NOT LISTED FOR SALE

Estimated Value: $6,050,000 - $7,030,000

5 Beds
6.5 Baths
4,267 Sq Ft
$1,555/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $4,080,000 $956 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $38,734/month

176 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Primary Bedroom Suite
  • Hermosa Valley Elementary School Rated A
  • Roof Top Spa
  • Open Floorplan

About This Home

As of April 2018

An absolutely gorgeous home with majestic ocean views moments from the Pacific Ocean! This turnkey home has over 4,000 square feet of luxury living space, 5-Bedrooms, 7-Baths, a huge gourmet kitchen with professional grade appliances, a large bonus room with ocean views, 4-balconies (all with views), and three cozy fireplaces. The rooftop sundeck offers stunning panoramic ocean views, with blazing sunsets. The rooftop sundeck also features a Jaccuzi. It's one of the tallest homes in Hermosa Beach that was grandfathered in. No one can block view. The first level of the home could be used as a guest suite or home theater room. Did I mention it has an oversized elevator, too?! Huge attached garage can accommodate 3-cars. There are also beautiful hardwood floors as well. Don’t miss this one!

Last Agent to Sell the Property

John Holmes

Lawyers Realty Group License #00957800 Listed on: 04/18/2017

Last Buyer's Agent

Michael Pennings

Estate Properties License #00990231

Estate Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 2,848 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Front Yard
  • Property is zoned HBR3YY

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic

Home Design

  • Turnkey

Interior Spaces

  • 4,267 Sq Ft Home
  • Elevator
  • Open Floorplan
  • Wired For Sound
  • Bar
  • Crown Molding
  • Coffered Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Door Entry
  • French Doors
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Bonus Room
  • Laundry Room

Kitchen

  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Pool

  • Roof Top Spa
  • Above Ground Spa

Outdoor Features

  • Property has ocean access
  • Living Room Balcony
  • Brick Porch or Patio
  • Rooftop Access

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 10
  • Assessor Parcel Number 4187003026

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: HBR3YY
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4187003026
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4267.00 Square Feet
  • Interior Amenities: Balcony, Bar, Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Elevator, Living Room Balcony, Open Floorplan, Recessed Lighting, Wired for Sound
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Double Door Entry, French Doors
  • Eating Area: Dining Room, In Living Room
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 7
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 956.18
  • Room Type: Bonus Room, Entry, Family Room, Living Room, Master Suite, Separate Family Room, Walk-In Closet
  • Spa Features: Above Ground, Roof Top
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • View: Catalina, Coastline, Ocean, Panoramic
  • Patio And Porch Features: Brick, Patio Open, Roof Top
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Microwave, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Paved, Walkstreet
  • Lot Size Sq Ft: 2848.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Access

Tax Info

  • Tax Census Tract: 6211.04
  • Tax Lot: 23
  • Tax Tract Number: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2019
Sold by
Newman Gregory James
Bought by
The Gregory J Newman Living Trust
Current Estimated Value
$6,633,484

Purchase Details

Listed on
Apr 18, 2017
Closed on
Mar 10, 2018
Sold by
Watson Cohn F and Watson Jayne
Bought by
Newman Gregory James
Seller's Agent
John Holmes
Lawyers Realty Group
Buyer's Agent
Michael Pennings
Estate Properties
List Price
$4,450,000
Sold Price
$4,080,000
Premium/Discount to List
-$370,000
-8.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.48%
Original Mortgage
$3,000,000
Outstanding Balance
$2,514,895
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,118,589

Purchase Details

Closed on
Sep 1, 2005
Sold by
Gcs Harley Inc
Bought by
Watson Colin F and Watson Jayne Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,475,000
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2005
Sold by
Wells Gary and Wells Cindi
Bought by
Gcs Harley Inc

Purchase Details

Closed on
Oct 25, 2002
Sold by
Koch Brian C and Koch Terri P
Bought by
Wells Gary and Wells Cindi

Purchase Details

Closed on
Feb 5, 1998
Sold by
Koch Brian C and Pfister Terri A
Bought by
Koch Brian C and Koch Terri P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
6.98%

Purchase Details

Closed on
Dec 9, 1994
Sold by
Koch Brian C and Pfister Terri A
Bought by
Koch Brian C and Pfister Terri A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
9.1%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Gregory J Newman Living Trust -- Pacific Coast Title
Newman Gregory James $4,080,000 First American Title Company
Watson Colin F $3,300,000 Lawyers Title
Gcs Harley Inc -- Lawyers Title Company
Wells Gary $1,100,000 Lawyers Title Company
Koch Brian C -- North American Title
Koch Brian C -- First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newman Gregory James $3,000,000
Previous Owner Watson Colin F $2,475,000
Previous Owner Koch Brian C $227,150
Previous Owner Koch Brian C $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2018 04/13/18 Sold $4,080,000 -8.3% $956 / Sq Ft
10/11/2017 10/11/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $4,450,000 0.0% $1,043 / Sq Ft
07/16/2017 07/16/17 Price Changed $4,450,000 +17.1% $1,043 / Sq Ft
06/25/2017 06/25/17 Pending -- -- --
05/23/2017 05/23/17 For Sale $3,799,000 0.0% $890 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $3,799,000 -- $890 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $48,986 $4,642,339 $3,299,703 $1,342,636
2024 $48,986 $4,551,313 $3,235,003 $1,316,310
2023 $47,967 $4,462,072 $3,171,572 $1,290,500
2022 $47,108 $4,374,582 $3,109,385 $1,265,197
2021 $46,264 $4,288,807 $3,048,417 $1,240,390
2020 $45,997 $4,244,832 $3,017,160 $1,227,672
2019 $45,042 $4,161,600 $2,958,000 $1,203,600
2018 $42,358 $3,963,448 $2,402,091 $1,561,357
2016 $40,192 $3,809,545 $2,308,816 $1,500,729
2015 $39,416 $3,752,323 $2,274,136 $1,478,187
2014 $38,511 $3,678,821 $2,229,589 $1,449,232
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17080853

California Regional Multiple Listing Service (CRMLS)

APN: 4187-003-026