NOT LISTED FOR SALE

1508 Via Castilla Palos Verdes Estates, CA 90274

Estimated Value: $3,801,403 - $5,088,000

5 Beds
4.5 Baths
5,009 Sq Ft
$896/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $3,850,000 $769 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $27,543/month

61 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Home Theater
  • Vista Grande Elementary Rated A+
  • Wine Cellar
  • Filtered Pool

About This Home

As of August 2022

Huge Price Reduction!! BEST DEAL in PVE! $798/sqft for a beautifully remodeled home in Lunada Bay with panoramic ocean/Malibu/Catalina views! The wrought iron double glass doors open to an elegant formal foyer with travertine floor that extends to living room, formal dining room and reception/entertainment area. Spacious living room with vaulted ceiling, a cozy fireplace and gorgeous ocean/Malibu views. Gourmet kitchen w/center island, granite countertops, custom cabinets, built-in Subzero, wine and beverage refrigerators, instant hot/cold filtered water and top of the line appliances. In addition, there is a breakfast countertop seating! A large open family room w/vaulted high ceilings, fireplace and hardwood floors next to the kitchen and breakfast area. French doors open to an over 1000 sqft wrap-around balcony with outdoor eating to enjoy the gorgeous ocean/Catalina/Malibu views! All living areas are on ONE LEVEL except the home theater with a bathroom, wine cellar and garage downstairs. Primary bedroom with tastefully remodeled bathroom that has dual-shower stall and Jacuzzi tub. French doors in almost all rooms open to the backyard with sparkling saltwater pool that offers water features with color changing lights, a private spa and water fountain. Beautifully landscaped front and backyard with water saving turf grass. 2 laundry rooms. 2 A/Cs & furnaces. Central vacuum system. Hardwired CAT5 and coaxial cable to all rooms. Security system. LED recessed lights throughout the house. This house has everything you're looking for. Excellent P. V. Schools. Close to world renowned Terranea Resort, Palos Verdes Beach & Athletic Club, private and public golf courses, shopping centers w/ restaurants and movie theater, parks and hiking trails...etc. PV Peninsula offers the best climate and lifestyle you can ask for! https://www.seetheproperty.com/u/418136

Last Agent to Sell the Property

Jackie Wang-Dojiri

Estate Properties License #01097324 Listed on: 06/16/2022

Estate Properties

Last Buyer's Agent

Lynn Kim

Vista Sotheby's International Realty License #01476216

Vista Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,091

Year Built

  • Built in 1982 | Remodeled

Lot Details

  • 0.35 Acre Lot
  • Landscaped
  • Front and Back Yard Sprinklers
  • Garden
  • Back and Front Yard
  • Property is zoned PVR1*

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Coastline
  • Catalina

Interior Spaces

  • 5,009 Sq Ft Home
  • 1-Story Property
  • Stair Climber
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Storage
  • Utility Room
  • Finished Basement

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Self-Closing Drawers

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Filtered Pool
  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Schools

  • Lunada Bay Elementary School

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 27438
  • Assessor Parcel Number 7543005049

Community Details

Overview

  • No Home Owners Association
  • Property is near a preserve or public land

Recreation

  • Golf Course Community
  • Park
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,091

Year Built

Built in 1982 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
  • Subdivision Name Other: Lunada Bay
  • View: Yes
  • Zoning: PVR1*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7543005049
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5009.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, High Ceilings, Recessed Lighting, Stair Climber, Storage
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 768.62
  • Room Type: Family Room, Formal Entry, Foyer, Home Theatre, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Office, Separate Family Room, Two Masters, Utility Room, Walk-In Closet, Wine Cellar
  • Bathroom Features: Bathtub, Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen, Self-Closing Drawers
  • Basement: Finished

Exterior Features

  • Exterior Features: Barbecue Private, Lighting, Rain Gutters
  • View: Catalina, Coastline, Ocean
  • Pool Features: Private, Filtered, In Ground, Salt Water
  • Pool Private: Yes

Garage/Parking

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

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Golf, Hiking, Park, Preserve/Public Land, Storm Drains

Schools

  • School District: Palos Verdes Peninsula Unified
  • Elementary School: Lunada Bay
  • Elementary School: Lunada Bay
  • Elementary School #2: LUNBAY

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 15183.00
  • Lot Size Acres: 0.3486

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15183.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6703.28
  • Tax Lot: 48
  • Tax Tract Number: 27438

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2007
Sold by
Ciotti Richard and Ciotti Tammi
Bought by
Chang Stanley
Current Estimated Value
$4,486,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2006
Sold by
Ciotti Richard and Ciotti Tammi
Bought by
Ciotti Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 17, 2004
Sold by
Lin Hilor Jeng Hong and Lin Grace Shuel Chin
Bought by
Ciotti Rich

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%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2000
Sold by
And Jennifer Wang Trust Wang Adam M And Jenni
Bought by
Lin Hilor Jeng Hong
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
Chang Stanley $2,891,000 Progressive Title Co Inc
Ciotti Richard -- Fidelity National Financial
Ciotti Rich $1,760,000 Progressive-Equity Title Co
Lin Hilor Jeng Hong $1,505,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chang Stanley $1,500,000
Previous Owner Ciotti Richard $1,500,000
Previous Owner Ciotti Rich $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $3,850,000 -3.7% $769 / Sq Ft
07/29/2022 07/29/22 Price Changed $3,998,000 -6.6% $798 / Sq Ft
06/16/2022 06/16/22 For Sale $4,280,000 -- $854 / 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 $45,091 $4,005,539 $2,955,256 $1,050,283
2024 $45,091 $3,927,000 $2,897,310 $1,029,690
2023 $44,394 $3,850,000 $2,840,500 $1,009,500
2022 $41,270 $3,695,528 $2,513,662 $1,181,866
2021 $41,239 $3,623,068 $2,464,375 $1,158,693
2020 $40,687 $3,585,919 $2,439,106 $1,146,813
2019 $39,466 $3,515,608 $2,391,281 $1,124,327
2018 $39,178 $3,446,676 $2,344,394 $1,102,282
2016 $28,877 $2,529,000 $1,712,900 $816,100
2015 $28,983 $2,529,000 $1,712,900 $816,100
2014 $27,512 $2,383,000 $1,614,000 $769,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV22127196

California Regional Multiple Listing Service (CRMLS)

APN: 7543-005-049