NOT LISTED FOR SALE

Estimated Value: $1,539,114 - $1,563,000

2 Beds
2.5 Baths
2,184 Sq Ft
$712/Sq Ft Est. Value

Last Sold September 19, 2019

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

Est. 41% increase in value since last sale

Current estimated payment $10,176/month

25 Days on Market

Highlights

  • Coastline Views
  • Gated with Attendant
  • Primary Bedroom Suite
  • Soleado Elementary Rated A+
  • Filtered Pool
  • Open Floorplan

About This Home

As of September 2019

An exceptionally beautiful townhome is located in the premier community of The Terraces. This much sought after model with 2184 square feet, is an end unit with an amazing panoramic views of city lights, mountains and a harbor view. Just breathtaking! Must see to appreciate! Elegant architectural detail throughout with unique art niches for special display items shows the attention to unsurpassed quality and design. Recessed lighting as well as hardwood floors throughout adds to this comfortable home that has a custom fireplace in the spacious vaulted ceiling living room. Doors with quality hardware, windows, and custom shutters have all been upgraded. Gorgeous metal/glass sliding doors leads to a unique office.
Latest addition is a beautifully designed front door with a unique metal iron work design. The gourmet kitchen has lovely cabinets galore with soft close doors and drawers, gas cooktop, an over the range faucet and a huge custom designed hood.

Last Agent to Sell the Property

Richard Budde

Estate Properties License #00820691 Listed on: 08/13/2019

Estate Properties

Co-Listed By

Marilyn Cristiano Budde

Estate Properties License #00580324

Last Buyer's Agent

Johannes Steinbeck

Estate Properties License #01980423

Estate Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $13,770

Year Built

  • Built in 1975

Lot Details

  • 2,122 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot
  • Front and Back Yard Sprinklers

HOA Fees

  • $440 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Property Views

  • Coastline
  • Harbor
  • City Lights
  • Mountain
  • Hills

Home Design

  • Mediterranean Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Shutters
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • L-Shaped Dining Room
  • Home Office
  • Wood Flooring

Kitchen

  • Range Hood
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

Pool

  • Filtered Pool
  • Heated In Ground Pool
  • In Ground Spa
  • Gas Heated Pool
  • Gunite Spa
  • Fence Around Pool

Outdoor Features

  • Wood patio
  • Rain Gutters
  • Wrap Around Porch

Location

  • Property is near a park

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Underground Utilities
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 11
  • Tax Tract Number 30652
  • Assessor Parcel Number 7589012011

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

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

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$13,770

Year Built

Built in 1975

Lot Details

0

HOA Fees

$440 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Gated with Attendant, Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Subdivision Name Other: The Terraces
  • View: Yes
  • Zoning: RERPD6U*
  • Architectural Style: Mediterranean
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589012011
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2184.00 Square Feet
  • Interior Amenities: Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Entry Location: Ground level
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • One Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Ell
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 503.66
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Master Suite, Office, Walk-In Closet
  • Spa Features: Association, Community, Gunite, In Ground
  • Window Features: Double Pane Windows, Shutters
  • Room Kitchen Features: Kitchen Island, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: City Lights, Coastline, Harbor, Hills, Mountain(s)
  • Patio And Porch Features: Concrete, Deck, Enclosed, Patio, Wood, Wrap Around
  • Pool Features: Association, Community, Fenced, Filtered, Heated, Gas Heat, In Ground
  • Pool Private: No
  • Roof: Flat, Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Range Hood, Trash Compactor, Vented Exhaust Fan, Water Heater, Water Line to Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground, Tennis Court(s), Clubhouse, Earthquake Insurance, Pet Rules, Pets Permitted, Call for Rules, Security, Controlled Access
  • Association Fee: 440.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces HOA
  • Phone: 310.541.5292
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks
  • Association Management: Terraces HOA

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Rectangular Lot, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 2122.00
  • Lot Size Acres: 0.0487
  • Latitude Manual: 33.77065400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2122.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 11
  • Tax Tract Number: 30652

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2019
Closed on
Sep 10, 2019
Sold by
Andresen Debra
Bought by
Culbertson Brad Peter and Culbertson Gloria E
Seller's Agent
Richard Budde
Estate Properties
Buyer's Agent
Johannes Steinbeck
Estate Properties
List Price
$1,100,000
Sold Price
$1,100,000
Current Estimated Value
$1,555,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$455,029
Avg. Annual Appreciation
6.13%

Purchase Details

Closed on
Jan 29, 2018
Sold by
Russell Carol J
Bought by
Russell Carol J

Purchase Details

Listed on
Jun 27, 2013
Closed on
Oct 17, 2013
Sold by
Solomon Millicent G
Bought by
Russell Carol
Seller's Agent
George Wong
West Shores Realty, Inc.
Buyer's Agent
Kim Hall
Estate Properties
List Price
$910,000
Sold Price
$850,000
Premium/Discount to List
-$60,000
-6.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.34%
Original Mortgage
$674,400
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 2, 1998
Sold by
Solomon Joseph A
Bought by
Solomon Joseph A and Solomon Millicent G

Purchase Details

Closed on
Apr 10, 1998
Sold by
Klieman Charles
Bought by
Solomon Joseph A and Solomon Millicent G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Culbertson Brad Peter $1,100,000 Progressive Title Company
Russell Carol J -- None Available
Russell Carol $843,000 Progressive
Solomon Joseph A -- --
Solomon Joseph A $482,000 Continental Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russell Carol $683,000
Previous Owner Russell Carol $38,100
Previous Owner Russell Carol $674,400
Previous Owner Solomon Millicent G $150,000
Previous Owner Solomon Millicent G $109,400
Previous Owner Solomon Millicent G $116,500
Previous Owner Solomon Joseph A $227,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2019 09/19/19 Sold $1,100,000 0.0% $504 / Sq Ft
09/04/2019 09/04/19 Pending -- -- --
08/10/2019 08/10/19 For Sale $1,100,000 +29.4% $504 / Sq Ft
12/03/2013 12/03/13 Sold $850,000 0.0% $389 / Sq Ft
09/19/2013 09/19/13 Price Changed $850,000 -2.9% $389 / Sq Ft
08/12/2013 08/12/13 Price Changed $875,000 +0.7% $401 / Sq Ft
08/01/2013 08/01/13 Price Changed $869,000 -2.9% $398 / Sq Ft
07/08/2013 07/08/13 Price Changed $895,000 -1.6% $410 / Sq Ft
06/27/2013 06/27/13 For Sale $910,000 -- $417 / 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 $13,770 $1,179,419 $805,758 $373,661
2023 $13,577 $1,156,294 $789,959 $366,335
2022 $12,892 $1,133,622 $774,470 $359,152
2021 $12,841 $1,111,395 $759,285 $352,110
2020 $12,660 $1,100,000 $751,500 $348,500
2019 $10,675 $926,382 $583,962 $342,420
2018 $10,600 $908,218 $572,512 $335,706
2016 $10,074 $872,953 $550,282 $322,671
2015 $9,973 $859,842 $542,017 $317,825
2014 $9,837 $843,000 $531,400 $311,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV19197789

California Regional Multiple Listing Service (CRMLS)

APN: 7589-012-011