NOT LISTED FOR SALE

5902 Montemalaga Dr Rancho Palos Verdes, CA 90275

Estimated Value: $1,876,000 - $2,048,597

4 Beds
2 Baths
2,328 Sq Ft
$844/Sq Ft Est. Value

Last Sold October 08, 2014

Last sale price $1,020,000 $438 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $11,678/month

13 Days on Market

Highlights

  • City Lights View
  • Deck
  • Great Room
  • Montemalaga Elementary School Rated A+
  • Cathedral Ceiling
  • L-Shaped Dining Room

About This Home

As of October 2014

This unique house offers great convenience for commuters and people who frequent Torrance, Redondo and other South Bay cities. It is located on a private road off the less traffic portion of Montemalaga Drive. City views can be enjoyed from the living room and three bedrooms. The great room that serves as living, family and dining has view windows on the entire north wall, vaulted ceiling and classic fireplace. The family room that is currently used as a dining room has a covered redwood deck. This house has a quite spacious flat backyard and expansive slope that offers serenity of a mountain resort. Rooms have vaulted high ceilings. Windows have been upgraded. Tankless water heater and central AC. There is great potential for many further improvements: subject to city approval, master bathroom, additional storage room on the lower level, and more.

Last Agent to Sell the Property

Y. Anthony Iwata

Rockyfield License #01328577 Listed on: 08/12/2014

Co-Listed By

Catarina Iwata

Rockyfield License #01230275

Last Buyer's Agent

Bindu Xavier

Compass License #01818247

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,576

Year Built

  • Built in 1964

Lot Details

  • 0.31 Acre Lot
  • Property fronts a private road

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 2,328 Sq Ft Home
  • Beamed Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Track Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Double Door Entry
  • Great Room
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Utility Room
  • City Lights Views

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 27118
  • Assessor Parcel Number 7578001014

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,576

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Fridge, washer/dryer, steel racks in garage
  • Property Attached: No
  • Road Frontage Type: Private Road
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7578001014
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2328.00
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Recessed Lighting, Track Lighting
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Double Door Entry
  • Eating Area: Breakfast Counter / Bar, Dining Ell, In Family Room
  • Fireplace Features: Gas, Living Room
  • Levels: Two
  • Price Per Square Foot: 438.14
  • Room Type: Entry, Family Room, Great Room, Living Room, Utility Room
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Patio And Porch Features: Covered, Deck, Patio, Stone
  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Disposal, Refrigerator, Tankless Water Heater
  • Heating Type: Central, Forced Air
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Washer Included
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Lot Size Sq Ft: 13584.00
  • Lot Size Acres: 0.3120

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13584.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 14
  • Tax Tract Number: 27118

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2014
Closed on
Sep 23, 2014
Sold by
Otsuka Norimoto
Bought by
Bhatia Amit and Bhatia Deepika
Seller's Agent
Y. Anthony Iwata
Rockyfield
Buyer's Agent
Bindu Xavier
Compass
List Price
$1,025,000
Sold Price
$1,020,000
Premium/Discount to List
-$5,000
-0.49%
Current Estimated Value
$1,963,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$943,899
Avg. Annual Appreciation
6.04%
Original Mortgage
$625,500
Interest Rate
4.08%
Mortgage Type
New Conventional
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
Bhatia Amit $1,020,000 Pacific Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhatia Amit $500,000
Closed Bhatia Amit $206,000
Closed Bhatia Amit $250,000
Closed Bhatia Amit $74,000
Open Bhatia Amit $891,000
Closed Bhatia Amit $625,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2014 10/08/14 Sold $1,020,000 -0.5% $438 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
08/12/2014 08/12/14 For Sale $1,025,000 -- $440 / 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 $14,576 $1,271,374 $980,706 $290,668
2024 $14,576 $1,246,446 $961,477 $284,969
2023 $14,275 $1,222,007 $942,625 $279,382
2022 $13,557 $1,198,047 $924,143 $273,904
2021 $13,565 $1,174,557 $906,023 $268,534
2019 $12,537 $1,098,937 $879,150 $219,787
2018 $12,412 $1,077,390 $861,912 $215,478
2016 $11,791 $1,035,555 $828,444 $207,111
2015 $11,778 $1,020,000 $816,000 $204,000
2014 $4,487 $335,102 $222,081 $113,021
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV14171997

California Regional Multiple Listing Service (CRMLS)

APN: 7578-001-014