NOT LISTED FOR SALE

Estimated Value: $6,556,000 - $7,187,000

6 Beds
6 Baths
6,000 Sq Ft
$1,157/Sq Ft Est. Value

Last Sold June 28, 2017

Last sale price $7,115,000 $1,186 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $44,795/month

218 Days on Market

Highlights

  • Guest House
  • Art Studio
  • Heated In Ground Pool
  • Aviary
  • Projection Room
  • Sauna

About This Home

As of June 2017

Through security gates down a private tree-lined driveway to the residences, on over an acre of rolling greens & gardens in an extraordinary setting. Main house w/ 3 bedrooms upstairs inc. master w/fireplace, balcony & spectacular views. Living room w/cathedral ceilings, along w/kitchen & breakfast room all open to the gardens &city views. A rich wood paneled library w/fireplace & a home theater. Across the walkway is a 2 bedroom guest house (versatile office space) overlooking the grounds &views. Upstairs guest suite w/separate entry, living room, kitchen & views. Walk down to the fitness center (light-filled 2-story gym w/steam room). Additional sun-drenched structure w/full kitchen can function as a studio, guest suite, pool house etc.. & a large aviary (or re-purpose as a greenhouse, grow organic vegetables). Wind down to the pool w/Jacuzzi, BBQ/kitchen, fire pit & seating area w/city & cyn views. A private & serene 5-star retreat just minutes from the heart of the city below.

Last Agent to Sell the Property

Zach Goldsmith

The Agency License #01454329 Listed on: 10/04/2016

The Agency

Last Buyer's Agent

Brett Lawyer

Carolwood Estates License #00897489

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $97,746

Year Built

  • Built in 1954

Lot Details

  • 1.15 Acre Lot
  • Property is zoned LARE15

Property Views

  • City Lights
  • Canyon
  • Mountain

Home Design

  • Farmhouse Style Home

Interior Spaces

  • 6,000 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Family Room
  • Living Room
  • Dining Area
  • Projection Room
  • Home Theater
  • Home Office
  • Library with Fireplace
  • Bonus Room
  • Art Studio
  • Dance Studio
  • Craft Room
  • Atrium Room
  • Sauna
  • Home Gym
  • Alarm System
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • 6 Full Bathrooms

Parking

  • Garage Apartment
  • Covered Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Utilities

  • Air Conditioning
  • Central Heating

Additional Features

  • Aviary
  • Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2427-012-030

Home Details

Home Type

Single Family

Est. Annual Taxes

$97,746

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Farm House
  • Street Number Display: Yes
  • Living Area: 6000
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 51
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Library, Master Bedroom
  • Flooring: Stone, Wood
  • Bedrooms: 6
  • Full Bathroom: 6
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Dishwasher
  • Price Per S Q F T: 1241.67

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated And Filtered
  • Pool: Yes
  • Spa: Heated with Gas, In Ground
  • Spa Yn: Yes
  • View: Canyon, City, City Lights, Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Covered Parking

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2427-012-030
  • Geocode Override: No
  • Lot Size Area: 50107

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2016
Closed on
Jun 14, 2017
Sold by
Connor Randal R O
Bought by
Grossman Richard and Lyons Lisa
Seller's Agent
Zach Goldsmith
The Agency
Buyer's Agent
Brett Lawyer
Carolwood Estates
List Price
$8,250,000
Sold Price
$7,115,000
Premium/Discount to List
-$1,135,000
-13.76%
Current Estimated Value
$6,939,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$175,156
Avg. Annual Appreciation
0.24%

Purchase Details

Closed on
Oct 3, 2012
Sold by
Ball Alan Erwin and The Red Clay Trust
Bought by
Oconnor Randal R and The Red Clay Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2009
Sold by
Ball Alan
Bought by
Ball Alan Erwin and The Red Clay Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,500
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2004
Sold by
Ball Alan Erwin and Alan Erwin Ball Trust
Bought by
Ball Alan Erwin and Alan Erwin Ball Trust

Purchase Details

Closed on
Apr 28, 2003
Sold by
Ball Alan
Bought by
Ball Alan Erwin and Alan Erwin Ball Trust

Purchase Details

Closed on
Feb 12, 2003
Sold by
Cheatham Robert T and Cheatham Robert Tracy
Bought by
Ball Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.73%
Source: Public Records

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
Grossman Richard $7,115,000 Title 365
Oconnor Randal R -- Stewart Title Of California
Ball Alan Erwin -- Stewart Title Of California
Ball Alan Erwin -- --
Ball Alan Erwin -- --
Ball Alan -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grossman/Lyons Revocable Trust $4,000,000
Previous Owner Oconnor Randal R $1,000,000
Previous Owner Ball Alan $1,280,000
Previous Owner Ball Alan Erwin $918,500
Previous Owner Ball Alan $500,000
Previous Owner Ball Alan $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2017 06/28/17 Sold $7,115,000 -4.5% $1,186 / Sq Ft
03/23/2017 03/23/17 Price Changed $7,450,000 -6.3% $1,242 / Sq Ft
01/30/2017 01/30/17 Price Changed $7,950,000 -3.6% $1,325 / Sq Ft
10/04/2016 10/04/16 For Sale $8,250,000 -- $1,375 / 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
2025 $97,746 $8,257,564 $6,093,075 $2,164,489
2024 $97,746 $8,095,652 $5,973,603 $2,122,049
2023 $95,823 $7,936,915 $5,856,474 $2,080,441
2022 $91,341 $7,781,291 $5,741,642 $2,039,649
2021 $90,270 $7,628,717 $5,629,061 $1,999,656
2019 $87,470 $7,402,446 $5,462,100 $1,940,346
2018 $87,214 $7,257,300 $5,355,000 $1,902,300
2016 $32,210 $2,666,579 $1,816,405 $850,174
2015 $31,737 $2,626,525 $1,789,121 $837,404
2014 $31,846 $2,575,076 $1,754,075 $821,001
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-168144

The MLS

APN: 2427-012-030