NOT LISTED FOR SALE

Estimated Value: $2,088,000 - $2,566,000

3 Beds
2 Baths
1,671 Sq Ft
$1,363/Sq Ft Est. Value

Last Sold June 01, 2017

Last sale price $1,550,000 $928 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $13,670/month

73 Days on Market

Highlights

  • Ocean View
  • Fireplace in Primary Bedroom
  • L-Shaped Dining Room
  • Montemalaga Elementary School Rated A+
  • Main Floor Primary Bedroom
  • No HOA

About This Home

As of June 2017

LOCATION, LOCATION – perfectly situated on one of the best streets in Malaga Cove, just a stroll to the prestigious Plaza with its famous Neptune Fountain & monthly weekend art shows, historical Malaga Cove Library & adjacent Farnham Martin Park that hosts the annual Summer Concert Series!
VIEW VIEW VIEW - Spectacular Panoramic VIEWS – ‘Queen’s Necklace’, Coastline & hills! Fantastic opportunity to own this one-of-a-kind property that backs up to extensive city parkland for ultimate tranquility and privacy! Existing home sold ‘AS IS’ with CITY APPROVED plans by renowned architect, Douglas Leach, to build a well-designed Spanish masterpiece with excellent outdoor living spaces! **Permits can be pulled immediately. $110K spent on plans, surveys, reports, etc. Buyers to verify square footage with city or architect. Fantastic opportunity to build your own home, or remodel existing structure. Existing home is sold 'AS IS' with no repairs - 3 bed, 2 bath 1,671 SF home on 9,636 SF lot, two fireplaces. VIEWS from most rooms and exterior spaces!
Malaga Cove is ideally located and offers a multitude of amenities - shops, restaurants, multiple hiking trails, plus walking distance to the sand and surf at Rat Beach! In addition, there are many fine clubs for socializing - Palos Verdes Golf course, Tennis Club, Beach & Athletic Club, plus only a few minutes drive to the shops and restaurants in Riviera Village. Excellent on-hill/off-hill access. Top ranked Palos Verdes School District!

Last Agent to Sell the Property

Steve Smith

Compass License #01100068 Listed on: 02/10/2017

Compass

Last Buyer's Agent

Lily Liang

Strand Hill Properties License #00837794

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,697

Year Built

  • Built in 1955

Lot Details

  • 9,636 Sq Ft Lot
  • Property is zoned PVR1YY

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • Hills

Home Design

  • Ranch Style House
  • Stucco

Interior Spaces

  • 1,671 Sq Ft Home
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom

Outdoor Features

  • Open Patio
  • Rain Gutters

Utilities

  • Heating Available
  • Natural Gas Connected

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 6885
  • Assessor Parcel Number 7539026010

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,697

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1YY
  • Architectural Style: Ranch
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7539026010
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1671.00 Square Feet
  • Interior Amenities: Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Ell
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 927.59
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom

Exterior Features

  • Patio: Yes
  • View: Coastline, Hills, Ocean, Panoramic
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Direct Garage Access, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9636.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6703.24
  • Tax Lot: 10
  • Tax Tract Number: 6885

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2017
Closed on
May 10, 2017
Sold by
May Richard I and May Marcie M
Bought by
Badame James A and Badame Diane M
Seller's Agent
Steve Smith
Compass
Buyer's Agent
Lily Liang
Strand Hill Properties
List Price
$1,550,000
Sold Price
$1,550,000
Current Estimated Value
$2,277,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$727,604
Avg. Annual Appreciation
4.68%
Original Mortgage
$1,240,000
Outstanding Balance
$994,539
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,283,065

Purchase Details

Closed on
Mar 11, 2015
Sold by
May Marcie M and Menveg Don R
Bought by
The Richard I & Marcie M May Family Trus

Purchase Details

Closed on
Nov 29, 1997
Sold by
Menveg Lloyd A
Bought by
Menveg Lloyd A and Menveg Peggy M
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
Badame James A $1,550,000 Progressive Title Company
The Richard I & Marcie M May Family Trus -- None Available
Menveg Lloyd A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Badame James A $1,240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2017 06/01/17 Sold $1,550,000 0.0% $928 / Sq Ft
04/24/2017 04/24/17 Pending -- -- --
02/10/2017 02/10/17 For Sale $1,550,000 -- $928 / 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 $20,697 $1,798,902 $1,439,123 $359,779
2024 $20,697 $1,763,630 $1,410,905 $352,725
2023 $20,321 $1,729,050 $1,383,241 $345,809
2022 $19,316 $1,695,148 $1,356,119 $339,029
2021 $19,327 $1,661,911 $1,329,529 $332,382
2020 $19,067 $1,644,871 $1,315,897 $328,974
2019 $18,504 $1,612,620 $1,290,096 $322,524
2018 $18,370 $1,581,000 $1,264,800 $316,200
2016 $3,060 $158,391 $92,139 $66,252
2015 $2,945 $156,012 $90,755 $65,257
2014 $2,911 $152,957 $88,978 $63,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17006757

California Regional Multiple Listing Service (CRMLS)

APN: 7539-026-010