NOT LISTED FOR SALE

981 Paseo la Cresta Palos Verdes Estates, CA 90274

Estimated Value: $3,223,000 - $4,133,000

4 Beds
3.5 Baths
3,890 Sq Ft
$964/Sq Ft Est. Value

Highlights

  • Primary Bedroom Suite
  • 36,229 Sq Ft lot
  • Granite Countertops
  • Montemalaga Elementary School Rated A+
  • Fireplace in Primary Bedroom
  • No HOA

About This Home

As of May 2017

Magnificently maintained and recently updated, this beautiful property is located in the Monte Malaga neighborhood of Palos Verdes Estates. This 5 bedroom 3.5 bath home, boasts 3,890 square feet of living space and a huge 36,000+ square foot lot has so much to offer. The open and functional floor plan makes use of the space and offers a wonderful flow throughout. The living room features a warm fireplace, inviting solid wood flooring, and a vaulted ceiling. A formal dining room flows perfectly into a remodeled contemporary kitchen with center island, granite counter tops, beautiful cabinetry and stainless steel appliances. The family room opens to the huge backyard. The family room is highlighted by a large gas fireplace, and full wet-bar. The rest of the home boasts beautifully a remodeled master bath, newer wood flooring in all bedrooms, 3-car garage with plentiful storage, direct access to the house, laundry room, and newer roof. Situated on a quiet tree-lined street close to award winning Palos Verdes schools, this beautiful home is available for immediate move-in.

Last Agent to Rent the Property

Paul Huang

Cornerstone Premier Properties License #01895549 Listed on: 02/01/2017

Cornerstone Premier Properties

Last Renter's Agent

Charles Raine

Coastal Legacy Realty Group License #00982925

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,983

Year Built

  • Built in 1977

Lot Details

  • 0.83 Acre Lot
  • Landscaped
  • Back and Front Yard
  • Property is zoned PVR1*

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 3,890 Sq Ft Home
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Open to Family Room
  • Kitchen Island
  • Granite Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Jack-and-Jill Bathroom

Utilities

  • Central Heating
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $10,000
  • Rent includes gardener, trash collection
  • 12-Month Minimum Lease Term
  • Available 2/1/17
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7541020020

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,983

Year Built

Built in 1977

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2017-02-01
  • Credit Check Paid By: Tenant
  • Deposit Pets: 1000
  • Deposit Security: 10000
  • Furnished: Unfurnished
  • Pets Allowed: Call, Number Limit, Size Limit
  • Transfer Fee Paid By: Owner

Listing Details

  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 7541020020
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3890.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Dining Room, Family Room, Kitchen, Living Room, Master Bedroom
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1.77
  • Room Type: All Bedrooms Down, Jack & Jill, Master Suite
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 36229.00

Multi Family

  • First Repairs: 50
  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Rent Includes: Gardener, Trash Collection

Tax Info

  • Tax Census Tract: 6703.26
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2024
Sold by
Lin-Tsai Peter Tehsiu and Lin-Tsai Alana
Bought by
Lin-Tsai Peter Tehsiu and Lin-Tsai Alana
Current Estimated Value
$3,751,514

Purchase Details

Closed on
Sep 3, 2013
Sold by
Lin Tsai Alana and Tsai Alana
Bought by
Lin Tsai Peter Tehsiu and Lin Tsai Alana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 1996
Sold by
Tsai Peter
Bought by
Tsai Alana

Purchase Details

Closed on
Jun 27, 1995
Sold by
Gardner Marian
Bought by
Tsai Peter and Tsai Alana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
7.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Lin-Tsai Peter Tehsiu -- None Listed On Document
Lin Tsai Peter Tehsiu -- Old Republic Title Company
Tsai Alana -- --
Tsai Peter $1,110,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tsai Peter $2,035,000
Previous Owner Lin Tsai Peter Tehsiu $0
Previous Owner Lin Tsai Peter Tehsiu $4,000,000
Previous Owner Lin Tsai Peter Tehsiu $4,000,000
Previous Owner Lin Tsai Peter Tehsiu $13,000,000
Previous Owner Lin Tsai Peter Tehsiu $730,000
Previous Owner Tsai Peter $1,400,000
Previous Owner Tsai Peter $1,205,495
Previous Owner Tsai Peter $765,000
Previous Owner Tsai Peter $770,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2017 05/01/17 Rented $6,900 0.0% --
05/01/2017 05/01/17 For Rent $6,900 0.0% --
04/18/2017 04/18/17 Off Market $6,900 -- --
02/01/2017 02/01/17 For Rent $6,900 -1.4% --
06/12/2015 06/12/15 Rented $7,000 0.0% --
05/13/2015 05/13/15 Under Contract -- -- --
05/06/2015 05/06/15 For Rent $7,000 -- --
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
2025 $21,983 $1,961,800 $1,667,301 $294,499
2024 $21,983 $1,807,843 $1,547,267 $260,576
2023 $21,601 $1,772,396 $1,516,929 $255,467
2022 $20,566 $1,737,644 $1,487,186 $250,458
2021 $20,561 $1,703,574 $1,458,026 $245,548
2020 $20,343 $1,686,107 $1,443,076 $243,031
2019 $19,714 $1,653,047 $1,414,781 $238,266
2018 $19,473 $1,620,636 $1,387,041 $233,595
2016 $18,472 $1,557,707 $1,333,182 $224,525
2015 $18,277 $1,534,310 $1,313,157 $221,153
2014 $18,019 $1,504,256 $1,287,435 $216,821
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17021405

California Regional Multiple Listing Service (CRMLS)

APN: 7541-020-020