NOT LISTED FOR SALE

Estimated Value: $1,780,000 - $2,033,000

2 Beds
2 Baths
1,404 Sq Ft
$1,341/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $1,250,000 $890 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $11,321/month

23 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Main Floor Bedroom
  • Lunada Bay Elementary School Rated A+
  • Wood Flooring
  • 4-minute walk to Lunada Canyon Trailhead

About This Home

As of October 2020

This charming one-level home is located on a quiet street in the peaceful, tranquil oceanfront community " Lunada Bay" Palos Verdes Estates. This property is nearby the gorgeous cliffs of Lunada Bay Bluffs, close to the local elementary, middle, and high schools. This home is situated on a spacious lot with private gate entry to a detached garage in the rear yard. It has 2 bedrooms plus a den (can easily convert to 3rd bedroom) and a fireplace in the living room. The layout of the house and the size of the back yard lends itself to many possibilities. Do not miss this opportunity to own property in Lunada Bay, Palos Verdes Estates.

Last Agent to Sell the Property

Stephanie Chen

The Realestate Group License #01243157 Listed on: 08/12/2020

The Realestate Group

Last Buyer's Agent

Wyatt Stucker

Compass License #02002339

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,940

Year Built

  • Built in 1953

Lot Details

  • 7,372 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned PVR1*

Parking

  • 2 Car Garage
  • Parking Available
  • Auto Driveway Gate

Property Views

  • Ocean
  • Peek-A-Boo

Interior Spaces

  • 1,404 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating
  • Sewer Not Available

Listing and Financial Details

  • Legal Lot and Block 3 / 2322
  • Tax Tract Number 7141
  • Assessor Parcel Number 7543029021

Community Details

Overview

  • Property has a Home Owners Association
  • Pve HOA, Phone Number (310) 373-6721

Recreation

  • Golf Course Community
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,940

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7543029021
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1404.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 890.31
  • Room Type: Kitchen, Laundry, Main Floor Bedroom

Exterior Features

  • View: Ocean, Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: None
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Biking Trails, Hiking Trails, Horse Trails
  • Association Name: PVE HOA
  • Phone: 3103736721
  • Senior Community: No
  • Community Features: Biking, Golf, Hiking
  • Association Management: PVE HOA

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7372.00
  • Lot Size Acres: 0.1692

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7372.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 2322
  • Tax Census Tract: 6703.28
  • Tax Lot: 3
  • Tax Tract Number: 7141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Sep 10, 2020
Sold by
Liao David Penchi and Chen Maggie Meiyin
Bought by
Holm Benjamin Frode and Holm Molly Ann
Seller's Agent
Stephanie Chen
The Realestate Group
Buyer's Agent
Wyatt Stucker
Compass
List Price
$1,299,000
Sold Price
$1,250,000
Premium/Discount to List
-$49,000
-3.77%
Total Days on Market
23
Current Estimated Value
$1,883,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$633,066
Avg. Annual Appreciation
9.25%
Original Mortgage
$1,000,000
Outstanding Balance
$897,449
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$985,617

Purchase Details

Closed on
Jan 10, 2002
Sold by
Liao David Pen Chi and Chen Maggie Mei Yin
Bought by
Liao David Penchi
Source: Public Records

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Range of Values:

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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
Holm Benjamin Frode $1,250,000 Stewart Title Company
Liao David Penchi -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holm Benjamin Frode $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $1,250,000 -3.8% $890 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $1,299,000 0.0% $925 / Sq Ft
08/14/2020 08/14/20 Price Changed $1,299,000 -3.7% $925 / Sq Ft
08/12/2020 08/12/20 For Sale $1,349,000 0.0% $961 / Sq Ft
08/09/2020 08/09/20 Price Changed $1,349,000 -- $961 / 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
2024 $15,940 $1,326,510 $1,061,208 $265,302
2023 $15,630 $1,300,500 $1,040,400 $260,100
2022 $14,867 $1,275,000 $1,020,000 $255,000
2021 $14,885 $1,250,000 $1,000,000 $250,000
2019 $10,262 $840,791 $740,718 $100,073
2018 $10,168 $824,306 $726,195 $98,111
2016 $9,649 $792,299 $697,997 $94,302
2015 $9,544 $780,399 $687,513 $92,886
2014 $9,408 $765,113 $674,046 $91,067
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20160278

California Regional Multiple Listing Service (CRMLS)

APN: 7543-029-021