Seller's Agent in 2023
Mark Stoll
Vista Sotheby's International Realty
(310) 421-2828
5 in this area
47 Total Sales
2022 Via Cerritos Palos Verdes Estates, CA 90274
Estimated Value: $7,895,000 - $10,375,729
8
Beds
12
Baths
11,600
Sq Ft
$759/Sq Ft
Est. Value
Highlights
- Ocean View
- Home Theater
- Primary Bedroom Suite
- Montemalaga Elementary School Rated A+
- Private Pool
- 5-minute walk to Coronel Plaza
About This Home
As of June 2023Beautiful mansion on a huge lot over an acre with ocean view! It's the largest home for sale in all of Palos Verdes!!! 8 bedrooms, 12 bathrooms, office, gym, guest house, tennis court, movie theater, maids quarters! Sitting on one of the largest lots for sale in ultra exclusive Montemalaga area of Palos Verdes Estates. Remodel inside and out in 2019, Large private pool and spa area privacy and tranquility await you in the luxurious, ocean view newly remodeled custom estate compound. This estate is reminiscent of the central California Coast architecture, it's an exquisitely designed home is built with impeccable taste. The grounds also include multiple fruit trees, deep buffer hedges that offer incredible privacy. Mediterranean French fusion architecture that integrates Italian marble flooring and stylish custom finishes with soaring, double height ceilings. The main level doors open to a spacious ocean view patio set with the completely new pool and spa built with imported limestone from overseas. The driveway and garages provide parking for multiple cars and parking for up to 12 vehicles. Multiple seating areas, fountains, English gardens, a Viking appliances outdoor kitchen and regulation size tennis court with night time lighting anchor this unbelievable once in a lifetime opportunity estate. Palos Verdes Estates is one of the most desirable hidden neighborhood communities in Los Angeles.
Last Listed By
Vista Sotheby's International Realty License #01280262 Listed on: 02/13/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $114,303
Year Built
- Built in 2019
Lot Details
- 1.17 Acre Lot
- Property is zoned PVR1*
Parking
- 3 Car Attached Garage
Property Views
- Ocean
- Coastline
- Catalina
- Panoramic
Interior Spaces
- 11,600 Sq Ft Home
- 2-Story Property
- Formal Entry
- Family Room with Fireplace
- Living Room with Fireplace
- Home Theater
- Recreation Room
- Bonus Room
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms | 2 Main Level Bedrooms
- Fireplace in Primary Bedroom Retreat
- All Bedrooms Down
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Double Master Bedroom
- Maid or Guest Quarters
- 12 Full Bathrooms
Pool
- Private Pool
Utilities
- Central Heating and Cooling System
- Private Water Source
Listing and Financial Details
- Legal Lot and Block 4 / 5
- Tax Tract Number 8043
- Assessor Parcel Number 7544021004
- $3,889 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Park
- Hiking Trails
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 12, 2022
Sold by
Issam & Lama Ghreiwati Living Trust
Bought by
Sachar Family Trust
Total Days on Market
73
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
5.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 21, 2015
Sold by
Ghreiwati Issam
Bought by
Issam & Lama Ghreiwati Living Trust 2015
Purchase Details
Closed on
Sep 15, 2006
Sold by
Aloum Lama Ghreiwati
Bought by
Ghreiwati Issam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.87%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Sep 6, 2006
Sold by
Pratto Franklin E and Pratto Renee E
Bought by
Ghreiwati Issam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.87%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 5, 2003
Sold by
Pratto Franklin E and Pratto Renee E
Bought by
Pratto Franklin E and Pratto Renee E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$965,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 22, 2002
Sold by
Pratto Franklin E and Pratto Renee E
Bought by
Pratto Franklin E and Pratto Renee E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$986,500
Interest Rate
5.43%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 16, 1997
Sold by
Pratto Franklin
Bought by
Pratto Franklin E and Pratto Renee E
Purchase Details
Closed on
Aug 17, 1993
Sold by
The Bank Of California
Bought by
Pratto Franklin and Pratto Renee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sachar Family Trust | $10,000,000 | Old Republic Title Company | |
| Issam & Lama Ghreiwati Living Trust 2015 | -- | None Available | |
| Ghreiwati Issam | -- | None Available | |
| Ghreiwati Issam | $5,000,000 | Lawyers Title Company | |
| Pratto Franklin E | -- | Equity Title Company | |
| Pratto Franklin E | -- | -- | |
| Pratto Franklin E | -- | Equity Title Company | |
| Pratto Franklin E | -- | -- | |
| Pratto Franklin | $1,750,000 | Chicago Title Torrance |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sachar Family Trust | $5,000,000 | |
| Previous Owner | Sachar Family Trust | $5,000,000 | |
| Previous Owner | Ghreiwati Issam Z | $8,948,750 | |
| Previous Owner | Ghreiwati Issam | $3,000,000 | |
| Previous Owner | Pratto Franklin E | $965,000 | |
| Previous Owner | Pratto Franklin E | $350,000 | |
| Previous Owner | Pratto Franklin E | $986,500 | |
| Previous Owner | Pratto Franklin | $950,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2023 06/21/23 | Sold | $10,000,000 | -16.0% | $862 / Sq Ft |
| 04/27/2023 04/27/23 | Pending | -- | -- | -- |
| 02/13/2023 02/13/23 | For Sale | $11,900,000 | -- | $1,026 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $114,303 | $10,200,000 | $6,120,000 | $4,080,000 |
| 2023 | $81,516 | $7,142,054 | $5,151,059 | $1,990,995 |
| 2022 | $77,418 | $7,002,014 | $5,050,058 | $1,951,956 |
| 2021 | $76,218 | $6,188,792 | $4,951,038 | $1,237,754 |
| 2020 | $69,128 | $6,125,335 | $4,900,272 | $1,225,063 |
| 2019 | $67,047 | $6,005,232 | $4,804,189 | $1,201,043 |
| 2018 | $66,364 | $5,887,484 | $4,709,990 | $1,177,494 |
| 2016 | $63,022 | $5,658,868 | $4,527,097 | $1,131,771 |
| 2015 | $62,381 | $5,573,867 | $4,459,096 | $1,114,771 |
| 2014 | $61,442 | $5,464,684 | $4,371,749 | $1,092,935 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Stoll
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV23024826
APN: 7544-021-004
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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