NOT LISTED FOR SALE

553 Sunset Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,847,000 - $2,331,000

2 Beds
1 Bath
928 Sq Ft
$2,191/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $1,555,000 $1,676 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $12,333/month

13 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • 2 Car Garage
  • Venice High School Rated A
  • No HOA
  • Living Room

About This Home

As of December 2017

The opportunities are endless on Sunset Ave. One block away from Rose Ave sits this original Venice bungalow with a large grassy backyard. A great layout lends to an easy remodel for an entry level Venice home and the property also has the zoning that allows for a Small Lot Subdivision. Similar properties nearby have been approved for 2 homes with a total build-out of apprx 4,000sqft. Don't miss this chance to purchase the least expensive home on the market West of Lincoln Blvd.

Last Agent to Sell the Property

Mark Kitching

Douglas Elliman License #01742148 Listed on: 11/14/2017

Douglas Elliman

Co-Listed By

Robin Walpert

Sotheby's International Realty License #01237116

Last Buyer's Agent

Mark Kitching

Douglas Elliman License #01742148 Listed on: 11/14/2017

Douglas Elliman

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953

Lot Details

  • 5,564 Sq Ft Lot
  • Property is zoned LARD1.5

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • 928 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Laundry Room

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4240-010-021

Home Details

Home Type

Single Family

Year Built

Built in 1953

Lot Details

5,564 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 928
  • Stories: 1
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Hardwood, Laminate
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 1.00
  • Equipment: Ceiling Fan, Dishwasher, Range/Oven, Refrigerator
  • Price Per S Q F T: 1643.32

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 2 Car, Garage Is Detached

Utilities

  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4240-010-021
  • Geocode Override: No
  • Lot Size Area: 5564

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2017
Closed on
Dec 22, 2017
Sold by
Scott
Bought by
Kurt >Hwcp
Seller's Agent
Mark Kitching
Douglas Elliman
Buyer's Agent
Mark Kitching
Douglas Elliman
List Price
$1,525,000
Sold Price
$1,555,000
Premium/Discount to List
$30,000
1.97%
Current Estimated Value
$2,032,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,883
Avg. Annual Appreciation
3.31%
Original Mortgage
$1,244,000
Outstanding Balance
$1,047,339
Interest Rate
3.94%
Estimated Equity
$985,544

Purchase Details

Closed on
Jan 13, 2007
Sold by
Scott Lillie Bel
Bought by
Lillie Bel Scott Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kurt >Hwcp -- --
Lillie Bel Scott Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kurt >Hwcp $1,244,000
Closed Kurt >Hwcp --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2017 12/22/17 Sold $1,555,000 +2.0% $1,676 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
11/14/2017 11/14/17 For Sale $1,525,000 -- $1,643 / Sq Ft
Source: The MLS

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 $21,056 $1,769,320 $1,415,457 $353,863
2024 $21,056 $1,734,628 $1,387,703 $346,925
2023 $20,647 $1,700,617 $1,360,494 $340,123
2022 $19,682 $1,667,272 $1,333,818 $333,454
2021 $19,449 $1,634,581 $1,307,665 $326,916
2019 $18,863 $1,586,100 $1,268,880 $317,220
2018 $18,773 $1,555,000 $1,244,000 $311,000
2016 $484 $34,130 $19,034 $15,096
2015 $478 $33,619 $18,749 $14,870
2014 $490 $32,961 $18,382 $14,579
Source: Public Records

Agents Affiliated with this Home

  • Mark Kitching

    Seller's Agent in 2017

    Mark Kitching

    Douglas Elliman

    (310) 902-0221

    11 in this area

    27 Total Sales

    Mark Kitching
    Section Image
  • Robin Walpert

    Seller Co-Listing Agent in 2017

    Robin Walpert

    Sotheby's International Realty

    (310) 480-4980

    9 in this area

    46 Total Sales

    Robin Walpert
    Section Image
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Map

Source: The MLS

MLS Number: 17-288400

The MLS

APN: 4240-010-021

California Los Angeles County Venice 90291 Venice

553 Sunset Ave, Venice, CA

Not Listed for Sale

Detached

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