416 Malaga Lane

416 Malaga Lane has been categorized by the local assessors in Palos Verdes Peninsula, CA as a office type of property. The building on the property was first built in 1959 and is 65 years old. However, we must point out that the home was most recently renovated and altered in 1961. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 416 Malaga Lane has 2,705 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 2,693 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 416 Malaga Lane sold most recently in Dec 20, 2023 for a total of $1,490,000. If you work out the math, that's approximately a cost of $550.83 per sqft. Before that, the property was also sold for $1,275,000 in Dec 28, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $16,653 in taxes each year. 416 Malaga Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,326,510. If we break it down further, the land itself was valued at $728,280. Improvements to the property, however, were assessed at a total of $598,230. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.