NOT LISTED FOR SALE

704 Milwood Ave Unit 2 Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,554,135 - $3,197,000

3 Beds
2 Baths
1,453 Sq Ft
$1,983/Sq Ft Est. Value

Last Sold December 22, 2016

Last sale price $2,300,000 $1,583 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $18,309/month

133 Days on Market

Highlights

  • Views of a landmark
  • Recreation Room
  • No HOA
  • Broadway Elementary Rated A-
  • Corner Lot
  • 4-minute walk to Oakwood Park

About This Home

As of December 2016

A Prime corner duplex located on one of Venice's most sought-after streets.
This charming Duplex comes with a 2 bedroom rear house that has a large
backyard, converted garage that can be used as an office, studio, or whatever
you can think of. Both the house and yard has been partially upgraded and
landscaped but give the new buyer plenty of room to design this house into
whatever they desire.
The lot is large enough to accommodate 3 off street parking spots.
But parking is not compromised, the lot is large enough to accommodate any
outdoor activity you choose. Located in one of the most ideal locations, this
property only one block from the heart of Abbot Kinney and walking distance
to the beach. Also as a corner lot, this property is both practical by providing
more than enough street parking but also give you plenty of unobstructed views
of the beautiful Venice Beach skies.
This property also comes with an additional 1 bedroom, 1 bath apartment that
gives the new owner an added source of income while still having all the room
and benefits of being a home owner.

Last Agent to Sell the Property

Susan Hardin

Coldwell Banker Top Team License #01308737 Listed on: 09/27/2016

Coldwell Banker Top Team

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,648

Year Built

  • Built in 1950

Lot Details

  • 5,850 Sq Ft Lot
  • Property fronts an alley
  • Corner Lot
  • Drip System Landscaping

Interior Spaces

  • 1,453 Sq Ft Home
  • Recreation Room
  • Views of a landmark

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Outbuilding
  • Septic Type Unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 67
  • Assessor Parcel Number 4241011002

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,648

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4241011002
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1453.00 Square Feet
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Price Per Square Foot: 1582.93
  • Room Type: Recreation

Exterior Features

  • Other Structures: Outbuilding
  • View: Landmark
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Sprinklers Drip System
  • Lot Size Sq Ft: 5850.00
  • Price Per Lot Square Foot: 393.16
  • Lot Size Acres: 0.1340

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5850.0000 Square Feet

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2017
Sold by
Bushnaq Margot Loraine
Bought by
Bushnaq Firas Walid and Bushnaq Margot Loraine
Current Estimated Value
$2,881,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Outstanding Balance
$1,155,449
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,726,263

Purchase Details

Listed on
Sep 27, 2016
Closed on
Nov 3, 2016
Sold by
Mata Silverio V
Bought by
Bushnaq Margot Loraine and Bushnaq Firas Walid
Seller's Agent
Susan Hardin
Coldwell Banker Top Team
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$2,300,000
Sold Price
$2,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.63%

Purchase Details

Closed on
Jul 30, 2014
Sold by
Mata Trust
Bought by
Mata Silverio V

Purchase Details

Closed on
Jan 30, 2004
Sold by
Mata Trust
Bought by
Mata Rosendo

Purchase Details

Closed on
Dec 7, 1994
Sold by
Mata Rosendo G and Mata Maria V
Bought by
Mata Rosendo G and Mata Maria
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
Bushnaq Firas Walid -- Fidelity National Title
Bushnaq Margot Loraine $2,300,000 Usa National Title
Mata Silverio V -- None Available
Mata Rosendo -- --
Mata Rosendo G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bushnaq Firas Walid $1,470,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2016 12/22/16 Sold $2,300,000 0.0% $1,583 / Sq Ft
09/27/2016 09/27/16 For Sale $2,300,000 0.0% $1,583 / Sq Ft
09/19/2016 09/19/16 Off Market $2,300,000 -- --
07/21/2016 07/21/16 For Sale $2,300,000 0.0% $1,583 / Sq Ft
07/21/2016 07/21/16 Pending -- -- --
05/26/2016 05/26/16 Price Changed $2,300,000 -11.5% $1,583 / Sq Ft
04/08/2016 04/08/16 Price Changed $2,600,000 -7.1% $1,789 / Sq Ft
03/10/2016 03/10/16 For Sale $2,800,000 -- $1,927 / 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 $31,648 $2,669,344 $2,089,052 $580,292
2024 $31,648 $2,617,005 $2,048,091 $568,914
2023 $31,029 $2,565,692 $2,007,933 $557,759
2022 $29,573 $2,515,385 $1,968,562 $546,823
2021 $29,223 $2,466,064 $1,929,963 $536,101
2019 $28,339 $2,392,920 $1,872,720 $520,200
2018 $28,232 $2,346,000 $1,836,000 $510,000
2016 $940 $66,223 $39,118 $27,105
2015 $929 $65,229 $38,531 $26,698
2014 $949 $63,953 $37,777 $26,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR16051429

California Regional Multiple Listing Service (CRMLS)

APN: 4241-011-002