NOT LISTED FOR SALE

Estimated Value: $1,231,000 - $1,308,000

3 Beds
2 Baths
1,590 Sq Ft
$797/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $1,280,000 $805 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,318/month

15 Days on Market

Highlights

  • In Ground Spa
  • City Lights View
  • Clubhouse
  • Soleado Elementary Rated A+
  • Updated Kitchen
  • Property is near a clubhouse

About This Home

As of June 2024

Exceptionally elegant, luxurious one-level townhome with an amazing view over Los Angeles in the exclusive 24/7 gated community of the Terraces. This beautiful cozy and quiet home is located in the prominent Palos Verdes Hillside. The home is exquisitely remodeled and equipped with, recessed lighting, and hardwood flooring throughout. Enjoy evenings in the spacious living room with a cozy fireplace and a great view of city lights. A formal dining area adjacent to the beautifully remodeled kitchen. There's a separate laundry room. The new owner will benefit from the many upgrades that include a newer AC/Furnace, interior re-piping, a tankless water heater, a water softener for the entire home, a newer garage roof, and proxy flooring. This showcase property sits on lush green hills with exclusive access to an array of amenities: including a community park, a clubhouse, 5 pools, tennis courts, and a nearby golf course. This beautiful 3-bedroom/2-bathroom home is in the best location within the Terraces community, with a private balcony and an amazing cityscape view. It's the perfect place to enjoy the sunset in the peaceful city of Palos Verdes. Conveniently located above the Peninsula Center Mall & Promenade Shopping, Norris Theatre, Libraries, nearby beaches, restaurants, shops, and LAX. Palos Verdes is a beautiful, peaceful, and quiet city known for one of the highest quality of living and it is ultimately a great place to raise a family or round out your years in retirement.

Last Agent to Sell the Property

Tooba Malikyar

Keller Williams Palos Verdes Brokerage Phone: 310-408-7547 License #01941139 Listed on: 04/27/2024

Keller Williams Palos Verdes

Last Buyer's Agent

Stephen Huang

Home Team Realty License #01849115

Home Team Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,948

Year Built

  • Built in 1975

Lot Details

  • 2,236 Sq Ft Lot
  • No Common Walls

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Turnkey
  • Planned Development

Interior Spaces

  • 1,590 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Drapes & Rods
  • Entryway
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • City Lights Views

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • <<microwave>>
  • Dishwasher
  • Granite Countertops
  • Self-Closing Cabinet Doors

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • <<tubWithShowerToken>>
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Spa
  • Deck
  • Patio
  • Exterior Lighting

Location

  • Property is near a clubhouse

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 42
  • Tax Tract Number 27016
  • Assessor Parcel Number 7589011042
  • $994 per year additional tax assessments

Community Details

Overview

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

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Park
  • Hiking Trails

Additional Features

  • Clubhouse
  • Security Guard

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,948

Year Built

Built in 1975

Lot Details

0

HOA Fees

$570 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: All appliances.
  • Property Attached: No
  • View: Yes
  • Zoning: RERPD6U*
  • Property Condition: Turnkey
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589011042
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1590.00 Square Feet
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Area, Separated
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 805.03
  • Room Type: All Bedrooms Down, Entry, Kitchen, Laundry, Living Room, Main Floor Primary Bedroom, Primary Bathroom, Walk-In Closet
  • Spa Features: Community, In Ground
  • Window Features: Double Pane Windows, Drapes
  • Bathroom Features: Shower, Shower In Tub, Exhaust Fan(s), Granite Counters
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen, Self-Closing Cabinet Doors

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Patio And Porch Features: Deck
  • Pool Features: Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Microwave, Range Hood, Refrigerator, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, 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, Hiking Trails, Clubhouse, Maintenance Grounds, Guard
  • Association Fee: 570.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: 310-541-5292
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Park, Street Lights
  • Association Management: The Terraces

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Close to Clubhouse
  • Lot Size Sq Ft: 2236.00
  • Lot Size Acres: 0.0513
  • Latitude Manual: 33.77011200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2236.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 42
  • Tax Tract Number: 27016
  • TaxOtherAnnualAssessmentAmount: 994.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2024
Closed on
Jun 7, 2024
Sold by
Yoo Hee Yeon
Bought by
Okada Revocable Trust and Okada
Seller's Agent
Tooba Malikyar
Keller Williams Palos Verdes
Buyer's Agent
Stephen Huang
Home Team Realty
List Price
$1,280,000
Sold Price
$1,280,000
Views
36
Current Estimated Value
$1,267,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,139
Avg. Annual Appreciation
-0.89%

Purchase Details

Closed on
Sep 22, 2010
Sold by
Sullivan Alicia G
Bought by
Yoo Hee Yeon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2008
Sold by
Gee Bernice
Bought by
Gee Bernice

Purchase Details

Closed on
Mar 15, 1996
Sold by
Gee Shi Ming
Bought by
Gee Shi Ming and Gee Bernice
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
Okada Revocable Trust $1,280,000 Provident Title Company
Yoo Hee Yeon $590,000 Progressive Title Company
Gee Bernice -- None Available
Gee Shi Ming -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yoo Hee Yeon $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $1,280,000 0.0% $805 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
04/27/2024 04/27/24 For Sale $1,280,000 -- $805 / 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
2024 $8,948 $741,057 $449,660 $291,397
2023 $8,819 $726,528 $440,844 $285,684
2022 $8,382 $712,283 $432,200 $280,083
2021 $8,337 $698,318 $423,726 $274,592
2020 $8,218 $691,159 $419,382 $271,777
2019 $7,975 $677,608 $411,159 $266,449
2018 $7,895 $664,323 $403,098 $261,225
2016 $7,482 $638,529 $387,447 $251,082
2015 $7,405 $628,939 $381,628 $247,311
2014 $7,306 $616,620 $374,153 $242,467
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV24073431

California Regional Multiple Listing Service (CRMLS)

APN: 7589-011-042