NOT LISTED FOR SALE

Estimated Value: $1,356,000 - $2,070,000

3 Beds
3 Baths
2,184 Sq Ft
$708/Sq Ft Est. Value

Last Sold January 30, 2019

Last sale price $865,000 $396 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $9,730/month

43 Days on Market

Highlights

  • Heated In Ground Pool
  • City Lights View
  • Main Floor Bedroom
  • Soleado Elementary Rated A+
  • Property is near a park
  • Tennis Courts

About This Home

As of January 2019

Magnificent view of the city lights, mountains and harbor from both levels. Great location within The Terraces, close to the entrance gate, no homes across the street, guest parking nearby. Kitchen has granite counters, tile floor, windows and doors have been upgraded. Huge master bedroom with two walk-in closets. Both bedrooms have a patio and lawn area beyond. Abundant storage throughout the home. The Terraces is a gated community with 24 hour attendants, 5 swimming pools with spas, 2 tennis courts, a children's playground, a clubhouse, and is conveniently located close to shopping, entertainment, churchs and schools. The property offers a wonderful opportunity, the basics are there for a buyer that wants to improve it to their satisfaction..

Last Agent to Sell the Property

Richard Budde

Estate Properties License #00820691 Listed on: 01/15/2019

Estate Properties

Co-Listed By

Marilyn Cristiano Budde

Estate Properties License #00580324

Last Buyer's Agent

Nicole Julius

Home Team Realty License #02068040

Home Team Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,176

Year Built

  • Built in 1974

Lot Details

  • 1,942 Sq Ft Lot
  • Two or More Common Walls
  • Backyard Sprinklers

HOA Fees

  • $440 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • City Lights
  • Mountain
  • Hills

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Pool

  • Heated In Ground Pool
  • Fence Around Pool

Additional Features

  • Rain Gutters
  • Property is near a park
  • Central Heating

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 25
  • Tax Tract Number 30655
  • Assessor Parcel Number 7589008025

Community Details

Overview

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

Amenities

  • Meeting Room

Recreation

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

Pet Policy

  • Pets Allowed
  • Pet Restriction

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,176

Year Built

Built in 1974

Lot Details

0

HOA Fees

$440 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: The Terraces
  • View: Yes
  • Zoning: RERPD6U*
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589008025
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2184.00 Square Feet
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 396.06
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet

Exterior Features

  • View: City Lights, Hills, Mountain(s)
  • Pool Features: Association, Community, Fenced, Heated, In Ground
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground, Tennis Court(s), Meeting Room, Earthquake Insurance, Electricity, Gas, Maintenance Grounds, Pet Rules, Pets Permitted
  • Association Fee: 440.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces HOA
  • Phone: 310.541.5292
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Gutters, Storm Drains

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby, Sprinklers In Rear
  • Lot Size Sq Ft: 1942.00
  • Lot Size Acres: 0.0446

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1942.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 25
  • Tax Tract Number: 30655

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2019
Closed on
Jan 24, 2019
Sold by
Pettit Timothy
Bought by
Kang Joo Bok and Cho Min
Seller's Agent
Richard Budde
Estate Properties
Buyer's Agent
Nicole Julius
Home Team Realty
List Price
$860,000
Sold Price
$865,000
Premium/Discount to List
$5,000
0.58%
Current Estimated Value
$1,546,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$681,139
Avg. Annual Appreciation
9.20%

Purchase Details

Closed on
May 31, 2005
Sold by
Akpofure Blessing and Latimore Carl J
Bought by
Higgins Robert C

Purchase Details

Closed on
Jul 1, 2004
Sold by
Ha Byoung Kuk
Bought by
Latimore Carl J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,600
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2001
Sold by
Ha Maria Byun
Bought by
Ha Byoung Kuk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2001
Sold by
Scott Gerald G and Scott Deborah G
Bought by
Ha Byoung Kuk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
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
Kang Joo Bok $865,000 Progressive Title Company
Higgins Robert C $889,000 Lawyers Title
Latimore Carl J $828,000 Southland Title Company
Ha Byoung Kuk -- Lawyers Title Company
Ha Byoung Kuk $510,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kang Joo Bok $965,000
Previous Owner Latimore Carl J $595,600
Previous Owner Ha Byoung Kuk $200,000
Previous Owner Ha Byoung Kuk $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2019 01/30/19 Sold $865,000 +0.6% $396 / Sq Ft
01/20/2019 01/20/19 Pending -- -- --
12/08/2018 12/08/18 For Sale $860,000 -- $394 / 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 $11,176 $964,918 $518,713 $446,205
2024 $11,176 $945,999 $508,543 $437,456
2023 $11,017 $927,451 $498,572 $428,879
2022 $10,465 $909,267 $488,797 $420,470
2021 $10,413 $891,439 $479,213 $412,226
2020 $10,266 $882,300 $474,300 $408,000
2019 $10,194 $930,000 $611,000 $319,000
2018 $10,331 $930,000 $611,000 $319,000
2016 $10,189 $930,000 $611,000 $319,000
2015 $10,237 $930,000 $611,000 $319,000
2014 $9,858 $890,000 $585,000 $305,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV19011578

California Regional Multiple Listing Service (CRMLS)

APN: 7589-008-025