NOT LISTED FOR SALE

Estimated Value: $3,999,000 - $4,398,000

6 Beds
5.5 Baths
5,451 Sq Ft
$764/Sq Ft Est. Value

Last Sold July 13, 2020

Last sale price $2,550,000 $468 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $24,753/month

422 Days on Market

Highlights

  • Ocean View
  • Private Pool
  • Corner Lot
  • Montemalaga Elementary School Rated A+
  • Main Floor Bedroom
  • 5-minute walk to George Allen Field

About This Home

As of July 2020

Ocean view contemporary design with stunning Spanish arches, this executive home features all the finer details for luxury living. Enclosed backyard features pool, spa, sauna room, a magnificent wall of waterfall, and built in BBQ station. Expansive floor plan features 6 bedrooms, 6 bathrooms, access from two staircases for privacy. Curving marble staircase, echoed by the rotunda style sky light above, creating a strong architectural statement upon entry. Living room with fire place, curving wall leads to family room with ocean view. Kitchen and breakfast area leads to an outdoor patio, where ocean view is finest at sunset. One bedroom suite downstairs, 5 bedrooms upstairs including master suite. Large corner lot located in a rare all flat area, across from the expansive George Allen Field, great for daily strolling, hiking, or jogging. Custom built in 1989, at 5,451 sqft, this home has the best per square footage value for its quality. In essence, ocean view home in a flat area is a rarity in the Palos Verdes area.

Last Agent to Sell the Property

Mingli Wang

Realty One Group United License #01866566 Listed on: 03/18/2019

Realty One Group United

Co-Listed By

Cynthia Chen

TopSky Realty Inc License #01954200

Last Buyer's Agent

Mingli Wang

Realty One Group United License #01866566 Listed on: 03/18/2019

Realty One Group United

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,995

Year Built

  • Built in 1989

Lot Details

  • 0.25 Acre Lot
  • Corner Lot
  • Property is zoned PVR1*

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 5,451 Sq Ft Home
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Main Level Bedroom

Additional Features

  • Private Pool
  • Suburban Location
  • Zoned Cooling

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 7334
  • Assessor Parcel Number 7541022010

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,995

Year Built

Built in 1989

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7541022010
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5451.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 467.80
  • Room Type: Family Room, Formal Entry, Living Room, Main Floor Bedroom, Master Bedroom

Exterior Features

  • View: Ocean
  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 11052.00
  • Lot Size Acres: 0.2537

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11052.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6703.26
  • Tax Lot: 10
  • Tax Tract Number: 7334

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2019
Closed on
May 26, 2020
Sold by
Ning Zhongjun and Liu Yan
Bought by
Ajami Dariush and Ajami Mina A
Seller's Agent
Mingli Wang
Realty One Group United
Buyer's Agent
Mingli Wang
Realty One Group United
List Price
$2,799,000
Sold Price
$2,550,000
Premium/Discount to List
-$249,000
-8.9%
Current Estimated Value
$4,166,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,616,054
Avg. Annual Appreciation
9.30%
Original Mortgage
$1,771,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2016
Closed on
May 12, 2017
Sold by
Ochi Gene Thomas
Bought by
Ning Zhongjun and Liu Yan
Seller's Agent
Chris Adlam
Vista Sotheby's International Realty
Buyer's Agent
Qiang Zhang
HARVEST REALTY DEVELOPMENT
List Price
$3,299,000
Sold Price
$2,950,000
Premium/Discount to List
-$349,000
-10.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.52%

Purchase Details

Closed on
Nov 8, 2007
Sold by
Ochi Gene
Bought by
Ochi Gene Thomas and Ochi Mary Sharlene

Purchase Details

Closed on
May 11, 1998
Sold by
Ba Properties Inc
Bought by
Ochi Gene and Ochi Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$876,075
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 1997
Sold by
Kashyap Anil
Bought by
Ba Properties Inc

Purchase Details

Closed on
Dec 8, 1995
Sold by
Baray Cesar
Bought by
Kashyap Anil and Kashyap Neera
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ajami Dariush $2,550,000 Chicago Title Company
Ning Zhongjun $2,950,000 Lawyers Title
Ochi Gene Thomas -- None Available
Ochi Gene -- None Available
Ochi Gene $1,250,000 Old Republic Title Company
Ba Properties Inc $770,000 First American Title Ins Co
Kashyap Anil -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ajami Dariush $1,771,000
Previous Owner Ochi Gene $876,075
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2020 07/13/20 Sold $2,550,000 -5.5% $468 / Sq Ft
05/13/2020 05/13/20 Pending -- -- --
03/05/2020 03/05/20 Price Changed $2,699,000 -3.6% $495 / Sq Ft
02/19/2020 02/19/20 For Sale $2,799,000 0.0% $513 / Sq Ft
12/12/2019 12/12/19 Pending -- -- --
09/01/2019 09/01/19 Price Changed $2,799,000 -1.7% $513 / Sq Ft
03/18/2019 03/18/19 For Sale $2,848,000 -3.5% $522 / Sq Ft
05/22/2017 05/22/17 Sold $2,950,000 -7.8% $541 / Sq Ft
10/13/2016 10/13/16 Price Changed $3,199,000 -3.0% $587 / Sq Ft
09/08/2016 09/08/16 For Sale $3,299,000 0.0% $605 / Sq Ft
09/11/2015 09/11/15 Rented $8,500 -15.0% --
08/24/2015 08/24/15 For Rent $10,000 -8.3% --
10/16/2013 10/16/13 Rented $10,900 +9.0% --
10/16/2013 10/16/13 For Rent $10,000 -- --
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 $31,995 $2,760,200 $1,840,134 $920,066
2024 $31,995 $2,706,079 $1,804,053 $902,026
2023 $31,480 $2,653,020 $1,768,680 $884,340
2022 $29,942 $2,601,000 $1,734,000 $867,000
2021 $29,916 $2,550,000 $1,700,000 $850,000
2020 $35,998 $3,130,563 $2,069,355 $1,061,208
2019 $34,930 $3,069,180 $2,028,780 $1,040,400
2018 $34,753 $3,009,000 $1,989,000 $1,020,000
2016 $18,922 $1,575,588 $959,032 $616,556
2015 $18,718 $1,551,922 $944,627 $607,295
2014 $18,437 $1,521,523 $926,124 $595,399
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19059949

California Regional Multiple Listing Service (CRMLS)

APN: 7541-022-010