NOT LISTED FOR SALE

7321 Lunada Vista Rancho Palos Verdes, CA 90275

Estimated Value: $3,672,445 - $4,174,000

5 Beds
5 Baths
4,245 Sq Ft
$949/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $3,300,000 $777 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $24,568/month

232 Days on Market

Highlights

  • White Water Ocean Views
  • Primary Bedroom Suite
  • Wood Flooring
  • Point Vicente Elementary School Rated A+
  • Fireplace in Primary Bedroom
  • Main Floor Bedroom

About This Home

As of July 2021

Enjoy unobstructed panoramic views of the ocean and sunset from this luxuriously appointed Tuscan Villa, located on a cul-de-sac in Lunada Vista, Rancho Palos Verdes. Situated on an elevated lot, this 5 BD + 5 BA w/ 4,245 SF home lends itself to fabulous views from almost every room. The main level features an open floorplan that seamlessly flows from the formal entry into the formal living room, kitchen that opens to the large family, breakfast and to the formal dining rooms. Multiple outdoor patio areas accessed from the living & family rooms are perfect for hosting gatherings, large and small. The chef’s kitchen that faces gorgeous views is complete w/a 6-burner Viking range, an oven, built-in microwave, and a large island. In addition, there is also a guest en-suite bedroom on this level. Wake up to tranquil ocean views in the master suite, situated on the second level. It features a fireplace, a balcony, a walk-in closet & a large bath w/ separate shower, jetted tubs & dual sinks. Also located on the upper floor are one en-suite bedroom, 2 bedrooms w/ a shared bathroom, and the laundry rm. Other features of the home include 3 fireplaces, travertine & wood flooring throughout, an elevator, custom designer finishes throughout, a 3-car garage and much more. This property is close to Lunada Bay shops & restaurants, award winning schools, Golden Cove Shopping, and Terranea Resort. Wait no more! This is the dream home you have been waiting for!

Last Agent to Sell the Property

Raju Chhabria

Chhabria Real Estate Company License #00874072 Listed on: 09/23/2020

Co-Listed By

Anand Chhabria

Chhabria Real Estate Company License #01908741

Last Buyer's Agent

Anand Chhabria

Chhabria Real Estate Company License #01908741

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,561

Year Built

  • Built in 2007

Lot Details

  • 0.32

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Panoramic

Interior Spaces

  • 4,245 Sq Ft Home
  • Elevator
  • High Ceiling
  • Formal Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Formal Dining Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower

Outdoor Features

  • Balcony
  • Stone Porch or Patio

Schools

  • Point Vicente Elementary School
  • Palos Verdes Middle School
  • Peninsula High School

Additional Features

  • 0.32 Acre Lot
  • Suburban Location
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 52666
  • Assessor Parcel Number 7582016068

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,561

Year Built

Built in 2007

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7582016068
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4245.00 Square Feet
  • Interior Amenities: Balcony, Elevator, Granite Counters, High Ceilings
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 5
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Area, Breakfast Counter / Bar, Breakfast Nook, Dining Room, Separated
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 777.39
  • Room Type: Family Room, Formal Entry, Jack & Jill, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Multi-Level Bedroom, Separate Family Room, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Jetted Tub, Separate Tub And Shower, Stone Counters
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Stone Counters

Exterior Features

  • Patio: Yes
  • View: Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Patio, Patio Open, Stone
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Microwave, Range Hood, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Palos Verdes Peninsula Unified
  • Elementary School: Point Vicente
  • Middle School: Palos Verdes
  • High School: Peninsula
  • Elementary School: Point Vicente
  • High School: Peninsula
  • Middle Or Junior School: Palos Verdes
  • Elementary School #2: POIVIC
  • High School2: PENINS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14003.00
  • Lot Size Acres: 0.3215

Multi Family

  • Lease Considered: No
  • Lot Size Area: 14003.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 11
  • Tax Tract: 52666
  • Tax Tract Number: 52666

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2020
Closed on
May 19, 2021
Sold by
Cheng Tao and Cheng Yu
Bought by
3344 Pv Drive Llc
Seller's Agent
Raju Chhabria
Chhabria Real Estate Company
Buyer's Agent
Anand Chhabria
Chhabria Real Estate Company
List Price
$3,500,000
Sold Price
$3,300,000
Premium/Discount to List
-$200,000
-5.71%
Current Estimated Value
$4,027,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$727,861
Avg. Annual Appreciation
4.85%
Original Mortgage
$1,900,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 3, 2014
Closed on
Apr 22, 2015
Sold by
Kost David M and Kost Katherine M
Bought by
Cheng Tao and Chen Yu
Seller's Agent
Gayle Probst
Estate Properties
Buyer's Agent
Linda Yang
IRN Realty
List Price
$3,250,000
Sold Price
$3,100,000
Premium/Discount to List
-$150,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.01%
Original Mortgage
$1,600,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 5, 2009
Sold by
Chhabria Raju
Bought by
Kost David M and Kost Katherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2009
Sold by
Chhabria Philomina
Bought by
Chhabria Raju

Purchase Details

Closed on
Oct 22, 2008
Sold by
3200 Pv Drive West Llc
Bought by
Chhabria Raju and Chhabria Philomina
Source: Public Records

Range of Values:

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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
3344 Pv Drive Llc $3,300,000 Lawyers Title
Cheng Tao $3,100,000 Progressive
Kost David M $2,600,000 Lawyers Title Company
Chhabria Raju -- Lawyers Title Company
Chhabria Raju -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 3344 Pv Drive Llc $1,900,000
Previous Owner Cheng Tao $1,600,000
Previous Owner Kost David M $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $3,300,000 -2.9% $777 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
02/18/2021 02/18/21 Price Changed $3,400,000 -2.9% $801 / Sq Ft
09/23/2020 09/23/20 For Sale $3,500,000 +12.9% $824 / Sq Ft
04/28/2015 04/28/15 Sold $3,100,000 -4.6% $730 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $3,250,000 0.0% $765 / Sq Ft
01/16/2015 01/16/15 Pending -- -- --
11/03/2014 11/03/14 For Sale $3,250,000 -- $765 / 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 $38,561 $3,501,986 $2,016,295 $1,485,691
2024 $38,561 $3,433,320 $1,976,760 $1,456,560
2023 $37,932 $3,366,000 $1,938,000 $1,428,000
2022 $35,983 $3,300,000 $1,900,000 $1,400,000
2021 $38,111 $3,442,000 $1,554,451 $1,887,549
2020 $37,585 $3,406,708 $1,538,513 $1,868,195
2019 $36,420 $3,339,911 $1,508,347 $1,831,564
2018 $36,197 $3,274,423 $1,478,772 $1,795,651
2016 $34,404 $3,147,275 $1,421,350 $1,725,925
2015 $30,812 $2,792,478 $1,074,029 $1,718,449
2014 $30,359 $2,737,778 $1,052,991 $1,684,787
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20192289

California Regional Multiple Listing Service (CRMLS)

APN: 7582-016-068