NOT LISTED FOR SALE

Estimated Value: $4,475,000 - $5,265,000

2 Beds
3.5 Baths
3,484 Sq Ft
$1,356/Sq Ft Est. Value

Last Sold February 05, 2024

Last sale price $4,450,000 $1,277 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $29,338/month

18 Days on Market

Highlights

  • White Water Ocean Views
  • Above Ground Spa
  • 0.5 Acre Lot
  • Montemalaga Elementary School Rated A+
  • All Bedrooms Downstairs
  • Deck

About This Home

As of February 2024

View! View! View! Panoramic views from the ocean to the beach, from the city lights to the mountains, and enjoyed both day and night! A 2007 rebuilt by famed architect Don Thursby and winning Interior designer Juan Forteza, this home is a dream come true, a real Italian villa in Palos Verdes
Estates with your own grown production of olive oil! This might be an ideal home away from home or just wanting a simple life, but still wishing for an amazingly fabulous built home on this huge property with also great privacy! This is the chance to get a beautiful home, which is not built on
the lot as big as you can, but a cozy villa to call home! This home has two-bedroom suites, one on each wing. The primary suite has two totally separated spacious baths and two large walk-in closets, this spacious suite has a fireplace and a huge view balcony with a spa. The other suite also has a fireplace and a view balcony. There is a working area, which is equipped with all the built-ins as an efficient office, and mudroom, it is located next to an outdoor sitting area. The public area is so amazing, from the foyer to the living room, and a formal dining area, all with beam ceilings, niches, and architectural details throughout, it makes you wonder if you are on vacation somewhere and touring a landmark building. The outdoor living area has a fireplace, two pizza ovens, grills… did I forget about the gourmet kitchen? It has a Thermador refrigerator/freezer, 6-burner stove, warming drawers, wine refrigerator, and also divider drawers for easy organization, all ready for the Chef!!! Enjoy a glass of your favorite beverage while soaking in the Jacuzzi tub from the view balcony after a busy day, entertaining from the balconies and view vista from corner to corner. Also, how about a round of bocce to relax after a long day? This is the lifestyle that you always wanted!! By the way, there is also a closet with all the gardener’s needs in the courtyard and another working bench and storage area that is at the lower level. Finally, there is a unique tower powder room with mirrored windows on the top and an onyx floor… a unique home for the unique buyer! Just cannot be duplicated at this price! A great opportunity not to be missed!

Last Agent to Sell the Property

Lily Liang

Strand Hill Properties License #00837794 Listed on: 11/17/2023

Last Buyer's Agent

Judy Henry

Estate Properties License #00570554

Estate Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,093

Year Built

  • Built in 2007

Lot Details

  • 0.5 Acre Lot
  • Rural Setting
  • Density is 2-5 Units/Acre
  • Property is zoned PVR1YY

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener
  • Driveway

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • City Lights
  • Views of a landmark

Home Design

  • Mediterranean Architecture
  • Split Level Home
  • Frame Construction
  • Tile Roof

Interior Spaces

  • 3,484 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Entryway
  • Living Room with Fireplace
  • Living Room Balcony
  • Dining Room with Fireplace
  • Storage

Kitchen

  • Eat-In Kitchen
  • Built-In Range
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • All Bedrooms Down

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Above Ground Spa
  • Deck
  • Patio
  • Terrace
  • Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 4 / 1731
  • Tax Tract Number 7142
  • Assessor Parcel Number 7545003004
  • $2,029 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,093

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1YY
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7545003004
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3484.00 Square Feet
  • Interior Amenities: Living Room Balcony, Stone Counters, Storage, Wet Bar
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Stone, Tile, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area
  • Entry Level: 1
  • Fireplace Features: Dining Room, Living Room, Primary Retreat
  • Levels: Multi/Split
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1277.27
  • Room Type: All Bedrooms Down, Entry, Living Room
  • Spa Features: Above Ground
  • Room Kitchen Features: Stone Counters

Exterior Features

  • Patio: Yes
  • View: City Lights, Coastline, Landmark, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Deck, Patio, Porch, Terrace
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Frame

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Driveway, Garage - Two Door, Garage Door Opener, On Site, Private
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Gas Cooktop
  • Electric: 220 Volts in Laundry
  • Heating Type: Natural Gas
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Rural

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 21689.00
  • Lot Size Acres: 0.4979

Multi Family

  • Lease Considered: No
  • Lot Size Area: 21689.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 1731
  • Tax Census Tract: 6703.24
  • Tax Lot: 4
  • Tax Tract Number: 7142
  • TaxOtherAnnualAssessmentAmount: 2029.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2021
Closed on
Jan 21, 2022
Sold by
Gill Family Trust
Bought by
Thomas D Wolfe Jr Revocable Tr
Seller's Agent
Lily Liang
Strand Hill Properties
Buyer's Agent
Trey Alligood
Douglas Elliman
List Price
$5,495,000
Sold Price
$4,350,000
Premium/Discount to List
-$1,145,000
-20.84%
Total Days on Market
18
Current Estimated Value
$4,725,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,923
Avg. Annual Appreciation
2.54%
Original Mortgage
$4,500,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2013
Sold by
Gill Timothy J and Gill Julia M
Bought by
Gill Timothy John and Gill Julia Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.17%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 30, 2004
Sold by
Thomas D Wolfe Jr Revocable Trust
Bought by
Chang Deborah

Purchase Details

Closed on
Jan 13, 2004
Sold by
Tompkins Suzanne and Edwin H Tompkins Jr 2002 Trust
Bought by
Gill Timothy J and Gill Julia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2002
Sold by
Tompkins Edwin H
Bought by
Tompkins Edwin H and Edwin H Tompkins Jr 2002 Trust
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
Thomas D Wolfe Jr Revocable Tr $4,350,000 Old Republic Title
Gill Timothy John -- None Available
Chang Deborah $4,450,000 Progressive Title Company
Gill Timothy J $1,600,000 First American Title Co Los
Tompkins Edwin H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas D Wolfe Jr Revocable Tr $4,500,000
Previous Owner Thomas D Wolfe Jr Revocable Tr $4,500,000
Previous Owner Gill Timothy John $332,000
Previous Owner Gill Timothy J $250,000
Previous Owner Gill Timothy J $850,000
Previous Owner Gill Timothy J $1,012,700
Previous Owner Gill Timothy J $1,000,000
Previous Owner Tompkins Edwin H $100,000
Previous Owner Tompkins Edwin H $100,000
Closed Gill Timothy J $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2024 02/05/24 Sold $4,450,000 -7.3% $1,277 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
11/17/2023 11/17/23 For Sale $4,798,000 +10.3% $1,377 / Sq Ft
02/07/2022 02/07/22 Sold $4,350,000 -3.1% $1,382 / Sq Ft
01/16/2022 01/16/22 Pending -- -- --
01/01/2022 01/01/22 Price Changed $4,488,000 -8.4% $1,426 / Sq Ft
10/18/2021 10/18/21 Price Changed $4,899,000 -10.8% $1,557 / Sq Ft
06/14/2021 06/14/21 For Sale $5,495,000 -- $1,746 / 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 $51,093 $4,525,739 $3,601,864 $923,875
2023 $50,307 $4,437,000 $3,531,240 $905,760
2022 $36,571 $3,293,075 $2,057,913 $1,235,162
2021 $36,555 $3,228,506 $2,017,562 $1,210,944
2019 $34,975 $3,132,749 $1,957,721 $1,175,028
2018 $34,772 $3,071,324 $1,919,335 $1,151,989
2016 $33,037 $2,952,061 $1,844,805 $1,107,256
2015 $29,946 $2,907,719 $1,817,095 $1,090,624
2014 $32,210 $2,850,762 $1,781,501 $1,069,261
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23210253

California Regional Multiple Listing Service (CRMLS)

APN: 7545-003-004