NOT LISTED FOR SALE

5918 Ocean Terrace Dr Rancho Palos Verdes, CA 90275

Estimated Value: $3,660,749 - $7,393,000

5 Beds
3.5 Baths
5,314 Sq Ft
$930/Sq Ft Est. Value

Last Sold August 16, 2012

Last sale price $2,500,000 $470 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $29,782/month

15 Days on Market

Highlights

  • Ocean View
  • 0.49 Acre Lot
  • Wood Flooring
  • Vista Grande Elementary Rated A+
  • Fireplace in Primary Bedroom
  • No HOA

About This Home

As of August 2012

California Contemporary Style Home located on a bluff with spectacular unobstructable, panoramic Ocean, Coastline
and Catalina Views! This 5 Bedroom 3.5 bath with 5,314SF living space on a 21,527SF lot home features large, bright,
airy formal and living rooms and formal dining room. Remodeled kitchen with new backsplash and appliances, new refrigerator and new granite counter tops. Breakfast area and family room off kitchen. All of the interior as well as exterior have been newly painted. Master bedroom with fireplace and large master bath with spa tub. Other features include a large media / game room, 3-car garage, skylights throughout, beautiful landscaped back and front yards. There is a large flat grassy backyard and patio / deck perfect for entertaining and family living!

Last Agent to Sell the Property

Raju Chhabria

Chhabria Real Estate Company License #00874072 Listed on: 05/30/2012

Last Buyer's Agent

Young Gill

Estate Properties License #01452682

Estate Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,218

Year Built

  • Built in 1987

Lot Details

  • 0.49

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Panoramic

Home Design

  • Split Level Home

Interior Spaces

  • 5,314 Sq Ft Home
  • Formal Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Breakfast Area or Nook
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Additional Features

  • Stone Porch or Patio
  • 0.49 Acre Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 62
  • Tax Tract Number 31617
  • Assessor Parcel Number 7581030002

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,218

Year Built

Built in 1987

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7581030002
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5314.00
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Nook, Family Kitchen, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Multi/Split
  • Price Per Square Foot: 470.46
  • Room Type: Den, Entry, Family Room, Formal Entry, Living Room, Master Bedroom, Walk-In Closet, Separate Family Room

Exterior Features

  • Patio: Yes
  • View: Ocean, Panoramic, Water
  • Patio And Porch Features: Stone
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 21257.00
  • Lot Size Acres: 0.4880

Multi Family

  • Lease Considered: No
  • Lot Size Area: 21257.0000 Square Feet

Tax Info

  • Tax Lot: 62
  • Tax Tract Number: 31617

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2015
Sold by
Kang Sung Yong
Bought by
Kang Family Trust
Current Estimated Value
$4,942,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,698,450
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2014
Sold by
Kang Sung Yong
Bought by
Kang Sung Yong and Kang Mi Sook

Purchase Details

Listed on
May 30, 2012
Closed on
Jul 16, 2012
Sold by
Kang Mi Sook
Bought by
Kang Sung Yong
Seller's Agent
Raju Chhabria
Chhabria Real Estate Company
Buyer's Agent
Young Gill
Estate Properties
List Price
$2,599,000
Sold Price
$2,500,000
Premium/Discount to List
-$99,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%
Original Mortgage
$1,875,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 30, 2012
Closed on
Jun 22, 2012
Sold by
Irie Osamu
Bought by
Kang Sung Yong
Seller's Agent
Raju Chhabria
Chhabria Real Estate Company
Buyer's Agent
Young Gill
Estate Properties
List Price
$2,599,000
Sold Price
$2,500,000
Premium/Discount to List
-$99,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,875,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2004
Sold by
Irie Osamu
Bought by
Irie Osamu and Tai Julie H

Purchase Details

Closed on
May 30, 2003
Sold by
Bardolph Thomas R
Bought by
Irie Osamu and Tai Julie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 1997
Sold by
Bolliger Rudy A
Bought by
Bardolph Thomas R and Bardolph Eileen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
7.22%

Purchase Details

Closed on
Apr 11, 1997
Sold by
Lee Thomas
Bought by
Bolliger Rudy A and Bolliger Patricia M

Purchase Details

Closed on
Jul 12, 1996
Sold by
Lee Thomas
Bought by
Lee Thomas and Chiang Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.03%
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
Kang Family Trust -- Nations Title Company
Kang Sung Yong -- None Available
Kang Sung Yong -- None Available
Kang Sung Yong -- Lawyers Title
Kang Sung Yong $2,500,000 Lawyers Title
Irie Osamu -- --
Irie Osamu $1,950,000 Equity Title Company
Bardolph Thomas R $1,475,000 Fidelity National Title Co
Bolliger Rudy A $394,019 American Title
Lee Thomas -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kang Sung Yong $1,150,000
Closed Kang Family Trust $1,698,450
Closed Kang Sung Yong $1,855,000
Previous Owner Kang Sung Yong $1,875,000
Previous Owner Irie Osamu $750,000
Previous Owner Bardolph Thomas R $875,000
Previous Owner Lee Thomas $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2012 08/16/12 Sold $2,500,000 -3.8% $470 / Sq Ft
06/14/2012 06/14/12 Pending -- -- --
05/30/2012 05/30/12 For Sale $2,599,000 -- $489 / 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 $34,218 $3,078,558 $2,308,923 $769,635
2024 $34,218 $3,018,195 $2,263,650 $754,545
2023 $33,701 $2,959,015 $2,219,265 $739,750
2022 $31,935 $2,900,996 $2,175,750 $725,246
2021 $31,840 $2,844,115 $2,133,089 $711,026
2019 $30,439 $2,759,759 $2,069,821 $689,938
2018 $30,095 $2,705,647 $2,029,237 $676,410
2016 $28,603 $2,600,587 $1,950,441 $650,146
2015 $28,482 $2,561,525 $1,921,144 $640,381
2014 -- $2,511,349 $1,883,512 $627,837
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Raju Chhabria

    Chhabria Real Estate Company

    Section Image
  • Young Gill

    Buyer's Agent in 2012

    Young Gill

    RE/MAX

    7 in this area

    34 Total Sales

    Young Gill
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12068496

California Regional Multiple Listing Service (CRMLS)

APN: 7581-030-002

California Los Angeles County Rancho Palos Verdes 90275

5918 Ocean Terrace Dr, Rancho Palos Verdes, CA

This home is located at 5918 Ocean Terrace Dr, Rancho Palos Verdes, CA 90275 since 30 May 2012 and is currently estimated at $4,942,437, approximately $930 per square foot. This property was built in 1987. 5918 Ocean Terrace Dr is a home located in Los Angeles County with nearby schools including Vista Grande Elementary, Ridgecrest Intermediate, and Palos Verdes Peninsula High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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