NOT LISTED FOR SALE

Estimated Value: $2,712,000 - $11,855,471

6 Beds
10 Baths
10,000 Sq Ft
$657/Sq Ft Est. Value

Last Sold October 19, 2015

Last sale price $8,295,000 $830 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $38,573/month

200 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Sauna
  • Bird Rock Elementary School Rated A
  • In Ground Pool
  • 2-minute walk to Vista Point

About This Home

As of October 2015

This distinctive La Jolla landmark estate, originally designed in 1929 by renowned architect, Thomas Shepherd, rests on a rare double lot in prestigious Lower Hermosa. The residence has been completely renovated and expanded to include 6 en suite bedrooms, 8 full baths plus 2 powder rooms, a theatre, wine cellar, 5 spectacular courtyards, and a glass mosaic pool with a pool house. Historically designated providing an enormous tax benefit under The Mills Act (see supplement). Situated in the highly coveted Lower Hermosa neighborhood of La Jolla, this Italian-inspired European estate has been completely renovated and expanded utilizing quality craftsmanship & stunning interior appointments such as lath & plaster walls, Venetian leaded glass windows, intricately detailed ceiling treatments, handcrafted wrought iron railings, and an extensive use of rare marble. The artfully designed interior includes 6 en suite bedrooms, 8 full baths plus 2 powder rooms, luxurious living areas, a theatre with a wet bar & kitchenette, as well as a wine cellar with a tasting area. The kitchen is a chef’s delight offering Calcutta marble countertops, French tiles, a breathtaking breakfast room and a butler’s pantry. The master retreat is nothing short of spectacular with its dramatic hand-painted sitting room, his & hers baths and walk-in closets, and French doors leading to a private balcony overlooking the pool patio with an ocean view. This extraordinary estate is surrounded by meticulously landscaped grounds, picturesque patios & charming courtyards, 3-car garage with alley access, glass mosaic pool and spa/fountain, pool house with a large steam shower, changing room & fireplace, all which create an ideal setting for entertaining or al fresco dining. Other amenities include 5 zones of heat & A/C, security system with cameras, Crestron home automation system, and state of the art speakers in the living, dining, music room & master suite. An immaculate design, impeccable quality & an exquisite attention to detail make this architectural masterpiece second to none! The historical designation will provide the new owner with an enormous tax benefit under The Mills Act.

Last Agent to Sell the Property

Maxine Gellens

Berkshire Hathaway HomeServices California Properties License #00591299 Listed on: 02/03/2015

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Marti Gellens-Stubbs

Berkshire Hathaway HomeService License #882546

Last Buyer's Agent

Maxine Gellens

Berkshire Hathaway HomeServices California Properties License #00591299 Listed on: 02/03/2015

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,121

Year Built

  • Built in 1929

Lot Details

  • 0.41 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Sprinklers on Timer
  • Private Yard

Parking

  • 3 Car Attached Garage
  • Alley Access
  • Garage Door Opener

Property Views

  • Ocean
  • City Lights

Home Design

  • Wood Roof

Interior Spaces

  • 10,000 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Wine Cellar
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 5 Fireplaces
  • Formal Dining Room
  • Bonus Room
  • Storage Room
  • Sauna
  • Security System Owned

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Double Master Bedroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Pool

  • In Ground Pool
  • In Ground Spa
  • Gas Heated Pool
  • Pool Equipment or Cover

Outdoor Features

  • Balcony
  • Enclosed patio or porch
  • Outdoor Fireplace

Location

  • West of 5 Freeway

Utilities

  • Zoned Heating and Cooling
  • Separate Water Meter
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 357-153-01-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,121

Year Built

Built in 1929

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: Coastal South
  • Cross Street: Camino de la Costa
  • Neighborhood: Lower Hermosa
  • Supplement: Situated in the highly coveted Lower Hermosa neighborhood of La Jolla, this Italian-inspired European estate has been completely renovated and expanded utilizing quality craftsmanship & stunning interior appointments such as lath & plaster walls, Venetian leaded glass windows, intricately detailed ceiling treatments, handcrafted wrought iron railings, and an extensive use of rare marble. The artfully designed interior includes 6 en suite bedrooms, 8 full baths plus 2 powder rooms, luxurious living areas, a theatre with a wet bar & kitchenette, as well as a wine cellar with a tasting area. The kitchen is a chef’s delight offering Calcutta marble countertops, French tiles, a breathtaking breakfast room and a butler’s pantry. The master retreat is nothing short of spectacular with its dramatic hand-painted sitting room, his & hers baths and walk-in closets, and French doors leading to a private balcony overlooking the pool patio with an ocean view. This extraordinary estate is surrounded by meticulously landscaped grounds, picturesque patios & charming courtyards, 3-car garage with alley access, glass mosaic pool and spa/fountain, pool house with a large steam shower, changing room & fireplace, all which create an ideal setting for entertaining or al fresco dining. Other amenities include 5 zones of heat & A/C, security system with cameras, Crestron home automation system, and state of the art speakers in the living, dining, music room & master suite. An immaculate design, impeccable quality & an exquisite attention to detail make this architectural masterpiece second to none! The historical designation will provide the new owner with an enormous tax benefit under The Mills Act.
  • Estimated Living Space: 10,000 or more SqFt
  • LP / Sq Ft: 895.0
  • Price Per Sq Ft: 829.5
  • Residential Unit Location: Detached
  • SP/ Sq Ft: 829.5
  • Stories: 2 Story
  • Ownership: Fee Simple
  • Total Stories: 2
  • Year Built: 1929
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Stone, Tile, Wood
  • Equipment Available: Dishwasher, Disposal, Garage Door Opener, Pool/Spa/Equipment, Range/Oven, Refrigerator
  • Fireplaces: 5
  • Fireplace: Fp In Dining Room, Fp In Living Room, Fp In Master Br, Patio/Outdoors
  • Searchable Rooms: Bedroom Entry Level, Bonus Room, Breakfast Area, Dining Room/Separate, Family Room, Formal Entry, Master Bdrm 2, Master Retreat, Optional Bedrooms, Sauna/Steam, Storage Room, Wine Cellar
  • Total Bedrooms: 6
  • Bedrooms: 6
  • Master Bedroom Dimensions: 22x17
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 10000
  • Total Bathrooms: 10

Exterior Features

  • Fencing: Partial
  • Patio: Balcony, Covered, Enclosed, Stone/Tile
  • Pool: Below Ground
  • Pool Heat: Gas
  • Roof: Wood
  • Spa: Private Below Ground
  • Spa Heat: Gas
  • View: Evening Lights, Ocean
  • Exclusive Use Yard: Yes

Garage/Parking

  • Garage Details: Attached
  • Garage Spaces: 3
  • Parking Spaces Total: 3

Utilities

  • Cooling: Central Forced Air, Zoned Area(s)
  • Laundry Utilities: Electric, Gas
  • Security: Closed Circuit TV, Eqpt Owned
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Zoned Areas, Forced Air Unit
  • Heating Fuel: Natural Gas
  • Telecommunications: Cable (coaxial)

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LA JOLLA

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: .25 to .5 AC
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Assessor Parcel Number: 357-153-01-00
  • Estimated Lot Sq Ft: 17960
  • Estimated Number of Acres: 0.4123
  • Map Code Column: F
  • Map Code Page: 1247
  • Map Code Row: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2020
Sold by
Kleinbub Eric K and Kleinbub Zoe Z
Bought by
Kleinbub Eric K and Kleinbub Zoe Z
Total Days on Market
200
Current Estimated Value
$6,572,824

Purchase Details

Listed on
Feb 3, 2015
Closed on
Oct 14, 2015
Sold by
Terravista Partners Ltd
Bought by
Kleinbub Eric K and Kleinbub Zoe Z
Seller's Agent
Maxine Gellens
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Maxine Gellens
Berkshire Hathaway HomeServices California Properties
List Price
$9,980,000
Sold Price
$8,295,000
Premium/Discount to List
-$1,685,000
-16.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.01%
Original Mortgage
$5,391,750
Interest Rate
1.8%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 5, 2002
Sold by
Scripps Health
Bought by
Terravista Partners Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,625,000
Interest Rate
6.16%

Purchase Details

Closed on
May 7, 2002
Sold by
First American Trust Company
Bought by
Scripps Health

Purchase Details

Closed on
Aug 18, 1998
Sold by
Wells Fargo Bank Na
Bought by
First American Trust Company

Purchase Details

Closed on
Jul 15, 1994
Sold by
San Diego Trust & Svgs Bank
Bought by
First Interstate Bank Of California
Source: Public Records

Range of Values:

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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
Kleinbub Eric K -- None Available
Kleinbub Eric K $8,295,000 Chicago Title Company
Terravista Partners Ltd $3,500,000 Chicago Title Co
Scripps Health -- --
First American Trust Company -- --
First Interstate Bank Of California -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kleinbub Eric K $600,000
Open Kleinbub Eric K $5,400,000
Closed Kleinbub Eric K $5,391,750
Previous Owner Terravista Partners Ltd $4,000,000
Previous Owner Terravista Partners Ltd $3,000,000
Previous Owner Terravista Partners Hidden Village Ltd $5,265,500
Previous Owner Terravista Partners Ltd $981,000
Previous Owner Terravista Partners Ltd $3,625,000
Previous Owner Terravista Partners Ltd $2,625,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2015 10/19/15 Sold $8,295,000 -7.3% $830 / Sq Ft
08/21/2015 08/21/15 Pending -- -- --
05/30/2015 05/30/15 Price Changed $8,950,000 -8.7% $895 / Sq Ft
04/10/2015 04/10/15 Price Changed $9,800,876 -1.8% $980 / Sq Ft
02/02/2015 02/02/15 For Sale $9,980,000 -- $998 / Sq Ft
Source: San Diego 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
2024 $20,121 $1,642,615 $380,702 $1,261,913
2023 $19,934 $1,631,397 $385,831 $1,245,566
2022 $20,418 $1,682,878 $428,347 $1,254,531
2021 $20,213 $1,644,725 $416,854 $1,227,871
2020 $20,070 $1,636,278 $417,630 $1,218,648
2019 $19,942 $1,623,034 $420,745 $1,202,289
2018 $19,414 $1,657,016 $451,978 $1,205,038
2017 $19,342 $1,657,920 $463,152 $1,194,768
2016 $18,778 $1,603,504 $440,926 $1,162,578
2015 $19,420 $1,650,833 $477,151 $1,173,682
2014 $19,578 $1,658,005 $491,510 $1,166,495
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 150005879

San Diego MLS

APN: 357-153-01