NOT LISTED FOR SALE

986 Paseo la Cresta Palos Verdes Estates, CA 90274

Estimated Value: $7,058,000 - $13,462,610

6 Beds
11 Baths
10,820 Sq Ft
$858/Sq Ft Est. Value

Last Sold May 04, 2017

Last sale price $7,000,000 $647 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $58,110/month

28 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Updated Kitchen
  • Montemalaga Elementary School Rated A+
  • Primary Bedroom Suite
  • 30,473 Sq Ft lot

About This Home

As of May 2017

Pre completion sale. The opportunity to add your own personal touches to this amazing 6-bedroom home located in the esteemed
Monte Malaga area exists. This home already exudes elegance and magnitude with panoramic views of the Pacific Ocean & the
Queen’s Necklace, hardwood flooring throughout, an enormous wine cellar, massage/spa area, versatile sports court and many
more amenities that make this a magnificent estate.

Last Agent to Sell the Property

Richard Edler

Vista Sotheby's International Realty License #01113145 Listed on: 01/11/2017

Vista Sotheby's International Realty

Co-Listed By

Darin DeRenzis

Vista Sotheby’s International Realty License #01760239

Last Buyer's Agent

Richard Edler

Vista Sotheby's International Realty License #01113145 Listed on: 01/11/2017

Vista Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $90,190

Year Built

  • Built in 2013

Lot Details

  • 0.7 Acre Lot
  • Property is zoned PVR1*

Parking

  • 4 Car Garage

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights

Home Design

  • Mediterranean Architecture
  • Stucco

Interior Spaces

  • 10,820 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Entrance Foyer
  • Wine Cellar
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Home Office
  • Library with Fireplace
  • Game Room with Fireplace
  • Bonus Room
  • Storage
  • Laundry Room
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms | 5 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Living Room Balcony
  • Fireplace in Patio
  • Concrete Porch or Patio

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 7541020003

Home Details

Home Type

Single Family

Est. Annual Taxes

$90,190

Year Built

Built in 2013

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Description: Erika
  • Other Phone Number: 310.421.2814
  • Property Attached: No
  • View: Yes
  • Zoning: PVR1*
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7541020003
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 10820.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Crown Molding, Granite Counters, Living Room Balcony, Pantry, Storage, Unfurnished, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 7
  • Full And Three Quarter Bathrooms: 7
  • Half Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Game Room, Library, Master Bedroom, Patio
  • Levels: Two
  • Main Level Bathrooms: 7
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 646.95
  • Room Type: Bonus Room, Family Room, Foyer, Guest/Maid's Quarters, Master Suite, Office, Walk-In Closet, Wine Cellar
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: City Lights, Coastline, Ocean, Panoramic
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 30473.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6703.26
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2017
Closed on
Apr 27, 2017
Sold by
Moskowitz Jason M and Moskowitz Wendy L
Bought by
Bauer Todd
Seller's Agent
Richard Edler
Vista Sotheby's International Realty
Buyer's Agent
Richard Edler
Vista Sotheby's International Realty
List Price
$8,249,000
Sold Price
$7,000,000
Premium/Discount to List
-$1,249,000
-15.14%
Current Estimated Value
$9,285,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,285,537
Avg. Annual Appreciation
3.46%
Original Mortgage
$2,000,000
Outstanding Balance
$1,673,060
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$7,612,477

Purchase Details

Closed on
Jun 25, 2009
Sold by
Moskowitz Jason M and Moskowitz Wendy L
Bought by
Moskowitz Jason M and Moskowitz Wendy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
3.4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 26, 2009
Sold by
Moskowitz Jason M and Moskowitz Wendy L
Bought by
Moskowitz Jason M and Moskowitz Wendy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.04%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 26, 2001
Sold by
Chien Li Ming and Chen Winnie Su Fong
Bought by
Moskowitz Jason M and Moskowitz Wendy L

Purchase Details

Closed on
Mar 11, 1999
Sold by
Trust Chien Li Ming And Winnie S Trs Chi
Bought by
Chien Li Ming and Chien Winnie Su Fong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Bauer Todd $7,000,000 Lawyers Title
Moskowitz Jason M -- Chicago Title Company
Moskowitz Jason M -- Lawyers Title Company
Moskowitz Jason M $3,850,000 Lawyers Title
Chien Li Ming -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bauer Todd $1,000,000
Open Bauer Todd $2,000,000
Previous Owner Moskowitz Jason M $5,000,000
Previous Owner Moskowitz Jason M $1,800,000
Previous Owner Chien Li Ming $60,000
Previous Owner Chien Li Ming $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2017 05/04/17 Sold $7,000,000 -15.1% $647 / Sq Ft
01/11/2017 01/11/17 For Sale $8,249,000 -- $762 / 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
2025 $90,190 $8,124,098 $4,642,342 $3,481,756
2024 $90,190 $7,964,803 $4,551,316 $3,413,487
2023 $88,893 $7,808,631 $4,462,075 $3,346,556
2022 $84,421 $7,655,522 $4,374,584 $3,280,938
2021 $84,513 $7,505,414 $4,288,808 $3,216,606
2020 $83,393 $7,428,456 $4,244,832 $3,183,624
2019 $80,866 $7,282,800 $4,161,600 $3,121,200
2018 $80,141 $7,140,000 $4,080,000 $3,060,000
2016 $60,905 $5,461,875 $3,053,149 $2,408,726
2015 $60,279 $5,379,833 $3,007,288 $2,372,545
2014 $59,354 $5,274,451 $2,948,380 $2,326,071
Source: Public Records

Agents Affiliated with this Home

  • Richard Edler

    Seller's Agent in 2017

    Richard Edler

    Vista Sotheby's International Realty

    (310) 872-4333

    6 in this area

    19 Total Sales

    Section Image
  • Darin DeRenzis

    Seller Co-Listing Agent in 2017

    Darin DeRenzis

    Vista Sotheby’s International Realty

    (310) 418-6210

    10 in this area

    74 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17006671

California Regional Multiple Listing Service (CRMLS)

APN: 7541-020-003

California Los Angeles County Palos Verdes Estates 90274

986 Paseo la Cresta, Palos Verdes Estates, CA

This home is located at 986 Paseo la Cresta, Palos Verdes Estates, CA 90274 since 11 January 2017 and is currently estimated at $9,285,537, approximately $858 per square foot. This property was built in 2013. 986 Paseo la Cresta is a home located in Los Angeles County with nearby schools including Montemalaga Elementary School, Palos Verdes Intermediate School, and Palos Verdes Peninsula High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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