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1088 Marco Place

1088 Marco Place, Venice, CA 90291
Property in East of Lincoln
Sold Jan 13, 2017
$2,375,000
$1,500,000 by Bank Of America Na
Mortgage Due Jul 01, 2037
Sold Dec 23, 2015
$1,020,000
1088 Marco Place in Venice, CA was first built in 1924 and is 100 years old. Although, the building on the property was most recently renovated and altered in 2015. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1088 Marco Place has 2,165 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,070. In total, the area measurement of the land is 4,270 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1088 Marco Place was last sold in Nov 4, 2016 for $2,375,000. According to our calculations, that's $1,097.00 per sqft. Prior to that sales transaction, the property was sold for $1,020,000 in Oct 16, 2015. Current property owners are expected to pay $30,587 in taxes per year. The property on 1088 Marco Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,649,354. To break that down further, the land itself was valued at $1,561,725. While improvements to the property were assessed at a total of $1,087,629. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Unknown
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,270
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,165
  • Building Area: 2,165
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,165
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5385
  • Land Acres: 0.098
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 5385 LOT/SEC 58

Ownership

  • Current Owner : KAPLAN EMILY
  • Current Owner 2: KAPLAN LENA M
  • Previous Owner : RIVIERA PROPERTY GROUP LLC
  • Owner Before Previous Owner: HENDON SEAN
  • Owner Before Previous Owner 2: HENDON KEVIN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273700

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 49-D3
  • Subdivision Tract Number: 5385
  • Parcel: 4242-005-007
  • Lot: 58
  • Municipality: WEST /MAR VISTA/WALGR
  • Latitude: 33.9981
  • Longitude: -118.455

    Address

  • Full Address: 1088 Marco Pl
  • Address - House Number: 1088
  • Address - Street Name: Marco
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Venice
  • Carrier Code: C070
  • 4-Digit Zip Code: 3936
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $30,587
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2268
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,814,153
  • High Value: 3,452,419
  • Low Value: 2,175,888

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,500,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jun 16, 2022
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2037

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,649,354
  • Assessed Land Value: $1,561,725
  • Assessed Improvements Value: $1,087,629

    Sales

  • Current Sale Contract Date: Nov 04, 2016
  • Current Sale Recording Date: Jan 13, 2017
  • Current Sale Transaction ID: 1929865630
  • Current Sale Price: $2,375,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-0057746
  • Previous Sale Recording Date: Dec 23, 2015
  • Previous Sale Contract Date: Oct 16, 2015
  • Previous Sale Amount: $1,020,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jan 13, 2017
  • First Mortgage Loan Amount: $1,250,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 1088 Marco Place located in?
The 1088 Marco Place is a located in the neighborhood of East of Lincoln in West Los Angeles, Venice.
What is the average sales price for listings in 1088 Marco Place?
The average sales price for units in 1088 Marco Place is $0 currently.

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