NOT LISTED FOR SALE

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

Last Sold January 10, 2024

Last sale price $5,300,000 $737 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $38,222/month

166 Days on Market

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 2024

Welcome 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.

Last Agent to Sell the Property

Lauren Forbes

Compass License #01295248 Listed on: 05/22/2023

Compass

Co-Listed By

Roma Barba

Compass License #01359711

Last Buyer's Agent

Rodman Amiri

Merit Real Estate License #01760226

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,377

Year Built

Built in 1990

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7541022002
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7194.00 Square Feet
  • Stories: 3
  • Entry Location: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 7
  • Full And Three Quarter Bathrooms: 7
  • Total Bedrooms: 6
  • Entry Level: 2
  • Fireplace Features: Game Room, Kitchen, Primary Bedroom, Gas, Fire Pit, Raised Hearth
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 736.73
  • Room Type: All Bedrooms Up, Attic, Foyer, Galley Kitchen, Game Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Primary Suite, Sauna, Utility Room, Walk-In Closet, Walk-In Pantry

Exterior Features

  • View: Catalina, Coastline, Ocean, Pool, Water
  • Pool Features: Private, Gunite, Heated, Gas Heat, In Ground, Tile
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Gas, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Foothills, Gutters, Storm Drains, Suburban

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Lot 10000-19999 Sqft, Park Nearby, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 18822.00
  • Lot Size Acres: 0.4321

Multi Family

  • Lease Considered: No
  • Lot Size Area: 18822.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 6703.26
  • Tax Lot: 2
  • Tax Tract Number: 7334
  • TaxOtherAnnualAssessmentAmount: 3032.00

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
$5,994,904

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
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 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

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
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23065950

California Regional Multiple Listing Service (CRMLS)

APN: 7541-022-002