NOT LISTED FOR SALE

Estimated Value: $3,781,000 - $3,989,000

4 Beds
3.5 Baths
2,911 Sq Ft
$1,323/Sq Ft Est. Value

Last Sold November 09, 2023

Last sale price $3,550,000 $1,220 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $24,927/month

110 Days on Market

Highlights

  • Gated Parking
  • Two Primary Bedrooms
  • Park or Greenbelt View
  • Broadway Elementary Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of November 2023

Welcome to this beautifully restored Venice home, a fusion of historical allure and coastal modern design. Rumor has it that this home was built in 1906 by the visionary Abbot Kinney, in the Queen Anne style. The home has been lovingly reinvented and expanded by the current owners. Working in collaboration with renown Venice architect Robert Thibodeau, they created a home that embraces a minimalist aesthetic, drawing inspiration from traditional Japanese architecture, Frank Lloyd Wright, and mid-century modern design. Note the stacked horizontal roof lines, exposed redwood ceilings inside and out, and clerestory glass on the second floor and how they seamlessly integrate the original design with contemporary elements, creating an atmosphere that is both timeless and forward-thinking. Enter into a formal elevated parlor, where walls of windows entice you into the expansive living and dining rooms with 11' ceilings, each space imbued with a sense of grandeur and possibility. Indulge your culinary passions and entertain with ease in the light-filled kitchen, featuring Boffi cabinetry, top-of-the-line Miele appliances, a breakfast bar, and a built-in banquette. A wall of glass effortlessly opens, revealing an outdoor deck and yard. This generous space becomes the backdrop for leisurely gatherings and serene relaxation, with room for a future pool. Also on the main level are an office/study and a junior Primary Suite. Explore the upper level with soaring ceilings, bands of clerestory windows, skylights and treetop views, centered around a warm and inviting second living room that provides access to the 3 upstairs bedrooms. The lovely Primary Suite beckons with a wall of windows that open onto a private balcony, allowing natural light to flood the space. It boasts a large custom-designed walk-in closet and dressing area. Come discover this exceptional home nestled in the highly coveted Milwood neighborhood, a gateway to the picturesque walk streets and a leisurely stroll away from the world-renowned restaurants and shops of Abbot Kinney, the bustling Rose Avenue corridor, and iconic Venice Beach, where an unrivaled blend of coastal beauty, bohemian spirit and vibrant city life await you.

Last Listed By

Jerry Jaffe

Compass License #01326486 Listed on: 05/19/2023

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,916

Year Built

  • Built in 1906

Lot Details

  • 5,300 Sq Ft Lot
  • Lot Dimensions are 40x132
  • Property is zoned LAR2

Parking

  • 2 Car Detached Garage
  • Gated Parking
  • Controlled Entrance

Interior Spaces

  • 2,911 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Formal Entry
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • Library
  • Wood Flooring
  • Park or Greenbelt Views

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Dressing Area

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4241-016-023

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,916

Year Built

Built in 1906

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2911
  • Lot Acreage: 0.1217
  • Lot Dimensions: 40x132
  • Stories: 2
  • Year Built: 1906
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1303.00

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Green Belt
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Detached, Garage - 2 Car, Controlled Entrance, Gated
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4241-016-023
  • Lot Size Area: 5300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Sep 29, 2023
Sold by
Solomon 2005 Revocable Trust
Bought by
Hill Vanessa and Allocca Kevin
Seller's Agent
Jerry Jaffe
Compass
Buyer's Agent
Elisa Crispi
Compass
List Price
$3,795,000
Sold Price
$3,550,000
Premium/Discount to List
-$245,000
-6.46%
Total Days on Market
110
Views
308
Current Estimated Value
$3,851,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,110
Avg. Annual Appreciation
3.41%
Original Mortgage
$2,485,000
Outstanding Balance
$2,452,911
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$1,283,902

Purchase Details

Closed on
Mar 14, 2014
Sold by
Solomon Kenneth G and Solomon Jacelyn D
Bought by
The Solomon 2005 Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
3.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 3, 2005
Sold by
Solomon Kenneth G and Solomon Jocelyn D
Bought by
Solomon Kenneth G and Solomon Jocelyn D

Purchase Details

Closed on
Aug 4, 2004
Sold by
Solomon Kenneth G and Solomon Jocelyn D
Bought by
Solomon Kenneth G and Solomon Jocelyn D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 1996
Sold by
Fosberg Michael and Marcus Lescine Georgina
Bought by
Fosberg Michael and Marcus Lescine Georgina

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
7.62%

Purchase Details

Closed on
Oct 25, 1996
Sold by
Fosberg Michael and Marcus Lesoine Georgina
Bought by
Solomon Kenneth G and Denison Jocelyn R

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
7.62%

Purchase Details

Closed on
Aug 2, 1995
Sold by
Coffey Susan and Coffey Christopher
Bought by
Fosberg Michael and Marcus Lesoine Georgina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
7.63%

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
Hill Vanessa $3,550,000 Lawyers Title Company
The Solomon 2005 Revocable Trust -- Chicago Title Company
Solomon Kenneth G -- --
Solomon Kenneth G -- Fidelity National Title Comp
Fosberg Michael -- --
Solomon Kenneth G $425,000 Equity Title Company
Fosberg Michael $330,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Vanessa $2,485,000
Previous Owner Solomon Kenneth G $350,000
Previous Owner Solomon Kenneth G $250,000
Previous Owner Solomon Kenneth G $150,000
Previous Owner The Solomon 2005 Revocable Trust $1,550,000
Previous Owner Solomon Kenneth G $1,337,000
Previous Owner Solomon Kenneth G $1,115,000
Previous Owner Solomon Kenneth G $200,000
Previous Owner Solomon Kenneth G $915,000
Previous Owner Solomon Kenneth G $364,000
Previous Owner Solomon Kenneth G $39,500
Previous Owner Solomon Kenneth G $340,000
Previous Owner Fosberg Michael $264,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Sold $3,550,000 -6.5% $1,220 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $3,795,000 -- $1,304 / 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 $42,916 $3,550,000 $2,959,300 $590,700
2023 $12,797 $1,039,386 $540,073 $499,313
2022 $12,205 $1,019,007 $529,484 $489,523
2021 $12,044 $999,027 $519,102 $479,925
2019 $11,683 $969,397 $503,706 $465,691
2018 $11,610 $950,390 $493,830 $456,560
2017 $11,359 $931,756 $484,148 $447,608
2016 $11,087 $913,487 $474,655 $438,832
2015 $10,924 $899,767 $467,526 $432,241
2014 $10,962 $882,142 $458,368 $423,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-271491

The MLS

APN: 4241-016-023