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28805 Covecrest Drive

28805 Covecrest Drive, Rancho Palos Verdes, CA 90275
Sold Dec 20, 2019
$2,125,000
$1,700,000 by Citibank Na
Mortgage Due Jan 01, 2050
Sold Apr 30, 2013
$1,563,000
$1,250,310 by Citibank Na
Mortgage Due May 01, 2043
Local assessors in Rancho Palos Verdes, CA have categorized 28805 Covecrest Drive as a residential type of property. The home was built in 1967 and is 57 years old. It was most recently renovated and altered in 1976. The property's lot size has been calculated to be 9,879 square feet. The linear feet between the front and back of the lot was measured at 1,320 ft and the front of the lot was measured at 750 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 5 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 28805 Covecrest Drive has a total of 2,938 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There is only one available parking space, so if you need more, you may need to find some alternatives. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. The building has a gable style roof that was made of wood shake/ shingles. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Dec 19, 2019 for $2,125,000. That's $723.28 per sqft. Prior to that sales transaction, the property was also sold in Apr 1, 2013 for $1,563,000. 28805 Covecrest Drive was last assessed in 2023. The total value of the property was assessed at $2,233,751. Specifically, the land the property is located on was valued at $1,378,093. While improvements on the property were assessed at a total of $855,658. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $24,168. The initial tax year of delinquency was in 2019. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,879
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,938
  • Building Area: 2,938
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,938
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 27677
  • Land Acres: 0.227
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 27677 LOT/SEC 38

Ownership

  • Current Owner : CUN QUAY
  • Current Owner 2: OH CHRISTINA
  • Previous Owner : RYAN WILLIAM A
  • Previous Owner 2: RYAN GABRIELA EVIA
  • Owner Before Previous Owner: BUGLIOSI ERMINIO
  • Owner Before Previous Owner 2: RINASCENTE IVANA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Palos Verdes Peninsula Unified School District
  • Census Tract: 670407

Zoning

  • Zoning: RPRS10000*

Geography

  • Assessors Map Reference: 72-D5
  • Subdivision Tract Number: 27677
  • Parcel: 7585-015-023
  • Lot: 38
  • Municipality: SOUTH /CENTRAL P V SFR
  • Latitude: 33.7709
  • Longitude: -118.388

    Address

  • Full Address: 28805 Covecrest Dr
  • Address - House Number: 28805
  • Address - Street Name: Covecrest
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Rancho Palos Verdes
  • Carrier Code: C035
  • 4-Digit Zip Code: 4701
  • Zip Code: 90275

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $24,168
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 07-097

    Appraisal Valuation

  • Standard Deviation: 0.2213
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 2,365,255
  • High Value: 2,888,899
  • Low Value: 1,841,611

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,700,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Dec 20, 2019
  • First Open Lien Mortgage Loan Amount: $1,700,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,233,751
  • Assessed Land Value: $1,378,093
  • Assessed Improvements Value: $855,658

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 19, 2019
  • Current Sale Recording Date: Dec 20, 2019
  • Current Sale Transaction ID: 11711171753
  • Current Sale Price: $2,125,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-1427087
  • Previous Sale Recording Date: Apr 30, 2013
  • Previous Sale Contract Date: Apr 01, 2013
  • Previous Sale Amount: $1,563,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Dec 20, 2019
  • First Mortgage Loan Amount: $1,700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK NA
  • Previous Mortgage Transaction Date: Apr 30, 2013
  • Previous Mortgage Loan Amount: $1,250,310
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2043

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Frequently Asked Questions

What neighborhood is 28805 Covecrest Drive located in?
The 28805 Covecrest Drive is a located in the neighborhood of Rancho Palos Verdes in Rancho Palos Verdes, Rancho Palos Verdes.
What is the average sales price for listings in 28805 Covecrest Drive?
The average sales price for units in 28805 Covecrest Drive is $0 currently.

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