NOT LISTED FOR SALE

1050 E Terrace Dr Long Beach, CA 90807

Bixby Knolls Neighborhood

Estimated Value: $1,073,000 - $1,253,474

4 Beds
2.5 Baths
2,375 Sq Ft
$478/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $922,000 $388 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,813/month

109 Days on Market

Highlights

  • Primary Bedroom Suite
  • Updated Kitchen
  • Main Floor Bedroom
  • Hughes Middle School Rated A-
  • Wood Flooring
  • Lawn

About This Home

As of February 2023

PRICE IMPROVEMENT!! BEST VALUE IN BIXBY KNOLLS!! Introducing 1050 E Terrace Drive in Long Beach! This beautifully remodeled home is located in the highly desirable area of North Bixby Knolls and is conveniently close to parks, a walk away from Barton Elementary, shopping centers, golf courses, restaurants, and nearby freeways. This tastefully styled home features approximately 2375 sq.ft., four bedrooms, 2 1/2 bathrooms, new carpet, fresh paint throughout and original hardwood floors. Downstairs, the kitchen, family room, dining room, living room, 3/4 bathroom, laundry room, and two spacious bedrooms are perfect for gatherings of family & friends. The spacious Living room with excellent natural light and a cozy fireplace makes for a great living space. The generous Primary bedroom on the second level features an expansive walk-in closet and a private balcony overlooking the serene backyard. The Primary bathroom includes separate shower and tub and plenty of cabinetry for storage. The second level also includes a versatile space adjacent to the primary bedroom that is perfect for an in-home office, nursery or an extra bedroom for multi-generational families! The generous and private backyard/patio area with ample space for entertaining & storage! An extra-long driveway with room for multiple vehicles leads to a detached two car garage in the back. Centrally located and close to major highways and the numerous dining/entertainment options, this home is one you won't want to miss!

Last Agent to Sell the Property

Brett Brummett

Coldwell Banker Envision License #01796428 Listed on: 09/22/2022

Coldwell Banker Envision

Last Buyer's Agent

Bob Badiian

Keller Williams Coastal Prop License #01993555

Keller Williams Coastal Prop

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • 5,762 Sq Ft Lot
  • Lawn
  • Garden
  • Back Yard
  • Property is zoned LBR1N

Parking

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

Home Design

  • Composition Roof

Interior Spaces

  • 2,375 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Window Screens
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Formal Dining Room
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathroom on Main Level
  • Tile Bathroom Countertop
  • Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Overhead Utilities
  • Sewer Paid

Additional Features

  • Solar owned by seller
  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 119
  • Tax Tract Number 13276
  • Assessor Parcel Number 7135006012

Home Details

Home Type

Single Family

Year Built

Built in 1947 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: LBR1N
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7135006012
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2375.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Pantry, Tile Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Dining Room, Separated
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 388.21
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Separate Family Room, Walk-In Closet, Walk-In Pantry
  • Window Features: Double Pane Windows, Screens, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Exhaust Fan(s), Main Floor Full Bath, Remodeled, Separate Tub And Shower, Tile Counters
  • Room Kitchen Features: Kitchen Open To Family Room, Remodeled Kitchen, Tile Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Concrete, Covered, Patio
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave
  • Electric: Photovoltaics Seller Owned
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Garden, Lawn, Utilities - Overhead
  • Lot Size Sq Ft: 5762.00
  • Lot Size Acres: 0.1323

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5762.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5715.02
  • Tax Lot: 119
  • Tax Tract Number: 13276

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2024
Sold by
Ly Yen Hoang and Tran Hien Dao
Bought by
Tran & Ly Llc
Current Estimated Value
$1,119,960

Purchase Details

Listed on
Sep 22, 2022
Closed on
Jan 11, 2023
Sold by
Wlh Sr Separate Property Trust
Bought by
Ly Yen H and Tran Hien D
Seller's Agent
Brett Brummett
Coldwell Banker Envision
Buyer's Agent
Bob Badiian
Keller Williams Coastal Prop
List Price
$999,000
Sold Price
$922,000
Premium/Discount to List
-$77,000
-7.71%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.42%
Original Mortgage
$691,500
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2021
Sold by
Hodges Revocable Family Trust
Bought by
Hodges Revocable Family Trust and Hodges

Purchase Details

Closed on
Jun 23, 2010
Sold by
Hodges William L
Bought by
Hodges William L and Hodges Meta G

Purchase Details

Closed on
Jun 24, 1998
Sold by
Hodges Meta G
Bought by
Hodges William L and Hodges Meta G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tran & Ly Llc -- --
Ly Yen H $922,000 Orange Coast Title Company
Hodges Revocable Family Trust -- None Listed On Document
Panah Catherine Lee -- None Listed On Document
Hodges William L -- None Available
Hodges William L -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ly Yen H $691,500
Previous Owner Hodges William L $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $922,000 -5.4% $388 / Sq Ft
11/10/2022 11/10/22 Price Changed $975,000 -2.4% $411 / Sq Ft
09/22/2022 09/22/22 For Sale $999,000 -- $421 / 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 $12,185 $959,248 $717,876 $241,372
2024 $12,185 $940,440 $703,800 $236,640
2023 $2,913 $199,876 $35,793 $164,083
2022 $2,748 $195,958 $35,092 $160,866
2021 $2,679 $192,116 $34,404 $157,712
2019 $2,640 $186,420 $33,385 $153,035
2018 $2,471 $182,766 $32,731 $150,035
2016 $2,258 $175,671 $31,461 $144,210
2015 $2,172 $173,033 $30,989 $142,044
2014 $2,163 $169,644 $30,382 $139,262
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brett Brummett

    Coldwell Banker Envision

    Section Image
  • Bob Badiian

    Buyer's Agent in 2023

    Bob Badiian

    Keller Williams Coastal Prop

    (949) 294-3311

    2 in this area

    39 Total Sales

    Bob Badiian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22202540

California Regional Multiple Listing Service (CRMLS)

APN: 7135-006-012

California Los Angeles County Long Beach 90807 Bixby Knolls

1050 E Terrace Dr, Long Beach, CA

Not Listed for Sale

Detached

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