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6111 Monero Drive, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 4 bed, 3 bath

6111 Monero Drive, Rancho Palos Verdes, California 90275 home-pic-0
ACTIVE$1,799,000
6111 Monero Drive, Rancho Palos Verdes, California 90275
4Beds
3Baths
2,178Sqft
16,769Lot
Year Built
1962
Close
-
List price
$1.8M
Original List price
$1.88M
Price/Sqft
$826
HOA
-
Days on market
-
Sold On
-
MLS number
25530513
Home ConditionExcellent
Features
Good View: City Lights, Canyon, Mountain(s), Peek-A-Boo
Patio
ViewCity Lights,Canyon,Mountain(s),Peek-A-Boo

About this home

Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.80M(40th), sqft - 2178(37th), beds - 4(50th), baths - 3(50th).

**PRICE IMPROVEMENT** Best value in PV! (Extra large primary room with many closets. Renovated bathrooms. Partial new engineered wood flooring. Fresh interior and exterior paint. Central AC/heating and tankless water heater. New landscaping. Clean, renovated and move-in ready.) Welcome to the "Monero Residence," a beautifully updated single-level home tucked away on a quiet street in the heart of Rancho Palos Verdes with peek-a-boo views of SoFi Stadium and LA city lights. Situated on an expansive, private lot, this move-in ready residence offers the ideal blend of comfort, charm, and functionality for family living. The updated kitchen features quartz countertops, stainless steel appliances, a cozy breakfast nook, and a lovely view of the neighborhood. Just beyond, you'll find a spacious living and dining area ideal for hosting guests or relaxing with loved ones. A versatile bonus room with pocket doors can serve as a family room, playroom, or 4th bedroom. The spacious primary suite includes a bay window, backyard access, and a beautifully renovated ensuite bath with double vanities and a walk-in shower. The second and third bedrooms are generously sized, ideal for kids' rooms, guest rooms, or home offices. All bathrooms have been recently renovated, including a permitted third bathroom addition. Additional upgrades include recessed lighting, crown molding, and included appliances (fridge, washer, dryer). The private backyard is a peaceful retreat surrounded by lush greenery with dedicated areas for a BBQ, firepit, and outdoor seating. It's perfect for family gatherings, entertaining, kids to play, or dogs to roam. Located near top-rated Palos Verdes schools, hiking trails, beaches, golf courses, tennis clubs, and the Peninsula Shopping Center. Zoned for Montemalaga Elementary (9/10), PV Intermediate (10/10), and PV Peninsula High (10/10).

Price History

Date
Event
Price
12/07/21
Sold
$1,610,000
10/29/14
Sold
$1,000,000
10/24/08
Sold
$848,500
03/11/94
Sold
$415,000
Condition Rating
Excellent
Despite being built in 1962, this property has undergone extensive and recent renovations, bringing it to an excellent, move-in ready condition. The kitchen features modern quartz countertops, stainless steel appliances, and a contemporary backsplash. All bathrooms have been beautifully renovated with modern vanities, fixtures, and tiling. The property boasts new engineered wood flooring, fresh interior and exterior paint, recessed lighting, crown molding, and updated major systems including central AC/heating and a tankless water heater. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
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 = 16769, living area = 2178.
Extensive Modern Renovations: The property boasts recent, comprehensive updates including renovated bathrooms, an updated kitchen with quartz and stainless steel, new engineered wood flooring, fresh paint, central AC/heating, and a tankless water heater, making it truly move-in ready.
Prime Rancho Palos Verdes Location: Situated on a quiet street in a highly desirable area, offering excellent proximity to top-rated schools (Montemalaga, PV Intermediate, PV Peninsula High), hiking trails, beaches, golf courses, and shopping centers.
Spacious and Private Outdoor Living: An expansive 16,769 sqft lot provides a private backyard retreat with lush greenery, dedicated areas for entertaining (BBQ, firepit, seating), ideal for family enjoyment and gatherings.
Functional Single-Level Layout with Versatility: The single-level design is highly sought after, complemented by a versatile bonus room that can adapt to various family needs, serving as a family room, playroom, or additional bedroom.
Modern Comforts and Included Amenities: Equipped with central AC/heating, recessed lighting, crown molding, and included major appliances (fridge, washer, dryer), enhancing convenience and value for the new homeowner.

Cons

Potential Overpricing: Despite a recent price improvement, the current list price of $1.799M significantly exceeds the automated property estimation of $1.415M and its last sold price of $1.61M in 2020, suggesting it may be positioned above current market value.
Limited View Quality: The description of 'peek-a-boo views' of SoFi Stadium and city lights indicates that the views are not expansive or panoramic, which might be a drawback for buyers expecting more significant vistas in this view-centric market.
Age of Original Structure: Built in 1962, the underlying structure is over six decades old. While many cosmetic and system updates have been made, potential buyers may still have concerns about original infrastructure components not explicitly mentioned as replaced.

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