NOT LISTED FOR SALE

Estimated Value: $4,338,000 - $5,123,216

3 Beds
5 Baths
3,615 Sq Ft
$1,307/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $4,000,000 $1,107 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $29,009/month

11 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Heated In Ground Pool
  • Montemalaga Elementary School Rated A+
  • Community Stables
  • Primary Bedroom Suite

About This Home

As of October 2021

Welcome to this perfectly situated Lower Malaga Cove home in the beautiful city of Palos Verdes Estates! Offering beathtaking views of the Pacific Ocean, Coastline and Queen's Necklace, this coveted location is within walking distance of Bluff Cove, the Malaga Cove Plaza and the Beach. With over 3,600 sqft of indoor living space, the bedrooms are over-sized and all are en-suite, each with their own full bathrooms. The spectacular resort-style backyard features a heated salt-system pool and spa, water features, outdoor kitchen with Viking grill, gas cooktops, warming drawer and refrigerator, outdoor fireplace and a wood-burning pizza oven. The interior of the home has been tastefully updated with granite counters, custom cabinetry, Thermador kitchen appliances, wet bar, walk-in pantry, 4 gas fireplaces, hardwood floors, security alarm system, Sonos sound system, whole-house water filtration, fully owned solar energy system and air-conditioning. The yard is professionally landscaped and fully usable with enchanting paths and seating areas offering sweeping ocean and coastline views. Enjoy complete privacy in this secure and completely fenced yard rich with many mature fruit trees including lemon, lime, apple, pear, nectarine and fig. Don't miss this rare opportunity to own an incredible home in one of the most highly sought after nieghborhoods awarding its residents with a phenomenal climate and unparalled lifestyle year-round.

Last Agent to Sell the Property

Tricia Rapaport

Estate Properties License #01339473 Listed on: 09/10/2021

Estate Properties

Last Buyer's Agent

Lisa Babros

Vista Sotheby’s International Realty License #01114956

Vista Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,194

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 9,334 Sq Ft Lot
  • Wood Fence
  • Sprinklers Throughout Yard
  • Garden
  • Back Yard
  • Property is zoned PVR1*

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage

Property Views

  • Ocean
  • Coastline
  • City Lights

Home Design

  • Clay Roof

Interior Spaces

  • 3,615 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Wired For Data
  • Skylights
  • Recessed Lighting
  • Wood Burning Fireplace
  • Gas Fireplace
  • French Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Formal Dining Room
  • Home Office
  • Bonus Room with Fireplace
  • Storage
  • Wood Flooring
  • Pull Down Stairs to Attic

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Walk-In Pantry
  • Double Convection Oven
  • Electric Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Warming Drawer
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers
  • Built-In Trash or Recycling Cabinet
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • 5 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Multiple Shower Heads
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Pool

  • Heated In Ground Pool
  • Heated Spa
  • Gas Heated Pool
  • Saltwater Pool
  • Waterfall Pool Feature
  • Fence Around Pool

Outdoor Features

  • Patio
  • Outdoor Fireplace
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Schools

  • Montemalaga Elementary School
  • Palos Verdes Middle School

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater
  • Water Purifier
  • Phone Available

Listing and Financial Details

  • Legal Lot and Block 8 / 1426
  • Tax Tract Number 8523
  • Assessor Parcel Number 7540013008
  • $343 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Property is near a preserve or public land

Recreation

  • Golf Course Community
  • Community Stables
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,194

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Security System, Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Zoning: PVR1*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7540013008
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3615.00 Square Feet
  • Interior Amenities: Granite Counters, Living Room Deck Attached, Pantry, Pull Down Stairs to Attic, Recessed Lighting, Stone Counters, Storage, Wired for Data, Wired for Sound
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Eating Area: Separated
  • Fireplace Features: Bonus Room, Family Room, Living Room, Master Bedroom, Outside, Gas, Gas Starter, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1106.50
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Office, Two Masters, Walk-In Closet, Walk-In Pantry
  • Spa Features: Private, Heated
  • Window Features: Skylight(s)
  • Bathroom Features: Bathtub, Bidet, Shower, Double Sinks In Bath(s), Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Exhaust Fan(s), Jetted Tub, Privacy Toilet Door, Soaking Tub
  • Room Kitchen Features: Built-In Trash/Recycling, Granite Counters, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Exterior Features: Lighting, Rain Gutters
  • View: City Lights, Coastline, Ocean, Water
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Deck, Patio
  • Pool Features: Private, Fenced, Heated, Gas Heat, In Ground, Salt Water, Waterfall
  • Pool Private: Yes
  • Roof: Clay
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Dishwasher, Double Oven, Electric Oven, Freezer, Disposal, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Warming Drawer, Water Purifier
  • Heating Type: ENERGY STAR Qualified Equipment
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Hiking, Preserve/Public Land, Stable(s)

Schools

  • School District: Palos Verdes Peninsula Unified
  • Elementary School: Montemalaga
  • Middle School: Palos Verdes
  • Elementary School: Montemalaga
  • Middle Or Junior School: Palos Verdes
  • Elementary School #2: MONTEM

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Garden, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 9334.00
  • Lot Size Acres: 0.2143

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9334.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 1426
  • Tax Census Tract: 6703.24
  • Tax Lot: 8
  • Tax Tract Number: 8523
  • TaxOtherAnnualAssessmentAmount: 343.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Sep 24, 2021
Sold by
Rapaport Steven M and Rapaport Patricia D
Bought by
Neiman Noah Dale and Neiman Beverly Lynn
Seller's Agent
Tricia Rapaport
Estate Properties
Buyer's Agent
Lisa Babros
Vista Sotheby’s International Realty
List Price
$3,987,000
Sold Price
$4,000,000
Premium/Discount to List
$13,000
0.33%
Total Days on Market
11
Current Estimated Value
$4,725,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$725,054
Avg. Annual Appreciation
3.27%

Purchase Details

Closed on
Sep 5, 2014
Sold by
Rapaport Steven M and Rapaport Patricia D
Bought by
Rapaport Family Trust

Purchase Details

Closed on
Nov 2, 2010
Sold by
Rapaport Steven M and Rapaport Patricia D
Bought by
Rapaport Steven M and Rapaport Patricia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2003
Sold by
Rapaport Steven M and Rapaport Patricia D
Bought by
Rapaport Steven M and Rapaport Patricia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$748,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 1999
Sold by
Rapaport Steven M
Bought by
Rapaport Steven M and Rapaport Patricia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$781,000
Interest Rate
6.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 7, 1999
Sold by
Rapaport Steven M
Bought by
Rapaport Steven M and Rapaport Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$781,000
Interest Rate
6.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 13, 1994
Sold by
Usa Petroleum Corp
Bought by
Rapaport Steven M and Rapaport Patricia Bartholomew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
8.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 1994
Sold by
Caukin Marvin J
Bought by
Usa Petroleum Corp
Source: Public Records

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Range of Values:

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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
Neiman Noah Dale $4,000,000 North American Title Company
Rapaport Family Trust -- None Available
Rapaport Steven M -- Progressive Title Company
Rapaport Steven M -- --
Rapaport Steven M -- Southland
Rapaport Steven M -- --
Rapaport Steven M -- Guardian Title Company
Rapaport Steven M $1,000,000 Old Republic Title Company
Usa Petroleum Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neiman Noah Dale $775,000
Previous Owner Rapaport Steven M $560,000
Previous Owner Rapaport Steven M $617,000
Previous Owner Rapaport Steven M $636,000
Previous Owner Rapaport Steven M $824,000
Previous Owner Rapaport Steven M $500,000
Previous Owner Rapaport Steven M $748,000
Previous Owner Rapaport Steven M $750,000
Previous Owner Rapaport Steven M $781,000
Previous Owner Rapaport Steven M $800,000
Closed Rapaport Steven M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $4,000,000 +0.3% $1,107 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $3,987,000 -- $1,103 / 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
2024 $47,194 $4,161,600 $2,913,120 $1,248,480
2023 $46,463 $4,080,000 $2,856,000 $1,224,000
2022 $44,113 $4,000,000 $2,800,000 $1,200,000
2021 $18,864 $1,573,789 $863,257 $710,532
2020 $18,615 $1,557,653 $854,406 $703,247
2019 $18,081 $1,527,111 $837,653 $689,458
2018 $17,969 $1,497,169 $821,229 $675,940
2016 $17,040 $1,439,035 $789,341 $649,694
2015 $16,858 $1,417,420 $777,485 $639,935
2014 $16,607 $1,389,656 $762,256 $627,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV21199085

California Regional Multiple Listing Service (CRMLS)

APN: 7540-013-008