NOT LISTED FOR SALE

Estimated Value: $5,660,000 - $6,850,000

5 Beds
6.5 Baths
6,826 Sq Ft
$914/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $4,400,000 $645 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $37,207/month

104 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Primary Bedroom Suite
  • Lunada Bay Elementary School Rated A+
  • Sauna
  • 0.53 Acre Lot

About This Home

As of November 2020

Step into paradise with breathtaking panoramic ocean, Lunada Bay white water, Santa Monica lights, Malibu & canyon views in this exquisitely designed custom home. This astonishing mansion rests at the top of Lunada Bay on a prime cul-de-sac, impeccably designed with a flawless balance of luxury and comfort. An aesthetic quartz stone-paved driveway welcomes you to a spacious living area with timeless marble floors, lofty ceilings, marble fireplace & Palladian doors to stunning views. The Professional chef’s kitchen is equally upscale with granite counters, cherry cabinets, walk-in pantry, grill station & showcase appliances. It opens to a stylish breakfast nook & a large family room with a private balcony for special outdoor dining. Nearby is a large bedroom en-suite with 2 walk-in closets, jetted tub & shower. A sweeping marble stairway leads upstairs to a lavish master suite with private retreat, cozy fireplace & a deck to enjoy the pristine ocean views. The exquisite master bath pampers you with a spa tub, dual shower, fireplace, wine cooler, sauna & 2 huge walk-in closets. There are 3 more bedroom en-suites and a laundry room complimented by the high ceilings and skylights to add the light and airy spacious feel. A spiral staircase leads to a bonus room with closet & bathroom, perfect for a maid’s quarter/exercise room/office/play space or your design. A lovely paved patio, pool & spa offer fantastic views. Paradise awaits you in this spectacular Mediterranean showcase!

Last Agent to Sell the Property

Jessica Kim

Estate Properties License #02046201 Listed on: 06/14/2020

Estate Properties

Co-Listed By

Stephen Haw

Keller Williams Palos Verdes License #00808646

Last Buyer's Agent

Afsaneh Rahmani

Estate Properties License #01411242

Estate Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,711

Year Built

  • Built in 2004

Lot Details

  • 0.53 Acre Lot
  • Cul-De-Sac
  • Landscaped
  • Property is zoned PVR1*

Parking

  • 3 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • Canyon

Interior Spaces

  • 6,826 Sq Ft Home
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Roller Shields
  • Drapes & Rods
  • Palladian Windows
  • Casement Windows
  • Double Door Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Storage
  • Sauna
  • Home Gym

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Self-Cleaning Convection Oven
  • Six Burner Stove
  • Indoor Grill
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Warming Drawer
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Utility Sink
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Retreat
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Mirrored Closets Doors
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Stone Bathroom Countertops
  • Makeup or Vanity Space
  • Bidet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Stone Porch or Patio

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 32253
  • Assessor Parcel Number 7543001023

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,711

Year Built

Built in 2004

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: PVR1*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7543001023
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6826.00 Square Feet
  • Interior Amenities: 2 Staircases, In-Law Floorplan, Balcony, Built-in Features, Cathedral Ceiling(s), Crown Molding, Granite Counters, High Ceilings, Pantry, Recessed Lighting, Stone Counters, Storage
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Double Door Entry, Mirror Closet Door(s)
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Gas
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 644.59
  • Room Type: Den, Entry, Exercise Room, Formal Entry, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite, Office, Retreat, Sauna, Separate Family Room, Walk-In Closet, Walk-In Pantry
  • Spa Features: Private, In Ground
  • Window Features: Casement Windows, Double Pane Windows, Drapes, Palladian, Roller Shields, Skylight(s)
  • Bathroom Features: Bathtub, Bidet, Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Jetted Tub, Linen Closet/Storage, Privacy Toilet Door, Stone Counters, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Utility Sink, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Canyon, Catalina, Coastline, Ocean, Panoramic
  • Patio And Porch Features: Patio Open, Stone
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Direct Garage Access, Paved, Garage Faces Front, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Self Cleaning Oven, Convection Oven, Dishwasher, Double Oven, Free-Standing Range, Disposal, Gas Range, Gas Water Heater, Indoor Grill, Ice Maker, Microwave, Range Hood, Refrigerator, Warming Drawer, Water Line to Refrigerator
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 23146.00
  • Lot Size Acres: 0.5314

Multi Family

  • Lease Considered: No
  • Lot Size Area: 23146.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6703.28
  • Tax Lot: 9
  • Tax Tract Number: 32253

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2020
Closed on
Oct 2, 2020
Sold by
Yoon Byung In and Yoon Michelle Chang
Bought by
Barekatain Hamid and Barekatain Mitra
Seller's Agent
Jessica Kim
Estate Properties
Buyer's Agent
Afsaneh Rahmani
Estate Properties
List Price
$5,450,000
Sold Price
$4,400,000
Premium/Discount to List
-$1,050,000
-19.27%
Current Estimated Value
$6,241,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,841,039
Avg. Annual Appreciation
7.30%
Original Mortgage
$1,700,000
Outstanding Balance
$1,500,872
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$4,740,167

Purchase Details

Closed on
Aug 12, 2011
Sold by
Yoon Byung In and Yoon Michelle Chang
Bought by
Yoon Byung In and Yoon Michelle Chang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2004
Sold by
R A & S A Miguel Inc
Bought by
Yoon Byung In and Yoon Mall Soon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2003
Sold by
Adelshian Jacklyn Gayle
Bought by
Adelshian Rudy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,940,000
Interest Rate
5.29%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 4, 2002
Sold by
Adelshian Rudy and Sonia Adelshian Trust
Bought by
R A & S A Miguel Inc

Purchase Details

Closed on
Feb 25, 2000
Sold by
Adelshian Sonia
Bought by
Adelshian Rudy and Sonia Adelshian Trust

Purchase Details

Closed on
Jan 12, 1998
Sold by
Ararat Land Co
Bought by
Adelshian Sonia
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
Barekatain Hamid $4,400,000 Chicago Title Insurance Co
Yoon Byung In -- First American Title Co
Yoon Byung In $3,800,000 Investors Title Company
Adelshian Rudy -- Investors Title Company
R A & S A Miguel Inc -- --
Adelshian Rudy -- --
Adelshian Sonia -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barekatain Hamid $1,700,000
Previous Owner Yoon Byung In $1,800,000
Previous Owner Yoon Byung In $2,600,000
Previous Owner Adelshian Rudy $1,940,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2020 11/12/20 Sold $4,400,000 -11.1% $645 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
09/12/2020 09/12/20 Price Changed $4,950,000 -9.2% $725 / Sq Ft
06/14/2020 06/14/20 For Sale $5,450,000 -- $798 / 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 $53,711 $4,762,700 $2,381,350 $2,381,350
2024 $53,711 $4,669,314 $2,334,657 $2,334,657
2023 $52,904 $4,577,760 $2,288,880 $2,288,880
2022 $50,266 $4,488,000 $2,244,000 $2,244,000
2021 $50,214 $4,400,000 $2,200,000 $2,200,000
2019 $53,111 $4,748,356 $3,498,790 $1,249,566
2018 $52,796 $4,655,252 $3,430,187 $1,225,065
2016 $49,218 $4,388,000 $3,191,200 $1,196,800
2015 $49,420 $4,388,000 $3,191,200 $1,196,800
2014 $43,873 $3,855,000 $2,803,600 $1,051,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20115057

California Regional Multiple Listing Service (CRMLS)

APN: 7543-001-023