$2,190,000
SOLD OCT 22, 2021

5540 Scotwood Dr Rancho Palos Verdes, CA 90275

4 Beds
3.5 Baths
2,638 Sq Ft
9,025 Sq Ft Lot

Recently Sold

$830 Per Sq Ft

11% Above List Price

8 Days on Market

Highlights

  • Heated In Ground Pool
  • Peek-A-Boo Views
  • Property is near a park
  • Soleado Elementary Rated A+
  • Dual Staircase
  • Attic

About This Home

As of October 2021

As you drive down the street, the first thing you see is the city lights. When you arrive at the house; the curb appeal with lawn, fountain, and elegant shingle/stone decor greet you. The special front doors are all part of the curb appeal. This is a remodeled home with Travertine marble floors in the entry, kitchen, breakfast area, and family room. The living room has high beamed ceiling and large windows to bring the backyard half lawn and half step down pool inside. There is a built-in barbecue, fountain, and lush landscaping in the backyard. When you go downstairs; you are invited into the family room with french doors and a bed and bath. There are 3 1/2 baths and 3 of them have been remodeled. Upstairs are 3 bedrooms including the master suite. Some of the amenities are air conditioning, central vac, plus alarm and camera system. This is truly an elegant home that you don't want to miss.

Last Agent to Sell the Property

Cindy Chew

Estate Properties License #00868304 Listed on: 09/09/2021

Estate Properties

Last Buyer's Agent

Shawn Nejad

Vista Sotheby's International Realty License #01084309

Vista Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,910

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 9,025 Sq Ft Lot
  • Wrought Iron Fence
  • Vinyl Fence
  • Wood Fence
  • Fence is in excellent condition
  • Landscaped
  • Sprinklers Throughout Yard
  • Lawn
  • Garden
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener
  • Driveway Up Slope From Street
  • On-Street Parking

Home Design

  • Combination Foundation
  • Fire Rated Drywall
  • Concrete Roof

Interior Spaces

  • 2,638 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Dual Staircase
  • Crown Molding
  • Beamed Ceilings
  • Gas Fireplace
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Casement Windows
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Peek-A-Boo Views
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Convection Oven
  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • Granite Bathroom Countertops
  • Low Flow Toliet
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Alarm System
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Gas Heated Pool
  • Saltwater Pool

Outdoor Features

  • Open Patio
  • Exterior Lighting
  • Shed
  • Outdoor Grill
  • Rain Gutters
  • Front Porch

Location

  • Property is near a park

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Tax Lot 176
  • Tax Tract Number 27789
  • Assessor Parcel Number 7574017003

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,910

Year Built

Built in 1965 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Closed Circuit Camera(s), Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7574017003
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2638.00 Square Feet
  • Interior Amenities: 2 Staircases, Beamed Ceilings, Crown Molding, Vacuum Central
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 830.17
  • Room Type: Attic, Entry, Family Room, Kitchen, Living Room, Master Bathroom, Master Bedroom
  • Window Features: Blinds, Casement Windows, Custom Covering, Double Pane Windows, Drapes
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower, Shower In Tub, Closet In Bathroom, Exhaust Fan(s), Granite Counters, Remodeled
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • Patio: Yes
  • Foundation: Combination
  • Other Structures: Shed(s)
  • Exterior Features: Barbecue Private, Lighting, Rain Gutters
  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Excellent Condition, Vinyl, Wood, Wrought Iron
  • Patio And Porch Features: Patio Open, Front Porch, Stone
  • Pool Features: Private, Heated, Gas Heat, In Ground, Salt Water
  • Pool Private: Yes
  • Roof: Concrete
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking Features: Built-In Storage, Direct Garage Access, Driveway, Concrete, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage Door Opener, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Convection Oven, Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Range Hood, Refrigerator, Water Heater, Water Line to Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Schools

  • School District: Palo Verde Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Landscaped, Lawn, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer, Walkstreet
  • Lot Size Sq Ft: 9025.00
  • Lot Size Acres: 0.2072

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9025.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 176
  • Tax Tract Number: 27789

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2023
Sold by
Hakim and Paris
Bought by
Hakim Shoghi Family Trust and Hakim
Current Estimated Value
$2,247,591

Purchase Details

Listed on
Sep 9, 2021
Closed on
Sep 19, 2021
Sold by
Andersen Terry J and Andersen Merry
Bought by
Hakim Hooman and Shoghi Paris
Seller's Agent
Cindy Chew
Estate Properties
Buyer's Agent
Shawn Nejad
Vista Sotheby's International Realty
List Price
$1,975,000
Sold Price
$2,190,000
Premium/Discount to List
$215,000
10.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.69%
Original Mortgage
$1,600,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 8, 2015
Closed on
May 21, 2015
Sold by
Kao Yu Shih
Bought by
Andersen Terry J and Andersen Merry
Seller's Agent
Jackie Wang-Dojiri
Estate Properties
Buyer's Agent
Cindy Chew
Estate Properties
List Price
$1,550,000
Sold Price
$1,500,000
Premium/Discount to List
-$50,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%
Original Mortgage
$700,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2013
Sold by
Kao Yu Shih
Bought by
Kao Yu Shih and Kao Hui Shu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.53%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Grant Deed $2,190,000 Progressive Title Company
Grant Deed $1,500,000 Pacific Coast Title Company
Interfamily Deed Transfer -- Nextitle
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,600,000 New Conventional
Previous Owner $700,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $2,190,000 +10.9% $830 / Sq Ft
09/09/2021 09/09/21 For Sale $1,975,000 +31.7% $749 / Sq Ft
06/18/2015 06/18/15 Sold $1,500,000 -3.2% $569 / Sq Ft
05/17/2015 05/17/15 Pending -- -- --
04/08/2015 04/08/15 For Sale $1,550,000 0.0% $588 / Sq Ft
06/15/2013 06/15/13 Rented $4,250 +1.2% --
05/23/2013 05/23/13 Under Contract -- -- --
05/21/2013 05/21/13 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
2024 $25,910 $2,278,475 $1,822,780 $455,695
2023 $25,453 $2,233,800 $1,787,040 $446,760
2022 $24,151 $2,190,000 $1,752,000 $438,000
2021 $18,961 $1,675,730 $1,308,626 $367,104
2019 $18,020 $1,616,084 $1,269,812 $346,272
2018 $17,878 $1,584,397 $1,244,914 $339,483
2016 $16,985 $1,522,874 $1,196,573 $326,301
2015 $10,854 $934,306 $789,536 $144,770
2014 $10,705 $916,006 $774,071 $141,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV21199480

California Regional Multiple Listing Service (CRMLS)

APN: 7574-017-003