NOT LISTED FOR SALE

Estimated Value: $1,241,000 - $1,556,000

3 Beds
2 Baths
1,590 Sq Ft
$844/Sq Ft Est. Value

Last Sold November 24, 2021

Last sale price $1,175,000 $739 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,767/month

6 Days on Market

Highlights

  • 24-Hour Security
  • Spa
  • Updated Kitchen
  • Soleado Elementary Rated A+
  • City Lights View
  • 4-minute walk to Vista Del Norte Reserve

About This Home

As of November 2021

Spectacular 3 bedroom, 2 bath townhome nestled in the highly coveted development known as “The Terraces.” This stylish single level home with vaulted ceilings and a very well-thought-out floor plan exudes comfort and splendor. Take in the sun or dine ‘al fresco’ in the extensive (and rare) wrap-around private patio which offers significantly more outdoor space than other units with the same floorplan. Upon entry you’ll notice the luxurious wide plank engineered hardwood floors which lead you to the sunken living room that boasts breathtaking panoramic views from the wall of windows. Flooded with natural light, if you manage to look away from these amazing views, you’ll discover the gorgeous custom tiled stone fireplace in the living room that run up from floor to ceiling. The glass railing is a chic and subtle reminder that no expense was spared in the exquisite design of this magnificent home. Recessed lighting and designer elements including upgraded lighting fixtures are found throughout. The Chef’s kitchen features stainless steel appliances, quartz countertops, and custom glass backsplash that is sure to inspire a culinary masterpiece. Down the hall you’ll find two spacious bedrooms, and a remodeled bathroom with dual vanities and custom tilework. Those striking views observed from the living room continue on through to the enormous primary suite with vaulted ceilings. Built-in closet organizers in the bedrooms ensure storage is plentiful. Home is located within the highly acclaimed Palos Verdes Peninsula Unified School District. This is truly a property you must see in person to appreciate. With 5 pools, greenbelts, tennis courts, and 24 hour gated security, come see what resort style living is all about!

Last Agent to Sell the Property

Jack Wang

Balboa Real Estate, Inc. License #02026518 Listed on: 10/20/2021

Balboa Real Estate, Inc.

Last Buyer's Agent

Patricia Haught

Coldwell Banker Realty License #00715930

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $14,157

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 2,591 Sq Ft Lot
  • No Common Walls

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Turnkey
  • Planned Development
  • Slab Foundation

Interior Spaces

  • 1,590 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • City Lights Views

Kitchen

  • Updated Kitchen
  • Gas Oven
  • Gas Range
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Toliet
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Patio
  • Exterior Lighting
  • Wrap Around Porch

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 30654
  • Assessor Parcel Number 7589009038
  • $920 per year additional tax assessments

Community Details

Overview

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

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Park

Additional Features

  • Clubhouse
  • 24-Hour Security

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$14,157

Year Built

Built in 1974 | Remodeled

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Refrigerator, Washer & Dryer
  • Property Attached: No
  • Security: 24 Hour Security, Gated with Attendant
  • View: Yes
  • Zoning: RERPD6U*
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589009038
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1590.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Sunken Living Room
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 738.99
  • Room Type: Foyer, Main Floor Bedroom, Main Floor Master Bedroom
  • Spa Features: Community
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower, Double Sinks In Bath(s), Double Sinks In Master Bath, Quartz Counters, Remodeled, Walk-In Shower
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: City Lights
  • Patio And Porch Features: Patio, Wrap Around
  • Pool Features: Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Refrigerator, Vented Exhaust Fan
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground, Clubhouse, Guard, Security
  • Association Fee: 500.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: (310) 541-5292
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Park, Street Lights, Suburban
  • Association Management: The Terraces HOA

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 2591.00
  • Lot Size Acres: 0.0595

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2591.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 368

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 38
  • Tax Tract Number: 30654
  • TaxOtherAnnualAssessmentAmount: 920.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2021
Closed on
Nov 10, 2021
Sold by
Akhavan Bita Nina and Pma Trust
Bought by
Cdebaca Michael and Cdebaca Ingrid
Seller's Agent
Jack Wang
Balboa Real Estate, Inc.
Buyer's Agent
Patricia Haught
Coldwell Banker Realty
List Price
$1,075,000
Sold Price
$1,175,000
Premium/Discount to List
$100,000
9.3%
Current Estimated Value
$1,341,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,892
Avg. Annual Appreciation
3.32%
Original Mortgage
$940,000
Outstanding Balance
$865,645
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$465,378

Purchase Details

Closed on
Apr 8, 2021
Sold by
Akhavan Pouya Ryan and Barznia Hananeh
Bought by
Akhavan Majid Michael and Mehrabadi Mitra Michelle

Purchase Details

Listed on
Aug 21, 2017
Closed on
Aug 30, 2017
Sold by
Wang Melissa Hsiao Pen
Bought by
Akhavan Pouya Ryan and Barznia Hananeh
Seller's Agent
Melissa Wang
Cal Metro Realty
Buyer's Agent
Ryan Akhavan
Ikonic Realty
List Price
$780,000
Sold Price
$780,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$624,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2015
Sold by
Cal Metro Corporation
Bought by
Wang Melissa Hsiao Pen

Purchase Details

Closed on
Feb 11, 2015
Sold by
Cal Metro Corporation
Bought by
Wang Melissa Hsiao Pen

Purchase Details

Closed on
Sep 9, 2014
Sold by
Wang Melissa Hsiao Pen
Bought by
Cal Metro Corporation

Purchase Details

Closed on
Jul 14, 2014
Sold by
Wang Melissa
Bought by
Wang Melissa Hsiao Pen

Purchase Details

Listed on
Jun 17, 2013
Closed on
Jul 2, 2013
Sold by
Fisk David Eric
Bought by
Wang Melissa
Seller's Agent
April Treadwell
Harcourts Hunter Mason Realty
Buyer's Agent
Melissa Wang
Cal Metro Realty
List Price
$720,000
Sold Price
$720,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.19%
Original Mortgage
$432,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 19, 2009
Sold by
Godfrey Jane Scott
Bought by
Fisk David Eric and Fisk Alison Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,287
Interest Rate
4.91%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 2, 2008
Sold by
Godfrey Jane Scott
Bought by
Godfrey Jane Scott

Purchase Details

Closed on
May 17, 2007
Sold by
Shafer Frederick Kurt
Bought by
Godfrey Jane Scott

Purchase Details

Closed on
Feb 2, 2005
Sold by
Shafer Frederick Kurt
Bought by
Shafer Frederick Kurt and Shafer Darlene Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$621,000
Interest Rate
5.73%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 1, 2004
Sold by
Shafer F Kurt
Bought by
Shafer Frederick Kurt and Shafer Darlene Ann

Purchase Details

Closed on
Mar 12, 2002
Sold by
Gorrell Cynthia D
Bought by
Shafer F Kurt and Shafer Darlene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 1999
Sold by
Gorrell Cynthia D
Bought by
Gorrell Cynthia D
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cdebaca Michael $1,175,000 Netco Title Company
Akhavan Majid Michael -- None Available
Akhavan Pouya Ryan $780,000 Chicago Title Company
Wang Melissa Hsiao Pen -- None Available
Wang Melissa Hsiao Pen -- None Available
Cal Metro Corporation -- None Available
Wang Melissa Hsiao Pen -- None Available
Wang Melissa $720,007 Chicago Title Company
Fisk David Eric $675,000 Progressive Title Company
Godfrey Jane Scott -- None Available
Godfrey Jane Scott $797,000 Progressive Title Co Inc
Shafer Frederick Kurt -- Financial Title Company
Shafer Frederick Kurt -- --
Shafer F Kurt $440,000 Lawyers Title Company
Gorrell Cynthia D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cdebaca Michael $940,000
Previous Owner Akhavan Pouya Ryan $607,000
Previous Owner Akhavan Pouya Ryan $100,000
Previous Owner Akhavan Pouya Ryan $611,000
Previous Owner Akhavan Pouya Ryan $624,000
Previous Owner Wang Melissa $360,000
Previous Owner Wang Melissa $432,000
Previous Owner Fisk David Eric $656,287
Previous Owner Shafer Frederick Kurt $621,000
Previous Owner Shafer F Kurt $80,000
Previous Owner Shafer F Kurt $407,000
Previous Owner Shafer F Kurt $396,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $1,175,000 +9.3% $739 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/20/2021 10/20/21 For Sale $1,075,000 +37.8% $676 / Sq Ft
09/22/2017 09/22/17 Sold $780,000 0.0% $491 / Sq Ft
08/27/2017 08/27/17 Pending -- -- --
08/21/2017 08/21/17 For Sale $780,000 +8.3% $491 / Sq Ft
08/02/2013 08/02/13 Sold $720,000 0.0% $453 / Sq Ft
06/17/2013 06/17/13 For Sale $720,000 -- $453 / 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
2025 $14,157 $1,246,917 $931,952 $314,965
2024 $14,157 $1,222,469 $913,679 $308,790
2023 $13,957 $1,198,500 $895,764 $302,736
2022 $13,251 $1,175,000 $878,200 $296,800
2021 $9,644 $819,917 $522,119 $297,798
2020 $9,508 $811,511 $516,766 $294,745
2019 $9,224 $795,600 $506,634 $288,966
2018 $9,139 $780,000 $496,700 $283,300
2016 $8,696 $745,582 $483,697 $261,885
2015 $8,607 $734,384 $476,432 $257,952
2014 $8,492 $720,000 $467,100 $252,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21232324

California Regional Multiple Listing Service (CRMLS)

APN: 7589-009-038