Seller's Agent in 2021
Lynn Kim
Vista Sotheby's International Realty
(310) 544-6100
16 in this area
48 Total Sales
6005 Ocean Terrace Dr Rancho Palos Verdes, CA 90275
Estimated Value: $3,714,000 - $4,580,000
5
Beds
5
Baths
4,397
Sq Ft
$923/Sq Ft
Est. Value
Highlights
- Wine Cellar
- Heated In Ground Pool
- Primary Bedroom Suite
- Vista Grande Elementary Rated A+
- Sauna
- View of Trees or Woods
About This Home
As of December 2021Rare find is this custom built, one level home that sits on an expansive 20,000 sq foot flat lot on the highly desirable quiet street, Ocean Terrace Drive. This home offers a timeless design, a desired floor plan and a 20,000 square foot useable lot that cannot be matched. With all of its grandeur and scale, the home includes 5 bedrooms and 5 bathrooms, 4,400 sq foot of comfortable living space, open remodeled kitchen with high end appliances, breakfast nook, formal dining, two living rooms, soaring ceilings, two fireplaces, wet bar, laundry room, designated pool bathroom, new pool decking, new dual A/C, new heating, new ducting throughout, 3 car garage, and more than needed storage space. The large, luxurious master suite offers dual walk in closets, dual vanity, sauna and an oversized master tub. The flat backyard is perfect for entertaining, swimming, bbq’ing and enjoying the best of indoor/outdoor lifestyle that California offers. In addition, you’re in the highly sought after, award winning Palos Verdes Unified School district. This stunning, one level residence is truly a rare offering.
Last Agent to Sell the Property
Vista Sotheby's International Realty License #01476216 Listed on: 11/10/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $43,150
Year Built
- Built in 1984 | Remodeled
Lot Details
- 0.44 Acre Lot
- Density is up to 1 Unit/Acre
- Property is zoned RPRS20000*
Parking
- 3 Car Direct Access Garage
- Parking Available
- Front Facing Garage
Property Views
- Woods
- Canyon
Home Design
- Turnkey
Interior Spaces
- 4,397 Sq Ft Home
- Open Floorplan
- Built-In Features
- Dry Bar
- Crown Molding
- Wainscoting
- Cathedral Ceiling
- Recessed Lighting
- Formal Entry
- Wine Cellar
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room
- Home Office
- Storage
- Laundry Room
- Sauna
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Double Oven
- Gas Oven
- Gas Cooktop
- Kitchen Island
Bedrooms and Bathrooms
- 5 Main Level Bedrooms
- Primary Bedroom on Main
- Primary Bedroom Suite
- Walk-In Closet
- Remodeled Bathroom
- Jack-and-Jill Bathroom
- 5 Full Bathrooms
- Makeup or Vanity Space
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Bathtub with Shower
- Separate Shower
Outdoor Features
- Heated In Ground Pool
- Exterior Lighting
Schools
- Vista Grande Elementary School
- Ridgecrest Middle School
- Peninsula High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 31617
- Assessor Parcel Number 7581021037
- $1,307 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Hiking Trails
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 10, 2021
Closed on
Dec 3, 2021
Sold by
Chung Peter Jae and Chung Irene Kyoung
Bought by
Ramos Jose Jesus Cisneros and Forero Sandra Rocio
Seller's Agent
Lynn Kim
Vista Sotheby's International Realty
Buyer's Agent
Alex Petrusan
C-21 Realty Team
List Price
$3,500,000
Sold Price
$3,700,000
Premium/Discount to List
$200,000
5.71%
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
$359,949
Avg. Annual Appreciation
2.00%
Original Mortgage
$3,470,000
Outstanding Balance
$3,192,983
Interest Rate
2.99%
Mortgage Type
Commercial
Estimated Equity
$790,578
Purchase Details
Listed on
Mar 28, 2018
Closed on
May 23, 2018
Sold by
Aguirre Henry and Lucero Aguirre Nelie
Bought by
Chung Peter Jae and Chung Irene Kyoung
Seller's Agent
Lynn Kim
Vista Sotheby's International Realty
Buyer's Agent
Lynn Kim
Vista Sotheby's International Realty
List Price
$2,495,000
Sold Price
$2,300,000
Premium/Discount to List
-$195,000
-7.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.68%
Original Mortgage
$1,610,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 31, 2006
Sold by
Lin Yen Ju and Lin Chun Huei
Bought by
Aguirre Henry and Lucero Aguirre Nelie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 1, 2005
Sold by
Lin Yen Ju and Lin Chun Huei
Bought by
Lin Yen Ju and Lin Chun Huei
Purchase Details
Closed on
Oct 5, 1995
Sold by
Lin Kuo Wei and Lin Kung Fang
Bought by
Lin Kuo Wei and Lin Kung Fang
Purchase Details
Closed on
Oct 4, 1995
Sold by
Lin Kuo Wei and Lin Kung Fang
Bought by
Lin Kuo Wei and Lin Kung Fan
Purchase Details
Closed on
Aug 26, 1995
Sold by
Lin Kung Fang
Bought by
Lin Kung Fang and Lin Kuo Wei
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ramos Jose Jesus Cisneros | $3,700,000 | Chicago Title Company | |
| Chung Peter Jae | $2,300,000 | Western Resources Title | |
| Aguirre Henry | $1,950,000 | United Independent Title Ins | |
| Lin Yen Ju | -- | -- | |
| Lin Kuo Wei | -- | -- | |
| Lin Kuo Wei | -- | -- | |
| Lin Kung Fang | -- | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramos Jose Jesus Cisner | $2,000,000 | |
| Open | Ramos Jose J Cisneros | $3,470,000 | |
| Previous Owner | Chung Peter Jae | $1,000,000 | |
| Previous Owner | Chung Peter Jae | $1,610,000 | |
| Previous Owner | Aguirre Henry | $120,000 | |
| Previous Owner | Aguirre Henry | $319,800 | |
| Previous Owner | Aguirre Henry | $1,365,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/09/2021 12/09/21 | Sold | $3,700,000 | +5.7% | $841 / Sq Ft |
| 11/10/2021 11/10/21 | For Sale | $3,500,000 | +52.2% | $796 / Sq Ft |
| 06/20/2018 06/20/18 | Sold | $2,300,000 | -4.0% | $523 / Sq Ft |
| 04/09/2018 04/09/18 | Price Changed | $2,395,000 | -4.0% | $545 / Sq Ft |
| 03/28/2018 03/28/18 | For Sale | $2,495,000 | -- | $567 / 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 |
|---|---|---|---|---|
| 2025 | $43,150 | $3,926,467 | $2,623,729 | $1,302,738 |
| 2024 | $43,150 | $3,849,479 | $2,572,284 | $1,277,195 |
| 2023 | $42,509 | $3,774,000 | $2,521,848 | $1,252,152 |
| 2022 | $40,278 | $3,700,000 | $2,472,400 | $1,227,600 |
| 2021 | $27,225 | $2,417,709 | $1,784,269 | $633,440 |
| 2019 | $26,029 | $2,346,000 | $1,731,348 | $614,652 |
| 2018 | $25,720 | $2,296,114 | $1,825,119 | $470,995 |
| 2016 | $24,455 | $2,206,955 | $1,754,249 | $452,706 |
| 2015 | $24,361 | $2,173,805 | $1,727,899 | $445,906 |
| 2014 | $24,012 | $2,131,224 | $1,694,052 | $437,172 |
Source: Public Records
Agents Affiliated with this Home
-
Lynn Kim
-
Alex Petrusan
A
Buyer's Agent in 2021
Alex Petrusan
C-21 Realty Team
(562) 531-2001
1 in this area
71 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV21246657
APN: 7581-021-037
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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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