1561 Michael Ln Pacific Palisades, CA 90272

$1,369,000 Sold Price as of 07/25/2017

3 Beds
3 Baths
1,852 Sq.Ft.

Off Market

$1,369,000 Sold Price as of 07/25/2017 Refinance Your Mortgage

Map preview of 1561 Michael Ln, Pacific Palisades, CA 90272

Property Overview: 1561 Michael Ln Pacific Palisades, CA has 3 bedrooms, 3 bathrooms, 1,852 living square feet and 333,321 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1561 Michael Ln is currently an off market home in the city of Pacific Palisades. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Pacific Palisades has a median list price of $3,999,999. The median price per/sqft for Pacific Palisades is $1,316. With those numbers in mind, if you are looking to purchase a median priced home in Pacific Palisades, CA and put 20% down you will need to save up $800,000 for the down payment and will need roughly $80,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Pacific Palisades the commission could be as much as $165,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1561 Michael Ln

Last sold for $1,369,000 on July 25th, 2017

July, 2017
Jul 26, 2017

Date

Sold

CRMLS: 17231178

$1,369,000

Price
May 31, 2017

Date

Pending

CRMLS: 17231178

$1,369,000

Price
May 15, 2017

Date

Active

CRMLS: 17231178

$1,369,000

Price
Listing provided courtesy of CRMLS

Endless freedom radiates from this uniquely diverse epoch loft with modern design combined with rustic and artistic expression. This end-unit property is filled w/ natural light & privacy and truly feels like a single family home! The first level is an open floor plan & consists of a living room w/ high ceilings & fireplace that spills out to a meticulously hedged patio, a large dining room w/ wine-bar that spills into the gourmet kitchen w/ custom floating cabinetry, Viking appliances, honed sea-foam granite counters & Walker Zanger tiles. In addition, there is a spacious 3rd bedroom & full bath. A teak 'piano' staircase lit by a central skylight floats you up to the 2nd level that consists of a master suite w/ walk-in closet & luxurious spa-like bath and a 2nd en suite bedroom. Plantation shutters, new windows/sliders thru-out, finished garage, recessed lights, stone floors, water-softening system, dedicated laundry room w/ sink are a few of the many upgrades. Close to perfection!

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July, 2017
Jul 25, 2017

Date

Sold (Public Records)

Public Records

$1,369,000

Price
August, 2005
Aug 3, 2005

Date

Sold (Public Records)

Public Records

$952,000

Price

Tax History for 1561 Michael Ln

Assessed Value (2020): $1,424,307

Year	Land Value	Improved Value	Assessed Value
2020	$858,330	$565,977	$1,424,307

About 1561 Michael Ln

Detailed summary of property

1561 Michael Ln is a condominium in Pacific Palisades, CA 90272 and last sold on July 25, 2017 for $1,369,000. This condo has 3 bedrooms, 3 bathrooms, roughly 1,852 living square feet, and sits on an approximately 333,321 square foot lot. Homes in Pacific Palisades are selling for a median price of $3,300,000 and a median price per square foot of $1,032. Based on Ardent Real Estate Group's Pacific Palisades Market Data, this home is sold 58.52% lower than the current median priced home. 1561 Michael Ln was last sold on July 25, 2017 for $1,369,000. Local nearby listings include 1784 Old Ranch Rd, 2130 Mandeville Canyon Rd and 3404 Merrimac Rd. The average home in Pacific Palisades, CA is selling in 111 days. There are currently 138 homes for sale in the Pacific Palisades real estate market and 107 of them are single family homes while 18 of them are condos and 13 are townhomes. If you are the homeowner and looking to sell the home at 1561 Michael Ln Pacific Palisades, CA 90272 contact Ardent Real Estate Group and we will put you in touch with one of our Pacific Palisades agents.

Public Facts for 1561 Michael Ln

Public county record property details

Beds: 3
Baths: 3
Year built: 1977
Sq. Ft.: 1,852
Lot Size: 333,321
Stories: --

Type: Condominium Unit (Residential)
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 2
APN: 4431-015-057

The source for these homes facts are from public records.

90272 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$3,849,000

Median List Price/Sq.Ft.

$1,323

Median Sold Price

$3,300,000

Median Sold Price/Sq.Ft.

$1,032

Total Inventory

140

Median Sale to List Price %

97.2%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (8.33%), Other (0%)

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