Seller's Agent in 2023
Cari Corbalis
Vista Sotheby’s International Realty
(310) 704-4014
51 in this area
256 Total Sales
848 Via Somonte Palos Verdes Estates, CA 90274
Estimated Value: $3,963,000 - $4,660,000
4
Beds
4
Baths
3,395
Sq Ft
$1,266/Sq Ft
Est. Value
Highlights
- Ocean View
- Golf Course Community
- 0.54 Acre Lot
- Montemalaga Elementary School Rated A+
- Primary Bedroom Suite
- Fireplace in Primary Bedroom
About This Home
As of June 2023Originally built in 1929, this Spanish-style home is located on one of the most coveted streets in upper Malaga Cove with unsurpassed coastline and Queen’s necklace views. With their pick of locations, early builders had a choice in where to build, and this prime location reflects that freedom. This home has original, intact details which speak of another time, using stonework, high beamed ceilings and thick, plaster walls which give a substantial feeling of quality craftsmanship. Arched doorways, cozy fireplaces and a formal dining room are elegant details that add to the luxury, yet historic nature the home. The coastline views are abundant from the majority of the rooms in this well-laid out residence and are equally as dramatic from the multiple patios and terraces. Lovely upgrades have kept this home current such as an elevator, finished garage, separate laundry room, and bathroom remodeling. The 23,000 + sq ft lot offers many places to enjoy the ocean breezes, including a flat pad above the home where the views continue to impress. This upper Malaga Cove location provides easy access on and off the hill, yet provides a sanctuary upon your return.
Last Agent to Sell the Property
Vista Sotheby’s International Realty License #00850678 Listed on: 05/11/2023
Last Buyer's Agent
Vista Sotheby’s International Realty License #00850678 Listed on: 05/11/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $43,559
Year Built
- Built in 1929
Lot Details
- 0.54
Parking
- 2 Car Attached Garage
- 2 Open Parking Spaces
- Parking Available
- Two Garage Doors
Property Views
- Ocean
- Coastline
- Panoramic
Home Design
- Spanish Architecture
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Raised Foundation
- Slab Foundation
- Tile Roof
Interior Spaces
- 3,395 Sq Ft Home
- 3-Story Property
- Crown Molding
- Living Room with Fireplace
- Dining Room
- Bonus Room with Fireplace
- Laundry Room
Kitchen
- Eat-In Kitchen
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Bathtub
Additional Features
- Patio
- 0.54 Acre Lot
- Central Heating
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 6884
- Assessor Parcel Number 7540027001
Community Details
Overview
- No Home Owners Association
Recreation
- Golf Course Community
- Park
- Hiking Trails
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2023
Closed on
May 23, 2023
Sold by
Alfred E Marotta Trust
Bought by
Nielsen Hans and Nielsen Elsa Djuardi
Seller's Agent
Cari Corbalis
Vista Sotheby’s International Realty
Buyer's Agent
Cari Corbalis
Vista Sotheby’s International Realty
List Price
$3,799,000
Sold Price
$3,750,000
Premium/Discount to List
-$49,000
-1.29%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$547,657
Avg. Annual Appreciation
6.08%
Original Mortgage
$2,250,000
Outstanding Balance
$2,197,914
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$2,099,743
Purchase Details
Closed on
Apr 27, 2021
Sold by
Marotta Alfred E
Bought by
Alfred E Marotta Trust and Marotta
Purchase Details
Closed on
Mar 19, 1999
Sold by
Marotta Tracy M
Bought by
Marotta Alfred E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nielsen Hans | $3,750,000 | First American Title Insurance | |
| Alfred E Marotta Trust | -- | None Listed On Document | |
| Marotta Alfred E | -- | Equity Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nielsen Hans | $2,250,000 | |
| Previous Owner | Marotta Alfred E | $850,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/14/2023 06/14/23 | Sold | $3,750,000 | -1.3% | $1,105 / Sq Ft |
| 05/11/2023 05/11/23 | For Sale | $3,799,000 | -- | $1,119 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $43,559 | $3,901,500 | $3,121,200 | $780,300 |
| 2024 | $43,559 | $3,825,000 | $3,060,000 | $765,000 |
| 2023 | $17,586 | $1,431,474 | $780,951 | $650,523 |
| 2022 | $16,749 | $1,403,407 | $765,639 | $637,768 |
| 2021 | $16,749 | $1,375,890 | $750,627 | $625,263 |
| 2020 | $16,530 | $1,361,783 | $742,931 | $618,852 |
| 2019 | $16,062 | $1,335,082 | $728,364 | $606,718 |
| 2018 | $15,919 | $1,308,905 | $714,083 | $594,822 |
| 2016 | $15,094 | $1,258,080 | $686,355 | $571,725 |
| 2015 | $14,932 | $1,239,184 | $676,046 | $563,138 |
| 2014 | $14,719 | $1,214,911 | $662,804 | $552,107 |
Source: Public Records
Agents Affiliated with this Home
-
Cari Corbalis
-
Brittney Austin
Seller Co-Listing Agent in 2023
Brittney Austin
Vista Sotheby’s International Realty
(310) 938-9167
42 in this area
198 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23061403
APN: 7540-027-001
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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