NOT LISTED FOR SALE

Estimated Value: $4,281,000 - $4,680,000

4 Beds
4 Baths
4,420 Sq Ft
$1,006/Sq Ft Est. Value

Last Sold March 12, 2024

Last sale price $4,500,000 $1,018 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $26,803/month

8 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • 0.5 Acre Lot
  • Montemalaga Elementary School Rated A+
  • Primary Bedroom Suite
  • 5-minute walk to George Allen Field

About This Home

As of March 2024

Beautiful canyon and ocean views from nearly every room in this lovely Monterey style residence! Situated on a quiet street in Monte Malaga, this home has ten French doors and an expansive second-story veranda which provide breathtaking views of sunsets year round. The open floor plan promotes easy flow between the dramatic foyer, the sun-drenched two story family room, the newly renovated kitchen, and the formal dining and living rooms. A perfect home for entertaining! Highlights of the impressive kitchen include: white shaker cabinets, nearly 9 foot marble island, marble backsplash, quartz countertops, Sub-Zero refrigerator, 6 burner Wolf range with oven, Bosch oven, microwave, and dishwasher. The first floor bedroom, with an adjacent bathroom and separate entrance, is ideal for guests. Upstairs is the primary bedroom with a fireplace, two walk-in closets, and a large master bathroom, including a separate walk-in shower and soaking tub. The two additional bedrooms on the second level have soaring ceilings and beautifully renovated en-suite bathrooms. The laundry room is conveniently located on the second floor. This home offers wide plank, French Oak hardwood flooring throughout, three gas fireplaces, a three car attached garage, two zone heating and air conditioning and new exterior paint. The spacious backyard accommodates two expansive Saltillo-tiled patios which overlook the canyon below and the ocean beyond.

Last Agent to Sell the Property

Catherine Ryang

Keller Williams South Bay License #02067711 Listed on: 02/22/2024

Keller Williams South Bay

Last Buyer's Agent

Lynn Nakasato-Aglipay

Compass License #01424996

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,924

Year Built

  • Built in 1984

Lot Details

  • 0.5 Acre Lot
  • Drip System Landscaping
  • Front and Back Yard Sprinklers
  • Private Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned PVR1*

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors

Property Views

  • Ocean
  • Canyon

Home Design

  • Clay Roof

Interior Spaces

  • 4,420 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 7 / 2
  • Tax Tract Number 7334
  • Assessor Parcel Number 7541021007

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community
  • Park
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,924

Year Built

Built in 1984

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Washer and dryer, 2 wall mounted TVs
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7541021007
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4420.00 Square Feet
  • Stories: 2
  • Entry Location: Below ground level with steps
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room, Primary Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1018.10
  • Room Type: Family Room, Formal Entry, Kitchen, Laundry, Main Floor Bedroom, Primary Suite, Separate Family Room, Walk-In Closet

Exterior Features

  • View: Canyon, Ocean
  • Pool Private: No
  • Roof: Clay

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Upper Level, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Hiking, Park

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Yard
  • Lot Size Sq Ft: 21836.00
  • Lot Size Acres: 0.5013

Multi Family

  • Lease Considered: No
  • Lot Size Area: 21836.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 6703.26
  • Tax Lot: 7
  • Tax Tract Number: 7334

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Mar 4, 2024
Sold by
Chung Myong Jae and Chung Catherine S
Bought by
Lock And Key Holdings Llc
Seller's Agent
Catherine Ryang
Keller Williams South Bay
Buyer's Agent
Lynn Nakasato-Aglipay
Compass
List Price
$4,198,000
Sold Price
$4,500,000
Premium/Discount to List
$302,000
7.19%
Views
38
Current Estimated Value
$4,446,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,788
Avg. Annual Appreciation
-0.82%

Purchase Details

Listed on
Mar 23, 2016
Closed on
Jul 5, 2016
Sold by
Larkin John
Bought by
Chung Myong Jae and Ryang Catherine S
Seller's Agent
Chris Adlam
Vista Sotheby's International Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,499,000
Sold Price
$2,315,000
Premium/Discount to List
-$184,000
-7.36%

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
$1,852,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 7, 2010
Sold by
Davis Susan Strong
Bought by
Davis Susan Strong

Purchase Details

Closed on
Sep 26, 2006
Sold by
Davis Susan Strong
Bought by
Davis Susan Strong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 22, 1993
Sold by
Davis Susan Strong
Bought by
Davis Susan Strong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,000
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage
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
Lock And Key Holdings Llc $4,500,000 Lawyers Title Company
Chung Myong Jae $2,315,000 Lawyers Title
Davis Susan Strong -- Accommodation
Davis Susan Strong -- California Counties Title Co
Davis Susan Strong -- Accommodation
Davis Susan Strong -- Chicago Title Co
Davis Susan Strong -- --
Davis Susan Strong -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chung Myong J $148,000
Previous Owner Chung Myong Jae $1,852,000
Previous Owner Davis Susan Strong $135,000
Previous Owner Davis Susan Strong $1,450,000
Previous Owner Davis Susan Strong $1,700,000
Previous Owner Davis Susan Strong $641,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2024 03/12/24 Sold $4,500,000 +7.2% $1,018 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $4,198,000 -6.7% $950 / Sq Ft
02/29/2024 02/29/24 Off Market $4,500,000 -- --
02/22/2024 02/22/24 For Sale $4,198,000 +81.3% $950 / Sq Ft
08/03/2016 08/03/16 Sold $2,315,000 -7.4% $524 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
06/04/2016 06/04/16 For Sale $2,499,000 0.0% $565 / Sq Ft
04/25/2016 04/25/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $2,499,000 -- $565 / 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 $30,924 $4,590,000 $3,243,600 $1,346,400
2024 $30,924 $2,634,070 $1,797,768 $836,302
2023 $30,419 $2,582,422 $1,762,518 $819,904
2022 $28,924 $2,531,787 $1,727,959 $803,828
2021 $28,906 $2,482,145 $1,694,078 $788,067
2020 $28,523 $2,456,695 $1,676,708 $779,987
2019 $27,684 $2,408,526 $1,643,832 $764,694
2018 $27,478 $2,361,300 $1,611,600 $749,700
2016 $17,719 $1,482,969 $793,177 $689,792
2015 $17,529 $1,460,694 $781,263 $679,431
2014 $17,272 $1,432,082 $765,960 $666,122
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24030543

California Regional Multiple Listing Service (CRMLS)

APN: 7541-021-007