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708 Palisades Drive

708 Palisades Drive, Pacific Palisades, CA 90272
Sold Feb 04, 2021
$1,875,000
$937,500 by Quicken Loans Llc
Mortgage Due Mar 01, 2051
Sold Apr 16, 2020
$1,825,000
$1,368,750 by Priority Financial Network
Mortgage Due May 01, 2050
708 Palisades Drive has been categorized by the local assessors in Pacific Palisades, CA as a residential type of property. The building on the property was first built in 1991 and is 33 years old. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. In addition, 708 Palisades Drive has 2,308 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 163,795 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. The property was last sold in Jan 28, 2021 for $1,875,000. That's $812.39 per sqft. Prior to that sales transaction, the property was also sold in Feb 7, 2020 for $1,825,000. 708 Palisades Drive was last assessed in 2023. The total value of the property was assessed at $1,950,750. Specifically, the land the property is located on was valued at $975,375. While improvements on the property were assessed at a total of $975,375. 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 $22,706. 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.

Building Features

Parking

Attached Garage
Guest 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: 163,795
  • Total Building Area: 2,308
  • Building Area: 2,308
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,308
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SEA RIDGE
  • Land Acres: 3.76
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TR=41662 LOT 3 CONDO UNIT 52

Ownership

  • Current Owner : KHALSA SIRI SIMRAN KAUR
  • Current Owner 2: SIRI SIMRAN KHALSA
  • Previous Owner : WEGNER JAMES
  • Previous Owner 2: WEGNER ANDREA
  • Owner Before Previous Owner: NATHANSON RICHARD GARY
  • Owner Before Previous Owner 2: NATHANSON ROBERTA CLAIR
  • Is Owner Occupied: Owner-occupied property
  • 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: 4419-015-135
  • Lot: 3
  • Municipality: WEST /N SM/PP/BRENT
  • Latitude: 34.05
  • Longitude: -118.552

    Address

  • Full Address: 708 Palisades Dr
  • Address - House Number: 708
  • Address - Street Name: Palisades
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Pacific Palisades
  • Carrier Code: C020
  • 4-Digit Zip Code: 2800
  • Zip Code: 90272

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,706
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 75
  • Final Value: 2,144,833
  • High Value: 2,547,044
  • Low Value: 1,742,621

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $937,500
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Feb 04, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $937,500
  • 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: Mar 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,950,750
  • Assessed Land Value: $975,375
  • Assessed Improvements Value: $975,375

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 28, 2021
  • Current Sale Recording Date: Feb 04, 2021
  • Current Sale Transaction ID: 11815808862
  • Current Sale Price: $1,875,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0202084
  • Previous Sale Recording Date: Apr 16, 2020
  • Previous Sale Contract Date: Feb 07, 2020
  • Previous Sale Amount: $1,825,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Feb 04, 2021
  • First Mortgage Loan Amount: $937,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PRIORITY FINANCIAL NETWORK
  • Previous Mortgage Transaction Date: Apr 16, 2020
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,368,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2050

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 708 Palisades Drive located in?
The 708 Palisades Drive is a other located in the neighborhood of Pacific Palisades in West Los Angeles, Pacific Palisades.
What is the average sales price for listings in 708 Palisades Drive?
The average sales price for units in 708 Palisades Drive is $0 currently.

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