NOT LISTED FOR SALE

Estimated Value: $1,206,544 - $1,413,000

3 Beds
2 Baths
1,590 Sq Ft
$795/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $1,069,000 $672 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,075/month

8 Days on Market

Highlights

  • Heated Pool
  • Harbor Views
  • Tennis Courts
  • Soleado Elementary Rated A+
  • Main Floor Bedroom
  • Security Guard

About This Home

As of November 2021

Tastefully remodeled, single level townhome boasting an incredible 180+ degree panoramic view from downtown Los Angeles to Long Beach Harbor, and the ocean! This beautiful townhome is in the prestigious gated community, "Terraces", and has everything: View, Location, Quality and Style, and Privacy! Everyday, you can enjoy a gorgeous sunrise over Long Beach and the views of snow-capped mountains and sparkling downtown city lights at night. Beautifully remodeled kitchen with granite countertops and custom cabinets. Natural oakwood flooring in all main common areas and new carpets in bed rooms. Beautifully remodeled bathrooms. Master suite with a walk-in closet plus a large wall to wall closet. Tax shows as 2 bedroom but there is a 3rd bed room, which was converted to an office and can be easily become a bedroom. This unit is a very popular model with an open layout, high ceilings and large patio doors throughout the house; the natural sunlight fills the home and gives it a bright and open atmosphere. Terraces has 24 Hr security guard, 5 heated pools, 2 tennis court and located just minutes from beautiful PV trails, award-winning Palos Verdes Peninsula High School and Ridgecrest Junior High School, Peninsula Shopping, and Promenade shopping center.

Last Agent to Sell the Property

Ann Kim

Peninsula Realty, Inc. License #01194322 Listed on: 10/08/2021

Last Buyer's Agent

Jesse Dougherty

Compass License #01949609

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,750

Year Built

  • Built in 1974

Lot Details

  • 2,022 Sq Ft Lot
  • No Common Walls

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Harbor
  • Panoramic
  • City Lights
  • Mountain
  • Hills

Home Design

  • Planned Development

Interior Spaces

  • 1,590 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Soleado Elementary School
  • Ridgecrest Middle School
  • Palos Verdes Peninsula High School

Utilities

  • Central Heating and Cooling System
  • Private Sewer

Additional Features

  • Heated Pool
  • Suburban Location

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 48
  • Tax Tract Number 30654
  • Assessor Parcel Number 7589009048
  • $909 per year additional tax assessments

Community Details

Overview

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

Recreation

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

Security

  • Security Guard

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,750

Year Built

Built in 1974

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: RERPD6U*
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589009048
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1590.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 672.33
  • Room Type: Laundry, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • View: City Lights, Harbor, Hills, Mountain(s), Panoramic
  • Pool Features: Association, Heated
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground, Tennis Court(s), Earthquake Insurance, Maintenance Grounds, Guard, Security
  • Association Fee: 500.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces HOA
  • Phone: 3105415292
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Suburban
  • Association Management: Terraces HOA

Schools

  • School District: Palos Verdes Peninsula Unified
  • Elementary School: Soleado
  • Middle School: Ridgecrest
  • High School: Palos Verdes Peninsula
  • Elementary School: Soleado
  • High School: Palos Verdes Peninsula
  • Middle Or Junior School: Ridgecrest
  • Elementary School #2: SOLEAD
  • High School2: PAVEPE

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 2022.00
  • Lot Size Acres: 0.0464

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2022.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 368

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 48
  • Tax Tract Number: 30654
  • TaxOtherAnnualAssessmentAmount: 909.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2021
Closed on
Nov 22, 2021
Sold by
Kim David Hongki and 2009 Kim Family Trust
Bought by
Preston Patricia A and The Patricia A Preston Revocab
Seller's Agent
Ann Kim
Peninsula Realty, Inc.
Buyer's Agent
Jesse Dougherty
Compass
List Price
$1,049,000
Sold Price
$1,069,000
Premium/Discount to List
$20,000
1.91%
Current Estimated Value
$1,264,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,636
Avg. Annual Appreciation
4.15%
Original Mortgage
$570,000
Outstanding Balance
$524,912
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$722,698

Purchase Details

Closed on
Nov 25, 2009
Sold by
Kim David Hongki and Kim Susan Minhi
Bought by
Kim David Hongki

Purchase Details

Closed on
Feb 12, 2009
Sold by
Gustason Quin S and Gustason Charlotte L
Bought by
Kim David Hongki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2009
Sold by
Gustason Quin S and Gustason Charlotte L
Bought by
Gustason Quin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 2007
Sold by
Gustason Quin S and Gustason Charlotte L
Bought by
Gustason Quin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
6.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 10, 2007
Sold by
Gustason Quin S and Gustason Charlotte L
Bought by
Gustason Quin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
6.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 5, 2006
Sold by
Gustason Quin S and Gustason Charlotte L
Bought by
Gustason Quin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 20, 2006
Sold by
Gustason Quin S and Gustason Charlotte L
Bought by
Gustason Quin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 5, 1998
Sold by
Gustason Quin S and Gustason Charlotte L
Bought by
Gustason Quin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 1998
Sold by
Gustason Quin S and Gustason Charlotte L
Bought by
Gustason Quin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 1997
Sold by
Gustason Quin S and Gustason Charlotte L
Bought by
Gustason Quin S

Purchase Details

Closed on
Aug 6, 1996
Sold by
Lutgen Jean Claude
Bought by
Gustason Quin and Gustason Charlotte Lindsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
8.18%
Mortgage Type
Purchase Money Mortgage
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
Preston Patricia A $1,069,000 California Best Title
Kim David Hongki -- None Available
Kim David Hongki $640,000 Fatcola
Gustason Quin S -- None Available
Gustason Quin S -- Accommodation
Gustason Quin S -- Chicago Title
Gustason Quin S -- Accommodation
Gustason Quin S -- Chicago Title
Gustason Quin S -- --
Gustason Quin S -- American Coast Title
Gustason Quin S -- --
Gustason Quin S -- --
Gustason Quin $295,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Preston Patricia A $570,000
Previous Owner Kim David Hongki $250,000
Previous Owner Gustason Charlotte $75,000
Previous Owner Gustason Quin S $75,000
Previous Owner Gustason Quin S $475,000
Previous Owner Gustason Quin S $60,000
Previous Owner Gustason Quin S $325,000
Previous Owner Gustason Quin S $100,000
Previous Owner Gustason Quin S $150,000
Previous Owner Gustason Quin S $119,000
Previous Owner Gustason Quin $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $1,069,000 +1.9% $672 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $1,049,000 -- $660 / 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 $10,750 $926,537 $638,083 $288,454
2024 $10,750 $908,371 $625,572 $282,799
2023 $10,597 $890,560 $613,306 $277,254
2022 $9,052 $776,620 $471,435 $305,185
2021 $9,006 $761,393 $462,192 $299,201
2020 $8,878 $753,587 $457,453 $296,134
2019 $8,614 $738,812 $448,484 $290,328
2018 $8,539 $724,327 $439,691 $284,636
2016 $8,095 $696,202 $422,618 $273,584
2015 $8,011 $685,745 $416,270 $269,475
2014 $7,903 $672,313 $408,116 $264,197
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21222599

California Regional Multiple Listing Service (CRMLS)

APN: 7589-009-048