NOT LISTED FOR SALE

5718 Ravenspur Dr Unit 306 Rancho Palos Verdes, CA 90275

Estimated Value: $674,000 - $725,400

2 Beds
2 Baths
1,387 Sq Ft
$650/mo HOA Fee

Last Sold October 15, 2024

Last sale price $685,000 $494 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,010/month

82 Days on Market

Highlights

  • Primary Bedroom Suite
  • 0.73 Acre Lot
  • Community Pool
  • Soleado Elementary Rated A+
  • View of Hills
  • Cooling Available

About This Home

As of October 2024

NEW PRICE!!! Welcome to this extraordinary top-floor condo that redefines contemporary urban living. This spacious 2-bedroom, 2-bathroom residence greets you with an expansive open layout, making every corner a delight. The living area is graced by a fireplace, offering a cozy focal point and warm atmosphere perfect for relaxation and entertainment. Step outside onto your private patio, an oasis where you can unwind, enjoy your morning coffee and take in views of the pool. The kitchen features white cabinets and a separate space just off the kitchen, perfect for a dining table. The hall bathroom includes a tub for your convenience. The spacious primary suite is a sanctuary of relaxation, adorned with plush carpeting and double closets for ample storage. The ensuite bathroom is bathed in natural light, enhancing the luxurious feel of the suite. Additional highlights include in-unit laundry with a washer and dryer, two side-by-side parking spaces, and two large storage lockers in a secure gated subterranean garage. The community offers a lovely patio and a swimming pool for your enjoyment. Situated in a prime location, this condo is a leisurely stroll away from the Peninsula Promenade, offering a variety of shops and restaurants, and is walkable from the well-known Palos Verdes Peninsula High School. From abundant natural light to the private patio and designer fixtures, every feature has been thoughtfully designed to elevate your lifestyle.

Last Agent to Sell the Property

DeDe Hsu

Estate Properties Brokerage Phone: 310-722-9222 License #01023899 Listed on: 07/05/2024

Estate Properties

Last Buyer's Agent

DeDe Hsu

Estate Properties Brokerage Phone: 310-722-9222 License #01023899 Listed on: 07/05/2024

Estate Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,053

Year Built

  • Built in 1973

Lot Details

  • Two or More Common Walls

HOA Fees

  • $650 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Hills
  • Pool

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,387 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 31397
  • Assessor Parcel Number 7589006083
  • $924 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 21 Units
  • Ravenspur Condominium Owner's Association, Phone Number (310) 444-7444
  • Allstate HOA
  • Maintained Community

Recreation

  • Community Pool
  • Community Spa

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,053

Year Built

Built in 1973

Lot Details

0

HOA Fees

$650 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: RPRM2000*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7589006083
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1387.00 Square Feet
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 493.87
  • Room Type: Living Room, Primary Suite

Exterior Features

  • View: Hills, Pool
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Refrigerator
  • Heating Type: Radiant
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Gas, Insurance, Maintenance Grounds, Trash, Water, Controlled Access
  • Association Fee: 650.00
  • Association Fee Frequency: Monthly
  • Association Name: Ravenspur Condominium Owner's Association
  • Phone: 310-444-7444
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: Allstate

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 31915.00
  • Lot Size Acres: 0.7327

Multi Family

  • Lease Considered: No
  • Lot Size Area: 31915.0000 Square Feet
  • Number Of Units In Community: 21
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6704.07
  • Tax Lot: 1
  • Tax Tract Number: 31397
  • TaxOtherAnnualAssessmentAmount: 924.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
Mar 13, 2020
Sold by
Kim Susan H
Bought by
Lum Sai Gek
Seller's Agent
Julie Shin
Julie Shin & Associates, Inc.
Buyer's Agent
Catarina Iwata
Rockyfield
List Price
$589,000
Sold Price
$620,000
Premium/Discount to List
$31,000
5.26%
Current Estimated Value
$703,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,350
Avg. Annual Appreciation
2.27%
Original Mortgage
$465,000
Outstanding Balance
$411,039
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$292,311

Purchase Details

Closed on
Dec 2, 2019
Sold by
Kim Andrew D and Kim Carol Drake
Bought by
Kim Susan H

Purchase Details

Closed on
May 2, 1995
Sold by
Kennebeck John E and Kennebeck Catherine M
Bought by
Kim Susan H and Kim Andrew D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,100
Interest Rate
7.74%
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
Lum Sai Gek $620,000 Chicago Title Company
Kim Susan H -- None Available
Kim Susan H $178,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lum Sai Gek $465,000
Previous Owner Kim Susan H $169,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2024 10/15/24 Sold $685,000 -2.0% $494 / Sq Ft
09/20/2024 09/20/24 Price Changed $699,000 -2.9% $504 / Sq Ft
08/23/2024 08/23/24 Price Changed $720,000 -1.0% $519 / Sq Ft
07/21/2024 07/21/24 Price Changed $727,000 -2.4% $524 / Sq Ft
07/05/2024 07/05/24 For Sale $745,000 +20.2% $537 / Sq Ft
03/18/2020 03/18/20 Sold $620,000 +5.3% $447 / Sq Ft View Prior Sale
02/18/2020 02/18/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $589,000 -- $425 / 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 $8,053 $685,000 $374,200 $310,800
2024 $8,053 $664,763 $399,287 $265,476
2023 $7,936 $651,729 $391,458 $260,271
2022 $7,541 $638,951 $383,783 $255,168
2021 $7,495 $626,423 $376,258 $250,165
2020 $5,764 $460,903 $189,947 $270,956
2019 $3,628 $265,064 $65,813 $199,251
2018 $3,588 $259,868 $64,523 $195,345
2016 $3,400 $249,778 $62,018 $187,760
2015 $3,386 $246,027 $61,087 $184,940
2014 $3,348 $241,209 $59,891 $181,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV24134726

California Regional Multiple Listing Service (CRMLS)

APN: 7589-006-083