NOT LISTED FOR SALE

832 Palm Ave Unit 201 West Hollywood, CA 90069

Estimated Value: $971,000 - $1,159,081

2 Beds
2 Baths
1,582 Sq Ft
$545/mo HOA Fee

Last Sold November 02, 2023

Last sale price $1,060,000 $670 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,718/month

42 Days on Market

Highlights

  • In Ground Pool
  • Gated Parking
  • 0.33 Acre Lot
  • West Hollywood Elementary School Rated A-
  • City View
  • Clubhouse

About This Home

As of November 2023

Centrally located in prime West Hollywood, this south-facing, sophisticated, and fully updated condo features a bright, open, and airy layout providing a retreat from the hustle and bustle. You are welcomed into the expansive living area with a clay finished fireplace, large windows, and sliding doors out to the balcony to enjoy the treetop views. The sleek and stunning kitchen is the centerpiece of this unit with its built-in and paneled appliances including a washer & dryer, ample cabinet space, marble countertops, and a breakfast bar, with a formal dining room just next to it, perfect for entertaining. The generously sized primary bedroom situated towards the back of the unit provides privacy and includes three closets and a refined en-suite bathroom with dual sinks. The second bedroom is located at the front of the unit and has its own balcony and direct entry to the 2nd bathroom, which also serves as the powder room. Located in the boutique Palm Terrace building which includes amenities such as a pool, spa, recreation room, and two side by side parking spaces. This serene and peaceful condo is located steps away from Santa Monica Boulevard in the heart of West Hollywood with some of the best shopping and dining options that L.A. has to offer including Bottega Louie, Zinqu, Gracias Madre, Cecconi's, Urth Caffe, Alfred Coffee, Melrose Avenue, Sunset Strip, and the Beverly Center.

Last Listed By

Brad Keyes

Keyes Real Estate License #01857106 Listed on: 08/22/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,991

Year Built

  • Built in 1981

Lot Details

  • 0.33

HOA Fees

  • $545 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Split Level Home

Interior Spaces

  • 1,582 Sq Ft Home
  • 3-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Wood Flooring
  • City Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Covered Spaces
  • Gated Parking

Pool

  • In Ground Pool
  • Spa

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4339-010-048

Community Details

Overview

  • 18 Units

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Additional Features

  • Clubhouse
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,991

Year Built

Built in 1981

Lot Details

0

HOA Fees

$545 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Complex Name: Palm Terrace
  • Entry Floor: 2
  • Living Area: 1582
  • Lot Acreage: 0.3255
  • Planned Urban Dev: 0
  • Stories: 3
  • Unit Floor In Building: 2
  • Year Built: 1981
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 1
  • Equipment: Dishwasher, Hood Fan, Range/Oven, Refrigerator, Dryer, Washer, Freezer
  • Price Per S Q F T: 692.16

Exterior Features

  • Balcony: 2
  • Pool Description: Association Pool
  • Pool: Yes
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: City, Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Gated Underground
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Card/Code Access

Association/Amenities

  • Amenities: Clubhouse, Pool, Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 545.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4339-010-048
  • Lot Size Area: 14179

Multi Family

  • Number Of Units: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Oct 5, 2023
Sold by
Javadi Family Trust
Bought by
Hooks Michael Sloan
Seller's Agent
Brad Keyes
Keyes Real Estate
Buyer's Agent
William Rose
The Agency
List Price
$1,095,000
Sold Price
$1,060,000
Premium/Discount to List
-$35,000
-3.2%
Total Days on Market
42
Views
234
Current Estimated Value
$1,098,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,520
Avg. Annual Appreciation
2.39%
Original Mortgage
$848,000
Outstanding Balance
$835,316
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$263,204

Purchase Details

Closed on
Feb 4, 2014
Sold by
Engelberg Michael and Engelberg Kathleen
Bought by
Michael/Kathleen Engelberg Living Trust

Purchase Details

Closed on
Jun 27, 2011
Sold by
Engelberg Michael
Bought by
Engelberg Michael and Engelberg Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
4.54%
Mortgage Type
New Conventional

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
Hooks Michael Sloan $1,060,000 Fidelity National Title
Michael/Kathleen Engelberg Living Trust -- None Available
Engelberg Michael -- Stewart Title Of Nevada
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hooks Michael Sloan $848,000
Previous Owner Engelberg Kathleen $198,000
Previous Owner Engelberg Michael $198,000
Previous Owner Engelberg Michael $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2023 11/02/23 Sold $1,060,000 -3.2% $670 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $1,095,000 +36.0% $692 / Sq Ft
04/04/2022 04/04/22 Sold $805,000 +15.2% $543 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $699,000 -13.2% $472 / Sq Ft
03/14/2022 03/14/22 Off Market $805,000 -- --
03/07/2022 03/07/22 For Sale $699,000 -- $472 / 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
2024 $12,991 $1,060,000 $636,500 $423,500
2023 $10,177 $821,100 $306,000 $515,100
2022 $4,396 $353,640 $67,595 $286,045
2021 $4,373 $346,707 $66,270 $280,437
2019 $4,231 $336,425 $64,305 $272,120
2018 $4,192 $329,830 $63,045 $266,785
2016 $4,005 $317,024 $60,598 $256,426
2015 $3,943 $312,263 $59,688 $252,575
2014 $3,945 $306,147 $58,519 $247,628
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 23-300055

The MLS

APN: 4339-010-048