NOT LISTED FOR SALE

Estimated Value: $2,963,857 - $4,248,000

5 Beds
4.5 Baths
4,189 Sq Ft
$826/Sq Ft Est. Value

Last Sold January 25, 2023

Last sale price $2,665,000 $636 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $21,563/month

128 Days on Market

Highlights

  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Two Story Ceilings
  • Montemalaga Elementary School Rated A+
  • Property is near a park
  • Wood Flooring

About This Home

As of January 2023

This beautiful executive home is located in one of the most desirable communities - Wallace Ranch, which is centrally located and close to schools, shopping and parks on the beautiful PV Peninsula. This bright and airy estate is constantly updated and maintained, including new interior paint, new plush carpet & wood flooring, newer electrical panel and tankless water heater, newer dual zoned HVACs & air ducts as well as newer interior water pipes (detail list in Supplements). It also boasts a luxury and functional floorplan that will please the most selective buyers. Upon entry is a foyer with sweeping staircase and soaring ceilings. ON THE MAIN LEVEL, the spacious Living Room has a fireplace and French doors opening to the covered porch & backyard. The Formal Dining Room has large picture windows to take in the view from the greenery outside. It is adjacent to the Gourmet Kitchen, which has a large center island with breakfast bar, double dishwashers, 3 ovens + microwave, and a beautiful breakfast nook. There is also a large Family Room with a fireplace and wet bar, and door that opens to the grassy backyard. The Bedroom En-Suite with a Full Bathroom on this main level can be used as a private guest or in-laws quarter. In addition, there is a Powder Room that opens to a cute Bonus Room, which is perfect for a work area, gym, craft room, playroom or any creative use your heart desires. A large Laundry Room is also readily available with a sink and plenty of storage cabinets. ON THE UPPER LEVEL is a LUXURY PRIMARY SUITE that has a very spacious sitting area and a cozy fireplace for your ultimate relaxation. Its huge Primary Bathroom has 2 separate vanity and toilet areas and share a soaking bathtub and shower. Both have door that leads to the large walk-in closet. There is an additional Bedroom En-Suite with a large balcony, walk in closet, extra closet area and bathroom with double sink and separate tub & shower. Meanwhile, 2 other good size BEDROOMS share a Jack and Jill Bathroom with double sink vanity and a privacy door for the bath & toilet area. Don't miss a great opportunity to own this charming estate on the sought-after PV Peninsula with great school system and all the outdoor activities this community has to offer.

Last Agent to Sell the Property

Stephen Haw

Keller Williams Palos Verdes License #00808646 Listed on: 07/29/2022

Keller Williams Palos Verdes

Last Buyer's Agent

Tania Peterson

Vista Sotheby's International Realty License #01879653

Vista Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,765

Year Built

  • Built in 1990

Lot Details

  • 10,061 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Back and Front Yard
  • Property is zoned RPRS10000*

HOA Fees

  • $153 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Driveway Level

Home Design

  • Planned Development

Interior Spaces

  • 4,189 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Two Story Ceilings
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • Tile Bathroom Countertop
  • Bidet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Concrete Porch or Patio

Location

  • Property is near a park
  • Suburban Location

Schools

  • Monte Malaga Elementary School
  • Ridgecrest Middle School
  • Peninsula High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 44514
  • Assessor Parcel Number 7585013027

Community Details

Overview

  • Wallace Ranch HOA, Phone Number (310) 370-2696
  • Scott Management HOA

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,765

Year Built

Built in 1990

Lot Details

0

HOA Fees

$153 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Wallace Ranch
  • View: Yes
  • Zoning: RPRS10000*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7585013027
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4189.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Granite Counters, High Ceilings, In-Law Floorplan, Recessed Lighting, Sunken Living Room, Tile Counters, Two Story Ceilings, Wet Bar
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Gas
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 636.19
  • Room Type: Bonus Room, Entry, Foyer, Jack & Jill, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite, Separate Family Room, Walk-In Closet
  • Window Features: Blinds, Double Pane Windows, Skylight(s)
  • Bathroom Features: Bathtub, Bidet, Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Hollywood Bathroom (Jack&Jill), Jetted Tub, Main Floor Full Bath, Privacy Toilet Door, Separate Tub And Shower, Tile Counters
  • Room Kitchen Features: Granite Counters, Kitchen Island

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Concrete, Patio Open
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Concrete, Driveway Level, Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Electric Cooktop, Disposal, Microwave, Recirculated Exhaust Fan, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Water Line to Refrigerator
  • Heating Type: Central, Fireplace(s), Forced Air, Natural Gas, Zoned
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Playground, Call for Rules
  • Association Fee: 460.00
  • Association Fee Frequency: Quarterly
  • Association Name: Wallace Ranch HOA
  • Phone: 310-370-2696
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Suburban
  • Association Management: Scott Management

Schools

  • School District: Palos Verdes Peninsula Unified
  • Elementary School: Monte Malaga
  • Middle School: Ridgecrest
  • High School: Peninsula
  • Elementary School: Monte Malaga
  • High School: Peninsula
  • Middle Or Junior School: Ridgecrest
  • Elementary School #2: MONMAL
  • High School2: PENINS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Landscaped, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Park Nearby
  • Lot Size Sq Ft: 10061.00
  • Lot Size Acres: 0.2310

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 10061.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6704.07
  • Tax Lot: 22
  • Tax Tract Number: 44514

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Dec 8, 2022
Sold by
Chang Family Trust
Bought by
Yu Family Trust
Seller's Agent
Stephen Haw
Keller Williams Palos Verdes
Buyer's Agent
Tania Peterson
Vista Sotheby's International Realty
List Price
$3,000,000
Sold Price
$2,665,000
Premium/Discount to List
-$335,000
-11.17%
Views
53
Current Estimated Value
$3,458,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$793,714
Avg. Annual Appreciation
4.24%
Original Mortgage
$1,998,750
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2022
Sold by
Choi Chan Andrew Heung
Bought by
Chang Carol Ying

Purchase Details

Closed on
Jun 22, 2021
Sold by
Chang Ping
Bought by
Chang Ping and Hsu Cheng Ling

Purchase Details

Closed on
Jan 19, 2021
Sold by
Chang Carol Ying
Bought by
Chang Ping and Chang Chan Yeu

Purchase Details

Closed on
Oct 9, 2008
Sold by
Chang Jyh Yuan and Chang Liu Hui Chen
Bought by
Chang Jyh Yuan and Chang Liu Hui Chen
Source: Public Records

Range of Values:

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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 Family Trust $1,937,727 Progressive Title
Chang Carol Ying -- Progressive Title
Chang Chan Yeu -- Progressive Title
Phan Chwang-Solina Chang -- Progressive Title
Chang Ping -- None Available
Chang Ping -- None Available
Chang Jyh Yuan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yu Family Trust $1,998,750
Previous Owner Chang Jyh Yuan $237,320
Previous Owner Chang Jyh Yuan $254,916
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2023 01/25/23 Sold $2,665,000 -4.7% $636 / Sq Ft
12/04/2022 12/04/22 Pending -- -- --
10/18/2022 10/18/22 Price Changed $2,795,000 -3.5% $667 / Sq Ft
08/13/2022 08/13/22 Price Changed $2,895,000 -3.5% $691 / Sq Ft
07/29/2022 07/29/22 For Sale $3,000,000 0.0% $716 / Sq Ft
01/29/2018 01/29/18 Rented $5,500 0.0% --
01/25/2018 01/25/18 Under Contract -- -- --
10/23/2017 10/23/17 Price Changed $5,500 +2.8% $1 / Sq Ft
10/23/2017 10/23/17 For Rent $5,350 -- --
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 $30,765 $2,772,665 $1,770,240 $1,002,425
2024 $30,765 $2,718,300 $1,735,530 $982,770
2023 $18,143 $1,559,437 $693,469 $865,968
2022 $17,227 $1,528,861 $679,872 $848,989
2021 $17,153 $1,498,885 $666,542 $832,343
2020 $16,914 $1,483,517 $659,708 $823,809
2019 $16,402 $1,454,429 $646,773 $807,656
2018 $16,271 $1,425,912 $634,092 $791,820
2016 $15,437 $1,370,544 $609,470 $761,074
2015 $15,373 $1,349,958 $600,316 $749,642
2014 $15,156 $1,323,515 $588,557 $734,958
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV22167105

California Regional Multiple Listing Service (CRMLS)

APN: 7585-013-027