NOT LISTED FOR SALE

Estimated Value: $3,340,000 - $7,160,952

5 Beds
5.5 Baths
5,858 Sq Ft
$982/Sq Ft Est. Value

Last Sold March 26, 2012

Last sale price $2,876,250 $491 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $34,279/month

144 Days on Market

Highlights

  • Detached Guest House
  • Heated In Ground Pool
  • Wood Flooring
  • Third Street Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Mediterranean Architecture

About This Home

As of March 2012

BEAUTIFULLY STAGED AND REDUCE TO SELL! Prime Hancock Park, 5Bd,5.5Ba Mediterranean-Revival. An outstanding example of sophisticated style & warm elegance. Built in 1930, this gracious home has gone through considerable renovations/restorations, including systems & infrastructure, while retaining the integrity of its design. A formal foyer makes a dramatic first impression w/ hand stenciled walls, magnesite flooring & a grand sweeping staircase. Downstairs rooms flow effortlessly from a spacious LR w/ fp, formal DR, library, & den, while the upstairs is home to 4 BD, bonus rm, & master BD with spacious dual walk-in closets. A judiciously updated gourmet kit features antique tile, center island, Traulsen fridges, and breakfast rm. The home's backyard is a paradise, boasting a deep salt water pl/spa, a koi pond w/ waterfall, and an attached dining pavilion. Additional details: Sep. guest hse, maid's rm, 2 wine cellars, hardwood floors, a period-style elevator, 2-car garage.

Last Agent to Sell the Property

Marcie Hartley

Carolwood Estates License #01358268 Listed on: 10/14/2011

Carolwood Estates

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,498

Year Built

  • Built in 1930

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 84x180
  • Gated Home
  • Property is zoned LARE15

Parking

  • 2 Car Garage

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Composition Roof

Interior Spaces

  • 5,858 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Family Room
  • Living Room with Fireplace
  • 3 Fireplaces
  • Breakfast Room
  • Dining Room
  • Den with Fireplace
  • Library
  • Bonus Room
  • Alarm System

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Spa

Utilities

  • Central Air
  • Gravity Heating System
  • Sewer in Street

Additional Features

  • Covered Patio or Porch
  • Detached Guest House

Community Details

  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 5505-008-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,498

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Living Area: 5858
  • Lot Dimensions: 84x180
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1930
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Living Room, Master Bedroom
  • Flooring: Hardwood, Tile
  • Bedrooms: 5
  • Fireplaces: 3
  • Full Bathroom: 5
  • Half Bathroom: 1
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 5.50
  • Den: 0
  • Equipment: Alarm System, Dishwasher, Dryer, Elevator, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 546.26

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Heated
  • Pool: Yes
  • Roof: Composition, Tile
  • Spa: Hot Tub
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Gravity
  • Security: Gated
  • Sewer: In Street

Lot Info

  • Assessor Parcel Number: 5505-008-009
  • Lot Size Area: 16197

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2011
Closed on
Mar 13, 2012
Sold by
Wellisz Tadeusz
Bought by
Reuther Jacob and Jacob Reuther Revocable Trust
Seller's Agent
Marcie Hartley
Carolwood Estates
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$3,395,000
Sold Price
$2,876,250
Premium/Discount to List
-$518,750
-15.28%
Current Estimated Value
$5,753,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,877,238
Avg. Annual Appreciation
7.42%
Original Mortgage
$1,100,000
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 24, 2011
Sold by
Wellisz Tadeusz
Bought by
Wellisz Tadeusz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2011
Sold by
Wellisz Nadia and Wellisz Tadeusz
Bought by
Wellisz Tadeusz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2004
Sold by
Wellisz Nadia
Bought by
Wellisz Tadeusz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage
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
Reuther Jacob $2,876,500 First American Title Company
Wellisz Tadeusz -- Advantage Title Inc
Wellisz Tadeusz -- None Available
Wellisz Tadeusz -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacob Reuther Revocable Trust $2,500,000
Closed Reuther Jacob $1,500,000
Closed Reuther Jacob $1,500,000
Closed Reuther Jacob $1,500,000
Closed Reuther Jacob $1,100,000
Previous Owner Wellisz Tadeusz $700,000
Previous Owner Wellisz Tadeusz $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2012 03/26/12 Sold $2,876,250 -10.1% $491 / Sq Ft
03/06/2012 03/06/12 Pending -- -- --
02/21/2012 02/21/12 Price Changed $3,200,000 -5.7% $546 / Sq Ft
10/14/2011 10/14/11 For Sale $3,395,000 -- $580 / 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 $43,498 $3,612,661 $2,385,498 $1,227,163
2024 $43,498 $3,541,825 $2,338,724 $1,203,101
2023 $42,644 $3,472,378 $2,292,867 $1,179,511
2022 $40,643 $3,404,293 $2,247,909 $1,156,384
2021 $40,126 $3,337,543 $2,203,833 $1,133,710
2019 $38,910 $3,238,552 $2,138,467 $1,100,085
2018 $38,716 $3,175,052 $2,096,537 $1,078,515
2016 $37,011 $3,051,763 $2,015,127 $1,036,636
2015 $36,466 $3,005,923 $1,984,858 $1,021,065
2014 $36,562 $2,947,042 $1,945,978 $1,001,064
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 11-560525

The MLS

APN: 5505-008-009