NOT LISTED FOR SALE

7032 Lofty Grove Dr Rancho Palos Verdes, CA 90275

Estimated Value: $1,551,000 - $1,780,000

3 Beds
2 Baths
1,684 Sq Ft
$988/Sq Ft Est. Value

Last Sold July 23, 2015

Last sale price $988,000 $587 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $10,463/month

12 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Ocean Side of Highway 1
  • Secluded Lot
  • Vista Grande Elementary Rated A+
  • Property is near a park
  • Private Yard

About This Home

As of July 2015

Hidden Gated Sanctuary in the Heart of Palos Verdes! Elevated on a spacious, quiet corner lot, this very private &secure property offers a sense of serenity from the moment you arrive. Walk through the gated perimeter with its stone garden to the foyer which opens to the extra-large living room which affords views through 2 sets of floor-to-ceiling windows of the large patio &lush backyard. The comfortable adjacent family room accesses the peaceful backyard. The large eat-in kitchen with garden window &adjacent big laundry room allow for ample storage. Bedrooms include the master which features a wall of closets &private bath +2 additional bedrooms which share a full bath. Mature colorful landscaping adds to beauty &privacy. And there is ample parking for 6 cars on the large concrete &brick driveway +parking for 2 more cars in the attached garage. Meticulously maintained &enhanced over the 50 years this home was loved by the same family, you will note that there have been upgrades over the years to kitchen, master bath, plumbing, roof, furnace, water heater, driveway, fence &much more. Located on the Palos Verdes Peninsula with its cool clean air, award winning schools, abundant recreational facilities, nearby shopping &easy access to freeways & LAX.

Last Agent to Sell the Property

Sheila-Anne Teisher

Estate Properties License #00999624 Listed on: 06/05/2015

Estate Properties

Last Buyer's Agent

Gabrielle Herendeen

Estate Properties License #01325858

Estate Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,508

Year Built

  • Built in 1962

Lot Details

  • 9,002 Sq Ft Lot
  • Landscaped
  • Secluded Lot
  • Corner Lot
  • Irregular Lot
  • Sprinklers Throughout Yard
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener
  • Up Slope from Street
  • Combination Of Materials Used In The Driveway

Interior Spaces

  • 1,684 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Garden Windows
  • Entrance Foyer
  • Separate Family Room
  • Living Room with Fireplace
  • Storage
  • Laundry Room
  • Neighborhood Views

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Ocean Side of Highway 1
  • Concrete Porch or Patio
  • Exterior Lighting

Additional Features

  • Property is near a park
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 25109
  • Assessor Parcel Number 7584003032

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,508

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7584003032
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1684.00
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Storage, Tile Counters
  • Common Walls: No Common Walls
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: In Kitchen
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 586.70
  • Room Type: All Bedrooms Down, Family Room, Foyer, Living Room, Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Separate Family Room
  • Window Features: Blinds, Drapes, Garden Window(s)

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway - Combination, Driveway, Direct Garage Access, Garage, Garage Door Opener, Garage - Two Door
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Dishwasher, Gas Range, Refrigerator
  • Heating Type: Natural Gas
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Back Yard, Front Yard, Garden, Lawn, Landscaped, Irregular Lot, Park Nearby, Corner Lot, Secluded, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer, Sprinkler System, Up Slope from Street, Walkstreet, Yard
  • Lot Size Sq Ft: 9002.00
  • Lot Size Acres: 0.2070

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9002.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 43
  • Tax Tract Number: 25109

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2015
Closed on
Jun 19, 2015
Sold by
White Suanne L and The Mc Cord Family Trust
Bought by
Cdrbett Jason and Corbeit Katrina
Seller's Agent
Sheila-Anne Teisher
Estate Properties
Buyer's Agent
Gabrielle Herendeen
Estate Properties
List Price
$988,000
Sold Price
$988,000
Total Days on Market
12
Current Estimated Value
$1,663,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$675,338
Avg. Annual Appreciation
5.41%
Original Mortgage
$790,400
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2003
Sold by
Mccord Wayne P and Mccord Wilma L
Bought by
Mccord Wayne P and Mccord Wilma L
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 Buyer Sale Price Title Company
Cdrbett Jason $988,000 Progressive Title Company
Mccord Wayne P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corbett Jason $720,694
Closed Corbett Jason $776,600
Closed Cdrbett Jason $790,400
Previous Owner Mccord Wilma L $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2015 07/23/15 Sold $988,000 0.0% $587 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $988,000 -- $587 / 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 $13,508 $1,146,652 $917,324 $229,328
2023 $13,223 $1,124,170 $899,338 $224,832
2022 $12,559 $1,102,128 $881,704 $220,424
2021 $12,575 $1,080,518 $864,416 $216,102
2019 $12,029 $1,048,472 $838,778 $209,694
2018 $11,898 $1,027,915 $822,332 $205,583
2016 $11,312 $988,000 $790,400 $197,600
2015 $2,030 $113,987 $58,525 $55,462
2014 -- $111,755 $57,379 $54,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV15121863

California Regional Multiple Listing Service (CRMLS)

APN: 7584-003-032