NOT LISTED FOR SALE

22 Margate Square Palos Verdes Estates, CA 90274

Estimated Value: $2,249,000 - $2,343,376

3 Beds
3 Baths
2,300 Sq Ft
$994/Sq Ft Est. Value

Last Sold March 04, 2014

Last sale price $1,360,000 $591 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $14,072/month

9 Days on Market

Highlights

  • Ocean View
  • Two Primary Bedrooms
  • Deck
  • Lunada Bay Elementary School Rated A+
  • Updated Kitchen
  • Cathedral Ceiling

About This Home

As of March 2014

Located on a quiet cul-de-sac affording privacy and convenience, this highly coveted lower Lunada Bay location is in close proximity to schools (elementary, middle & high schools) in the award-winning Palos Verdes school district, the Lunada Bay Plaza & the picturesque bluffs.
The home features 3 bedrooms, a spacious living room, gourmet kitchen, formal dining, 2nd floor bonus room & lovely outdoor living areas. The home’s dramatic entry with vaulted ceiling, sweeping wrought iron staircase and a wall of French windows create an inviting ambiance. The focal point is the kitchen with center island & breakfast bar. French doors lead to a private enclosed yard with Spanish tiled patio. Formal dining room with French window overlooks a charming court yard. A private lower level bedroom makes a great guest suite or home office. The upper level features a master bedroom suite with terra cotta tiled lounging deck with ocean views. The second bedroom suite features an adjoining bonus room perfect as a playroom/homework room or even bedroom for a younger child. You will love the hardwood floors, floor to ceiling windows, vaulted beam ceilings, gated courtyard, & character of this home!

Last Agent to Sell the Property

Rosanna Libertucci

West Shores Realty, Inc. License #00939714 Listed on: 01/25/2014

Last Buyer's Agent

Gary Kooba

Vista Sotheby’s International Realty License #00578697

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,075

Year Built

  • Built in 1962

Lot Details

  • 5,004 Sq Ft Lot
  • Cul-De-Sac

Parking

  • 2 Car Attached Garage

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 2,300 Sq Ft Home
  • Beamed Ceilings
  • Cathedral Ceiling
  • Fireplace
  • Entryway
  • Living Room
  • Dining Room
  • Home Office
  • Wood Flooring
  • Ocean Views

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Double Master Bedroom
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Septic Type Unknown

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7541012025

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,075

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7541012025
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2300.00
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Pantry
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Levels: Two
  • Price Per Square Foot: 591.30
  • Room Type: Entry, Living Room, Main Floor Bedroom, Office, Two Masters
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Unknown

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 5004.00
  • Lot Size Acres: 0.1150

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5004.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2024
Sold by
Fathi Alireza
Bought by
Wilcox Scott C and Maramba Maripaz
Current Estimated Value
$2,264,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,760,000
Outstanding Balance
$1,742,087
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$544,757

Purchase Details

Closed on
Nov 13, 2017
Sold by
Fathi Alireza
Bought by
Fathi Alireza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$962,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2014
Closed on
Feb 3, 2014
Sold by
Dox James M
Bought by
Fathi Md Alireza
Seller's Agent
Rosanna Libertucci
West Shores Realty, Inc.
Buyer's Agent
Gary Kooba
Vista Sotheby’s International Realty
List Price
$1,350,000
Sold Price
$1,360,000
Premium/Discount to List
$10,000
0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.64%
Original Mortgage
$1,088,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 1, 2007
Sold by
Alexander John M
Bought by
Dox James M and Dox Amy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2004
Sold by
Alexander John M
Bought by
Alexander John M and Alexander Elizabeth A

Purchase Details

Closed on
Oct 16, 2003
Sold by
Alexander John M
Bought by
Alexander John M and Alexander Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2002
Sold by
Alexander John M
Bought by
Alexander John M and Alexander Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
7.11%
Mortgage Type
Unknown
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
Wilcox Scott C $2,200,000 First American Title Company
Fathi Alireza -- Lawyers Title Company
Fathi Md Alireza $1,360,000 Usa National Title Co
Dox James M $1,395,000 Lawyers Title
Alexander John M -- --
Alexander John M -- Southland Title Company
Alexander John M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilcox Scott C $1,760,000
Previous Owner Wilcox Scott C $1,760,000
Previous Owner Fathi Alireza $858,000
Previous Owner Fathi Alireza $962,000
Previous Owner Fathi Md Alireza $1,088,000
Previous Owner Dox James M $250,000
Previous Owner Dox James M $150,000
Previous Owner Dox James M $710,880
Previous Owner Dox James M $200,000
Previous Owner Dox James M $945,000
Previous Owner Alexander John M $322,700
Previous Owner Alexander John M $300,700
Previous Owner Alexander John M $69,600
Previous Owner Alexander John M $275,000
Previous Owner Alexander John M $70,000
Previous Owner Alexander John M $338,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2014 03/04/14 Sold $1,360,000 +0.7% $591 / Sq Ft
02/03/2014 02/03/14 Pending -- -- --
01/25/2014 01/25/14 For Sale $1,350,000 -- $587 / 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 $20,075 $2,200,000 $1,924,600 $275,400
2024 $20,075 $1,687,953 $1,138,967 $548,986
2023 $19,711 $1,654,857 $1,116,635 $538,222
2022 $18,745 $1,622,410 $1,094,741 $527,669
2021 $18,753 $1,590,599 $1,073,276 $517,323
2020 $18,503 $1,574,290 $1,062,271 $512,019
2019 $17,962 $1,543,423 $1,041,443 $501,980
2018 $17,856 $1,513,161 $1,021,023 $492,138
2017 $16,702 $1,483,492 $1,001,003 $482,489
2016 $16,464 $1,408,326 $981,376 $426,950
2015 $16,292 $1,387,172 $966,635 $420,537
2014 $13,516 $1,123,800 $899,000 $224,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14017275

California Regional Multiple Listing Service (CRMLS)

APN: 7541-012-025