Archives for 2017

556 Via Media

$2,495,000 – view all photos

 

Lower Malaga Cove is and always has been one of the most exclusive neighborhoods in Palos Verdes Estates. So few homes come on the market. A very special property with a spectacular Queen’s Necklace View. Point Dume to RAT Beach. Beautiful hardwood floors, a recent designer kitchen remodel grabs your attention once you loak away from the panoramic view. If you like to garden, the greenhouse will allow your green thumb to flourish. Or if you are a handy person then the workshop is for you. The second master bedroom or in-law quarters on the lower level has its own private entrance or can be accessed by the elevator. The elevator is located off the main level center hallway giving you access to the lower 2nd master/in-law and garage. You are a short walk to the Palos Verdes Swim Club, the trails down to the tide pools and the fun activities at the historic Malaga Cove School.
About 556 Via Media , Palos Verdes Estates 90274
Directions:Off Via Almar or Paseo Del Mar
General Description
Property Type
Residential
Property Sub Type
Single Family Residence
List Price
$2,495,000
Days On Market
80
Bedrooms
2
Baths – Total
3
Baths – Full
3
Living Area
2,601
Lot SqFt
6,728
Lot Acres
0.1545
$/SqFt
$959.25
Year Built
1952
Facts & Features
List Date
09-01-17
Original Price
$2,495,000
Levels
Two
Garage Spaces
2
Parking Spaces
2
Senior Community
No
Laundry
In Closet
Cooling
None
Heating
Central Furnace
Fireplace
Living Room
Pool
None
View
City Lights, Coastline, Mountain, Ocean, Panoramic, White Water
Interior
Rooms
Converted Bedroom, Kitchen, Living Room, Main Floor Master Bedroom, Office, Separate Family Room, Workshop
Interior Features
Balcony
Exterior
Lot Features
Back Yard, Landscaped, Sprinkler System
Sewer
Public Sewer

Rent Control-No Pros, Only Cons

Another city in Los Angeles County is aiming to put rent control ordinances into effect and I wonder what is going through the minds of people to even consider them.  When an owner cannot rent his property for an amount that the market will bear, he may just be hesitant to improve his property or even simply maintain his property.  Therefore, before you know it, the area will become rundown and not a good place to live.  If the owner decides to sell the property, the price he will be able to get will be less than before rent control.  Rent control is theft, pure and simple.

 

3rd Quarter Closed Sales in Palos Verdes

According to the Multiple Listing Service, there were 207 closed sales of single family residences in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, and Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula during the third quarter of 2017.  The sales prices ranged from $615,000 to $9,250,000.  The average sales price was $1,695,038 after an average of 41 days on the market.

There were 55 closed sales of condominiums and townhouses.  The sales prices ranged from $265,000 to $2,800,000.  The average sales price was $785,544 after an average of 37 days on the market.

Please contact me if you have any questions and for a complimentary market evaluation of your home:

310-703-1931

katie@katiemuck.com

FIRST HALF CLOSED SALES IN PALOS VERDES

According to the Multiple Listing Service, there were 347 closed sales of single family residences in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, and Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula during the first half of 2017.  The sales prices ranged from $640,000 to $13,840,000.  The average sales price was $1,761,487 after an average of 48 days on the market.

There were 91 closed sales of condominiums and townhouses.  The sales prices ranged from $240,000 to $1,310,000.  The average sales price was $678,865 after an average of 47 days on the market.

If You Want the Best Real Estate Financing…

If you are planning to purchase a new home or would like to refinance, contact Mike Giltner,  Loan Originator of Wintrust Mortgage.  I have known him for many years and he has arranged financing for my clients and for me, personally.  You will not be disappointed!

 

Mike Giltner
Loan Originator
NMLS# 322053
22939 Hawthorne Blvd, Ste. 103
Torrance, CA 90505
Mobile:310-971-1856
Office:310-541-0300
MGiltner@WintrustMortgage.com
www.MikeGiltner.com
Wintrust Mortgage

When Selling, Don’t Overlook the Details

There are so many things to do when you are selling you home: making sure the house is clean all the time; making sure you answer all the calls from agents wanting to show it to prospective buyers; finding somewhere to go when showings take place; and so on and so on.

A very important part of the marketing process (a detail), is the listing itself. Don’t forget to ask your agent (hopefully me) to show you the listing submitted to the Multiple Listing Service. I’ve noticed that some agents take tons of pictures and many of them do not show the best features of your home. A townhouse listing I was looking at had ten pictures of the outside stairways, the front door, and even a picture of a neighbor’s dumpster! It’s not the number of pictures, it’s the pictures themselves. Also, we are able to label the pictures, and they should all be labeled. If your property has a view of the ocean, coastline or city lights, there should be good photos of the view, not extensive verbiage about how spectacular the view is. If the listing reads, “spectacular, panoramic views of the ocean and coastline”, and a prospect sees the home and notices that there is only that view if you are out on a deck with a telescope, he may be so disappointed that he will pass on your home. However, if the description is accurate, or maybe even under-played a little, the prospect may just fall in love with the view, and the offer to purchase will be put on the table. Unless your bathrooms are simply spectacular, there should not be pictures of them. If you have a large yard, as long as it is well kept, include pictures that show how large it is.

If the showing appointment times are limited and your home is difficult to show, it will be difficult to sell. Perhaps asking for offers “subject to inspection” may be an option.

I’m sure I haven’t covered all the little details, but remember that “the devil’s in them”.