NOT LISTED FOR SALE

5301 Melvin Ave Tarzana, CA 91356

Estimated Value: $2,075,000 - $2,227,000

4 Beds
3.5 Baths
2,871 Sq Ft
$756/Sq Ft Est. Value

Last Sold March 17, 2021

Last sale price $1,612,500 $562 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $13,589/month

4 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Covered Patio or Porch
  • Primary Bedroom Suite
  • No HOA
  • Cul-De-Sac

About This Home

As of March 2021

Desirable single-level nestled "South of Blvd" upon a tranquil cul-de-sac. Large driveway affords room for several autos or more. Step inside this warm & welcoming home to discover gorgeous wood flooring throughout. Spacious Living Room with fireplace adjoins ideal Formal Dining. Open & bright kitchen delivers beautiful light wood cabinetry, center-island, stainless steel appliances, quality Wolf range & French Doors to a side patio superb for outdoor dining. Amazing master retreat features vaulted ceilings, tasteful array of windows, large walk-in closet, incredible adjoining home-office & a large private bath with separate tub & shower. Three additional bedrooms, one of which is an ensuite, will impress. Outside, enjoy theses spacious rear grounds with covered dining/entertaining, BBQ center, beautiful refreshing pool & raised brick platform which serves as host to a relaxation arena. Sought after Tarzana schools too...better hurry!

Last Agent to Sell the Property

Marc Tahler

Rodeo Realty License #01077251 Listed on: 02/08/2021

Rodeo Realty

Co-Listed By

Ken Zietz

Rodeo Realty License #01403714

Last Buyer's Agent

Victoria Aguilar

Nelson Shelton & Associates License #01923203

Nelson Shelton & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,082

Year Built

  • Built in 1959

Lot Details

  • 0.4 Acre Lot
  • Cul-De-Sac
  • Property is zoned LARA

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof

Interior Spaces

  • 2,871 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms | 5 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathtub
  • Separate Shower

Outdoor Features

  • In Ground Pool
  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • Wilbur Elementary School
  • Portola Middle School
  • Taft High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 21766
  • Assessor Parcel Number 2164019024

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,082

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: LARA
  • Architectural Style: Ranch
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2164019024
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2871.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 561.65
  • Room Type: Kitchen, Living Room, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Separate Tub And Shower, Walk-In Shower
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Covered
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Los Angeles Unified
  • Elementary School: Wilbur
  • Middle School: Portola
  • High School: Taft
  • Elementary School: Wilbur
  • High School: Taft
  • Middle Or Junior School: Portola
  • Elementary School #2: WILBUR
  • High School2: TAFT

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 17612.00
  • Lot Size Acres: 0.4043

Multi Family

  • Lease Considered: No
  • Lot Size Area: 17612.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1394.02
  • Tax Lot: 2
  • Tax Tract Number: 21766

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Apr 22, 2021
Sold by
Hankey Investment Company Lp
Bought by
Mason John C and Mason Sara P
Seller's Agent
Marc Tahler
Rodeo Realty
Buyer's Agent
Victoria Aguilar
Nelson Shelton & Associates
List Price
$1,550,000
Sold Price
$1,612,500
Premium/Discount to List
$62,500
4.03%
Current Estimated Value
$2,171,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$559,061
Avg. Annual Appreciation
6.92%
Original Mortgage
$1,290,000
Outstanding Balance
$1,171,544
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,000,017

Purchase Details

Listed on
Feb 8, 2021
Closed on
Feb 17, 2021
Sold by
Malamed Michael S and The Michael S Malamed Trust
Bought by
Mason John C and Mason Sara P
Seller's Agent
Marc Tahler
Rodeo Realty
Buyer's Agent
Victoria Aguilar
Nelson Shelton & Associates
List Price
$1,550,000
Sold Price
$1,612,500
Premium/Discount to List
$62,500
4.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,290,000
Interest Rate
2.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2016
Sold by
Malamed Michael Shawn and The Michael Shawn Malamed & Ma
Bought by
Malamed Michael S and The Michael S Malamed Trust Of

Purchase Details

Closed on
Dec 23, 2008
Sold by
Malamed Michael S and Malamed Maria T
Bought by
Malamed Michael Shawn and Malamed Maria Trafecanty

Purchase Details

Closed on
Oct 8, 2007
Sold by
Bordo Gregory M and Kussin Susan M
Bought by
Malamed Michael S and Malamed Maria T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$916,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 1999
Sold by
Thaler Douglas R and Thaler Jeanne M
Bought by
Bordo Gregory M and Kussin Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
6.73%
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
Mason John C -- First American Title
Mason John C -- Progressive Title Company
Mason John C $1,612,500 Progressive Title Company
Malamed Michael S -- None Available
Malamed Michael Shawn -- None Available
Malamed Michael S $1,145,000 First American Title Co
Bordo Gregory M $525,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitestone Cove Trust $400,000
Closed Mason John C $160,000
Open Mason John C $1,290,000
Previous Owner Mason John C $1,290,000
Previous Owner Malamed Michael Shawn $905,000
Previous Owner Malamed Michael Shawan $900,000
Previous Owner Malamed Michael S $916,000
Previous Owner Bordo Gregory M $100,000
Previous Owner Bordo Gregory M $475,000
Previous Owner Bordo Gregory M $37,000
Previous Owner Bordo Gregory M $410,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2021 03/17/21 Sold $1,612,500 +4.0% $562 / Sq Ft
02/08/2021 02/08/21 For Sale $1,550,000 -- $540 / 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 $21,082 $1,745,419 $1,390,166 $355,253
2024 $21,082 $1,711,196 $1,362,908 $348,288
2023 $20,675 $1,677,644 $1,336,185 $341,459
2022 $19,735 $1,644,750 $1,309,986 $334,764
2021 $16,790 $1,389,433 $1,111,551 $277,882
2020 $16,836 $1,365,000 $1,092,000 $273,000
2019 $15,393 $1,272,000 $1,018,000 $254,000
2018 $14,883 $1,218,000 $975,000 $243,000
2016 $13,662 $1,125,000 $900,700 $224,300
2015 $11,971 $983,000 $787,000 $196,000
2014 $12,248 $983,000 $787,000 $196,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21024293

California Regional Multiple Listing Service (CRMLS)

APN: 2164-019-024