$890,000
SOLD NOV 16, 2018
2 Beds
2.5 Baths
1,961 Sq Ft
$440/mo HOA Fee

Recently Sold

$454 Per Sq Ft

1% Below List Price

45 Days on Market

Highlights

  • 24-Hour Security
  • Primary Bedroom Suite
  • Open Floorplan
  • Soleado Elementary Rated A+
  • City Lights View
  • Bonus Room

About This Home

As of November 2018

BACK ON THE MARKET due to buyer unable to perform! Welcome to this turn-key, city view corner unit within the coveted Terraces community. This completely remodeled 2 bedroom + bonus room and 2.5 bath home, has had no expense spared in it's updates. The kitchen has been upgraded with modern custom cabinetry, stainless steel appliances and quartz counter-tops. Just some of the recent systems upgrades include: new roof, new heating and cooling, recessed lights and new garage door and opener. The master bedroom has views of downtown LA as well as two large closets along with an en-suite master bathroom which has been beautifully remodeled with marble tile, frame-less glass enclosed shower, pedestal tub and a double sink vanity. New plumbing was also installed in both the guest bath and master baths. The expansive upstairs bonus area is perfect for an office or family room as well as potential to be converted into a third bedroom. Enjoy the large balcony off the living room to take in views of downtown LA during the day and the sparkling city lights at night. The community amenities include: 24 hr guard, five swimming pools and a fully gated complex.

Last Agent to Sell the Property

Jesse Dougherty

Compass License #01949609 Listed on: 09/05/2018

Compass

Last Buyer's Agent

Lauren Yoon

Keller Williams Palos Verdes License #01305706

Keller Williams Palos Verdes

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,461

Year Built

  • Built in 1975

Lot Details

  • 1,422 Sq Ft Lot
  • 1 Common Wall

HOA Fees

  • $440 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener

Property Views

  • City Lights
  • Mountain

Interior Spaces

  • 1,961 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Entryway
  • Family Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Home Office
  • Bonus Room

Kitchen

  • Breakfast Area or Nook
  • Range Hood
  • Dishwasher
  • Quartz Countertops
  • Self-Closing Drawers

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Additional Features

  • Living Room Balcony
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 30652
  • Assessor Parcel Number 7589012034

Community Details

Overview

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

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,461

Year Built

Built in 1975

Lot Details

0

HOA Fees

$440 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated Community, Gated with Guard, Guarded
  • View: Yes
  • Zoning: RERPD6U*
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589012034
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1961.00 Square Feet
  • Interior Amenities: Balcony, High Ceilings, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Unfurnished
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Family Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 453.85
  • Room Type: All Bedrooms Up, Bonus Room, Den, Entry, Family Room, Living Room, Master Suite, Office, Walk-In Closet
  • Bathroom Features: Bathtub, Double Sinks In Master Bath, Quartz Counters, Remodeled, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Quartz Counters, Self-Closing Drawers

Exterior Features

  • View: City Lights, Mountain(s)
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Upper Level, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground
  • Association Fee: 440.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terrace Homeowners Association
  • Phone: 310-541-5292
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 1422.00
  • Lot Size Acres: 0.0326

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1422.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 34
  • Tax Tract Number: 30652

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2018
Closed on
Oct 24, 2018
Sold by
Preston Patricia A
Bought by
Mitsunaga Scott A and Mitsunaga Jae Eun Im
Seller's Agent
Jesse Dougherty
Compass
Buyer's Agent
Lauren Yoon
Keller Williams Palos Verdes
List Price
$899,000
Sold Price
$890,000
Premium/Discount to List
-$9,000
-1%
Current Estimated Value
$1,376,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,781
Avg. Annual Appreciation
6.83%
Original Mortgage
$470,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2015
Closed on
Oct 14, 2015
Sold by
Ocean Ridge Equities Llc
Bought by
Preston Patricia A
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Jesse Dougherty
Compass
List Price
$900,000
Sold Price
$870,000
Premium/Discount to List
-$30,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.74%
Original Mortgage
$575,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2014
Sold by
Pierce Robert A
Bought by
Ocean Ridge Equities Llc

Purchase Details

Closed on
Sep 22, 1997
Sold by
Bornyasz Matthew S
Bought by
Pierce Robert A and Pierce Loretta B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,900
Interest Rate
8.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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 $890,000 Progressive Title Company
Grant Deed $870,000 Title 365
Trustee Deed $667,502 Accommodation
Grant Deed $367,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $548,250 New Conventional
Closed $520,000 New Conventional
Closed $470,000 New Conventional
Previous Owner $575,000 New Conventional
Previous Owner $0 Unknown
Previous Owner $82,000 Credit Line Revolving
Previous Owner $550,500 Unknown
Previous Owner $550,000 Unknown
Previous Owner $50,000 Credit Line Revolving
Previous Owner $393,000 Unknown
Previous Owner $300,700 Unknown
Previous Owner $74,300 Stand Alone Second
Previous Owner $15,000 Credit Line Revolving
Previous Owner $344,000 Unknown
Previous Owner $62,500 Stand Alone Second
Previous Owner $256,900 Purchase Money Mortgage
Closed $36,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2018 11/16/18 Sold $890,000 -1.0% $454 / Sq Ft
10/20/2018 10/20/18 Pending -- -- --
09/05/2018 09/05/18 For Sale $899,000 +3.3% $458 / Sq Ft
10/16/2015 10/16/15 Sold $870,000 -1.1% $444 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
08/27/2015 08/27/15 Price Changed $879,900 -2.2% $449 / Sq Ft
07/17/2015 07/17/15 For Sale $900,000 -- $459 / 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 $11,461 $992,807 $641,644 $351,163
2024 $11,461 $973,341 $629,063 $344,278
2023 $11,298 $954,257 $616,729 $337,528
2022 $10,730 $935,547 $604,637 $330,910
2021 $10,680 $917,204 $592,782 $324,422
2020 $10,529 $907,800 $586,704 $321,096
2019 $10,213 $890,000 $575,200 $314,800
2018 $10,499 $905,147 $563,272 $341,875
2016 $9,956 $870,000 $541,400 $328,600
2015 $9,641 $830,000 $630,000 $200,000
2014 $5,833 $478,030 $241,490 $236,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18216474

California Regional Multiple Listing Service (CRMLS)

APN: 7589-012-034