NOT LISTED FOR SALE

1017 Via Fortuna Palos Verdes Estates, CA 90274

Estimated Value: $2,507,000 - $3,032,121

4 Beds
3 Baths
2,654 Sq Ft
$1,009/Sq Ft Est. Value

Last Sold June 26, 2018

Last sale price $2,000,000 $754 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $16,359/month

4 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Spa
  • Lunada Bay Elementary School Rated A+
  • Community Stables
  • No HOA

About This Home

As of June 2018

Located on a quiet cul-de-sac in Lunada Bay, this beautiful Spanish style home has sweeping ocean views, and a large lushly landscaped backyard that backs up to city parkland. The entry opens to a spacious living room with fireplace and a large balcony overlooking the front yard. The generous formal dining room leads to an expansive balcony with ocean views, which is perfect for outdoor dining; it’s also adjacent to the bright and open kitchen with vaulted ceiling. Large bedrooms and remodeled bathrooms complete the upper level. Downstairs, you’ll find a fabulous family room with fireplace, an additional 3/4 bathroom and French doors leading out to the huge, grassy backyard with fire pit and jacuzzi tub.

Last Agent to Sell the Property

Chris Adlam

Vista Sotheby's International Realty Brokerage Phone: 310-493-7216 License #00967574 Listed on: 05/21/2018

Vista Sotheby's International Realty

Last Buyer's Agent

Kerry LaPine

Vista Sotheby's International Realty License #01959664

Vista Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,984

Year Built

  • Built in 1960

Lot Details

  • 0.28 Acre Lot
  • Cul-De-Sac
  • Property is zoned PVR1*

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2,654 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • All Upper Level Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Spa
  • Fire Pit

Utilities

  • Cooling Available
  • Central Heating
  • Private Sewer

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 23522
  • Assessor Parcel Number 7543017007

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community
  • Community Stables

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,984

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7543017007
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2654.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Living Room, Fire Pit
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 753.58
  • Room Type: All Bedrooms Up, Family Room, Living Room
  • Spa Features: Private

Exterior Features

  • View: Ocean
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Stable(s)

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 12282.00
  • Lot Size Acres: 0.2820
  • Latitude Manual: 33.77405200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12282.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6703.28
  • Tax Lot: 3
  • Tax Tract Number: 23522

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2018
Closed on
Jun 18, 2018
Sold by
Smith Randall and Smith Darah Woolwise
Bought by
Kumar Kevin and Kumar Amy T Lee
Seller's Agent
Chris Adlam
Vista Sotheby's International Realty
Buyer's Agent
Kerry LaPine
Vista Sotheby's International Realty
List Price
$1,999,000
Sold Price
$2,000,000
Premium/Discount to List
$1,000
0.05%
Current Estimated Value
$2,677,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$677,280
Avg. Annual Appreciation
3.91%
Original Mortgage
$1,300,000
Interest Rate
4.05%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 12, 2002
Sold by
Smith Randall and Smith Sarah
Bought by
Smith Randall and Smith Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$553,000
Interest Rate
5.96%

Purchase Details

Closed on
May 3, 2000
Sold by
Gagnon Joseph D and Gagnon Kristen B
Bought by
Smith Randall and Smith Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.5%

Purchase Details

Closed on
Mar 13, 1996
Sold by
Maginnis Yang Ye and The Yang Ye Maginnis Living Tr
Bought by
Gagnon Joseph David and Gagnon Kristen Bennett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
6.75%

Purchase Details

Closed on
Aug 25, 1995
Sold by
Maginnis Yang Yee
Bought by
Maginnis Yang Ye and Yang Ye Maginnis Living Trust

Purchase Details

Closed on
Apr 27, 1995
Sold by
Maginnis Earl A
Bought by
Maginnis Earl A and Maginnis Yang Yee
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kumar Kevin $1,992,000 Consumers Title Company
Smith Randall -- Equity Title
Smith Randall $887,000 First American Title Co
Gagnon Joseph David $640,000 Equity Title
Maginnis Yang Ye -- --
Maginnis Earl A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kumar Kevin $1,300,000
Previous Owner Smith Randall $553,000
Previous Owner Smith Randall $400,000
Previous Owner Gagnon Joseph David $512,000
Closed Smith Randall $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2018 06/26/18 Sold $2,000,000 +0.1% $754 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $1,999,000 -- $753 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,984 $2,266,551 $1,813,242 $453,309
2024 $25,984 $2,222,110 $1,777,689 $444,421
2023 $25,540 $2,178,540 $1,742,833 $435,707
2022 $24,276 $2,135,824 $1,708,660 $427,164
2021 $24,276 $2,093,946 $1,675,157 $418,789
2019 $23,242 $2,031,840 $1,625,472 $406,368
2018 $14,526 $1,198,151 $958,526 $239,625
2016 $13,779 $1,151,627 $921,306 $230,321
2015 $13,631 $1,134,330 $907,468 $226,862
2014 $13,432 $1,112,111 $889,692 $222,419
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV18120326

California Regional Multiple Listing Service (CRMLS)

APN: 7543-017-007