NOT LISTED FOR SALE

Estimated Value: $3,851,000 - $5,443,000

5 Beds
5.5 Baths
5,400 Sq Ft
$862/Sq Ft Est. Value

Last Sold January 12, 2022

Last sale price $4,350,000 $806 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $29,386/month

14 Days on Market

Highlights

  • Ocean View
  • Heated In Ground Pool
  • Gourmet Kitchen
  • Point Vicente Elementary School Rated A+
  • Sauna
  • 0.48 Acre Lot

About This Home

As of January 2022

Welcome to the recently renovated ultimate in resort-like living on the Palos Verdes Peninsula, with truly awe inspiring views. As you enter, you are greeted with high ceilings, curated interior details, and bespoke finishes. The home gracefully flows between rooms, arriving at sliding doors that unveil an enormous upper-level balcony, with breathtaking views of Catalina Island, ocean and golf courses overlooking the lush landscaped backyard. Featuring five bedrooms (3 on-suite) and 5.5 bathrooms, this spacious property is for both a family and entertainers paradise. No expense was spared in extensively remodeling the property, including recently installed Wolf and Sub-Zero kitchen appliances to complement a complete kitchen remodel, custom imported Italian marble floors, and a massive showpiece bar with light-up Onyx finishes. The property has been meticulously maintained and extensively remodeled, including extending the upper-level balcony, expanding the courtyard, enhancing the backyard/pool, and enclosing the lower-level deck, as well as updating all 5.5 bathrooms throughout the home. A huge master suite on the ground level awaits, with sauna/steam shower, his and hers closet spaces, and recently re-designed master bathroom. Privately gated and surrounded by tall hedges, this sanctuary has space for up to ten parking spaces. Located near award winning Palos Verdes schools, Los Verdes golf course, and world renowned Terranea Resort.

Last Agent to Sell the Property

Ram Handa

Compass License #02069586 Listed on: 11/15/2021

Compass

Last Buyer's Agent

Jong Tae Kim

Jong Tae Kim Broker License #01904536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,544

Year Built

  • Built in 1967

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 141x150
  • Gated Home
  • Corner Lot
  • Sprinkler System
  • Property is zoned RPRS20000*

HOA Fees

  • $13 Monthly HOA Fees

Property Views

  • Ocean
  • Catalina
  • Golf Course
  • Pool

Home Design

  • Mediterranean Architecture
  • Turnkey

Interior Spaces

  • 5,400 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Bar
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Formal Entry
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room
  • Dining Room
  • Den with Fireplace
  • Sun or Florida Room
  • Storage
  • Sauna

Kitchen

  • Gourmet Kitchen
  • Double Convection Oven
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Marble
  • Travertine

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Alarm System
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Parking

  • 10 Parking Spaces
  • Converted Garage
  • Driveway

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Waterfall Pool Feature

Outdoor Features

  • Living Room Balcony
  • Outdoor Fireplace
  • Fire Pit
  • Outdoor Gas Grill

Utilities

  • Air Conditioning
  • Central Heating
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 7581-012-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,544

Year Built

Built in 1967

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Complex Name: Monaco
  • Living Area: 5400
  • Lot Acreage: 0.4829
  • Lot Dimensions: 141x150
  • Stories: 2
  • Year Built: 1967
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Bar, Built-Ins, Turnkey, High Ceilings (9 Feet+), Wet Bar, Living Room Balcony, Storage Space, Recessed Lighting
  • Fireplace Rooms: Den, Fire Pit, Master Bedroom, Gas and Wood, Family Room, Exterior
  • Flooring: Marble, Travertine
  • Appliances: Built-In Gas, Convection Oven, Double Oven, Gas Grill, Range, Built-Ins, Microwave
  • Bedrooms: 5
  • Fireplaces: 3
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Bedroom Features: Main Floor Bedroom, Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled, Powder Room
  • Three Quarter Bathrooms: 4
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Dining Area, In Kitchen, Kitchen Island
  • Kitchen Features: Remodeled, Gourmet Kitchen, Island
  • Laundry: Inside, Laundry Area
  • Total Bathrooms: 6.00
  • Den: 1
  • Equipment: Microwave, Garbage Disposal, Bar Ice Maker, Alarm System, Dishwasher, Range/Oven, Refrigerator, Vented Exhaust Fan, Washer, Freezer, Dryer, Built-Ins, Ceiling Fan, Ice Maker, Recirculated Exhaust Fan
  • Fireplace: Yes
  • Price Per S Q F T: 831.48

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), Sprinkler System, Sauna Private
  • Other Structures: None
  • Pool Description: Heated, In Ground, Waterfall, Private
  • Pool: Yes
  • Spa: In Ground, Heated, Private
  • Spa Yn: Yes
  • View: Catalina, Pool, Ocean, Golf Course
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Converted Garage
  • Total Parking: 10

Utilities

  • Cooling: Air Conditioning, Ceiling Fan
  • Heating: Central, Fireplace
  • Security: Gated, Exterior Security Lights, Carbon Monoxide Detector(s), Fire and Smoke Detection System

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • HOA Fees: 150.00
  • HOA: Yes

Schools

  • School District: Palos Verdes Peninsula

Lot Info

  • Assessor Parcel Number: 7581-012-016
  • Lot Location: Corner Lot
  • Lot Size Area: 21036

MLS Schools

  • School District: Palos Verdes Peninsula

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2022
Sold by
Sungbin Kim
Bought by
Sagomi Inc
Current Estimated Value
$4,653,852

Purchase Details

Listed on
Nov 15, 2021
Closed on
Nov 30, 2021
Sold by
Handa Family Trust
Bought by
Kim Sungbin
Seller's Agent
Ram Handa
Compass
Buyer's Agent
Jong Tae Kim
Jong Tae Kim Broker
List Price
$4,490,000
Sold Price
$4,350,000
Premium/Discount to List
-$140,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.54%
Original Mortgage
$2,500,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2012
Sold by
Handa Ajay and Handa Reva
Bought by
Handa Ajay and Handa Reva

Purchase Details

Closed on
Jul 31, 1998
Sold by
Itakura Naoaki and Itakura Junko
Bought by
Handa Ajay and Handa Reva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.88%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Sagomi Inc -- Accommodation/Courtesy Recordi
Kim Sungbin $4,350,000 Lawyers Title
Handa Ajay -- None Available
Handa Ajay $810,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Sungbin $2,500,000
Previous Owner Handa Ajay $1,729,000
Previous Owner Handa Ajay $1,773,500
Previous Owner Handa Ajay $331,250
Previous Owner Handa Ajay $1,560,000
Previous Owner Handa Ajay $200,000
Previous Owner Handa Ajay $1,429,400
Previous Owner Handa Ajay $1,275,000
Previous Owner Handa Ajay $1,150,000
Previous Owner Handa Ajay $975,000
Previous Owner Handa Ajay $45,000
Previous Owner Handa Ajay $648,000
Closed Handa Ajay $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2022 01/12/22 Sold $4,350,000 -3.1% $806 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $4,490,000 -- $831 / Sq Ft
Source: The MLS

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 $50,544 $4,616,254 $3,183,624 $1,432,630
2024 $50,544 $4,525,740 $3,121,200 $1,404,540
2023 $49,752 $4,437,000 $3,060,000 $1,377,000
2022 $16,067 $1,399,364 $876,475 $522,889
2021 $15,992 $1,371,927 $859,290 $512,637
2019 $15,301 $1,331,237 $833,804 $497,433
2018 $15,023 $1,305,135 $817,455 $487,680
2016 $14,244 $1,254,457 $785,713 $468,744
2015 $14,263 $1,235,615 $773,911 $461,704
2014 $14,070 $1,211,412 $758,752 $452,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-104919

The MLS

APN: 7581-012-016