$1,310,000
SOLD DEC 20, 2024
3 Beds
2.5 Baths
1,833 Sq Ft
$570/mo HOA Fee

Recently Sold

$715 Per Sq Ft

3% Below List Price

51 Days on Market

Highlights

  • 24-Hour Security
  • Spa
  • Open Floorplan
  • Soleado Elementary Rated A+
  • City Lights View
  • 3-minute walk to Vista Del Norte Reserve

About This Home

As of December 2024

Welcome to 41 Oaktree Lane, a unique property in The Terraces, the prestigious gated community in Rolling Hills Estates. This freshly updated end-unit townhouse on a peaceful cul-de-sac street is one of only a few units that offers a private courtyard entrance in addition to The Terrace's most desirable floorplan -- which gives the feeling of a single-family home. As you enter, you'll be greeted by a light-filled living room featuring a traditional fireplace, ideal for family living or entertaining, with direct flow to a large enclosed patio. The formal dining room and private patio access are off the living room, creating the perfect setting for gatherings. The family room flows into the updated kitchen with new appliances, an eat-up bar, the back patio and yard beyond. The open kitchen layout allows for easy flow and interaction while preparing meals, making it the perfect space for entertaining guests. The home offers multiple outdoor spaces, including 2 balconies, 2 patios and 2 large grass areas. It has been impeccably maintained and recently updated with high-end, luxury choices—new flooring in the entire unit, all new paint, windows, and appliances. The guest bath has been completely renovated, and new lighting makes this property turn-key. All three bedrooms are upstairs, offering privacy from the living space. The spacious primary suite is a private retreat with a beamed ceiling, a large walk-in closet, sliding glass door out to an expansive balcony with city light and mountain views. The en-suite bathroom has the comfort and privacy of a vanity area, separate toilet, and shower. The combination of a private two-car garage, ample street parking, quiet end unit location, and only one common wall, plus the large grassy areas, gives the feel of a single-family home. Providing a serene escape from the hustle and bustle of everyday life, The Terraces community boasts great amenities: tennis courts, five pools, a children's playground, walking paths, a Clubhouse, beautiful landscaping, and the security and peace of mind that comes with a 24-hour guard at the front gate. 41 Oaktree Lane is within the Palos Verdes School District -- one of California's best public school districts. It is located in the heart of the Palos Verdes yet still offers privacy and quiet living with easy access to schools, parks, and Peninsula Shopping Center and entertainment. Schedule a visit to this gorgeous place today and enjoy peace of mind and calm in this private retreat.

Last Agent to Sell the Property

Cameron Stearns

Compass Brokerage Phone: 310-872-8785 License #01920602 Listed on: 09/24/2024

Compass

Co-Listed By

Janet Stearns

Compass Brokerage Phone: 310-872-8785 License #01851243

Last Buyer's Agent

Liugen Gao

Keller Williams Palos Verdes License #02127024

Keller Williams Palos Verdes

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,938

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 2,102 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Guest Parking

Property Views

  • City Lights
  • Mountain

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor
  • Turnkey
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 1,833 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Recessed Lighting
  • Double Pane Windows
  • Window Screens
  • Double Door Entry
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Room
  • Laminate Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Range
  • Microwave
  • Tile Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Mirrored Closets Doors
  • Dual Sinks
  • Private Water Closet
  • Bathtub with Shower
  • Walk-in Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Spa
  • Balcony
  • Tile Patio or Porch

Schools

  • Soleado Elementary School
  • Ridgecrest Middle School
  • Palos Verdes Peninsula High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • Low Pile Carpeting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 30654
  • Assessor Parcel Number 7589009006
  • $483 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Pet Policy

  • Pets Allowed with Restrictions

Security

  • 24-Hour Security
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,938

Year Built

Built in 1974 | Remodeled

Lot Details

0

HOA Fees

$570 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Appliances, fountain on patio
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated with Attendant, Carbon Monoxide Detector(s), Gated with Guard, Smoke Detector(s)
  • View: Yes
  • Zoning: RERPD6U*
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589009006
  • Year Built: 1974
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1833.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Open Floorplan, Recessed Lighting, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Accessibility Features: Low Pile Carpeting
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Double Door Entry, Mirror Closet Door(s), Sliding Doors
  • Eating Area: Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 714.68
  • Room Type: All Bedrooms Up
  • Spa Features: Association
  • Window Features: Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Bath(s), Linen Closet/Storage, Privacy Toilet Door
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • View: City Lights, Mountain(s)
  • Fence: No
  • Patio And Porch Features: Patio, Patio Open, Tile
  • Pool Features: Association
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, Guest, Private
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Gas Range, Microwave
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Kitchen, Washer Included
  • 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, Pet Rules, Guard
  • Association Fee: 570.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces HOA
  • Phone: 310-541-5292
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Park, Suburban
  • Association Management: The Terraces

Schools

  • Elementary School: Soleado
  • High School: Palos Verdes Peninsula
  • Middle Or Junior School: Ridgecrest
  • Elementary School #2: SOLEAD
  • High School2: PAVEPE

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 2102.00
  • Lot Size Acres: 0.0483

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2102.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 368

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 6
  • Tax Tract Number: 30654
  • TaxOtherAnnualAssessmentAmount: 483.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Nov 26, 2024
Sold by
2006 Linda V Duffy Revocable Trust and Duffy Linda V
Bought by
Yang Jianqiu and Chen Ranran
Seller's Agent
Cameron Stearns
Compass
Buyer's Agent
Liugen Gao
Keller Williams Palos Verdes
List Price
$1,349,000
Sold Price
$1,310,000
Premium/Discount to List
-$39,000
-2.89%
Views
60
Current Estimated Value
$1,299,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,929
Avg. Annual Appreciation
-0.97%
Original Mortgage
$1,048,000
Outstanding Balance
$1,036,772
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$262,299

Purchase Details

Closed on
May 3, 2006
Sold by
Duffy Linda V
Bought by
Duffy Linda

Purchase Details

Closed on
Feb 28, 2002
Sold by
Safai Maryam
Bought by
Duffy Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 1999
Sold by
Safai Shahram
Bought by
Safai Maryam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,400
Interest Rate
7.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 1999
Sold by
Noguchi Naoki
Bought by
Safai Maryam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,400
Interest Rate
7.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 1998
Sold by
Racht Gerald E
Bought by
Noguchi Naoki and Noguchi Miharu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,310,000 Consumers Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $517,000 Equity Title
Interfamily Deed Transfer -- Fidelity Title
Grant Deed $413,000 Fidelity Title
Grant Deed $417,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,048,000 New Conventional
Previous Owner $300,700 Purchase Money Mortgage
Previous Owner $330,400 Purchase Money Mortgage
Previous Owner $155,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2024 12/20/24 Sold $1,310,000 -2.9% $715 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
11/07/2024 11/07/24 For Sale $1,349,000 +3.0% $736 / Sq Ft
10/31/2024 10/31/24 Off Market $1,310,000 -- --
09/24/2024 09/24/24 For Sale $1,395,000 -- $761 / 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 $3,938 $1,310,000 $931,400 $378,600
2024 $3,938 $326,502 $128,425 $198,077
2023 $3,888 $320,101 $125,907 $194,194
2022 $3,703 $313,826 $123,439 $190,387
2021 $3,686 $307,673 $121,019 $186,654
2020 $3,638 $304,520 $119,779 $184,741
2019 $3,531 $298,550 $117,431 $181,119
2018 $3,919 $292,697 $115,129 $177,568
2016 $3,696 $281,333 $110,659 $170,674
2015 $3,656 $277,108 $108,997 $168,111
2014 $3,616 $271,680 $106,862 $164,818
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV24191706

California Regional Multiple Listing Service (CRMLS)

APN: 7589-009-006