NOT LISTED FOR SALE

1503 Island Ave Wilmington, CA 90744

Estimated Value: $646,000 - $796,000

4 Beds
2 Baths
584 Sq Ft
$1,246/Sq Ft Est. Value

Last Sold March 30, 2012

Last sale price $157,000 $269 Per Sq Ft

Est. 364% increase in value since last sale

Current estimated payment $4,322/month

55 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • 2 Car Garage

About This Home

As of March 2012

Fenced corner lot at an unbeatable price! Sold for land-value, Calling all builders, there are 2 small vacant structures that need work. This has been used as an income duplex in the past. Each unit has 2 beds+1 bath. Unit 411 has a 2-car garage. Unknown condition. BEFORE SUBMITTING AN OFFER, buyers to conduct property inspection with licensed inspector/contractor, city permits, etc. & satisfy themselves. Convenient location close to freeway, train station, public transportation, schools, stores, Long Beach and ports. Sold as-is, no repairs or credits. No termite repairs or credits. Submit your "HIGHEST & BEST" cash offer today! Please see private remarks..

Last Agent to Sell the Property

Elizabeth Sorgen

Beverly and Company, Inc. License #01405736 Listed on: 01/25/2012

Beverly and Company, Inc.

Last Buyer's Agent

Raul Ramirez

License #00629499

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,273

Year Built

  • Built in 1936

Lot Details

  • 5,532 Sq Ft Lot
  • Corner Lot
  • Tear Down

Parking

  • 2 Car Garage

Home Design

  • 584 Sq Ft Home
  • Traditional Architecture
  • Composition Roof

Utilities

  • Sewer in Street

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7421-018-030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,273

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 584
  • Lot Dimensions: A0.1270
  • Property Condition: Tear Down
  • Year Built: 1936
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 276.54

Exterior Features

  • Pool: No
  • Roof: Composition

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage
  • Total Parking: 2

Utilities

  • Sewer: In Street

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 42.50
  • Assessed Improvement Value: 110406
  • Assessed Land Percent: 57.4
  • Assessed Land Value: 149050
  • Total Assessed Value: 259456
  • Assessor Parcel Number: 7421-018-030
  • Lot Location: Corner Lot
  • Lot Size Area: 5532

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: detached
  • Vacancy Rate: 100

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Total Days on Market
55
Current Estimated Value
$727,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.14%

Purchase Details

Closed on
Sep 22, 2012
Sold by
The Island Partners
Bought by
Portillo Maynor and Yuman Claudia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,875
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2012
Closed on
Mar 20, 2012
Sold by
Onewest Bank Fsb
Bought by
The Island Partners
Seller's Agent
Elizabeth Sorgen
Beverly and Company, Inc.
Buyer's Agent
Raul Ramirez
List Price
$175,000
Sold Price
$157,000
Premium/Discount to List
-$18,000
-10.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.81%

Purchase Details

Closed on
Dec 6, 2011
Sold by
Ramirez Hugo and Ramirez Theresa C
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Oct 13, 2004
Sold by
Wakeling Sydney T and Neill Family Trust
Bought by
Wakeling Sydney T and Neill Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 3, 2004
Sold by
Ramirez Theresa C
Bought by
Ramirez Hugo and Ramirez Theresa C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 23, 2003
Sold by
Ramirez Hugo
Bought by
Ramirez Theresa C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
5.81%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 22, 2003
Sold by
Neill Family Trust
Bought by
Ramirez Theresa C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
5.81%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tegel -- --
Portillo Maynor $274,500 Lawyers Title Co
The Island Partners $157,000 Lsi Title Company Ca
Onewest Bank Fsb $173,481 Accommodation
Wakeling Sydney T -- --
Ramirez Hugo -- First American Title Company
Ramirez Theresa C -- Fatcola
Ramirez Theresa C $235,000 First American Title Co Los
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tegel --
Previous Owner Portillo Maynor $205,875
Previous Owner Ramirez Hugo $345,000
Previous Owner Ramirez Hugo $70,500
Previous Owner Ramirez Hugo $262,000
Previous Owner Ramirez Theresa C $47,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2012 03/30/12 Sold $157,000 -10.3% $269 / Sq Ft
03/20/2012 03/20/12 Pending -- -- --
01/25/2012 01/25/12 For Sale $175,000 -- $300 / Sq Ft
Source: The MLS

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 $4,273 $338,014 $184,707 $153,307
2024 $4,273 $331,387 $181,086 $150,301
2023 $4,195 $324,890 $177,536 $147,354
2022 $4,005 $318,520 $174,055 $144,465
2021 $3,953 $312,276 $170,643 $141,633
2020 $3,990 $309,075 $168,894 $140,181
2019 $3,839 $303,016 $165,583 $137,433
2018 $3,774 $297,076 $162,337 $134,739
2016 $3,603 $285,542 $156,034 $129,508
2015 $3,552 $281,254 $153,691 $127,563
2014 $3,576 $275,746 $150,681 $125,065
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Sorgen

    Seller's Agent in 2012

    Elizabeth Sorgen

    Beverly and Company, Inc.

    (310) 927-0916

    3 Total Sales

    Elizabeth Sorgen
    Section Image

  • R

    Buyer's Agent in 2012

    Raul Ramirez

See All Agents

Map

Source: The MLS

MLS Number: 12-577619

The MLS

APN: 7421-018-030

California Los Angeles County Wilmington 90744

1503 Island Ave, Wilmington, CA

This home is located at 1503 Island Ave, Wilmington, CA 90744 since 25 January 2012 and is currently estimated at $727,861, approximately $1,246 per square foot. This property was built in 1936. 1503 Island Ave is a home located in Los Angeles County with nearby schools including Fries Avenue Elementary School, Wilmington Middle School STEAM Magnet, and Phineas Banning Senior High School.

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