NOT LISTED FOR SALE

Estimated Value: $5,270,000 - $6,726,000

4 Beds
4 Baths
2,899 Sq Ft
$2,096/Sq Ft Est. Value

Sale Details

Date Sold: September 6, 2016

Last sale price $4,500,000 $1,552 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $37,418 / mo

56 Days on Market

Highlights

  • Guest House
  • Sauna
  • 10,799 Sq Ft lot
  • Broadway Elementary Rated A
  • Views of Trees
  • Craftsman Architecture

About This Home

As of September 2016

Captivating Venice double lot located less than 1 block east of Abbot Kinney. The incomparable opportunity of nearly a quarter acre double lot; you may choose to design your dream house, develop both lots, or settle into the wonderland that currently exists. This enchanting & exclusive retreat is the epitome of LA Venetian culture at its finest. Split between 2 highly upgraded vintage homes, this 4 bedroom, 3.5 bath compound is an irreplaceable, well-known & coveted gem in Venice Beach. Hardwood floors, bay windows, skylights, & beautifully renovated kitchens equipped with O'Keefe and Merritt gas stoves & SS appliances, make each home an entertainer's dream. Within the grounds, discover 9 Themed Patios, including BBQ & outdoor dining, a waterfall, Koi Pond, Yoga Studio, home spa, outdoor shower & more features that create the ideal lifestyle home. Indian archways, doors & temple adorn the grounds filled w/mature fruit trees & herb gardens, completing the mystical oasis.

Last Agent to Sell the Property

Jesse Weinberg

Jesse Weinberg License #01435805 Listed on: 06/06/2016

Co-Listed By

Katherine Eychis

Estate Properties License #01889860

Last Buyer's Agent

Marc Stein

Douglas Elliman License #01915166

Douglas Elliman

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 Details

Home Type

  • Single Family

Year Built

  • Built in 1911

Lot Details

  • 10,799 Sq Ft Lot
  • Property is zoned LAR2

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,899 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Home Office
  • Sauna
  • Views of Trees

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Studio bedroom
  • Converted Bedroom
  • Walk-In Closet
  • Powder Room
  • 4 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Converted Garage
  • Garage Door Opener

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit

Additional Features

  • Guest House
  • Central Heating

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4241-012-034

Home Details

Home Type

Single Family

Year Built

Built in 1911

Lot Details

10,799 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Craftsman
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2899
  • Planned Urban Dev: 0
  • Stories: 1
  • Year Built: 1911
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Fire Pit
  • Flooring: Hardwood, Tile
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 4
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1862.37

Exterior Features

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

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Detached, Door Opener, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4241-012-034
  • Geocode Override: No
  • Lot Size Area: 10799

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2016
Closed on
Aug 9, 2016
Sold by
Redding Gabriella Cigliano
Bought by
Seller's Agent
Jesse Weinberg
Jesse Weinberg
Buyer's Agent
Marc Stein
Douglas Elliman
List Price
$5,399,000
Sold Price
$4,500,000
Premium/Discount to List
-$899,000
-16.65%
Current Estimated Value
$5,865,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,365,344
Avg. Annual Appreciation
3.05%
Original Mortgage
$3,375,000
Interest Rate
2.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 12, 2014
Sold by
Redding Gabriella Cigliano
Bought by
Redding Gabriella Cigliano

Purchase Details

Closed on
Jan 7, 2014
Sold by
Redding Jheri E and Cigliano Gabriela
Bought by
Redding Gabriella Cigliano

Purchase Details

Closed on
Jul 27, 2009
Sold by
Bell Neil Alfred
Bought by
Redding Jheri E and Cigliano Gabriella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$869,750
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2004
Sold by
Esakoff Lauren
Bought by
Bell Neil Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,200
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2004
Sold by
Bell Neil Alfred and The Neil Alfred Bell 2002 Livi
Bought by
Bell Neil Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,200
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2002
Sold by
Bell Neil
Bought by
Bell Neil Alfred and Neil Alfred Bell 2002 Living T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.88%
Mortgage Type
Stand Alone First
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Venice, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,500,000 Chicago Title Company
Redding Gabriella Cigliano -- Lawyers Title
Redding Gabriella Cigliano -- None Available
Redding Jheri E $1,242,500 Lawyers Title Company
Bell Neil Alfred $376,500 Provident Title Company
Bell Neil Alfred -- Provident Title Company
Bell Neil Alfred -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,700,000
Closed Palms At Crescent Llc $3,375,000
Previous Owner Redding Jheri E $869,750
Previous Owner Bell Neil Alfred $376,200
Previous Owner Bell Neil Alfred $453,000
Previous Owner Bell Neil $170,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/06/2016 09/06/16 Sold $4,500,000 -16.7% $1,552 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
06/06/2016 06/06/16 For Sale $5,399,000 -- $1,862 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $62,537 $5,327,082 $4,261,668 $1,065,414
2025 $62,537 $5,222,630 $4,178,106 $1,044,524
2024 $61,915 $5,120,227 $4,096,183 $1,024,044
2023 $60,700 $5,019,831 $4,015,866 $1,003,965
2022 $57,849 $4,921,404 $3,937,124 $984,280
2021 $57,159 $4,824,907 $3,859,926 $964,981
2019 $55,430 $4,681,800 $3,745,440 $936,360
2018 $55,254 $4,590,000 $3,672,000 $918,000
2016 $33,195 $2,760,098 $1,826,872 $933,226
2015 $32,705 $2,718,640 $1,799,431 $919,209
2014 $32,796 $2,665,386 $1,764,183 $901,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-132142

The MLS

APN: 4241-012-034

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