NOT LISTED FOR SALE

Estimated Value: $1,137,000 - $1,391,000

2 Beds
2 Baths
1,373 Sq Ft
$888/mo HOA Fee

Last Sold June 20, 2023

Last sale price $1,200,000 $874 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,105/month

95 Days on Market

Highlights

  • Ocean Front
  • Golf Course Community
  • Filtered Pool
  • Mira Catalina Elementary School Rated A+
  • Fitness Center
  • Primary Bedroom Suite

About This Home

As of June 2023

Welcome to Ocean Terrace ... resort-style living at its finest! You’ll feel like you’re on vacation every day while enjoying the fabulous PANORAMIC UNOBSTRUCTED VIEWS of the ocean, Palos Verdes shoreline, Catalina Island, prestigious and lush national 18-hole golf course and the stunning sunsets. This elegantly remodeled 2-bedroom, 2-bath condo faces southwest which provides the greatest exposure to the golden California sunshine and views. Unit 203 is located in the oceanfront building with jaw-dropping vistas as you enter the unit. The open floorplan lends itself perfectly to entertaining, with a spacious enclosed deck offering the perfect setting for that evening glass of wine while watching the sunset or a morning cup of coffee watching the pelicans glide through the cool ocean air and sailboats heading to open seas. There is a spacious living room with cozy fireplace and dining area with dynamic views. The galley-style kitchen is a chef’s delight with high-end stainless appliances, custom white shaker cabinetry, subway tile backsplash, Calacatta guartz countertops and porcelain wood-look plank flooring giving it that “beachy” vibe. There are beautiful plantation shutters throughout and tons of storage plus washer and dryer in the unit. The bathrooms have been completely reimagined with quartz countertops, porcelain wood-look plank flooring, real crema marfil marble shower floor and walls, custom finishes and frameless shower doors. This home is turn-key and gorgeous! Ocean Terrace amenities include a spacious swimming pool, jacuzzi, two tennis courts, pickleball/paddle tennis court, shuffleboard, fitness center, sauna, billiard room, recreation room with a large screen TV, kitchen and restrooms.... everything you'll need to enjoy resort-style living including beautiful hiking trails along the ocean bluff. Enjoy the MAGNIFICENT VIEWS and unbelievable sunsets from your piece of paradise along the coastline of Palos Verdes!

Last Agent to Sell the Property

Sharon McHale

Estate Properties License #01214227 Listed on: 01/26/2023

Last Buyer's Agent

Yumi Mandt-Rauch

Spalding & Associates License #01452272

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,192

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • Ocean Front
  • Two or More Common Walls

HOA Fees

  • $888 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Auto Driveway Gate
  • Guest Parking
  • Parking Lot
  • Controlled Entrance
  • Community Parking Structure

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • Bluff

Home Design

  • Turnkey
  • Copper Plumbing

Interior Spaces

  • 1,373 Sq Ft Home
  • Built-In Features
  • Recessed Lighting
  • Track Lighting
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Plantation Shutters
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • L-Shaped Dining Room
  • Storage
  • Security Lights

Kitchen

  • Galley Kitchen
  • Updated Kitchen
  • Electric Oven
  • Self-Cleaning Oven
  • Built-In Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Pots and Pans Drawers
  • Built-In Trash or Recycling Cabinet
  • Self-Closing Drawers and Cabinet Doors

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Low Flow Toliet
  • Bathtub
  • Separate Shower
  • Low Flow Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

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

Outdoor Features

  • Property has ocean access
  • Enclosed patio or porch
  • Exterior Lighting

Location

  • Property is near a clubhouse

Utilities

  • Radiant Heating System
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 31530
  • Assessor Parcel Number 7564020064

Community Details

Overview

  • Master Insurance
  • 100 Units
  • Ocean Terrace Association, Phone Number (310) 541-8077
  • Anthony Corcoran HOA
  • Maintained Community

Amenities

  • Sauna
  • Trash Chute
  • Clubhouse
  • Billiard Room
  • Meeting Room
  • Card Room
  • Recreation Room
  • Community Storage Space

Recreation

  • Golf Course Community
  • Tennis Courts
  • Pickleball Courts
  • Sport Court
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,192

Year Built

Built in 1974 | Remodeled

Lot Details

0

HOA Fees

$888 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Security Lights, Smoke Detector(s)
  • View: Yes
  • Zoning: RPRSIRPD*
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7564020064
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1373.00 Square Feet
  • Interior Amenities: Built-in Features, Copper Plumbing Full, Living Room Deck Attached, Quartz Counters, Recessed Lighting, Storage, Track Lighting, Trash Chute, Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Ell
  • Fireplace Features: Living Room, Gas Starter
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 874.00
  • Room Type: Dressing Area, Galley Kitchen, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Suite, Walk-In Closet
  • Spa Features: Association, Community, Gunite, Heated, In Ground
  • Window Features: Double Pane Windows, Plantation Shutters
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Double Sinks In Master Bath, Exhaust Fan(s), Linen Closet/Storage, Main Floor Full Bath, Privacy Toilet Door, Quartz Counters, Remodeled, Separate Tub And Shower, Upgraded
  • Room Kitchen Features: Built-In Trash/Recycling, Pots & Pan Drawers, Quartz Counters, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • View: Bluff, Catalina, Coastline, Hills, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Deck, Enclosed
  • Pool Features: Association, Community, Fenced, Filtered, Gunite, Heated, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Assigned, Auto Driveway Gate, Built-In Storage, Community Structure, Controlled Entrance, Covered, Garage, Guest, Parking Space, Private, Subterranean
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Electric Cooktop, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Water Heater, Water Line to Refrigerator
  • Heating Type: Radiant
  • Laundry Features: Dryer Included, Electric Dryer Hookup, In Closet, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Spa/Hot Tub, Sauna, Dog Park, Tennis Court(s), Sport Court, Biking Trails, Hiking Trails, Gym/Ex Room, Clubhouse, Billiard Room, Card Room, Recreation Room, Meeting Room, Storage, Insurance, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Pets Permitted, Management, Controlled Access
  • Association Fee: 888.00
  • Association Fee Frequency: Monthly
  • Association Name: Ocean Terrace
  • Phone: 310-541-8077
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Dog Park, Golf, Hiking, Park, Sidewalks, Storm Drains, Street Lights
  • Association Management: Anthony Corcoran

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Bluff, Close to Clubhouse
  • Lot Size Sq Ft: 242003.00
  • Lot Size Acres: 5.5556

Multi Family

  • Lease Considered: No
  • Lot Size Area: 242003.0000 Square Feet
  • Number Of Units In Community: 100
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Access, Ocean Front

Tax Info

  • Tax Census Tract: 6706.04
  • Tax Lot: 1
  • Tax Tract Number: 31530

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Jun 12, 2023
Sold by
Hyperion Ave Realty Llc
Bought by
Gold Patricia L
Seller's Agent
Sharon McHale
Estate Properties
Buyer's Agent
Yumi Mandt-Rauch
Spalding & Associates
List Price
$1,249,000
Sold Price
$1,200,000
Premium/Discount to List
-$49,000
-3.92%
Views
189
Current Estimated Value
$1,273,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,586
Avg. Annual Appreciation
0.89%

Purchase Details

Listed on
Jan 26, 2023
Closed on
May 3, 2023
Sold by
Zellner John William
Bought by
Kanwal Sumeet and Kanwal Bianca M
Seller's Agent
Sharon McHale
Estate Properties
Buyer's Agent
Yumi Mandt-Rauch
Spalding & Associates
List Price
$1,249,000
Sold Price
$1,200,000
Premium/Discount to List
-$49,000
-3.92%
Views
189

Purchase Details

Closed on
Jun 26, 2007
Sold by
Stallard Kelli Janeen
Bought by
Zellner John William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2007
Sold by
Klavir Ilyse Fern
Bought by
Zellner John William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2003
Sold by
Klavir Ilyse Fern and Rettke Gerald
Bought by
Klavir Ilyse Fern

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.78%

Purchase Details

Closed on
Apr 20, 1998
Sold by
Reynolds Christian Wayne Henry and Reynolds Jewell
Bought by
Klavir Ilyse Fern

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
7.05%
Source: Public Records

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
Gold Patricia L -- Provident Title
Kanwal Sumeet $1,200,000 Fidelity National Title
Zellner John William -- Southland Title
Zellner John William $980,000 Southland Title
Klavir Ilyse Fern -- Chicago Title Co
Klavir Ilyse Fern $294,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zellner John William $596,300
Previous Owner Zellner John William $700,000
Previous Owner Klavir Ilyse Fern $210,000
Previous Owner Klavir Ilyse Fern $220,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Sold $1,200,000 -2.4% $874 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/19/2023 04/19/23 Price Changed $1,229,000 -1.6% $895 / Sq Ft
01/26/2023 01/26/23 For Sale $1,249,000 -- $910 / 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 $14,192 $1,248,479 $897,657 $350,822
2024 $14,192 $1,224,000 $880,056 $343,944
2023 $13,538 $1,158,200 $919,800 $238,400
2022 $10,670 $928,000 $737,000 $191,000
2021 $9,254 $782,000 $621,000 $161,000
2019 $9,285 $800,000 $635,000 $165,000
2018 $8,438 $711,000 $564,000 $147,000
2016 $8,308 $711,000 $564,000 $147,000
2015 $8,097 $686,000 $544,000 $142,000
2014 $8,132 $686,000 $544,000 $142,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23008326

California Regional Multiple Listing Service (CRMLS)

APN: 7564-020-064