NOT LISTED FOR SALE

Estimated Value: $3,236,944 - $3,388,000

5 Beds
4.5 Baths
3,976 Sq Ft
$838/Sq Ft Est. Value

Last Sold April 08, 2021

Last sale price $2,860,000 $719 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $22,045/month

16 Days on Market

Highlights

  • Ocean View
  • Tennis Courts
  • Clubhouse
  • Fitness Center
  • In Ground Pool
  • Fireplace in Primary Bedroom

About This Home

As of April 2021

Enjoy breathtaking ocean and mountain views from this exquisite 5 bedroom 4.5 bath custom home in the highly coveted Summit Community of Pacific Palisades. With 20-ft ceilings, expansive windows, and an open and seamless floor plan, this home is drenched with sunlight and ideal for entertaining. The living room includes a fireplace, and the spacious formal dining room features French doors and a patio perfect for al fresco dining. Cooking enthusiasts will appreciate the kitchen, with an island and breakfast bar, granite countertops, Thermador ovens, stainless-steel appliances and a breakfast nook with bay windows overlooking stunning vistas. French doors in the family room open to the backyard featuring exquisite Catalina views. Upstairs, the luxurious master en-suite is complete with a fireplace, gorgeous office and marble bath. Three additional bedrooms complete the second floor. HOA includes membership to the private Summit Club with pool, tennis and fitness center and a private park.

Last Listed By

Brooke Elliott Laurinkus

Christie's International Real Estate SoCal License #01965650 Listed on: 03/02/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,046

Year Built

  • Built in 1999

Lot Details

  • 6,173 Sq Ft Lot
  • Property is zoned LAR1

HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Property Views

  • Ocean
  • Mountain

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 3,976 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Gas Fireplace
  • Formal Entry
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Freezer
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Tennis Courts
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4431-042-017

Community Details

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Additional Features

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,046

Year Built

Built in 1999

Lot Details

0

HOA Fees

$370 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Entry Location: Foyer
  • Living Area: 3976
  • Lot Acreage: 0.1417
  • Stories: 2
  • Year Built: 1999
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas, Living Room, Master Bedroom
  • Flooring: Hardwood, Mixed, Marble, Carpet
  • Bedrooms: 5
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Breakfast Nook, Dining Area, In Kitchen, Kitchen Island, Formal Dining Rm
  • Laundry: Inside, Room
  • Total Bathrooms: 5.00
  • Den: 1
  • Equipment: Barbeque, Built-Ins, Freezer, Dryer, Dishwasher, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 716.68

Exterior Features

  • Other Structures: None
  • Tennis Court: Community
  • Tennis Court Y/N: Yes
  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: Ocean, Mountains
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Driveway, Garage - 2 Car, Garage
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Clubhouse, Exercise Room, Fitness Center, Pool, Playground, Basketball Court, Spa, Tennis Courts

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Quarterly
  • HOA Fees: 345.00
  • HOA Fees: 75.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4431-042-017
  • Lot Size Area: 6173

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2021
Closed on
Mar 30, 2021
Sold by
Richman Lori
Bought by
Richman Andrew
Seller's Agent
Brooke Elliott Laurinkus
Christie's International Real Estate SoCal
Buyer's Agent
Dawn Bramlette
Berkshire Hathaway HomeServices California Properties
Sold Price
$2,860,000
Total Days on Market
16
Current Estimated Value
$3,330,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$470,315
Avg. Annual Appreciation
3.84%
Original Mortgage
$1,700,000
Outstanding Balance
$1,549,159
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,781,156

Purchase Details

Listed on
Mar 2, 2021
Closed on
Mar 19, 2021
Sold by
Henry Craig S and Henry Kellie L
Bought by
Richman Austin and Richman Erin
Seller's Agent
Brooke Elliott Laurinkus
Christie's International Real Estate SoCal
Buyer's Agent
Dawn Bramlette
Berkshire Hathaway HomeServices California Properties
Sold Price
$2,860,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Outstanding Balance
$1,549,159
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,781,156

Purchase Details

Closed on
Aug 25, 2011
Sold by
Windler John and Windler Katherine M
Bought by
Henry Craig S and Henry Kellie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$952,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2001
Sold by
Lipschultz S Brian S and Lipschultz Sari J
Bought by
Windler John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$874,250
Interest Rate
6.99%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 8, 1997
Sold by
Orr Leo E and Orr Marian A
Bought by
Lipschultz S Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
7.49%
Mortgage Type
Balloon

Purchase Details

Closed on
May 3, 1996
Sold by
View Park Estates Development Inc
Bought by
Orr Leo E

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
Richman Andrew -- Lawyers Title
Richman Austin $2,860,000 Lawyers Title
Henry Craig S $1,792,000 Equity Title Company
Windler John -- Chicago Title Co
Lipschultz S Brian $425,000 Title Land Company
Orr Leo E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richman Austin $1,700,000
Previous Owner Henry Craig S $935,900
Previous Owner Henry Craig S $150,000
Previous Owner Henry Craig S $952,000
Previous Owner Windler John $1,462,500
Previous Owner Windler John $874,250
Previous Owner Lipschultz S Brian $910,000
Previous Owner Lipschultz S Brian $900,000
Previous Owner Lipschultz S Brian $315,000
Closed Windler John $94,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2021 04/08/21 Sold $2,860,000 0.0% $719 / Sq Ft
03/18/2021 03/18/21 Pending -- -- --
03/02/2021 03/02/21 Off Market $2,860,000 -- --
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
2024 $37,046 $3,035,053 $2,428,043 $607,010
2023 $36,323 $2,975,543 $2,380,435 $595,108
2022 $34,625 $2,917,200 $2,333,760 $583,440
2021 $24,943 $2,079,433 $1,193,586 $885,847
2020 $25,198 $2,058,112 $1,181,348 $876,764
2019 $24,191 $2,017,758 $1,158,185 $859,573
2018 $24,085 $1,978,195 $1,135,476 $842,719
2016 $23,024 $1,901,382 $1,091,385 $809,997
2015 $22,685 $1,872,823 $1,074,992 $797,831
2014 $22,754 $1,836,138 $1,053,935 $782,203
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 21-691124

The MLS

APN: 4431-042-017