NOT LISTED FOR SALE

Estimated Value: $4,482,000 - $7,589,000

3 Beds
2.5 Baths
2,880 Sq Ft
$1,912/Sq Ft Est. Value

Last Sold January 11, 2018

Last sale price $4,600,000 $1,597 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $34,121/month

74 Days on Market

Highlights

  • Gated Parking
  • Room in yard for a pool
  • Wood Flooring
  • Broadway Elementary Rated A-
  • Outdoor Fireplace
  • No HOA

About This Home

As of January 2018

Venice Architectural Residence - A true masterpiece balancing simplicity, luxury and a modern lifestyle that embraces the outdoors. Designed by famed architects Marmol Radziner, this visionary 2-story, 3BR/2.5BA (plus office) architectural home uniquely blends spectacular indoor/outdoor spaces with the best contemporary finishes & features including an open plan living/dining room, exceptional double height cook's kitchen, 700 SF covered outdoor living space with fireplace & cozy ceiling heaters, private backyard garden & meditation room. This amazing architectural home is on a large 5300 sf lot with beautiful gardens and room for a pool, ideally located 2 blocks off Abbot Kinney in one of Venice's most desirable residential neighborhoods.

Last Agent to Sell the Property

Jennifer Hughes

Compass License #01440438 Listed on: 09/14/2017

Compass

Last Buyer's Agent

Juliette Hohnen

Douglas Elliman License #01772623

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $61,875

Year Built

  • Built in 2009

Lot Details

  • 5,299 Sq Ft Lot
  • Property is zoned LAR2

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Home Office
  • Property Views

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Carport
  • Gated Parking

Outdoor Features

  • Room in yard for a pool
  • Covered patio or porch
  • Outdoor Fireplace

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4241-015-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$61,875

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 2880
  • Stories: 2
  • Year Built: 2009
  • Number Of Photos: 47
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Exterior
  • Flooring: Cement, Hardwood
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1682.29

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Carport, Gated

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4241-015-027
  • Geocode Override: No
  • Lot Size Area: 5299

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2017
Closed on
Nov 28, 2017
Sold by
Secord Properties Llc
Bought by
Frattali Daniel and Klinger Leslie S
Seller's Agent
Jennifer Hughes
Compass
Buyer's Agent
Juliette Hohnen
Douglas Elliman
List Price
$5,095,000
Sold Price
$4,600,000
Premium/Discount to List
-$495,000
-9.72%
Current Estimated Value
$5,290,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$690,276
Avg. Annual Appreciation
2.40%
Original Mortgage
$3,450,000
Outstanding Balance
$2,887,234
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,619,484

Purchase Details

Listed on
Sep 14, 2017
Closed on
Nov 16, 2017
Sold by
Lft Asset Holdings Llc
Bought by
Secord Properties Llc
Seller's Agent
Jennifer Hughes
Compass
Buyer's Agent
Juliette Hohnen
Douglas Elliman
List Price
$5,095,000
Sold Price
$4,600,000
Premium/Discount to List
-$495,000
-9.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,450,000
Outstanding Balance
$2,887,234
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,619,484

Purchase Details

Closed on
Dec 10, 2014
Sold by
Lukas Daniel C
Bought by
Lft Asset Holdings Llc

Purchase Details

Closed on
Jun 12, 2009
Sold by
Marmol Leonardo E
Bought by
Lukas Daniel C and Jarmain Anne Beatrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
4.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2006
Sold by
Becket Alisa Christina
Bought by
Marmol Leonardo E

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
6.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 17, 2006
Sold by
Marmorstein Rochelle
Bought by
Marmol Leonardo E

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
6.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 13, 2005
Sold by
Marmorstein Rochelle
Bought by
Marmorstein Rochelle and The Rochelle Marmorstein Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 23, 2005
Sold by
Marmorstein Rochelle
Bought by
Marmorstein Rochelle and Rochelle Marmorstein Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2005
Sold by
Marmorstein Rochelle
Bought by
Marmorstein Rochelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2003
Sold by
Marmorstein Rochelle
Bought by
Marmorstein Rochelle and Rochelle Marmorstein Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
5.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 15, 2002
Sold by
Seitz Hugh L
Bought by
Marmorstein Rochelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
5.99%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 8, 1999
Sold by
Seitz Ellen
Bought by
Seitz Ellen and Ellen Seitz Trust
Source: Public Records

Range of Values:

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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
Frattali Daniel $4,600,000 Lawyers Title Company
Secord Properties Llc $4,315,000 Lawyers Title Company
Lft Asset Holdings Llc $2,800,000 Stewart Title Of Ca Inc
Lukas Daniel C $2,100,000 Ticor Title Tustin Orange Co
Marmol Leonardo E -- Fidelity National Title Co
Marmol Leonardo E $1,250,000 Fidelity National Title
Marmorstein Rochelle -- Fidelity National Title
Marmorstein Rochelle -- Fidelity National Title
Marmorstein Rochelle -- --
Marmorstein Rochelle -- Fidelity Van Nuys
Marmorstein Rochelle -- --
Marmorstein Rochelle $610,000 United Title Company
Seitz Ellen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frattali Daniel $3,450,000
Previous Owner Lft Asset Holdings Llc $1,750,000
Previous Owner Lukas Daniel C $1,550,000
Previous Owner Lukas Daniel C $1,500,000
Previous Owner Lukas Daniel C $1,575,000
Previous Owner Marmol Leonardo E $0
Previous Owner Marmol Leonardo E $250,000
Previous Owner Marmol Leonardo E $1,000,000
Previous Owner Marmorstein Rochelle $999,995
Previous Owner Marmorstein Rochelle $305,000
Previous Owner Marmorstein Rochelle $735,000
Previous Owner Marmorstein Rochelle $157,000
Previous Owner Marmorstein Rochelle $543,750
Previous Owner Marmorstein Rochelle $75,000
Previous Owner Marmorstein Rochelle $457,500
Closed Marmorstein Rochelle $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2018 01/11/18 Sold $4,600,000 -5.1% $1,597 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
10/05/2017 10/05/17 Price Changed $4,845,000 -4.9% $1,682 / Sq Ft
09/14/2017 09/14/17 For Sale $5,095,000 -- $1,769 / 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 $61,875 $4,710,000 $2,047,900 $2,662,100
2024 $61,875 $5,131,385 $2,231,037 $2,900,348
2023 $60,657 $5,030,771 $2,187,292 $2,843,479
2022 $57,800 $4,932,129 $2,144,404 $2,787,725
2021 $57,117 $4,835,421 $2,102,357 $2,733,064
2019 $55,384 $4,692,000 $2,040,000 $2,652,000
2018 $51,850 $4,315,000 $2,315,000 $2,000,000
2017 $34,834 $2,899,552 $1,769,038 $1,130,514
2016 $34,078 $2,842,699 $1,734,351 $1,108,348
2015 $33,574 $2,800,000 $1,708,300 $1,091,700
2014 -- $2,206,041 $1,544,230 $661,811
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-270078

The MLS

APN: 4241-015-027