$2,800,000
SOLD MAR 19, 2018
5 Beds
4.5 Baths
3,951 Sq Ft
9,269 Sq Ft Lot

Recently Sold

$709 Per Sq Ft

7% Below List Price

88 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Spa
  • Lunada Bay Elementary School Rated A+
  • Newly Remodeled
  • Primary Bedroom Suite

About This Home

As of March 2018

Beautiful New Construction with no expense spared. This split level home in Palos Verdes Estates comes with 5 Bedrooms, 4.5 Baths and 3951 Square feet of living space. Entry Level: enter through grand custom door into an entry with soaring ceilings and beautiful chandeliers with a guest bedroom and bath that also can be used as an office. Upper level consists of Formal Living Room, Dining Room, Butler's Pantry, Powder Room, Huge Kitchen, Breakfast Area, Family room. This level enjoys beautiful ocean and mountain views and walks out on to a large deck. An entertainers paradise. The lower level has very high ceilings that reach upto 12.5 feet tall and consists of 4 bedrooms, 3 Bathrooms, Hugh Bonus Room and Master Bedroom that open out to a large covered patio. This covered patio then steps out onto a large deck with a beautiful Gas Bar B Q and a Gas Fire Pit with seating to enjoy with family and friends.

Last Agent to Sell the Property

George Wong

West Shores Realty, Inc. Brokerage Phone: 310-809-1995 License #00893378 Listed on: 11/04/2017

West Shores Realty, Inc.

Last Buyer's Agent

Steven Simonetti

Simonetti & Associates License #00368946

Simonetti & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,043

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 9,269 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence
  • Landscaped
  • Sprinklers Throughout Yard
  • Lawn
  • Property is zoned PVR1YY

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Mountain

Home Design

  • Mediterranean Architecture
  • Split Level Home
  • Turnkey
  • Tile Roof

Interior Spaces

  • 3,951 Sq Ft Home
  • Gas Fireplace
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • Maid or Guest Quarters
  • Spa Bath

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment

Outdoor Features

  • Spa
  • Deck
  • Covered patio or porch
  • Rain Gutters

Schools

  • Lunada Bay Elementary School
  • Palos Verdes Middle School
  • Peninsula High School

Utilities

  • Two cooling system units
  • SEER Rated 13-15 Air Conditioning Units
  • Central Air
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 005
  • Tax Tract Number 6890
  • Assessor Parcel Number 7543013005

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,043

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: PVR1YY
  • Architectural Style: Mediterranean
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7543013005
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3951.00 Square Feet
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Family Kitchen, Dining Room
  • Fireplace Features: Family Room, Gas, Gas Starter
  • Levels: Multi/Split
  • Price Per Square Foot: 708.68
  • Room Type: Entry, Family Room, Formal Entry, Guest/Maid's Quarters, Jack & Jill, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Separate Family Room, Walk-In Closet, Wine Cellar
  • Spa Features: Bath

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • View: Mountain(s), Ocean
  • Fence: Yes
  • Fencing: Block, Wood
  • Patio And Porch Features: Covered, Deck
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Dual, Electric, Energy Star Qualified Equipment, Seer Rated 13-15
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Storm Drains

Schools

  • School District: Palos Verdes Peninsula Unified
  • Elementary School: Lunada Bay
  • Middle School: Palos Verdes
  • High School: Peninsula
  • Elementary School: Lunada Bay
  • High School: Peninsula
  • Middle Or Junior School: Palos Verdes
  • Elementary School #2: LUNBAY
  • High School2: PENINS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Lot 6500-9999, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 9269.00
  • Lot Size Acres: 0.2128

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9269.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6703.28
  • Tax Lot: 005
  • Tax Tract Number: 6890

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2021
Sold by
Buchanan Kevin Michael and Buchanan Cristallea K
Bought by
Buchanan Kevin M
Current Estimated Value
$3,781,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Outstanding Balance
$2,178,885
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$1,753,197

Purchase Details

Closed on
Apr 29, 2021
Sold by
Buchanan Kevin Michael
Bought by
Buchanan Kevin M

Purchase Details

Listed on
Nov 4, 2017
Closed on
Feb 5, 2018
Sold by
Fm Marketing And Properties Llc
Bought by
Buchanan Kevin Michael and Byun Cristallea Kang
Seller's Agent
George Wong
West Shores Realty, Inc.
Buyer's Agent
Steven Simonetti
Simonetti & Associates
List Price
$2,999,000
Sold Price
$2,800,000
Premium/Discount to List
-$199,000
-6.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.71%
Original Mortgage
$2,380,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 30, 2015
Closed on
Jan 20, 2016
Sold by
Diwu Sindy Di
Bought by
Fm Marketing & Properties Llc
Seller's Agent
Junru Pan
Pros Group Inc
Buyer's Agent
Junru Pan
Pros Group Inc
List Price
$1,100,000
Sold Price
$1,080,000
Premium/Discount to List
-$20,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.40%
Original Mortgage
$1,677,500
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2015
Sold by
Mcclaury Lori and The Bernardine Ibbetson Schran
Bought by
Diwu Sindy Di

Purchase Details

Closed on
Dec 5, 1995
Sold by
Schrank Bernardine Ibbetson and Schrank Bernardine M
Bought by
Schrank Bernardine Ibbetson and The Bernardine Ibbetson Schran
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 Type Sale Price Title Company
Interfamily Deed Transfer -- North American Title Co Inc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $2,800,000 Provident Title Company
Grant Deed $1,080,000 Provident Title Company
Grant Deed $770,000 Chicago Title Company
Grant Deed -- Chicago Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,400,000 New Conventional
Closed $2,352,000 Adjustable Rate Mortgage/ARM
Closed $2,380,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,677,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2018 03/19/18 Sold $2,800,000 -6.6% $709 / Sq Ft
02/01/2018 02/01/18 For Sale $2,999,000 0.0% $759 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
01/01/2018 01/01/18 Price Changed $2,999,000 -6.3% $759 / Sq Ft
11/04/2017 11/04/17 For Sale $3,199,000 +196.2% $810 / Sq Ft
02/02/2016 02/02/16 Sold $1,080,000 -1.8% --
11/11/2015 11/11/15 Pending -- -- --
10/30/2015 10/30/15 For Sale $1,100,000 -- --
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 $36,043 $3,185,917 $1,934,307 $1,251,610
2024 $36,043 $3,123,449 $1,896,380 $1,227,069
2023 $35,466 $3,062,206 $1,859,197 $1,203,009
2022 $33,370 $3,002,164 $1,822,743 $1,179,421
2021 $33,383 $2,943,299 $1,787,003 $1,156,296
2020 $32,936 $2,913,120 $1,768,680 $1,144,440
2019 $31,959 $2,856,000 $1,734,000 $1,122,000
2018 $13,073 $1,123,632 $1,123,632 $0
2016 $9,270 $781,742 $781,742 $0
2015 $9,343 $744,000 $744,000 $0
2014 $1,861 $54,376 $54,376 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17251145

California Regional Multiple Listing Service (CRMLS)

APN: 7543-013-005