NOT LISTED FOR SALE

1623 Crescent Place Venice, CA 90291

Venice Neighborhood

Estimated Value: $4,990,000 - $6,107,511

5 Beds
5.5 Baths
3,004 Sq Ft
$1,795/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $4,800,000 $1,598 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $35,218/month

32 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Wood Flooring
  • Broadway Elementary Rated A-
  • Fireplace in Primary Bedroom
  • Spanish Architecture

About This Home

As of October 2020

This 1927 Spanish jewel has been meticulously restored and elegantly designed by Electric Bowery + Tess Bethune Interiors in collaboration with the Owner. The magical compound is comprised of a 3BD/3BA main house+two separate living quarters over the garage each including a private kitchen + bathroom. Everything in the home has been customized. The material palette is rich and luxurious with warm walnut millwork, luminous onyx, exquisite mosaic tile work + dramatic quartzite. Handpicked vintage light fixtures are carefully placed throughout the home. The completely renovated cook's kitchen is equipped with all of the most up to date appliances and finishes. The classic Spanish arched entry with an enhanced bifold front door. You will find a beautifully reimagined master suite, Waterworks finishes throughout + many more details to appreciate in person. The outdoors is equally as special with lush greenery, hand laid brick throughout+privacy. Situated on the most coveted walk street.

Last Listed By

Elisa Crispi

Compass License #02068150 Listed on: 08/12/2020

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $61,466

Year Built

  • Built in 1927

Lot Details

  • 4,148 Sq Ft Lot
  • Property is zoned LAR2

Parking

  • 3 Parking Spaces

Property Views

  • Ocean
  • City
  • Mountain

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,004 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Den

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4241-013-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$61,466

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 3004
  • Lot Acreage: 0.0950
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1927
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Hardwood, Stone, Tile
  • Bedrooms: 5
  • Full Bathroom: 5
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage, Laundry Area
  • Total Bathrooms: 6.00
  • Den: 1
  • Equipment: Dishwasher, Dryer, Microwave, Range/Oven, Washer
  • Price Per S Q F T: 1664.45

Exterior Features

  • Other Structures: GuestHouse
  • Pool: No
  • Spa Yn: No
  • View: City, Mountains, Ocean, Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 3 Car
  • Total Parking: 3

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4241-013-008
  • Geocode Override: No
  • Lot Size Area: 4148

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2022
Sold by
Crescent Place Trust
Bought by
Mertz Ventures Llc
Total Days on Market
32
Current Estimated Value
$5,392,170

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 1, 2020
Sold by
Baker Celeste Tau
Bought by
Ferrara James
Seller's Agent
Elisa Crispi
Compass
Buyer's Agent
Tiffany Rochelle
Compass
List Price
$5,000,000
Sold Price
$4,800,000
Premium/Discount to List
-$200,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.36%

Purchase Details

Closed on
Oct 24, 2017
Sold by
Dunoyer Celeste
Bought by
Dunoyer Celeste and Dunoyer Celeste Revocable Livi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 20, 2017
Closed on
Jun 16, 2017
Sold by
Wasson Erin
Bought by
Dunoyer Celeste
Seller's Agent
Sally Forster Jones
Compass
Buyer's Agent
Tiffany Rochelle
Compass
List Price
$3,595,000
Sold Price
$3,150,000
Premium/Discount to List
-$445,000
-12.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%

Purchase Details

Listed on
Mar 29, 2013
Closed on
Apr 4, 2013
Sold by
Gaston Gigi and Hawkins Sophie B
Bought by
Wasson Erin
Seller's Agent
Marty Trugman
Rodeo Realty
Buyer's Agent
Ben Bacal
Revel Real Estate
List Price
$2,725,000
Sold Price
$2,725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.52%
Original Mortgage
$2,000,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2006
Sold by
Gaston Gigi and Gaston Theodora Gigi
Bought by
Gaston Gigi and Hawkins Sophie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
8%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 3, 2004
Sold by
Gaston Gigi and Hawkins Sophie B
Bought by
Skeeter & Owl Estates Llc

Purchase Details

Closed on
Feb 11, 2004
Sold by
Cohen David Andrew
Bought by
Gaston Gigi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$848,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2002
Sold by
Boswell John
Bought by
Cohen David Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.9%

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
Mertz Ventures Llc -- Mcdermont Will & Emery Llp
Ferrara James $4,800,000 Stewart Title Company
Dunoyer Celeste -- Accommodation
Dunoyer Celeste $3,150,000 Equity Title Company
Wasson Erin $2,725,000 Fidelity National Title
Gaston Gigi -- Fidelity National Title Co
Skeeter & Owl Estates Llc -- --
Gaston Gigi -- --
Gaston Gigi $1,060,000 Stewart Title
Cohen David Andrew -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baker Celeste $2,375,000
Previous Owner Dunoyer Celeste $2,500,000
Previous Owner Wasson Erin $2,000,000
Previous Owner Gaston Gigi $1,700,000
Previous Owner Gaston Gigi $175,000
Previous Owner Gaston Gigi $1,470,000
Previous Owner Gaston Gigi $60,000
Previous Owner Gaston Gigi $848,000
Previous Owner Cohen David Andrew $604,000
Previous Owner Cohen David Andrew $500,000
Previous Owner Cohen David Andrew $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $4,800,000 -4.0% $1,598 / Sq Ft
09/13/2020 09/13/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $5,000,000 +58.7% $1,664 / Sq Ft
07/24/2017 07/24/17 Sold $3,150,000 -7.2% $1,049 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
05/31/2017 05/31/17 Price Changed $3,395,000 -2.9% $1,130 / Sq Ft
05/10/2017 05/10/17 Price Changed $3,495,000 -2.8% $1,163 / Sq Ft
02/20/2017 02/20/17 For Sale $3,595,000 +31.9% $1,197 / Sq Ft
05/15/2013 05/15/13 Sold $2,725,000 0.0% $1,252 / Sq Ft
04/01/2013 04/01/13 Pending -- -- --
03/29/2013 03/29/13 For Sale $2,725,000 -- $1,252 / 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
2024 $61,466 $5,093,798 $4,563,194 $530,604
2023 $60,257 $4,993,920 $4,473,720 $520,200
2022 $57,421 $4,896,000 $4,386,000 $510,000
2021 $56,741 $4,800,000 $4,300,000 $500,000
2020 $39,819 $3,290,591 $2,340,900 $949,691
2019 $38,211 $3,226,070 $2,295,000 $931,070
2018 $37,956 $3,150,000 $2,250,000 $900,000
2017 $34,775 $2,891,333 $2,334,288 $557,045
2016 $34,021 $2,834,641 $2,288,518 $546,123
2015 $33,517 $2,792,063 $2,254,143 $537,920
2014 $36,344 $2,737,371 $2,209,988 $527,383
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 20-617942

The MLS

APN: 4241-013-008