The Terraces Townhomes

Description: The Terraces, located in Rolling Hills Estates, is one of the higher-end townhome developments on the Palos Verdes Peninsula. It has 60 acres of lush, beautifully landscaped grounds. The project has numerous model types, with both single floor and 2 floor floor plans, many with panoramic views.

Click on the following link for the floor plans for the different model types:

http://www.theterracestownhomes.com/213529.html




Location: Highridge Road and Armaga Springs Road in Rolling Hills Estates ( MLS Area 174 )


Year built: 1974-1977

HOA Dues (As of 3/1/10): $360/month

On-Site Manager: 310-541-5292

Addresses: 1-164 Aspen Way
1-19 Avocado Lane
1-143 Cottonwood Circle
1-101 Cypress Way
1-51 Oaktree Lane
1-67 Sycamore

Amenities: 5 pools, spas, two tennis courts, two miles of jogging and walking paths, 24 hour security gated community

Unit Sizes:

Bedrooms

Baths Square Footage*
2 Bdrm. 1,5-2.5 1,325 - 2,114
2 Bdrm. 3.0 1,961 - 2,184
3 Bdrm. 3.0 1,796 - 2,184
3 Bdrm. 2.0 1,590

* Square footage are estimates only based upon information in the multiple listing service and should be verified by the buyer

Price Ranges (as of 8/1/13): The range of pricing varies widely depending on the location of the unit and the view. Two of the 2 bedroom, 2 bath units (1,590 sq. ft. ) sold in May and July 2013 for prices ranging from $681,000 to $715,000. . Three of the 2 bedroom 3 bath units were sold in 2013 for $730,000 and $798,000 ( 1,994 & 1,988 sq. ft. ) and $750,000 ( 2,184 sq. ft. ). Sales of the 3 bedroom 3 bath units included 3 in 2013 for prices ranging from $790,000 to $919,000 (2,184 sq. ft. ) and 2 for prices ranging of $815.000 and $845,000 ( 1,796 and 1,994 sq. ft. respectively) . The two most recent sales of the smaller 1,590 sq. ft. 3 bedroom 2 bath units were a sale in May 2012 for $725,000 and a sale in July 2013 for $715,000. 
Maureen Megowan
Maureen Megowan
Realtor