NOT LISTED FOR SALE

Estimated Value: $1,396,000 - $1,492,000

3 Beds
2.5 Baths
2,000 Sq Ft
$723/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $1,250,000 $625 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,504/month

19 Days on Market

Highlights

  • 24-Hour Security
  • Spa
  • Panoramic View
  • Soleado Elementary Rated A+
  • Primary Bedroom Suite
  • Updated Kitchen

About This Home

As of December 2022

Rare “Garden End Unit” with a unique floor plan unlike others featuring added square footage with an office on the main level with a high wood beam ceiling and built-in storage. One of the great features of the “Garden” end unit is that you have a family room off the kitchen with direct access to your own private gated patio. The home has just been updated and includes a newly remodeled kitchen with stainless steel appliances, quartz counter tops, new sink, faucet, disposal, and recessed lighting. New luxury Vinyl wood plank flooring on the main level. All bathrooms have been remodeled. The half bath on the main level has new quartz counter top, sink, faucet, and light fixture. The upstairs baths have newer vanities and tile flooring. Living room with fireplace features a wall of built-in storage cabinets. Large main bedroom suite with vaulted ceiling, walk in closet, and remodeled bath. Sliding glass doors off the main bedroom lead to a wrap around deck with a sweeping view of the city and snow capped mountains. Freshly painted plantation shutters in the family room, living room, and main bedroom. New paint throughout in decorator colors. Forced air heater and central A/C installed in 2017 with all ducting replaced. Refinished custom entry door with leaded glass. All new matte black door hinges and door knobs. Move in ready. The Terraces is a 24 hour guard gated community, with swimming pools, spa, tennis courts, club house and children’s play area. There are only 18 of the Garden Unit floor plans in the Terraces so they don’t come on the market very often. Hurry this one won't last long.

Last Agent to Sell the Property

Patricia Hedstrom

Estate Properties License #00796720 Listed on: 10/24/2022

Estate Properties

Last Buyer's Agent

Patricia Hedstrom

Estate Properties License #00796720 Listed on: 10/24/2022

Estate Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $14,731

Year Built

  • Built in 1975

Lot Details

  • 2,163 Sq Ft Lot
  • 1 Common Wall

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Attached Carport
  • Parking Available
  • Single Garage Door
  • Garage Door Opener

Property Views

  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Turnkey

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Dry Bar
  • Plantation Shutters
  • Entrance Foyer
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Storage

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Water Line To Refrigerator
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Patio

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 30652
  • Assessor Parcel Number 7589012018

Community Details

Overview

  • 368 Units
  • The Terraces Association, Phone Number (310) 541-5292
  • Grand Manor HOA

Recreation

  • Community Pool
  • Community Spa

Security

  • 24-Hour Security

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$14,731

Year Built

Built in 1975

Lot Details

0

HOA Fees

$600 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Washer dryer and refrigerator
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated with Attendant, Gated Community, Gated with Guard
  • View: Yes
  • Zoning: RERPD6U*
  • Property Condition: Turnkey
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 7589012018
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2000.00 Square Feet
  • Interior Amenities: Built-in Features, Dry Bar, Quartz Counters, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Room, Separated
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 625.00
  • Room Type: All Bedrooms Up, Entry, Family Room, Foyer, Kitchen, Laundry, Living Room, Master Suite, Office, Separate Family Room, Walk-In Closet
  • Spa Features: Association
  • Window Features: Plantation Shutters
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Master Bath, Exhaust Fan(s), Remodeled
  • Room Kitchen Features: Kitchen Open To Family Room, Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: City Lights, Mountain(s), Panoramic
  • Patio And Porch Features: Patio
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, ENERGY STAR Qualified Appliances, Disposal, Gas Cooktop, Range Hood, Refrigerator, Water Heater, Water Line to Refrigerator
  • Heating Type: Central, Forced Air
  • Laundry Features: Dryer Included, In Kitchen, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 600.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: 310-541-5292
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Suburban
  • Association Management: Grand Manor

Schools

  • School District: Palos Verdes Peninsula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 2163.00
  • Lot Size Acres: 0.0497
  • Latitude Manual: 33.77032900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2163.0000 Square Feet
  • Number Of Units In Community: 368
  • Number Of Units Total: 365

Tax Info

  • Tax Census Tract: 6704.05
  • Tax Lot: 18
  • Tax Tract Number: 30652

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2022
Closed on
Nov 17, 2022
Sold by
Ogrady Family Trust
Bought by
Zhang Chao and Zhu Yaoqiu
Seller's Agent
Patricia Hedstrom
Estate Properties
Buyer's Agent
Patricia Hedstrom
Estate Properties
List Price
$1,298,000
Sold Price
$1,250,000
Premium/Discount to List
-$48,000
-3.7%
Total Days on Market
19
Views
29
Current Estimated Value
$1,446,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,440
Avg. Annual Appreciation
6.06%
Original Mortgage
$937,500
Outstanding Balance
$907,613
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$538,827

Purchase Details

Listed on
Jul 9, 2018
Closed on
Aug 17, 2018
Sold by
Mcdonald Mary L
Bought by
Grady Timothy J O and Grady Lorraine Anne O
Seller's Agent
Jack Fleming
Coldwell Banker Residential Br
Buyer's Agent
Patricia Hedstrom
Estate Properties
List Price
$925,000
Sold Price
$895,000
Premium/Discount to List
-$30,000
-3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%

Purchase Details

Listed on
Jan 23, 2017
Closed on
Apr 27, 2017
Sold by
Colley Craig C
Bought by
Mcdonald Mary L
Seller's Agent
Gayle Probst
Estate Properties
Buyer's Agent
Jack Fleming
Coldwell Banker Residential Br
List Price
$895,000
Sold Price
$840,000
Premium/Discount to List
-$55,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$672,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 1998
Sold by
Colley Colleen T
Bought by
Colley Colleen T

Purchase Details

Closed on
May 20, 1996
Sold by
Alser Donald J
Bought by
Colley Colleen T
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
Zhang Chao $1,250,000 Progressive Title
Grady Timothy J O $895,000 Progressive Title
Mcdonald Mary L $840,000 Progressive Title
Colley Colleen T -- --
Colley Colleen T $379,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Chao $937,500
Previous Owner Mcdonald Mary L $672,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $1,250,000 -3.7% $625 / Sq Ft
11/12/2022 11/12/22 Pending -- -- --
10/24/2022 10/24/22 For Sale $1,298,000 +45.0% $649 / Sq Ft
09/13/2018 09/13/18 Sold $895,000 -3.2% $448 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $925,000 +3.4% $463 / Sq Ft
08/08/2018 08/08/18 Off Market $895,000 -- --
07/09/2018 07/09/18 For Sale $925,000 +10.1% $463 / Sq Ft
05/25/2017 05/25/17 Sold $840,000 -0.6% $420 / Sq Ft
04/10/2017 04/10/17 Pending -- -- --
03/03/2017 03/03/17 Price Changed $845,000 -5.6% $423 / Sq Ft
01/23/2017 01/23/17 For Sale $895,000 -- $448 / 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 $14,731 $1,275,000 $870,570 $404,430
2023 $14,523 $1,250,000 $853,500 $396,500
2022 $10,794 $940,803 $615,359 $325,444
2021 $10,744 $922,357 $603,294 $319,063
2020 $10,592 $912,900 $597,108 $315,792
2019 $10,274 $895,000 $585,400 $309,600
2018 $9,986 $856,800 $539,172 $317,628
2016 $3,301 $243,308 $90,072 $153,236
2015 $2,871 $239,655 $88,720 $150,935
2014 $2,842 $234,962 $86,983 $147,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV22227988

California Regional Multiple Listing Service (CRMLS)

APN: 7589-012-018