NOT LISTED FOR SALE

Estimated Value: $7,318,000 - $9,262,435

7 Beds
9 Baths
7,826 Sq Ft
$1,078/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $5,800,000 $741 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $51,622/month

126 Days on Market

Highlights

  • White Water Ocean Views
  • Golf Course Community
  • Heated Spa
  • Montemalaga Elementary School Rated A+
  • Community Stables
  • Primary Bedroom Suite

About This Home

As of April 2020

This premier French Normandy gated estate has it all. Superior upper Malaga location, stunning curb appeal, panoramic VIEWS of the ocean, coastline, city, mountains and Queen's Necklace from almost all rooms. Situated on two and a half lots this historic residence is one of the first houses built in PV Estates and offers ultimate privacy, serenity, top of the line upgrades and designer's applications through out. An elegant living room, both formal and informal dining areas, and a spectacular kitchen that opens to stunning family room, all with expansive patios to emphasize the classic indoor-outdoor California lifestyle and exquisite landscape. The luxurious master-suite features vaulted ceilings, fireplace, huge walk-in closet and a charming balcony to enjoy the phenomenal vistas, both day and night. The large motor court leads to a spacious, three car garage, which is enhanced by an private guest quarters. Timeless architecture, a private spa, gorgeous hardwood floors, leaded windows, vaulted, beamed ceilings, French doors through out, rose garden and numerous fruit trees contribute to the overall magical appeal. Old world charm and modern conveniences have been combined with meticulous attention to detail to accentuate this enchanting estate. Minutes to Malaga Cove plaza, the beach, all major transportation, endless walking trails and award winning Palos Verdes schools.

Last Agent to Sell the Property

Larissa Rubijevsky

Estate Properties License #01347242 Listed on: 11/08/2019

Co-Listed By

Chris Adlam

Vista Sotheby's International Realty License #00967574

Last Buyer's Agent

Richard Edler

Vista Sotheby's International Realty License #01113145

Vista Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $70,784

Year Built

  • Built in 1926

Lot Details

  • 0.57 Acre Lot
  • Secluded Lot
  • Corner Lot
  • Sprinkler System
  • Property is zoned PVR1*

Parking

  • 3 Car Garage

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • City Lights
  • Woods
  • Mountain
  • Hills
  • Neighborhood

Home Design

  • Custom Home
  • French Architecture
  • Split Level Home
  • Copper Plumbing

Interior Spaces

  • 7,826 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Formal Entry
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Home Office
  • Library
  • Storage
  • Laundry Room
  • Home Gym
  • Wood Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Maid or Guest Quarters
  • 9 Full Bathrooms

Pool

  • Heated Spa
  • In Ground Spa

Additional Features

  • Balcony
  • Zoned Heating and Cooling

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 6884
  • Assessor Parcel Number 7540028027

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community
  • Community Stables
  • Horse Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$70,784

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Architectural Style: Custom Built, French
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7540028027
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7826.00 Square Feet
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, High Ceilings, Living Room Deck Attached, Open Floorplan, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 9
  • Full And Three Quarter Bathrooms: 9
  • Total Bedrooms: 7
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Multi/Split
  • Price Per Square Foot: 741.12
  • Room Type: Entry, Exercise Room, Family Room, Formal Entry, Great Room, Guest/Maid's Quarters, Kitchen, Laundry, Library, Living Room, Master Suite, Office, Two Masters
  • Spa Features: Private, Heated, In Ground

Exterior Features

  • View: City Lights, Coastline, Hills, Mountain(s), Neighborhood, Ocean, Panoramic, Trees/Woods, Water, White Water
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Horse Trails, Stable(s)

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 20000-39999 Sqft, Secluded, Sprinkler System
  • Lot Size Sq Ft: 24815.00
  • Lot Size Acres: 0.5697

Multi Family

  • Lease Considered: No
  • Lot Size Area: 24815.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6703.24
  • Tax Lot: 9
  • Tax Tract Number: 6884

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2019
Closed on
Apr 6, 2020
Sold by
Oberman Dave
Bought by
Johnsen Bret and Johnsen Catherine
Seller's Agent
Larissa Rubijevsky
Estate Properties
Buyer's Agent
Richard Edler
Vista Sotheby's International Realty
List Price
$6,990,000
Sold Price
$5,800,000
Premium/Discount to List
-$1,190,000
-17.02%
Current Estimated Value
$8,351,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,551,007
Avg. Annual Appreciation
7.34%

Purchase Details

Closed on
Jan 29, 2019
Sold by
Oberman Dave
Bought by
Oberman Dave

Purchase Details

Closed on
Aug 10, 1999
Sold by
Krause William A and Krause Sallie
Bought by
Oberman Dave and Simpson Oberman Ann
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
Johnsen Bret $5,800,000 Chicago Title
Oberman Dave -- None Available
Oberman Dave $3,388,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnsen Bret Walton $4,060,000
Previous Owner Oberman Dave $1,000,000
Previous Owner Oberman Dave $1,000,000
Previous Owner Oberman Dave $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2020 04/24/20 Sold $5,800,000 -17.0% $741 / Sq Ft
03/13/2020 03/13/20 Pending -- -- --
11/26/2019 11/26/19 Price Changed $6,990,000 0.0% $893 / Sq Ft
11/26/2019 11/26/19 For Sale $6,990,000 0.0% $893 / Sq Ft
11/08/2019 11/08/19 For Sale $6,990,000 -- $893 / 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 $70,784 $6,343,145 $3,827,760 $2,515,385
2024 $70,784 $6,218,770 $3,752,706 $2,466,064
2023 $69,747 $6,096,834 $3,679,124 $2,417,710
2022 $66,243 $5,977,289 $3,606,985 $2,370,304
2021 $66,175 $5,860,088 $3,536,260 $2,323,828
2020 $64,648 $5,746,837 $4,058,740 $1,688,097
2019 $62,354 $5,634,155 $3,979,157 $1,654,998
2018 $62,059 $5,523,683 $3,901,135 $1,622,548
2016 $58,945 $5,309,194 $3,749,650 $1,559,544
2015 $58,347 $5,229,446 $3,693,327 $1,536,119
2014 $57,458 $5,127,009 $3,620,980 $1,506,029
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV19261187

California Regional Multiple Listing Service (CRMLS)

APN: 7540-028-027