Seller's Agent in 2024
Michael Maguire
Compass
(310) 770-2823
15 in this area
52 Total Sales
OPEN HOUSE 9/08
SOLD NOV 5, 2024
5500 Tuxedo Terrace Los Angeles, CA 90068
Hollywood Hills Neighborhood
4
Beds
4
Baths
1,678
Sq Ft
0.79
Acres
Highlights
- Ocean View
- Gourmet Kitchen
- 0.79 Acre Lot
- Heated In Ground Pool
- Primary Bedroom Suite
- Open Floorplan
About This Home
As of November 20245500 Tuxedo Terrace. A mid-century modern masterpiece circa 1962, exemplary of the time and era in which it was built, reimagined by famed June Street Architecture. Influenced by the Case Study House Program of "Arts & Architecture", this property echoes the design of some of our greatest thinkers and visionaries, and creates what we now think of as the modern California home with simple yet dynamic forms and spaces. Reminiscent of the celebrated work of noted architects such as Cliff May, Pierre Koenig and Richard Neutra, June Street Architecture is equally as mindful with a clear creative vision: a celebration of nature, light and harmony. Dramatically situated on a 3/4 of an acre promontory in the prestigious Los Feliz Oaks and perched above neighboring properties, the home provides unobstructed site lines to the city below and west to the ocean. The architect created the ultimate California living experience by blurring the relationship between the interiors of the home and the outdoor spaces. The expansive grounds and gardens are the backdrop of this esteemed residence. Mature trees and established plants provide privacy, while the salt water swimming pool floats, suspended above Los Angeles. Warm woods and plaster throughout. Separate guest space with closet and bathroom adds to the flexibility and practicality of the property. Emotional and peaceful. Gated at the end of a cul-de-sac. Moments to the studios and downtown.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $50,053
Year Built
- Built in 1962
Lot Details
- 0.79 Acre Lot
- South Facing Home
- Sprinklers on Timer
- Hillside Location
- Property is zoned LARE9
Property Views
- Ocean
- Catalina
- Panoramic
- Skyline
- Woods
- Canyon
- Hills
Home Design
- Midcentury Modern Architecture
- Slab Foundation
- Plaster Walls
- Clay Roof
- Wood Siding
- Stucco
Interior Spaces
- 1-Story Property
- Open Floorplan
- Built-In Features
- Cathedral Ceiling
- Skylights in Kitchen
- Double Pane Windows
- Window Screens
- Living Room
- Dining Area
Kitchen
- Gourmet Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Kitchen Island
- Stone Countertops
- Disposal
Flooring
- Wood
- Stone
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Suite
- 4 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
Parking
- 2 Parking Spaces
- Carport
Pool
- Heated In Ground Pool
- Gas Heated Pool
Outdoor Features
- Balcony
- Deck
- Open Patio
- Rain Gutters
Utilities
- Central Heating and Cooling System
- Tankless Water Heater
- Sewer in Street
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5587-028-032
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2024
Closed on
Oct 29, 2024
Sold by
Borg Jason and Ressler Samantha Lynn
Bought by
Holt Joshua Gregory
Seller's Agent
Michael Maguire
Compass
Buyer's Agent
Michael Maguire
Compass
List Price
$4,995,000
Sold Price
$4,500,000
Premium/Discount to List
-$495,000
-9.91%
Views
161
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$79,487
Avg. Annual Appreciation
-2.18%
Original Mortgage
$4,049,550
Outstanding Balance
$4,009,885
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$410,628
Purchase Details
Closed on
Mar 1, 2023
Sold by
Borg Jason
Bought by
Borg Jason and Ressler Samantha Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
5.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 23, 2015
Sold by
Phelan Michael and Phelan Tanya
Bought by
Borg Jason
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 10, 2014
Sold by
Phelan Michael C
Bought by
Phelan Michael and Phelan Tanya
Purchase Details
Closed on
Jun 12, 2000
Sold by
Broderick Beth
Bought by
Phelan Michael C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8%
Purchase Details
Closed on
Sep 10, 1998
Sold by
Porizek Brian
Bought by
Broderick Beth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
7.25%
Purchase Details
Closed on
Aug 3, 1998
Sold by
Le Clair Ron and Le Kellie
Bought by
Broderick Beth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
7.25%
Purchase Details
Closed on
Jan 28, 1994
Sold by
Lohrer Dale A
Bought by
Leclair Ron and Leclair Kellie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.19%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 20, 1993
Sold by
Kern William H and Kern Lynn W
Bought by
Lohrer Dale 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
3.87%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $4,500,000 | First American Title Insurance | |
| Gift Deed | -- | Old Republic Title | |
| Grant Deed | $3,565,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $800,000 | Equity Title | |
| Interfamily Deed Transfer | -- | United Title Company | |
| Grant Deed | $687,500 | United Title Company | |
| Individual Deed | -- | Provident Title | |
| Grant Deed | $345,000 | Southland Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,049,550 | New Conventional | |
| Previous Owner | $2,400,000 | New Conventional | |
| Previous Owner | $2,410,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $2,400,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,200,000 | Unknown | |
| Previous Owner | $498,500 | Unknown | |
| Previous Owner | $500,000 | No Value Available | |
| Previous Owner | $616,000 | Unknown | |
| Previous Owner | $550,000 | No Value Available | |
| Previous Owner | $380,000 | Unknown | |
| Previous Owner | $105,000 | Seller Take Back | |
| Previous Owner | $275,000 | No Value Available | |
| Closed | $35,500 | No Value Available | |
| Closed | $68,750 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/05/2024 11/05/24 | Sold | $4,500,000 | -5.3% | $2,682 / Sq Ft |
| 09/11/2024 09/11/24 | Pending | -- | -- | -- |
| 07/25/2024 07/25/24 | Price Changed | $4,750,000 | -4.9% | $2,831 / Sq Ft |
| 05/23/2024 05/23/24 | For Sale | $4,995,000 | 0.0% | $2,977 / Sq Ft |
| 10/23/2020 10/23/20 | Rented | $30,405 | +78.9% | -- |
| 10/07/2020 10/07/20 | For Rent | $17,000 | 0.0% | -- |
| 09/25/2015 09/25/15 | Sold | $3,565,000 | -8.6% | $2,125 / Sq Ft |
| 08/13/2015 08/13/15 | Pending | -- | -- | -- |
| 07/13/2015 07/13/15 | Price Changed | $3,900,000 | -14.3% | $2,324 / Sq Ft |
| 06/24/2015 06/24/15 | Price Changed | $4,550,000 | -4.2% | $2,712 / Sq Ft |
| 05/08/2015 05/08/15 | For Sale | $4,750,000 | -- | $2,831 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $50,053 | $4,500,000 | $3,500,000 | $1,000,000 |
| 2024 | $50,053 | $4,137,484 | $3,209,017 | $928,467 |
| 2023 | $49,068 | $4,056,358 | $3,146,096 | $910,262 |
| 2022 | $46,787 | $3,976,822 | $3,084,408 | $892,414 |
| 2021 | $46,242 | $3,898,846 | $3,023,930 | $874,916 |
| 2019 | $44,777 | $3,783,206 | $2,934,240 | $848,966 |
| 2018 | $44,653 | $3,709,026 | $2,876,706 | $832,320 |
| 2016 | $42,716 | $3,565,000 | $2,765,000 | $800,000 |
| 2015 | $13,258 | $1,093,186 | $802,413 | $290,773 |
| 2014 | $13,312 | $1,071,773 | $786,695 | $285,078 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Maguire
-
Victoria Massengale
Seller Co-Listing Agent in 2024
Victoria Massengale
Compass
(323) 640-2924
14 in this area
48 Total Sales
-
S
Buyer's Agent in 2020
Subscriber Non
Non-Participant Office
-
Jonathan Nash
Buyer's Agent in 2015
Jonathan Nash
Carolwood Estates
(424) 230-6088
3 in this area
75 Total Sales
-
Stephen Resnick
Buyer Co-Listing Agent in 2015
Stephen Resnick
Carolwood Estates
(310) 278-3311
1 in this area
45 Total Sales
Map
Source: The MLS
MLS Number: 24-395273
APN: 5587-028-032
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