NOT LISTED FOR SALE

Estimated Value: $5,439,000 - $8,485,000

4 Beds
3 Baths
1,520 Sq Ft
$4,580/Sq Ft Est. Value

Last Sold March 17, 2017

Last sale price $2,999,000 $1,973 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $42,032/month

57 Days on Market

Highlights

  • Ocean View
  • Maid or Guest Quarters
  • Level Lot
  • Opal Robinson Elementary School Rated A
  • No HOA
  • 4-minute walk to Larsson Street Parkette

About This Home

As of March 2017

Outstanding opportunity to build your dream home on this Manhattan Beach Hill Section property. Enjoy Beautiful Panoramic 180 degree Ocean views from your future new home. Live in or rent out the existing home until ready to build. Just a short walk to downtown Manhattan Beach, Robinson Elementary and the beach. Preliminary plans for a 5700 sq. ft home with basement and elevator are available by request and can be customized to suit your particular needs and style!

Last Agent to Sell the Property

Kathryn Lane

Kathryn Lane, Broker License #00939501 Listed on: 12/07/2016

Last Buyer's Agent

Lynne Lear

Pacifica Properties Group, Inc. License #01350148

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 5,700 Sq Ft Lot
  • Level Lot
  • Property is zoned MNRS

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Property Views

  • Ocean
  • Panoramic
  • City Lights

Home Design

  • Additions or Alterations
  • Flat Roof Shape
  • Pre-Cast Concrete Construction
  • Plaster
  • Stucco

Interior Spaces

  • 1,520 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Maid or Guest Quarters

Outdoor Features

  • Exterior Lighting

Schools

  • Mira Costa High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 10 / 8
  • Tax Tract Number 3393
  • Assessor Parcel Number 4169012017

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: MNRS
  • Property Condition: Additions/Alterations
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4169012017
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1520.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1973.03
  • Room Type: Guest/Maid's Quarters

Exterior Features

  • View: City Lights, Ocean, Panoramic
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Concrete, Plaster, Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Single Door
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • High School: Mira Costa
  • High School2: MIRCOS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5700.00

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 6209.01
  • Tax Lot: 10
  • Tax Tract Number: 3393

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2016
Closed on
Mar 8, 2017
Sold by
Gevertz Michael
Bought by
Falzetta Frank and The Falzetta Family Trust
Seller's Agent
Kathryn Lane
Kathryn Lane, Broker
Buyer's Agent
Lynne Lear
Pacifica Properties Group, Inc.
List Price
$3,150,000
Sold Price
$2,999,000
Premium/Discount to List
-$151,000
-4.79%
Current Estimated Value
$6,961,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,962,426
Avg. Annual Appreciation
10.01%
Original Mortgage
$2,699,100
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2005
Sold by
Altschul Michael and Altshul Gerald
Bought by
Gevertz Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,207,500
Interest Rate
5.64%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 18, 2004
Sold by
Altschul Michael and Altschul Gerald
Bought by
Altschul Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Falzetta Frank $2,999,000 Usa Nationas Title Company
Gevertz Michael $1,950,000 --
Altschul Michael -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Falzetta Frank $2,699,100
Previous Owner Gevertz Michael $1,207,500
Previous Owner Altschul Michael $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2017 03/17/17 Sold $2,999,000 -4.8% $1,973 / Sq Ft
02/02/2017 02/02/17 Pending -- -- --
12/07/2016 12/07/16 For Sale $3,150,000 -- $2,072 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $67,567 $5,906,213 $3,480,593 $2,425,620
2024 $67,567 $5,790,406 $3,412,347 $2,378,059
2023 $65,868 $5,676,870 $3,345,439 $2,331,431
2022 $64,324 $4,979,163 $3,279,843 $1,699,320
2021 $56,721 $4,881,533 $3,215,533 $1,666,000
2019 $37,310 $3,120,158 $2,496,127 $624,031
2018 $36,480 $3,058,980 $2,447,184 $611,796
2016 $27,346 $2,251,091 $1,800,875 $450,216
2015 $24,407 $1,995,100 $1,361,800 $633,300
2014 $19,563 $1,542,000 $1,052,500 $489,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16758116

California Regional Multiple Listing Service (CRMLS)

APN: 4169-012-017