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614 Palisades Drive

614 Palisades Drive, Pacific Palisades, CA 90272
Townhouse in Pacific Palisades
Sold Apr 09, 2019
$1,600,000
$1,120,000 by Morgan Stanley Private Bank Na
Mortgage Due Feb 01, 2052
Sold Jun 14, 2016
$1,475,000
$800,000 by Bny Mellon Na
Mortgage Due Jul 01, 2046
614 Palisades Drive in Pacific Palisades, CA was first built in 1991 and is 33 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 3 full bathrooms. There are 3 partial bathrooms. 614 Palisades Drive has 2,284 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 279,501 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. 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. 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, 614 Palisades Drive was last sold in Apr 3, 2019 for $1,600,000. According to our calculations, that's $700.53 per sqft. Prior to that sales transaction, the property was sold for $1,475,000 in Jun 6, 2016. Current property owners are expected to pay $20,071 in taxes per year. The property on 614 Palisades Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,715,520. To break that down further, the land itself was valued at $1,251,580. While improvements to the property were assessed at a total of $463,940. 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. 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!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.

Building Features

Parking

Attached Garage
Guest Parking
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 279,501
  • Total Building Area: 2,284
  • Building Area: 2,284
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,284
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SEA RIDGE
  • Land Acres: 6.417
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TR=41662 LOT 1 CONDO UNIT 8

Ownership

  • Current Owner : MOMTAZEE JOHN C
  • Current Owner 2: MOMTAZEE CALLENE A
  • Previous Owner : MCCASLIN TIMOTHY
  • Previous Owner 2: MCCASLIN MARIA
  • Owner Before Previous Owner: EQUITY TRUST COMPANY
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 262604

Zoning

  • Zoning: LARD3

Geography

  • Subdivision Tract Number: 41662
  • Parcel: 4419-015-116
  • Lot: 1
  • Municipality: WEST /N SM/PP/BRENT
  • Latitude: 34.0479
  • Longitude: -118.552

    Address

  • Full Address: 614 Palisades Dr
  • Address - House Number: 614
  • Address - Street Name: Palisades
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Pacific Palisades
  • Carrier Code: C020
  • 4-Digit Zip Code: 2849
  • Zip Code: 90272

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,071
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2258
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,874,106
  • High Value: 2,297,302
  • Low Value: 1,450,910

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,120,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Feb 01, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,120,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,715,520
  • Assessed Land Value: $1,251,580
  • Assessed Improvements Value: $463,940

    Sales

  • Current Sale Contract Date: Apr 03, 2019
  • Current Sale Recording Date: Apr 09, 2019
  • Current Sale Transaction ID: 11596621628
  • Current Sale Price: $1,600,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0308293
  • Previous Sale Recording Date: Jun 14, 2016
  • Previous Sale Contract Date: Jun 06, 2016
  • Previous Sale Amount: $1,475,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Apr 09, 2019
  • First Mortgage Loan Amount: $1,280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: May 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BNY MELLON NA
  • Previous Mortgage Transaction Date: Jun 14, 2016
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $800,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jul 01, 2046

About West Los Angeles




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Frequently Asked Questions

What neighborhood is 614 Palisades Drive located in?
The 614 Palisades Drive is a townhouse located in the neighborhood of Pacific Palisades in West Los Angeles, Pacific Palisades.
What is the average sales price for listings in 614 Palisades Drive?
The average sales price for units in 614 Palisades Drive is $0 currently.

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