NOT LISTED FOR SALE

Estimated Value: $1,421,605 - $1,732,000

2 Beds
3 Baths
2,114 Sq Ft
$720/Sq Ft Est. Value

Last Sold February 28, 2015

Last sale price $830,000 $393 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $9,937/month

203 Days on Market

Highlights

  • 24-Hour Security
  • Heated In Ground Pool
  • Panoramic View
  • Soleado Elementary Rated A+
  • No Units Above
  • Clubhouse

About This Home

As of February 2015

Beautifully renovated corner 2 bedroom 3 bath panoramic city view with a glance of ocean home in the Terraces. Wood flooring in all living areas except kitchen and baths. Kitchen with granite counters, stainless steel sink, double Fisher & Payket dishwashers, microwave oven and range top. This home features a large office/den area with a total of 2,114 sq. ft. of living space that conveniently located next to the swimming pool and green belt, with large viewing decks both in the front and back. Master suite has two generous sized walk-in-closets with master bath feathers separate shower and bathtub. Safely placed in a gated Terraces community with a 24 hr guard.

Last Agent to Sell the Property

Ming Chang

Ming Cheng Chang, Broker License #00384794 Listed on: 07/25/2014

Last Buyer's Agent

Young Gill

Estate Properties License #01452682

Estate Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,584

Year Built

  • Built in 1974

Lot Details

  • 1,354 Sq Ft Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Landscaped
  • Sprinkler System
  • Front Yard

HOA Fees

  • $425 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Panoramic
  • City Lights
  • Pool

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,114 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Storage
  • Pest Guard System

Kitchen

  • Eat-In Kitchen
  • Built-In Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Water Purifier

Listing and Financial Details

  • Tax Lot 64
  • Tax Tract Number 30654
  • Assessor Parcel Number 7589010072

Community Details

Overview

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

Amenities

  • Clubhouse
  • Meeting Room

Recreation

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

Security

  • 24-Hour Security
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,584

Year Built

Built in 1974

Lot Details

0

HOA Fees

$425 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Refrigerator, Washer and Dryer, microwave oven, Dinning room chandelier and table, stairs lamp
  • Other Phone Description: home
  • Other Phone Number: 310-844-7200
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated Community, Gated with Guard, Smoke Detector(s)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589010072
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2114.00
  • Interior Amenities: Balcony, Ceiling Fan(s), Crown Molding, Granite Counters, Pantry, Storage
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 2
  • Eating Area: In Kitchen, Separated
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 392.62
  • Room Type: Living Room, Master Bedroom, Walk-In Closet, Office
  • Spa Features: Association, Heated, In Ground

Exterior Features

  • View: City Lights, Panoramic, Pool
  • Pool Features: Association, Community, Fenced, Heated, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Water Line to Refrigerator, Water Purifier
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Dues Paid Monthly, Guard, Meeting Room, Pest Control, Playground, Pool, Security, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 425.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces Homeowner
  • Phone: 310-541-5292
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Lot Features: Front Yard, Landscaped, Level with Street, Sprinkler System
  • Lot Size Sq Ft: 1354.00
  • Lot Size Acres: 0.0310

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 1354.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 368

Tax Info

  • Tax Lot: 64
  • Tax Tract Number: 30654

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2018
Sold by
Kim Gwang Sig
Bought by
Kim Gwang Sig and Ku Bon Seon
Total Days on Market
203
Current Estimated Value
$1,522,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 25, 2014
Closed on
Feb 17, 2015
Sold by
Chang Ming Cheng
Bought by
Kim Gwangsig and Ku Bonseon
Seller's Agent
Ming Chang
Ming Cheng Chang, Broker
Buyer's Agent
Young Gill
Estate Properties
List Price
$898,000
Sold Price
$830,000
Premium/Discount to List
-$68,000
-7.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.09%
Original Mortgage
$490,000
Interest Rate
3.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 8, 2002
Sold by
Golida Jay F
Bought by
Chang Ming Cheng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 1997
Sold by
Smith Smith G
Bought by
Golida Jay F and Golida Hanako

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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
Kim Gwang Sig -- Provident Title Company
Kim Gwangsig $830,000 Chicago Title Company
Chang Ming Cheng -- Chicago Title Company
Chang Ming Cheng $471,000 American Coast Title Co Inc
Golida Jay F $385,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Gwang Sig $675,000
Closed Kim Gwang Sig $588,000
Closed Kim Gwang Sig $150,000
Closed Kim Gwang Sig $600,000
Closed Kim Gwang Sig $150,000
Closed Kim Gwang Sig $150,000
Closed Kim Gwang Sig $625,000
Closed Kim Gwangsig $490,000
Closed Kim Gwangsig $490,000
Closed Kim Gwangsig $490,000
Previous Owner Chang Ming Cheng $494,000
Previous Owner Chang Ming Cheng $459,500
Previous Owner Chang Ming Cheng $300,000
Previous Owner Golida Jay F $340,000
Previous Owner Golida Jay F $288,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2015 02/28/15 Sold $830,000 -1.0% $393 / Sq Ft
01/20/2015 01/20/15 Price Changed $838,000 -2.3% $396 / Sq Ft
01/17/2015 01/17/15 Pending -- -- --
09/14/2014 09/14/14 Price Changed $858,000 -3.4% $406 / Sq Ft
08/17/2014 08/17/14 Price Changed $888,000 -1.1% $420 / Sq Ft
07/25/2014 07/25/14 Price Changed $898,000 0.0% $425 / Sq Ft
07/25/2014 07/25/14 For Sale $898,000 +8.2% $425 / Sq Ft
06/30/2014 06/30/14 Off Market $830,000 -- --
06/28/2014 06/28/14 For Sale $909,000 -- $430 / 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 $11,584 $977,966 $579,122 $398,844
2023 $11,421 $958,791 $567,767 $391,024
2022 $10,848 $939,992 $556,635 $383,357
2021 $10,798 $921,562 $545,721 $375,841
2020 $10,646 $912,114 $540,126 $371,988
2019 $10,327 $894,231 $529,536 $364,695
2018 $10,266 $876,698 $519,153 $357,545
2016 $9,734 $842,657 $498,995 $343,662
2015 $6,877 $578,814 $327,943 $250,871
2014 $6,786 $567,477 $321,520 $245,957
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV14136613

California Regional Multiple Listing Service (CRMLS)

APN: 7589-010-072