NOT LISTED FOR SALE

Estimated Value: $1,252,000 - $1,388,000

3 Beds
2 Baths
1,590 Sq Ft
$817/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $1,390,000 $874 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $8,449/month

9 Days on Market

Highlights

  • 24-Hour Security
  • In Ground Pool
  • Updated Kitchen
  • Soleado Elementary Rated A+
  • Panoramic View
  • Open Floorplan

About This Home

As of June 2023

SEE AGENT REMARKS REGARDING THE ACTUAL SALE PRICE!!!!
Phenomenal City, Harbor & Mountain VIEWS from this highly coveted upper one-level unit, 3 bed, 2 bath townhome - 3rd bed currently a den but a wall can easily be installed to convert (see Terrace Home Plan 132L with 133L Option)! Perfectly situated to capture magical views from almost every room! Located in The Terraces - a prestigious 24/7 guard gated community in Rolling Hills Estates. Light & bright open floorplan with walls of sliding glass doors that lead to the HUGE private balcony - perfect for everyday living and entertaining. Well-appointed spacious living room with marble fireplace and vaulted ceiling. Spacious primary suite complete with vaulted ceiling, large walk-in closet & two additional closets, plus ensuite bathroom. Remodeled kitchen with new quartz countertops and cooktop. Immaculate condition - interior freshly painted, new waterproof vinyl flooring, new quartz counters in bathrooms, smooth ceilings, new fixtures & fittings. Direct access 2-car garage. Separate laundry room. Tons of storage. The Terraces is situated on approximately 60 acres, nearly half devoted to beautifully landscaped grounds accentuated with greenbelts and winding paths with breathtaking views from the hilltop setting. It also offers resort-quality amenities including 5 pools & jacuzzis, tennis courts, a children's playground, and clubhouse. This A+ location is close to the Peninsula Center for excellent shopping and entertainment, Terranea Resort, and award-willing Palos Verdes schools.

Last Agent to Sell the Property

Steve Smith

Compass License #01100068 Listed on: 06/05/2023

Compass

Last Buyer's Agent

Joyce Yang

Estate Properties License #00915854

Estate Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,868

Year Built

  • Built in 1974

Lot Details

  • 2,077 Sq Ft Lot
  • 1 Common Wall

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • Panoramic
  • City Lights

Home Design

  • Entry on the 1st floor
  • Planned Development

Interior Spaces

  • 1,590 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Bar
  • Beamed Ceilings
  • High Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Entryway
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Storage
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Quartz Bathroom Countertops
  • Low Flow Toliet
  • Bathtub
  • Walk-in Shower

Outdoor Features

  • In Ground Pool
  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 30653
  • Assessor Parcel Number 7589010034
  • $954 per year additional tax assessments

Community Details

Overview

  • 368 Units
  • Terraces Association, Phone Number (310) 541-5292
  • Multi HOA
  • Maintained Community

Recreation

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

Additional Features

  • Clubhouse
  • 24-Hour Security

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,868

Year Built

Built in 1974

Lot Details

0

HOA Fees

$600 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: 24 Hour Security
  • View: Yes
  • Zoning: RERPD6U*
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589010034
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1590.00 Square Feet
  • Interior Amenities: Balcony, Bar, Beamed Ceilings, Built-in Features, High Ceilings, Living Room Balcony, Open Floorplan, Quartz Counters, Recessed Lighting, Storage
  • Stories: 1
  • Entry Location: gound level
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 874.21
  • Room Type: Den, Entry, Kitchen, Laundry, Living Room, Main Floor Master Bedroom
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Quartz Counters, Walk-In Shower
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen

Exterior Features

  • View: City Lights, Panoramic
  • Pool Features: Association, Community, In Ground
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Gas Cooktop, Microwave
  • 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, Playground, Tennis Court(s), Clubhouse, Maintenance Grounds, Guard
  • Association Fee: 600.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces
  • Phone: 310-541-5292
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Street Lights
  • Association Management: multi

Schools

  • School District: Palo Verde Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 2077.00
  • Lot Size Acres: 0.0477

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2077.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 368

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 34
  • Tax Tract Number: 30653
  • TaxOtherAnnualAssessmentAmount: 954.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2023
Closed on
Jun 27, 2023
Sold by
Geraldine M Merlander Family Trust
Bought by
J J And Y C Gau Family Trust
Seller's Agent
Steve Smith
Compass
Buyer's Agent
Joyce Yang
Estate Properties
List Price
$1,200,000
Sold Price
$1,390,000
Premium/Discount to List
$190,000
15.83%
Views
393
Current Estimated Value
$1,298,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,111
Avg. Annual Appreciation
-0.78%
Source: Public Records

Range of Values:

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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
J J And Y C Gau Family Trust $1,390,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merlander Geraldine M $500,000
Previous Owner Merlander Geraldine M $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2023 06/29/23 Sold $1,390,000 +15.8% $874 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $1,200,000 -- $755 / 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 $11,868 $1,025,577 $673,558 $352,019
2024 $11,868 $1,005,468 $660,351 $345,117
2023 $6,045 $472,752 $191,394 $281,358
2022 $5,752 $463,484 $187,642 $275,842
2021 $5,709 $454,397 $183,963 $270,434
2020 $5,627 $449,739 $182,077 $267,662
2019 $5,465 $440,921 $178,507 $262,414
2018 $5,394 $432,276 $175,007 $257,269
2016 $5,102 $415,492 $168,212 $247,280
2015 $5,047 $409,252 $165,686 $243,566
2014 $4,984 $401,236 $162,441 $238,795
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23075846

California Regional Multiple Listing Service (CRMLS)

APN: 7589-010-034