NOT LISTED FOR SALE

Estimated Value: $1,790,334 - $2,087,000

2 Beds
2 Baths
2,257 Sq Ft
$1,381/mo HOA Fee

Last Sold May 01, 2023

Last sale price $1,850,000 $820 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $13,926/month

77 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • 4.68 Acre Lot
  • Fitness Center
  • In Ground Pool
  • Contemporary Architecture

About This Home

As of May 2023

VIEWS VIEWS VIEW! This spectacular penthouse remodel opportunity is sited on a resort-like 9-acre bluff, just above Sunset Surf Break. Imagine designing an exquisite roof top residence, where you create the flow of the interior space, the finishes, the flooring, the colors and it all pours out onto a unique 775 square foot exterior deck where the views explode! Seller is even offering architectural plans. Edgewater Towers offers superior amenities, guard-gated entrance, 2 ocean view pools/spas, gym, tennis, basketball, bbq & picnic areas, hiking trails & lush gardens that overlook the beach & crashing waves below.

Last Listed By

Jane Dorian

Carolwood Estates License #01320230 Listed on: 01/13/2023

Carolwood Estates

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,856

Year Built

  • Built in 1963

Lot Details

  • 4.68

HOA Fees

  • $1,381 Monthly HOA Fees

Property Views

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,257 Sq Ft Home
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Area
  • Laundry in unit

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Garage Space
  • Controlled Entrance

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4415-018-165

Community Details

Overview

  • Association fees include water, electricity, gas
  • 145 Units
  • 8-Story Property

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Sauna
  • Elevator

Recreation

  • Sport Court
  • Fitness Center
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,856

Year Built

Built in 1963

Lot Details

0

HOA Fees

$1,381 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Edgewater Towers
  • Entry Floor: 8
  • Living Area: 2257
  • Lot Acreage: 4.6808
  • Planned Urban Dev: 0
  • Stories: 8
  • Unit Floor In Building: 8
  • Year Built: 1963
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 1019.05

Exterior Features

  • Tennis Court: Community
  • Tennis Court Y/N: Yes
  • Patio: Patio Open, Living Room Deck Attached
  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: Catalina, Coastline, Ocean, City
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage Is Attached, Community Garage, Controlled Entrance
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated Community with Guard, 24 Hour

Association/Amenities

  • Amenities: Elevator, Fitness Center, Gated Community Guard, Sauna, Pool, Tennis Courts, Assoc Barbecue, Onsite Property Management, Picnic Area, Security, Sport Court
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Water, Electricity, Gas
  • HOA Fees: 1381.41
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4415-018-165
  • Lot Size Area: 203897

Multi Family

  • Number Of Units: 145

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Apr 21, 2023
Sold by
Sarah Auerbach Ifrah 2010 Irrevocable Tr
Bought by
Musharbash Edward W and Musharbash William N
Seller's Agent
Jane Dorian
Carolwood Estates
Buyer's Agent
Yazen Haddad
E Realty
List Price
$2,300,000
Sold Price
$1,850,000
Premium/Discount to List
-$450,000
-19.57%
Total Days on Market
77
Views
91
Current Estimated Value
$1,906,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,445
Avg. Annual Appreciation
2.47%
Original Mortgage
$1,520,000
Outstanding Balance
$1,490,088
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$451,990

Purchase Details

Listed on
Jul 20, 2021
Closed on
Nov 20, 2021
Sold by
Ostrovsky Annette and The Sidney J Ostrovsky Living
Bought by
Ifrah Sarah Auerbach and Ifrah Sarah Auerbach
Seller's Agent
Dan Urbach
Compass
Buyer's Agent
Kaaren Kurtzman
Compass
List Price
$2,950,000
Sold Price
$2,300,000
Premium/Discount to List
-$650,000
-22.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.21%
Original Mortgage
$1,610,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2021
Sold by
Ostrovsky Sidney Joshua and Ostrovsky Sidney J
Bought by
Ostrovsky Annette

Purchase Details

Closed on
Jun 4, 2019
Sold by
Ostrovsky Sidney Joshua
Bought by
Ostrovsky Sidney J and Ostrovsky Annette

Purchase Details

Closed on
Mar 4, 2003
Sold by
Pauker Ewa and The Pauker Family Trust
Bought by
Pauker Ewa and Pauker Family Trust

Range of Values:

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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
Musharbash Edward W $1,850,000 Chicago Title Company
Ifrah Sarah Auerbach $2,300,000 Usa National Title
Ostrovsky Annette -- None Available
Ostrovsky Sidney J -- None Available
Pauker Ewa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Musharbash Edward W $1,520,000
Previous Owner Ifrah Sarah Auerbach $1,610,000
Previous Owner Ostrovsky Sidney Joshua $125,000
Previous Owner Ostrovsky Sidney Joshua $300,000
Previous Owner Ostrovsky Sidney Joshua $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $1,850,000 -19.6% $820 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $2,300,000 0.0% $1,019 / Sq Ft
01/05/2022 01/05/22 Sold $2,300,000 -13.2% $976 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
08/18/2021 08/18/21 Price Changed $2,650,000 -10.2% $1,124 / Sq Ft
07/20/2021 07/20/21 For Sale $2,950,000 -- $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 $22,856 $1,887,000 $867,000 $1,020,000
2023 $28,360 $2,346,000 $469,200 $1,876,800
2022 $30,338 $2,584,067 $516,813 $2,067,254
2021 $9,802 $824,033 $574,226 $249,807
2020 $9,901 $815,585 $568,339 $247,246
2019 $9,505 $799,595 $557,196 $242,399
2018 $4,409 $353,386 $88,374 $265,012
2016 $4,197 $339,666 $84,944 $254,722
2015 $4,136 $334,565 $83,669 $250,896
2014 $4,157 $328,013 $82,031 $245,982
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 23-231837

The MLS

APN: 4415-018-165