961 Via Rincon Palos Verdes Estates, CA 90274
Estimated Value: $5,995,000 - $6,517,000
6
Beds
6.5
Baths
6,219
Sq Ft
$1,006/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Home Theater
- Primary Bedroom Suite
- Montemalaga Elementary School Rated A+
- Private Pool
- Updated Kitchen
About This Home
As of November 2023Luxurious Monte Malaga Masterpiece with Breathtaking Panoramic Views of the iconic Queen’s Necklace, stretching gracefully from the shores of Malibu to the majestic peaks of the San Bernardino Mountains. This rare gem of contemporary design presents a seamless blend of opulence and sophistication, offering an unmatched lifestyle of comfort and grandeur. Spanning two levels of architectural brilliance, this 6-bedroom, 6.5-bathroom estate stands as a testament to modern elegance. The impressive double-door entryway leads into a world of refined living, where gleaming hardwood floors lead you to the spacious living room adorned with vaulted ceilings and fireplace. Here, you can indulge in the breathtaking coastline view that stretches beyond the horizon, with sparkling waves dancing along the pristine beaches and the enchanting city lights of Downtown Los Angeles. The gourmet kitchen is a culinary masterpiece, complete with a generous center island adorned with Wolf and Thermador appliances, plus a large pantry and laundry room adds to the functionality. An elegant formal dining area with built-in cabinetry provides for lavish gatherings, and a charming breakfast nook with a bay window overlooks the serene patio oasis, complete with a glistening pool and spa. The main level is crowned by the lavish Primary Suite, a haven of tranquility boasting panoramic vistas and an ensuite bathroom of sheer indulgence. Immerse yourself in the spa tub, surrender to the soothing steam shower, and explore the vast walk-in closet that caters to even the most discerning fashion enthusiast. Two additional bedroom suites on this level provide a seamless connection to the patio's enchanting ambiance. Venture to the lower level to discover an array of entertainment and leisure possibilities. A game room, resplendent with ocean views, features a well-appointed bar, while a sprawling media room offers movie nights, gaming adventures, or your very own fitness haven. Three more exquisite bedroom suites ensure that family and guests are pampered with space and comfort, while an elevator/dumbwaiter offers effortless access between levels. A collector's dream, the cavernous garage boasts space for up to nine cars, complete with a Tesla charger, providing a distinguished showcase for your prized automobile collection. Indulge in the epitome of coastal luxury living, where breathtaking views and refined design converge to create an unparalleled residence in coveted Monte Malaga.
Last Listed By
Rick Wilkinson
Redfin Corporation License #01427456 Listed on: 08/18/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $64,654
Year Built
- Built in 1980 | Remodeled
Lot Details
- 0.3 Acre Lot
- Landscaped
- Sprinkler System
- Back and Front Yard
- Property is zoned PVR1*
Parking
- 6 Car Direct Access Garage
- Parking Available
- Three Garage Doors
Property Views
- White Water Ocean
- Coastline
- Panoramic
- City Lights
- Mountain
Home Design
- Contemporary Architecture
- Spanish Tile Roof
Interior Spaces
- 6,219 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Central Vacuum
- Wired For Data
- Skylights
- Double Pane Windows
- Roller Shields
- Bay Window
- Family Room
- Living Room with Fireplace
- Dining Room
- Home Theater
- Library
- Game Room
- Home Security System
Kitchen
- Updated Kitchen
- Dumbwaiter
- Breakfast Area or Nook
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Gas Oven
- Six Burner Stove
- Range Hood
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms | 3 Main Level Bedrooms
- Primary Bedroom on Main
- Primary Bedroom Suite
- Remodeled Bathroom
- Makeup or Vanity Space
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Hydromassage or Jetted Bathtub
- Separate Shower
Laundry
- Laundry Room
- Laundry on upper level
Pool
- Private Pool
- Spa
Outdoor Features
- Patio
- Exterior Lighting
Utilities
- Two cooling system units
- Forced Air Heating and Cooling System
- 220 Volts in Garage
Listing and Financial Details
- Legal Lot and Block 22 / 1634
- Tax Tract Number 7142
- Assessor Parcel Number 7545004022
- $2,892 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Hiking Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 18, 2023
Closed on
Oct 6, 2023
Sold by
Bowles Sean M
Bought by
Sun Qing Wen and Li Bi Xiang
Seller's Agent
Rick Wilkinson
Redfin Corporation
Buyer's Agent
Mike Sun
WeTrust Realty
List Price
$5,750,000
Sold Price
$5,700,000
Premium/Discount to List
-$50,000
-0.87%
Total Days on Market
47
Views
99
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
$553,663
Avg. Annual Appreciation
6.12%
Original Mortgage
$3,420,000
Outstanding Balance
$3,365,736
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$2,887,927
Purchase Details
Closed on
Oct 14, 2021
Sold by
Given Geoffrey and 961 Via Rincon Trust
Bought by
Bowles Sean M
Purchase Details
Listed on
Aug 3, 2018
Closed on
Oct 17, 2018
Sold by
Lu David S and Lu Michelle T
Bought by
Given Geoffrey
Seller's Agent
Joyce Yang
Estate Properties
Buyer's Agent
Christina Carrillo
Keller Williams Silicon Beach
List Price
$3,999,900
Sold Price
$3,888,000
Premium/Discount to List
-$111,900
-2.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%
Purchase Details
Closed on
Dec 30, 1999
Sold by
Lu David S
Bought by
Lu David S and Lu Michelle T
Purchase Details
Closed on
May 4, 1998
Sold by
Giuliano Nancy
Bought by
Lu Davis S and Lu Michelle T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,420,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 11, 1997
Sold by
Giuliano Nancy
Bought by
Giuliano Nancy Ritmire
Purchase Details
Closed on
Sep 12, 1996
Sold by
Giuliano Nancy
Bought by
Giuliano Nancy Ritmire
Purchase Details
Closed on
Sep 23, 1993
Sold by
Giuliano Sebastian Robert
Bought by
Giuliano Sebastian Robert and Giuliano Nancy Ritmire
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.13%
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
Similar Homes in Palos Verdes Estates, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sun Qing Wen | $5,700,000 | Usa National Title Company | |
| Bowles Sean M | -- | None Available | |
| Given Geoffrey | $3,888,000 | Progressive Title Companty | |
| Lu David S | -- | -- | |
| Lu Davis S | $1,775,000 | Commonwealth Title | |
| Giuliano Nancy Ritmire | -- | -- | |
| Giuliano Nancy Ritmire | -- | Southland Title | |
| Giuliano Sebastian Robert | -- | Continental Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sun Qing Wen | $3,420,000 | |
| Previous Owner | Lu David S | $100,000 | |
| Previous Owner | Lu David S | $830,000 | |
| Previous Owner | Lu David S | $850,000 | |
| Previous Owner | Lu David S | $500,000 | |
| Previous Owner | Lu David S | $450,000 | |
| Previous Owner | Lu David S | $200,000 | |
| Previous Owner | Lu David S | $999,980 | |
| Previous Owner | Lu David S | $1,420,000 | |
| Previous Owner | Lu Davis S | $1,420,000 | |
| Previous Owner | Giuliano Sebastian Robert | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/03/2023 11/03/23 | Sold | $5,700,000 | -0.9% | $917 / Sq Ft |
| 10/04/2023 10/04/23 | Pending | -- | -- | -- |
| 08/18/2023 08/18/23 | For Sale | $5,750,000 | +47.9% | $925 / Sq Ft |
| 11/01/2018 11/01/18 | Sold | $3,888,000 | -2.8% | $625 / Sq Ft |
| 10/09/2018 10/09/18 | Pending | -- | -- | -- |
| 08/03/2018 08/03/18 | For Sale | $3,999,900 | 0.0% | $643 / Sq Ft |
| 04/04/2016 04/04/16 | Rented | $10,000 | -8.3% | -- |
| 04/04/2016 04/04/16 | Under Contract | -- | -- | -- |
| 02/12/2016 02/12/16 | For Rent | $10,900 | +24.6% | -- |
| 08/16/2013 08/16/13 | Rented | $8,750 | 0.0% | -- |
| 08/15/2013 08/15/13 | Under Contract | -- | -- | -- |
| 07/17/2013 07/17/13 | For Rent | $8,750 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $64,654 | $5,700,000 | $2,650,200 | $3,049,800 |
| 2023 | $56,165 | $4,896,000 | $2,958,000 | $1,938,000 |
| 2022 | $53,347 | $4,800,000 | $2,900,000 | $1,900,000 |
| 2021 | $45,808 | $4,006,845 | $1,959,005 | $2,047,840 |
| 2020 | $45,197 | $3,965,760 | $1,938,918 | $2,026,842 |
| 2019 | $43,847 | $3,888,000 | $1,900,900 | $1,987,100 |
| 2018 | $34,787 | $2,999,927 | $1,016,024 | $1,983,903 |
| 2016 | $32,526 | $2,838,237 | $976,571 | $1,861,666 |
| 2015 | $32,188 | $2,795,605 | $961,902 | $1,833,703 |
| 2014 | $31,698 | $2,740,844 | $943,060 | $1,797,784 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2023
Rick Wilkinson
Redfin Corporation
(310) 663-9064
-
Mike Sun
M
Buyer's Agent in 2023
Mike Sun
WeTrust Realty
(626) 765-4025
1 in this area
19 Total Sales
-
Joyce Yang
Seller's Agent in 2018
Joyce Yang
RE/MAX
2 in this area
46 Total Sales
-
Lily Liang
Seller Co-Listing Agent in 2018
Lily Liang
Strand Hill Properties
(310) 373-3333
20 in this area
38 Total Sales
-
C
Buyer's Agent in 2018
Christina Carrillo
Keller Williams Silicon Beach
-
Bill Ruth
Buyer's Agent in 2016
Bill Ruth
Coastal Legacy Realty Group
(310) 621-2885
3 in this area
46 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23138187
APN: 7545-004-022
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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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