R
Seller's Agent in 2013
Ronald Howard
Coldwell Banker Realty
2440 Termino Ave Long Beach, CA 90815
Artcraft Manor NeighborhoodEstimated Value: $1,006,327 - $1,119,000
5
Beds
3
Baths
1,536
Sq Ft
$693/Sq Ft
Est. Value
Highlights
- All Bedrooms Downstairs
- Contemporary Architecture
- No HOA
- Bixby Elementary School Rated 9+
- Wood Flooring
- Laundry Room
About This Home
As of November 2013This property is unique in that it has a permitted bedroom off of the garage and a non-permitted adjoining bathroom which has been rented out to the rear tenant as an extra bedroom making the rear unit bring in $1950 per month. The front unit is leased They presently pay $1250 per month, plus their own utilities. The rear unit has hardwood floors, granite counter tops, and a covered patio with a fenced yard. Really a nice investment with a very high cap rate at 5.46% return for a duplex.
Last Agent to Sell the Property
Ronald Howard
Coldwell Banker Realty License #00430135 Listed on: 10/05/2013
Last Buyer's Agent
Ronald Howard
Coldwell Banker Realty License #00430135 Listed on: 10/05/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1944
Lot Details
- 6,063 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 1 Car Garage
- 2 Carport Spaces
- Parking Available
- Driveway
Home Design
- Contemporary Architecture
- Property Attached
- Composition Roof
- Stucco
Interior Spaces
- 1,536 Sq Ft Home
- Ceiling Fan
- Disposal
- Laundry Room
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms
- All Bedrooms Down
- 3 Bathrooms
Utilities
- Wall Furnace
- Vented Exhaust Fan
Additional Features
- No Interior Steps
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, HVAC maintenance
- Tax Lot 41
- Tax Tract Number 11451
- Assessor Parcel Number 7218004033
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 1 Leased Unit
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $800
- Trash Expense $600
- New Taxes Expense $5,885
- Gross Income $3,200
- Net Operating Income $29,195
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 5, 2013
Closed on
Oct 29, 2013
Sold by
Ferguson Jeffrey L
Bought by
Mcgill Mark and Mcgill Julie
Seller's Agent
Ronald Howard
Coldwell Banker Realty
Buyer's Agent
Ronald Howard
Coldwell Banker Realty
List Price
$535,000
Sold Price
$507,000
Premium/Discount to List
-$28,000
-5.23%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$581,285
Avg. Annual Appreciation
6.28%
Purchase Details
Closed on
Apr 23, 2001
Sold by
Yeaman George A
Bought by
Ferguson Jeffrey L and Ferguson Lisa S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,750
Interest Rate
7.14%
Purchase Details
Closed on
Sep 25, 1999
Sold by
Yeaman George A
Bought by
Yeaman George A and Yeaman Myrtle L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcgill Mark | $507,000 | Old Republic Title Company | |
| Ferguson Jeffrey L | $240,000 | Southland Title Corporation | |
| Yeaman George A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ferguson Jeffrey L | $191,750 | |
| Closed | Ferguson Jeffrey L | $35,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/09/2013 11/09/13 | Sold | $507,000 | -5.2% | $330 / Sq Ft |
| 10/18/2013 10/18/13 | Pending | -- | -- | -- |
| 10/05/2013 10/05/13 | For Sale | $535,000 | -- | $348 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,062 | $621,500 | $435,175 | $186,325 |
| 2024 | $8,062 | $609,315 | $426,643 | $182,672 |
| 2023 | $7,927 | $597,369 | $418,278 | $179,091 |
| 2022 | $7,446 | $585,657 | $410,077 | $175,580 |
| 2021 | $7,298 | $574,175 | $402,037 | $172,138 |
| 2019 | $7,195 | $557,146 | $390,113 | $167,033 |
| 2018 | $6,933 | $546,222 | $382,464 | $163,758 |
| 2016 | $6,379 | $525,013 | $367,613 | $157,400 |
| 2015 | $6,122 | $517,128 | $362,092 | $155,036 |
| 2014 | $6,083 | $507,000 | $355,000 | $152,000 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW13203437
APN: 7218-004-033
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