1609 Magnetic Terrace Los Angeles, CA 90069

$15,750,000 Sold Price as of 08/02/2018

5 Beds
7 Baths
7,731 Sq.Ft.

Off Market

$15,750,000 Sold Price as of 08/02/2018 Refinance Your Mortgage

Map preview of 1609 Magnetic Terrace, Los Angeles, CA 90069

Property Overview: 1609 Magnetic Terrace Los Angeles, CA has 5 bedrooms, 7 bathrooms, 7,731 living square feet and 15,414 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1609 Magnetic Terrace is currently an off market home in the city of Los Angeles. 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 Los Angeles has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $247,200 for the down payment and will need roughly $24,720 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 Los Angeles the commission could be as much as $52,500. 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 1609 Magnetic Terrace

Last sold for $15,750,000 on August 2nd, 2018

August, 2018
Aug 3, 2018

Date

Sold

CRMLS: 18324614

$15,750,000

Price
Aug 2, 2018

Date

Pending

CRMLS: 18324614

$17,995,000

Price
Jun 2, 2018

Date

Price Change

CRMLS: 18324614

$17,995,000

Price
Mar 26, 2018

Date

Active

CRMLS: 18324614

$19,995,000

Price
Listing provided courtesy of CRMLS

Situated above Sunset Blvd on a quiet cul-de-sac: an astonishing 6 bed, 8 bath, modern home lined with breathtaking city views. Enter through the gated driveway to find the sprawling 12,000+ sqft 3 story showplace. The home features a 2500sqft living room, large chef's kitchen w/ oversized island & butler's pantry, & it's own wellness center/ salon. Retire to the massive master suite w/ an office, 2 walk-in closets, & infinity bath tub. Entertain by the 30,000-gallon infinity pool, outdoor kitchen, theater, & Tuscan olive garden, all while taking in the endless views from atop the Hollywood Hills.

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August, 2018
Aug 2, 2018

Date

Sold (Public Records)

Public Records

$15,750,000

Price
March, 2018
Mar 11, 2018

Date

Expired

CRMLS: 17285604

$21,900,000

Price
Nov 1, 2017

Date

Active

CRMLS: 17285604

$21,900,000

Price
Listing provided courtesy of CRMLS

This home is a true modern masterpiece constructed on a cul-de-sac. Located North of Sunset Blvd., in a highly desirable neighborhood and previously owned by Tom Mankiewicz. Offering 12,109 sq. ft. of living space, this huge 6 bedroom and 8 baths awaits its new owner. Enter with style through private gate access and a spacious driveway. An entertainer's paradise, featuring a comfortable 2,500 sq. ft. living room, a professional chef's kitchen with a 20 ft. island, plus a butler's pantry and additional cook's kitchen. The enormous master bedroom comes with a private office and leather-lined closet for him, while her closet is a replica of a famous clothing designer's showroom. Enter through sliding walls of frosted glass, into the master bath complete with large spa shower, infinity bathtub island and H/H water closets. Continue downstairs to your very own hair salon and spa. End your day in elegance on your master bedroom terrace lounge, with some of the best views.

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Tax History for 1609 Magnetic Terrace

Assessed Value (2020): $15,964,020

Year	Land Value	Improved Value	Assessed Value
2020	$10,376,460	$5,587,560	$15,964,020

About 1609 Magnetic Terrace

Detailed summary of property

1609 Magnetic Terrace is a single family home in Los Angeles, CA 90069 and last sold on August 2, 2018 for $15,750,000. This house has 5 bedrooms, 7 bathrooms, roughly 7,731 living square feet, and sits on an approximately 15,414 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1400% higher than the current median priced home. 1609 Magnetic Terrace was last sold on August 2, 2018 for $15,750,000. Local nearby listings include 9410 Sierra Mar Pl, 9344 Nightingale Dr and 9344 Nightingale Dr. The average home in Los Angeles, CA is selling in 96 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 1609 Magnetic Terrace Los Angeles, CA 90069 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1609 Magnetic Terrace

Public county record property details

Beds: 5
Baths: 7
Year built: 2014
Sq. Ft.: 7,731
Lot Size: 15,414
Stories: --

Type: Single Family Residential
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 18,22
APN: 5561-013-022

The source for these homes facts are from public records.

90069 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,215,000

Median List Price/Sq.Ft.

$1,101

Median Sold Price

$1,400,000

Median Sold Price/Sq.Ft.

$854

Total Inventory

265

Median Sale to List Price %

100.07%

Avg Days on Market

Loan Type

Conventional (3.23%), FHA (0%), VA (0%), Cash (16.13%), Other (9.68%)

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