NOT LISTED FOR SALE

Estimated Value: $7,623,000 - $7,794,987

5 Beds
5.5 Baths
4,330 Sq Ft
$1,780/Sq Ft Est. Value

Last Sold August 13, 2015

Last sale price $5,050,000 $1,166 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $45,959/month

277 Days on Market

Highlights

  • Ocean View
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Pacific Elementary School Rated A
  • No HOA
  • Central Air

About This Home

As of August 2015

Nirvana on the Rise. Metlox changed everything. MB's American Martyrs area has been on a dramatic rise in desirability and is still going, because it offers the best of three worlds: tree, sand and hill section. Once the in-betweener, now the in-place-to-be. The ocean views are amazing at this brand new, Doug Leach designed, ocean view (HUGE VIEWS) home. Its Plantation style with 5 bedrooms + 5.5 baths + media room + wine room and south facing 236 sf lanai/deck is an endless daydream. The kitchen has a 50 sf center island + Wolf-SubZero-Bosch appliances. The great room features 2 balconies overlooking the sand section through to the lights of the Palos Verdes Peninsula and Malibu. The easy distance to downtown MB makes Saturday mornings more enjoyable. The master suite is spacious and impressive with fireplace, balcony and a 150 sf walk-in closet. Stone, Provenza and wide plank, hand-distressed oak flooring. The close proximity to the downtown shops allow one to “park the car in your 3 car garage on Friday and forget about all the stress ’til next week”. The beach access is incredible as you can walk due west on MB Blvd and run right into the pier. The location is optimal. It’s close enough to the action without the distractions. Elevator included.

Last Agent to Sell the Property

Lauren Forbes

Compass License #01295248 Listed on: 10/10/2014

Compass

Co-Listed By

John Corrales

Vista Sotheby’s International Realty License #01263687

Last Buyer's Agent

Beth Morrissey

Beach City Brokers License #01402689

Beach City Brokers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,374

Year Built

  • Built in 2014

Lot Details

  • 3,001

Parking

  • 3 Car Garage

Interior Spaces

  • 4,330 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Living Room with Fireplace
  • Ocean Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Additional Features

  • Outdoor Fireplace
  • 3,001 Sq Ft Lot
  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 4170017024

Home Details

Home Type

Single Family

Est. Annual Taxes

$66,374

Year Built

Built in 2014

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4170017024
  • Year Built: 2014
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4330.00
  • Stories: 3
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Living Room, Master Bedroom, Outside
  • Levels: Three Or More
  • Price Per Square Foot: 1166.28
  • Room Type: Family Room, Living Room, Master Bedroom, Walk-In Closet

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 3001.00
  • Price Per Lot Square Foot: 1682.77
  • Lot Size Acres: 0.0690

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3001.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2014
Closed on
Jul 17, 2015
Sold by
Paseo Verde Llc
Bought by
Greenhill Mark and Mark Greenhill Revocable Trust
Seller's Agent
Lauren Forbes
Compass
Buyer's Agent
Beth Morrissey
Beach City Brokers
List Price
$5,300,000
Sold Price
$5,050,000
Premium/Discount to List
-$250,000
-4.72%
Current Estimated Value
$7,708,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,658,497
Avg. Annual Appreciation
4.25%

Purchase Details

Closed on
Feb 25, 2014
Sold by
Johnson Tim
Bought by
Paseo Verde Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,240,000
Interest Rate
4.34%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 15, 2013
Closed on
Oct 3, 2013
Sold by
Kawabe Carl I
Bought by
Johnson Tim
Seller's Agent
Lauren Forbes
Compass
Buyer's Agent
Lauren Forbes
Compass
List Price
$1,585,000
Sold Price
$1,585,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.13%
Original Mortgage
$1,268,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 6, 2006
Sold by
Kawabe Carl I and Kawabe Shawn E
Bought by
Kawabe Carl I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Greenhill Mark $5,050,000 Usa National Title
Paseo Verde Llc $1,585,000 Old Republic Title Company
Johnson Tim $1,585,000 Usa National Title Co Inc
Kawabe Carl I -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paseo Verde Llc $2,240,000
Previous Owner Johnson Tim $1,268,000
Previous Owner Kawabe Carl I $660,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2015 08/13/15 Sold $5,050,000 -4.7% $1,166 / Sq Ft
07/14/2015 07/14/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $5,300,000 0.0% $1,224 / Sq Ft
05/06/2015 05/06/15 Pending -- -- --
10/10/2014 10/10/14 For Sale $5,300,000 +234.4% $1,224 / Sq Ft
10/17/2013 10/17/13 Sold $1,585,000 0.0% $1,531 / Sq Ft View Prior Sale
08/29/2013 08/29/13 Pending -- -- --
08/15/2013 08/15/13 For Sale $1,585,000 -- $1,531 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $66,374 $5,978,171 $4,178,803 $1,799,368
2024 $66,374 $5,860,953 $4,096,866 $1,764,087
2023 $64,684 $5,746,034 $4,016,536 $1,729,498
2022 $63,555 $5,633,368 $3,937,781 $1,695,587
2021 $62,338 $5,522,911 $3,860,570 $1,662,341
2019 $60,647 $5,359,100 $3,746,064 $1,613,036
2018 $59,476 $5,254,020 $3,672,612 $1,581,408
2016 $55,662 $5,050,000 $3,530,000 $1,520,000
2015 $17,841 $1,616,667 $1,293,334 $323,333
2014 $17,590 $1,585,000 $950,000 $635,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14218397

California Regional Multiple Listing Service (CRMLS)

APN: 4170-017-024