NOT LISTED FOR SALE

507 N Gower St Los Angeles, CA 90004

Larchmont Neighborhood

Estimated Value: $2,099,330 - $2,328,000

4 Beds
2 Baths
1,849 Sq Ft
$1,198/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $1,950,000 $1,055 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $13,666/month

8 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Breakfast Bar
  • Farmhouse Style Home
  • Covered Patio or Porch
  • Studio bedroom

About This Home

As of September 2021

Character driven 1921 two story Nantucket farmhouse in the heart of Larchmont Village. This lushly landscaped private 4 bedroom, 2 bathroom oasis feels like a home that was relocated from the New England seaside. Large living room with built-in cabinets/bookshelves, built-in corner seating with storage and decorative fireplace. Dining room with original built-in corner cabinets. Renovated kitchen with center island/breakfast bar with prep sink, generous custom cabinetry, Bertazzoni range, wide plank floors, and much more. French doors from the kitchen and dining room flow to a covered outdoor patio. Remodeled bathroom with heated floors, Duravit fixtures round out the main floor. Upstairs has a flexible floor plan with 4 bedrooms and remodeled hallway bathroom with Waterworks fixtures. Behind two car garage, the perfect artist studio/office/yoga retreat with vaulted ceilings, skylight, climate control (add'l 193 sq ft). Private fenced in rear yard has a brick patio, built-in barbeque/refrigerator, vegetable garden, and much more. Newer HVAC system, tankless water heater, retrofitted foundation, built-in speaker system, insulated attic. automatic pet door, and more. Close proximity to Larchmont Village shops, restaurants, coffee shops, farmers market.

Last Agent to Sell the Property

Peter Buonocore

Keller Williams Larchmont License #01279107 Listed on: 08/12/2021

Keller Williams Larchmont

Last Buyer's Agent

Derek Lester

Compass License #01921397

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,900

Year Built

  • Built in 1921

Lot Details

  • 5,605 Sq Ft Lot
  • Lot Dimensions are 50x112
  • Property is zoned LAR1

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Farmhouse Style Home

Interior Spaces

  • 1,849 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Studio bedroom

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5523-017-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,900

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Farm House
  • Street Number Display: Yes
  • Living Area: 1849
  • Lot Acreage: 0.1287
  • Lot Dimensions: 50x112
  • Stories: 2
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative, Living Room
  • Flooring: Hardwood
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Laundry: In Kitchen
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1024.88

Exterior Features

  • Other Structures: Shed(s)
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5523-017-022
  • Lot Size Area: 5605

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2011
Sold by
Merlis Robert
Bought by
Merlis Robert and Robert Merlis Inter Vivos Trust
Current Estimated Value
$2,214,583

Purchase Details

Closed on
Dec 22, 2003
Sold by
Merlis Robert
Bought by
Merlis Robert and Robert Merlis Inter Vivos Trust Agreemen

Purchase Details

Closed on
Jan 7, 1997
Sold by
Merlis Robert
Bought by
Merlis Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.25%
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
Merlis Robert -- None Available
Merlis Robert -- --
Merlis Robert -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Merlis Robert $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2021 09/24/21 Sold $1,950,000 +2.9% $1,055 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $1,895,000 -- $1,025 / 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 $24,900 $2,069,355 $1,655,484 $413,871
2024 $24,644 $2,028,780 $1,623,024 $405,756
2023 $24,164 $1,989,000 $1,591,200 $397,800
2022 $23,035 $1,950,000 $1,560,000 $390,000
2021 $5,801 $475,916 $329,932 $145,984
2019 $5,628 $461,802 $320,147 $141,655
2018 $5,569 $452,748 $313,870 $138,878
2016 $5,313 $435,169 $301,683 $133,486
2015 $5,236 $428,633 $297,152 $131,481
2014 $5,259 $420,238 $291,332 $128,906
Source: Public Records

Agents Affiliated with this Home

  • Peter Buonocore

    Seller's Agent in 2021

    Peter Buonocore

    Keller Williams Larchmont

    (323) 762-2561

    6 in this area

    78 Total Sales

    Peter Buonocore
    Section Image
  • Derek Lester

    Buyer's Agent in 2021

    Derek Lester

    Compass

    (818) 915-0163

    1 in this area

    41 Total Sales

    Derek Lester
    Section Image
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Map

Source: The MLS

MLS Number: 21-769154

The MLS

APN: 5523-017-022

California Los Angeles County Los Angeles 90004 Larchmont

507 N Gower St, Los Angeles, CA

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