NOT LISTED FOR SALE

Estimated Value: $1,015,000 - $1,245,000

3 Beds
2 Baths
1,455 Sq Ft
$657/mo HOA Fee

Last Sold March 17, 2021

Last sale price $845,000 $581 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,788/month

185 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Heated Pool
  • Long Beach Polytechnic High School Rated A
  • Fitness Center
  • Automatic Gate

About This Home

As of March 2021

Just Reduced! Luxury living at its finest! Ocean views on the sand, it just doesn't get any better than this. Your opportunity to live a resort-style life is here. View this contemporary beautify designed 3-bedroom home with plenty of natural light, custom paint throughout, updated kitchen, newer stainless-steel appliances, double oven, granite countertops and breakfast bar. Living room has a gas fireplace to warm up on cool winter evenings. Home features two patios, one for ocean, sunset and fireworks viewing and the other to enjoy parades and the L.B. marathon. You will enjoy coming home, walking through your large foyer to enjoy a relaxing lifestyle in one of the most desirable condo complexes. The home has a large master suite with Jacuzzi tub which is private from the other two bedrooms to enjoy. Windows are dual pane with plantation shutters adding to the overall beach house appeal. All appliances to stay, home includes 2 secured parking spaces.
The Complex offers a gym, bicycle and personal storage available, west facing pool and large community patio overlooking the sand/ocean with breathtaking panoramic ocean and harbor views. Patio is perfect for catered events/parties and family weekend BBQs. HOA includes: trash, water, maintenance. Conference Room/community room available for private functions. Bike ride to the Queen Mary and Restaurants or to dog beach.

Last Agent to Sell the Property

Erik Kaiser

RE/MAX TerraSol License #01111620 Listed on: 08/17/2020

RE/MAX TerraSol

Last Buyer's Agent

Darren Hubert

Real Broker License #01330183

Real Broker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,408

Year Built

  • Built in 2000

Lot Details

  • 1 Common Wall
  • West Facing Home
  • Security Fence

HOA Fees

  • $657 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • Parking Available
  • Automatic Gate
  • Assigned Parking
  • Community Parking Structure

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Contemporary Architecture
  • Turnkey

Interior Spaces

  • 1,455 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Plantation Shutters
  • Entrance Foyer
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Gas Range
  • Water Line To Refrigerator
  • Granite Countertops
  • Self-Closing Drawers and Cabinet Doors

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower

Pool

  • Heated Pool
  • Spa

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Schools

  • Long Beach High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 52245
  • Assessor Parcel Number 7265015079

Community Details

Overview

  • 70 Units
  • 1500 Ocean Association, Phone Number (949) 716-3998
  • Power Stone HOA
  • Ocean Terrace Subdivision

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse
  • Meeting Room
  • Recreation Room
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Bike Trail

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,408

Year Built

Built in 2000

Lot Details

0

HOA Fees

$657 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Card/Code Access, Resident Manager
  • Subdivision Name Other: Ocean Terrace (OCT)
  • View: Yes
  • Zoning: LBPPD5
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265015079
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1455.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s), Open Floorplan, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 580.76
  • Room Type: All Bedrooms Down, Foyer, Kitchen, Main Floor Bedroom
  • Spa Features: Association
  • Window Features: Double Pane Windows, Plantation Shutters
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Master Bath, Jetted Tub, Separate Tub And Shower
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Other Structures: Storage
  • View: Ocean, Peek-A-Boo
  • Fence: Yes
  • Fencing: Security
  • Patio And Porch Features: Covered
  • Pool Features: Association, Heated
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Gated
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Gas Range, Refrigerator, Water Line to Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Gym/Ex Room, Clubhouse, Recreation Room, Meeting Room, Storage, Pet Rules, Call for Rules, Controlled Access
  • Association Fee: 657.00
  • Association Fee Frequency: Monthly
  • Association Name: 1500 Ocean
  • Phone: 9497163998
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Sidewalks, Street Lights
  • Association Management: Power Stone

Schools

  • School District: Long Beach Unified
  • High School: Long Beach
  • High School: Long Beach
  • High School2: LONBEA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 37910.00
  • Lot Size Acres: 0.8703

Multi Family

  • Lease Considered: No
  • Lot Size Area: 37910.0000 Square Feet
  • Number Of Units In Community: 70
  • Number Of Units Total: 70
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Census Tract: 5766.02
  • Tax Lot: 1
  • Tax Tract Number: 52245

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Feb 24, 2021
Sold by
Millikan Gary P and Millikan Catharine K
Bought by
Mcguire Stephen J J and Mcguire Irina
Seller's Agent
Erik Kaiser
RE/MAX TerraSol
Buyer's Agent
Darren Hubert
Real Broker
List Price
$949,999
Sold Price
$845,000
Premium/Discount to List
-$104,999
-11.05%
Current Estimated Value
$1,159,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,988
Avg. Annual Appreciation
6.03%
Original Mortgage
$760,500
Outstanding Balance
$683,281
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$416,377

Purchase Details

Closed on
Mar 27, 2013
Sold by
Millikan Gary P and Millikan Catharine K
Bought by
Millikan Gary P and Millikan Catharine K

Purchase Details

Closed on
Mar 3, 2007
Sold by
Alibrio Aric J and Alibrio Louanne
Bought by
Millikan Gary P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,000
Interest Rate
6.18%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 27, 2004
Sold by
Rapaich Eli and Rapaich Evelyn R
Bought by
Alibrio Aric J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2000
Sold by
1500 Ocean Avenue Llc
Bought by
Rapaich Eli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
8.5%
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
Mcguire Stephen J J $845,000 Fidelity Natl Ttl Orange Cnt
Millikan Gary P -- None Available
Millikan Gary P $855,000 Stewart Title Guaranty Compa
Alibrio Aric J $625,000 North American Title Co
Rapaich Eli $400,000 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcguire Stephen J J $760,500
Previous Owner Millikan Gary P $540,000
Previous Owner Millikan Gary P $505,000
Previous Owner Alibrio Aric J $425,000
Previous Owner Rapaich Eli $150,000
Previous Owner Rapaich Eli $366,000
Previous Owner Rapaich Eli $319,200
Closed Rapaich Eli $39,900
Closed Alibrio Aric J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2021 03/17/21 Sold $845,000 -0.5% $581 / Sq Ft
02/12/2021 02/12/21 Price Changed $849,000 -2.4% $584 / Sq Ft
02/01/2021 02/01/21 Price Changed $869,999 -1.1% $598 / Sq Ft
11/21/2020 11/21/20 Price Changed $879,999 -1.1% $605 / Sq Ft
10/22/2020 10/22/20 Price Changed $889,999 -3.3% $612 / Sq Ft
09/18/2020 09/18/20 Price Changed $919,999 -3.2% $632 / Sq Ft
08/17/2020 08/17/20 For Sale $949,999 -- $653 / 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 $11,408 $914,654 $638,634 $276,020
2024 $11,408 $896,720 $626,112 $270,608
2023 $13,980 $1,101,024 $772,651 $328,373
2022 $13,108 $1,079,436 $757,501 $321,935
2021 $11,879 $976,000 $685,000 $291,000
2020 $11,393 $928,000 $651,000 $277,000
2019 $11,479 $928,000 $651,000 $277,000
2018 $11,438 $928,000 $651,000 $277,000
2016 $8,765 $740,000 $519,300 $220,700
2015 $7,800 $675,000 $473,700 $201,300
2014 $7,377 $630,000 $442,100 $187,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20152006

California Regional Multiple Listing Service (CRMLS)

APN: 7265-015-079