5937 Armaga Spring Rd Unit E Rancho Palos Verdes, CA 90275
Estimated Value: $665,103 - $699,000
2
Beds
2
Baths
1,071
Sq Ft
$450/mo
HOA Fee
Highlights
- Heated Pool
- 4.94 Acre Lot
- Main Floor Bedroom
- Montemalaga Elementary School Rated A+
- Property is near a park
- Pool View
About This Home
As of September 2019LOCATED IN NEIGHBORHOOD WITH MILLION DOLLAR HOMES !! GREAT OPPORTUNITY. THIS IS A PROBATE SALE WHICH ADMINISTRATOR FOR THE ESTATE STATES THEY HAVE FULL AUTHORITY TO SELL AND REQUIRES NO COURT CONFIRMATION OR ANY OVERBID PROCESS. THIS 2 BEDROOM 1.75 BATH CONDO IS IN ORIGINAL CONDITION WHICH YOU CAN CUSTOMIZE TO YOUR OWN TASTES. WASHER AND DRYER HOOKUPS ARE INSIDE UNIT. NICE SIZE WALK IN CLOSET IS IN MASTER BEDROOM. PRICED BELOW SIMILAR SIZED UNITS IN THE ARMAGA SPRINGS COMPLEX WHICH ARE REMODELED AND UPGRADED THAT ARE CURRENTLY ASKING OR HAVE SOLD THIS YEAR FOR OVER $600,000 (BUYER TO VERIFY). NEARBY TO HIGHRIDGE PARK AND WALKING DISTANCE TO DEL CERRO PARK, HIKING TRAILS BOTH WITH PANORAMIC VIEWS OF PV COASTLINE AND CATALINA ISLAND. PREMIER PALOS VERDES SCHOOL DISTRICT WITH RIDGECREST INTERMEDIATE AND PENINSULA HIGH SCHOOL ALSO WITHIN EASY WALKING DISTANCE. OTHER NEARBY AMMENITIES INCLUCE: RESTARAUNTS, REGAL MOVIE THEATERS, THE NORRIS THEATRE, SHOPPING, BANKING AND POST OFFICE ALL WITHIN THE PENINSULA CENTER COMMERCIAL DISTRICT. CONDO COMPLEX QUALIFIES FOR FHA FINANCING. SELLER STATES THEY ARE MOTIVATED AND WOULD LIKE TO SEE OFFERS !! HOA FEE INCLUDES ADDITIONAL "WALLS IN" INSURANCE COVERAGE WHICH COVERS BOTH EXTERIOR HOA OWNERSHIP PLUS INTERIOR OF UNIT (WALLS IN) THAT IS OWNER'S PORTION OF PROPERTY (CABINETS, TOILETS ETC..). BUYER ADIVSED TO CONSULT WITH THEIR INSURANCE CARRIER FOR ANY REDUNDANT COVERAGE.
Last Listed By
Richard Williams, Real Estate Broker License #01099773 Listed on: 07/09/2019
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,837
Year Built
- Built in 1969
Lot Details
- Two or More Common Walls
- Southwest Facing Home
HOA Fees
- $450 Monthly HOA Fees
Parking
- 3 Car Garage
- Parking Available
Home Design
- Cosmetic Repairs Needed
- Fixer Upper
Interior Spaces
- 1,071 Sq Ft Home
- 1-Story Property
- Sliding Doors
- Living Room
- Pool Views
- Laundry Room
Kitchen
- Eat-In Kitchen
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Home Security
Outdoor Features
- Heated Pool
- Living Room Balcony
Location
- Property is near a park
- Property is near public transit
- Suburban Location
Schools
- Montemalaga Elementary School
- Ridgecrest Middle School
- Peninsula High School
Utilities
- Radiant Heating System
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 57
- Tax Tract Number 31249
- Assessor Parcel Number 7587009010
Community Details
Overview
- 98 Units
- The Armaga Springs Homeowners Association, Phone Number (310) 370-2696
- Scott Management Company HOA
Recreation
- Community Pool
Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 9, 2019
Closed on
Jul 25, 2019
Sold by
Nichols Michael H
Bought by
Innab Holdings Llc
Seller's Agent
Richard Williams
Richard Williams, Real Estate Broker
Buyer's Agent
Lynn Nakasato-Aglipay
Compass
List Price
$550,000
Sold Price
$510,000
Premium/Discount to List
-$40,000
-7.27%
Total Days on Market
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,776
Avg. Annual Appreciation
5.32%
Original Mortgage
$100,000
Outstanding Balance
$80,085
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$606,279
Purchase Details
Closed on
May 5, 1997
Sold by
Citibank Fsb
Bought by
Dollarhide Michelle M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,850
Interest Rate
8.13%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Innab Holdings Llc | $510,000 | North American Title Company | |
| Dollarhide Michelle M | $137,000 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Innab Holdings Llc | $100,000 | |
| Previous Owner | Dollarhide Michelle M | $132,850 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2019 09/04/19 | Sold | $510,000 | -1.0% | $476 / Sq Ft |
| 07/17/2019 07/17/19 | Price Changed | $514,900 | -6.4% | $481 / Sq Ft |
| 07/09/2019 07/09/19 | For Sale | $550,000 | -- | $514 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $6,837 | $546,818 | $387,062 | $159,756 |
| 2023 | $6,738 | $536,097 | $379,473 | $156,624 |
| 2022 | $6,407 | $525,586 | $372,033 | $153,553 |
| 2021 | $6,366 | $515,282 | $364,739 | $150,543 |
| 2019 | $3,659 | $318,757 | $89,478 | $229,279 |
| 2018 | $3,627 | $312,508 | $87,724 | $224,784 |
| 2016 | $3,451 | $300,374 | $84,318 | $216,056 |
| 2015 | $3,443 | $295,863 | $83,052 | $212,811 |
| 2014 | $3,401 | $290,069 | $81,426 | $208,643 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Williams
R
Seller's Agent in 2019
Richard Williams
Richard Williams, Real Estate Broker
(310) 544-7567
1 Total Sale
-
Lynn Nakasato-Aglipay
Buyer's Agent in 2019
Lynn Nakasato-Aglipay
Compass
(310) 534-8609
1 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19164941
APN: 7587-009-010
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