NOT LISTED FOR SALE

Estimated Value: $5,024,000 - $5,464,000

5 Beds
5.5 Baths
4,819 Sq Ft
$1,079/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $4,799,000 $996 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $32,371/month

2 Days on Market

Highlights

  • New Construction
  • Heated In Ground Pool
  • Automatic Gate
  • Venice High School Rated A
  • Primary Bedroom Suite
  • City Lights View

About This Home

As of March 2022

Welcome to Project Francis Place. Without a doubt one of the finest architectural homes ever built on the Westside. This 5 Bedroom/5.5 Bath home is truly a masterpiece. Enter through a custom pivot door and you’ll find 5 massive bedrooms, 5.5 bathrooms, a chef’s kitchen complete with state-of-the-art Thermador appliance package, pantry, formal dining room, 2 living rooms + a saltwater pool with automatic cover, spa, fire pit and an expansive entertainers yard. The home showcases modern grand-scale living spaces, soaring ceilings, and the finest high-end finishes with no expense spared. The floating architectural staircase leads to the second level with a luxurious primary suite boasting a custom showroom closet, spa-like bathroom and private terrace overlooking the entertainer’s backyard. Three more large en-suites and den with a terrace complete this floor. Downstairs you’ll find the maids/guest suite with direct access to the backyard. Situated on a rare cul-de-sac to alley lot, this unprecedented estate offers a level of space and privacy that establish it among one of the city's most prized residences.

Last Agent to Sell the Property

Eric Kredatus

DOMO Real Estate License #01957711 Listed on: 01/31/2022

Co-Listed By

Michael Alarcon

Strand Hill Properties License #01956608

Last Buyer's Agent

Thomas Swanson

Corcoran Global Living License #01248361

Corcoran Global Living

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 8,496 Sq Ft Lot
  • Property fronts an alley
  • Cul-De-Sac
  • Private Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned LAR1

Parking

  • 2 Car Direct Access Garage
  • Rear-Facing Garage
  • Combination Of Materials Used In The Driveway
  • Automatic Gate
  • Guest Parking
  • On-Street Parking
  • Parking Lot

Property Views

  • City Lights
  • Peek-A-Boo
  • Mountain
  • Pool
  • Neighborhood

Home Design

  • Modern Architecture
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Steel Beams
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 4,819 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Formal Entry
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Office
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Walk-In Pantry
  • Butlers Pantry
  • Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Free-Standing Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Built-In Trash or Recycling Cabinet
  • Self-Closing Drawers and Cabinet Doors

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet
  • Upgraded Bathroom
  • Jack-and-Jill Bathroom
  • Maid or Guest Quarters
  • Quartz Bathroom Countertops
  • Stone Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Alarm System
  • Security Lights
  • Smart Home
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Pool

  • Heated In Ground Pool
  • Saltwater Pool
  • Pool Cover
  • Permits for Pool
  • Spa
  • Permits For Spa

Outdoor Features

  • Balcony
  • Deck
  • Slab Porch or Patio
  • Lanai
  • Outdoor Grill

Utilities

  • Ducts Professionally Air-Sealed
  • High Efficiency Air Conditioning
  • Forced Air Heating and Cooling System
  • High Efficiency Heating System
  • 220 Volts For Spa
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Tankless Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 16761
  • Assessor Parcel Number 4234013028
  • $344 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 2022 | New Construction

Lot Details

8,496 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: appliances
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Maintained
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Security Lights, Security System, Wired for Alarm System
  • View: Yes
  • Zoning: LAR1
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4234013028
  • Year Built: 2022
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 4819.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, High Ceilings, Home Automation System, Open Floorplan, Pantry, Recessed Lighting, Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 995.85
  • Room Type: Den, Entry, Family Room, Formal Entry, Foyer, Great Room, Guest/Maid's Quarters, Jack & Jill, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Multi-Level Bedroom, Office, Walk-In Closet, Walk-In Pantry
  • Spa Features: Private, Permits
  • Bathroom Features: Bathtub, Shower, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Hollywood Bathroom (Jack&Jill), Privacy Toilet Door, Quartz Counters, Stone Counters, Upgraded, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Built-In Trash/Recycling, Butler's Pantry, Kitchen Island, Kitchen Open To Family Room, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Barbecue Private
  • View: City Lights, Mountain(s), Neighborhood, Peek-A-Boo, Pool
  • Patio And Porch Features: Concrete, Deck, Lanai, Patio, Patio Open, Slab, Stone
  • Pool Features: Private, Heated, In Ground, Permits, Pool Cover, Salt Water
  • Pool Private: Yes
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls, Ducts Professionally Air-Sealed, Glass, Steel, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking Features: Direct Garage Access, Driveway - Combination, Garage, Garage Faces Rear, Gated, Guest, Parking Space, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Range, Freezer, Gas Oven, Gas Range, Gas Cooktop, Microwave, Refrigerator, Tankless Water Heater
  • Electric: 220 Volts For Spa, 220 Volts in Garage, 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central, ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, High Efficiency
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Cul-De-Sac, Yard
  • Lot Size Sq Ft: 8496.00
  • Lot Size Acres: 0.1950

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8496.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2719.01
  • Tax Lot: 28
  • Tax Tract Number: 16761
  • TaxOtherAnnualAssessmentAmount: 344.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2022
Closed on
Feb 16, 2022
Sold by
Focus Line Llc
Bought by
Arguedas Clare and Arguedas Roberto A
Seller's Agent
Eric Kredatus
DOMO Real Estate
Buyer's Agent
Thomas Swanson
Corcoran Global Living
List Price
$4,799,000
Sold Price
$4,799,000
Current Estimated Value
$5,200,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,612
Avg. Annual Appreciation
2.00%
Original Mortgage
$700,000
Outstanding Balance
$647,437
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$4,553,175

Purchase Details

Closed on
Jul 5, 2019
Sold by
Larson Kaliea A
Bought by
Focus Line Llc

Purchase Details

Closed on
May 25, 2014
Sold by
Morgan Margaret A
Bought by
Morgan Margaret A and Margaret A Morgan Living Trust

Purchase Details

Closed on
Feb 25, 2014
Sold by
Morgan Margaret A and Margaret A Morgan Living Trust
Bought by
Morgan Margaret A

Purchase Details

Closed on
Oct 8, 2010
Sold by
Morgan Margaret Annette and Morgan Margaret Annette
Bought by
Morgan Margaret A and Margaret A Morgan Living Trust

Purchase Details

Closed on
Aug 30, 2007
Sold by
Morgan Margaret A
Bought by
Morgan Margaret Annette and Morgan Margaret Annette

Purchase Details

Closed on
Jan 17, 2002
Sold by
Morgan Margaret A and Herman & Myrtle Robertson Trus
Bought by
Morgan Margaret A
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Arguedas Clare $4,799,000 California Title Company
Focus Line Llc -- First American Title
Morgan Margaret A -- Accommodation
Morgan Margaret A -- Accommodation
Larson Kaliea A -- None Available
Morgan Margaret A -- None Available
Morgan Margaret A -- None Available
Morgan Margaret Annette -- None Available
Morgan Margaret A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arguedas Clare $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2022 03/04/22 Sold $4,799,000 0.0% $996 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $4,799,000 -- $996 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $60,175 $5,092,736 $2,546,899 $2,545,837
2024 $60,175 $4,992,879 $2,496,960 $2,495,919
2023 $59,074 $4,894,980 $2,448,000 $2,446,980
2022 $19,021 $1,600,881 $1,280,685 $320,196
2021 $18,791 $1,569,492 $1,255,574 $313,918
2019 $1,789 $130,062 $77,780 $52,282
2018 $1,699 $127,512 $76,255 $51,257
2016 $1,609 $122,562 $73,295 $49,267
2015 $12,307 $1,019,980 $815,984 $203,996
2014 $1,689 $118,358 $70,781 $47,577
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22018741

California Regional Multiple Listing Service (CRMLS)

APN: 4234-013-028

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