28829 Crestridge Road, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 4 bed, 4 bath

28829 Crestridge Road, Rancho Palos Verdes, California 90275 home-pic-0
ACTIVE$3,198,000
28829 Crestridge Road, Rancho Palos Verdes, California 90275
4Beds
4Baths
3,487Sqft
20,673Lot
Year Built
1970
Close
-
List price
$3.2M
Original List price
$3.5M
Price/Sqft
$917
HOA
-
Days on market
-
Sold On
-
MLS number
SB25034533
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Panoramic
Patio
ViewCity Lights,Mountain(s),Panoramic

About this home

Possibly Over-Priced:The estimated price is 33% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.20M(93th), sqft - 3487(86th), beds - 4(50th), baths - 4(80th).

Welcome to this stunningly upgraded home with breathtaking city and mountain views that perfectly blends modern convenience, energy efficiency and stylish design. Step inside to a completely renovated kitchen, featuring brand-new cabinets, appliances, sink, fixtures, and flooring that extends throughout the entire home. The spacious living and dining areas are filled with natural light and city views through oversized windows and have been upgraded with recessed lighting, custom cabinetry, a stylish bar area and brand-new energy-efficient split-unit HVAC systems for ultimate comfort. A fireplace in the family room creates a cozy ambience that can be seen from the kitchen area as well. Multiple doors lead to a large area for outdoor enjoyment, with plenty of room for games, firepit, dining and entertaining. In the evening the cafe lights cast a gentle glow, while city lights twinkle in the distance. Inside, the primary area is a private retreat, featuring a fully remodeled en-suite bathroom with marble counters, sleek designer tile flooring and vanity, dramatic recessed lighting and a large frameless glass shower. The three upstairs bedrooms have also been refreshed with new HVAC split units, flooring, closet doors and modern entry doors. The upstairs and lower-level bathrooms have also been fully renovated, offering newer contemporary finishes. The lower-level area provides additional versatile living space with direct access to the yard area, perfect for an office, home gym, additional living room or all of the above. This design-forward flex space has been thoughtfully updated with new flooring, cabinetry and wall coverings. This move-in-ready property boasts a 48-panel owned solar system with an upgraded electrical panel, ensuring incredible energy savings. The exterior has been beautifully enhanced with fresh landscaping, new grass and a custom-designed back hill retreat featuring newly planted grapevines and a firepit pad - another opportunity to take advantage of the sprawling city views below. The three-car garage is a dream space with new garage doors and openers, epoxy flooring, drywall, insulation, and a brand-new water heater, plus two EV chargers for electric vehicle owners. This home has been meticulously upgraded to provide a turnkey living experience in a highly desirable location.

Price History

Date
Event
Price
09/28/22
Sold
$2,225,000
Condition Rating
Excellent

This property has undergone a comprehensive and recent 'stunningly upgraded' and 'meticulously upgraded' renovation. The description highlights a 'completely renovated kitchen' with 'brand-new cabinets, appliances, sink, fixtures, and flooring,' and 'fully remodeled' bathrooms with 'marble counters, sleek designer tile flooring and vanity, dramatic recessed lighting, and large frameless glass showers.' Key systems like HVAC are 'brand-new energy-efficient split-unit' and it features a '48-panel owned solar system with an upgraded electrical panel,' and a garage with 'new garage doors and openers, epoxy flooring, drywall, insulation, and a brand-new water heater, plus two EV chargers.' Despite the 1970 build year, the extensive and recent nature of these updates means all components are virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition score.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20673, living area = 3487.
Extensive Modern Renovation: The property has undergone a 'stunningly upgraded' and 'meticulously upgraded' renovation, including a completely new kitchen, updated bathrooms, and new flooring throughout, offering a turnkey living experience.
Breathtaking Panoramic Views: Features 'breathtaking city and mountain views' from multiple areas, including oversized windows and a custom-designed back hill retreat, enhancing desirability and value.
Superior Energy Efficiency: Equipped with a '48-panel owned solar system' and 'brand-new energy-efficient split-unit HVAC systems,' providing significant energy savings and modern comfort.
Versatile Living & Outdoor Entertainment: Offers a 'lower-level area provides additional versatile living space' and a 'large area for outdoor enjoyment' with a firepit and cafe lights, ideal for various lifestyle needs and entertaining.
Premium Garage & EV Ready: The 'three-car garage is a dream space' with new doors, epoxy flooring, insulation, and 'two EV chargers,' catering to modern vehicle owners and providing excellent utility.

Cons

Significant Overvaluation by Estimation Model: The current list price is 33% higher than the property's estimated value, potentially indicating an aggressive pricing strategy that may deter buyers or prolong market time.
Age of Original Structure: Despite extensive renovations, the home was originally built in 1970, which may raise concerns for some buyers regarding the underlying infrastructure or long-term maintenance compared to newer constructions.
Recent Price Adjustment: A reduction from the original list price suggests the property may have been initially overpriced or has faced challenges in attracting offers, potentially signaling market resistance.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state