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5965 Peacock Ridge 301, Rancho Palos Verdes, California 90275, Rancho Palos Verdes, 90275 - 2 bed, 2 bath

5965 Peacock Ridge 301, Rancho Palos Verdes, California 90275 home-pic-0
ACTIVE$739,000
5965 Peacock Ridge 301, Rancho Palos Verdes, California 90275
2Beds
2Baths
1,249Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & School District: Located in desirable Rancho Palos Verdes, offering an award-winning school district, walking distance to middle and high schools, and proximity to shopping, dining, gym, and parks.
Top Cons:
Absence of Central Air Conditioning: The property relies on ocean breeze and ceiling fans for cooling, lacking a central air conditioning system, which could be a significant discomfort during warmer periods.

Compared to the nearby listings

Price:$739.0K vs avg $785.0K ($-46,000)40%
Size:1,249 sqft vs avg 1,506 sqft16%
Price/sqft:$592 vs avg $53864%

More Insights

Built in 1974 (51 years old).
Condition: Despite being built in 1974, this property has undergone significant recent updates, making it move-in ready. The listing highlights 'new vinyl windows and floors,' 'freshly painted' interiors, and 'one year old: dishwasher, washing machine & dryer.' The kitchen features 'marble countertop and modern finishes,' although the light wood cabinets and black range appear to be an older 'updated' style rather than brand new contemporary. The master bathroom also boasts a 'granite counter' and 'new sink.' While some light fixtures and the overall aesthetic of the kitchen cabinets are not cutting-edge modern, the extensive recent improvements to major components and surfaces, coupled with the 'move-in ready' status, align with the 'Good' criteria of being 'extensively renovated within 5 to 15 years' and having 'systems well-maintained with minimal wear and tear.' The absence of central air conditioning is a drawback but does not detract from the overall well-maintained and updated condition of the interior.
Year Built
1974
Close
-
List price
$739K
Original List price
$750K
Price/Sqft
$592
HOA
$680
Days on market
-
Sold On
-
MLS number
SB25238952
Home ConditionGood
Features
Good View: Ocean, Panoramic, Peek-A-Boo
Deck
Pool
ViewOcean, Panoramic, Peek-A-Boo

About this home

Very quiet, comfortable, and beautifully updated 2-bedroom and 2-bathroom condo. Located on top of the hill in beautiful and desirable Rancho Palos Verdes. Award winning Palos Verdes School district! Walking distance to middle and high school. Near shopping, dining, gym and park. Enjoy the cool ocean breeze on your private large sunlit patio. Best value in Rancho Palos Verdes. Located on a cul-del-sac and very quiet street. Benefit of living with a gated entrance, community pool, exercise room and open patio. Freshly painted. new vinyl windows and floors. Move-in ready. Updated kitchen with marble countertop and modern finishes, opens up to a bright dining and living area followed by an electric fireplace. Floor to ceiling sliding glass doors lead out to the balcony where you can relax and take in the refreshing view. Master bedroom features a granite counter, new sink and large mirror and make-up vanity space. Spacious walk-in closet and a bathtub. The second bedroom is ideal for your child, guests, home office or additional living space. Many wonderful features include: Refrigerator with ice maker, gas fireplace, one year old: dishwasher, washing machine & dryer and ceiling fans in each room. Silent warm comfortable radiant ceiling heating. Water filter under sink. Leak detectors for all faucets and laundry room. Water, trash and electricity included in HOA fee. Two car parking spaces, side by side in a gated parking garage with storage cabinets.

Price History

Date
Event
Price
11/14/03
Sold
$395,000
Condition Rating
Good
Despite being built in 1974, this property has undergone significant recent updates, making it move-in ready. The listing highlights 'new vinyl windows and floors,' 'freshly painted' interiors, and 'one year old: dishwasher, washing machine & dryer.' The kitchen features 'marble countertop and modern finishes,' although the light wood cabinets and black range appear to be an older 'updated' style rather than brand new contemporary. The master bathroom also boasts a 'granite counter' and 'new sink.' While some light fixtures and the overall aesthetic of the kitchen cabinets are not cutting-edge modern, the extensive recent improvements to major components and surfaces, coupled with the 'move-in ready' status, align with the 'Good' criteria of being 'extensively renovated within 5 to 15 years' and having 'systems well-maintained with minimal wear and tear.' The absence of central air conditioning is a drawback but does not detract from the overall well-maintained and updated condition of the interior.
Pros & Cons

Pros

Prime Location & School District: Located in desirable Rancho Palos Verdes, offering an award-winning school district, walking distance to middle and high schools, and proximity to shopping, dining, gym, and parks.
Extensive Updates & Move-in Ready: The condo is beautifully updated with fresh paint, new vinyl windows and floors, an updated kitchen with marble countertops, and a master bedroom with granite counters, making it move-in ready.
Comprehensive Community Amenities: Benefits from a gated entrance, community pool, exercise room, open patio, and secure two-car side-by-side parking with storage cabinets.
Inclusive HOA & Cost Savings: The HOA fee covers water, trash, and electricity, providing significant monthly savings and predictable utility costs for residents.
Comfort & Modern Conveniences: Features include a private sunlit patio with ocean breeze, radiant ceiling heating, ceiling fans, an electric fireplace, and recent appliance upgrades (dishwasher, washer, dryer).

Cons

Absence of Central Air Conditioning: The property relies on ocean breeze and ceiling fans for cooling, lacking a central air conditioning system, which could be a significant discomfort during warmer periods.
High Monthly HOA Dues: A monthly HOA fee of $680, while inclusive of some utilities, is substantial and could impact affordability and long-term ownership costs for potential buyers.
Building Age & Potential for Future Assessments: Built in 1974, the building is nearly 50 years old, which may lead to potential future special assessments for major structural repairs or common area upgrades not covered by regular HOA fees.

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