$1,010,000
SOLD OCT 1, 2020
3 Beds
2.5 Baths
2,114 Sq Ft
$460/mo HOA Fee

Recently Sold

$478 Per Sq Ft

7% Above List Price

5 Days on Market

Highlights

  • 24-Hour Security
  • Heated In Ground Pool
  • Primary Bedroom Suite
  • Soleado Elementary Rated A+
  • No Units Above
  • Panoramic View

About This Home

As of October 2020

Welcome to Terraces! This prized, hilltop community offers peace and privacy in a 24/7 guard-gated community where you own your land. Escape the frenzied world in a quiet and safe location, featuring lush greenbelts & resort-like amenities. This stunning end unit has panoramic views of snow-capped mountains by day + sparkling city lights by night. Relax by the fire in the open living room w/wall of glass that opens to a wrap-around view deck. New wide-plank wood floors throughout. Updated kitchen features quartz counters, so much storage, including pantry w/roll-outs & access to front deck for BBQ/entertaining. Whether you choose to dine al fresco, in the breakfast nook or formal dining room – there’s something beautiful to look at any way you turn! All 3 bedrooms on same (upper) level. Main bedroom has huge views, bright sitting area, two closets + private bath. Soak the day away in the jetted tub then watch the moon rise over the city! Direct-access 2-car garage has bonus room, now used as a perfect home office. Community offers 5 pools & spas, tennis courts, play area, walking paths + ample guest parking. Award-winning Palos Verdes schools are nearby. Conveniently located near shops, dining, entertainment, golf, recreation, beach and more - but with all the fine features this home offers..you may never want to leave! State of CA rules of entry: https://tinyurl.com/VistaSIRRulesofEntry

Last Agent to Sell the Property

Morena Cohan

Vista Sotheby’s International Realty License #00935476 Listed on: 08/07/2020

Last Buyer's Agent

Gene Chou

Rita Realty, In License #01841784

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,601

Year Built

  • Built in 1974

Lot Details

  • 1,369 Sq Ft Lot
  • Property fronts a private road
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall

HOA Fees

  • $460 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Side by Side Parking
  • Automatic Gate

Property Views

  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Mediterranean Architecture
  • Turnkey

Interior Spaces

  • 2,114 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Dual Staircase
  • Recessed Lighting
  • Entryway
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Storage
  • Wood Flooring
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Hydromassage or Jetted Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Living Room Balcony
  • Deck
  • Wood patio
  • Wrap Around Porch

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 78
  • Tax Tract Number 30653
  • Assessor Parcel Number 7589010078

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Security

  • 24-Hour Security
  • Card or Code Access

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,601

Year Built

Built in 1974

Lot Details

0

HOA Fees

$460 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated with Attendant, Automatic Gate, Card/Code Access, Gated Community, Gated with Guard
  • Subdivision Name Other: Terraces
  • View: Yes
  • Zoning: RERPD6U*
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589010078
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2114.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Living Room Balcony, Open Floorplan, Pantry, Recessed Lighting, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Wood
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 477.77
  • Room Type: All Bedrooms Up, Bonus Room, Entry, Kitchen, Living Room, Master Suite
  • Spa Features: Community, Heated, In Ground
  • Bathroom Features: Bathtub, Shower, Jetted Tub, Separate Tub And Shower, Walk-In Shower

Exterior Features

  • Patio: Yes
  • View: City Lights, Mountain(s), Panoramic
  • Patio And Porch Features: Deck, Patio, Tile, Wood, Wrap Around
  • Pool Features: Community, Heated, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • 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, Controlled Access
  • Association Fee: 460.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces HOA
  • Phone: 310-541-5292
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Suburban
  • Association Management: Terraces HOA

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 1369.00
  • Lot Size Acres: 0.0314

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1369.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 78
  • Tax Tract Number: 30653

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Aug 15, 2020
Sold by
Janjua Geoffrey R and Janjua Ngoc H
Bought by
Wu Shian Bin and Ma Tzu Ting
Seller's Agent
Morena Cohan
Vista Sotheby’s International Realty
Buyer's Agent
Gene Chou
Rita Realty, In
List Price
$945,000
Sold Price
$1,010,000
Premium/Discount to List
$65,000
6.88%
Current Estimated Value
$1,423,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,326
Avg. Annual Appreciation
7.15%
Original Mortgage
$350,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 14, 2016
Closed on
Dec 8, 2016
Sold by
Shen Cheng Chung
Bought by
Janjua Geoffrey R and Janjua Ngoc H
Seller's Agent
Shan Yu
Home Team Realty
Buyer's Agent
Maureen Megowan
Estate Properties
List Price
$888,000
Sold Price
$888,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.45%
Original Mortgage
$798,300
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2008
Sold by
Shen Victoria
Bought by
Shen Cheng Chung and Shen Helena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 1999
Sold by
Sudrann Robert B Co Tr
Bought by
Shen Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,010,000 Old Republic Title Company
Grant Deed $888,000 Progressive Title
Grant Deed $750,000 Ticor Title Company
Individual Deed $405,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 New Conventional
Previous Owner $798,300 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $267,073 New Conventional
Previous Owner $300,000 Purchase Money Mortgage
Previous Owner $164,630 Unknown
Previous Owner $160,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Sold $1,010,000 +6.9% $478 / Sq Ft
08/12/2020 08/12/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $945,000 +6.4% $447 / Sq Ft
12/13/2016 12/13/16 Sold $888,000 0.0% $420 / Sq Ft
11/11/2016 11/11/16 Pending -- -- --
10/14/2016 10/14/16 For Sale $888,000 -- $420 / 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 $12,601 $1,093,253 $731,723 $361,530
2024 $12,601 $1,071,818 $717,376 $354,442
2023 $12,424 $1,050,803 $703,310 $347,493
2022 $11,799 $1,030,200 $689,520 $340,680
2021 $11,748 $1,010,000 $676,000 $334,000
2020 $10,971 $942,351 $580,904 $361,447
2019 $10,642 $923,874 $569,514 $354,360
2018 $10,578 $905,760 $558,348 $347,412
2016 $6,293 $525,815 $285,238 $240,577
2015 $5,833 $517,918 $280,954 $236,964
2014 $6,146 $507,774 $275,451 $232,323
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20157923

California Regional Multiple Listing Service (CRMLS)

APN: 7589-010-078