NOT LISTED FOR SALE

Estimated Value: $1,145,954 - $1,252,000

2 Beds
2 Baths
1,373 Sq Ft
$643/mo HOA Fee

Last Sold July 13, 2018

Last sale price $770,000 $561 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $7,924/month

53 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 24-Hour Security
  • Mira Catalina Elementary School Rated A+
  • Fitness Center
  • Filtered Pool

About This Home

As of July 2018

Front and center Ocean Terrace condo with spectacular 180 degree ocean and Catalina views! Remodeled kitchen with white modern shaker style cabinets with glass doors, undermount lighting, and high-end Bosch stainless steel appliances. Bullnose corners, newer interior doors, carpet , recessed lighting, and paint. Huge outdoor patio with plenty of room to entertain. Association pool and spa, tennis courts, gym, and clubhouse, and walking trails to the beach.

Last Agent to Sell the Property

Terry McCarty

Coldwell Banker Realty License #01239625 Listed on: 04/06/2018

Coldwell Banker Realty

Last Buyer's Agent

Antonia Lavender

Vista Sotheby's International Realty License #02005518

Vista Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,987

Year Built

  • Built in 1974

Lot Details

  • Beach Front
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

  • $643 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Parking Available

Property Views

  • Ocean
  • Coastline
  • Panoramic

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,373 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Double Pane Windows
  • Plantation Shutters
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Room
  • Stone Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Separate Shower

Accessible Home Design

  • No Interior Steps

Pool

  • Filtered Pool
  • In Ground Spa
  • Gunite Pool

Outdoor Features

  • Ocean Side of Highway 1
  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Radiant Heating System
  • Sewer Paid
  • Phone Available

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 31530
  • Assessor Parcel Number 7564020008

Community Details

Overview

  • Master Insurance
  • 100 Units
  • Ocean Terrace Association, Phone Number (714) 392-2880
  • Maintained Community

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court
  • Fitness Center
  • Community Pool
  • Community Spa
  • Hiking Trails

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • 24-Hour Security
  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,987

Year Built

Built in 1974

Lot Details

0

HOA Fees

$643 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated Community
  • View: Yes
  • Zoning: RPRSIRPD*
  • Architectural Style: Contemporary
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7564020008
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1373.00 Square Feet
  • Interior Amenities: Elevator
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Stone
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Dining Room
  • Fireplace Features: Living Room, Gas, Gas Starter
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 560.82
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Spa Features: Community, In Ground
  • Window Features: Double Pane Windows, Plantation Shutters
  • Bathroom Features: Shower, Shower In Tub, Double Sinks In Master Bath, Separate Tub And Shower
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Other Structures: Tennis Court Private
  • Exterior Features: Lighting
  • View: Coastline, Ocean, Panoramic
  • Patio And Porch Features: Deck
  • Pool Features: Community, Filtered, Heated, Gunite
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Subterranean
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Microwave
  • Heating Type: Radiant
  • Laundry Features: Individual Room
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Tennis Court(s), Sport Court, Hiking Trails, Gym/Ex Room, Clubhouse, Insurance, Maintenance Grounds, Trash, Dues Paid Monthly, Pet Rules, Pets Permitted, Security, Controlled Access
  • Association Fee: 643.00
  • Association Fee Frequency: Monthly
  • Association Name: Ocean Terrace
  • Phone: 714-392-2880
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 241991.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 100
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 6706.02
  • Tax Lot: 8
  • Tax Tract Number: 31530

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2020
Sold by
Keitel John Neil and Cramer Carter L
Bought by
Keitel John F and Lewis Carol A
Current Estimated Value
$1,185,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,800
Outstanding Balance
$474,582
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$677,309

Purchase Details

Listed on
Apr 6, 2018
Closed on
Jul 5, 2018
Sold by
Keitel John F
Bought by
Keitel John F and Keitel John Neil
Seller's Agent
Terry McCarty
Coldwell Banker Realty
Buyer's Agent
Antonia Lavender
Vista Sotheby's International Realty
List Price
$799,000
Sold Price
$770,000
Premium/Discount to List
-$29,000
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$539,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2018
Closed on
Jun 15, 2018
Sold by
Best Timothy L
Bought by
Keitel John F and Lewis Carol A
Seller's Agent
Terry McCarty
Coldwell Banker Realty
Buyer's Agent
Antonia Lavender
Vista Sotheby's International Realty
List Price
$799,000
Sold Price
$770,000
Premium/Discount to List
-$29,000
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2012
Sold by
Best Timothy L and Dorsey Sharon Rae
Bought by
Dorsey Sharon R and Best Timothy L

Purchase Details

Closed on
Feb 21, 2007
Sold by
Cutler William and Cutler William P
Bought by
Best Timothy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,530
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2006
Sold by
Maniscalco James A and Maniscalco Barbara B
Bought by
Cutler William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 1998
Sold by
Rives Frank C
Bought by
Maniscalco James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7%

Purchase Details

Closed on
Jun 7, 1995
Sold by
Bank Of America National Tr & Svgs Assn
Bought by
Rives Franklin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
7.88%

Purchase Details

Closed on
Aug 17, 1994
Sold by
Yeshaya Eli and Resolution Trust Corp
Bought by
Resolution Trust Corp and Guardian S&L Assn
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 Buyer Sale Price Title Company
Keitel John F -- Servicelink
Keitel John F -- Ticor Title Company Of Calif
Keitel John F $770,000 Ticor Title Company
Best Timothy L -- Ticor Title Company
Dorsey Sharon R -- None Available
Best Timothy L $848,000 Progressive Title Company
Cutler William P $770,000 California Title Company
Cutler William P -- California Title Company
Maniscalco James A $275,000 First American Title Co
Rives Franklin C $142,000 Old Republic Title
Resolution Trust Corp $126,908 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keitel John F $533,800
Closed Keitel John F $539,000
Previous Owner Best Timothy L $300,000
Previous Owner Best Timothy L $593,530
Previous Owner Cutler William P $616,000
Previous Owner Cutler William P $77,000
Previous Owner Maniscalco James A $150,000
Previous Owner Maniscalco James A $320,000
Previous Owner Maniscalco James A $220,000
Previous Owner Rives Franklin C $113,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2018 07/13/18 Sold $770,000 -0.6% $561 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
05/21/2018 05/21/18 Price Changed $775,000 -3.0% $564 / Sq Ft
05/08/2018 05/08/18 For Sale $799,000 0.0% $582 / Sq Ft
04/20/2018 04/20/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $799,000 -- $582 / 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 $9,987 $858,945 $575,606 $283,339
2024 $9,987 $842,104 $564,320 $277,784
2023 $9,844 $825,593 $553,255 $272,338
2022 $9,350 $809,406 $542,407 $266,999
2021 $9,303 $793,536 $531,772 $261,764
2019 $8,969 $770,000 $516,000 $254,000
2018 $8,438 $711,000 $577,000 $134,000
2016 $8,308 $711,000 $577,000 $134,000
2015 $8,097 $686,000 $557,000 $129,000
2014 $8,132 $686,000 $557,000 $129,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18078214

California Regional Multiple Listing Service (CRMLS)

APN: 7564-020-008