NOT LISTED FOR SALE

5022 Ranchito Ave Sherman Oaks, CA 91423

Estimated Value: $3,070,000 - $3,449,000

5 Beds
5.5 Baths
4,236 Sq Ft
$755/Sq Ft Est. Value

Last Sold June 22, 2018

Last sale price $2,129,000 $503 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $19,231/month

113 Days on Market

Highlights

  • Detached Guest House
  • Wine Cellar
  • Mountain View
  • Chandler Elementary Rated A-
  • Heated In Ground Pool
  • Wood Flooring

About This Home

As of June 2018

Encompassing over 4700 sqft on an oversized 8500 sqft lot, in this highly coveted Sherman Oaks neighborhood, is a resemblance to a Montecito Spanish Farmhouse. A stately two-story entry hall with 30 foot ceilings, surrounded by stunning black iron railings, rich dark floors, beautiful wood beamed ceiling in the kitchen, a fireplace mantel imported from Europe, each bathroom unique and custom designed, all of these elements literally taking Spanish style to new heights of ultimate luxury. A custom built refrigerated wine cellar straight out of the Spanish countryside is adorned with actual reclaimed wine barrel floors. The kitchen is an exquisite showplace and focal point of the house with Thermador appliances and a hidden walk-in pantry! The large formal dining room, with stunning Fleetwood doors, seamlessly connects the interior to the expansive exterior grounds. Fantastic outdoor fireplace, outdoor kitchen and island, large swimming pool and spa, AND a freestanding guest house!

Last Agent to Sell the Property

Erika Rudner

Sotheby's International Realty License #01986030 Listed on: 01/11/2018

Sotheby's International Realty

Last Buyer's Agent

Joseph Neuah

License #01255918

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 8,493 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage

Home Design

  • Spanish Architecture

Interior Spaces

  • 4,236 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wine Cellar
  • Den with Fireplace
  • Wood Flooring
  • Mountain Views
  • Walk-In Pantry
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Pool

  • Heated In Ground Pool
  • Heated Spa

Utilities

  • Air Conditioning
  • Central Heating

Additional Features

  • Outdoor Grill
  • Detached Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2269-005-006

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 4236
  • Stories: 2
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den
  • Flooring: Wood
  • Bedrooms: 5
  • Fireplaces: 1
  • Full Bathroom: 5
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 6.00
  • Equipment: Barbeque
  • Fireplace: Yes
  • Price Per S Q F T: 518.18

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Heated
  • Pool: Yes
  • Spa: Heated
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Attached

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2269-005-006
  • Geocode Override: No
  • Lot Size Area: 8493

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2019
Sold by
Richman Michael P and Richman Devra
Bought by
Richman Michael P and Richman Devra M
Current Estimated Value
$3,197,690

Purchase Details

Listed on
Jan 11, 2018
Closed on
May 8, 2018
Sold by
Community Rebuild Partners Llc
Bought by
Richman Michael P and Richman Devra
Seller's Agent
Erika Rudner
Sotheby's International Realty
Buyer's Agent
Joseph Neuah
List Price
$2,295,000
Sold Price
$2,129,000
Premium/Discount to List
-$166,000
-7.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$1,277,400
Outstanding Balance
$1,102,407
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$2,095,283

Purchase Details

Listed on
Aug 18, 2016
Closed on
Nov 14, 2016
Sold by
Rice Joel
Bought by
Community Rebuild Partners Llc
Seller's Agent
Michelle Hirsch
Equity Union
Buyer's Agent
Michelle Hirsch
Wish Sothebys Intl. Realty
List Price
$1,799,000
Sold Price
$1,645,000
Premium/Discount to List
-$154,000
-8.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.36%
Original Mortgage
$1,300,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2013
Sold by
Rice Ronni
Bought by
Rice Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2006
Sold by
Ohayon Michael
Bought by
Rice Joel and Rice Ronni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,039,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2003
Sold by
Lewis Janet Marie
Bought by
Ohayon Michael and Ohayon Haya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.85%

Purchase Details

Closed on
Feb 7, 2000
Sold by
Lewis Hazle P
Bought by
Lewis Hazle P and Lewis Janet Marie

Purchase Details

Closed on
Aug 16, 1999
Sold by
Lewison Hazle P
Bought by
Lewis Hazle P and Lewis Janet Marie

Purchase Details

Closed on
Apr 2, 1999
Sold by
Lewison Helen J
Bought by
Lewis Hazle P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Richman Michael P -- None Available
Richman Michael P $2,129,000 Lawyers Title
Community Rebuild Partners Llc $1,645,000 Lawyers Title Insurance Corp
Rice Joel -- Lawyers Title Co
Rice Joel $1,485,000 New Century Title Glendale
Ohayon Michael $470,000 First American Title Co
Lewis Hazle P -- Lawyers Title Company
Lewis Hazle P -- First American
Lewis Hazle P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richman Michael P $1,277,400
Previous Owner Community Rebuild Partners Llc $1,300,000
Previous Owner Rice Joel $1,200,000
Previous Owner Rice Joel $1,039,500
Previous Owner Ohayon Michael $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2018 06/22/18 Sold $2,129,000 -3.0% $503 / Sq Ft
03/16/2018 03/16/18 Price Changed $2,195,000 -4.4% $518 / Sq Ft
01/11/2018 01/11/18 For Sale $2,295,000 +39.5% $542 / Sq Ft
12/09/2016 12/09/16 Sold $1,645,000 -8.6% $388 / Sq Ft View Prior Sale
11/10/2016 11/10/16 Pending -- -- --
08/18/2016 08/18/16 For Sale $1,799,000 -- $425 / 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 $28,934 $2,422,433 $1,284,606 $1,137,827
2024 $28,934 $2,374,935 $1,259,418 $1,115,517
2023 $28,369 $2,328,369 $1,234,724 $1,093,645
2022 $27,041 $2,282,715 $1,210,514 $1,072,201
2021 $26,703 $2,237,957 $1,186,779 $1,051,178
2019 $25,897 $2,171,580 $1,151,580 $1,020,000
2018 $20,417 $1,677,900 $744,192 $933,708
2016 $20,229 $1,680,679 $672,271 $1,008,408
2015 $15,933 $1,320,000 $528,000 $792,000
2014 $14,772 $1,195,000 $478,000 $717,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Erika Rudner

    Sotheby's International Realty

    Section Image

  • J

    Buyer's Agent in 2018

    Joseph Neuah

  • Michelle Hirsch

    Seller's Agent in 2016

    Michelle Hirsch

    Equity Union

    (818) 512-4226

    14 in this area

    112 Total Sales

    Michelle Hirsch
    Section Image
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Map

Source: The MLS

MLS Number: 18-302668

The MLS

APN: 2269-005-006

California Los Angeles County Sherman Oaks 91423

5022 Ranchito Ave, Sherman Oaks, CA

Not Listed for Sale

Detached

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