NOT LISTED FOR SALE

Estimated Value: $1,431,000 - $1,515,000

3 Beds
3 Baths
2,184 Sq Ft
$678/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $1,300,000 $595 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,210/month

3 Days on Market

Highlights

  • Gated with Attendant
  • Primary Bedroom Suite
  • Clubhouse
  • Soleado Elementary Rated A+
  • City Lights View
  • Main Floor Bedroom

About This Home

As of April 2022

VIEW, VIEW, VIEW, Wonderful location in one of the most sought after complexes "THE TERRACES" 3 bedroom 2 full baths and a 3/4 bath.
Large balcony to enjoy the view and location. It has a bright and open floor plan. Formal dining or a great family room.
Oversized master bedroom with 2 walk in closets. Private patio's off each bedroom down stairs with OUTSTANDING views. Laundry room inside downstairs.
This home was completely remolded some years ago but the new owner may want to update to their own liking. The beautiful views are from almost every room. The 2nd bedroom downstairs has a Murphy Bed behind the closed doors. Makes great office with built in bed. These two bedrooms down stairs are VIEW, VIEW, VIEW

Last Agent to Sell the Property

Marilyn Cristiano Budde

Estate Properties License #00580324 Listed on: 02/24/2022

Estate Properties

Last Buyer's Agent

Tuba Ghannadi

Estate Properties License #00922882

Estate Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $15,585

Year Built

  • Built in 1975

Lot Details

  • 1,919 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • City Lights
  • Woods
  • Mountain
  • Neighborhood

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Recessed Lighting
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Utility Room
  • Carpet

Kitchen

  • Eat-In Kitchen
  • Built-In Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony

Utilities

  • Central Heating
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 27016
  • Assessor Parcel Number 7589011038

Community Details

Overview

  • 365 Units
  • Terraces Homeoowners Association, Phone Number (310) 541-5292
  • Terraces Homeowners Association

Amenities

  • Clubhouse

Recreation

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

Pet Policy

  • Pet Restriction

Security

  • Gated with Attendant
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$15,585

Year Built

Built in 1975

Lot Details

0

HOA Fees

$600 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Gated with Attendant, Smoke Detector(s)
  • Subdivision Name Other: The Terraces
  • View: Yes
  • Zoning: RERPD6U*
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589011038
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2184.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Pantry, Recessed Lighting
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 595.24
  • Room Type: Entry, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite, Utility Room, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Separate Tub And Shower
  • Room Kitchen Features: Granite Counters

Exterior Features

  • View: City Lights, Mountain(s), Neighborhood, Trees/Woods
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Range, Electric Cooktop, Disposal, Gas Water Heater, Microwave
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground, Tennis Court(s), Clubhouse, Pet Rules
  • Association Fee: 600.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces Homeoowners Association
  • Phone: 310-541-5292
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Storm Drains
  • Association Management: Terraces Homeowners association

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Size Sq Ft: 1919.00
  • Lot Size Acres: 0.0441

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1919.0000 Square Feet
  • Number Of Units In Community: 365
  • Number Of Units Total: 368

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 38
  • Tax Tract Number: 27016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
Mar 9, 2022
Sold by
Fasola Family Trust
Bought by
Amin Fahim and Amin Nida
Seller's Agent
Marilyn Cristiano Budde
Estate Properties
Buyer's Agent
Tuba Ghannadi
Estate Properties
List Price
$1,199,000
Sold Price
$1,300,000
Premium/Discount to List
$101,000
8.42%
Total Days on Market
3
Current Estimated Value
$1,480,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,614
Avg. Annual Appreciation
3.95%
Original Mortgage
$1,000,000
Outstanding Balance
$941,115
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$529,359

Purchase Details

Closed on
Sep 15, 1995
Sold by
Fasola Nicholas A and Fasola Mary M
Bought by
Fasola Nicholas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
7.92%
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
Amin Fahim $1,300,000 Progressive Title
Fasola Nicholas A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amin Fahim $1,000,000
Previous Owner Fasola Nicholas A $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $1,300,000 +8.4% $595 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $1,199,000 -- $549 / 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 $15,585 $1,352,519 $902,651 $449,868
2023 $15,366 $1,326,000 $884,952 $441,048
2022 $4,181 $310,187 $139,525 $170,662
2021 $4,135 $304,106 $136,790 $167,316
2020 $4,074 $300,989 $135,388 $165,601
2019 $3,963 $295,088 $132,734 $162,354
2018 $3,903 $289,303 $130,132 $159,171
2016 $3,677 $278,071 $125,080 $152,991
2015 $3,636 $273,895 $123,202 $150,693
2014 $3,597 $268,531 $120,789 $147,742
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV22035697

California Regional Multiple Listing Service (CRMLS)

APN: 7589-011-038