NOT LISTED FOR SALE

Estimated Value: $861,000 - $1,794,000

3 Beds
2 Baths
1,450 Sq Ft
3,398 Sq Ft Lot

Sale Details

Date Sold: November 1, 2012

Last sale price $665,000 $459 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $7,373 / mo

337 Days on Market

Highlights

  • Ocean View
  • Private Pool
  • Family Room Off Kitchen
  • Long Beach Polytechnic High School Rated A
  • 0.08 Acre Lot
  • 4-minute walk to Bixby Park

About This Home

As of November 2012

PALACIO DEL MAR..'Palace on the Sea'...is a unique mid-rise building of only 18 total units. Only 6 of these can be reached via a private elevator to their own floor, then you enter with a 180 degree ocean view. This lovely condo is one of them!! Tiled flooring throughout & carpeted bedrooms only,living room with beveled mirrored wall and gas fireplace. Dining room off the open remodeled kitchen..all with private deck & view. Separate spacious den/office with wet bar and cabinets. Inside laundry room, central A/C & ceiling sprinklers. Master bedroom with ocean view, mirrored and built in organized closet & wall mirrors. Huge locked storage unit inside and across from the front door. Association roof top deck, clubroom, BBQ and secure bike room.

Last Agent to Sell the Property

Jim Italiano

Coldwell Banker Realty License #00756275 Listed on: 11/11/2011

Last Buyer's Agent

Denise Reesha

Keller Williams Pacific Estate License #01411207

Keller Williams Pacific Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1989

Lot Details

  • 3,398

HOA Fees

  • $418 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Public Parking
  • Parking Available
  • Community Parking Structure

Property Views

  • Ocean
  • Catalina
  • City Lights

Home Design

  • Flat Tile Roof
  • Stucco

Interior Spaces

  • 1,450 Sq Ft Home
  • Fireplace With Gas Starter
  • Family Room Off Kitchen

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Pool

  • Private Pool
  • Spa

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 0.33
  • Tax Tract Number 36509
  • Assessor Parcel Number 7265017030

Community Details

Overview

  • 18 Units

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Year Built

Built in 1989

Lot Details

3,398 Sq Ft Lot

HOA Fees

$418 per month

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: PALACIO DEL MAR
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265017030
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1450.00
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Family Kitchen
  • Fireplace Features: Gas Starter
  • Levels: One
  • Price Per Square Foot: 458.62
  • Spa Features: Association

Exterior Features

  • View: Catalina, City Lights, Ocean
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Flat Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Community Structure, Public
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 418.00
  • Association Fee Frequency: Monthly
  • Senior Community: No

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 3400.00
  • Lot Size Acres: 0.0780

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3400.0000 Square Feet
  • Number Of Units In Community: 18
  • Number Of Units Total: 18

Tax Info

  • Tax Lot: 0.33
  • Tax Tract Number: 36509

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2014
Sold by
Hejjawi Reem
Bought by
Hijjawi Reem Hisham and The Reem Hisham Hijjawi Living Trust
Current Estimated Value
$1,150,769

Purchase Details

Listed on
Nov 11, 2011
Closed on
Oct 12, 2012
Sold by
Lachmansingh Eleanor
Bought by
Hejjawi Reem
Seller's Agent
Jim Italiano
Coldwell Banker Realty
Buyer's Agent
Denise Reesha
Keller Williams Pacific Estate
List Price
$839,000
Sold Price
$665,000
Premium/Discount to List
-$174,000
-20.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.16%

Purchase Details

Closed on
Jan 20, 2009
Sold by
Lachmansingh Charles
Bought by
Lachmansingh Charles and Lachmansingh Eleanor

Purchase Details

Closed on
Dec 12, 2000
Sold by
Giacopuzzi John B
Bought by
Lachmansingh Charles and Lachmansingh Eleanor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,550
Interest Rate
7.71%

Purchase Details

Closed on
Jun 3, 1999
Sold by
Lott Sheila H
Bought by
Giacopuzzi John B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.2%
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
Hijjawi Reem Hisham -- None Available
Hejjawi Reem $665,000 Fidelity National Title Co
Lachmansingh Charles -- None Available
Lachmansingh Charles $470,000 Fidelity Title
Giacopuzzi John B -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lachmansingh Charles $311,550
Previous Owner Giacopuzzi John B $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2012 11/01/12 Sold $665,000 -4.9% $459 / Sq Ft
10/13/2012 10/13/12 Pending -- -- --
09/17/2012 09/17/12 Price Changed $699,000 -9.1% $482 / Sq Ft
07/24/2012 07/24/12 Price Changed $769,000 -2.5% $530 / Sq Ft
06/13/2012 06/13/12 Price Changed $789,000 -6.0% $544 / Sq Ft
11/11/2011 11/11/11 For Sale $839,000 -- $579 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,244 $818,888 $332,481 $486,407
2024 $10,244 $802,832 $325,962 $476,870
2023 $10,074 $787,091 $319,571 $467,520
2022 $9,448 $771,658 $313,305 $458,353
2021 $9,265 $756,528 $307,162 $449,366
2019 $9,132 $734,091 $298,052 $436,039
2018 $8,923 $719,698 $292,208 $427,490
2016 $8,206 $691,753 $280,862 $410,891
2015 $7,871 $681,364 $276,644 $404,720
2014 $7,809 $668,018 $271,225 $396,793
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P802885

California Regional Multiple Listing Service (CRMLS)

APN: 7265-017-030

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