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6954 Kings Harbor Drive, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 4 bed, 2 bath

6954 Kings Harbor Drive, Rancho Palos Verdes, California 90275 home-pic-0
ACTIVE$1,760,000
6954 Kings Harbor Drive, Rancho Palos Verdes, California 90275
4Beds
2Baths
1,672Sqft
7,009Lot
Year Built
1972
Close
-
List price
$1.76M
Original List price
$1.89M
Price/Sqft
$1,053
HOA
-
Days on market
-
Sold On
-
MLS number
OC25011034
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,7 Pros. Rank: price - $1.76M(38th), sqft - 1672(10th), beds - 4(50th), baths - 2(31th).

Located in the serene community of Rancho Palos Verdes, this 4-bedroom, 2-bath single-story home combines comfort and potential. The spacious living and dining areas feature soaring 16-foot ceilings and a cozy wood-burning fireplace, while the updated kitchen boasts stainless steel appliances and stone countertops. Natural light fills the home, and the backyard offers a blank slate to create your ideal outdoor space.Conveniently situated near schools, parks, shopping, and outdoor trails, this property is perfect for those looking to embrace the surrounding community! With a bit of updating, this home can become your perfect retreat.Updated Single Story Home in Rancho Palos Verdes, This home features NEW windows, floors, bathroom, and so much more. The yard has also been refreshed and ready for its new owner!

Nearby schools

9/10
Vista Grande Elementary School
Public,•K-5•0.4mi
9/10
Point Vicente Elementary School
Public,•K-5•0.9mi
9/10
Palos Verdes Intermediate School
Public,•6-8•0.9mi
9/10
Ridgecrest Intermediate School
Public,•6-8•1.3mi
8/10
Palos Verdes High School
Public,•9-12•1.5mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•1.8mi

Price History

Date
Event
Price
09/25/24
Sold
$1,520,000
Condition Rating
Excellent
Despite being built in 1972, the property description explicitly states 'NEW windows, floors, bathroom, and so much more,' along with an 'updated kitchen boasting stainless steel appliances and stone countertops.' The exterior image also shows a well-maintained and refreshed appearance. These extensive updates, particularly the 'NEW' designation for major components, indicate a recent and comprehensive renovation, bringing the property to a virtually new condition that meets current quality standards.
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 = 7009, living area = 1672.
Great Schools: Elementary School: Point Vicente Elementary School (9/10). Middle School: Palos Verdes Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Recent Comprehensive Updates: The property boasts recent comprehensive updates including new windows, flooring, and a refreshed bathroom, alongside an updated kitchen with stainless steel appliances and stone countertops, enhancing its move-in readiness.
Prime Rancho Palos Verdes Location: Situated in a serene and highly desirable Rancho Palos Verdes community, offering convenient access to top-rated schools, parks, shopping, and outdoor trails.
Top-Tier School District: Located within the acclaimed Palos Verdes Peninsula Unified School District, with several highly-rated elementary, middle, and high schools nearby, a significant draw for families.
Distinctive Interior Features: The home features architectural highlights such as soaring 16-foot ceilings in the living and dining areas, a cozy wood-burning fireplace, and abundant natural light throughout.
Desirable Single-Story Layout: The single-story floor plan offers ease of access and a highly sought-after living arrangement, appealing to a wide range of buyers.

Cons

Substantial Overpricing Relative to Market Value: The current list price of $1.76M is significantly above the estimated property value of $1.25M, indicating a potential overvaluation of approximately 28% compared to market benchmarks.
Absence of Desirable Views: Unlike many properties in the Rancho Palos Verdes area, this home lacks any significant views (e.g., ocean, city), which can be a considerable disadvantage in a view-driven market.
Unfinished Backyard Potential: While described as a 'blank slate,' the backyard requires significant landscaping and development to create an ideal outdoor space, representing an additional cost and effort for the new owner.

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