$780,000
SOLD SEP 22, 2017
3 Beds
2 Baths
1,590 Sq Ft
$440/mo HOA Fee

Recently Sold

$491 Per Sq Ft

6 Days on Market

Highlights

  • 24-Hour Security
  • Spa
  • Panoramic View
  • Soleado Elementary Rated A+
  • Primary Bedroom Suite
  • 4-minute walk to Vista Del Norte Reserve

About This Home

As of November 2021

Perched at the top of Palos Verdes, this one-level town home in “The Terraces” enjoys a spectacular 180-degree view of its surroundings from the Los Angeles skyline to the Long Beach Harbor. All major rooms have dual pane sliding glass doors leading to a brick patio that runs the full length of the house. This town home is well lit with recessed lighting, and features vaulted smooth ceilings with numerous ceiling fans. The entire interior is freshly painted. The floors of the common spaces are wood floors, and there is a double-sided slate fireplace in the living room. This home also contains a furnace, air conditioning, and a tank-less water heater. “The Terraces” is a 24 hour guarded gated community on the Palos Verdes Peninsula. Along with an incredibly safe environment, residents also enjoy an abundance of well-maintained lush, and several recreational facilities including five swimming pools, two tennis courts, a recreational room, and a children’s play area. It is a two bed rooms with a den which can be use as a study room or a third bed room.

Last Agent to Sell the Property

Melissa Wang

Cal Metro Realty License #01045062 Listed on: 08/21/2017

Last Buyer's Agent

Ryan Akhavan

Ikonic Realty License #01922939

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $14,157

Year Built

  • Built in 1974

Lot Details

  • 2,591 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Landscaped
  • Sprinklers on Timer
  • Front Yard

HOA Fees

  • $440 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door
  • Garage Door Opener

Property Views

  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Spanish Architecture
  • Copper Plumbing

Interior Spaces

  • 1,590 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Two Way Fireplace
  • Plantation Shutters
  • Garden Windows
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Den with Fireplace
  • Wood Flooring

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

Outdoor Features

  • Spa
  • Patio
  • Exterior Lighting
  • Wrap Around Porch

Schools

  • Ridgecrest Middle School
  • Peninsula High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 30654
  • Assessor Parcel Number 7589009038

Community Details

Overview

  • Terraces Association, Phone Number (310) 541-5292

Amenities

  • Clubhouse

Recreation

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

Pet Policy

  • Pet Restriction

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$14,157

Year Built

Built in 1974

Lot Details

0

HOA Fees

$440 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Ad Number: 626-623-9551
  • Property Attached: Yes
  • Security: 24 Hour Security, Carbon Monoxide Detector(s)
  • View: Yes
  • Zoning: RERPD6U*
  • Architectural Style: Spanish
  • 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: Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Fireplace Features: Den, Living Room, Two Way
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 490.57
  • Room Type: All Bedrooms Down, Den, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Association
  • Window Features: Garden Window(s), Plantation Shutters
  • Bathroom Features: Shower, Shower In Tub, Walk-In Shower
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • View: City Lights, Mountain(s), Panoramic
  • Patio And Porch Features: Brick, Deck, Patio, Wrap Around
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave, Refrigerator, Tankless Water Heater
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Inside, Stackable, 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, Tennis Court(s), Clubhouse, Dues Paid Monthly, Pet Rules, Management, Guard
  • Association Fee: 440.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces
  • Phone: 3105415292
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Palos Verdes Peninsula Unified
  • Middle School: Ridgecrest
  • High School: Peninsula
  • High School: Peninsula
  • Middle Or Junior School: Ridgecrest
  • High School2: PENINS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Paved, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 2591.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

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

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 Type Sale Price Title Company
Grant Deed $1,175,000 Netco Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $780,000 Chicago Title Company
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $720,007 Chicago Title Company
Grant Deed $675,000 Progressive Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $797,000 Progressive Title Co Inc
Interfamily Deed Transfer -- Financial Title Company
Interfamily Deed Transfer -- --
Grant Deed $440,000 Lawyers Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $940,000 New Conventional
Previous Owner $607,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $611,000 New Conventional
Previous Owner $624,000 New Conventional
Previous Owner $360,000 Credit Line Revolving
Previous Owner $432,000 Adjustable Rate Mortgage/ARM
Previous Owner $656,287 FHA
Previous Owner $621,000 Unknown
Previous Owner $80,000 Credit Line Revolving
Previous Owner $407,000 Unknown
Previous Owner $396,000 Purchase Money Mortgage
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: AR17193467

California Regional Multiple Listing Service (CRMLS)

APN: 7589-009-038