$1,311,375
SOLD SEP 10, 2021

Ocean Plaza 531 Esplanade Unit 501 Redondo Beach, CA 90277

2 Beds
2.5 Baths
1,434 Sq Ft
$625/mo HOA Fee

Recently Sold

$914 Per Sq Ft

1% Above List Price

2 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Fitness Center
  • Alta Vista Elementary School Rated A+
  • Property has ocean access
  • Spa

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. Located walking distance to the pier, restaurants, shops, Rivera Village and all Redondo Beach has to offer.

Last Agent to Sell the Property

Lacee Nicewarner

Allison James Estates & Homes License #01293370 Listed on: 07/08/2021

Allison James Estates & Homes

Last Buyer's Agent

James Perley

Western America Properties License #00588205

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,328

Year Built

  • Built in 1974

Lot Details

  • Beach Front
  • 1 Common Wall

HOA Fees

  • $625 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Parking Available
  • Tandem Covered Parking

Property Views

  • Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic

Interior Spaces

  • 1,434 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Sliding Doors
  • Laundry Room

Kitchen

  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite

Outdoor Features

  • Spa
  • Property has ocean access
  • Balcony

Schools

  • Redondo Union High School

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 30930
  • Assessor Parcel Number 7508027033

Community Details

Overview

  • 80 Units
  • Ocean Plaza Association, Phone Number (310) 325-1110
  • Cammarata Management HOA

Amenities

  • Recreation Room
  • Laundry Facilities

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,328

Year Built

Built in 1974

Lot Details

0

HOA Fees

$625 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Resident Manager
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7508027033
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1434.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s), Open Floorplan, Recessed Lighting, Stone Counters
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 914.49
  • Room Type: All Bedrooms Up, Master Suite
  • Spa Features: Community

Exterior Features

  • View: Catalina, Coastline, Ocean, Panoramic, Pier
  • Fence: No
  • Pool Features: Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Subterranean, Tandem Covered
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Disposal, Microwave, Range Hood
  • Heating Type: Radiant
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Gym/Ex Room, Recreation Room, Controlled Access
  • Association Fee: 625.00
  • Association Fee Frequency: Monthly
  • Association Name: Ocean Plaza
  • Phone: 3103251110
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: Cammarata Management

Schools

  • School District: Redondo Unified
  • High School: Redondo Union
  • High School: Redondo Union
  • High School2: REDUNI

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 24169.00
  • Lot Size Acres: 0.5548
  • Latitude Manual: 33.83527700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 24169.0000 Square Feet
  • Number Of Units In Community: 80
  • Number Of Units Total: 80
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 30930

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 and Perley Discretionary Trust
Current Estimated Value
$1,672,671

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
Allison James Estates & Homes
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
6.26%
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%
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 Type Sale Price Title Company
Grant Deed -- First American Title Company O
Grant Deed $1,311,500 First American Title Company O
Grant Deed $559,500 First American Title Company
Interfamily Deed Transfer -- Fidelity National Title Ins
Interfamily Deed Transfer -- Fidelity Title
Interfamily Deed Transfer -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $807,000 Commercial
Previous Owner $807,000 New Conventional
Previous Owner $273,000 Unknown
Previous Owner $252,500 Unknown
Previous Owner $237,000 Unknown
Previous Owner $233,600 No Value Available
Previous Owner $230,000 No Value Available
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
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 $15,328 $1,391,666 $1,057,599 $334,067
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21140273

California Regional Multiple Listing Service (CRMLS)

APN: 7508-027-033