NOT LISTED FOR SALE

1620 Espinosa Cir Palos Verdes Estates, CA 90274

Estimated Value: $4,264,402 - $4,850,000

5 Beds
5.5 Baths
4,000 Sq Ft
$1,117/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $3,800,000 $950 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $27,409/month

130 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Updated Kitchen
  • Lunada Bay Elementary School Rated A+
  • Primary Bedroom Suite
  • 5-minute walk to Rico Place Park

About This Home

As of September 2021

Welcome to our latest New Construction project located in beautiful Upper Lunada Bay showcasing jaw dropping ocean, Catalina Island, and city views. This 4000 sq.ft. (BTV) 5 bedroom, 5.5 bath Modern Farmhouse impresses upon entry with a massive driveway apron in front of the 3-car garage for convenient off-street parking. Walk-up the steps to the ocean view balcony that leads to a sun-drenched entryway that ushers you towards 4 luxurious en-suite bedrooms. The ocean facing Master Suite offers a spa-like bathroom with dual sinks, free-standing soaking tub & steam shower, plus a huge walk-in closet and private access to the balcony. Venture upstairs and walk into a magnificent Great Room featuring a fully equipped Gourmet Kitchen that opens to the dining & living areas. Folding La Cantina doors off the front Formal Living Room create a seamless transition to the expansive outdoor entertainment area complete with ocean views, built-in BBQ & a free-standing fireplace. This top floor also includes a separate Bonus Family Room that leads to the large backyard and is perfect for the family or young ones to hang out for movie night! The 5th en-suite bedroom on this floor also works as an additional office space or guest room. Gas fireplaces are included in both living and family rooms along with 3 separate HVAC units to keep everyone comfortable year-round. This exquisite home takes today's modern luxurious PV lifestyle to the next level, and it is yours for the taking!

Last Agent to Sell the Property

Gary Kooba

Vista Sotheby’s International Realty License #00578697 Listed on: 04/02/2021

Last Buyer's Agent

Brittney Austin

Vista Sotheby’s International Realty License #01799654

Vista Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,990

Year Built

  • Built in 2021

Lot Details

  • 0.28 Acre Lot
  • Back and Front Yard
  • Property is zoned PVR1YY

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage

Property Views

  • Ocean
  • Catalina
  • Panoramic

Home Design

  • Traditional Architecture
  • Turnkey

Interior Spaces

  • 4,000 Sq Ft Home
  • 3-Story Property
  • Beamed Ceilings
  • Gas Fireplace
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Bonus Room
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 4 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Deck
  • Patio
  • Outdoor Fireplace
  • Front Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 1 / 1374
  • Tax Tract Number 6889
  • Assessor Parcel Number 7541031019

Community Details

Overview

  • No Home Owners Association

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,990

Year Built

Built in 2021

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1YY
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7541031019
  • Year Built: 2021
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 4000.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Pantry
  • Stories: 3
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Area, In Kitchen
  • Entry Level: 2
  • Fireplace Features: Family Room, Living Room, Outside, Gas
  • Levels: Three Or More
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 950.00
  • Room Type: Bonus Room, Family Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Separate Family Room, Walk-In Closet, Walk-In Pantry
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Quartz Counters, Remodeled Kitchen, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Catalina, Ocean, Panoramic
  • Patio And Porch Features: Deck, Patio, Porch, Front Porch
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Front
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator
  • Heating Type: Central, Electric, Fireplace(s)
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Golf, Hiking, Horse Trails

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12000.00
  • Lot Size Acres: 0.2755

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12000.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 1374
  • Tax Census Tract: 6703.26
  • Tax Lot: 1
  • Tax Tract Number: 6889

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Aug 23, 2021
Sold by
Milton Street Res Acquisitions Inc
Bought by
Wilhelm Jeffrey S and Hsieh Hui I
Seller's Agent
Gary Kooba
Vista Sotheby’s International Realty
Buyer's Agent
Brittney Austin
Vista Sotheby’s International Realty
List Price
$4,495,000
Sold Price
$3,800,000
Premium/Discount to List
-$695,000
-15.46%
Total Days on Market
130
Current Estimated Value
$4,342,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,303
Avg. Annual Appreciation
4.24%
Original Mortgage
$2,660,000
Outstanding Balance
$2,425,672
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$2,042,679

Purchase Details

Closed on
Feb 3, 2018
Sold by
Kelven Douglas and Kelven Caudace
Bought by
Milton Street Residential Acquisitions I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
4.4%
Mortgage Type
Unknown

Purchase Details

Listed on
Jul 24, 2014
Closed on
Sep 16, 2014
Sold by
Haltom Steve B and Haltom Amie Roe
Bought by
Kleven Douglas and Kleven Candace
Seller's Agent
Miles Evans
Park Estates Realty
Buyer's Agent
Miles Evans
Park Estates Realty
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.30%
Original Mortgage
$805,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 9, 2011
Closed on
Apr 13, 2012
Sold by
Malczewski Stefan and Malczewski Aleta
Bought by
Haltom Steve B and Haltom Amie Roe
Seller's Agent
Teri Hawkins
Strand Hill Properties
Buyer's Agent
Miles Evans
Park Estates Realty
List Price
$1,495,000
Sold Price
$1,010,000
Premium/Discount to List
-$485,000
-32.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%
Original Mortgage
$959,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2006
Sold by
Norton Ann and Cleary Mary
Bought by
Malczewski Stefan and Malczewski Aleta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 1998
Sold by
Mcmasters Dorothy H
Bought by
Mcmasters Dorothy H
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
Wilhelm Jeffrey S $3,800,000 Stewart Title Of Ca Inc
Milton Street Residential Acquisitions I $1,537,000 None Available
Kleven Douglas $1,150,000 North American Title Co
Haltom Steve B $1,010,000 Progressive Title Company
Malczewski Stefan $1,137,500 First American Title Co
Mcmasters Dorothy H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilhelm Jeffrey S $2,660,000
Previous Owner Milton Street Residential Acquisitions I $235,000
Previous Owner Milton Street Residential Acquisitions I $2,429,600
Previous Owner Milton Street Residential Acquisitions I $625,000
Previous Owner Milton Street Residential Acquisitions I $1,085,000
Previous Owner Kleven Douglas $805,000
Previous Owner Haltom Steve B $959,500
Previous Owner Malczewski Stefan $910,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $3,800,000 -5.0% $950 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
07/12/2021 07/12/21 Price Changed $3,999,999 -11.0% $1,000 / Sq Ft
05/07/2021 05/07/21 For Sale $4,495,000 +18.3% $1,124 / Sq Ft
04/02/2021 04/02/21 Off Market $3,800,000 -- --
04/02/2021 04/02/21 For Sale $4,495,000 +290.9% $1,124 / Sq Ft
10/08/2014 10/08/14 Sold $1,150,000 -2.5% $718 / Sq Ft
08/12/2014 08/12/14 Pending -- -- --
08/08/2014 08/08/14 Price Changed $1,179,000 -5.7% $736 / Sq Ft
07/24/2014 07/24/14 For Sale $1,250,000 +23.8% $780 / Sq Ft
05/22/2012 05/22/12 Sold $1,010,000 -3.7% $630 / Sq Ft
04/04/2012 04/04/12 Pending -- -- --
02/28/2012 02/28/12 Price Changed $1,049,000 -4.5% $655 / Sq Ft
01/17/2012 01/17/12 Price Changed $1,099,000 -2.3% $686 / Sq Ft
11/29/2011 11/29/11 Price Changed $1,124,900 -2.1% $702 / Sq Ft
09/09/2011 09/09/11 Price Changed $1,149,500 -23.1% $718 / Sq Ft
09/09/2011 09/09/11 For Sale $1,495,000 -- $933 / 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 $44,990 $4,032,590 $2,122,416 $1,910,174
2024 $44,990 $3,953,520 $2,080,800 $1,872,720
2023 $44,289 $3,876,000 $2,040,000 $1,836,000
2022 $42,057 $3,800,000 $2,000,000 $1,800,000
2021 $18,874 $1,615,659 $1,292,528 $323,131
2020 $18,621 $1,599,093 $1,279,275 $319,818
2019 $18,071 $1,567,740 $1,254,192 $313,548
2018 $14,427 $1,214,704 $971,764 $242,940
2016 $13,700 $1,167,537 $934,030 $233,507
2015 $13,555 $1,150,000 $920,000 $230,000
2014 $12,440 $1,034,876 $827,901 $206,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21052879

California Regional Multiple Listing Service (CRMLS)

APN: 7541-031-019