7022 Lofty Grove Drive

7022 Lofty Grove Drive in Rancho Palos Verdes, CA was first built in 1962 and is 62 years old. Although, the building on the property was most recently renovated and altered in 1965. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 7022 Lofty Grove Drive has 1,544 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 680 ft and the linear feet between the front and back of the lot is 1,050. In total, the area measurement of the land is 7,140 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of wood shake/ shingles. For those who need parking, there is a attached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as good. The exterior walls of the home are made of stucco. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Mar 8, 2019 for $1,190,000. That's $770.73 per sqft. Prior to that sales transaction, the property was also sold in Mar 19, 2018 for $1,036,000. 7022 Lofty Grove Drive was last assessed in 2023. The total value of the property was assessed at $1,275,916. Specifically, the land the property is located on was valued at $1,020,734. While improvements on the property were assessed at a total of $255,182. 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 $14,080. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.