NOT LISTED FOR SALE

178 Prospect Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,276,000 - $1,576,000

3 Beds
1.5 Baths
1,232 Sq Ft
$1,126/Sq Ft Est. Value

Last Sold August 21, 2023

Last sale price $1,300,000 $1,055 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,292/month

8 Days on Market

Highlights

  • Engineered Wood Flooring
  • Spanish Architecture
  • Built-In Features
  • Lowell Elementary School Rated A-
  • No HOA
  • 5-minute walk to Livingston Drive Park

About This Home

As of August 2023

Lowest priced house in the Shore, what an opportunity!! Set behind tall gates and hedges for the ultimate in privacy, and with an expansive yard for entertaining, this fully gated 1924 original Spanish cottage is full of charm and updated with modern conveniences. Just blocks from the beach, this adorable home was remodeled in 2022 with a new kitchen and bathroom, along with the addition of a new 1/2 bathroom. Updates include all new plumbing/waste/sewer lines, a new tankless water heater, a new 200-amp electrical panel, new appliances, new air conditioning, new custom arched French doors to access the yard, a built-in mud bench, Ring alarm system and security cameras, an epoxied garage floor, an automatic driveway gate, an electric car charger and more! The new kitchen has custom cabinets, stainless steel appliances, a large single basin farm sink, expansive countertops, eat-in bar seating, and a pantry with pull-out shelves. Additionally, downstairs, there is also a living room, dining room and powder room, all with wide plank wood floors and charming arches and original arched windows. Upstairs, find three large bedrooms and a renovated full bath. The attached single car garage houses the washer and dryer and utility sink. Outside, find two different yard spaces with artificial grass, which can be connected for a large space. There is also a driveway with parking for two cars behind an automatic gate. Located on a small frontage road, this private two-story home is unlike any other in the Shore. In an ultra-convenient location, just three short blocks from the beach, and less than one block from the shops and restaurants on Second Street, this home is great for end users, but would also be a perfect investment property/short-term rental.

Last Agent to Sell the Property

Alison White

Alison White Homes License #01859601 Listed on: 07/19/2023

Last Buyer's Agent

Jesse Dougherty

Compass License #01949609

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1924

Lot Details

  • 2,486 Sq Ft Lot
  • Lot Dimensions are 54x45
  • Property is zoned LBR2S

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,232 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Engineered Wood Flooring
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Electric Vehicle Home Charger
  • Auto Driveway Gate
  • Driveway

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7256-024-001

Home Details

Home Type

Single Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 1232
  • Lot Acreage: 0.0571
  • Lot Dimensions: 54x45
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Engineered Hardwood, Wood
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Ceiling Fan, Garbage Disposal, Microwave, Water Line to Refrigerator, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 973.21

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Auto Driveway Gate, Electric Vehicle Charging Station(s), Driveway Gate, Garage - 1 Car, Driveway - Concrete
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 7256-024-001
  • Lot Size Area: 2486

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2023
Closed on
Aug 3, 2023
Sold by
Alison S White Trust
Bought by
Condon Kenneth H and Chapman Elizabeth L
Seller's Agent
Alison White
Alison White Homes
Buyer's Agent
Jesse Dougherty
Compass
List Price
$1,199,000
Sold Price
$1,300,000
Premium/Discount to List
$101,000
8.42%
Views
180
Current Estimated Value
$1,332,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,387
Avg. Annual Appreciation
2.70%
Original Mortgage
$975,000
Outstanding Balance
$952,783
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$434,087

Purchase Details

Listed on
Jan 21, 2022
Closed on
Feb 9, 2022
Sold by
Wessel and Camille
Bought by
Alison S White Trust
Seller's Agent
Spencer Snyder
The Agency
Buyer's Agent
Alison White
Alison White Homes
List Price
$1,179,000
Sold Price
$1,150,000
Premium/Discount to List
-$29,000
-2.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.08%
Original Mortgage
$862,500
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2019
Closed on
Oct 31, 2019
Sold by
Caole Patricia and Stewart H Millstone 2003 Trust
Bought by
Wessel Nathaniel and Hovarter Camille
Seller's Agent
Carleton Carlson
Re/Max R. E. Specialists
Buyer's Agent
Carleton Carlson
Re/Max R. E. Specialists
List Price
$849,000
Sold Price
$776,000
Premium/Discount to List
-$73,000
-8.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.48%
Original Mortgage
$738,705
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
May 22, 2003
Sold by
Millstone Stewart H
Bought by
Millstone Stewart H and Stewart H Millstone 2003 Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Condon Kenneth H $1,300,000 Ticor Title
Alison S White Trust $1,150,000 Ticor Title
Wessel Nathaniel $776,000 Fidelity Natl Ttl Co Long Be
Millstone Stewart H -- --
Millstone Stewart H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Condon Kenneth H $975,000
Previous Owner Alison S White Trust $862,500
Previous Owner Wessel Nathaniel $738,705
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/21/2023 08/21/23 Sold $1,300,000 +8.4% $1,055 / Sq Ft
07/27/2023 07/27/23 Pending -- -- --
07/19/2023 07/19/23 For Sale $1,199,000 +4.3% $973 / Sq Ft
03/24/2022 03/24/22 Sold $1,150,000 -2.5% $933 / Sq Ft View Prior Sale
02/07/2022 02/07/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $1,179,000 +51.9% $957 / Sq Ft
11/27/2019 11/27/19 Sold $776,000 -2.9% $630 / Sq Ft View Prior Sale
11/01/2019 11/01/19 Pending -- -- --
10/25/2019 10/25/19 Price Changed $799,000 -3.0% $649 / Sq Ft
10/22/2019 10/22/19 Price Changed $824,000 -2.9% $669 / Sq Ft
10/01/2019 10/01/19 For Sale $849,000 -- $689 / 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 $16,482 $1,326,000 $1,060,800 $265,200
2024 $16,482 $1,300,000 $1,040,000 $260,000
2023 $14,946 $1,173,000 $938,400 $234,600
2022 $9,850 $799,718 $639,775 $159,943
2021 $9,660 $784,038 $627,231 $156,807
2019 $884 $53,795 $48,107 $5,688
2018 $820 $52,741 $47,164 $5,577
2017 $810 $51,708 $46,240 $5,468
2016 $749 $50,695 $45,334 $5,361
2015 $724 $49,935 $44,654 $5,281
2014 $725 $48,958 $43,780 $5,178
Source: Public Records

Agents Affiliated with this Home

  • Alison White

    Seller's Agent in 2023

    Alison White

    Alison White Homes

    (310) 717-7713

    2 in this area

    38 Total Sales

    Alison White
    Section Image
  • Jesse Dougherty

    Buyer's Agent in 2023

    Jesse Dougherty

    Compass

    (310) 995-4475

    1 in this area

    177 Total Sales

    Jesse Dougherty
    Section Image
  • Spencer Snyder

    Seller's Agent in 2022

    Spencer Snyder

    The Agency

    (562) 355-0334

    6 in this area

    141 Total Sales

    Spencer Snyder
    Section Image

  • C

    Seller's Agent in 2019

    Carleton Carlson

    RE/MAX

    Section Image
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Map

Source: The MLS

MLS Number: 23-292333

The MLS

APN: 7256-024-001

California Los Angeles County Long Beach 90803 Belmont Shore

178 Prospect Ave, Long Beach, CA

Not Listed for Sale

Detached

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