Seller's Agent in 2021
Laura Brau
Compass
(310) 650-4156
28 in this area
53 Total Sales
700 Alma Real Dr Pacific Palisades, CA 90272
Pacific Palisades NeighborhoodEstimated Value: $8,164,000 - $9,227,000
6
Beds
8
Baths
7,040
Sq Ft
$1,216/Sq Ft
Est. Value
Highlights
- Heated Spa
- French Architecture
- Subterranean Parking
- Fireplace in Primary Bedroom
- Wood Flooring
- Built-In Features
About This Home
As of December 2021Beautiful, large custom home at prime location in the Huntington Palisades. Built in 2008 and fully updated in 2017. This 7,000 sq ft Italian-French Mediterranean home sits on a corner lot with immaculate landscaping, and has high ceilings, 6 bedrooms, 6 baths, 2 powder baths, 3-stop elevator, luxurious master suite with dual walk-in closets, fully updated kitchen with high-end appliances and waterfall marble island, large rotunda home office, media room with Savant AV systems, 1,000+ bottle wine cellar, and 3-car subterranean garage with 100% hand-laid cobble stone driveway. The home has two outside entertaining areas with seating and fire pits, and one with a large in-ground spa with fountains, perfect for indoor/outdoor entertaining. The overall layout of the home is very open with a central flow that is perfect for living and entertaining, and is walking distance to the Palisades Park, local award winning schools, and the restaurants and shops in the Palisades Village. Welcome to the Palisades!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $92,625
Year Built
- Built in 2008
Lot Details
- 8,538 Sq Ft Lot
- Property is zoned LAR1
HOA Fees
- $24 Monthly HOA Fees
Parking
- 3 Car Garage
- Side by Side Parking
- Uncovered Parking
Home Design
- French Architecture
- Clay Roof
Interior Spaces
- 7,040 Sq Ft Home
- 3-Story Property
- Elevator
- Built-In Features
- Family Room with Fireplace
- Living Room with Fireplace
- Den with Fireplace
- Alarm System
- Laundry Room
- Basement
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Flooring
- Wood
- Stone
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Fireplace in Primary Bedroom
Pool
- Heated Spa
- In Ground Spa
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 4411-010-012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 19, 2023
Sold by
255 Parr Blvd Llc
Bought by
700 Alma Real Llc
Total Days on Market
120
Current Estimated Value
Purchase Details
Listed on
Aug 8, 2021
Closed on
Dec 22, 2021
Sold by
Hernand David Mark and Hernand Lisa Jennifer
Bought by
255 Parr Blvd Llc
Seller's Agent
Laura Brau
Compass
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$7,995,000
Sold Price
$7,200,000
Premium/Discount to List
-$795,000
-9.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.37%
Original Mortgage
$5,300,000
Interest Rate
3.11%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 16, 2009
Sold by
Lot 12 Alma Real Corporation
Bought by
Hernand David Mark and Hernand Lisa Jennifer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$743,000
Interest Rate
4.37%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
May 24, 2005
Sold by
Bushee Margaret and The Margaret Bushee Revocable
Bought by
Lot 12 Alma Real Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,676,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 18, 2003
Sold by
Skibitzke Margaret
Bought by
Bushee Margaret and Margaret Bushee Revocable Trus
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 2, 2003
Sold by
Bushee Margaret Rishel and Skibitzke Margaret
Bought by
Bushee Margaret Rishel and Margaret Bushee Revocable Trus
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 2, 2003
Sold by
Skibitzke Edward and Skibitzke Margaret
Bought by
Skibitzke Margaret
Purchase Details
Closed on
Jul 21, 1998
Sold by
Skibitzke Edward and Skibitzke Margaret
Bought by
Skibitzke Edward and Skibitzke Margaret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
7.06%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 15, 1993
Sold by
Skibitzke Edward Paul and Skibitzke Margaret Bushee
Bought by
Skibitzke Edward and Skibitzke Margaret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.2%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 255 Parr Blvd Llc | $7,200,000 | Lawyers Title Company | |
| Hernand David Mark | $3,715,000 | Lawyers Title Company | |
| Lot 12 Alma Real Corp | $2,550,000 | Equity Title Company | |
| Bushee Margaret | -- | Fidelity National Title Co | |
| Skibitzke Margaret | -- | Fidelity National Title Co | |
| Bushee Margaret Rishel | -- | -- | |
| Skibitzke Margaret | -- | -- | |
| Skibitzke Edward | -- | -- | |
| Skibitzke Edward | -- | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | 700 Alma Real Llc | $14,500,000 | |
| Closed | 255 Parr Blvd Llc | $5,344,000 | |
| Closed | 255 Parr Blvd Llc | $5,300,000 | |
| Previous Owner | Hernand David Mark | $2,873,131 | |
| Previous Owner | Hernand David Mark | $2,599,687 | |
| Previous Owner | Hernand David Mark | $547,536 | |
| Previous Owner | Hernand David Mark | $743,000 | |
| Previous Owner | Hernand David Mark | $2,600,500 | |
| Previous Owner | Lot 12 Alma Real Corp | $1,000,000 | |
| Previous Owner | Lot 12 Alma Real Corp | $1,676,000 | |
| Previous Owner | Skibitzke Margaret | $225,000 | |
| Previous Owner | Skibitzke Edward | $106,000 | |
| Previous Owner | Skibitzke Edward | $126,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/29/2021 12/29/21 | Sold | $7,200,000 | -6.8% | $1,023 / Sq Ft |
| 12/06/2021 12/06/21 | Pending | -- | -- | -- |
| 10/18/2021 10/18/21 | Price Changed | $7,725,000 | -1.9% | $1,097 / Sq Ft |
| 09/08/2021 09/08/21 | Price Changed | $7,875,000 | -1.5% | $1,119 / Sq Ft |
| 08/08/2021 08/08/21 | For Sale | $7,995,000 | -- | $1,136 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $92,625 | $7,650,000 | $5,406,000 | $2,244,000 |
| 2023 | $88,936 | $7,344,000 | $5,140,800 | $2,203,200 |
| 2022 | $84,763 | $7,200,000 | $5,040,000 | $2,160,000 |
| 2021 | $53,019 | $4,451,238 | $1,788,780 | $2,662,458 |
| 2019 | $51,420 | $4,319,214 | $1,735,725 | $2,583,489 |
| 2018 | $50,988 | $4,214,525 | $1,701,692 | $2,512,833 |
| 2016 | $48,757 | $4,050,871 | $1,635,614 | $2,415,257 |
| 2015 | $48,038 | $3,990,024 | $1,611,046 | $2,378,978 |
| 2014 | $48,162 | $3,911,866 | $1,579,488 | $2,332,378 |
Source: Public Records
Agents Affiliated with this Home
-
Laura Brau
-
S
Buyer's Agent in 2021
Subscriber Non
Non-Participant Office
Map
Similar Homes in Pacific Palisades, CA
Source: The MLS
MLS Number: 21-768276
APN: 4411-010-012
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