$1,850,000
SOLD NOV 27, 2024 RENTED FEB 5, 2025

6934 Lofty Grove Dr Rancho Palos Verdes, CA 90275

3 Beds
3 Baths
1,684 Sq Ft
7,243 Sq Ft Lot

Recently Sold

$1,099 Per Sq Ft

16% Above List Price

10 Days on Market

Highlights

  • Ocean View
  • Updated Kitchen
  • Main Floor Bedroom
  • Vista Grande Elementary Rated A+
  • Property is near a park
  • Lawn

About This Home

As of November 2024

Brand new remodeled, quintessential American dreamhome.This Stunning single level home features partial ocean view, has undergone a completely remodeled. Brand NEW roof, dazzling brand new bathrooms, New HVAC systems, New windows and doors, new fence etc.
It located in center of the highest desirable city of Rancho Palos Verdes. This property has a big flat front & back yard. The interior features an open concept design, with high ceilings and large windows that bring in plenty of natural light. The gourmet kitchen has been updated with big waterfall center island, custom cabinetry, and sleek countertops. Big living room with fireplace and two large French windows and a French sliding doors direct access to the back yard with ocean views. The spacious bedrooms offer ample closet space and comfortable living areas. The backyard has a new landscaped garden facing ocean views. it is perfect for entertaining guests or simply relaxing. Other notable features include hardwood floors throughout, Huge Laundry room direct access into the 2-car garage with new epoxy flooring. A huge brand new drive way, a lot of parking spaces.
Walking distance to Vista Grande Elementary School, A vert easy access to variety of shopping, dining, multiple golf courses, trails, parks and entertainment. Located in the community of renowned Terranea Resort, Trump Golf Course, and the great Palos Verdes School District. Turn key condition. Don’t miss your chance to call this incredible property your new home.

Last Agent to Sell the Property

Crystal Chen

Crystal Real Estate Brokerage Phone: 310-779-6068 License #01428445 Listed on: 10/22/2024

Co-Listed By

Frank Chen

Crystal Real Estate Brokerage Phone: 310-779-6068 License #02093534

Last Buyer's Agent

Hisako Suzuki

Person Realty Inc. License #01813238

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,905

Year Built

  • Built in 1962

Lot Details

  • 7,243 Sq Ft Lot
  • Drip System Landscaping
  • Level Lot
  • Sprinklers on Timer
  • Lawn
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Peek-A-Boo

Interior Spaces

  • 1,684 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Gas Oven
  • Range Hood
  • Kitchen Island
  • Built-In Trash or Recycling Cabinet
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Schools

  • Ridgecrest Middle School
  • Palos Verdes Peninsula High School

Additional Features

  • Property is near a park
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 49
  • Tax Tract Number 25109
  • Assessor Parcel Number 7584003038

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,905

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7584003038
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1684.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1098.57
  • Room Type: Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Room Kitchen Features: Built-In Trash/Recycling, Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

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

Garage/Parking

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

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Range Hood
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Palos Verdes Peninsula Unified
  • Middle School: Ridgecrest
  • High School: Palos Verdes Peninsula
  • High School: Palos Verdes Peninsula
  • Middle Or Junior School: Ridgecrest
  • High School2: PAVEPE

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Level with Street, Park Nearby, Sprinkler System, Sprinklers Drip System, Sprinklers Timer
  • Lot Size Sq Ft: 7243.00
  • Lot Size Acres: 0.1663

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7243.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 49
  • Tax Tract Number: 25109

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Nov 8, 2024
Sold by
Lei Zhaojun and Zhang Xiuqin
Bought by
Shinwa Kogyo Inc
Seller's Agent
Crystal Chen
Crystal Real Estate
Buyer's Agent
Hisako Suzuki
Person Realty Inc.
List Price
$1,599,000
Sold Price
$1,850,000
Premium/Discount to List
$251,000
15.7%
Views
54
Current Estimated Value
$1,768,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$81,500
Avg. Annual Appreciation
-7.26%

Purchase Details

Listed on
May 29, 2024
Closed on
Jul 2, 2024
Sold by
Msk Investment Group Llc
Bought by
Lei Zhaojun and Zhang Xiuqin
Seller's Agent
Frank Chen
Crystal Real Estate
Buyer's Agent
Frank Chen
Crystal Real Estate
List Price
$1,499,000
Sold Price
$1,450,000
Premium/Discount to List
-$49,000
-3.27%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
100.58%
Original Mortgage
$900,000
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2007
Sold by
Nikniai Manzar
Bought by
Msk Investment Group Llc

Purchase Details

Closed on
Jul 5, 2007
Sold by
Msk Investment Group Llc
Bought by
Nikniai Manzar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Interest Rate
6.67%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 13, 2005
Sold by
Nikniai Manzar
Bought by
Msk Investment Group Llc

Purchase Details

Closed on
Dec 29, 2004
Sold by
Nikniai Manzar
Bought by
Msk Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,750
Interest Rate
5.64%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 19, 2004
Sold by
Msk Investment Group Llc
Bought by
Nikniai Manzar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,750
Interest Rate
5.64%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 22, 2004
Sold by
Nikniai Manzar
Bought by
Msk Investments Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2004
Sold by
Nikniai Manzar and Mirsaidi Manzar
Bought by
Msk Investments Group Llc

Purchase Details

Closed on
Apr 19, 2003
Sold by
Nikniai Manzar and Mirsaidi Manzar B
Bought by
Msk Investments Group Llc

Purchase Details

Closed on
Feb 25, 2003
Sold by
Mirsaidi Mansoon
Bought by
Mirsaidi Manzar B

Purchase Details

Closed on
Jan 21, 2003
Sold by
Nikniai Manzar and Mirsaidi Manzar
Bought by
Msk Investments Group Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,850,000 First American Title Company
Grant Deed $1,850,000 First American Title Company
Grant Deed $1,450,000 First American Title Company
Grant Deed -- Accommodation
Grant Deed -- California Title Company
Grant Deed -- --
Grant Deed -- Investors Title Company
Quit Claim Deed -- Alliance Title Company
Quit Claim Deed -- Ctc
Quit Claim Deed -- Chicago Title
Grant Deed -- Lawyers Title Company
Grant Deed -- --
Interfamily Deed Transfer -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $900,000 New Conventional
Previous Owner $652,500 Negative Amortization
Previous Owner $555,750 Unknown
Previous Owner $80,000 Unknown
Previous Owner $355,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2025 02/05/25 Rented $6,200 +3.3% --
01/16/2025 01/16/25 Under Contract -- -- --
01/06/2025 01/06/25 For Rent $6,000 0.0% --
11/27/2024 11/27/24 Sold $1,850,000 0.0% $1,099 / Sq Ft
11/02/2024 11/02/24 Pending -- -- --
11/01/2024 11/01/24 Price Changed $1,850,000 +15.7% $1,099 / Sq Ft
10/22/2024 10/22/24 For Sale $1,599,000 +10.3% $950 / Sq Ft
07/23/2024 07/23/24 Sold $1,450,000 -3.3% $861 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $1,499,000 -- $890 / 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
2024 $11,905 $1,000,824 $600,682 $400,142
2023 $11,641 $981,201 $588,904 $392,297
2022 $11,059 $961,962 $577,357 $384,605
2021 $11,076 $943,101 $566,037 $377,064
2019 $10,596 $915,130 $549,249 $365,881
2018 $10,487 $897,187 $538,480 $358,707
2016 $9,969 $862,350 $517,571 $344,779
2015 $9,951 $849,398 $509,797 $339,601
2014 $9,818 $832,760 $499,811 $332,949
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24218017

California Regional Multiple Listing Service (CRMLS)

APN: 7584-003-038