NOT LISTED FOR SALE

Estimated Value: $2,763,000 - $3,557,000

4 Beds
3 Baths
3,274 Sq Ft
$971/Sq Ft Est. Value

Last Sold May 09, 2023

Last sale price $2,458,000 $751 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $20,292/month

21 Days on Market

Highlights

  • White Water Ocean Views
  • Golf Course Community
  • Main Floor Primary Bedroom
  • Montemalaga Elementary School Rated A+
  • Two Way Fireplace
  • High Ceiling

About This Home

As of May 2023

This Palos Verdes Estates home enjoys solid ocean views, including coastline, city wide, and mountain views! The city lights views are sensational during evening time. You will enjoy these great views even more, once you bring this home back to the life it deserves.
Yes, two levels of restoration await your final touches as you make this home your own. Located at the entrance to prestigious Via Rincon for easy access into town. The oversized attached 3 car garage provides direct access into the home. The floorplan includes a primary bedroom and private bath. Two other good sized bedrooms are on this same level. There is a large room and bath on the lower level of the home, that can be accessed via the interior stairs, and also has its own exterior entrance.
Your imagination turns this home into a wonderful spot to live for years to come.

Last Agent to Sell the Property

Steve Heavrin

Palm Realty Boutique, Inc. License #00907535 Listed on: 03/22/2023

Palm Realty Boutique, Inc.

Last Buyer's Agent

Steve Heavrin

Palm Realty Boutique, Inc. License #00907535 Listed on: 03/22/2023

Palm Realty Boutique, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,305

Year Built

  • Built in 1974

Lot Details

  • 0.28 Acre Lot
  • Irregular Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned PVR1*

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Side Facing Garage
  • Two Garage Doors
  • Combination Of Materials Used In The Driveway
  • Driveway Down Slope From Street

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • City Lights

Home Design

  • Cosmetic Repairs Needed
  • Spanish Tile Roof

Interior Spaces

  • 3,274 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Two Way Fireplace
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Open to Family Room
  • Electric Oven
  • Electric Range
  • Range Hood
  • Formica Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 3 Bathrooms
  • Corian Bathroom Countertops
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Utilities

  • Central Heating
  • Water Heater

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 7 / 1630
  • Tax Tract Number 7142
  • Assessor Parcel Number 7545005007
  • $1,570 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community
  • Horse Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,305

Year Built

Built in 1974

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Privately Maintained, Paved
  • View: Yes
  • Zoning: PVR1*
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7545005007
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3274.00 Square Feet
  • Interior Amenities: High Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: In Family Room
  • Fireplace Features: Family Room, Living Room, Two Way
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 750.76
  • Room Type: Family Room, Living Room, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Bathroom Features: Shower, Corian Counters, Exhaust Fan(s)
  • Room Kitchen Features: Formica Counters, Kitchen Open To Family Room

Exterior Features

  • Exterior Features: Rain Gutters
  • View: City Lights, Coastline, Ocean, Panoramic, White Water
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway - Combination, Concrete, Paved, Driveway Down Slope From Street, Garage, Garage Faces Side, Garage - Single Door, Garage - Two Door, Oversized
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Disposal, Range Hood, Water Heater
  • Electric: Standard
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Horse Trails, Suburban

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: 0-1 Unit/Acre, Lot 10000-19999 Sqft, Irregular Lot
  • Lot Size Sq Ft: 12050.00
  • Lot Size Acres: 0.2766

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12050.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 1630
  • Tax Census Tract: 6703.24
  • Tax Lot: 7
  • Tax Tract Number: 7142
  • TaxOtherAnnualAssessmentAmount: 1570.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Apr 19, 2023
Sold by
Clapham Living Trust
Bought by
Zhang Zhigang and Jin Buqing
Seller's Agent
Steve Heavrin
Palm Realty Boutique, Inc.
Buyer's Agent
Steve Heavrin
Palm Realty Boutique, Inc.
List Price
$2,599,000
Sold Price
$2,458,000
Premium/Discount to List
-$141,000
-5.43%
Total Days on Market
21
Views
51
Current Estimated Value
$3,179,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$721,781
Avg. Annual Appreciation
13.18%
Original Mortgage
$1,950,000
Outstanding Balance
$1,906,304
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$1,273,477

Purchase Details

Closed on
Apr 5, 2006
Sold by
Clapham Lawrence P
Bought by
Clapham Lawrence P
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
Zhang Zhigang $2,458,000 Chicago Title Company
Clapham Lawrence P -- None Available
Clapham Lawrence P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Zhigang $1,950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2023 05/09/23 Sold $2,458,000 -5.4% $751 / Sq Ft
03/22/2023 03/22/23 For Sale $2,599,000 -- $794 / 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 $29,305 $2,507,160 $2,091,000 $416,160
2023 $6,137 $426,708 $140,656 $286,052
2022 $5,894 $418,343 $137,899 $280,444
2021 $5,931 $410,142 $135,196 $274,946
2020 $5,867 $405,937 $133,810 $272,127
2019 $5,728 $397,979 $131,187 $266,792
2018 $5,576 $390,176 $128,615 $261,561
2016 $5,267 $375,027 $123,622 $251,405
2015 $5,204 $369,395 $121,766 $247,629
2014 $5,133 $362,160 $119,381 $242,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23035099

California Regional Multiple Listing Service (CRMLS)

APN: 7545-005-007