NOT LISTED FOR SALE

Estimated Value: $3,517,000 - $4,310,000

5 Beds
4.5 Baths
4,599 Sq Ft
$863/Sq Ft Est. Value

Last Sold January 28, 2020

Last sale price $2,850,000 $620 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $23,739/month

107 Days on Market

Highlights

  • In Ground Pool
  • Automatic Gate
  • Maid or Guest Quarters
  • Warner Avenue Elementary Rated A
  • Canyon View
  • Contemporary Architecture

About This Home

As of January 2020

Behind a gated and private entry sits this spacious 5-bedroom home on coveted Kip Drive in lower Benedict Canyon. This gracious two-story home features a massive master suite with two walk-in closets and gym plus three additional bedrooms upstairs and a maid's room/office down. Well suited for indoor/outdoor entertaining, enjoy the living room with two-sided fireplace, family room with wet bar, gourmet kitchen with center island and eat-in breakfast area, and tranquil yard with saltwater pool, spa and built in BBQ.

Last Agent to Sell the Property

Rachelle Rosten

Douglas Elliman License #01255977 Listed on: 09/03/2019

Douglas Elliman

Last Buyer's Agent

imra Behnam

Nest Seekers License #01912569

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1961

Lot Details

  • 9,736 Sq Ft Lot
  • Property is zoned LARE15

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,599 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Two Way Fireplace
  • See Through Fireplace
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Utility Room
  • Home Gym
  • Canyon Views
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Powder Room
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Converted Garage
  • Side by Side Parking
  • Driveway
  • Automatic Gate
  • Guest Parking
  • On-Street Parking
  • Controlled Entrance

Pool

  • In Ground Pool
  • In Ground Spa
  • Saltwater Pool

Additional Features

  • Outdoor Grill
  • Zoned Heating and Cooling

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4356-006-006

Home Details

Home Type

Single Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 4599
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Living Room, See Through, Two Way
  • Flooring: Carpet, Tile, Wood
  • Bedrooms: 5
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 2
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 717.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: In Ground, Private, Salt/Saline
  • Pool: Yes
  • Spa: In Ground, Private
  • Spa Yn: Yes
  • View: Canyon
  • View: Yes

Garage/Parking

  • Parking Garage: Auto Driveway Gate, Controlled Entrance, Converted Garage, Direct Entrance, Driveway, Garage - 2 Car, Garage Is Attached, Gated, On street, Parking for Guests, Side By Side
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 4356-006-006
  • Geocode Override: No
  • Lot Size Area: 9736

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2019
Closed on
Jan 7, 2020
Sold by
Arnold Thomas D and Arnold Ashley G
Bought by
Lame Farhad and Akaks Sheerly
Seller's Agent
Rachelle Rosten
Douglas Elliman
Buyer's Agent
imra Behnam
Nest Seekers
List Price
$3,299,000
Sold Price
$2,850,000
Premium/Discount to List
-$449,000
-13.61%
Current Estimated Value
$3,967,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,117,809
Avg. Annual Appreciation
5.68%
Original Mortgage
$1,500,000
Outstanding Balance
$1,328,620
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$2,639,189

Purchase Details

Closed on
Jan 14, 2014
Sold by
Arnold Thomas and Arnold Ashley
Bought by
Thomas & Ashley Arnold Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,359,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2013
Sold by
Arnold Thomas D and Tom Arnold Living Trust
Bought by
Arnold Thomas D and Arnold Ashley G

Purchase Details

Closed on
Nov 24, 2009
Sold by
Arnold Thomas D
Bought by
Arnold Thomas D and The Tom Arnold Living Trust

Purchase Details

Closed on
Nov 2, 2009
Sold by
Arnold Thomas D
Bought by
Arnold Thomas D and The Tom Arnold Living Trust

Purchase Details

Closed on
Apr 27, 2009
Sold by
Margolis Gerald A and Margolis Sandra C
Bought by
Arnold Thomas D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,359,998
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2008
Sold by
Margolis Gerald A and Margolis Sandra C
Bought by
Margolis Gerald A and Margolis Sandra C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,172,000
Interest Rate
5.95%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lame Farhad $2,850,000 Equity Title Company
Thomas & Ashley Arnold Family Trust -- Lsi Title Company
Arnold Thomas -- Lsi Title Company
Arnold Thomas D -- None Available
Arnold Thomas D -- None Available
Arnold Thomas D -- None Available
Arnold Thomas D -- Provident Title Company
Margolis Gerald A -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lame Farhad $1,500,000
Previous Owner Arnold Thomas $1,359,000
Previous Owner Arnold Thomas D $1,359,998
Previous Owner Margolis Gerald A $1,172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2020 01/28/20 Sold $2,850,000 -13.6% $620 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
09/03/2019 09/03/19 For Sale $3,299,000 -- $717 / Sq Ft
Source: The MLS

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 $37,368 $3,116,886 $1,723,803 $1,393,083
2024 $37,368 $3,055,771 $1,690,003 $1,365,768
2023 $36,644 $2,995,855 $1,656,866 $1,338,989
2022 $34,965 $2,937,114 $1,624,379 $1,312,735
2021 $34,539 $2,879,525 $1,592,529 $1,286,996
2020 $25,614 $2,089,132 $1,133,163 $955,969
2019 $24,595 $2,048,170 $1,110,945 $937,225
2018 $24,471 $2,008,011 $1,089,162 $918,849
2016 $23,363 $1,930,039 $1,046,869 $883,170
2015 $23,021 $1,901,049 $1,031,145 $869,904
2014 $23,087 $1,863,811 $1,010,947 $852,864
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 19-505730

The MLS

APN: 4356-006-006