NOT LISTED FOR SALE

Estimated Value: $10,392,642

1 Bed
1 Bath
5,901 Sq Ft
$1,761/Sq Ft Est. Value

Last Sold November 26, 2019

Last sale price $11,100,000 $1,881 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $66,581/month

169 Days on Market

Highlights

  • Ocean View
  • 38,561 Sq Ft lot
  • No HOA

About This Home

As of November 2019

Extremely rare double lot consisting of almost one acre of land (38k+ Sq Ft), nearly all flat, with 200 feet of frontage on the coveted Amalfi "Rim " in the exclusive Palisades Riviera. With dramatic vistas and towering Eucalyptus trees, this magical property represents a once in a lifetime opportunity to expand/remodel the existing Classic Traditional home (using permit ready plans by renowned architect, Marc Appleton, AIA, widely published interior designer Atelier AM and landscape designer Christine London Ltd), or to imagine one or two new estates designed to your exacting specifications. Your vision can come to life in this idyllic property.

Last Agent to Sell the Property

David Offer

Berkshire Hathaway HomeServices California Properties License #01150357 Listed on: 05/28/2019

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

David Offer

Berkshire Hathaway HomeServices California Properties License #01150357 Listed on: 05/28/2019

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $125,595

Lot Details

  • 0.89

Property Views

  • Ocean
  • Trees
  • Canyon

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • 2-Story Property
  • 0.89 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4408-012-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$125,595

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Stories: 2
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Canyon, Ocean, Tree Top
  • View: Yes

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4408-012-006
  • Geocode Override: No
  • Lot Size Area: 38561

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Oct 9, 2019
Sold by
Kelsey Erin
Bought by
Schenkel Rick and 167 S Rockingham Trust
Seller's Agent
David Offer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
David Offer
Berkshire Hathaway HomeServices California Properties
List Price
$12,995,000
Sold Price
$11,100,000
Premium/Discount to List
-$1,895,000
-14.58%
Current Estimated Value
$10,392,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$707,358

Purchase Details

Closed on
May 24, 2019
Sold by
Ashmere Property Llc
Bought by
Kelsey Erin

Purchase Details

Closed on
May 15, 2019
Sold by
Kelsey Erin
Bought by
Kelsey Erin and The Blue Sycamore Trust

Purchase Details

Listed on
Dec 1, 2016
Closed on
Dec 15, 2016
Sold by
Lever Mark J and The Ernest & Rebeca Lever 1991
Bought by
Nall Erin Kelsey and Blue Sycamore Trust
Seller's Agent
Sally Forster Jones
Compass
Buyer's Agent
David Offer
Berkshire Hathaway HomeServices California Properties
List Price
$9,995,000
Sold Price
$9,800,000
Premium/Discount to List
-$195,000
-1.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,840,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2016
Closed on
Dec 9, 2016
Sold by
Lever Mark J and Survivors Trust A
Bought by
Lever Mark J and The Survivors Trust A
Seller's Agent
Sally Forster Jones
Compass
Buyer's Agent
David Offer
Berkshire Hathaway HomeServices California Properties
List Price
$9,995,000
Sold Price
$9,800,000
Premium/Discount to List
-$195,000
-1.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,780,000
Interest Rate
3.57%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 16, 1997
Sold by
Ernest And Rebeca Lever Trust and Rebeca I
Bought by
Lever Rebeca I and Rebeca Lever 1991 Revocable Tr

Purchase Details

Closed on
Feb 2, 1996
Sold by
Ernest And Rebeca Lever Trust and Rebeca I
Bought by
Lever Rebeca I and The Ernest & Rebeca 1991 Revoc
Source: Public Records

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
Schenkel Rick $11,100,000 Commonwealth Land Title Co
Kelsey Erin $52,000 None Available
Kelsey Erin -- Commonwealth Land Title Co
Nall Erin Kelsey $9,800,000 Pacific Coast Title Company
Lever Mark J -- Pacific Coast Title Company
Lever Rebeca I -- --
Lever Rebeca I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schenkel Rick $17,445,000
Closed Schenkel Rick $5,000,000
Previous Owner Kelsey Nall Erin $7,840,000
Previous Owner Lever Mark J $1,780,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2019 11/26/19 Sold $11,100,000 -14.6% $1,881 / Sq Ft
11/13/2019 11/13/19 Pending -- -- --
05/28/2019 05/28/19 For Sale $12,995,000 +32.6% $2,202 / Sq Ft
01/06/2017 01/06/17 Sold $9,800,000 -2.0% $1,568 / Sq Ft
12/08/2016 12/08/16 Pending -- -- --
12/01/2016 12/01/16 For Sale $9,995,000 -- $1,599 / 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
2022 $125,595 $10,717,729 $8,574,184 $2,143,545
2021 $124,116 $10,507,578 $8,406,063 $2,101,515
2020 $125,433 $10,399,837 $8,319,870 $2,079,967
2019 $120,596 $10,195,920 $8,156,736 $2,039,184
2018 $120,308 $9,996,000 $7,996,800 $1,999,200
2016 $6,661 $503,246 $298,223 $205,023
2015 $6,572 $495,688 $293,744 $201,944
2014 $6,613 $485,979 $287,990 $197,989
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-470886

The MLS

APN: 4408-012-006