1544 Michael Lane

1544 Michael Lane in Pacific Palisades, CA was first built in 1979 and is 45 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 1544 Michael Lane has 2,435 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. In total, the area measurement of the land is 400,413 square feet.

Learn more about the property and building on this page. 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 D. As for heating, the home is utilizing a central heating system. The property was last sold in Sep 15, 2022 for $1,720,000. That's $706.37 per sqft. Prior to that sales transaction, the property was also sold in Jul 8, 2020 for $1,425,000. 1544 Michael Lane was last assessed in 2023. The total value of the property was assessed at $1,720,000. Specifically, the land the property is located on was valued at $1,228,100. While improvements on the property were assessed at a total of $491,900. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $17,203. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.