NOT LISTED FOR SALE

516 Marine Ave Manhattan Beach, CA 90266

Estimated Value: $2,967,466 - $3,501,000

3 Beds
2 Baths
1,594 Sq Ft
$1,988/Sq Ft Est. Value

Last Sold October 05, 2017

Last sale price $2,080,000 $1,305 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $20,620/month

53 Days on Market

Highlights

  • Beach Access
  • Wood Flooring
  • No HOA
  • Grand View Elementary School Rated A
  • Granite Countertops
  • Bathtub with Shower

About This Home

As of October 2017

Gas Lamp Dist. Remodeled Beach Bungalow. Charming character! Light & airy! Great vibe! Dutch door entry. Hardwood floors, French doors, plantation shutters. Storage galore! Great room, soaring ceilings, river rock fireplace, panoramic windows, open dining. Sharp kitchen, cherry stained cabinets, glass mullion doors, tumbled stone backsplash, granite tops, stainless steel appliances, professional Thermador range. Prep & mingle at large tri-level island. Built-in wine bar w/frig, & storage for glassware. Bedrooms filled w/natural daylight. Stylish closet doors w/high-end wardrobe systems. Tranquil spacious master w/luxurious new en suite. Stunning vanity w/glass vessel basins; walk-in shower, custom stonework. Guest bedrooms fit queen beds. Second bath updated w/oversized jetted tub/shower, custom stonework, new fixtures! Enjoy grilling in fenced side yard & inviting front yard. Parking no problem. 2-car garage & 3-car driveway! Walk to beach, cafes, parks. Finest SoCal living in MB.

Last Agent to Sell the Property

Craig Strong

Compass License #01450987 Listed on: 07/12/2017

Compass

Last Buyer's Agent

Craig Strong

Compass License #01450987 Listed on: 07/12/2017

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,613

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 2,948 Sq Ft Lot
  • North Facing Home
  • Wood Fence
  • Property is zoned MNRS-D3

Parking

  • 2 Covered Spaces

Home Design

  • Bungalow
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,594 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room with Fireplace
  • Wood Flooring
  • Laundry Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Beach Access
  • Outdoor Grill

Utilities

  • Forced Air Heating System
  • Property is located within a water district
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4178-029-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,613

Year Built

Built in 1960 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1594
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1960
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room
  • Flooring: Wood
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Main Floor Bedroom, Master Bedroom
  • Common Walls: None
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Kitchen Features: Granite Counters, Island
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 1348.18

Exterior Features

  • Direction Faces: North
  • Construction: Wood Siding
  • Other Features: Barbecue Private
  • Tennis Court Y/N: No
  • Fence: Wood
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No
  • View: No
  • Waterfront: Beach Rights

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car

Utilities

  • Cooling: Ceiling Fan
  • Heating: Forced Air
  • Sewer: In Street
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4178-029-015
  • Geocode Override: No
  • Lot Location: Beach Access
  • Lot Size Area: 2948

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2017
Closed on
Sep 8, 2017
Sold by
Bocter David
Bought by
Cooper Justin and Cooper Rebecca
Seller's Agent
Craig Strong
Compass
Buyer's Agent
Craig Strong
Compass
List Price
$2,149,000
Sold Price
$2,080,000
Premium/Discount to List
-$69,000
-3.21%
Current Estimated Value
$3,361,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,281,164
Avg. Annual Appreciation
5.49%
Original Mortgage
$1,560,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2015
Sold by
Morriss Eric A
Bought by
Bocter David

Purchase Details

Closed on
Mar 3, 2015
Sold by
Odegard Arlen
Bought by
Morriss Eric A

Purchase Details

Closed on
Jul 25, 2012
Sold by
Kastigar Christopher Michael
Bought by
Morriss Eric A

Purchase Details

Closed on
Aug 22, 2011
Sold by
Morriss Eric A
Bought by
Kastigar Christopher Michael

Purchase Details

Closed on
May 16, 2011
Sold by
Morriss Eric A
Bought by
Odegard Arlen

Purchase Details

Closed on
Aug 3, 2006
Sold by
Morriss Cynthia A
Bought by
Morriss Eric A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 13, 2006
Sold by
Morriss Eric A
Bought by
Morriss Eric A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 1, 2006
Sold by
Norman Cynthia A
Bought by
Morriss Eric A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,015,000
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 24, 2002
Sold by
Morriss Eric A
Bought by
Morriss Eric A and Norman Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
5.5%

Purchase Details

Closed on
Aug 14, 2001
Sold by
Leigh Michael
Bought by
Morriss Eric A

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
Interest Rate
7.87%

Purchase Details

Closed on
Nov 19, 1997
Sold by
Leigh Michael
Bought by
Leigh Michael and Leigh Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.23%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 27, 1994
Sold by
Nooteboom Peter
Bought by
Leigh Michael and Dumas Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,920
Interest Rate
8.65%

Purchase Details

Closed on
Dec 27, 1993
Sold by
Nooteboom Peter
Bought by
Nooteboom Peter
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
Cooper Justin $2,080,000 Ticor Title Co
Bocter David $2,150,000 Usa National Title Co
Morriss Eric A -- Usa National Title Co
Morriss Eric A -- None Available
Kastigar Christopher Michael -- None Available
Odegard Arlen -- None Available
Morriss Eric A -- Fidelity National Title Co
Morriss Eric A -- Accommodation
Morriss Eric A -- Security Union Title
Morriss Eric A -- United Title Company
Morriss Eric A $750,000 Lawyers Title Company
Leigh Michael -- Chicago Title Co
Leigh Michael $400,000 Stewart Title Company
Nooteboom Peter -- --
Nooteboom Peter -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper Justin $1,455,000
Closed Cooper Justin $1,560,000
Previous Owner Morriss Eric A $65,000
Previous Owner Morriss Eric A $1,015,000
Previous Owner Morriss Eric A $906,000
Previous Owner Morris Eric A $50,000
Previous Owner Morriss Eric A $40,000
Previous Owner Morriss Eric A $680,000
Previous Owner Morriss Eric A $600,000
Previous Owner Leigh Michael $150,000
Previous Owner Leigh Michael $455,000
Previous Owner Leigh Michael $50,000
Previous Owner Leigh Michael $319,920
Closed Morriss Eric A $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2017 10/05/17 Sold $2,080,000 -3.2% $1,305 / Sq Ft
09/03/2017 09/03/17 Pending -- -- --
07/12/2017 07/12/17 For Sale $2,149,000 0.0% $1,348 / Sq Ft
05/04/2015 05/04/15 Rented $8,000 -5.9% --
05/04/2015 05/04/15 For Rent $8,500 -- --
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 $26,613 $2,366,681 $1,683,985 $682,696
2024 $26,613 $2,320,276 $1,650,966 $669,310
2023 $25,915 $2,274,782 $1,618,595 $656,187
2022 $25,469 $2,230,179 $1,586,858 $643,321
2021 $25,029 $2,186,451 $1,555,744 $630,707
2019 $24,359 $2,121,600 $1,509,600 $612,000
2018 $23,874 $2,080,000 $1,480,000 $600,000
2016 $24,238 $2,182,787 $1,746,230 $436,557
2015 $10,837 $964,012 $743,711 $220,301
2014 $10,691 $945,129 $729,143 $215,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-250292

The MLS

APN: 4178-029-015