$6,483,000
SOLD JUN 10, 2022

1120 Granvia Altamira Palos Verdes Estates, CA 90274

5 Beds
6.5 Baths
5,810 Sq Ft
0.35 Acres

Recently Sold

$1,116 Per Sq Ft

8% Above List Price

13 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Custom Home
  • Montemalaga Elementary School Rated A+
  • In Ground Pool
  • Wood Flooring

About This Home

As of June 2022

Sited in the prestigious Palos Verdes Estates, 1120 Granvia Altamira is an exceptional, amenitized oasis offering the height of form and function with artful design and total livability. With five bedrooms, six bathrooms and a sprawling 5,810-square-foot floor plan, residents will have the opportunity to live a life of beauty, leisure and tranquility within this prime estate. Custom-built in 2017, the Mediterranean-style home lends a distinct Santa Barbara vibe. Views of the ocean, coastline, city lights and mountaintops create an extraordinary backdrop. The wide driveway leads to a garage with a custom wood door, custom storage cabinets, travertine flooring and a refrigerator. Inside, guests are greeted by a formal entry with soaring ceilings and hand-carved exposed beams. The expansive chef’s kitchen includes a natural stone island and backsplash, a caterer’s kitchen and stainless steel Thermador appliances. Connected is a comfortable sitting area where impressive bi-fold doors and balconies maximize the views. The dining area provides its own enticing lounge area and balcony. Here, indoor-outdoor living is second nature.The primary suite includes its own private balcony, magnificent walk-in closet and a luxe bathroom with a soaking tub, dual vanities and a book-matched stone shower, enclosed in glass. Each additional bedroom suite includes its own views, comforts and design details. Within the lower level, find a full wet bar—equipped with a fridge and ice maker—and a temperature-controlled wine storage room. An executive office overlooks the pool and backyard. Enjoy an outdoor dining area under a wood trellis, a glistening pool and spa with Pebble Tec finish and automation. Mature Ficus trees surround the outdoor paradise, curating privacy.

Last Agent to Sell the Property

Ray Akbari

The Agency License #01447600 Listed on: 04/19/2022

The Agency

Co-Listed By

Cyrus Ahmadi

Standard Realty License #01098856

Last Buyer's Agent

Wei Shi Lee

Berkshire Hathaway HomeService License #00818350

Berkshire Hathaway HomeService

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $75,906

Year Built

  • Built in 2017 | Remodeled

Lot Details

  • 0.35 Acre Lot
  • Back Yard
  • Property is zoned PVR1YY

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Custom Home
  • Mediterranean Architecture
  • Turnkey
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 5,810 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • Beamed Ceilings
  • Recessed Lighting
  • Formal Entry
  • Wine Cellar
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Home Office
  • Wood Flooring
  • Laundry Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Double Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Stone Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms | 4 Main Level Bedrooms
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower
  • Closet In Bathroom

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Stone Porch or Patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 14 / 1750
  • Tax Tract Number 8652
  • Assessor Parcel Number 7545015015

Home Details

Home Type

Single Family

Est. Annual Taxes

$75,906

Year Built

Built in 2017 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1YY
  • Architectural Style: Custom Built, Mediterranean
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7545015015
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 5810.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Recessed Lighting, Stone Counters, Vacuum Central, Wet Bar
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Levels: Two
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1115.83
  • Room Type: Family Room, Formal Entry, Living Room, Main Floor Master Bedroom, Office, Separate Family Room, Walk-In Closet, Wine Cellar
  • Spa Features: In Ground
  • Bathroom Features: Bathtub, Shower, Closet In Bathroom, Double Sinks In Master Bath, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • View: City Lights, Coastline, Mountain(s), Ocean, Panoramic
  • Patio And Porch Features: Stone
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Double Oven, Ice Maker, Microwave, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 15149.00
  • Lot Size Acres: 0.3478

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15149.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 1750
  • Tax Census Tract: 6703.26
  • Tax Lot: 14
  • Tax Tract Number: 8652

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2022
Closed on
Jun 10, 2022
Sold by
Sarmast Ali and Sarmast Karen
Bought by
Lin Caroline
Seller's Agent
Ray Akbari
The Agency
Buyer's Agent
Wei Shi Lee
Berkshire Hathaway HomeService
List Price
$5,988,000
Sold Price
$6,483,000
Premium/Discount to List
$495,000
8.27%
Current Estimated Value
$5,736,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$746,746
Avg. Annual Appreciation
-2.95%
Original Mortgage
$3,960,000
Outstanding Balance
$3,344,141
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$2,547,356

Purchase Details

Listed on
Apr 19, 2022
Closed on
Jun 7, 2022
Sold by
Lin Eho
Bought by
Lin Caroline
Seller's Agent
Ray Akbari
The Agency
Buyer's Agent
Wei Shi Lee
Berkshire Hathaway HomeService
List Price
$5,988,000
Sold Price
$6,483,000
Premium/Discount to List
$495,000
8.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,960,000
Outstanding Balance
$3,344,141
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$2,547,356

Purchase Details

Listed on
May 16, 2012
Closed on
Jun 26, 2012
Sold by
Nakano Nobuyuki and Nakano Tomoko
Bought by
Sarmast Ali and Sarmast Karen
Seller's Agent
Y. Anthony Iwata
Rockyfield
Buyer's Agent
Ali Dehdashty
Amluck Realty Inc.
List Price
$1,550,000
Sold Price
$1,565,000
Premium/Discount to List
$15,000
0.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.59%
Original Mortgage
$1,252,000
Interest Rate
3.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 13, 2009
Sold by
Allen Newman Samantha E and Allen Sarah E
Bought by
Nakano Nobuyuki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,208,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2008
Sold by
Allen Newman Samantha E and Allen Sarah E
Bought by
Allen Newman Samantha E
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $6,483,000 Fidelity National Title
Deed -- Fidelity National Title
Grant Deed $1,565,000 Old Republic Title Company
Grant Deed $1,510,000 Progressive Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,960,000 New Conventional
Previous Owner $2,000,000 New Conventional
Previous Owner $499,900 Credit Line Revolving
Previous Owner $1,945,000 New Conventional
Previous Owner $1,293,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,252,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,071,500 New Conventional
Previous Owner $1,208,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $6,483,000 +8.3% $1,116 / Sq Ft
04/19/2022 04/19/22 For Sale $5,988,000 +282.6% $1,031 / Sq Ft
08/21/2012 08/21/12 Sold $1,565,000 +1.0% $536 / Sq Ft
06/24/2012 06/24/12 Pending -- -- --
05/16/2012 05/16/12 For Sale $1,550,000 -- $530 / 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 $75,906 $6,879,809 $3,134,595 $3,745,214
2024 $75,906 $6,744,912 $3,073,133 $3,671,779
2023 $74,791 $6,612,660 $3,012,876 $3,599,784
2022 $41,775 $3,703,112 $1,816,027 $1,887,085
2021 $41,746 $3,630,503 $1,780,419 $1,850,084
2020 $41,193 $3,593,277 $1,762,163 $1,831,114
2019 $39,969 $3,522,821 $1,727,611 $1,795,210
2018 $39,662 $3,453,747 $1,693,737 $1,760,010
2016 $24,565 $2,152,966 $1,242,040 $910,926
2015 $18,787 $1,603,514 $1,223,384 $380,130
2014 $18,512 $1,572,104 $1,199,420 $372,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22078931

California Regional Multiple Listing Service (CRMLS)

APN: 7545-015-015