NOT LISTED FOR SALE

1988 W General St Rancho Palos Verdes, CA 90275

Estimated Value: $1,100,083 - $1,522,000

3 Beds
2 Baths
1,367 Sq Ft
$920/Sq Ft Est. Value

Last Sold February 15, 2017

Last sale price $789,000 $577 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $7,518/month

65 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Recessed Lighting
  • Park Western Place Elementary School Rated 10
  • Crown Molding
  • Laundry Room

About This Home

As of February 2017

Reduced! Gorgeous Remodeled 3bd 2ba in RPV in the Palos Verdes School District! This modern house features all new hardwood floors throughout and carpet in the bedrooms. Open kitchen floor plan with new cabinets and quartz counter tops with all new stainless steel appliances, fireplace in living room, crown molding, new doors and the list goes on. The bathrooms are completely remodeled the guest bath has a new vanity, jacuzzi tub and all new tile, there is double shower in master bath with all marble tile and new vanity with double sink. New electrical with new panel and upgraded plumbing. The roof is brand new too with 50 yr warranty. There is new landscaping with new irrigation system with timer and large backyard. There is also a 2 car detached garage with new sectional roll up door with opener. Must see to appreciate

Last Agent to Sell the Property

Armando Mendoza

West Shores Realty, Inc. License #01280264 Listed on: 11/12/2016

Last Buyer's Agent

Victor Liu

Luxury PV Realty License #01454468

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,239

Year Built

  • Built in 1955

Lot Details

  • 6,852 Sq Ft Lot
  • Sprinkler System
  • Private Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned RPRS-4*

Parking

  • 2 Car Garage

Interior Spaces

  • 1,367 Sq Ft Home
  • Crown Molding
  • Recessed Lighting
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Outdoor Features

  • Exterior Lighting

Schools

  • Dapplegray Elementary School
  • Miraleste Middle School
  • Peninsula High School

Utilities

  • Central Heating
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7557
  • Tax Tract Number 37
  • Assessor Parcel Number 7557037008

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,239

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: RPRS-4*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7557037008
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1367.00 Square Feet
  • Interior Amenities: Crown Molding, Recessed Lighting
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 577.18
  • Room Type: Laundry, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Refrigerator
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • Elementary School: Dapplegray
  • High School: Peninsula
  • Middle Or Junior School: Miraleste
  • Elementary School #2: DAPPLE
  • High School2: PENINS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Sprinkler System, Yard
  • Lot Size Sq Ft: 6852.00

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Census Tract: 6707.01
  • Tax Lot: 7557
  • Tax Tract Number: 037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2019
Sold by
Yu Wei and Hu Jinli
Bought by
Yu Wei and Wei Yu Family Trust
Current Estimated Value
$1,257,271

Purchase Details

Listed on
Nov 12, 2016
Closed on
Feb 3, 2017
Sold by
Coastal Holdings Llc
Bought by
Yu Wei and Hu Jinti
Seller's Agent
Armando Mendoza
West Shores Realty, Inc.
Buyer's Agent
Victor Liu
Luxury PV Realty
List Price
$825,000
Sold Price
$789,000
Premium/Discount to List
-$36,000
-4.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$435,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2016
Closed on
Aug 16, 2016
Sold by
Wells Fargo Bank Na
Bought by
Coastal Holdings Llc
Seller's Agent
Laura Roman
Boardwalk Properties
Buyer's Agent
Guadalupe Guevara
West Shores Realty, Inc.
List Price
$665,600
Sold Price
$626,000
Premium/Discount to List
-$39,600
-5.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.62%
Original Mortgage
$500,800
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2016
Sold by
Addleman Martin A and Addleman Susan R
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jun 28, 2004
Sold by
Li Paul Ching Hui
Bought by
Addleman Martin and Addleman Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 1998
Sold by
Li Paul C and Li James C
Bought by
Li Paul Ching Hui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,000
Interest Rate
6.95%

Purchase Details

Closed on
Feb 12, 1996
Sold by
Pung Julie Quan
Bought by
Li James Ching Fang

Purchase Details

Closed on
Nov 22, 1993
Sold by
Li Paul Ching Hui and Li James Ching Fang
Bought by
Li Paul Ching Hui and Li James Ching Fang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,150
Interest Rate
6.74%

Purchase Details

Closed on
Jul 13, 1993
Sold by
Li Linda Mae
Bought by
Li Paul Ching Hui

Purchase Details

Closed on
Jan 3, 1993
Sold by
Li Paul Ching Hui and Li James Ching Fang
Bought by
Li Paul Ching Hui and Li James Ching Fang
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
Yu Wei -- None Available
Yu Wei $789,000 Servicelink Title Company
Coastal Holdings Llc $626,000 Servicelink Title Company
Wells Fargo Bank Na $664,689 Accommodation
Addleman Martin $650,000 Security Union Title
Li Paul Ching Hui -- American Title Ins Co
Li James Ching Fang -- Old Republic Title Company
Li Paul Ching Hui -- World Title Company
Li Paul Ching Hui -- World Title Company
Li Paul Ching Hui -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yu Wei $435,000
Previous Owner Coastal Holdings Llc $500,800
Previous Owner Addleman Martin $520,000
Previous Owner Li Paul Ching Hui $227,000
Previous Owner Li Paul Ching Hui $203,150
Closed Addleman Martin $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2017 02/15/17 Sold $789,000 -1.3% $577 / Sq Ft
12/14/2016 12/14/16 Price Changed $799,000 -3.2% $584 / Sq Ft
11/12/2016 11/12/16 For Sale $825,000 +31.8% $604 / Sq Ft
08/26/2016 08/26/16 Sold $626,000 +4.5% $458 / Sq Ft View Prior Sale
08/12/2016 08/12/16 Pending -- -- --
08/02/2016 08/02/16 Price Changed $599,040 -10.0% $438 / Sq Ft
08/01/2016 08/01/16 For Sale $665,600 0.0% $487 / Sq Ft
07/18/2016 07/18/16 Pending -- -- --
07/05/2016 07/05/16 For Sale $665,600 -- $487 / 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 $11,239 $915,695 $732,559 $183,136
2024 $11,239 $897,742 $718,196 $179,546
2023 $10,942 $880,140 $704,114 $176,026
2022 $10,399 $862,883 $690,308 $172,575
2021 $10,288 $845,965 $676,773 $169,192
2019 $9,953 $820,875 $656,700 $164,175
2018 $9,868 $804,780 $643,824 $160,956
2016 $9,371 $765,368 $612,296 $153,072
2015 $9,125 $734,000 $585,200 $148,800
2014 $8,600 $676,000 $539,000 $137,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16745839

California Regional Multiple Listing Service (CRMLS)

APN: 7557-037-008