NOT LISTED FOR SALE

Estimated Value: $1,505,000 - $2,070,000

3 Beds
3 Baths
2,184 Sq Ft
$783/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $1,335,000 $611 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $11,084/month

1 Day on Market

Highlights

  • 24-Hour Security
  • Heated In Ground Pool
  • Panoramic View
  • Soleado Elementary Rated A+
  • Primary Bedroom Suite
  • Updated Kitchen

About This Home

As of July 2021

Welcome to this charming and updated town home with Spectacular 180 degree Panoramic Views in the coveted community of the Terraces in Rolling Hills Estates! This beautiful 3-bedroom, 3-bathroom town home has been lovingly cared for, updated with quality improvements and has plenty of bright light and spacious living areas and bedrooms. From your large and sunny balcony, enjoy the city lights and snow-capped mountains.   Also enjoy views from the huge master suite and from the second bedroom downstairs. The master suite has two walk-in closets.  The gourmet kitchen has impeccable features with updated granite countertops and wood floors.  Separate laundry room with washer and dryer hook ups. Plenty of guest parking conveniently nearby and gated community with 24/7 guard service. Located in the Award winning Palos Verdes Unified School District, Palos Verdes Trails, Peninsula Shopping and public transportation. A Definite Pride of Ownership You Don’t Want To Miss!

Last Agent to Sell the Property

Marilyn Cristiano Budde

Estate Properties License #00580324 Listed on: 06/21/2021

Estate Properties

Last Buyer's Agent

Matthew Cox

Cove & Key Real Estate License #02076282

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $16,043

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 1,946 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Front Yard

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Hills

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Living Room Balcony
  • Dining Room

Kitchen

  • Updated Kitchen
  • Gas Range
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Pool

  • Heated In Ground Pool
  • Heated Spa

Additional Features

  • Exterior Lighting
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 30655
  • Assessor Parcel Number 7589008016

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Security

  • 24-Hour Security
  • Controlled Access

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$16,043

Year Built

Built in 1974 | Remodeled

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated with Attendant
  • View: Yes
  • Zoning: RERPD6U*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589008016
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2184.00 Square Feet
  • Interior Amenities: Living Room Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 611.26
  • Room Type: Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Association, Heated
  • Bathroom Features: Bathtub, Shower, Remodeled
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • View: City Lights, Hills, Mountain(s), Panoramic
  • Fence: No
  • Pool Features: Association, Heated, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • 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, Guard, Security, Controlled Access
  • Association Fee: 500.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces HOA
  • Phone: 310-541-5292
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Street Lights
  • Association Management: Terraces

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 1946.00
  • Lot Size Acres: 0.0447

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1946.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 16
  • Tax Tract Number: 30655

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Jun 26, 2021
Sold by
Ericksen Sterling Ray and Ericksen Margareta Elisabeth
Bought by
Lama William L and Henson Linda Lee
Seller's Agent
Marilyn Cristiano Budde
Estate Properties
Buyer's Agent
Matthew Cox
Cove & Key Real Estate
List Price
$1,299,000
Sold Price
$1,335,000
Premium/Discount to List
$36,000
2.77%
Current Estimated Value
$1,710,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,260
Avg. Annual Appreciation
5.68%
Original Mortgage
$822,375
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2012
Sold by
Ericksen Sterling Ray and Ericksen Margareta Elisabeth
Bought by
Ericksen Sterling Ray and Ericksen Margareta Elisabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.59%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 26, 1999
Sold by
Trust Thompson Robert And Mary Trs Thomp
Bought by
Ericksen Sterling Ray

Purchase Details

Closed on
Aug 27, 1993
Sold by
Thompson Robert and Thompson Mary A
Bought by
Thompson Robert and Thompson Mary A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lama William L $1,335,000 Progressive Title Company
Ericksen Sterling Ray -- Old Republic Title Company
Ericksen Sterling Ray $445,000 American Title Co
Thompson Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lama William L $834,365
Closed Lama William L $822,375
Previous Owner Ericksen Sterling Ray $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $1,335,000 +2.8% $611 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $1,299,000 -- $595 / 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 $16,043 $1,416,710 $1,030,856 $385,854
2024 $16,043 $1,388,933 $1,010,644 $378,289
2023 $15,819 $1,361,700 $990,828 $370,872
2022 $15,016 $1,335,000 $971,400 $363,600
2021 $7,304 $644,489 $381,483 $263,006
2020 $7,205 $637,882 $377,572 $260,310
2019 $6,986 $625,375 $370,169 $255,206
2018 $6,929 $613,113 $362,911 $250,202
2016 $6,569 $589,308 $348,820 $240,488
2015 $6,503 $580,457 $343,581 $236,876
2014 $6,416 $569,087 $336,851 $232,236
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV21120777

California Regional Multiple Listing Service (CRMLS)

APN: 7589-008-016