NOT LISTED FOR SALE

Estimated Value: $5,818,982 - $7,108,000

5 Beds
5.5 Baths
5,700 Sq Ft
$1,136/Sq Ft Est. Value

Last Sold May 31, 2012

Last sale price $4,100,000 $719 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $41,172/month

384 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Primary Bedroom Suite
  • Montemalaga Elementary School Rated A+
  • In Ground Pool
  • Fireplace in Primary Bedroom

About This Home

As of May 2012

Enjoy stunning panoramic, unobstructable ocean, Queen’s Necklace and city light views from this newer Mediterranean style home custom built in 2007 for proud owners. Situated on a 16,500 SF lot this home is located on one of Palos Verdes Estate’s prime streets – this home features 5 bedrooms and 5.5 baths with 5,700 SF of living space with essentially all living space located on one level! Living and Family rooms have vaulted ceilings, skylights and fireplaces. The Family room opens up to a beautifully landscaped garden complete with a beautiful Venetian Stone fountain imported from Italy & a pool in the courtyard. Large open kitchen overlooking panoramic ocean views with breakfast area, granite counter tops, dumb waiter and Thermador appliances. Master bedroom with panoramic ocean views, fireplace & a large master bath with spa tub. Other features include a library with built-ins, wine cellar, 3-car garage, BBQ in backyard, roof top deck and hardwood / marble floors and French doors throughout. Design by Edward Carson Beall.

Last Agent to Sell the Property

Raju Chhabria

Chhabria Real Estate Company License #00874072 Listed on: 04/12/2011

Last Buyer's Agent

Ann Kim

Peninsula Realty, Inc. License #01194322

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $57,906

Year Built

  • Built in 2007

Lot Details

  • 0.38

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Panoramic

Interior Spaces

  • 5,700 Sq Ft Home
  • Built-In Features
  • French Doors
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Library
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bidet

Additional Features

  • In Ground Pool
  • 0.38 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 7142
  • Assessor Parcel Number 7545004017

Home Details

Home Type

Single Family

Est. Annual Taxes

$57,906

Year Built

Built in 2007

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7545004017
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5700.00
  • Interior Amenities: Built-in Features
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Eating Area: Area, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 719.30
  • Room Type: Family Room, Library, Living Room, Master Bedroom, Master Suite, Walk-In Closet, Separate Family Room, Wine Cellar
  • Bathroom Features: Bidet

Exterior Features

  • View: Ocean, Panoramic, Water
  • Pool Features: In Ground
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In, Counter Top, Dishwasher, Range, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Lot Size Sq Ft: 16500.00
  • Lot Size Acres: 0.3800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 16500.0000 Square Feet

Tax Info

  • Tax Lot: 17
  • Tax Tract Number: 7142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2019
Sold by
Kim Song and Kim Juhyun
Bought by
Kim Song and Kim Juhyun
Total Days on Market
384
Current Estimated Value
$6,474,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 12, 2011
Closed on
May 14, 2012
Sold by
Choi Susan O
Bought by
Kim Song and Kim Juhyun
Seller's Agent
Raju Chhabria
Chhabria Real Estate Company
Buyer's Agent
Ann Kim
Peninsula Realty, Inc.
List Price
$4,799,000
Sold Price
$4,100,000
Premium/Discount to List
-$699,000
-14.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Original Mortgage
$2,665,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 7, 2006
Sold by
Choi Boo W and Choi Susan
Bought by
Choi Boo Woong and Choi Susan O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
6.36%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 29, 2004
Sold by
Yamamoto Family 2004 Irrevocable Trust
Bought by
Choi Boo W and Choi Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,235,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2004
Sold by
Yamamoto Kikuko and Yamamoto Akitoshi
Bought by
Matsumae Yosh
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
Kim Song -- Title Connect
Kim Song -- Title Connect
Kim Song $4,100,000 Lawyers Title Company
Choi Boo Woong -- None Available
Choi Boo W $1,900,000 Southland Title Corporation
Matsumae Yosh -- --
Matsumae Yosh -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Song $3,000,000
Closed Kim Song $3,000,000
Closed Kim Song $2,000,000
Closed Kim Song $2,500,000
Closed Kim Song $2,665,000
Previous Owner Choi Boo Woong $1,650,000
Previous Owner Choi Boo W $2,300,000
Previous Owner Choi Boo W $1,235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2012 05/31/12 Sold $4,100,000 -8.9% $719 / Sq Ft
10/21/2011 10/21/11 Price Changed $4,499,000 -6.3% $789 / Sq Ft
04/12/2011 04/12/11 For Sale $4,799,000 -- $842 / 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 $57,906 $5,095,116 $2,585,994 $2,509,122
2023 $57,036 $4,995,213 $2,535,289 $2,459,924
2022 $54,163 $4,897,269 $2,485,578 $2,411,691
2021 $54,118 $4,801,245 $2,436,842 $2,364,403
2020 $53,391 $4,752,015 $2,411,856 $2,340,159
2019 $51,775 $4,658,839 $2,364,565 $2,294,274
2018 $51,459 $4,567,490 $2,318,201 $2,249,289
2016 $48,887 $4,390,132 $2,228,184 $2,161,948
2015 $48,392 $4,284,920 $2,194,715 $2,090,205
2014 $47,243 $4,200,985 $2,151,724 $2,049,261
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S11046026

California Regional Multiple Listing Service (CRMLS)

APN: 7545-004-017