NOT LISTED FOR SALE

Estimated Value: $1,356,000 - $1,632,000

2 Beds
2.5 Baths
1,470 Sq Ft
$548/mo HOA Fee

Last Sold October 22, 2021

Last sale price $1,305,000 $888 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $9,949/month

74 Days on Market

Highlights

  • Gourmet Kitchen
  • Automatic Gate
  • Two Primary Bathrooms
  • Primary Bedroom Suite
  • 0.61 Acre Lot
  • Wood Flooring

About This Home

As of October 2021

Stunning unit in the heart of West Hollywood's Melrose design district. A+ location within walking distance to world class dining, shopping & nightlife. This famed Blue Velvet modern complex was designed by renowned architect Zoltan Pali. Loaded with designer touches, an ultimate open floor plan and soaring 10 foot ceilings. The formal entry leads you to the gourmet kitchen with Bosch appliances, Ceasarstone counters & Italian cabinetry. The powder room is a must for guests and the washer/dryer are located in a large utility closet w/lots of extra storage. The dining room with a high-end Restoration Hardware chandelier & the living room w/custom window treatments flow seamlessly from the kitchen out to the covered terrace with floor to ceiling glass doors. There are two Primary suites on opposite sides of the unit for ultimate privacy. Both primary suites have stunning flooring, fixtures, tile, cabinetry and custom window treatments as well as massive walk in custom closets. Primary suite #1 has separate vanities/sinks & a separate tub & shower. Primary suite #2 opens to the covered terrace w/floor to ceiling glass doors. There is over 1,500 square feet of living space including the terrace, an abundance of natural light & great tree top and greenery views from all rooms. There is also extra storage in the garage near the two parking spaces. A must see!

Last Listed By

Todd Cloutier

Compass License #01382854 Listed on: 07/12/2021

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,441

Year Built

  • Built in 2009

Lot Details

  • East Facing Home
  • Gated Home
  • Sprinkler System

HOA Fees

  • $548 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Automatic Gate
  • Controlled Entrance

Home Design

  • Turnkey

Interior Spaces

  • 1,470 Sq Ft Home
  • 4-Story Property
  • High Ceiling
  • Double Pane Windows
  • Custom Window Coverings
  • Entryway
  • Dining Area
  • Property Views

Kitchen

  • Gourmet Kitchen
  • Breakfast Bar
  • Gas Oven
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • Powder Room
  • Double Vanity
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Alarm System

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Central Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5529-003-096

Community Details

Overview

  • Association fees include earthquake insurance, water and sewer paid, trash, insurance, maintenance paid, building and grounds
  • 33 Units

Amenities

  • Sundeck
  • Elevator

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,441

Year Built

Built in 2009

Lot Details

0

HOA Fees

$548 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Blue Velvet
  • Entry Floor: 2
  • Exclusions: Flat screen TVs
  • Living Area: 1470
  • Lot Acreage: 0.6131
  • Planned Urban Dev: 0
  • Stories: 4
  • Unit Floor In Building: 2
  • Year Built: 2009
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: High Ceilings (9 Feet+), Turnkey, Storage Space
  • Number Of Remote Controls: 2
  • Flooring: Tile, Carpet, Wood
  • Appliances: Built-In Gas, Microwave, Oven-Gas
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: Master Suite, WalkInCloset, Master Bedroom, 2 Master Bedrooms
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Powder Room, Double Vanity(s), Linen Closet, 2 Master Baths
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area
  • Kitchen Features: Gourmet Kitchen, Pantry
  • Laundry: In Unit, Inside, Laundry Closet Stacked, Laundry Area
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System, Dishwasher, Dryer, Hood Fan, Ice Maker, Microwave, Garbage Disposal, Freezer, Range/Oven, Refrigerator, Water Line to Refrigerator, Washer
  • Price Per S Q F T: 935.37
  • Windows: Double Pane Windows, Custom Window Covering

Exterior Features

  • Balcony: Yes
  • Direction Faces: East
  • Other Features: Balcony
  • Exposure: East
  • Patio: Balcony, Covered
  • Pool: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Assigned, Attached, Auto Driveway Gate, Community Garage, Controlled Entrance, Covered Parking, Door Opener
  • Total Parking: 2

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Air Conditioning, Central
  • Earth Quake Ins: 1
  • Heating: Central, Forced Air
  • Security: Community, Exterior Security Lights, Fire and Smoke Detection System, Gated
  • Sewer: In Street
  • Water: Public

Association/Amenities

  • Amenities: Assoc Pet Rules, Elevator, Gated Parking, Sun Deck
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Earthquake Insurance, Water and Sewer Paid, Trash, Insurance, Maintenance Paid, Building and Grounds
  • HOA Fees: 548.00
  • HOA: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 5529-003-096
  • Lot Size Area: 26705

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Oct 19, 2021
Sold by
Lipowsky Lise and Berkman Kyle
Bought by
Elist Jordan
Seller's Agent
Todd Cloutier
Compass
Buyer's Agent
Vangelis Korasidis
Coldwell Banker Realty
List Price
$1,395,000
Sold Price
$1,305,000
Premium/Discount to List
-$90,000
-6.45%
Total Days on Market
74
Current Estimated Value
$1,441,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,471
Avg. Annual Appreciation
2.22%
Original Mortgage
$822,375
Outstanding Balance
$762,828
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$646,833

Purchase Details

Closed on
Oct 26, 2011
Sold by
855 Croft Llc
Bought by
Lipowsky Lise and Berkman Kyle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
4.02%
Mortgage Type
New Conventional

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
Elist Jordan $1,305,000 Progressive Title Company
Lipowsky Lise $699,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elist Jordan $822,375
Previous Owner Lipowsky Lise $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $1,305,000 -5.1% $888 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
08/06/2021 08/06/21 Price Changed $1,375,000 -1.4% $935 / Sq Ft
07/12/2021 07/12/21 For Sale $1,395,000 -- $949 / 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 $16,441 $1,357,721 $966,635 $391,086
2023 $16,121 $1,331,100 $947,682 $383,418
2022 $15,365 $1,305,000 $929,100 $375,900
2021 $9,673 $811,113 $468,218 $342,895
2019 $9,381 $787,057 $454,331 $332,726
2018 $9,357 $771,625 $445,423 $326,202
2016 $8,946 $741,664 $428,128 $313,536
2015 $8,814 $730,525 $421,698 $308,827
2014 $8,845 $716,216 $413,438 $302,778
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 21-759594

The MLS

APN: 5529-003-096