NOT LISTED FOR SALE

Estimated Value: $1,440,000 - $1,545,615

3 Beds
3 Baths
2,184 Sq Ft
$688/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $1,400,000 $641 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,409/month

2 Days on Market

Highlights

  • City Lights View
  • Clubhouse
  • Property is near a park
  • Soleado Elementary Rated A+
  • Deck
  • Wood Flooring

About This Home

As of June 2023

Can't miss! One of the very best locations in hilltop "The Terraces” with panoramic east to west views! Walk through a private gated entry into beautifully designed glass doors to jaw-dropping unobstructed city views that become the backdrop of every room. Foyer flows into exceptional living room with high ceilings and luxurious fireplace. Take note of views that are carried inside or step outside to lounge while enjoying city nights on the spacious, partially covered deck. Savor meals in the formal dining area or in the sunny breakfast nook, which open to deck. Flawless, bright kitchen remodeled a few years ago enjoys custom wood cabinetry and silstone countertops. Grand, light filled master suite features walk-out balcony with amazing unobstructed views and separate sitting area perfect for work or relaxing. Updated, spa-like master bath and 2 walk-in closets. Additional bedroom with views and walk-out patios. The Terraces is a 24 hour security guard protected community with park-like grounds, a playground, clubhouse, swimming pools with spas, and tennis courts. Don't miss out on this notable home!

Last Agent to Sell the Property

Young Lee

Keller Williams Palos Verdes License #00667613 Listed on: 05/13/2023

Keller Williams Palos Verdes

Last Buyer's Agent

Liugen Gao

Keller Williams Palos Verdes License #02127024

Keller Williams Palos Verdes

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $16,479

Year Built

  • Built in 1975

Lot Details

  • 1,960 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Planned Development

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Family Room
  • Living Room with Fireplace
  • Living Room Balcony
  • Wood Flooring
  • City Lights Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Range Hood
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Outdoor Features

  • Deck
  • Patio
  • Rear Porch

Additional Features

  • Property is near a park
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 27016
  • Assessor Parcel Number 7589011039
  • $997 per year additional tax assessments

Community Details

Overview

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

Amenities

  • Clubhouse
  • Meeting Room

Recreation

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

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$16,479

Year Built

Built in 1975

Lot Details

0

HOA Fees

$600 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589011039
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2184.00 Square Feet
  • Interior Amenities: Granite Counters, Living Room Balcony, Recessed Lighting
  • Stories: 2
  • Entry Location: front door
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 641.03
  • Room Type: Family Room, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Patio And Porch Features: Deck, Rear Porch
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Range Hood, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • 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, Meeting Room
  • Association Fee: 600.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terrace HOA
  • Phone: 310-541-5292
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks
  • Association Management: The Terrace

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 1960.20
  • Lot Size Acres: 0.0450

Multi Family

  • Lease Considered: No
  • Lot Size Area: 0.0450 Acres
  • Number Of Units In Community: 368
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 39
  • Tax Tract Number: 27016
  • TaxOtherAnnualAssessmentAmount: 996.57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2023
Closed on
May 10, 2023
Sold by
Byung S Kang And Keum Ja Kang Revocable
Bought by
Luo Wen-Ben and Wang Yalin
Seller's Agent
Young Lee
Keller Williams Palos Verdes
Buyer's Agent
Liugen Gao
Keller Williams Palos Verdes
List Price
$1,380,000
Sold Price
$1,400,000
Premium/Discount to List
$20,000
1.45%
Total Days on Market
2
Views
88
Current Estimated Value
$1,502,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,904
Avg. Annual Appreciation
3.68%
Original Mortgage
$350,000
Outstanding Balance
$320,206
Interest Rate
5.76%
Mortgage Type
New Conventional
Estimated Equity
$1,182,698

Purchase Details

Closed on
May 10, 2016
Sold by
Kang Byung S
Bought by
Byung S Kang & Keum Ja Kang Revocable Li

Purchase Details

Listed on
Nov 3, 2014
Closed on
Apr 13, 2015
Sold by
Cho Sung Dae
Bought by
Kang Byung S and Kang Keum J
Seller's Agent
Young Lee
Keller Williams Palos Verdes
Buyer's Agent
Young Lee
Keller Williams Palos Verdes
List Price
$999,000
Sold Price
$900,000
Premium/Discount to List
-$99,000
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$400,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2011
Sold by
Bergquist Erik R
Bought by
Cho Sung Dae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 20, 2011
Sold by
Park Tae Bun
Bought by
Cho Sung Dae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 20, 2004
Sold by
Bergquist Zoe T
Bought by
Hinsche Jack E and Bergquist Erik R

Purchase Details

Closed on
Aug 11, 1998
Sold by
Bergquist Zoe T
Bought by
Bergquist Zoe T

Purchase Details

Closed on
Dec 23, 1993
Sold by
Bergquist Zoe T
Bought by
Bergquist Henry R and Bergquist Zoe T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,500
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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
Luo Wen-Ben $1,400,000 Lawyers Title
Byung S Kang & Keum Ja Kang Revocable Li -- None Available
Kang Byung S $900,000 Title 365
Cho Sung Dae $787,000 Progressive Title Company
Cho Sung Dae -- Progressive Title Co
Hinsche Jack E -- --
Bergquist Zoe T -- --
Bergquist Henry R -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luo Wen-Ben $350,000
Previous Owner Kang Byung S $228,000
Previous Owner Kang Byung S $400,000
Previous Owner Cho Sung Dae $400,000
Previous Owner Bergquist Henry R $165,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $1,400,000 +1.4% $641 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/13/2023 05/13/23 For Sale $1,380,000 +53.3% $632 / Sq Ft
04/23/2015 04/23/15 Sold $900,000 -7.1% $412 / Sq Ft
12/10/2014 12/10/14 Pending -- -- --
12/04/2014 12/04/14 Price Changed $969,000 -3.0% $444 / Sq Ft
11/03/2014 11/03/14 For Sale $999,000 -- $457 / 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 $16,479 $1,428,000 $969,714 $458,286
2023 $12,380 $1,039,656 $656,486 $383,170
2022 $11,711 $1,019,271 $643,614 $375,657
2021 $11,660 $999,287 $630,995 $368,292
2020 $11,496 $989,041 $624,525 $364,516
2019 $11,151 $969,649 $612,280 $357,369
2018 $11,077 $950,637 $600,275 $350,362
2016 $10,506 $913,724 $576,966 $336,758
2015 $9,673 $838,943 $535,346 $303,597
2014 $9,540 $822,510 $524,860 $297,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23082998

California Regional Multiple Listing Service (CRMLS)

APN: 7589-011-039