NOT LISTED FOR SALE

28987 Palos Verdes Dr E Rancho Palos Verdes, CA 90275

Estimated Value: $1,860,949 - $2,177,000

4 Beds
2 Baths
2,200 Sq Ft
$908/Sq Ft Est. Value

Last Sold June 11, 2019

Last sale price $1,389,000 $631 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $12,072/month

20 Days on Market

Highlights

  • Ocean View
  • Community Stables
  • Midcentury Modern Architecture
  • Dapplegray Elementary School Rated A+
  • 0.51 Acre Lot
  • Deck

About This Home

As of June 2019

Tucked away off the main road down a long hidden driveway you will find the Edson residence, by celebrated mid century Tozier & Abbott architects. One of the rare Palos Verdes homes designed with architectural significance and timeless influence on one of the greatest eras. Recently restored and updated including a hand painted protective sealant on the exterior, new landscaping, replaced dual pane windows, air conditioning, quartz counters, as well as other meticulous care has been given to this bespoke home. Ocean views are optimized from the rear balcony and it's easy to imagine a pool in the huge backyard. Live with various indoor/outdoor living patios, enjoy the abundance of natural light from windows and skylights, and entertain with separate living spaces within the home. The property is walking distance to the Miraleste Intermediate School & Library (actually, its just across the rear yard!) and adjacent to one of Palos Verdes award winning schools! You wouldn’t know the house was so closely integrated with the city and schools, with just a short 10 minute drive to the freeways, as it was uniquely designed to preserve the feeling of living in the countryside so you can easily imagine you are hours from civilization.

Last Agent to Sell the Property

Anthony Accardo

Compass License #01863340 Listed on: 04/22/2019

Compass

Last Buyer's Agent

Stephanie Buccella

First Team Real Estate License #01719248

First Team Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,636

Year Built

  • Built in 1974

Lot Details

  • 0.51 Acre Lot
  • Property fronts a private road
  • Gentle Sloping Lot
  • Property is zoned RPRS20000&E*

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces

Property Views

  • Ocean
  • Harbor
  • Woods

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Separate Family Room
  • Living Room with Fireplace
  • Loft
  • Wood Flooring
  • Laundry Room

Kitchen

  • Double Oven
  • Gas Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 6707
  • Assessor Parcel Number 7566022033

Community Details

Overview

  • No Home Owners Association

Recreation

  • Community Stables
  • Horse Trails
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,636

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: RPRS20000&E*
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7566022033
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2200.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 631.36
  • Room Type: Loft, Separate Family Room

Exterior Features

  • Patio: Yes
  • View: Harbor, Ocean, Trees/Woods
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Gas Range, Range Hood, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Septic Type Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Horse Trails, Stable(s)

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping
  • Lot Size Sq Ft: 22421.00
  • Lot Size Acres: 0.5147

Multi Family

  • Lease Considered: No
  • Lot Size Area: 22421.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6707.02
  • Tax Lot: 2
  • Tax Tract Number: 6707

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2019
Closed on
Jun 3, 2019
Sold by
Edson Jeffrey P and Patricia L Edson Trust
Bought by
Yavatkar Rajendra S and Yavatkar Neeta R
Seller's Agent
Anthony Accardo
Compass
Buyer's Agent
Stephanie Buccella
First Team Real Estate
List Price
$1,429,000
Sold Price
$1,389,000
Premium/Discount to List
-$40,000
-2.8%
Current Estimated Value
$1,997,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,737
Avg. Annual Appreciation
5.28%
Original Mortgage
$1,000,000
Outstanding Balance
$884,603
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$1,026,611

Purchase Details

Closed on
Jul 27, 2018
Sold by
Edson Patricia L
Bought by
Edson Patricia L and Edson Jeffrey P

Purchase Details

Closed on
Jun 10, 2000
Sold by
Edson Patricia L
Bought by
Edson Patricia L and Patricia L Edson Trust
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
Yavatkar Rajendra S $1,389,000 Lawyers Title
Edson Patricia L -- None Available
Edson Patricia L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yavatkar Rajendra S $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2019 06/11/19 Sold $1,389,000 -2.8% $631 / Sq Ft
05/12/2019 05/12/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $1,429,000 0.0% $650 / Sq Ft
07/15/2016 07/15/16 Rented $4,400 0.0% --
07/03/2016 07/03/16 For Rent $4,400 +2.3% --
05/17/2016 05/17/16 Rented $4,300 +2.4% --
05/17/2016 05/17/16 Under Contract -- -- --
05/14/2016 05/14/16 For Rent $4,200 -- --
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 $17,636 $1,549,452 $1,239,563 $309,889
2024 $17,636 $1,519,071 $1,215,258 $303,813
2023 $17,341 $1,489,286 $1,191,430 $297,856
2022 $16,415 $1,460,085 $1,168,069 $292,016
2021 $16,359 $1,431,457 $1,145,166 $286,291
2019 $2,635 $162,812 $78,218 $84,594
2018 $2,528 $159,621 $76,685 $82,936
2016 $2,385 $153,424 $73,708 $79,716
2015 $2,531 $151,120 $72,601 $78,519
2014 $2,518 $148,160 $71,179 $76,981
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV19089363

California Regional Multiple Listing Service (CRMLS)

APN: 7566-022-033