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$2,589,000

Beds
3
Baths
1.75
sq ft
2,029

505 Via Media, Palos Verdes Estates, CA 90274

505 Via Media

Palos Verdes Estates, CA 90274

  • 4 days on market
This property boasts an A+ location in Palos Verdes Estates, making it highly desirable. Located in the coveted neighborhood of lower Malaga Cove, with stunning ocean, coastline, and queen's necklace views. The current home features three bedrooms, two bathrooms, and beautiful hardwood floors. The spacious living room includes a cozy fireplace, perfect for entertaining guests. The property also features a private and unique courtyard patio in the front and a grassy rear yard, offering ample space for outdoor activities. It has a two-car garage with tons of storage space and parking for four more cars in the private driveway. Beyond the property itself, the location provides easy access to a range of amenities. You can enjoy a nice walk to the beach, world-famous surf spots, the Palos Verdes Beach Club, the Neighborhood Church, the historic Malaga Cove Plaza Shops, restaurants, outstanding Schools & beautiful parks. Overall, this property offers an incredible opportunity in a highly sought-after location! Experience a new lifestyle, to live, live by the sea.

Details

Property type

Single Family Residence

Est. home value

$2,683,180

Lot size

7,127 sq ft

Price per sq ft

$1,276

Year built

1953

HOA

No

Price History

11/08/2024
CRMLS

CRMLS #SB24230647

Listed
$2,589,000
-7.37%
09/22/2024
CRMLS

CRMLS #SB24096725

Removed
$2,795,000
09/09/2024
CRMLS

CRMLS #SB24096725

Price change
$2,795,000
-6.68%

Schools & Community

Elementary school: 

Montemalaga

Middle school: 

Palos Verdes

High school: 

Palos Verdes

High school district: 

Palos Verdes Peninsula Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,204,588
Asking price
$2,589,000
Closing costs (~8% of asking)
-$207,120
Est. remaining loan balance
-$1,177,292
Cash to seller
$1,204,588

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

First Republic Bank

Loan start date

March 2022

Original loan amount

$1,240,000

Est. remaining balance

$1,177,292

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Wen Miao and Susan Miao

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/12/2024 at 2:30 PM

Listing updated: 11/10/2024 at 5:50 PM

Listed by: Justin Miller, Beach City Brokers Phone #: (310) 543-3536

MLS: CRMLS #SB24230647

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