NOT LISTED FOR SALE

518 Vernon Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,002,000 - $5,334,000

3 Beds
2.5 Baths
2,500 Sq Ft
$1,632/Sq Ft Est. Value

Highlights

  • Views of Trees
  • Wood Flooring
  • Tandem Parking
  • Venice High School Rated A
  • Built-In Features
  • Air Conditioning

About This Home

As of August 2018

Brand new construction! Be the first one to live in this Architectural stunner. First level opens up to a spacious Living room that flows into the Dining area and Gourmet kitchen equipped with Thermador appliances. All three bedrooms are located in the second floor, all of which has it's own private Balcony, relax in the en suite master bathroom complete with a soaking tub and finish off your nights enjoying the beautiful Venice Sunset up in the roof deck. Location cannot be beat, two blocks off Rose, walking distance to Main street and Abbot Kinney.

Last Agent to Rent the Property

Shiela De Leon

Douglas Elliman License #01915996 Listed on: 07/09/2018

Douglas Elliman

Last Renter's Agent

Shiela De Leon

Douglas Elliman License #01915996 Listed on: 07/09/2018

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,072

Year Built

  • Built in 2016

Lot Details

  • 5,765 Sq Ft Lot
  • Property is zoned LARD1.5

Home Design

  • Split Level Home

Interior Spaces

  • 2,500 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Living Room
  • Dining Room
  • Wood Flooring
  • Views of Trees

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Tandem Parking

Outdoor Features

  • Open Patio

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Security Deposit $22,000
  • Tenant pays for cable TV, electricity, gas, insurance, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 4239-002-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,072

Year Built

Built in 2016

Lot Details

0

Rental Info

  • Security Deposit: 22000
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Architectural
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 2500
  • Stories: 3
  • Year Built: 2016
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 4.40

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Tandem
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Association/Amenities

  • Pet Rules: Yes

Lot Info

  • Assessor Parcel Number: 4239-002-008
  • Geocode Override: No
  • Lot Size Area: 5765

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2018
Sold by
Vernon Development Llc
Bought by
Hendifar Paul and Hendifar Jason
Current Estimated Value
$4,080,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 27, 2015
Sold by
Farrell Jennifer
Bought by
Vernon Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,632,000
Interest Rate
3.64%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 9, 2008
Sold by
78 Design Inc
Bought by
Farrell Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,750
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2006
Sold by
78 Design Inc
Bought by
Madison Mcwill

Purchase Details

Closed on
Jun 8, 2006
Sold by
78 Design Inc
Bought by
Novack Donald P and Novack Linda

Purchase Details

Closed on
Oct 3, 2005
Sold by
Carter Robin Lynn
Bought by
Harris Jacquelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,000
Interest Rate
7.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 10, 2004
Sold by
Prope Carter Robin Lynn and Prope Stephen K Davis Separate
Bought by
Carter Robin Lynn

Purchase Details

Closed on
Apr 28, 2004
Sold by
Carter Robin L
Bought by
Carter Robin Lynn and The Stephen K Davis Separate P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2004
Sold by
Prope Carter Robin Lynn and Prope Stephen K Davis Separate
Bought by
Carter Robin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2004
Sold by
Kershaw Davis Stephen K and Kershaw Davis Stephen
Bought by
Davis Stephen K and Carter Robin Lynn

Purchase Details

Closed on
Apr 22, 1999
Sold by
Clancy Mary N and Clancy Susan C
Bought by
Davis Stephen Kershaw

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,600
Interest Rate
6.86%
Mortgage Type
Stand Alone First
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
Hendifar Paul $4,150,000 Lawyers Title
Vernon Development Llc $2,100,000 Ticor Title Company
Farrell Jennifer $1,069,000 Fatcola
Madison Mcwill -- First American Title Co
Novack Donald P $107,000 First American Title Co
78 Design Inc -- First American Title Co
Harris Jacquelyn $860,000 Fatcola
Carter Robin Lynn -- --
Carter Robin Lynn -- United Title Company
Carter Robin L -- United Title Company
Davis Stephen K -- --
Davis Stephen Kershaw $247,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hendifar Paul $2,350,000
Previous Owner Vernon Development Llc $2,632,000
Previous Owner Farrell Jennifer $801,750
Previous Owner Harris Jacquelyn $688,000
Previous Owner Carter Robin L $299,000
Previous Owner Davis Stephen Kershaw $197,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2018 08/02/18 Rented $14,000 +27.3% --
07/09/2018 07/09/18 For Rent $11,000 -- --
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 $55,072 $4,629,400 $2,509,917 $2,119,483
2024 $55,072 $4,538,628 $2,460,703 $2,077,925
2023 $53,995 $4,449,636 $2,412,454 $2,037,182
2022 $51,465 $4,362,389 $2,365,151 $1,997,238
2021 $50,836 $4,276,853 $2,318,776 $1,958,077
2020 $51,370 $4,233,000 $2,295,000 $1,938,000
2019 $49,301 $4,150,000 $2,250,000 $1,900,000
2018 $36,814 $3,039,022 $2,218,158 $820,864
2016 $25,577 $2,132,025 $1,705,620 $426,405
2015 $14,280 $1,183,997 $934,658 $249,339
2014 -- $1,110,000 $873,000 $237,000
Source: Public Records

Agents Affiliated with this Home

  • Shiela De Leon

    Landlord's Agent in 2018

    Shiela De Leon

    Douglas Elliman

    (310) 975-4274

    1 in this area

    5 Total Sales

    Shiela De Leon
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Map

Source: The MLS

MLS Number: 18-363030

The MLS

APN: 4239-002-008

California Los Angeles County Venice 90291 Venice

518 Vernon Ave, Venice, CA

This home is located at 518 Vernon Ave, Venice, CA 90291 since 09 July 2018 and is currently priced at $4,080,205. This property was built in 2016. 518 Vernon Ave is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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