NOT LISTED FOR SALE

550 Vernon Ave Unit A Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,743,000 - $2,089,000

4 Beds
3 Baths
1,920 Sq Ft
$999/Sq Ft Est. Value

Last Sold December 07, 2021

Last sale price $1,650,000 $859 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $12,262/month

121 Days on Market

Highlights

  • 24-Hour Security
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Venice High School Rated A
  • City Lights View
  • Deck

About This Home

As of December 2021

PRIME VENICE LOCATION! PRICED TO MOVE! A short stroll from the dynamic energy of Abbott Kinney, with its collection of high end shops & restaurants, this well-appointed, newly remodeled, spacious 4 BEDROOM, 3 BATH tri-level townhome w/rooftop deck is the perfect Venice sanctuary. Central HVAC, newer hardwood floors, luxury finishes including brand new veined quartz counters & gated, private 2 car garage w/direct access add to an impressive list of amenities. Expansive primary suite features high, vaulted ceilings, a fireplace, a large spa tub + steam shower + spacious walk-in closet w/ private rooftop deck w/tree top views all the way to the ocean. Just minutes from Venice Beach and a few blocks from Rose Avenue, on the border of Santa Monica. Live the Westside lifestyle at its finest!

Last Agent to Sell the Property

Adam Brawer

Compass License #02107201 Listed on: 07/19/2021

Compass

Co-Listed By

Noah Bradley

The Agency License #02141284

Last Buyer's Agent

Gilbert Spiegel

License #01351635

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2005 | Remodeled

Lot Details

  • 5,110 Sq Ft Lot
  • Lot Dimensions are 48x120
  • Gated Home
  • Block Wall Fence

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • City Lights
  • Trees

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 1,920 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Family Room
  • Dining Area
  • Wood Flooring
  • Alarm System

Kitchen

  • Oven or Range
  • Gas and Electric Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Bathtub with Shower
  • Steam Shower

Laundry

  • Laundry in unit
  • Dryer

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4239-002-035

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 2005 | Remodeled

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Contemporary
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: PRIME VENICE LOCATION! PRICED TO MOVE! A short stroll from the dynamic energy of Abbott Kinney, known for its collection of high end shops & restaurants, this well-appointed, newly remodeled, spacious 4 BEDROOM, 3 BATH tri-level townhome w/rooftop deck is the perfect Venice sanctuary. Central HVAC, newer hardwood floors, luxury finishes including brand new veined quartz counters & gated, private 2 car garage w/direct access add to an impressive list of amenities. Expansive primary suite features high, vaulted ceilings, a fireplace, a large spa tub + steam shower + spacious walk-in closet w/ private rooftop deck w/tree top views all the way to the ocean. Just minutes from Venice Beach and a few blocks from Rose Avenue, on the border of Santa Monica. Live the Westside lifestyle at its finest!
  • Complex Name: Vernon Avenue HOA
  • Entry Floor: 3
  • Entry Location: Ground Level - no steps
  • Living Area: 1920
  • Lot Acreage: 0.1173
  • Lot Dimensions: 48x120
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 2005
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Cathedral-Vaulted Ceilings
  • Fireplace Rooms: Master Bedroom
  • Flooring: Hardwood
  • Appliances: Built-In Gas, Gas/Electric Range, Microwave
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom, Master Retreat, Master Suite, WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Granite, Remodeled, Shower and Tub, Steam Shower
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area, Kitchen Island
  • Kitchen Features: Remodeled
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Built-Ins, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 882.81

Exterior Features

  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Fence: Block
  • Patio: Deck(s), Enclosed
  • Pool: No
  • View: Tree Top, City Lights
  • View: Yes

Garage/Parking

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

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Air Conditioning, Ceiling Fan, Central
  • Heating: Central, Fireplace
  • Security: 24 Hour, Gated, Smoke Detector, Carbon Monoxide Detector(s)

Association/Amenities

  • Amenities: Security
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 500.00
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4239-002-035
  • Lot Size Area: 5110

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2021
Closed on
Nov 18, 2021
Sold by
Kelly Thomas Patrick
Bought by
Fischer Trevan and Radford Lance
Seller's Agent
Adam Brawer
Compass
Buyer's Agent
Gilbert Spiegel
List Price
$1,725,000
Sold Price
$1,650,000
Premium/Discount to List
-$75,000
-4.35%
Current Estimated Value
$1,917,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,355
Avg. Annual Appreciation
3.75%
Original Mortgage
$165,000
Interest Rate
0.9%

Purchase Details

Listed on
Apr 7, 2016
Closed on
May 2, 2016
Sold by
Erickson Ryan
Bought by
Kelly Thomas Patrick
Seller's Agent
Jeffrey Fritz
Compass
Buyer's Agent
Brandon Darnell
Amalfi Estates
List Price
$1,499,000
Sold Price
$1,400,000
Premium/Discount to List
-$99,000
-6.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.05%
Original Mortgage
$1,120,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 1, 2012
Closed on
Nov 19, 2012
Sold by
Elnekave Israel Izzy and Elnekave Sara Suchy
Bought by
Erickson Ryan
Seller's Agent
Bob Herrera
Professional Real Estate Servi
Buyer's Agent
Laura Buffone
Compass
List Price
$990,000
Sold Price
$975,000
Premium/Discount to List
-$15,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.89%
Original Mortgage
$780,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2005
Sold by
Izzys Holding Inc
Bought by
Elnekave Israel Izzy

Purchase Details

Closed on
Feb 6, 2003
Sold by
Elnekave Israel and Elnekave Sara Suchy
Bought by
Izzys Holding Inc
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
Fischer Trevan $1,650,000 Pacific Coast Title
Kelly Thomas Patrick $1,400,000 Equity Title Company
Erickson Ryan $975,000 Fidelity National Title Co
Elnekave Israel Izzy -- --
Izzys Holding Inc -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Fischer Trevan $165,000
Open Fischer Trevan $1,320,000
Previous Owner Kelly Thomas Patrick $1,120,000
Previous Owner Erickson Ryan $780,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2021 12/07/21 Sold $1,650,000 -2.7% $859 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
10/19/2021 10/19/21 Price Changed $1,695,000 -1.7% $883 / Sq Ft
07/19/2021 07/19/21 For Sale $1,725,000 +23.2% $898 / Sq Ft
06/20/2016 06/20/16 Sold $1,400,000 -3.4% $729 / Sq Ft View Prior Sale
04/25/2016 04/25/16 Price Changed $1,450,000 -3.3% $755 / Sq Ft
04/07/2016 04/07/16 For Sale $1,499,000 +53.7% $781 / Sq Ft
12/21/2012 12/21/12 Sold $975,000 -1.5% $508 / Sq Ft View Prior Sale
11/13/2012 11/13/12 Pending -- -- --
10/01/2012 10/01/12 For Sale $990,000 -- $516 / 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 $20,952 $1,750,991 $1,354,631 $396,360
2024 $20,724 $1,716,659 $1,328,070 $388,589
2023 $20,319 $1,683,000 $1,302,030 $380,970
2022 $19,365 $1,650,000 $1,276,500 $373,500
2021 $18,110 $1,531,100 $1,149,420 $381,680
2019 $17,560 $1,485,689 $1,115,329 $370,360
2018 $17,501 $1,456,559 $1,093,460 $363,099
2016 $12,139 $1,014,228 $690,195 $324,033
2015 $11,959 $998,994 $679,828 $319,166
2014 $11,996 $979,426 $666,512 $312,914
Source: Public Records

Agents Affiliated with this Home

  • Adam Brawer

    Seller's Agent in 2021

    Adam Brawer

    Compass

    (310) 279-8259

    2 in this area

    36 Total Sales

    Adam Brawer
    Section Image

  • N

    Seller Co-Listing Agent in 2021

    Noah Bradley

    The Agency

    Section Image

  • G

    Buyer's Agent in 2021

    Gilbert Spiegel

  • M

    Buyer Co-Listing Agent in 2021

    Marilyn Spiegel

  • Jeffrey Fritz

    Seller's Agent in 2016

    Jeffrey Fritz

    Compass

    (310) 916-2470

    1 in this area

    61 Total Sales

    Jeffrey Fritz
    Section Image
  • Laura Buffone

    Seller Co-Listing Agent in 2016

    Laura Buffone

    Compass

    (310) 486-7015

    1 in this area

    63 Total Sales

    Laura Buffone
    Section Image
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Map

Source: The MLS

MLS Number: 21-762556

The MLS

APN: 4239-002-035

California Los Angeles County Venice 90291 Venice

550 Vernon Ave Unit A, Venice, CA

Not Listed for Sale

Townhouses

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