NOT LISTED FOR SALE

701 Vernon Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,164,000 - $2,463,742

3 Beds
2 Baths
1,380 Sq Ft
$1,666/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $1,870,000 $1,355 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $14,125/month

42 Days on Market

Highlights

  • No HOA
  • Covered Patio or Porch
  • Floor Furnace
  • Broadway Elementary Rated A
  • Bungalow
  • Dining Area

About This Home

As of December 2017

AMAZING OPPORTUNITY IN THE HEART OF VENICE !! Great development opportunity on one of the largest lots in the area, Create your own compound!! Zoned for 1.5, possible to build 2 plus dwellings. Large corner lot on one of the most desirable streets in Venice with lots of potential to build your dream home or fix up. Great location in the heart of Silicon Beach, West of Lincoln, South of Rose, walking distance to Abbot Kinney, beach, shops, and schools. A++ location with lots of possibilities, great potential for owner user or developer. This property is a True gem in the best part of Venice! Property sold AS-IS, Probate sale, buyer to verify with city what can be built.

Last Agent to Sell the Property

Nicole Contreras

Christie's International Real Estate SoCal License #01512844 Listed on: 08/30/2017

Christie's International Real Estate SoCal

Last Buyer's Agent

Nicole Contreras

Christie's International Real Estate SoCal License #01512844 Listed on: 08/30/2017

Christie's International Real Estate SoCal

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1922

Lot Details

  • 6,306 Sq Ft Lot
  • Front Yard Sprinklers
  • Property is zoned LARD1.5

Home Design

  • Bungalow

Interior Spaces

  • 1,380 Sq Ft Home
  • 1-Story Property
  • Dining Area

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Covered Patio or Porch
  • Floor Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4240-016-076

Home Details

Home Type

Single Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 1380
  • Probate: Yes
  • Stories: 1
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 1445.65

Exterior Features

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

Utilities

  • Heating: Floor Furnace

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Front
  • Assessor Parcel Number: 4240-016-076
  • Geocode Override: No
  • Lot Size Area: 6306

Rental Info

  • Court Approve: No

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2017
Closed on
Dec 14, 2017
Sold by
Crawford Bruce
Bought by
701 Cali Llc
Seller's Agent
Nicole Contreras
Christie's International Real Estate SoCal
Buyer's Agent
Nicole Contreras
Christie's International Real Estate SoCal
List Price
$1,995,000
Sold Price
$1,870,000
Premium/Discount to List
-$125,000
-6.27%
Current Estimated Value
$2,299,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,436
Avg. Annual Appreciation
2.61%

Purchase Details

Closed on
Nov 7, 2007
Sold by
Crawford Bruce
Bought by
Crawford Inez W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,185
Interest Rate
4.72%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Sep 5, 2002
Sold by
Crawford Inez W
Bought by
Crawford Inez W and Crawford Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage
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
701 Cali Llc $1,870,000 Fidelity Sherman Oaks
Crawford Inez W -- Lenders Choice Title Company
Crawford Inez W -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crawford Inez W $544,185
Previous Owner Crawford Inez W $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2017 12/29/17 Sold $1,870,000 -6.3% $1,355 / Sq Ft
08/30/2017 08/30/17 For Sale $1,995,000 -- $1,446 / Sq Ft
Source: The 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
2025 $25,351 $2,712,390 $1,702,190 $1,010,200
2024 $25,351 $2,086,016 $1,668,814 $417,202
2023 $24,858 $2,045,115 $1,636,093 $409,022
2022 $23,697 $2,005,015 $1,604,013 $401,002
2021 $23,416 $1,965,702 $1,572,562 $393,140
2019 $22,711 $1,907,400 $1,525,920 $381,480
2018 $22,598 $1,870,000 $1,496,000 $374,000
2016 $613 $40,746 $25,865 $14,881
2015 $606 $40,135 $25,477 $14,658
2014 $619 $39,349 $24,978 $14,371
Source: Public Records

Agents Affiliated with this Home

  • Nicole Contreras

    Seller's Agent in 2017

    Nicole Contreras

    Christie's International Real Estate SoCal

    (310) 562-6677

    2 in this area

    51 Total Sales

    Nicole Contreras
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Map

Source: The MLS

MLS Number: 17-265416

The MLS

APN: 4240-016-076

California Los Angeles County Venice 90291 Venice

701 Vernon Ave, Venice, CA

Not Listed for Sale

Detached

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