NOT LISTED FOR SALE

Park Plaza Condominiums 515 Ocean Ave Unit SPHD Santa Monica, CA 90402

North of Montana Neighborhood

Estimated Value: $4,471,000 - $5,023,051

3 Beds
4 Baths
3,175 Sq Ft
$2,783/mo HOA Fee

Last Sold July 16, 2018

Last sale price $2,925,000 $921 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $31,733/month

312 Days on Market

Highlights

  • Concierge
  • White Water Ocean Views
  • 24-Hour Security
  • Roosevelt Elementary School Rated A+
  • Fitness Center
  • 3-minute walk to Palisades Park

About This Home

As of July 2018

Great opportunity to own a 3175 square foot Penthouse in the prestigious Park Plaza building on Ocean Avenue. White water views from the living room and city lights, trees, mountain views from other rooms. In the AM, watch the sunrise from the East and in the PM, watch the sun set to the West. Wrap around windows insure ocean breezes and views from every room. There are 3 bedrooms, a separate den, extra-large living room with windows on all sides, separate dining room, large kitchen, 3 baths and powder room, very high ceilings throughout, fireplace in living room and floor to ceiling windows. All the rooms are very spacious, light and bright. Great floor plan for entertaining. Make this home your own. Pool, spa, gym, concierge, valet and more. Across from Palisades Park, near Montana Ave., Third Street Promenade.

Last Agent to Sell the Property

Kaaren Kurtzman

Compass License #00916566 Listed on: 07/24/2017

Compass

Last Buyer's Agent

Jc Champaneri

Jyot Champaneri License #01763034

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $37,657

Year Built

  • Built in 1976

Lot Details

  • 1.55

HOA Fees

  • $2,783 Monthly HOA Fees

Property Views

  • White Water Ocean
  • Coastline
  • City Lights
  • Mountain
  • Hills

Home Design

  • Penthouse
  • Modern Architecture

Interior Spaces

  • 3,175 Sq Ft Home
  • Built-In Features
  • Entryway
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Center Hall

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Powder Room
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • Garage
  • Converted Garage
  • Side by Side Parking
  • Garage Door Opener
  • Circular Driveway
  • Gated Parking
  • Guest Parking
  • Controlled Entrance

Outdoor Features

  • Heated In Ground Pool
  • Covered Patio or Porch

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4293-008-093

Community Details

Overview

  • 88 Units
  • Low-Rise Condominium
  • 6-Story Property

Amenities

  • Concierge
  • Valet Parking
  • Sauna
  • Meeting Room
  • Card Room
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$37,657

Year Built

Built in 1976

Lot Details

0

HOA Fees

$2,783 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: Park Plaza
  • Entry Floor: 6
  • Living Area: 3175
  • Planned Urban Dev: 1
  • Probate: No
  • Stories: 6
  • Unit Floor In Building: 6
  • Year Built: 1976
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Ceramic Tile, Hardwood, Mixed
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 4.00
  • Den: 1
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 1181.10

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Association Pool, Community, Heated And Filtered, In Ground
  • Pool: Yes
  • View: City Lights, Coastline, Hills, Mountains, Ocean, Tree Top, White Water
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Circular Driveway, Community Garage, Controlled Entrance, Converted Garage, Door Opener, Parking for Guests, Parking for Guests - Onsite, Side By Side

Utilities

  • Cooling: Air Conditioning, Central
  • Earth Quake Ins: 1
  • Heating: Central
  • Security: 24 Hour, Community, Gated, Resident Manager

Association/Amenities

  • Amenities: Card Room, Concierge, Conference, Controlled Access, Elevator, Exercise Room, Extra Storage, Fitness Center, Gated Community, Gated Parking, Guest Parking, Hot Water, Meeting Room, Onsite Property Management, Pool, Sauna, Security, Spa, Valet Parking
  • Pet Rules: Call

Condo/Co-op/Association

  • Assessments: Possibly
  • HOA Fee Frequency: Monthly
  • HOA Fees: 2783.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4293-008-093
  • Geocode Override: No
  • Lot Size Area: 67408

Multi Family

  • Number Of Units: 88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2018
Sold by
Baran Joshua Charles and Baran Family Trust
Bought by
Champaneri Jyot and Champaneri Kanuja
Current Estimated Value
$4,737,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,340,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2013
Sold by
Baran Ephraim
Bought by
Baran Ephram and Trusta

Purchase Details

Closed on
Jun 28, 1993
Sold by
Spiegel Lillian and City National Bank
Bought by
Baran Ephraim
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
Champaneri Jyot $2,925,000 Old Republic Title Company
Baran Ephram -- None Available
Baran Ephraim $790,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Champaneri Jyot $2,340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2018 07/16/18 Sold $2,925,000 -22.0% $921 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
03/19/2018 03/19/18 Price Changed $3,750,000 -3.8% $1,181 / Sq Ft
01/09/2018 01/09/18 Price Changed $3,900,000 -8.2% $1,228 / Sq Ft
11/29/2017 11/29/17 Price Changed $4,250,000 -10.5% $1,339 / Sq Ft
10/23/2017 10/23/17 Price Changed $4,750,000 -3.1% $1,496 / Sq Ft
09/20/2017 09/20/17 Price Changed $4,900,000 -9.3% $1,543 / Sq Ft
08/25/2017 08/25/17 Price Changed $5,400,000 -6.9% $1,701 / Sq Ft
07/24/2017 07/24/17 For Sale $5,800,000 -- $1,827 / 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 $37,657 $3,262,888 $1,561,724 $1,701,164
2024 $37,657 $3,198,910 $1,531,102 $1,667,808
2023 $37,057 $3,136,187 $1,501,081 $1,635,106
2022 $36,612 $3,074,695 $1,471,649 $1,603,046
2021 $35,732 $3,014,408 $1,442,794 $1,571,614
2020 $35,491 $2,983,500 $1,428,000 $1,555,500
2019 $35,143 $2,925,000 $1,400,000 $1,525,000
2018 $3,576 $258,837 $102,003 $156,834
2016 $3,322 $248,788 $98,043 $150,745
2015 $2,899 $245,052 $96,571 $148,481
2014 $2,866 $240,253 $94,680 $145,573
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kaaren Kurtzman

    Compass

    Section Image

  • J

    Buyer's Agent in 2018

    Jc Champaneri

    Jyot Champaneri

    Section Image
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About Park Plaza Condominiums

Map

Source: The MLS

MLS Number: 17-253050

The MLS

APN: 4293-008-093

California Los Angeles County Santa Monica 90402 North of Montana

515 Ocean Ave Unit SPHD, Santa Monica, CA

This home is located at 515 Ocean Ave Unit SPHD, Santa Monica, CA 90402 since 24 July 2017 and is currently estimated at $4,737,350, approximately $1,492 per square foot. This property was built in 1976. 515 Ocean Ave Unit SPHD is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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