48 Via Porto Grande, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 6 bed, 5 bath
ACTIVE UNDER CONTRACT$3,100,000
48 Via Porto Grande, Rancho Palos Verdes, California 90275
6Beds
5Baths
4,633Sqft
10,301Lot
Price Vs. Estimate
The estimated value ($2,997,586.465) is $102,413.535 (3%) lower than the list price ($3,100,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Montemalaga Elementary School (10/10). Middle School: Ridgecrest Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Top Cons:
Recent Price Reductions: The property has undergone significant price reductions from its original list price ($3.399M to $3.1M), which may suggest a perceived overvaluation or extended market time.
Compared to the nearby listings
Price:$3.10M vs avg $1.90M (+$1,200,000)92%
Size:4,633 sqft vs avg 2,396 sqft94%
Price/sqft:$669 vs avg $79122%
More Insights
Built in 1995 (30 years old).
Condition: The property, built in 1995, is well-maintained and clean, showing good overall upkeep. However, while the kitchen features stainless steel appliances, the dark speckled granite countertops and backsplash, along with the style of some bathrooms (e.g., the red bathroom with a pedestal sink and traditional light fixture), appear dated. These areas are functional but would require minor updates to meet current aesthetic standards, aligning with the 'Fair' category's description of being aged but maintained with functional yet outdated components.
Year Built
1995
Close
-
List price
$3.1M
Original List price
$3.4M
Price/Sqft
$669
HOA
$570
Days on market
-
Sold On
-
MLS number
PV25084846
Home ConditionFair
Features
ViewNeighborhood
About this home
This Wallace Ranch Dream Home combines comfort, timeless style, and space. Ready to be impressed !! Inviting double entry doors lead you into a soaring two-story high ceilings foyer, living room, and dining room, which fill with abundant natural lights. The modern kitchen featuring a large center island and a spacious breakfast nook is overlooking the tranquil backyard with mature trees and zen-like garden. One en-suite BR is on the main floor, along with another bedroom for family or guests. On the second floor, the lavish primary suite with sitting area and office, and three additional bedrooms are providing the epitome luxury for family living. Excellent curb appeal, a 3-car garage, and prime access to park, shopping, and walk to highly-rated Ridgecrest Middle school – a wonderful place to call home! An Exceptional Opportunity.
Nearby schools
9/10
Vista Grande Elementary School
Public,•K-5•1.1mi
10/10
Montemalaga Elementary School
Public,•K-5•1.6mi
9/10
Ridgecrest Intermediate School
Public,•6-8•0.3mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•0.9mi
8/10
Palos Verdes High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
12/28/95
Sold
$844,000
03/25/08
Sold
$1,900,000
05/27/04
Sold
$1,775,000
Condition Rating
Fair
The property, built in 1995, is well-maintained and clean, showing good overall upkeep. However, while the kitchen features stainless steel appliances, the dark speckled granite countertops and backsplash, along with the style of some bathrooms (e.g., the red bathroom with a pedestal sink and traditional light fixture), appear dated. These areas are functional but would require minor updates to meet current aesthetic standards, aligning with the 'Fair' category's description of being aged but maintained with functional yet outdated components.
Pros & Cons
Pros
Great Schools: Elementary School: Montemalaga Elementary School (10/10). Middle School: Ridgecrest Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Spacious & Versatile Floor Plan: Features 6 bedrooms, 5 bathrooms, and 4633 sqft, including a main floor en-suite and a lavish primary suite with office, catering to diverse family needs.
Modern Kitchen & Living Spaces: Boasts a modern kitchen with a large center island and breakfast nook, complemented by soaring two-story high ceilings and abundant natural light.
Top-Rated School Access: Located within the highly-regarded Palos Verdes Peninsula Unified School District, with walkable access to Ridgecrest Middle School (rated 9) and other top-tier schools.
Desirable Neighborhood & Curb Appeal: Situated in the prestigious Wallace Ranch, offering excellent curb appeal, prime access to local parks, and shopping.
Tranquil Outdoor Living: Features a tranquil backyard with mature trees and a zen-like garden, providing a private and serene outdoor environment.
Cons
Recent Price Reductions: The property has undergone significant price reductions from its original list price ($3.399M to $3.1M), which may suggest a perceived overvaluation or extended market time.
Monthly Association Fee: A substantial monthly association fee of $570 adds to the recurring ownership costs, which could be a consideration for potential buyers.
Age of Property: While well-maintained, a 1995 build may imply that some original systems or components (beyond the kitchen) could require future updates or maintenance compared to newer constructions.