NOT LISTED FOR SALE

Estimated Value: $4,529,000 - $4,927,000

6 Beds
5 Baths
4,433 Sq Ft
$1,063/Sq Ft Est. Value

Last Sold January 19, 2024

Last sale price $4,312,500 $973 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $26,877/month

46 Days on Market

Highlights

  • Detached Guest House
  • Golf Course Community
  • Second Garage
  • Silver Spur Elementary School Rated A+
  • In Ground Pool
  • 3-minute walk to Honeymoon Cove

About This Home

As of January 2024

Walking back from the Blufftop Trail in Lower Lunada Bay you encounter this estately, Colonial ranch home that captivates your attention. Drive in from either side of the grand semicircle driveway, past three mature olive trees that offer privacy from the street view. You have arrived at one of the largest flat, private lots in the neighborhood. This 29,000 SqFt lot features a remodeled 4,073 SqFt single-level home with no steps, an oversized 3-car garage, an additional 2-car garage with 160 SqFt workshop, a detached 360 SqFt 1-bedroom/1-bathroom guest house with a dry sauna and it's own trex deck, a recently refinished resort-like pool and spa, enormous tile patio with built-in fire pit, outdoor kitchen, and a private sprawling yard with a flat grassy lawn outlined with mature trees. The entry chevron pattern brick porch ushers you to the red front door and into the impressive foyer, perfect for a grand piano or sitting area. A beautiful two-way fireplace offers warmth to the family room and living room, each with French doors leading out to the backyard. The chef's kitchen boasts high-end appliances, custom cabinetry, granite countertops, a comfortable informal dining space as well as an elegant formal dining room. Retreat to the luxurious Primary Suite with French doors out to the backyard. Step into the newly remodeled spa-like bathroom with free-standing tub, enormous shower, his & hers vanities and closets, and access to the secluded side-yard reserved for the new owners. Also along the east wing is a junior suite and 3rd bedroom adjacent to the 3rd full bathroom. An impressive guest room can be found on the west side of the home with it's own secluded side yard accessed by yet another set of French doors. The 5th ample sized room or office, the 4th full bathroom, large laundry room and direct access to the 3-car garage complete the west wing. Venture outside to appreciate the massive backyard with all the amenities needed to entertain and host grand gatherings to create priceless experiences and memories. Palos Verdes Estates is a quiet, secluded, and affluent city offering amazing hiking trails, an oceanfront beach club, historic golf and tennis clubs, and highly regarded public schools. Also nearby is Golden Cove shopping center, Terranea Resort, Trump National Golf Club and other attractions. Don't wait, this forever home is ready for the new owners to enjoy just in time for the holiday season.

Last Agent to Sell the Property

Cameron Stearns

Compass License #01920602 Listed on: 10/17/2023

Compass

Co-Listed By

Janet Stearns

Compass License #01851243

Last Buyer's Agent

Chris Adlam

Vista Sotheby's International Realty License #00967574

Vista Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,920

Year Built

  • Built in 1971

Lot Details

  • 0.67 Acre Lot
  • Wood Fence
  • Corner Lot
  • Level Lot
  • Irregular Lot
  • Front and Back Yard Sprinklers
  • Density is up to 1 Unit/Acre
  • Property is zoned PVR1*

Parking

  • Second Garage
  • 5 Car Attached Garage

Property Views

  • Woods
  • Peek-A-Boo

Home Design

  • Custom Home
  • Colonial Architecture
  • Turnkey
  • Brick Exterior Construction
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,433 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Cathedral Ceiling
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Sauna
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms | 5 Main Level Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 5 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower
  • Closet In Bathroom

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Patio
  • Outdoor Grill
  • Rain Gutters
  • Front Porch

Schools

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

Utilities

  • Radiant Heating System
  • 220 Volts in Garage
  • 220 Volts in Workshop

Additional Features

  • No Interior Steps
  • Detached Guest House
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 13 / 2230
  • Tax Tract Number 7144
  • Assessor Parcel Number 7542023013

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,920

Year Built

Built in 1971

Lot Details

0

Parking

5

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: OfficeCall/Text
  • Other Phone Number: 424-241-3311
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Architectural Style: Colonial, Custom Built, Ranch
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7542023013
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4433.00 Square Feet
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), In-Law Floorplan
  • Stories: 1
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Total Bedrooms: 6
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room, In Kitchen, Separated
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 972.82
  • Room Type: Entry, Family Room, Laundry, Living Room, Main Floor Primary Bedroom, Separate Family Room, Walk-In Closet
  • Spa Features: Private, In Ground
  • Bathroom Features: Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Primary Bath, Soaking Tub
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Guest House, Guest House Detached, Sauna Private, Second Garage, Second Garage Attached
  • Exterior Features: Barbecue Private
  • View: Peek-A-Boo, Trees/Woods
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Patio, Front Porch, Rear Porch
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Brick, Brick Veneer, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven
  • Electric: 220 Volts in Garage, 220 Volts in Workshop
  • Heating Type: Electric, Radiant
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Golf, Hiking, Gutters, Suburban

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Level with Street, Lot 20000-39999 Sqft, Irregular Lot, Level, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 29098.00
  • Lot Size Acres: 0.6680

Multi Family

  • Lease Considered: No
  • Lot Size Area: 29098.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 2230
  • Tax Census Tract: 6703.28
  • Tax Lot: 13
  • Tax Tract Number: 7144

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Dec 6, 2023
Sold by
Veale Thomas J and Veale Deborah K
Bought by
Steve Winfield Trust and Winfield
Seller's Agent
Cameron Stearns
Compass
Buyer's Agent
Chris Adlam
Vista Sotheby's International Realty
List Price
$5,000,000
Sold Price
$4,312,500
Premium/Discount to List
-$687,500
-13.75%
Views
121
Current Estimated Value
$4,580,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,495
Avg. Annual Appreciation
5.86%
Original Mortgage
$3,018,750
Outstanding Balance
$2,957,679
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$1,752,536

Purchase Details

Closed on
Apr 24, 1997
Sold by
Feldman Mary Augusta
Bought by
Household Finance Corp Of California

Purchase Details

Closed on
Oct 21, 1996
Sold by
Household Finance Corp Of Calif
Bought by
Veale Thomas J and Veale Deborah K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 1994
Sold by
Housekey Financial Corp
Bought by
Household Finance Corp Of California
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
Steve Winfield Trust $4,312,500 Progressive Title
Household Finance Corp Of California -- --
Household Finance Corp Of California -- --
Household Finance Corp Of California -- --
Household Finance Corp Of California -- --
Veale Thomas J $950,000 Fidelity National Title
Household Finance Corp Of California $351,484 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steve Winfield Trust $3,018,750
Previous Owner Veale Thomas J $1,250,000
Previous Owner Veale Thomas J $875,000
Previous Owner Veale Thomas J $1,000,001
Previous Owner Veale Thomas J $637,100
Previous Owner Veale Thomas J $441,500
Previous Owner Veale Thomas J $1,000,000
Previous Owner Veale Thomas J $331,000
Previous Owner Veale Thomas J $300,000
Previous Owner Veale Thomas J $820,000
Previous Owner Veale Thomas J $100,000
Previous Owner Veale Thomas J $712,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2024 01/19/24 Sold $4,312,500 -10.1% $973 / Sq Ft
12/03/2023 12/03/23 Pending -- -- --
11/07/2023 11/07/23 Price Changed $4,798,000 -4.0% $1,082 / Sq Ft
10/17/2023 10/17/23 For Sale $5,000,000 -- $1,128 / 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 $18,920 $4,398,750 $3,417,204 $981,546
2024 $18,920 $1,516,915 $798,378 $718,537
2023 $18,581 $1,487,173 $782,724 $704,449
2022 $17,712 $1,458,014 $767,377 $690,637
2021 $17,706 $1,429,427 $752,331 $677,096
2020 $17,478 $1,414,771 $744,617 $670,154
2019 $16,992 $1,387,031 $730,017 $657,014
2018 $16,641 $1,359,835 $715,703 $644,132
2016 $15,772 $1,307,032 $687,912 $619,120
2015 $15,601 $1,287,400 $677,579 $609,821
2014 $15,379 $1,262,183 $664,307 $597,876
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23179695

California Regional Multiple Listing Service (CRMLS)

APN: 7542-023-013