NOT LISTED FOR SALE

Estimated Value: $1,323,000 - $1,491,000

2 Beds
2 Baths
1,590 Sq Ft
$600/mo HOA Fee

Last Sold February 01, 2022

Last sale price $1,230,000 $774 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $9,536/month

11 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • 24-Hour Security
  • Soleado Elementary Rated A+
  • Community Stables
  • Heated In Ground Pool

About This Home

As of February 2022

Life is good when you can relax in the peace and luxury of a highly sought-after, guard-gated community. Offering the perfect balance of privacy, security and quiet ~ with the convenience of nearby shopping, entertainment and recreation, The Terraces is your private oasis. This tastefully-updated, one-level home is open & bright with an abundance of natural light flooding the living areas and a wall of windows providing panoramic, breathtaking views from DTLA to the Long Beach Harbor. Imagine starting the day with sunrise over the mountains to energize you and ending the day with twinkling lights of the city to inspire dining al fresco! High, beamed ceilings & rich bamboo floors enhance the openness of the living areas where the fireplace, surrounded by display shelving & built-in cabinetry, competes with the views for attention. Entertaining is easy as you flow from living areas to huge view deck - perfect for BBQs & special events! Beautifully remodeled kitchen has granite counters, stainless appliances, a pantry with rollouts + a unique opening that connects you to the living area & view. The hallway leads to two bedrooms + an office that could be a third bedroom, home gym or playroom. Spacious primary suite has vaulted/beamed ceiling w/ceiling fan & wall of sliders to the large view deck. Extensive closet space includes a walk-in plus two double-door mirrored wardrobes. Private bath has been updated with new vanity/quartz counter & frameless step-in shower + on-trend tile, and a pebble floor. Full bath in hallway has also been updated & is a nice feature for guests. Laundry room is conveniently located near bedrooms & there is ample hall storage w/upper & lower cabinets, plus a long countertop. A private two-car garage provides added storage, as well! Additional features include newer water heater, ductwork, lighting fixtures, window treatments & a battery backup for the garage door. Enjoy air-conditioned comfort in your unit, walk the lush pathways, take a swim, enjoy the spa or play some tennis…all without leaving your community. Venturing out, your options seem endless – hike famous PV trails, shop nearby malls, play golf or visit the world-class beaches that are just minutes from home! This A+ location offers award-winning Palos Verdes schools, nearby Highridge Park, coastal climate, proximity to all the big-city attractions, access to public transportation & two nearby airports. Make The Terraces your dream home - and enjoy resort living!

Last Agent to Sell the Property

Morena Cohan

Vista Sotheby’s International Realty License #00935476 Listed on: 01/08/2022

Co-Listed By

Camille Cohan

Vista Sotheby’s International Realty License #02114549

Last Buyer's Agent

David Tai

Home Team Realty License #00895213

Home Team Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,833

Year Built

  • Built in 1974

Lot Details

  • 2,130

HOA Fees

  • $600 Monthly HOA Fees

Parking

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

Property Views

  • Ocean
  • Harbor
  • Panoramic
  • City Lights
  • Mountain
  • Hills

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Spanish Tile Roof

Interior Spaces

  • 1,590 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Sliding Doors
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Living Room Balcony
  • Dining Room
  • Home Office
  • Storage
  • Laundry Room
  • Bamboo Flooring
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Mirrored Closets Doors

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Patio
  • Terrace
  • Exterior Lighting

Location

  • Property is near a park
  • Suburban Location

Additional Features

  • No Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 30653
  • Assessor Parcel Number 7589010032
  • $877 per year additional tax assessments

Community Details

Overview

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

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Community Spa
  • Park
  • Water Sports
  • Community Stables
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,833

Year Built

Built in 1974

Lot Details

0

HOA Fees

$600 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: No
  • Security: 24 Hour Security, Gated with Attendant, Gated Community, Gated with Guard, Guarded
  • View: Yes
  • Zoning: RERPD6U*
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7589010032
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1590.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Balcony, Living Room Deck Attached, Pantry, Storage, Sunken Living Room
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Bamboo
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 773.58
  • Room Type: Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Office, Walk-In Closet
  • Spa Features: Association, Community, In Ground
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • View: City Lights, Harbor, Hills, Mountain(s), Ocean, Panoramic, Water
  • Patio And Porch Features: Terrace
  • Pool Features: Association, Community, Heated, In Ground
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Tennis Court(s), Guard, Security
  • Association Fee: 600.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: 3105415292
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Golf, Hiking, Horse Trails, Park, Watersports, Stable(s), Sidewalks, Street Lights, Suburban
  • Association Management: The Terraces

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 2132.00
  • Lot Size Acres: 0.0489

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2132.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 32
  • Tax Tract Number: 30653
  • TaxOtherAnnualAssessmentAmount: 877.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2022
Sold by
Zhang Tongshan and Zhang Yiqing
Bought by
Zhang-Su Family Trust
Total Days on Market
11
Current Estimated Value
$1,371,753

Purchase Details

Listed on
Jan 8, 2022
Closed on
Jan 24, 2022
Sold by
Moore Family Revocable Trust
Bought by
Zhang Tongshan and Su Yi Qing
Seller's Agent
Morena Cohan
Vista Sotheby’s International Realty
Buyer's Agent
David Tai
Home Team Realty
List Price
$1,065,000
Sold Price
$1,230,000
Premium/Discount to List
$165,000
15.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%

Purchase Details

Listed on
Jun 24, 2020
Closed on
Jul 16, 2020
Sold by
Ameriprise National Trust Bank
Bought by
Moore Andrew R and Moore Amanda E
Seller's Agent
Steve Smith
Compass
Buyer's Agent
Richard Budde
Estate Properties
List Price
$839,000
Sold Price
$875,000
Premium/Discount to List
$36,000
4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.30%
Original Mortgage
$700,000
Interest Rate
3.1%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Zhang-Su Family Trust -- --
Zhang Tongshan $1,230,000 Consumers Title
Moore Andrew R $875,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore Andrew R $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2022 02/01/22 Sold $1,230,000 +15.5% $774 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/08/2022 01/08/22 For Sale $1,065,000 +21.7% $670 / Sq Ft
07/30/2020 07/30/20 Sold $875,000 +4.3% $550 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $839,000 -- $528 / 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 $14,833 $1,279,692 $603,432 $676,260
2023 $10,881 $910,349 $618,829 $291,520
2022 $10,263 $892,500 $606,696 $285,804
2021 $10,216 $875,000 $594,800 $280,200
2020 $2,407 $150,411 $81,151 $69,260
2019 $2,348 $147,462 $79,560 $67,902
2018 $2,280 $144,571 $78,000 $66,571
2016 $2,139 $138,959 $74,972 $63,987
2015 $2,114 $136,872 $73,846 $63,026
2014 $2,096 $134,192 $72,400 $61,792
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22003141

California Regional Multiple Listing Service (CRMLS)

APN: 7589-010-032