1505 Via Fernandez Palos Verdes Estates, CA 90274
Estimated Value: $5,671,616 - $6,792,000
6
Beds
7
Baths
7,194
Sq Ft
$833/Sq Ft
Est. Value
Highlights
- Ocean View
- Heated In Ground Pool
- Primary Bedroom Suite
- Montemalaga Elementary School Rated A+
- Sauna
- Maid or Guest Quarters
About This Home
As of January 2024Welcome to this stunning custom-built Montecito-style estate located in the prestigious Palos Verdes Estates. This gated property features a horseshoe driveway and water fountain that set the tone for the luxurious and serene lifestyle you will experience within. Upon entry, you are greeted by an impressive foyer boasting high ceilings, an intricately designed iron staircase, and imported Moroccan tiles.
The main floor features a spacious open floor plan with beautifully appointed high-end designer finishes and ample natural light. A formal living room and true entertainer’s bar provide the perfect setting for elegant entertaining and casual gatherings alike. The bar includes 2 Marvel wine refrigerators, a Marvel ice maker and a Fisher and Paykel dishwasher. The expansive family room is equipped with a cozy fireplace and the dining room is conveniently located adjacent to it and the kitchen.
The kitchen is a chef's dream, with top-of-the-line appliances, custom cabinetry, and a spacious center island. The appliances include Wolf gas range with 6 burners, a ceramic griddle and two gas ovens, two additional Wolf electric ovens and a steam oven, full sized Sub Zero refrigerator freezer and separate beverage fridge, a farm sink and vegetable sink, and two cove dishwashers.
Also on the first level, the oversized game room has custom motorized drapery and opens to the yard. Beyond, closed off by pocket doors, is the office with windows to the front of the property.
Upstairs features a total of 5 bedrooms, each with a full ensuite bathroom providing ample space for family and guests along with a laundry room. The primary suite is a true retreat with a fireplace, sitting area, walk-in closets, balcony, and a luxurious spa-like bathroom with custom vanities, a soaking tub, and a separate shower.
The backyard is a serene and private paradise, featuring a pool and spa and mature landscaping, a beautiful stone fountain, and ample seating areas to enjoy complete relaxation and sunshine.
This exceptional estate underwent a complete renovation in 2019, with no expense spared. The renovation included custom lighting and flooring throughout, new cabinetry, doors, closets, security cameras, a stone facade, complete electrical rewiring and conversion to a smart home as well as upgraded finishes and appliances. The total cost of the renovation was $2.5 million, ensuring that this home is move-in ready and truly one-of-a-kind.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $56,377
Year Built
- Built in 1990
Lot Details
- 0.43 Acre Lot
- Drip System Landscaping
- Sprinklers Throughout Yard
- Private Yard
- Lawn
- Garden
- Back and Front Yard
- Property is zoned PVR1*
Parking
- 3 Car Attached Garage
Property Views
- Ocean
- Coastline
- Catalina
- Pool
Interior Spaces
- 7,194 Sq Ft Home
- 3-Story Property
- Raised Hearth
- Gas Fireplace
- Entrance Foyer
- Living Room
- Game Room with Fireplace
- Utility Room
- Laundry Room
- Sauna
- Attic
Kitchen
- Galley Kitchen
- Walk-In Pantry
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 6 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Maid or Guest Quarters
- 7 Full Bathrooms
Pool
- Heated In Ground Pool
- Gas Heated Pool
- Gunite Pool
- Pool Tile
Outdoor Features
- Fire Pit
- Rain Gutters
Location
- Property is near a park
- Suburban Location
Utilities
- Cooling System Powered By Gas
- Zoned Cooling
Community Details
- No Home Owners Association
- Foothills
Listing and Financial Details
- Legal Lot and Block 2 / 3
- Tax Tract Number 7334
- Assessor Parcel Number 7541022002
- $3,032 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 25, 2024
Sold by
Musvee Arora and Musvee Naila
Bought by
Arora
Total Days on Market
166
Current Estimated Value
Purchase Details
Listed on
May 22, 2023
Closed on
Dec 5, 2023
Sold by
Gst Non-Exempt Caila P Gale 1998 Nevada and Gst Non-Exempt Jenna
Bought by
Arora Neeraj and Arora Naila Musvee
Seller's Agent
Lauren Forbes
Compass
Buyer's Agent
Rodman Amiri
Merit Real Estate
List Price
$5,999,999
Sold Price
$5,300,000
Premium/Discount to List
-$699,999
-11.67%
Views
427
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.13%
Original Mortgage
$4,769,470
Interest Rate
7.22%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 16, 2018
Closed on
Aug 9, 2018
Sold by
Nassif Hani W and Nassif Dara
Bought by
Gale Randolph D
Seller's Agent
Wendy Sun
Estate Properties
Buyer's Agent
Gary Kooba
Vista Sotheby’s International Realty
List Price
$4,500,000
Sold Price
$4,500,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.08%
Original Mortgage
$2,500,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 10, 2005
Sold by
Nassif Hani and Nassif Dara
Bought by
Nassif Hani W and Nassif Dara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 22, 2003
Sold by
Yang Jackson and Yang Julie
Bought by
Nassif Hani and Nassif Dara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Palos Verdes Estates, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Arora | -- | None Listed On Document | |
| Arora Neeraj | $5,300,000 | Usa National Title | |
| Gale Randolph D | $4,500,000 | Lawyers Title Company | |
| Nassif Hani W | -- | -- | |
| Nassif Hani | $2,600,000 | Southland Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Arora Neeraj | $4,769,470 | |
| Previous Owner | Gst Non-Exempt Caila P Gale 19 | $525,000 | |
| Previous Owner | Gale Randolph D | $2,500,000 | |
| Previous Owner | Nassif Hani W | $2,100,000 | |
| Previous Owner | Nassif Hani W | $2,000,000 | |
| Previous Owner | Nassif Hani | $2,000,000 | |
| Previous Owner | Nassif Hani | $690,000 | |
| Previous Owner | Nassif Hani | $1,000,000 | |
| Previous Owner | Yang Jackson | $1,176,682 | |
| Closed | Nassif Hani | $499,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/10/2024 01/10/24 | Sold | $5,300,000 | -3.6% | $737 / Sq Ft |
| 11/04/2023 11/04/23 | Pending | -- | -- | -- |
| 10/27/2023 10/27/23 | Price Changed | $5,499,999 | -8.3% | $765 / Sq Ft |
| 10/27/2023 10/27/23 | For Sale | $5,999,999 | +13.2% | $834 / Sq Ft |
| 10/23/2023 10/23/23 | Off Market | $5,300,000 | -- | -- |
| 10/05/2023 10/05/23 | Price Changed | $5,999,999 | -7.6% | $834 / Sq Ft |
| 09/05/2023 09/05/23 | Price Changed | $6,495,000 | -4.5% | $903 / Sq Ft |
| 07/06/2023 07/06/23 | Price Changed | $6,799,000 | -2.9% | $945 / Sq Ft |
| 05/22/2023 05/22/23 | For Sale | $6,999,999 | +55.6% | $973 / Sq Ft |
| 08/23/2018 08/23/18 | Sold | $4,500,000 | 0.0% | $626 / Sq Ft |
| 07/15/2018 07/15/18 | For Sale | $4,500,000 | 0.0% | $626 / Sq Ft |
| 04/19/2018 04/19/18 | Pending | -- | -- | -- |
| 04/16/2018 04/16/18 | For Sale | $4,500,000 | -- | $626 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $56,377 | $4,921,404 | $2,682,493 | $2,238,911 |
| 2023 | $55,533 | $4,824,907 | $2,629,896 | $2,195,011 |
| 2022 | $52,755 | $4,730,302 | $2,578,330 | $2,151,972 |
| 2021 | $52,702 | $4,637,552 | $2,527,775 | $2,109,777 |
| 2020 | $51,999 | $4,590,000 | $2,501,856 | $2,088,144 |
| 2019 | $50,437 | $4,500,000 | $2,452,800 | $2,047,200 |
| 2018 | $37,622 | $3,248,869 | $1,883,219 | $1,365,650 |
| 2017 | $35,241 | $3,185,167 | $1,846,294 | $1,338,873 |
| 2016 | $35,752 | $3,122,714 | $1,810,093 | $1,312,621 |
| 2015 | $35,333 | $3,075,809 | $1,782,904 | $1,292,905 |
| 2014 | $34,799 | $3,015,559 | $1,747,980 | $1,267,579 |
Source: Public Records
Agents Affiliated with this Home
-
Lauren Forbes
Seller's Agent in 2024
Lauren Forbes
Compass
(310) 901-8512
4 in this area
130 Total Sales
-
Roma Barba
Seller Co-Listing Agent in 2024
Roma Barba
Compass
(310) 422-0652
3 in this area
25 Total Sales
-
Rodman Amiri
Buyer's Agent in 2024
Rodman Amiri
Merit Real Estate
(310) 989-6704
4 in this area
100 Total Sales
-
Wendy Sun
Seller's Agent in 2018
Wendy Sun
RE/MAX
(310) 544-7301
13 in this area
71 Total Sales
-
David Keller
Seller Co-Listing Agent in 2018
David Keller
RE/MAX
52 Total Sales
-
Gary Kooba
Buyer's Agent in 2018
Gary Kooba
Vista Sotheby’s International Realty
(310) 722-2007
14 in this area
118 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23065950
APN: 7541-022-002
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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