NOT LISTED FOR SALE

2005 Palos Verdes Dr W Palos Verdes Estates, CA 90274

Estimated Value: $2,704,000 - $3,594,000

5 Beds
3.5 Baths
3,118 Sq Ft
$976/Sq Ft Est. Value

Last Sold May 12, 2016

Last sale price $1,890,000 $606 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $18,596/month

Highlights

  • All Bedrooms Downstairs
  • Peek-A-Boo Views
  • No HOA
  • Lunada Bay Elementary School Rated A+
  • Fireplace in Primary Bedroom
  • Walk-In Closet

About This Home

As of September 2017

Inside you're impressed by the drama of the staircase with Italian Murano glass light fixture, and lustrous Brazilian Cherry wood floors. Living Room is appointed with recessed lighting, crown moulding and gas fireplace. This room, as the rest of the home, is flooded in natural light boasting floor-to-ceiling Milgard dual-paned windows and doors. Live comfortably and entertain extravagantly. A Great Room, made up of Gourmet Kitchen with expansive island, Granite Counters, custom-built cabinets, and Electrolux gas range, which is fully open to Family Room with vaulted ceiling, finished beams, and integrated projection TV with Bose surround sound system. Downstairs find the powder-room, separate Laundry Room, AND a highly desired downstairs suite, with a deep walk-in closet and its own bath. Upstairs, 3 more spacious Bedrooms, a hall bath, built-in cabinets and main Master Bedroom. This Master Suite also has a master bath, an amazing walk-in closet that's a room unto itself, and lastly it's own private balcony patio. Steps to the Bluff, and minutes to Terranea, Trump Golf. Great schools.

Last Agent to Rent the Property

Jenny Cheung

Kingston Realty License #01420502 Listed on: 06/23/2017

Co-Listed By

AARON WANG

KINGSTON REALTY License #01960643

Last Renter's Agent

George Takis

West Shores Realty, Inc. License #01126091

West Shores Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,798

Year Built

  • Built in 1974

Lot Details

  • 8,593 Sq Ft Lot
  • Sprinkler System
  • Back and Front Yard

Parking

  • 3 Car Garage

Interior Spaces

  • 3,118 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Library with Fireplace
  • Peek-A-Boo Views
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Schools

  • Patriot High School

Additional Features

  • Fireplace in Patio
  • Suburban Location
  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $16,000
  • Rent includes water
  • 12-Month Minimum Lease Term
  • Available 6/30/17
  • Assessor Parcel Number 7542002002

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,798

Year Built

Built in 1974

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2017-06-30
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 200
  • Deposit Security: 16000
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Other Phone Description: Aaron Wang
  • Other Phone Number: 6262029383
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 7542002002
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3118.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Bath, Dining Room, Family Room, Kitchen, Library, Living Room, Master Bedroom, Patio, Electric, Gas, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.08
  • Room Type: All Bedrooms Down, All Bedrooms Up, Master Bathroom, Master Bedroom, Walk-In Closet

Exterior Features

  • View: Peek-A-Boo
  • Pool Private: No
  • Construction Materials: Unknown

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Palos Verdes Peninsula Unified
  • High School: Patriot
  • High School: Patriot
  • High School2: PATRIO

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Front Yard, Sprinkler System
  • Lot Size Sq Ft: 8593.00
  • Lot Size Acres: 0.1973

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 8593.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2016
Closed on
Mar 25, 2016
Sold by
Long Samnang
Bought by
Tan Weimin
Seller's Agent
Jules Ayora
Seven Gables Real Estate
Buyer's Agent
Jenny Cheung
Kingston Realty
List Price
$1,985,000
Sold Price
$1,890,000
Premium/Discount to List
-$95,000
-4.79%
Current Estimated Value
$3,041,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,151,885
Avg. Annual Appreciation
4.83%
Original Mortgage
$1,220,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 7, 2015
Sold by
Lin Yumei
Bought by
Long Samnng and Lin Sandy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2015
Sold by
Lin Yumei
Bought by
Lin Yumei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2009
Sold by
Lin Yu Mei
Bought by
Lin Yu Mei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2003
Sold by
Lin Yu Mei
Bought by
Lin Yu Mei
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
Tan Weimin $1,890,000 Ticor Title Company
Long Samnng -- First American Title Company
Lin Yumei -- First American Title Company
Lin Yu Mei -- Servicelink
Lin Yu Mei -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tan Weimin $1,220,000
Previous Owner Long Samnng $375,000
Previous Owner Lin Yu Mei $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2017 09/13/17 Rented $6,500 0.0% --
09/06/2017 09/06/17 Under Contract -- -- --
09/06/2017 09/06/17 For Rent $6,500 0.0% --
09/05/2017 09/05/17 Off Market $6,500 -- --
08/11/2017 08/11/17 Price Changed $6,500 -17.7% $2 / Sq Ft
07/06/2017 07/06/17 Price Changed $7,900 -3.7% $3 / Sq Ft
06/23/2017 06/23/17 For Rent $8,200 0.0% --
05/12/2016 05/12/16 Sold $1,890,000 -2.8% $606 / Sq Ft
03/18/2016 03/18/16 Pending -- -- --
03/03/2016 03/03/16 Price Changed $1,945,000 -2.0% $624 / Sq Ft
01/29/2016 01/29/16 For Sale $1,985,000 -- $637 / 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 $25,798 $2,237,368 $1,587,232 $650,136
2024 $25,798 $2,193,499 $1,556,110 $637,389
2023 $25,359 $2,150,491 $1,525,599 $624,892
2022 $24,109 $2,108,326 $1,495,686 $612,640
2021 $24,106 $2,066,987 $1,466,359 $600,628
2020 $23,785 $2,045,794 $1,451,324 $594,470
2019 $23,085 $2,005,681 $1,422,867 $582,814
2018 $22,940 $1,966,355 $1,394,968 $571,387
2016 $14,474 $1,209,502 $865,663 $343,839
2015 $14,316 $1,191,335 $852,660 $338,675
2014 $14,104 $1,167,999 $835,958 $332,041
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17148725

California Regional Multiple Listing Service (CRMLS)

APN: 7542-002-002