NOT LISTED FOR SALE

5041 Palomar Dr Tarzana, CA 91356

Estimated Value: $4,702,000 - $5,915,000

6 Beds
7.5 Baths
5,378 Sq Ft
$1,041/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $5,350,000 $995 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $36,137/month

29 Days on Market

Highlights

  • Tennis Courts
  • Home Theater
  • Gourmet Kitchen
  • Gaspar De Portola Middle School Rated A-
  • Pool House
  • Primary Bedroom Suite

About This Home

As of June 2022

Set behind gates just South of Ventura Blvd sits this stunning Contemporary Spanish estate. Showcasing custom and modern finishes throughout, this home is surrounded by tall hedges and lush greenery offering ample privacy. Boasting immense volume, the fully automated smart home is outfitted with floor to ceiling glass windows and pocket doors filling each room with an abundance of bright, natural light. Featuring 5,400sf, the masterfully designed open concept floor plan includes 6 bedrooms, 8 bathrooms, several living spaces, and a movie theatre. The gourmet chef's kitchen with dual islands, bespoke white cabinetry, and top-of-the-line appliances opens directly to the family room, dining room and outside eating area. Upstairs beyond the bonus room, enter the luxurious primary suite featuring a fireplace, attached deck overlooking the grounds, a spa-like bathroom with rainfall shower-head and a large walk-in closet. The unmatched backyard perfect for relaxation and entertaining hosts a large sparkling pool, spa, sport court, pool house with a stunning bar, al fresco dining bar, and a large grass area.

Last Agent to Sell the Property

Joshua Altman

Douglas Elliman of California, Inc. License #01764587 Listed on: 05/02/2022

Douglas Elliman of California, Inc.

Co-Listed By

Matthew J. Altman

Douglas Elliman of California, Inc. License #01874316

Last Buyer's Agent

Lauren Sumnicht

Compass License #01978200

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $67,724

Year Built

  • Built in 2018

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 124x140
  • Fenced Yard
  • Gated Home
  • Lawn
  • Back and Front Yard
  • Property is zoned LARA

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Driveway
  • Automatic Gate

Property Views

  • Hills
  • Valley

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Turnkey

Interior Spaces

  • 5,378 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar
  • High Ceiling
  • Recessed Lighting
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Bonus Room
  • Home Gym

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Pool House
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Tennis Courts
  • Basketball Court
  • Sport Court
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Fire Pit
  • Built-In Barbecue

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2175-003-002

Community Details

Overview

  • No Home Owners Association

Recreation

  • Sport Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$67,724

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Two, Multi/Split
  • Street Number Display: Yes
  • Living Area: 5378
  • Lot Acreage: 0.4160
  • Lot Dimensions: 124x140
  • Stories: 2
  • Year Built: 2018
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Open Floor Plan, High Ceilings (9 Feet+), Hot Tub, Turnkey, Recessed Lighting, Wet Bar
  • Fireplace Rooms: Fire Pit, Living Room, Master Bedroom, Master Retreat
  • Flooring: Wood, Tile, Mixed
  • Appliances: Built-In BBQ, Built-Ins, Cooktop - Gas, Oven, Range Hood, Range, Microwave, Gas
  • Bedrooms: 6
  • Full Bathroom: 7
  • Half Bathroom: 1
  • Bedroom Features: Dressing Area, Master Suite, WalkInCloset, Master Bedroom, Master Retreat
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Powder Room, Tile, Shower Over Tub, Shower and Tub, Double Vanity(s)
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Breakfast Area, Dining Area, Family Kitchen, In Kitchen, Kitchen Island, Formal Dining Rm
  • Kitchen Features: Counter Top, Island, Gourmet Kitchen, Open to Family Room
  • Laundry: Inside, Room
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Range/Oven, Refrigerator, Dryer, Washer, Dishwasher, Microwave, Freezer
  • Price Per S Q F T: 1003.16

Exterior Features

  • Other Features: High Ceilings (9 Feet+), Barbecue Private, Balcony
  • Other Structures: Pool House
  • Tennis Court: Sport Court, Private Sport Court, Private, Basketball
  • Tennis Court Y/N: Yes
  • Patio: Deck(s), Balcony, Covered, Patio Open
  • Pool Description: In Ground, Heated, Private
  • Pool: Yes
  • Spa: In Ground, Private, Heated
  • Spa Yn: Yes
  • View: Valley, Hills, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Garage, Driveway, Private, Private Garage, Gated
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Fire and Smoke Detection System, Carbon Monoxide Detector(s), Automatic Gate, Smoke Detector, Gated

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2175-003-002
  • Lot Description: Back Yard, Fenced, Fenced Yard, Front Yard, Yard, Lawn
  • Lot Size Area: 18121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2018
Closed on
Nov 21, 2018
Sold by
Palomar Development Llc
Bought by
Shapiro Steven L and The Eggleston Trust
Seller's Agent
Aaron Kirman
Christie's International Real Estate SoCal
Buyer's Agent
Joshua Altman
Douglas Elliman of California, Inc.
List Price
$3,250,000
Sold Price
$3,110,000
Premium/Discount to List
-$140,000
-4.31%
Current Estimated Value
$5,596,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,486,238
Avg. Annual Appreciation
9.22%
Original Mortgage
$2,332,500
Outstanding Balance
$2,015,574
Interest Rate
3.79%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,580,664

Purchase Details

Listed on
Mar 1, 2016
Closed on
Mar 23, 2016
Sold by
Newman Michelle
Bought by
Palomar Development Llc
Seller's Agent
Marc Tahler
Rodeo Realty
Buyer's Agent
Mark Shuter
CURB®
List Price
$1,099,000
Sold Price
$1,100,000
Premium/Discount to List
$1,000
0.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.74%

Purchase Details

Closed on
Nov 13, 2014
Sold by
Newman Michelle
Bought by
Newman Michelle

Purchase Details

Closed on
Mar 11, 2005
Sold by
Myers Marilyn Anne
Bought by
Myers Marilyn Anne

Purchase Details

Closed on
Aug 19, 2004
Sold by
Myers Family Trust
Bought by
Myers Marilyn Anne

Purchase Details

Closed on
Oct 2, 1995
Sold by
Myers Md David B and Myers Marilyn Anne
Bought by
Myers Md David B and Myers Marilyn Anne
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Shapiro Steven L $3,110,000 Western Resources Title Comp
Palomar Development Llc $1,100,000 Progressive Title Company
Newman Michelle -- None Available
Myers Marilyn Anne -- --
Myers Marilyn Anne -- --
Myers Md David B -- --
Myers Md David B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shapiro Steven L $2,332,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $5,350,000 -0.8% $995 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $5,395,000 +73.5% $1,003 / Sq Ft
12/21/2018 12/21/18 Sold $3,110,000 -4.3% $533 / Sq Ft
12/17/2018 12/17/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $3,250,000 +195.5% $557 / Sq Ft
04/07/2016 04/07/16 Sold $1,100,000 +0.1% $391 / Sq Ft
03/05/2016 03/05/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $1,099,000 -- $391 / 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 $67,724 $5,677,462 $3,077,503 $2,599,959
2024 $67,724 $5,566,140 $3,017,160 $2,548,980
2023 $66,399 $5,457,000 $2,958,000 $2,499,000
2022 $39,059 $3,269,162 $1,634,581 $1,634,581
2021 $38,582 $3,205,062 $1,602,531 $1,602,531
2019 $36,959 $3,110,000 $1,555,000 $1,555,000
2018 $21,538 $1,783,040 $1,144,440 $638,600
2016 $2,822 $197,544 $61,698 $135,846
2015 $2,787 $194,578 $60,772 $133,806
2014 $2,724 $190,767 $59,582 $131,185
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-150393

The MLS

APN: 2175-003-002