NOT LISTED FOR SALE

720 Montecito Dr Los Angeles, CA 90031

Montecito Heights Neighborhood

Estimated Value: $1,270,779 - $1,616,000

3 Beds
2 Baths
2,018 Sq Ft
$716/Sq Ft Est. Value

Last Sold February 13, 2015

Last sale price $810,000 $401 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $8,428/month

12 Days on Market

Highlights

  • Art Studio
  • Views of Trees
  • Multi-Level Bedroom
  • Lincoln High School Rated A-
  • Midcentury Modern Architecture
  • Family Room with Fireplace

About This Home

As of February 2015

Fluid, flexible, FABULOUS! Perfectly sited on its own lush green knoll, this 60's retreat is quietly unassuming from the street but simply great in every way as you step thru the gated entry. The flow from room to room & floor to floor and on out to your own park is seamless, the master bedroom up plus 2 down means space, privacy and quiet for everyone, the big dining deck off the living rm & a huge patio off the downstairs family room expands your party options & a unique detached studio is the perfect nanny/granny/creative space. The ample yard is sheltered by a gracious pepper tree & ready for those birthday pinatas, relaxed summer bbq's or kicking around a soccer ball. There's even a designer hen house so those birthday cakes will be made with your own fresh eggs. On the practical side is an ample double attached garage plus 2 driveway parking spots, open kitchen with adjacent nook, fanciful update to the downstairs full bath & a short zip down the hill to all that NELA offers.

Last Agent to Sell the Property

Liz Johnson

Compass License #00803070 Listed on: 01/01/2015

Compass

Last Buyer's Agent

Courtney Smith

Compass License #01406768

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1961

Lot Details

  • 6,765 Sq Ft Lot
  • Wood Fence
  • Sprinkler System
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Midcentury Modern Architecture
  • Flat Roof Shape

Interior Spaces

  • 2,018 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Area
  • Den
  • Art Studio
  • Views of Trees
  • Oven

Flooring

  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Multi-Level Bedroom
  • In-Law or Guest Suite
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Additional Features

  • Slab Porch or Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5304-001-008

Home Details

Home Type

Single Family

Year Built

Built in 1961

Lot Details

6,765 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Entry Location: Living Room
  • Living Area: 2018
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Living Room
  • Flooring: Linoleum, Tile
  • Appliances: Oven
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Main Floor Master Bedroom, Multi-Level Bedroom
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub, Tile
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Equipment: Gas Or Electric Dryer Hookup
  • Fireplace: Yes
  • Price Per S Q F T: 395.94

Exterior Features

  • Tennis Court Y/N: No
  • Fence: Wood
  • Patio: Deck(s), Living Room Deck Attached, Slab
  • Pool: No
  • Roof: Flat
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Driveway, Garage - 2 Car

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 5304-001-008
  • Geocode Override: No
  • Lot Size Area: 6765

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2015
Closed on
Jan 26, 2015
Sold by
Lovering David and Fernandez Carlee
Bought by
Abbey Michael
Seller's Agent
Liz Johnson
Compass
Buyer's Agent
Courtney Smith
Compass
List Price
$799,000
Sold Price
$810,000
Premium/Discount to List
$11,000
1.38%
Current Estimated Value
$1,444,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$634,195
Avg. Annual Appreciation
5.39%
Original Mortgage
$648,000
Outstanding Balance
$495,606
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$948,589

Purchase Details

Closed on
Sep 24, 2009
Sold by
Lovering David and Fernandez Carlee
Bought by
Lovering David and Fernandez Carlee

Purchase Details

Closed on
Feb 21, 2008
Sold by
Lovering David
Bought by
Lovering David and Fernandez Carlee

Purchase Details

Closed on
Feb 4, 2006
Sold by
Gaba Rebecca J and Obrien Beverly
Bought by
Lovering David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2004
Sold by
Gaba Rebecca J
Bought by
Gaba Rebecca J and Obrien Beverly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2000
Sold by
Amelung Carolyn L
Bought by
Gaba Rebecca J

Purchase Details

Closed on
Jun 28, 1996
Sold by
Madison Jack W and Madison Jean
Bought by
Amelung Carolyn L and Gaba Rebecca J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,250
Interest Rate
8.32%
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
Abbey Michael $810,000 Provident Title Company
Lovering David -- None Available
Lovering David -- None Available
Lovering David -- None Available
Lovering David $740,000 Fidelity National Title Co
Gaba Rebecca J -- Southland Title Corporation
Gaba Rebecca J -- --
Amelung Carolyn L $182,500 American Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abbey Michael $648,000
Previous Owner Lovering David $340,000
Previous Owner Gaba Rebecca J $250,000
Previous Owner Amelung Carolyn L $164,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2015 02/13/15 Sold $810,000 +1.4% $401 / Sq Ft
01/01/2015 01/01/15 For Sale $799,000 -- $396 / Sq Ft
Source: The MLS

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 $11,866 $973,487 $609,332 $364,155
2024 $11,724 $954,400 $597,385 $357,015
2023 $11,497 $935,687 $585,672 $350,015
2022 $10,960 $917,341 $574,189 $343,152
2021 $10,822 $899,355 $562,931 $336,424
2020 $10,931 $890,134 $557,159 $332,975
2019 $10,497 $872,682 $546,235 $326,447
2018 $10,433 $855,572 $535,525 $320,047
2016 $9,967 $822,351 $514,731 $307,620
2015 $5,991 $495,700 $402,400 $93,300
2014 $6,133 $495,700 $402,400 $93,300
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Liz Johnson

    Compass

    Section Image

  • C

    Buyer's Agent in 2015

    Courtney Smith

    Compass

    Section Image
  • Alyssa Valentine

    Buyer Co-Listing Agent in 2015

    Alyssa Valentine

    Compass

    (310) 428-7751

    94 Total Sales

    Alyssa Valentine
    Section Image
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Map

Source: The MLS

MLS Number: 15-817961

The MLS

APN: 5304-001-008

California Los Angeles County Los Angeles 90031 Montecito Heights

720 Montecito Dr, Los Angeles, CA

Not Listed for Sale

Detached

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