NOT LISTED FOR SALE

6929 Lofty Grove Dr Rancho Palos Verdes, CA 90275

Estimated Value: $1,630,000 - $1,832,000

3 Beds
2 Baths
1,434 Sq Ft
$1,190/Sq Ft Est. Value

Last Sold June 10, 2013

Last sale price $803,000 $560 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $10,045/month

Highlights

  • Primary Bedroom Suite
  • Peek-A-Boo Views
  • Granite Countertops
  • Vista Grande Elementary Rated A+
  • Main Floor Bedroom
  • No HOA

About This Home

As of May 2019

Located in one of the most favorable neighborhoods in Rancho Palos Verdes, you will certainly enjoy the ocean view driving up to this house and its peaceful neighborhood.This house is beautiful inside and out with its many recent upgrades and ideal floor plan. As you enter this home, you will find a spacious kitchen and living room which is the heart of the house. To your left is a large laundry room which can be used for an office and has direct access to the two-car garage. To your right, you will find all three bedrooms. The kitchen features granite countertops, island, gas cooktop, and a double oven which is great when entertaining. The living room features beautiful hardwood floors with a fireplace and sliding door which leads to the tranquil backyard. The backyard is beautifully landscaped and you will enjoy a nice ocean breeze with a peek-a-boo ocean view and gorgeous sunsets. Per owners, the list of renovations and upgrades in the past 5 years include:Kitchen and both bathrooms were renovated with new granite countertops, cabinets, a cooktop, dishwasher, garbage disposal, and sinks; Mahogany wood floors were installed in the living room and bedrooms; asbestos were removed and new ducts were installed; water saving landscaping was installed; paved driveway and patio were installed along with double panel windows, sliding doors, furnace, and a washing machine. This house is located in the prestigious award-winning Palos Verdes School district. *SORRY, NO PET.

Last Agent to Rent the Property

Naomi Reed

Sage Real Estate Group, Inc. License #01887689 Listed on: 04/18/2019

Last Renter's Agent

Naomi Reed

Sage Real Estate Group, Inc. License #01887689 Listed on: 04/18/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,581

Year Built

  • Built in 1962

Lot Details

  • 7,494 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Back Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned RPRS10000*

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,434 Sq Ft Home
  • 1-Story Property
  • Furniture Can Be Negotiated
  • Living Room with Fireplace
  • Peek-A-Boo Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite

Additional Features

  • Suburban Location
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $4,000
  • 12-Month Minimum Lease Term
  • Available 5/1/19
  • Tax Lot 58
  • Tax Tract Number 25109
  • Assessor Parcel Number 7584001005

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,581

Year Built

Built in 1962

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: Security Deposit
  • Available Date: 2019-05-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 4000
  • Furnished: Negotiable
  • Total Move In Costs: 8000.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Property Attached: No
  • View: Yes
  • Zoning: RPRS10000*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 7584001005
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1434.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2.86
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Suite
  • Room Kitchen Features: Granite Counters, Kitchen Island

Exterior Features

  • View: Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Paved
  • Lot Size Sq Ft: 7494.00
  • Lot Size Acres: 0.1720

Multi Family

  • First Repairs: 100
  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 7494.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6704.13
  • Tax Lot: 58
  • Tax Tract Number: 25109

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2013
Closed on
May 23, 2013
Sold by
Tanisaka Osamu
Bought by
Wang Liqun and Wang Guozhong
Seller's Agent
Myong Chung
Home Team Realty
Buyer's Agent
Myong Chung
Home Team Realty
List Price
$789,000
Sold Price
$803,000
Premium/Discount to List
$14,000
1.77%
Current Estimated Value
$1,705,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$902,941
Avg. Annual Appreciation
6.30%
Original Mortgage
$642,000
Outstanding Balance
$436,941
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$1,269,000
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
Wang Liqun $803,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Liqun $642,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2019 05/01/19 Rented $4,100 +2.5% --
04/18/2019 04/18/19 For Rent $4,000 0.0% --
06/10/2013 06/10/13 Sold $803,000 +1.8% $560 / Sq Ft View Prior Sale
04/26/2013 04/26/13 Pending -- -- --
04/18/2013 04/18/13 For Sale $789,000 -- $550 / 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 $11,581 $988,825 $791,062 $197,763
2024 $11,581 $969,437 $775,551 $193,886
2023 $11,322 $950,430 $760,345 $190,085
2022 $10,758 $931,795 $745,437 $186,358
2021 $10,702 $913,525 $730,821 $182,704
2019 $10,238 $886,432 $709,146 $177,286
2018 $10,097 $869,052 $695,242 $173,810
2016 $9,597 $835,307 $668,246 $167,061
2015 $9,582 $822,761 $658,209 $164,552
2014 $9,454 $806,645 $645,316 $161,329
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV19086892

California Regional Multiple Listing Service (CRMLS)

APN: 7584-001-005