroom offers a delightful retreat or an opportunity for rental income. Accommodating all your vehicles and more, the spacious three-car garage includes a Tesla charging station and ample space for your recreational equipment.

Nestled along a picturesque tree-lined street, this remarkable property provides easy access to the charming Main Street, with its array of shops and restaurants. Experience the epitome of luxurious living in this captivating home.

Last Agent to Sell the Property

Bill Ruane

Estate Properties License #00972400 Listed on: 05/26/2023

Estate Properties

Last Buyer's Agent

Holly Socrates

Vista Sotheby’s International Realty License #02095796

Vista Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,299

Year Built

  • Built in 1926

Lot Details

  • 7,002 Sq Ft Lot
  • Wood Fence
  • Stucco Fence
  • Corner Lot
  • Garden
  • Back and Front Yard
  • Property is zoned ESR2YY

Parking

  • 3 Car Garage
  • Parking Available

Interior Spaces

  • 3,587 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Recessed Lighting
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Loft
  • Sun or Florida Room
  • Home Gym
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Gas Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Soaking Tub
  • Walk-in Shower

Outdoor Features

  • Patio
  • Front Porch

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 18 / 75
  • Tax Tract Number 6201
  • Assessor Parcel Number 4136006010

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,299

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: ESR2YY
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4136006010
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3587.00 Square Feet
  • Interior Amenities: Built-in Features, Recessed Lighting
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 773.63
  • Room Type: Exercise Room, Family Room, Kitchen, Laundry, Living Room, Loft, Sun
  • Bathroom Features: Shower, Soaking Tub
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Stucco Wall, Wood
  • Patio And Porch Features: Patio, Front Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: El Segundo Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Garden
  • Lot Size Sq Ft: 7002.00
  • Lot Size Acres: 0.1607

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7002.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 75
  • Tax Census Tract: 6201.02
  • Tax Lot: 18
  • Tax Tract Number: 6201

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Jul 26, 2023
Sold by
Living Trust
Bought by
Living Trust and Flores
Seller's Agent
Bill Ruane
Estate Properties
Buyer's Agent
Holly Socrates
Vista Sotheby’s International Realty
List Price
$2,799,000
Sold Price
$2,775,000
Premium/Discount to List
-$24,000
-0.86%
Views
149
Current Estimated Value
$2,943,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,012
Avg. Annual Appreciation
2.78%
Original Mortgage
$2,775,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 26, 2023
Closed on
Jun 7, 2023
Sold by
Revocabl Kenneth and Revocabl Karen
Bought by
Living Trust and Flores
Seller's Agent
Bill Ruane
Estate Properties
Buyer's Agent
Holly Socrates
Vista Sotheby’s International Realty
List Price
$2,799,000
Sold Price
$2,775,000
Premium/Discount to List
-$24,000
-0.86%
Views
149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,775,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2021
Sold by
Reiter Kenneth and Reiter Karen
Bought by
Reiter Kenneth and Reiter Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2020
Sold by
Reiter Kenneth and Reiter Karen
Bought by
Reiter Kenneth and Reiter Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2014
Sold by
Reiter Ken and Reiter Karen
Bought by
Kenneth Reiter & Karen Reiter Revocable

Purchase Details

Closed on
Dec 23, 2009
Sold by
Reiter Karen and Kleeschulte Karen J
Bought by
Reiter Ken and Reiter Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2001
Sold by
Growdon William A and Stark Tiffany R
Bought by
Kleeschulte Karen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.62%

Purchase Details

Closed on
Jul 14, 1999
Sold by
Foster Keddie Kevin S and Foster Cameron E
Bought by
Growdon William A and Stark Tiffany R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.75%
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
Living Trust -- None Listed On Document
Living Trust $2,775,000 Fidelity National Title
Reiter Kenneth -- Amrock Llc
Reiter Kenneth -- Amrock Llc
Reiter Kenneth -- None Available
Reiter Kenneth -- Amrock Inc
Kenneth Reiter & Karen Reiter Revocable -- None Available
Reiter Ken -- American Coast Title Company
Kleeschulte Karen J $700,000 Fidelity National Title Co
Growdon William A $440,000 American Coast Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Living Trust $1,735,000
Previous Owner Living Trust $2,775,000
Previous Owner Kenneth Reiter $1,950,000
Previous Owner Reiter Kenneth $504,000
Previous Owner Reiter Kenneth $500,000
Previous Owner Reiter Ken $511,825
Previous Owner Reiter Ken $545,000
Previous Owner Kleeschulte Karen J $596,500
Previous Owner Kleeschulte Karen J $560,000
Previous Owner Growdon William A $352,000
Previous Owner Foster Keddie Kevin S $336,000
Closed Kleeschulte Karen J $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $2,775,000 -0.9% $774 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $2,799,000 -- $780 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $31,299 $2,850,312 $1,992,651 $857,661
2024 $31,299 $2,794,425 $1,953,580 $840,845
2023 $9,785 $867,981 $620,345 $247,636
2022 $9,890 $850,963 $608,182 $242,781
2021 $9,744 $834,278 $596,257 $238,021
2020 $9,561 $825,725 $590,144 $235,581
2019 $9,412 $809,535 $578,573 $230,962
2018 $8,797 $793,663 $567,229 $226,434
2016 $8,530 $762,846 $545,203 $217,643
2015 $8,423 $751,388 $537,014 $214,374
2014 $8,243 $736,670 $526,495 $210,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23091912

California Regional Multiple Listing Service (CRMLS)

APN: 4136-006-010