NOT LISTED FOR SALE

57 Margate Square Palos Verdes Estates, CA 90274

Estimated Value: $2,311,207 - $2,744,000

3 Beds
3 Baths
2,659 Sq Ft
$926/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $2,065,000 $777 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $15,330/month

30 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Primary Bedroom Suite
  • Lunada Bay Elementary School Rated A+
  • Heated Spa
  • Updated Kitchen

About This Home

As of October 2023

Once upon a time, you happen upon a cul de sac, with a meandering path which leads you to a delightful home in a garden setting located in a much sought after neighborhood which is walking distance to schools, cliffs and local village. A bit of "southern comfort" welcomes you as you enter through double beveled glass doors. Inviting living room with fireplace, remodeled powder room, enormous kitchen with tons of storage and an 8 burner commercial stove, with fill water faucet, a huge refrigerator and a Bosch dishwasher complete the picture of this chef's kitchen which is adjacent to the family room. French doors provide easy access to the rear yard to enjoy the like new jacuzzi spa. Once upstairs, you will find a lovely primary suite with vaulted ceilings and two sets of sliding French doors. You will be beckoned to the very large deck with pleasing views of trees and blue skies. Fresh new vanity, and separate tub/shower/commode come in handy! The two oversized secondary bedrooms boast super large walk in closets, new ceiling fans with lots of sunshine. The hallway showcases a very large walk in area with a barn door and skylight which can be used for more storage, craft or study area. You will find a handy laundry area and good size sunlit bathroom with walk in shower at the opposite end of the hallway. A two car garage with alley access behind the home, also provides 2 spaces behind the garage. 220 volt provided in garage for electric vehicles. BE THE FIRST TO ENJOY NEW FLOORS, NEW CARPETING, MANY NEW FIXTURES, ACCESSORIES AND LIGHTING THROUGHOUT THIS HOME

Last Agent to Sell the Property

Heidi Brown

Coldwell Banker Realty License #01846073 Listed on: 07/30/2023

Coldwell Banker Realty

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

  • $24,240

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 4,785 Sq Ft Lot
  • Cul-De-Sac
  • Fenced
  • Stucco Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Front Yard Sprinklers
  • Lawn
  • Back and Front Yard
  • Property is zoned PVR1*

Parking

  • 2 Car Direct Access Garage
  • Electric Vehicle Home Charger
  • Parking Available
  • Rear-Facing Garage

Property Views

  • Ocean
  • Woods
  • Peek-A-Boo
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Shake Roof
  • Stucco

Interior Spaces

  • 2,659 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Casement Windows
  • Double Door Entry
  • French Doors
  • Sliding Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Laminate Countertops
  • Pots and Pans Drawers
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Mirrored Closets Doors
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated Spa
  • Above Ground Spa
  • Fiberglass Spa

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 16 / 1370
  • Tax Tract Number 7140
  • Assessor Parcel Number 7541013019
  • $1,780 per year additional tax assessments

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Golf Course Community
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,240

Year Built

Built in 1962 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: PVR1*
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7541013019
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2659.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Recessed Lighting, Track Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Double Door Entry, French Doors, Mirror Closet Door(s), Sliding Doors
  • Eating Area: Area, Family Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room, Master Retreat, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 776.61
  • Room Type: All Bedrooms Up, Family Room, Foyer, Kitchen, Living Room, Master Suite, Walk-In Closet
  • Spa Features: Private, Above Ground, Fiberglass, Heated
  • Window Features: Casement Windows, Double Pane Windows
  • Bathroom Features: Bathtub, Shower In Tub, Exhaust Fan(s), Laminate Counters, Remodeled, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood, Ocean, Peek-A-Boo, Trees/Woods
  • Fence: Yes
  • Fencing: Stucco Wall
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Shake
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Paved, Garage, Garage Faces Rear, Electric Vehicle Charging Station(s)
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Water Heater
  • Heating Type: Central, Fireplace(s), Natural Gas
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Upper Level, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Gutters, Storm Drains, Street Lights, Suburban

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Landscaped, Lawn, Paved, Sprinkler System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 4785.00
  • Lot Size Acres: 0.1098

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4785.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 1370
  • Tax Census Tract: 6703.26
  • Tax Lot: 16
  • Tax Tract Number: 7140
  • TaxOtherAnnualAssessmentAmount: 1780.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2023
Closed on
Sep 6, 2023
Sold by
Muennichow Erik and Muennichow Susan C
Bought by
Aghaei Siavash Biuck and Aghaei Fereshteh Azimi
Seller's Agent
Heidi Brown
Coldwell Banker Realty
Buyer's Agent
Shawn Nejad
Vista Sotheby's International Realty
List Price
$2,199,000
Sold Price
$2,065,000
Premium/Discount to List
-$134,000
-6.09%
Views
161
Current Estimated Value
$2,461,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,802
Avg. Annual Appreciation
10.73%
Original Mortgage
$1,089,300
Outstanding Balance
$1,069,294
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$1,444,744

Purchase Details

Closed on
Mar 10, 2000
Sold by
Iyer Swamy S
Bought by
Muennichow Erik and Muennichow Susan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Aghaei Siavash Biuck $2,100,000 Progressive Title Company
Muennichow Erik $599,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aghaei Siavash Biuck $1,089,300
Previous Owner Muennichow Brik $640,000
Previous Owner Muennichow Erik $749,800
Previous Owner Muennichow Erik $810,770
Previous Owner Muennichow Erik $875,000
Previous Owner Muennichow Erik $200,000
Previous Owner Muennichow Erik $102,950
Previous Owner Muennichow Erik $527,000
Previous Owner Muennichow Erik $479,200
Previous Owner Iyer Swamy S $402,300
Closed Muennichow Erik $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold $2,065,000 -6.1% $777 / Sq Ft
08/29/2023 08/29/23 Pending -- -- --
07/30/2023 07/30/23 For Sale $2,199,000 -- $827 / 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 $24,240 $2,106,300 $1,692,486 $413,814
2024 $24,240 $2,065,000 $1,659,300 $405,700
2023 $12,230 $965,790 $689,447 $276,343
2022 $11,659 $946,854 $675,929 $270,925
2021 $11,669 $928,289 $662,676 $265,613
2020 $11,517 $918,772 $655,882 $262,890
2019 $11,199 $900,758 $643,022 $257,736
2018 $11,110 $883,097 $630,414 $252,683
2016 $10,527 $848,807 $605,935 $242,872
2015 $10,411 $836,058 $596,834 $239,224
2014 $10,257 $819,681 $585,143 $234,538
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23140260

California Regional Multiple Listing Service (CRMLS)

APN: 7541-013-019