1506 Via Arco Palos Verdes Estates, CA 90274
Estimated Value: $3,893,000 - $4,802,000
5
Beds
4
Baths
3,228
Sq Ft
$1,366/Sq Ft
Est. Value
Highlights
- Ocean View
- Filtered Pool
- 34,729 Sq Ft lot
- Montemalaga Elementary School Rated A+
- Updated Kitchen
- 3-minute walk to Coronel Plaza
About This Home
As of March 2018This one of a kind rare 5 bedroom, 4 bath home has been meticulously designed for family life as well as entertaining with two wings attached to a central common area that includes an impressive entry, grand living room, quaint dining room, rich and warm library and spacious open kitchen. Its exotic and welcoming "Out of Africa" decor with its highly functional indoor/outdoor design offers a relaxing home lifestyle that is intriguing to both visitors and homeowners alike. The nearly 1 acre flat high utility land punctuates the rarity of this Monte Malaga home in the heart of Palos Verdes Estates. Original owner lovingly implemented three major remodels over their years of ownership maintaining the quality and high standards exhibited in this home. This lot was hand picked on which to build due to its high point (1005 foot elevation), its flat land, the unfolding grand entrance and the structure deliberately built on grade bedrock for safety and stability. Many Palos Verdes Estates homes are on lots restricted from 2nd story additions; not so this property. When viewing the home take special note of the seven skylights filling the volume of space with light, the motor court and majestic entryway organically leading to an architectural in line view to the back yard and pool giving an expansive feeling of space and continuity. Note the exquisite hand finished features, rich cherry woods, natural stone accents imported exotic woods and more. Request full feature list today
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $38,549
Year Built
- Built in 1969
Lot Details
- 0.8 Acre Lot
- Wrought Iron Fence
- Stucco Fence
- Landscaped
- Irregular Lot
- Front and Back Yard Sprinklers
- Private Yard
- Lawn
- Garden
- Back and Front Yard
- Property is zoned PVR1YY
Parking
- 3 Car Garage
- Up Slope from Street
Property Views
- Ocean
- Peek-A-Boo
Home Design
- Mediterranean Architecture
- Turnkey
- Pillar, Post or Pier Foundation
- Fire Rated Drywall
- Spanish Tile Roof
- Board and Batten Siding
- Concrete Perimeter Foundation
- Copper Plumbing
- Stucco
Interior Spaces
- 3,228 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Central Vacuum
- Wired For Data
- Built-In Features
- Dry Bar
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Formal Entry
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room
- Home Office
- Library
- Storage
- Center Hall
- Attic Fan
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Self-Cleaning Convection Oven
- Electric Oven
- Built-In Range
- Ice Maker
- Dishwasher
- Kitchen Island
- Corian Countertops
- Tile Countertops
- Pots and Pans Drawers
- Self-Closing Drawers and Cabinet Doors
- Utility Sink
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Main Level Bedrooms
- Walk-In Closet
- Dressing Area
- Remodeled Bathroom
- 4 Full Bathrooms
- Tile Bathroom Countertop
- Makeup or Vanity Space
- Dual Sinks
- Dual Vanity Sinks in Primary Bathroom
- Hydromassage or Jetted Bathtub
- Separate Shower
- Exhaust Fan In Bathroom
- Linen Closet In Bathroom
- Closet In Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Accessible Home Design
- Halls are 48 inches wide or more
Pool
- Filtered Pool
- Heated In Ground Pool
- In Ground Spa
- Gunite Pool
- Waterfall Pool Feature
- Fence Around Pool
Outdoor Features
- Patio
- Front Porch
Location
- Property is near a park
- Suburban Location
Utilities
- Central Heating
- Natural Gas Connected
- Gas Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 8043
- Assessor Parcel Number 7544023008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 8, 2020
Sold by
Yue Brian Wen Cheng and Yue Andrea Chun
Bought by
Yue Brian Wen Cheng and Yue Andrea Chun
Total Days on Market
7
Current Estimated Value
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
3.1%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 1, 2020
Sold by
Yue Brian Wen Cheng and Yue Andrea Chun
Bought by
Yue Brian Wen Cheng and Yue Andrea Chun
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
3.1%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Jan 7, 2018
Closed on
Jan 16, 2018
Sold by
Campion Campion S
Bought by
Yue Brian Wen Chen and Yue Andrea Ghun Yei
Seller's Agent
George Fotion
Call Realty
Buyer's Agent
George Fotion
Call Realty
List Price
$2,999,000
Sold Price
$2,925,000
Premium/Discount to List
-$74,000
-2.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.10%
Original Mortgage
$825,000
Interest Rate
4.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 10, 2012
Sold by
Campion S Frank
Bought by
Campion S Frank and Campion Jacqueline Blanc
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yue Brian Wen Cheng | -- | None Available | |
| Yue Brian Wen Cheng | -- | First American Title | |
| Yue Brian Wen Chen | $2,925,000 | First American Title Company | |
| Campion S Frank | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Yue Brian Wen Cheng | $785,000 | |
| Closed | Yue Brian Wen Cheng | $1,000,000 | |
| Closed | Yue Brian Wen Chen | $825,000 | |
| Previous Owner | Campion S Frank | $160,000 | |
| Previous Owner | Campion S Frank | $250,000 | |
| Previous Owner | Campion S Frank | $202,000 | |
| Previous Owner | Campion Frank | $400,000 | |
| Previous Owner | Campion S Frank | $400,000 | |
| Previous Owner | Campion S Frank | $100,000 | |
| Previous Owner | Campion S Frank | $100,000 | |
| Previous Owner | Campion S Frank | $154,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/01/2018 03/01/18 | Sold | $2,925,000 | -2.5% | $906 / Sq Ft |
| 01/14/2018 01/14/18 | Pending | -- | -- | -- |
| 01/07/2018 01/07/18 | For Sale | $2,999,000 | -- | $929 / 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 | $38,549 | $3,349,678 | $2,398,363 | $951,315 |
| 2023 | $36,930 | $3,198,912 | $2,351,337 | $847,575 |
| 2022 | $35,086 | $3,136,189 | $2,305,233 | $830,956 |
| 2021 | $35,071 | $3,074,696 | $2,260,033 | $814,663 |
| 2020 | $34,602 | $3,043,170 | $2,236,860 | $806,310 |
| 2019 | $33,565 | $2,983,500 | $2,193,000 | $790,500 |
| 2018 | $4,524 | $291,523 | $88,109 | $203,414 |
| 2016 | $4,268 | $280,205 | $84,689 | $195,516 |
| 2015 | $4,216 | $275,997 | $83,417 | $192,580 |
| 2014 | $4,561 | $270,591 | $81,783 | $188,808 |
Source: Public Records
Agents Affiliated with this Home
-
George Fotion
Seller's Agent in 2018
George Fotion
Call Realty
(424) 226-2147
11 in this area
49 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV18002157
APN: 7544-023-008
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