NOT LISTED FOR SALE

3012 Palos Verdes Dr W Palos Verdes Peninsula, CA 90274

Estimated Value: $2,878,000 - $3,143,000

4 Beds
2.5 Baths
2,854 Sq Ft
$1,066/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $2,050,000 $718 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $18,913/month

12 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Updated Kitchen
  • Silver Spur Elementary School Rated A+
  • Primary Bedroom Suite
  • Contemporary Architecture

About This Home

As of April 2016

Fully remodeled with spectacular ocean, sunset and Catalina Island views. Views from almost every room with expansive wrap-around balconies. Home features 2,854 SF, 4bedrooms, 3bathrooms and over 1,400 SF of garage and storage space not included in stated SF. Custom fireplaces, formal living room, family room, and pool. Other features include extensive storage area, outdoor living area, and inspiration lookout point. This home is an absolute gem in the heart of Luanda Bay.

Last Agent to Sell the Property

Scott Nollner

Simonetti & Associates License #01373935 Listed on: 02/14/2016

Last Buyer's Agent

Tony Nafissi

Berkshire Hathaway HomeServices California Properties License #01129463

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,794

Year Built

  • Built in 1975 | Remodeled

Lot Details

  • 9,963

Parking

  • 3 Car Garage

Property Views

  • Ocean
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Turnkey
  • Additions or Alterations
  • Tile Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,854 Sq Ft Home
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Double Door Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Utility Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Pool

  • In Ground Pool
  • In Ground Spa
  • Gas Heated Pool
  • Gunite Pool

Outdoor Features

  • Balcony
  • Rain Gutters

Additional Features

  • 9,963 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 7332
  • Assessor Parcel Number 7543034002

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,794

Year Built

Built in 1975 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Architectural Style: Contemporary, Modern
  • Property Condition: Additions/Alterations, Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7543034002
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2854.00
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Copper Plumbing Full, Living Room Deck Attached, Recessed Lighting, Stone Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Double Door Entry
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Price Per Square Foot: 718.29
  • Room Type: All Bedrooms Up, Family Room, Foyer, Living Room, Master Suite, Walk-In Closet, Utility Room
  • Spa Features: In Ground
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Exterior Features: Rain Gutters
  • View: Catalina, City Lights, Ocean, Panoramic, Water
  • Pool Features: Gunite, Gas Heat, In Ground
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Dishwasher, Disposal, Gas Cooktop, Microwave, Refrigerator
  • Heating Type: Forced Air, Fireplace(s)
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 9963.00
  • Price Per Lot Square Foot: 205.76
  • Lot Size Acres: 0.2290

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9963.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 7332

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2016
Closed on
Mar 7, 2016
Sold by
Rangwala Faisal
Bought by
Williams Jason M and Williams Sandra H
Seller's Agent
Scott Nollner
Simonetti & Associates
Buyer's Agent
Tony Nafissi
Berkshire Hathaway HomeServices California Properties
List Price
$2,099,000
Sold Price
$2,050,000
Premium/Discount to List
-$49,000
-2.33%
Current Estimated Value
$3,031,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$981,365
Avg. Annual Appreciation
4.31%
Original Mortgage
$1,640,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 2, 2013
Closed on
Mar 28, 2014
Sold by
Chiang Raymond K
Bought by
Rangwala Faisal and Stuhlmuller Annie
Seller's Agent
Daniel Chen
FULLHOUSE REALTY
Buyer's Agent
Scott Nollner
Simonetti & Associates
List Price
$1,599,000
Sold Price
$1,300,000
Premium/Discount to List
-$299,000
-18.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.29%
Original Mortgage
$850,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 5, 2004
Sold by
Chiang Raymond K
Bought by
Chiang Raymond K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$885,000
Interest Rate
4.28%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Williams Jason M $2,050,000 Lawyers Title Company
Rangwala Faisal $1,300,000 Chicago Title Insurance
Chiang Raymond K -- --
Chiang Raymond K -- Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Jason $100,000
Open Williams Jason M $1,803,700
Closed Williams Jason M $1,750,000
Closed Williams Jason M $1,640,000
Closed Williams Jason M $1,640,000
Previous Owner Rangwala Faisal $1,090,000
Previous Owner Rangwala Faisal $110,000
Previous Owner Rangwala Faisal $980,000
Previous Owner Rangwala Faisal $100,000
Previous Owner Rangwala Faisal $850,000
Previous Owner Chiang Raymond K $350,000
Previous Owner Chiang Raymond K $200,000
Previous Owner Chiang Raymond K $969,500
Previous Owner Chiang Raymond K $885,000
Previous Owner Chiang Raymond K $150,000
Previous Owner Chiang Raymond K $20,000
Previous Owner Chiang Raymond K $30,000
Previous Owner Chiang Raymond K $95,000
Previous Owner Chiang Raymond K $672,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2016 04/08/16 Sold $2,050,000 -2.3% $718 / Sq Ft
02/26/2016 02/26/16 Pending -- -- --
02/14/2016 02/14/16 For Sale $2,099,000 +61.5% $735 / Sq Ft
04/03/2014 04/03/14 Sold $1,300,000 -7.1% $456 / Sq Ft
02/11/2014 02/11/14 Pending -- -- --
12/19/2013 12/19/13 Price Changed $1,399,000 -12.5% $490 / Sq Ft
10/02/2013 10/02/13 For Sale $1,599,000 -- $560 / 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 $27,794 $2,426,779 $1,929,706 $497,073
2024 $27,794 $2,379,196 $1,891,869 $487,327
2023 $27,328 $2,332,546 $1,854,774 $477,772
2022 $25,975 $2,286,810 $1,818,406 $468,404
2021 $25,972 $2,241,971 $1,782,751 $459,220
2020 $25,626 $2,218,984 $1,764,472 $454,512
2019 $24,867 $2,175,475 $1,729,875 $445,600
2018 $24,675 $2,132,819 $1,695,956 $436,863
2016 $15,882 $1,346,194 $1,035,534 $310,660
2015 $15,713 $1,325,974 $1,019,980 $305,994
2014 $6,593 $471,543 $166,283 $305,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16030759

California Regional Multiple Listing Service (CRMLS)

APN: 7543-034-002