NOT LISTED FOR SALE

2505 E 1st St Long Beach, CA 90803

Bluff Park Neighborhood

Estimated Value: $1,890,000 - $2,294,000

5 Beds
3 Baths
2,908 Sq Ft
$716/Sq Ft Est. Value

Last Sold June 19, 2014

Last sale price $1,050,000 $361 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $12,218/month

15 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Back Yard
  • Woodrow Wilson High School Rated A

About This Home

As of June 2014

Historical two story Craftsman just one block to the ocean on large lot with mature trees near Belmont Shore and Downtown Long Beach. Solid wood floors throughout, four bedrooms and two bathrooms upstairs and one bedroom one bath down stairs, plus living room with fireplace, dining room and study with French doors to large front porch and carport. Has a large eat in kitchen, inside laundry and basement.

Last Agent to Sell the Property

Philip DeMatteo

First Team Real Estate License #01384378 Listed on: 05/08/2014

First Team Real Estate

Last Buyer's Agent

Craig Christensen

Newport Realty License #01746332

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1914

Lot Details

  • 8,280 Sq Ft Lot
  • Back Yard

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,908 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 5767
  • Assessor Parcel Number 7264026017

Home Details

Home Type

Single Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Alamitos Heights (AH)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7264026017
  • Year Built: 1914
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2908.00
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 361.07
  • Room Type: All Bedrooms Up, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 8280.00
  • Lot Size Acres: 0.1900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8280.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 17
  • Tax Tract Number: 5767

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2014
Closed on
May 29, 2014
Sold by
Desmond Walter J
Bought by
Michael & Teresa Mortensen 2006 Trust
Seller's Agent
Philip DeMatteo
First Team Real Estate
Buyer's Agent
Craig Christensen
Newport Realty
List Price
$999,000
Sold Price
$1,050,000
Premium/Discount to List
$51,000
5.11%
Current Estimated Value
$2,081,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,031,182
Avg. Annual Appreciation
6.10%
Original Mortgage
$840,000
Outstanding Balance
$697,666
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,383,516

Purchase Details

Closed on
Jun 2, 2009
Sold by
Desmond Walter J
Bought by
Desmond Walter J and Walter & Ann Desmond 2008 Trust

Purchase Details

Closed on
Aug 15, 1997
Sold by
Desmond Walter J
Bought by
The Walter J Desmond 1997 Revocable Tr

Purchase Details

Closed on
Aug 10, 1994
Sold by
Desmond Walter J
Bought by
Desmond Walter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,680
Interest Rate
9.16%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jun 27, 1994
Sold by
Turner Kim D
Bought by
Anderson Kim D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,680
Interest Rate
9.16%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Michael & Teresa Mortensen 2006 Trust $1,050,000 Western Resources Title Co
Desmond Walter J -- None Available
The Walter J Desmond 1997 Revocable Tr -- --
Desmond Walter J -- First American Title Company
Anderson Kim D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael & Teresa Mortensen 2006 Trust $840,000
Previous Owner Desmond Walter J $248,680
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2014 06/19/14 Sold $1,050,000 +5.1% $361 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $999,000 -- $344 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,164 $1,293,062 $1,029,718 $263,344
2024 $16,164 $1,267,709 $1,009,528 $258,181
2023 $15,897 $1,242,853 $989,734 $253,119
2022 $14,914 $1,218,484 $970,328 $248,156
2021 $14,622 $1,194,593 $951,302 $243,291
2019 $14,411 $1,159,163 $923,087 $236,076
2018 $14,026 $1,136,436 $904,988 $231,448
2016 $12,914 $1,087,309 $869,848 $217,461
2015 $12,387 $1,070,978 $856,783 $214,195
2014 $2,034 $155,156 $72,178 $82,978
Source: Public Records

Agents Affiliated with this Home

  • Philip DeMatteo

    Seller's Agent in 2014

    Philip DeMatteo

    First Team Real Estate

    (562) 506-1586

    1 in this area

    257 Total Sales

    Philip DeMatteo
    Section Image

  • C

    Buyer's Agent in 2014

    Craig Christensen

    Newport Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14096324

California Regional Multiple Listing Service (CRMLS)

APN: 7264-026-017

California Los Angeles County Long Beach 90803 Bluff Park

2505 E 1st St, Long Beach, CA

Not Listed for Sale

Detached

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