NOT LISTED FOR SALE

5022 Palomar Dr Tarzana, CA 91356

Estimated Value: $2,201,000 - $2,641,000

4 Beds
2.5 Baths
3,181 Sq Ft
$753/Sq Ft Est. Value

Last Sold May 14, 2020

Last sale price $1,590,000 $500 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $14,748/month

39 Days on Market

Highlights

  • In Ground Pool
  • Sauna
  • Fireplace in Primary Bedroom
  • Gaspar De Portola Middle School Rated A-
  • Primary Bedroom Suite
  • Wood Flooring

About This Home

As of May 2020

Magnificent South of the Blvd 4 Bedroom - 2 ½ Bathroom Private Sprawling Tarzana Estate! This 3,100 + Sq. Ft. Single-Story Home welcomes you to its open living space with step down Living Room, Vaulted Wood Ceilings and Skylights! Dining Room with Bar, Wine Fridge and Fireplace! Gorgeous Hardwood Flooring! Gourmet Island Kitchen with Dining Area, Pantry, and Stainless-Steel Appliances! Large Master Suite with Fireplace, and his & her Walk-In Closets! Luxurious Master Bath with Tub, Shower, Sauna, and Skylights that provide plenty of Natural Light! This Spectacular Home also includes 2 Spacious Bedrooms plus an additional Office/Bedroom! French Doors throughout the Home transport you to the Breathtaking Entertainer’s Outdoor Space with Captivating Pool & Spa, Indoor/Outdoor Theater Room with Fireplace, Mature Trees, and Custom Bar with BBQ! This truly Incredible Smart Home Features Nest, Ring System, Lutron Lighting, Sonos, Security Cameras, and iAquaLink!

Last Agent to Sell the Property

Ken Marker

Rodeo Realty License #00977263 Listed on: 02/27/2020

Rodeo Realty

Co-Listed By

Corey Brown

No Firm Affiliation License #01166362

Last Buyer's Agent

Billy Wynn

RE/MAX One License #00952537

RE/MAX One

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,163

Year Built

  • Built in 1960

Lot Details

  • 0.4 Acre Lot
  • Front and Back Yard Sprinklers
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Circular Driveway

Interior Spaces

  • 3,181 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • High Ceiling
  • Living Room
  • Sauna
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Kitchen Island
  • Stone Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Outdoor Features

  • In Ground Pool
  • Patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 22791
  • Assessor Parcel Number 2175004009

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,163

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2175004009
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3181.00 Square Feet
  • Interior Amenities: High Ceilings, Pantry, Stone Counters, Wet Bar
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Master Bedroom
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 499.84
  • Room Type: Kitchen, Laundry, Living Room, Master Suite, Sauna, Walk-In Closet
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Patio
  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Circular Driveway, Concrete, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft, Sprinklers In Front, Sprinklers In Rear, Yard
  • Lot Size Sq Ft: 17431.00
  • Lot Size Acres: 0.4002

Multi Family

  • Lease Considered: No
  • Lot Size Area: 17431.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 24
  • Tax Tract Number: 22791

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2023
Sold by
Friedman David
Bought by
Friedman David
Current Estimated Value
$2,382,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$581,831
Interest Rate
6.33%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,814,808

Purchase Details

Listed on
Feb 27, 2020
Closed on
May 1, 2020
Sold by
Friedman Lois I
Bought by
Friedman David
Seller's Agent
Ken Marker
Rodeo Realty
Buyer's Agent
Billy Wynn
RE/MAX One
List Price
$1,575,000
Sold Price
$1,590,000
Premium/Discount to List
$15,000
0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%
Original Mortgage
$800,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2020
Sold by
Cohen Scott M and Cohen Perri
Bought by
Friedman David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2003
Sold by
Cohen Scott M and Cohen Perri
Bought by
Cohen Scott M and Cohen Perri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
5.54%
Mortgage Type
Unknown
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
Friedman David -- First American Title
Friedman David -- Progressive Title
Friedman David $1,590,000 Progressive Title
Cohen Scott M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Friedman David $600,000
Previous Owner Friedman David $800,000
Previous Owner Cohen Scott M $400,000
Previous Owner Cohen Scott M $415,000
Previous Owner Cohen Scott M $425,000
Previous Owner Cohen Scott M $200,000
Previous Owner Cohen Scott M $190,000
Previous Owner Cohen Scott M $50,000
Previous Owner Cohen Scott M $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2020 05/14/20 Sold $1,590,000 +1.0% $500 / Sq Ft
04/08/2020 04/08/20 For Sale $1,575,000 -0.9% $495 / Sq Ft
03/23/2020 03/23/20 Off Market $1,590,000 -- --
02/27/2020 02/27/20 For Sale $1,575,000 -- $495 / 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 $21,163 $1,738,892 $1,243,473 $495,419
2024 $21,163 $1,704,797 $1,219,092 $485,705
2023 $20,757 $1,671,371 $1,195,189 $476,182
2022 $19,820 $1,638,600 $1,171,754 $466,846
2021 $19,577 $1,606,472 $1,148,779 $457,693
2020 $10,467 $821,393 $583,361 $238,032
2019 $10,067 $805,288 $571,923 $233,365
2018 $9,896 $789,499 $560,709 $228,790
2016 $9,432 $758,843 $538,937 $219,906
2015 $9,297 $747,445 $530,842 $216,603
2014 $9,333 $732,805 $520,444 $212,361
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20042335

California Regional Multiple Listing Service (CRMLS)

APN: 2175-004-009