Seller's Agent in 2020
Steven Watts
Vista Sotheby's International Realty
(310) 874-8775
14 in this area
77 Total Sales
63 Paseo Del la Luz Rancho Palos Verdes, CA 90275
Estimated Value: $6,161,684 - $6,978,000
5
Beds
7
Baths
8,034
Sq Ft
$834/Sq Ft
Est. Value
Highlights
- Ocean View
- In Ground Pool
- Fireplace in Primary Bedroom
- Mira Catalina Elementary School Rated A+
- 0.56 Acre Lot
- Wood Flooring
About This Home
As of October 2020Incomparable opportunity to own a true California Mediterranean estate nestled among the 132 acres of lush cliffs along the coastline. Built in 2002 on a 24,408 sf lot with mesmerizing panoramic Pacific ocean views, the estate boasts 5 bedrooms, 7 baths. As you enter, you are invited to the open yet stunning living room, dining room, piano room, and sitting rooms. The openness is perfect for entertaining a few or many! The great room off of the kitchen is warm and inviting ready for gourmet dinners and movies! The kitchen is fully equipped with top of the line appliances, walk in pantry and gorgeous granite counter tops. The lower level has 4 bedrooms, media room, family room, fully equipped bar, sun room, and laundry room. Panoramic ocean views from both levels of the home, almost every room, pool, trellised patio and bbq. This home also features an incredible pool and jacuzzi, pool side patio with fireplace, built in bbq, bar and trellis dining area. Oceanfront Estates has a 24 hour security patrol. You will not be disappointed!
Last Agent to Sell the Property
Vista Sotheby's International Realty License #00966894 Listed on: 04/29/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $53,031
Year Built
- Built in 2002
Lot Details
- 0.56 Acre Lot
- Landscaped
- Lawn
- Back and Front Yard
- Property is zoned RPRS
HOA Fees
- $400 Monthly HOA Fees
Parking
- 4 Car Attached Garage
Property Views
- Ocean
- Panoramic
Home Design
- Mediterranean Architecture
Interior Spaces
- 8,034 Sq Ft Home
- Elevator
- Living Room with Fireplace
- Den
- Bonus Room with Fireplace
Kitchen
- Freezer
- Dishwasher
- Trash Compactor
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- 7 Full Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Pool
- In Ground Pool
- In Ground Spa
- Gas Heated Pool
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 42
- Tax Tract Number 46628
- Assessor Parcel Number 7582022064
Community Details
Overview
- Oceanfront Association, Phone Number (310) 294-5370
- Bali Management Group HOA
- Maintained Community
- Property is near a preserve or public land
Amenities
- Laundry Facilities
Recreation
- Hiking Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2019
Closed on
Oct 6, 2020
Sold by
Lopez Miguel A and Lopez Gloria A
Bought by
Chen Joe and Park Jamie
Seller's Agent
Steven Watts
Vista Sotheby's International Realty
Buyer's Agent
Jamie Park
Jamie Park
List Price
$5,298,000
Sold Price
$4,438,000
Premium/Discount to List
-$860,000
-16.23%
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
$2,262,671
Avg. Annual Appreciation
8.73%
Original Mortgage
$3,550,400
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 23, 2004
Sold by
Makallon Rpv Associates Llc
Bought by
Lopez Miguel A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Chen Joe | $4,438,000 | Usa Title Company | |
| Lopez Miguel A | $2,950,000 | First American Title Co Of L |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen Family Trust | $3,538,200 | |
| Closed | Chen Joe | $3,538,200 | |
| Closed | Chen Joe | $3,550,400 | |
| Previous Owner | Lopez Miguel A | $470,000 | |
| Previous Owner | Lopez Miguel A | $672,650 | |
| Previous Owner | Lopez Miguel A | $729,750 | |
| Previous Owner | Lopez Miguel A | $1,000,000 | |
| Closed | Lopez Miguel A | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/08/2020 10/08/20 | Sold | $4,438,000 | -3.5% | $552 / Sq Ft |
| 08/20/2020 08/20/20 | Pending | -- | -- | -- |
| 06/03/2020 06/03/20 | Price Changed | $4,598,000 | -8.0% | $572 / Sq Ft |
| 08/04/2019 08/04/19 | Price Changed | $4,998,000 | -5.7% | $622 / Sq Ft |
| 04/29/2019 04/29/19 | For Sale | $5,298,000 | -- | $659 / 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 | $53,031 | $4,803,831 | $2,597,836 | $2,205,995 |
| 2024 | $53,031 | $4,709,640 | $2,546,899 | $2,162,741 |
| 2023 | $52,204 | $4,617,295 | $2,496,960 | $2,120,335 |
| 2022 | $49,531 | $4,526,760 | $2,448,000 | $2,078,760 |
| 2021 | $49,468 | $4,438,000 | $2,400,000 | $2,038,000 |
| 2020 | $43,784 | $3,923,363 | $1,495,054 | $2,428,309 |
| 2019 | $42,436 | $3,846,436 | $1,465,740 | $2,380,696 |
| 2018 | $42,090 | $3,771,016 | $1,437,000 | $2,334,016 |
| 2016 | $39,626 | $3,624,584 | $1,381,200 | $2,243,384 |
| 2015 | $39,396 | $3,570,141 | $1,360,454 | $2,209,687 |
| 2014 | $38,820 | $3,500,208 | $1,333,805 | $2,166,403 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Watts
-
Lisa Poach
Seller Co-Listing Agent in 2020
Lisa Poach
RE/MAX
(310) 997-7563
1 in this area
7 Total Sales
-
Jamie Park
J
Buyer's Agent in 2020
Jamie Park
Jamie Park
(310) 384-4796
1 in this area
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV19097410
APN: 7582-022-064
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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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