NOT LISTED FOR SALE

2501 Via Olivera Palos Verdes Estates, CA 90274

Estimated Value: $3,388,042 - $3,800,000

4 Beds
3.5 Baths
4,504 Sq Ft
$788/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $2,550,000 $566 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $21,463/month

Highlights

  • Ocean View
  • Fireplace in Primary Bedroom
  • Main Floor Primary Bedroom
  • Lunada Bay Elementary School Rated A+
  • Wood Flooring
  • No HOA

About This Home

As of July 2021

Spectacular Panoramic Ocean and Avalon Views from this beautifully renovated mid-century home. You must see it to believe it.

The house is designed with an open floor plan and maintains natural lighting through out the home.
The top floor features a large dining area with a courtyard, a master bedroom suite, a kitchen, and a living room with a balcony. The living room has a fireplace and a balcony that invites you to sit and enjoy the fresh ocean breeze. Watch the waves while you cook dinner for your family or entertain your guests. The kitchen is fully equipped with a built in refrigerator, modern double ovens, electric cooktop, a dishwasher, and plenty of cabinets and sky light for additional lighting through-out the day. The master suite features a fireplace, walk-in closet, walk-in shower, and a tub. Another 1/2 bath is located next to the kitchen.

The lower level has three additional bedrooms, two full bathrooms with tubs, a family room with a fireplace, a laundry room equipped with a washer and dryer, a refrigerator, a sink and even a dishwasher. A large deck welcomes you as you step outside the family room. Other features include wall mounted TV in the living room, built-in speakers through out the house, recessed lights in every room, ethernet connections, camera security system + monitors. This home is walking distance to the Palos Verdes Intermediate School and a 5 minutes drive to both the Elementary school and High school. Must see to appreciate!

Last Agent to Rent the Property

Seema Gupta

First Team Real Estate License #02016031 Listed on: 07/12/2021

First Team Real Estate

Last Renter's Agent

Seema Gupta

First Team Real Estate License #02016031 Listed on: 07/12/2021

First Team Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,735

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • 10,733 Sq Ft Lot
  • Landscaped
  • Sprinkler System
  • Density is up to 1 Unit/Acre
  • Property is zoned PVR1*

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors

Interior Spaces

  • 4,504 Sq Ft Home
  • 2-Story Property
  • Furniture Can Be Negotiated
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Corian Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $12,000
  • Rent includes gardener
  • 12-Month Minimum Lease Term
  • Available 8/1/21
  • Legal Lot and Block 4 / 2327
  • Tax Tract Number 6890
  • Assessor Parcel Number 7543016009

Community Details

Overview

  • No Home Owners Association
  • $50 HOA Transfer Fee

Recreation

  • Water Sports
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,735

Year Built

Built in 1978 | Remodeled

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2021-08-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Pets: 500
  • Deposit Security: 12000
  • Furnished: Negotiable
  • Pets Allowed: Number Limit
  • Total Move In Costs: 20000.00
  • Transfer Fees: 50.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 7543016009
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4504.00 Square Feet
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Dining Room, Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1.78
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Separate Family Room, Walk-In Closet
  • Bathroom Features: Bathtub, Walk-In Shower
  • Room Kitchen Features: Corian Counters, Kitchen Open To Family Room

Exterior Features

  • View: Ocean
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Watersports

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 10733.00
  • Lot Size Acres: 0.2464

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 10733.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Gardener

Tax Info

  • Tax Block: 2327
  • Tax Census Tract: 6703.28
  • Tax Lot: 4
  • Tax Tract Number: 6890

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2020
Closed on
Dec 28, 2020
Sold by
Bell Llc
Bought by
Gupta Mandhir and Gupta Seema
Seller's Agent
Triana Warren
Bankers Realty Exclusive, Inc.
Buyer's Agent
Seema Gupta
First Team Real Estate
List Price
$2,599,900
Sold Price
$2,550,000
Premium/Discount to List
-$49,900
-1.92%
Current Estimated Value
$3,549,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$999,511
Avg. Annual Appreciation
7.47%
Original Mortgage
$1,912,500
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2018
Sold by
Bell Timothy V
Bought by
Bell Llc

Purchase Details

Closed on
Jun 5, 2006
Sold by
Bell Timothy V
Bought by
Bell Timothy V

Purchase Details

Closed on
Jul 6, 2005
Sold by
Bell Timothy V
Bought by
Bell Timothy V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2004
Sold by
Bell Timothy V
Bought by
Bell Timothy V

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
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2004
Sold by
Yamamoto Hiroshi P
Bought by
Bell Timothy V

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
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gupta Mandhir $2,550,000 Chicago Title
Bell Llc -- North American Title
Bell Timothy V -- None Available
Bell Timothy V -- Fidelity National Title
Bell Timothy V -- Fidelity Van Nuys
Bell Timothy V -- Fidelity National Title
Bell Timothy V -- --
Bell Timothy V $1,350,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gupta Mandhir $1,912,500
Previous Owner Bell Timothy V $1,400,000
Previous Owner Bell Timothy V $945,000
Closed Bell Timothy V $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Rented $8,000 0.0% --
07/30/2021 07/30/21 Off Market $8,000 -- --
07/12/2021 07/12/21 For Rent $8,000 0.0% --
02/23/2021 02/23/21 Sold $2,550,000 -1.9% $566 / Sq Ft
12/17/2020 12/17/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $2,599,900 0.0% $577 / Sq Ft
11/05/2019 11/05/19 Rented $7,000 -12.5% --
08/29/2019 08/29/19 Price Changed $8,000 -5.9% $2 / Sq Ft
07/22/2019 07/22/19 Price Changed $8,500 -10.5% $2 / Sq Ft
05/15/2019 05/15/19 For Rent $9,500 -- --
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 $31,735 $2,760,200 $2,195,929 $564,271
2024 $31,735 $2,706,079 $2,152,872 $553,207
2023 $31,219 $2,653,019 $2,110,659 $542,360
2022 $29,682 $2,601,000 $2,069,274 $531,726
2021 $28,754 $2,465,013 $1,681,885 $783,128
2020 $28,372 $2,439,738 $1,664,640 $775,098
2019 $27,539 $2,391,900 $1,632,000 $759,900
2018 $23,512 $1,984,599 $1,347,568 $637,031
2017 $21,813 $1,945,687 $1,321,146 $624,541
2016 $22,305 $1,907,538 $1,295,242 $612,296
2015 $22,071 $1,878,886 $1,275,787 $603,099
2014 $21,353 $1,806,000 $1,226,000 $580,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21151817

California Regional Multiple Listing Service (CRMLS)

APN: 7543-016-009