NOT LISTED FOR SALE

Estimated Value: $1,330,000 - $2,070,000

4 Beds
3 Baths
2,184 Sq Ft
$704/Sq Ft Est. Value

Last Sold December 20, 2022

Last sale price $1,100,000 $504 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $10,070/month

82 Days on Market

Highlights

  • Gated with Attendant
  • In Ground Pool
  • Contemporary Architecture
  • Soleado Elementary Rated A+
  • City Lights View
  • Living Room with Attached Deck

About This Home

As of December 2022

Rare 4 BR + 3 BA at The Terraces, a guard gated community on the beautiful Palos Verdes Peninsula. Sweeping city views from this spectacular end unit with private garage and driveway making it feel like a private home. Living room opens to large deck with city view. Huge primary suite with dual closets opens to patio with views. Split level floor plan is one of the largest in the complex at 2,184 SF per assessor. This private community features pools, tennis courts, playground, pathways. Newer roof, deck, furnace and water heater. Exterior of the building has recently been repainted by the HOA. Palos Verdes Schools offer highly desired public instruction K-12.

Last Agent to Sell the Property

Paul Kellogg

Coldwell Banker Realty License #01212345 Listed on: 09/07/2022

Coldwell Banker Realty

Co-Listed By

Pamela Dougherty

Coldwell Banker Realty License #01911670

Last Buyer's Agent

Liugen Gao

Keller Williams Palos Verdes License #02127024

Keller Williams Palos Verdes

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $13,079

Year Built

  • Built in 1974

Lot Details

  • 2,098

HOA Fees

  • $600 Monthly HOA Fees

Property Views

  • City Lights
  • Hills

Home Design

  • Contemporary Architecture
  • Split Level Home

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Area

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Open Patio
  • 2,098 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 7589-008-058

Community Details

Overview

  • 368 Units

Recreation

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

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Gated with Attendant
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$13,079

Year Built

Built in 1974

Lot Details

0

HOA Fees

$600 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Contemporary Mediterranean
  • Street Number Display: Yes
  • Complex Name: The Terraces Homeowners Association
  • Entry Floor: 1
  • Living Area: 2184
  • Lot Acreage: 0.0482
  • Planned Urban Dev: 0
  • Stories: 2
  • Unit Floor In Building: 1
  • Year Built: 1974
  • Number Of Photos: 45
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas and Wood, Living Room
  • Flooring: Carpet, Tile, Vinyl Tile
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dryer, Microwave, Dishwasher, Refrigerator, Range/Oven, Washer, Garbage Disposal
  • Fireplace: Yes
  • Price Per S Q F T: 539.84

Exterior Features

  • Tennis Court: Community
  • Tennis Court Y/N: Yes
  • Patio: Living Room Deck Attached
  • Pool Description: Association Pool
  • Pool: Yes
  • Roof: Tile
  • Spa: Community
  • Spa Yn: Yes
  • View: City Lights, Hills
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Door Opener, Garage Is Attached, Garage - 2 Car, Driveway - Concrete
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Gated Community with Guard, Smoke Detector, Carbon Monoxide Detector(s)

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Assoc Pet Rules, Gated Community Guard, Playground, Pool, Tennis Courts, Greenbelt/Park
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 600.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 7589-008-058
  • Lot Size Area: 2098

Multi Family

  • Number Of Units: 368

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2022
Closed on
Dec 1, 2022
Sold by
Forman Family Trust
Bought by
Cheng Po and Cai Yan
Seller's Agent
Paul Kellogg
Coldwell Banker Realty
Buyer's Agent
Liugen Gao
Keller Williams Palos Verdes
List Price
$1,299,000
Sold Price
$1,100,000
Premium/Discount to List
-$199,000
-15.32%
Views
59
Current Estimated Value
$1,537,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,940
Avg. Annual Appreciation
12.25%
Original Mortgage
$770,000
Outstanding Balance
$740,745
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$760,310
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
Cheng Po $1,100,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Po $770,000
Previous Owner Forman Arch A $65,000
Previous Owner Forman Arch A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $1,100,000 -6.7% $504 / Sq Ft
11/28/2022 11/28/22 Pending -- -- --
11/09/2022 11/09/22 Price Changed $1,179,000 -5.6% $540 / Sq Ft
10/17/2022 10/17/22 Price Changed $1,249,000 -3.8% $572 / Sq Ft
09/07/2022 09/07/22 For Sale $1,299,000 -- $595 / Sq Ft
Source: The MLS

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 $13,079 $1,144,439 $694,362 $450,077
2024 $13,079 $1,122,000 $680,748 $441,252
2023 $12,970 $1,100,000 $667,400 $432,600
2022 $2,947 $194,009 $85,914 $108,095
2021 $2,902 $190,206 $84,230 $105,976
2020 $2,857 $188,257 $83,367 $104,890
2019 $2,784 $184,567 $81,733 $102,834
2018 $2,726 $180,949 $80,131 $100,818
2016 $2,556 $173,924 $77,020 $96,904
2015 $2,526 $171,313 $75,864 $95,449
2014 $2,502 $167,958 $74,378 $93,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-194365

The MLS

APN: 7589-008-058