NOT LISTED FOR SALE

Ocean Plaza 531 Esplanade Unit 501 Redondo Beach, CA 90277

Estimated Value: $1,271,000 - $2,027,000

2 Beds
3 Baths
1,434 Sq Ft
$1,147/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $1,311,375 $914 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $11,017/month

About This Home

As of September 2021

Discover your new lifestyle and live like you’re on vacation everyday in this stylish contemporary condo offering coastal living with modern amenities and exquisite details. The open concept with well appointed materials allows you to take advantage of the natural light and breathtaking views. The custom renovated island kitchen is the focal point of the home with quartzite counters, full backsplash, upgraded cabinetry, range hood and beautiful matte black appliances. Large sliding doors off the main living area open up to your private balcony perfect for grilling and enjoying year round al fresco living with the sounds of the waves crashing. Upstairs primary suite has floor to ceiling windows to capture more ocean vistas, marble flooring and is equipped with two built-in work stations perfectly suited for the working professional or the creative artist. The upgraded primary suite bath features a modern vanity with glass counter top, glass tile backsplash, marble shower with tile inlays and a frameless glass shower door. The large secondary bedroom with floor to ceiling windows offers tons of natural light, city lights view at night and features a separate built in work station and a large walk in closet. The upstairs hall bath is fitted with more custom tile work, a floating modern vanity with illuminated counter top and frameless shower door. Other noteworthy features include wood look tile flooring throughout, custom tile work on staircase, glass tile accent walls and mirrored closets in both downstairs and upstairs halls for extra storage. Ocean Plaza Amenities include welcome lobby, gym, sauna, swimming pool, spa tub, clubhouse, direct beach access, 2 car tandem garage w/ storage, laundry facilities and controlled entry offering residents convenience, privacy and security. Walking distance to the pier, restaurants, shops, Rivera Village and all Redondo Beach has to offer.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2022
Sold by
Bernardine Senior Associates Lp
Bought by
Perley Trust
Current Estimated Value
$1,644,161

Purchase Details

Listed on
Jul 8, 2021
Closed on
Jul 23, 2021
Sold by
Romesburg Stephanie R Shenk
Bought by
Bernadine Senior Associates Lp
Seller's Agent
Lacee Nicewarner
Coldwell Banker Assoc Brkr-SC
Buyer's Agent
James Perley
Western America Properties
List Price
$1,295,000
Sold Price
$1,311,375
Premium/Discount to List
$16,375
1.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.32%
Original Mortgage
$807,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2017
Sold by
Riess Karen J
Bought by
Romesburg Stephanie R Shenk

Purchase Details

Closed on
Oct 19, 2001
Sold by
Shenk Mildred L
Bought by
Shenk Mildred L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,600
Interest Rate
6.87%

Purchase Details

Closed on
Jan 7, 1999
Sold by
Shenk Mildred L
Bought by
Shenk Mildred L and Shenk Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.66%

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Perley Trust -- First American Title Company O
Bernadine Senior Associates Lp $1,311,500 First American Title Company
Romesburg Stephanie R Shenk $559,500 First American Title Company
Shenk Mildred L -- Fidelity National Title Ins
Shenk Mildred L -- Fidelity Title
Shenk Mildred L -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bernadine Senior Associates Lp $807,000
Previous Owner Bernadine Senior Associates Lp $807,000
Previous Owner Shenk Mildred L $273,000
Previous Owner Shenk Mildred L $252,500
Previous Owner Shenk Mildred L $237,000
Previous Owner Shenk Mildred L $233,600
Previous Owner Shenk Mildred L $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2024 02/13/24 Rented $5,500 0.0% --
02/02/2024 02/02/24 Under Contract -- -- --
11/28/2023 11/28/23 For Rent $5,500 +5.8% --
12/14/2022 12/14/22 Rented $5,200 0.0% --
12/05/2022 12/05/22 For Rent $5,200 0.0% --
11/25/2021 11/25/21 Rented $5,200 0.0% --
11/02/2021 11/02/21 For Rent $5,200 0.0% --
10/16/2021 10/16/21 Off Market $5,200 -- --
10/05/2021 10/05/21 For Rent $5,200 0.0% --
09/10/2021 09/10/21 Sold $1,311,375 +1.3% $914 / Sq Ft
07/10/2021 07/10/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $1,295,000 -- $903 / Sq Ft

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 $15,328 $1,364,379 $1,036,862 $327,517
2023 $15,042 $1,337,628 $1,016,532 $321,096
2022 $14,840 $1,311,400 $996,600 $314,800
2021 $14,976 $1,333,816 $401,002 $932,814
2020 $14,998 $1,320,141 $396,891 $923,250
2019 $14,682 $1,294,257 $389,109 $905,148
2018 $15,605 $1,268,880 $381,480 $887,400
2016 $3,207 $253,695 $124,312 $129,383
2015 $3,152 $249,885 $122,445 $127,440
2014 $3,119 $244,991 $120,047 $124,944
Source: Public Records

Agents Affiliated with this Home

  • Molly Hobin Williams

    Seller's Agent in 2024

    Molly Hobin Williams

    Bayside

    (310) 925-2529

    1 in this area

    79 Total Sales

    Molly Hobin Williams
    Section Image
  • Jillian Ostick

    Seller Co-Listing Agent in 2024

    Jillian Ostick

    Bayside

    (310) 318-1212

    6 Total Sales

    Jillian Ostick
    Section Image
  • Lucy Salem

    Buyer's Agent in 2022

    Lucy Salem

    Compass

    (913) 526-0591

    1 in this area

    18 Total Sales

    Lucy Salem
    Section Image
  • Lacee Nicewarner

    Seller's Agent in 2021

    Lacee Nicewarner

    Coldwell Banker Assoc Brkr-SC

    (949) 697-2563

    1 in this area

    25 Total Sales

    Lacee Nicewarner
    Section Image
  • Lily Liang

    Buyer's Agent in 2021

    Lily Liang

    Strand Hill Properties

    (310) 373-3333

    2 in this area

    38 Total Sales

    Lily Liang
    Section Image

  • J

    Buyer's Agent in 2021

    James Perley

    Western America Properties

See All Agents

About Ocean Plaza

Map

California Los Angeles County Redondo Beach 90277

531 Esplanade Unit 501, Redondo Beach, CA

Homes for Sale in Redondo Beach, CA

This home is located at 531 Esplanade Unit 501, Redondo Beach, CA 90277 and is currently estimated at $1,644,161, approximately $1,146 per square foot. 531 Esplanade Unit 501 is a home located in Los Angeles County with nearby schools including Alta Vista Elementary School, Parras (Nick G.) Middle School, and Redondo Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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