NOT LISTED FOR SALE

957 Corsica Dr Pacific Palisades, CA 90272

Estimated Value: $7,622,000 - $14,356,733

7 Beds
9 Baths
9,104 Sq Ft
$1,207/Sq Ft Est. Value

Last Sold July 29, 2015

Last sale price $11,200,000 $1,230 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $72,423/month

86 Days on Market

Highlights

  • Wine Cellar
  • New Construction
  • Sauna
  • Home Theater
  • Heated In Ground Pool
  • Maid or Guest Quarters

About This Home

As of July 2015

This exquisite state-of-the-art seven bedroom estate in the prime Palisades Riviera offers a truly exceptional style of living. Along with detailed, impeccable craftsmanship, this property dazzles with a stunning gourmet kitchen, charming library, sophisticated screening room, elegant master suite featuring vaulted ceilings, wine cellar, bar, gym, sauna, and elevator. Ideal for entertaining, this newly constructed property offers the very best in indoor/outdoor living and al fresco dining as floor-to-ceiling sliding glass walls open to a beautiful backyard sanctuary. Refined living is at your fingertips as the entire home can be operated from the comfort of a tablet.

Last Agent to Sell the Property

Susan Montgomery

Sotheby's International Realty License #01269732 Listed on: 04/29/2015

Sotheby's International Realty

Last Buyer's Agent

Drew Mandile

Sotheby's International Realty License #00412173

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $183,997

Lot Details

  • 0.31 Acre Lot
  • Property is zoned LARE11

Home Design

  • New Construction
  • Traditional Architecture

Interior Spaces

  • 9,104 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Central Vacuum
  • Built-In Features
  • Bar
  • Wine Cellar
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Room
  • Home Theater
  • Library
  • Bonus Room
  • Sauna
  • Home Gym
  • Center Hall
  • Alarm System
  • Laundry Room
  • Property Views
  • Basement

Kitchen

  • Walk-In Pantry
  • Ice Maker

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • Walk-In Closet
  • Maid or Guest Quarters

Parking

  • Direct Access Garage
  • Automatic Gate

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Waterfall Pool Feature
  • Pool Cover

Additional Features

  • Patio
  • Zoned Heating and Cooling

Listing and Financial Details

  • Assessor Parcel Number 4408-011-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$183,997

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 9104
  • Property Condition: New Construction
  • Stories: 3
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Living Room, Master Retreat, Patio
  • Flooring: Hardwood, Stone Tile
  • Bedrooms: 7
  • Fireplaces: 3
  • Full Bathroom: 6
  • Half Bathroom: 3
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 9.00
  • Den: 0
  • Equipment: Alarm System, Bar Ice Maker, Built-Ins, Central Vacuum, Elevator
  • Fireplace: Yes
  • Price Per S Q F T: 1251.65

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated, In Ground, Pool Cover, Private, Waterfall
  • Pool: Yes
  • Spa: Heated, Private
  • Spa Yn: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Auto Driveway Gate, Direct Entrance, Garage Is Attached

Utilities

  • Cooling: Central, Multi/Zone
  • Heating: Central
  • Security: Prewired for alarm system

Lot Info

  • Assessor Parcel Number: 4408-011-010
  • Geocode Override: No
  • Lot Size Area: 13371

Rental Info

  • Lease Option: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2022
Sold by
957 Corsica Llc
Bought by
Heckmann Family Trust
Current Estimated Value
$10,477,792

Purchase Details

Closed on
Apr 20, 2018
Sold by
Mckenzie James R and Mckenzie Jackie L
Bought by
957 Corsica Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,349,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 29, 2015
Closed on
Jul 23, 2015
Sold by
Riley Bryant R and Riley Carleen T
Bought by
Mckenzie James R and Mckenzie Jackie L
Seller's Agent
Susan Montgomery
Sotheby's International Realty
Buyer's Agent
Drew Mandile
Sotheby's International Realty
List Price
$11,395,000
Sold Price
$11,200,000
Premium/Discount to List
-$195,000
-1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.38%

Purchase Details

Listed on
Oct 23, 2014
Closed on
Feb 10, 2015
Sold by
Herskowitz David
Bought by
Riley Bryant R and Riley Carleen T
Seller's Agent
Gary I Glass
Christie's International Real Estate SoCal
Buyer's Agent
Susan Montgomery
Sotheby's International Realty
List Price
$10,995,000
Sold Price
$10,995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.61%
Original Mortgage
$7,146,750
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 26, 2012
Sold by
Herskowitz Marcela Camara
Bought by
Herskowitz David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2012
Closed on
Jul 30, 2012
Sold by
Wolfe Herbert N and The William S Shamban & Sophie
Bought by
Herskowitz David
Seller's Agent
Noelle McCutchen
Coldwell Banker Realty
Buyer's Agent
Noelle McCutchen
Coldwell Banker Realty
List Price
$2,900,000
Sold Price
$2,850,000
Premium/Discount to List
-$50,000
-1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.85%

Purchase Details

Closed on
Nov 15, 2007
Sold by
Shamban Karl S and Shamban Rita S
Bought by
Shamban Karl S and Shamban Rita S

Purchase Details

Closed on
Feb 27, 1995
Sold by
Shamban Marc and Shamban Childrens Trust
Bought by
Shamban William S and Shamban Sophie L

Purchase Details

Closed on
Sep 4, 1994
Sold by
Shamban William S and Shamban Sophie Lillian
Bought by
Shamban William S and Shamban Sophie L

Purchase Details

Closed on
Sep 1, 1994
Sold by
Artec Lp
Bought by
Pacpal Lp
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
Heckmann Family Trust $14,950,000 Chicago Title
957 Corsica Llc $13,915,000 Chicago Title Company
Mckenzie James R $11,200,000 Lawyers Title
Riley Bryant R $10,995,000 Lawyers Title
Herskowitz David -- Fidelity National Title Co
Herskowitz David $2,850,000 Fidelity National Title
Shamban Karl S -- None Available
Shamban William S -- --
Shamban Marc -- --
Shamban William S -- --
Shamban William S -- --
Artec Lp -- --
Shamban William S -- --
Pacpal Lp -- --
Artec Lp -- --
Wailan Investments Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 957 Corsica Llc $8,349,000
Previous Owner Riley Bryant R $7,146,750
Previous Owner Herskowitz David $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2015 07/29/15 Sold $11,200,000 -1.7% $1,230 / Sq Ft
07/24/2015 07/24/15 Pending -- -- --
04/29/2015 04/29/15 For Sale $11,395,000 +3.6% $1,252 / Sq Ft
03/03/2015 03/03/15 Sold $10,995,000 0.0% $1,208 / Sq Ft
11/26/2014 11/26/14 Pending -- -- --
10/23/2014 10/23/14 For Sale $10,995,000 +285.8% $1,208 / Sq Ft
09/20/2012 09/20/12 Sold $2,850,000 -1.7% $1,115 / Sq Ft
07/30/2012 07/30/12 Pending -- -- --
06/20/2012 06/20/12 For Sale $2,900,000 -- $1,134 / 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 $183,997 $15,553,979 $6,406,887 $9,147,092
2024 $183,997 $15,249,000 $6,281,262 $8,967,738
2023 $180,370 $14,950,000 $6,158,100 $8,791,900
2022 $174,943 $14,919,690 $12,866,424 $2,053,266
2021 $172,882 $14,627,148 $12,614,142 $2,013,006
2019 $167,642 $14,193,300 $12,240,000 $1,953,300
2018 $140,169 $11,652,480 $9,363,600 $2,288,880
2016 $133,900 $11,200,000 $9,000,000 $2,200,000
2015 $57,682 $4,804,451 $2,920,140 $1,884,311
2014 $57,833 $4,710,339 $2,862,939 $1,847,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-900549

The MLS

APN: 4408-011-010