NOT LISTED FOR SALE

Estimated Value: $1,526,000 - $1,750,000

3 Beds
3 Baths
2,184 Sq Ft
$732/Sq Ft Est. Value

Last Sold September 05, 2017

Last sale price $1,120,000 $513 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $10,439/month

6 Days on Market

Highlights

  • Coastline Views
  • 24-Hour Security
  • Primary Bedroom Suite
  • Soleado Elementary Rated A+
  • Filtered Pool
  • Open Floorplan

About This Home

As of September 2017

Breathtaking Luxury - perhaps the most beautiful townhome on the Palos Verdes Peninsula! Graced with elegant architectural detail and panoramic city and coastal views, this 3 bedroom(one is now being used as a family room/library office) 3 bath 2,184 sq. ft. end unit is simply stunning. Many special places - inside and outside - to be comfortable, to entertain, and to luxuriate. The gracious open floor plan accommodates a sit down dinner for a crowd. Enjoy outdoor view living at its best on the expanded deck. Enjoy tranquil vistas of the city and large grassy lawn and flower and vegetable garden on lower level tiled patios. The appointments are exquisite - the entry is enchanting with brick pathway and overhead trellis. Walls of fine cabinetry, diamond patterned wood floors, stained and beveled leaded glass windows, coffered ceilings, wainscoting, extensive use of travertine, granite and marble, Wolf & Miele kitchen appliances, cedar lined closets, wine storage, and central air. In premier 24-hr guard gated "Terraces" community with acres of landscaped greenbelts, pools, spas, tennis courts, and children's play area. Close to shopping, parks, walking trails, restaurants, theaters, and award winning schools. It just doesn't get any better.

Last Agent to Sell the Property

Cindy Chew

Estate Properties License #00868304 Listed on: 07/27/2017

Estate Properties

Last Buyer's Agent

Kevin Moen

Estate Properties License #01014808

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $14,536

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 2,054 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Landscaped
  • Sprinklers on Timer
  • Private Yard
  • Lawn
  • Garden
  • Back Yard

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener

Property Views

  • Coastline
  • Harbor
  • Panoramic
  • City Lights
  • Woods
  • Hills
  • Park or Greenbelt

Home Design

  • Tile Roof
  • Copper Plumbing

Interior Spaces

  • 2,184 Sq Ft Home
  • Open Floorplan
  • Dry Bar
  • Crown Molding
  • Wainscoting
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Drapes & Rods
  • Stained Glass
  • Formal Entry
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Combination Dining and Living Room
  • Home Office
  • Bonus Room
  • Storage

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • <<builtInRangeToken>>
  • <<microwave>>
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Converted Bedroom
  • Walk-In Closet
  • Dressing Area
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Pool

  • Filtered Pool
  • Spa

Outdoor Features

  • Tile Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Water Purifier
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 6704
  • Assessor Parcel Number 7589010046

Community Details

Overview

  • Terraces Association

Recreation

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

Additional Features

  • Clubhouse
  • 24-Hour Security

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$14,536

Year Built

Built in 1974 | Remodeled

Lot Details

0

HOA Fees

$400 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated with Guard
  • View: Yes
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589010046
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2184.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Copper Plumbing Full, Crown Molding, Dry Bar, Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Storage, Wainscoting
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: In Kitchen, In Living Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 512.82
  • Room Type: Bonus Room, Converted Bedroom, Dressing Area, Entry, Family Room, Formal Entry, Great Room, Living Room, Master Suite, Office, Walk-In Closet, Walk-In Pantry
  • Spa Features: Association
  • Window Features: Double Pane Windows, Drapes, Stained Glass

Exterior Features

  • Patio: Yes
  • View: City Lights, Coastline, Harbor, Hills, Panoramic, Park/Greenbelt, Trees/Woods
  • Patio And Porch Features: Patio, Tile
  • Pool Features: Association, Filtered, Heated
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Microwave, Refrigerator, Water Purifier
  • Heating Type: Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground, Tennis Court(s), Clubhouse
  • Association Fee: 400.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces
  • Phone: unknown
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Garden, Landscaped, Lawn, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 2054.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 46
  • Tax Tract Number: 6704

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2017
Closed on
Aug 7, 2017
Sold by
Morse Brian Jeffrey
Bought by
Iskikian John A and Iskikian Kerry Schulz
Seller's Agent
Cindy Chew
Estate Properties
Buyer's Agent
Kevin Moen
Estate Properties
List Price
$1,100,000
Sold Price
$1,120,000
Premium/Discount to List
$20,000
1.82%
Current Estimated Value
$1,598,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,490
Avg. Annual Appreciation
4.63%

Purchase Details

Closed on
Jun 24, 2016
Sold by
Morse Brian J
Bought by
Morse 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
$321,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2014
Sold by
Morse Brian J
Bought by
Morse Family Trust

Purchase Details

Listed on
Sep 21, 2013
Closed on
Nov 4, 2013
Sold by
Finer William A
Bought by
Morse Brian J and Morse Elizabeth A
Seller's Agent
Kathy Trutanich
Estate Properties
Buyer's Agent
Cindy Chew
Estate Properties
List Price
$1,150,000
Sold Price
$990,000
Premium/Discount to List
-$160,000
-13.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$365,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2006
Sold by
Genovese John M
Bought by
Finer William A and Smith Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,000
Interest Rate
6.66%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 10, 2005
Sold by
Genovese John
Bought by
Genovese John M and Genovese Barbara M

Purchase Details

Closed on
Jun 22, 2004
Sold by
Rah Andrew
Bought by
Genovese John and Genovese Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 20, 2002
Sold by
Motia Sadreddin
Bought by
Motia Sadreddin and Motia Farideh

Purchase Details

Closed on
Sep 20, 2002
Sold by
Magrath Joseph L
Bought by
Motia Sadreddin and Motia Farideh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,750
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 1997
Sold by
Putnam Woodrow G
Bought by
Magrath Md Joseph L and Magrath Dorothy Hayes
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
Iskikian John A $1,120,000 Lawyers Title
Morse Family Trust -- Progressive
Morse Brian J -- Progressive
Morse Family Trust -- None Available
Morse Brian J $990,000 Progressive
Finer William A $1,100,000 Lawyers Title Company
Genovese John M -- --
Genovese John $820,000 Lawyers Title
Motia Sadreddin -- Equity Title Company
Motia Sadreddin $665,000 Equity Title Company
Magrath Md Joseph L $425,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morse Brian J $321,000
Previous Owner Morse Brian J $365,000
Previous Owner Finer William A $386,400
Previous Owner Finer William A $417,000
Previous Owner Finer William A $463,000
Previous Owner Finer William A $417,000
Previous Owner Genovese John $540,000
Previous Owner Motia Sadreddin $498,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2017 09/05/17 Sold $1,120,000 +1.8% $513 / Sq Ft
07/27/2017 07/27/17 For Sale $1,100,000 +11.1% $504 / Sq Ft
12/03/2013 12/03/13 Sold $990,000 -13.9% $453 / Sq Ft
10/31/2013 10/31/13 Pending -- -- --
09/21/2013 09/21/13 For Sale $1,150,000 -- $527 / 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 $14,536 $1,249,376 $875,010 $374,366
2023 $14,333 $1,224,879 $857,853 $367,026
2022 $13,608 $1,200,863 $841,033 $359,830
2021 $13,555 $1,177,318 $824,543 $352,775
2020 $13,365 $1,165,247 $816,089 $349,158
2019 $12,961 $1,142,400 $800,088 $342,312
2018 $12,886 $1,120,000 $784,400 $335,600
2016 $11,681 $1,025,179 $409,036 $616,143
2015 $11,563 $1,009,780 $402,892 $606,888
2014 $11,401 $990,000 $395,000 $595,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17173124

California Regional Multiple Listing Service (CRMLS)

APN: 7589-010-046