NOT LISTED FOR SALE

Estimated Value: $3,000,000 - $3,403,000

3 Beds
2 Baths
1,864 Sq Ft
$1,686/Sq Ft Est. Value

Last Sold July 21, 2020

Last sale price $2,725,000 $1,462 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $19,356/month

3 Days on Market

Highlights

  • Views of Trees
  • Craftsman Architecture
  • Main Floor Bedroom
  • Broadway Elementary Rated A
  • Wood Flooring
  • Hydromassage or Jetted Bathtub

About This Home

As of July 2020

This original 1911 Venice Beach craftsman bungalow has been thoughtfully and meticulously reimagined by renowned architects Payson Denney, masterfully celebrating the design integrity of a vintage era while infusing the space with a modern elegance. Sun-soaked open living spaces are accented with period details like vintage hardware and lighting, custom built-ins, and transom windows. An entertainer's dream, the entire property invites indoor/outdoor living with integrated sound system, an open-air dining area, and a lushly landscaped private backyard sanctuary with fire pit. The entire second floor is a breathtakingly perfect Master Suite: surrounded by tree-tops and sunrise/sunset views, sitting areas from two private decks, and a sumptuous spa-like bathroom with steam shower and jetted tub. Also features a two car garage and bonus parking for one vehicle. Incredible location blocks from Abbot Kinney shopping/restaurants and the heart of famed Venice Beach.

Last Agent to Sell the Property

Violetta Hargitay

Sotheby's International Realty License #01048551 Listed on: 06/18/2020

Sotheby's International Realty

Co-Listed By

Robin Walpert

Sotheby's International Realty License #01237116

Last Buyer's Agent

Megan Whalen

Compass License #01374178

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1911 | Remodeled

Lot Details

  • 3,389 Sq Ft Lot
  • Lot Dimensions are 42x85
  • Fenced Yard
  • Wood Fence
  • Sprinklers on Timer
  • Property is zoned LAR2

Parking

  • 2 Car Attached Garage
  • 1 Open Parking Space

Home Design

  • Craftsman Architecture
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,864 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Blinds
  • Great Room with Fireplace
  • Living Room
  • Dining Area
  • Wood Flooring
  • Views of Trees

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Powder Room
  • 2 Full Bathrooms
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Steam Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • City Lot

Utilities

  • Central Heating
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street
  • Satellite Dish
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4241-020-022

Home Details

Home Type

Single Family

Year Built

Built in 1911 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level w/steps
  • Living Area: 1864
  • Lot Acreage: 0.0778
  • Lot Dimensions: 42x85
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1911
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Turnkey, Laundry - Closet Stacked
  • Fireplace Rooms: Great Room
  • Flooring: Hardwood
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Main Floor Bedroom, Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Steam Shower, Powder Room, Remodeled, Shower and Tub, Shower Over Tub, Tub With Jets
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area, Breakfast Nook
  • Kitchen Features: Remodeled
  • Laundry: Inside, Laundry Closet Stacked
  • Total Bathrooms: 2.00
  • Equipment: Cable, Garbage Disposal, Ceiling Fan, Dishwasher, Dryer, Washer, Refrigerator, Stackable W/D Hookup, Range/Oven, Freezer
  • Fireplace: Yes
  • Price Per S Q F T: 1435.09
  • Windows: Window Blinds, Double Pane Windows, Skylights

Exterior Features

  • Construction: Wood Siding
  • Other Features: Balcony, Sprinkler System
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Fence: Wood
  • Patio: Porch - Front, Balcony, Covered Porch, Covered
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 1
  • Parking Garage: Garage Is Attached, Garage - 2 Car, Parking Space
  • Total Parking: 3

Utilities

  • TV Svcs: Cable TV, Tv Satellite Dish
  • Water Heater: Gas, Tankless
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Sprinklers: Sprinkler System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 4241-020-022
  • Geocode Override: No
  • Lot Description: Fenced Yard, Back Yard, Front Yard, Yard
  • Lot Location: City
  • Lot Size Area: 3389

Rental Info

  • Land Lease Purchase Yn: No

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Jun 24, 2020
Sold by
Schiff Eric and Eric Schiff Living Trust
Bought by
Hobbins David and Pinckard Jane
Seller's Agent
Violetta Hargitay
Sotheby's International Realty
Buyer's Agent
Megan Whalen
Compass
List Price
$2,675,000
Sold Price
$2,725,000
Premium/Discount to List
$50,000
1.87%
Current Estimated Value
$3,142,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,319
Avg. Annual Appreciation
2.64%
Original Mortgage
$765,600
Outstanding Balance
$675,849
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$2,466,470

Purchase Details

Closed on
May 3, 2013
Sold by
Schiff Eric
Bought by
Schiff Eric and Eric Schiff Living Trust

Purchase Details

Closed on
Apr 20, 1998
Sold by
Dow Dion S and Dow Judith H
Bought by
Schiff Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,400
Interest Rate
7.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hobbins David $2,725,000 Progressive Title Company
Schiff Eric -- Provident Title Company
Schiff Eric $355,500 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hobbins David $765,600
Previous Owner Schiff Eric $284,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2020 07/21/20 Sold $2,725,000 +1.9% $1,462 / Sq Ft
06/21/2020 06/21/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $2,675,000 0.0% $1,435 / Sq Ft
12/26/2018 12/26/18 Rented $11,950 0.0% --
12/05/2018 12/05/18 Price Changed $11,950 -4.4% $6 / Sq Ft
11/24/2018 11/24/18 For Rent $12,500 +4.2% --
11/30/2017 11/30/17 Rented $12,000 0.0% --
11/27/2017 11/27/17 Price Changed $12,000 +14.3% $6 / Sq Ft
11/20/2017 11/20/17 Price Changed $10,500 -4.1% $6 / Sq Ft
11/10/2017 11/10/17 Price Changed $10,950 -7.6% $6 / Sq Ft
10/25/2017 10/25/17 Price Changed $11,850 -5.2% $6 / Sq Ft
10/14/2017 10/14/17 For Rent $12,500 +4.2% --
11/09/2016 11/09/16 Rented $12,000 0.0% --
10/13/2016 10/13/16 Price Changed $12,000 -11.1% $6 / Sq Ft
10/04/2016 10/04/16 For Rent $13,500 -- --
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 $35,286 $2,987,510 $2,273,106 $714,404
2024 $35,286 $2,928,933 $2,228,536 $700,397
2023 $34,592 $2,871,504 $2,184,840 $686,664
2022 $32,964 $2,815,200 $2,142,000 $673,200
2021 $32,242 $2,725,000 $1,844,800 $880,200
2020 $8,672 $711,750 $338,867 $372,883
2019 $8,327 $697,795 $332,223 $365,572
2018 $8,266 $684,113 $325,709 $358,404
2016 $7,977 $657,550 $313,062 $344,488
2015 $7,860 $647,674 $308,360 $339,314
2014 $7,891 $634,988 $302,320 $332,668
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-591552

The MLS

APN: 4241-020-022