NOT LISTED FOR SALE

Pacific Palisades, CA 90272

Estimated Value: $4,745,000 - $17,896,687

5 Beds
9 Baths
9,500 Sq Ft
$1,192/Sq Ft Est. Value

Sale Details

Date Sold: November 29, 2012

Last sale price $11,800,000 $1,242 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $74,345 / mo

225 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Gated Parking
  • Attached Guest House
  • In Ground Pool
  • 43,500 Sq Ft lot

About This Home

As of November 2012

Incredible full-on ocean view estate on over one acre flat.

Last Agent to Sell the Property

Myra Nourmand

Nourmand & Associates-BH License #00983509 Listed on: 02/29/2012

Nourmand & Associates-BH

Last Buyer's Agent

Veronica Klein

Compass License #01218557

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 43,500 Sq Ft Lot
  • Gated Home
  • Property is zoned LAR1

Home Design

  • Contemporary Architecture

Interior Spaces

  • 9,500 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Wine Cellar
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Home Office
  • Library
  • Home Gym
  • Center Hall
  • Ocean Views

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Attached Garage
  • Gated Parking

Outdoor Features

  • In Ground Pool
  • Open Patio

Additional Features

  • Attached Guest House
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4411-028-005

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

1.0 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: No
  • Living Area: 9500
  • Stories: 3
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Carpet, Stone
  • Bedrooms: 5
  • Fireplaces: 2
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 9.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1420.53

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Attached
  • Pool Description: Private
  • Pool: Yes
  • View: Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Attached, Garage, Gated
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4411-028-005
  • Lot Size Area: 43500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2012
Closed on
Nov 19, 2012
Sold by
Stiffelman Gary and Stiffelman Carmen Lazar
Bought by
Winfield Holdings Llc
Seller's Agent
Myra Nourmand
Nourmand & Associates-BH
Buyer's Agent
Veronica Klein
Compass
List Price
$15,950,000
Sold Price
$11,800,000
Premium/Discount to List
-$4,150,000
-26.02%
Current Estimated Value
$11,320,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$479,156
Avg. Annual Appreciation
-0.31%

Purchase Details

Closed on
May 2, 2011
Sold by
Stiffelman Gary and Stiffelman Carmen Lazar
Bought by
Stiffelman Gary and Stiffelman Carmen Lazar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2010
Sold by
Terner Jacob Y and Terner Sandra W
Bought by
Stiffelman Gary and Stiffelman Carmen Lazar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2008
Sold by
Terner Jacob Y and Terner Sandra W
Bought by
Terner Jacob Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 19, 2002
Sold by
Terner Sandra W
Bought by
Terner Jacob Y
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
Winfield Holdings Llc $11,800,000 Equity Title Co
Stiffelman Gary -- Chicago Title Company
Stiffelman Gary -- Equity Title Company
Terner Jacob Y -- Ticor Title Company Of Ca
Terner Jacob Y -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stiffelman Gary $2,000,000
Previous Owner Stiffelman Gary $2,000,000
Previous Owner Terner Jacob Y $4,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2012 11/29/12 Sold $11,800,000 -12.6% $1,242 / Sq Ft
10/11/2012 10/11/12 Pending -- -- --
10/02/2012 10/02/12 Price Changed $13,495,000 -9.7% $1,421 / Sq Ft
05/09/2012 05/09/12 Price Changed $14,950,000 -6.3% $1,574 / Sq Ft
02/29/2012 02/29/12 For Sale $15,950,000 -- $1,679 / 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 $171,898 $14,530,851 $13,545,713 $985,138
2024 $171,898 $14,245,933 $13,280,111 $965,822
2023 $168,510 $13,966,602 $13,019,717 $946,885
2022 $160,579 $13,692,748 $12,764,429 $928,319
2021 $158,695 $13,424,264 $12,514,147 $910,117
2019 $153,887 $13,026,094 $12,142,971 $883,123
2018 $153,341 $12,770,681 $11,904,874 $865,807
2016 $146,790 $12,274,783 $11,442,595 $832,188
2015 $144,610 $12,090,405 $11,270,717 $819,688
2014 $144,981 $11,853,572 $11,049,940 $803,632
Source: Public Records

Agents Affiliated with this Home

  • Myra Nourmand

    Seller's Agent in 2012

    Myra Nourmand

    Nourmand & Associates-BH

    (323) 460-6360

    28 Total Sales

    Myra Nourmand
    Section Image
  • Veronica Klein

    Buyer's Agent in 2012

    Veronica Klein

    Compass

    (310) 704-3554

    4 in this area

    21 Total Sales

    Veronica Klein
    Section Image
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Source: The MLS

MLS Number: 12-584797

The MLS

APN: 4411-028-005

California Los Angeles County Pacific Palisades

90272

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