$1,020,000
SOLD OCT 2, 2024
2 Beds
2 Baths
1,590 Sq Ft
$570/mo HOA Fee

Recently Sold

$642 Per Sq Ft

3% Below List Price

70 Days on Market

Highlights

  • Gated with Attendant
  • In Ground Pool
  • Open Floorplan
  • Soleado Elementary Rated A+
  • Panoramic View
  • 4-minute walk to Vista Del Norte Reserve

About This Home

As of April 2025

Fantastic city light, mountain, and Long Beach views from this mid-level townhome in the coveted private hilltop community, The Terraces. Well-designed floor plan with new vinyl plank flooring and carpeting throughout this impeccable two-bedroom home which could be readily converted into a 3 bedroom. Walk onto the main floor with an open layout and windows that maximize space and abundant natural light. The step-down living room features a cozy fireplace, wall-to-wall windows highlighting expansive city views, and a serene sitting area on the balcony where you can dine al fresco. The family room is spacious with an area for lounging and an office/ media room. Bright kitchen, tile countertops with a new dishwasher opening to a separate dining area. The oversized primary bedroom has a generous private patio perfect for lounging/ outdoor play/ entertainment, and a large bathroom shower. Clean and bright second bedroom. Other features include a separate laundry room and new insulation. The Terraces is a resort-like community with multiple swimming pools, tennis courts, a playground, and a clubhouse. Don’t miss out on the opportunity to own this lovely home. Located in the award-winning Palos Verdes School District. Mid-level unit with only 15 steps down to the front door.

Last Agent to Sell the Property

Raechelle Lord

Coldwell Banker Realty Brokerage Phone: 310-947-1667 License #01388229 Listed on: 06/24/2024

Coldwell Banker Realty

Last Buyer's Agent

Xingqun Zheng

Keller Williams Palos Verdes License #02174340

Keller Williams Palos Verdes

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,019

Year Built

  • Built in 1975

Lot Details

  • 2,159 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Side by Side Parking

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Hills

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,590 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • <<tubWithShowerToken>>
  • Walk-in Shower

Pool

  • In Ground Pool
  • In Ground Spa
  • Fence Around Pool

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 30654
  • Assessor Parcel Number 7589009039
  • $991 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 368 Units
  • The Terraces Association, Phone Number (310) 541-5292
  • Maintained Community

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa
  • Park

Security

  • Gated with Attendant
  • Controlled Access

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,019

Year Built

Built in 1975

Lot Details

0

HOA Fees

$570 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Security: Gated with Attendant
  • View: Yes
  • Zoning: RERPD6U*
  • Architectural Style: Traditional
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589009039
  • Year Built: 1975
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1590.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Ceiling Fan(s), High Ceilings, Open Floorplan, Sunken Living Room, Tile Counters, Unfurnished, Wet Bar
  • Stories: 1
  • Entry Location: Front Door
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas Starter
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 641.51
  • Room Type: Den, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Spa Features: Community, In Ground
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Main Floor Full Bath, Walk-In Shower
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • View: City Lights, Hills, Mountain(s), Panoramic
  • Fence: No
  • Patio And Porch Features: Deck
  • Pool Features: Association, Community, Fenced, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Garage, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground, Tennis Court(s), Clubhouse, Maintenance Grounds, Guard, Controlled Access
  • Association Fee: 570.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: 310-541-5292
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Park, Street Lights
  • Association Management: The Terraces

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2159.00
  • Lot Size Acres: 0.0496

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2159.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 368

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 39
  • Tax Tract Number: 30654
  • TaxOtherAnnualAssessmentAmount: 991.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2025
Closed on
Mar 25, 2025
Sold by
Uhome Max Llc
Bought by
Dunlap Derek W and Li Hongwei
Seller's Agent
Xingqun Zheng
Keller Williams Palos Verdes
Buyer's Agent
Shu Zeng
Meta Realty Inc.
List Price
$1,280,000
Sold Price
$1,215,000
Premium/Discount to List
-$65,000
-5.08%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.75%
Original Mortgage
$972,000
Outstanding Balance
$971,143
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$209,418

Purchase Details

Listed on
Jun 24, 2024
Closed on
Sep 3, 2024
Sold by
Burnett James Michael and Berlin Melissa
Bought by
Uhome Max Llc
Seller's Agent
Raechelle Lord
Coldwell Banker Realty
Buyer's Agent
Xingqun Zheng
Keller Williams Palos Verdes
List Price
$1,050,000
Sold Price
$1,020,000
Premium/Discount to List
-$30,000
-2.86%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.26%

Purchase Details

Closed on
Nov 16, 2018
Sold by
Paul Christopher
Bought by
Paul Christopher and Tabbarah Melissa

Purchase Details

Closed on
Dec 21, 2016
Sold by
Tapia Marco Antonio
Bought by
Tapia Kathy

Purchase Details

Closed on
Oct 1, 2004
Sold by
Hashimoto Shizuko and Kondo Keiko
Bought by
Burnett James Michael
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,215,000 Fidelity National Title
Grant Deed $1,020,000 Progressive Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Bnt Title Company Of Ca
Grant Deed $615,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $972,000 New Conventional
Previous Owner $1,456,200 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 Sold $1,215,000 -1.2% $764 / Sq Ft
03/06/2025 03/06/25 Price Changed $1,230,000 -3.9% $774 / Sq Ft
02/22/2025 02/22/25 For Sale $1,280,000 +5.3% $805 / Sq Ft
02/13/2025 02/13/25 Off Market $1,215,000 -- --
02/03/2025 02/03/25 For Sale $1,280,000 +25.5% $805 / Sq Ft
10/02/2024 10/02/24 Sold $1,020,000 -2.9% $642 / Sq Ft
09/03/2024 09/03/24 For Sale $1,050,000 +2.9% $660 / Sq Ft
09/02/2024 09/02/24 Pending -- -- --
08/19/2024 08/19/24 Off Market $1,020,000 -- --
08/16/2024 08/16/24 For Sale $1,050,000 +2.9% $660 / Sq Ft
07/28/2024 07/28/24 Off Market $1,020,000 -- --
07/09/2024 07/09/24 Price Changed $1,050,000 -8.7% $660 / Sq Ft
06/24/2024 06/24/24 For Sale $1,150,000 -- $723 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,019 $840,434 $606,619 $233,815
2023 $9,876 $823,956 $594,725 $229,231
2022 $9,383 $807,801 $583,064 $224,737
2021 $9,337 $791,963 $571,632 $220,331
2020 $9,205 $783,843 $565,771 $218,072
2019 $8,930 $768,475 $554,678 $213,797
2018 $8,851 $753,407 $543,802 $209,605
2016 $8,392 $724,154 $522,687 $201,467
2015 $8,305 $713,277 $514,836 $198,441
2014 $8,193 $699,306 $504,752 $194,554
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV24127290

California Regional Multiple Listing Service (CRMLS)

APN: 7589-009-039