NOT LISTED FOR SALE

1629 Cherry Ave Unit 305 Long Beach, CA 90813

Central Neighborhood

Estimated Value: $414,000 - $529,000

2 Beds
2 Baths
827 Sq Ft
$314/mo HOA Fee

Last Sold February 23, 2022

Last sale price $420,000 $508 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,240/month

40 Days on Market

Highlights

  • Gated Parking
  • City View
  • Wood Flooring
  • Long Beach Polytechnic High School Rated A
  • 0.39 Acre Lot
  • High Ceiling

About This Home

As of February 2022

Welcome home to this bright and airy penthouse condo. Lovingly restored and renovated, innovative reimagining has brought this 2 bed/2 bath Long Beach gem to the forefront of city living. Enjoy the vaulted ceilings in your spacious living room, as it welcomes you to the home's comforting and light-filled indoor space. Cooking will be a treat in your kitchen, which features stainless steel appliances, an oversized sink, and dishwasher. The balcony, which extends from the living room to the primary suite, is well-suited for al fresco dining, with sweeping views from downtown Long Beach to the Palos Verdes Peninsula. Other features include a primary ensuite bathroom, in-unit washer and dryer, crown molding throughout the unit, and gated parking (2 separate non-tandem spots). This home, designed for chic penthouse city living, is a welcome sanctuary.

Last Agent to Sell the Property

Matthew Aprea

Compass License #02007791 Listed on: 11/15/2021

Compass

Last Buyer's Agent

David Gonzales

Realty ONE Group Diamond License #01262246

Realty ONE Group Diamond

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,659

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • 0.39

HOA Fees

  • $314 Monthly HOA Fees

Property Views

  • City
  • Trees
  • Hills

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 827 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Ceiling Fan
  • Window Screens
  • Dining Area

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Gated Parking

Utilities

  • Central Heating
  • Sewer in Street

Additional Features

  • Balcony
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 7261-008-049

Community Details

Overview

  • 24 Units
  • Association Phone (562) 494-2649

Amenities

  • Trash Chute
  • Lobby
  • Elevator

Pet Policy

  • Pet Size Limit
  • Call for details about the types of pets allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,659

Year Built

Built in 1988 | Remodeled

Lot Details

0

HOA Fees

$314 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Unknown
  • Street Number Display: Yes
  • Complex Name: Signal Terrace Homeowners Association
  • Entry Floor: 3
  • Entry Location: Elevator
  • Living Area: 827
  • Lot Acreage: 0.3908
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Unit Floor In Building: 3
  • Year Built: 1988
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Wood, Tile
  • Bedrooms: 2
  • Fireplaces: 0
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Family Kitchen, Breakfast Nook
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Washer, Garbage Disposal, Freezer, Refrigerator, Range/Oven, Hood Fan, Elevator
  • Fireplace: No
  • Price Per S Q F T: 470.37
  • Windows: Screens

Exterior Features

  • Balcony: Yes
  • Other Features: Balcony, High Ceilings (9 Feet+)
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City, Tree Top, Hills
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Community Garage, Assigned, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Heating: Central
  • Security: Smoke Detector, Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Sewer: In Street
  • Water: Public

Association/Amenities

  • Amenities: Elevator, Gated Parking
  • Pet Rules: Assoc Pet Rules, Call, Permitted Types, Weight Limit

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • High Rise: Entrance Lobby, Trash Chute, Passenger Elevator
  • HOA Fees: 314.25
  • Phone: 5624942649|
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 7261-008-049
  • Lot Location: City
  • Lot Size Area: 17022

Multi Family

  • Number Of Units: 24

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Jan 3, 2022
Sold by
Raymond Palmer
Bought by
Aguilera Joe
Seller's Agent
Matthew Aprea
Compass
Buyer's Agent
David Gonzales
Realty ONE Group Diamond
List Price
$389,000
Sold Price
$420,000
Premium/Discount to List
$31,000
7.97%
Current Estimated Value
$460,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,564
Avg. Annual Appreciation
2.93%
Original Mortgage
$429,660
Interest Rate
3.55%
Mortgage Type
VA

Purchase Details

Listed on
Apr 18, 2017
Closed on
Jun 21, 2017
Sold by
Gomez Christina C
Bought by
Palmer Raymond
Seller's Agent
Alexandru Georgescu
T.N.G. Real Estate Consultants
Buyer's Agent
Matthew Aprea
Compass
List Price
$299,800
Sold Price
$288,419
Premium/Discount to List
-$11,381
-3.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.51%
Original Mortgage
$273,998
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Gomez Christina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,200
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2008
Sold by
Nevera Nonette and Mangahas Romina
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 27, 2005
Sold by
Nevera Rene Alejo
Bought by
Nevera Nonette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
5.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 14, 2005
Sold by
Bucciarelli Thomas
Bought by
Nevera Nonette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
5.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 25, 2004
Sold by
Long Mattie M
Bought by
Bucciarelli Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2001
Sold by
Griff John R
Bought by
Long Mattie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,053
Interest Rate
7%

Purchase Details

Closed on
Feb 19, 1998
Sold by
Cowan John
Bought by
Griff John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
6.9%

Purchase Details

Closed on
May 9, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Cowan John

Purchase Details

Closed on
Jul 3, 1996
Sold by
Gmac Mtg Corp Of Pa
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jul 2, 1996
Sold by
Reeves Timothy D and Gmac Mtg Corp Of Pa
Bought by
Gmac Mtg Corp Of Pa
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
Aguilera Joe $420,000 Chicago Title
Palmer Raymond $288,500 Ticor Title Company
Gomez Christina C $121,500 None Available
Federal Home Loan Mortgage Corporation $209,156 Accommodation
Nevera Nonette M -- Ticor Title Co Glendale
Nevera Nonette $295,000 Ticor Title Co Glendale
Bucciarelli Thomas $185,000 North American Title Co
Long Mattie M $95,000 Fidelity Title
Griff John R $40,000 Fidelity National Title
Cowan John $32,500 First American Title
Federal Home Loan Mortgage Corporation -- First American Title Ins Co
Gmac Mtg Corp Of Pa $42,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aguilera Joe $429,660
Previous Owner Palmer Raymond $273,998
Previous Owner Gomez Christina C $84,926
Previous Owner Gomez Christina C $97,200
Previous Owner Nevera Nonette $59,000
Previous Owner Nevera Nonette $59,000
Previous Owner Nevera Nonette $236,000
Previous Owner Bucciarelli Thomas $228,000
Previous Owner Bucciarelli Thomas $185,000
Previous Owner Long Mattie M $92,053
Previous Owner Griff John R $28,000
Closed Long Mattie M $2,847
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Sold $420,000 0.0% $508 / Sq Ft
12/26/2021 12/26/21 Pending -- -- --
12/24/2021 12/24/21 Off Market $420,000 -- --
12/21/2021 12/21/21 For Sale $389,000 0.0% $470 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $389,000 +34.9% $470 / Sq Ft
07/21/2017 07/21/17 Sold $288,419 -0.5% $349 / Sq Ft
06/17/2017 06/17/17 Pending -- -- --
06/07/2017 06/07/17 Price Changed $289,800 -3.3% $350 / Sq Ft
04/18/2017 04/18/17 For Sale $299,800 -- $363 / 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 $5,659 $445,706 $258,934 $186,772
2024 $5,659 $436,967 $253,857 $183,110
2023 $5,563 $428,400 $248,880 $179,520
2022 $3,819 $309,220 $170,050 $139,170
2021 $3,740 $303,158 $166,716 $136,442
2020 $3,729 $300,050 $165,007 $135,043
2019 $3,683 $294,168 $161,772 $132,396
2018 $3,595 $288,400 $158,600 $129,800
2016 $1,709 $132,165 $26,431 $105,734
2015 $1,643 $130,180 $26,034 $104,146
2014 $1,637 $127,631 $25,525 $102,106
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-105015

The MLS

APN: 7261-008-049