NOT LISTED FOR SALE

2550 Olive Ave Long Beach, CA 90806

Estimated Value: $734,000 - $961,000

3 Beds
2 Baths
1,280 Sq Ft
$660/Sq Ft Est. Value

Last Sold September 07, 2018

Last sale price $565,000 $441 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,085/month

4 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property

About This Home

As of September 2018

Adorable renovated bungalow!! This home has it all - zoned R2 on a huge lot, massive frontyard and private backyard perfect for entertaining! Updated kitchen, bathrooms, and the list goes on! Located in the historic pocket of Sunrise and Signal Hill adjacent. A short drive to Steelcraft, Long Beach airport and the newly developed Long Beach Exchange with restaurants and shops.

Last Agent to Sell the Property

Suzanna Willingham

Bullock Russell RE Services License #01927717 Listed on: 07/30/2018

Bullock Russell RE Services

Last Buyer's Agent

Kerry Castillo

Century 21 Masters License #02015304

Century 21 Masters

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,966

Year Built

  • Built in 1908

Lot Details

  • 7,617 Sq Ft Lot
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre
  • Property is zoned LBR2N

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,280 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Suburban Location
  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 5732
  • Assessor Parcel Number 7211003004

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,966

Year Built

Built in 1908

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: LBR2N
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7211003004
  • Year Built: 1908
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1280.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 441.41
  • Room Type: All Bedrooms Down, Master Bathroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 7617.00

Multi Family

  • Lease Considered: No
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5732.01
  • Tax Lot: 3
  • Tax Tract Number: 5732

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2018
Closed on
Aug 31, 2018
Sold by
Weaver Aehui
Bought by
Weaver Ray A
Seller's Agent
Suzanna Willingham
Bullock Russell RE Services
Buyer's Agent
Kerry Castillo
Century 21 Masters
List Price
$559,000
Sold Price
$565,000
Premium/Discount to List
$6,000
1.07%
Current Estimated Value
$844,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,543
Avg. Annual Appreciation
5.79%
Original Mortgage
$452,000
Outstanding Balance
$392,544
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$451,999

Purchase Details

Listed on
Jul 30, 2018
Closed on
Aug 7, 2018
Sold by
Valley Property Investors Llc
Bought by
Weaver Bryan K and Weaver Ray A
Seller's Agent
Suzanna Willingham
Bullock Russell RE Services
Buyer's Agent
Kerry Castillo
Century 21 Masters
List Price
$559,000
Sold Price
$565,000
Premium/Discount to List
$6,000
1.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Outstanding Balance
$392,544
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$451,999

Purchase Details

Listed on
Mar 16, 2018
Closed on
Mar 26, 2018
Sold by
Radical Enterprises Inc
Bought by
Valley Property Investors Llc
Seller's Agent
Douglas Carrillo
Century 21 Allstars
Buyer's Agent
Douglas Carrillo
Century 21 Allstars
List Price
$414,900
Sold Price
$408,000
Premium/Discount to List
-$6,900
-1.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
117.09%
Original Mortgage
$295,000
Interest Rate
3.99%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 16, 2018
Closed on
Feb 6, 2018
Sold by
Ramirez Elva T
Bought by
Radical Enterprises Inc
Seller's Agent
Douglas Carrillo
Century 21 Allstars
Buyer's Agent
Douglas Carrillo
Century 21 Allstars
List Price
$414,900
Sold Price
$408,000
Premium/Discount to List
-$6,900
-1.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.99%
Mortgage Type
Construction
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
Weaver Ray A -- Lawyers Title Company
Weaver Bryan K $565,000 Lawyers Title Company
Valley Property Investors Llc $408,000 North American Title Company
Radical Enterprises Inc $325,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weaver Bryan K $452,000
Previous Owner Radical Enterprises Inc $295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/07/2018 09/07/18 Sold $565,000 +1.1% $441 / Sq Ft
08/03/2018 08/03/18 Pending -- -- --
07/30/2018 07/30/18 For Sale $559,000 +37.0% $437 / Sq Ft
04/05/2018 04/05/18 Sold $408,000 -1.7% $319 / Sq Ft View Prior Sale
03/16/2018 03/16/18 Pending -- -- --
03/16/2018 03/16/18 For Sale $414,900 -- $324 / 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 $7,966 $630,262 $446,205 $184,057
2024 $7,966 $617,905 $437,456 $180,449
2023 $7,831 $605,790 $428,879 $176,911
2022 $7,349 $593,913 $420,470 $173,443
2021 $7,203 $582,269 $412,226 $170,043
2019 $7,099 $565,000 $400,000 $165,000
2018 $3,081 $237,758 $171,193 $66,565
2016 $2,831 $228,528 $164,547 $63,981
2015 $2,720 $225,096 $162,076 $63,020
2014 $2,707 $220,688 $158,902 $61,786
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Suzanna Willingham

    Bullock Russell RE Services

    (949) 230-8388

    21 Total Sales

    Suzanna Willingham
    Section Image
  • Douglas Carrillo

    Seller's Agent in 2018

    Douglas Carrillo

    Century 21 Allstars

    (562) 863-2121

    81 Total Sales

    Douglas Carrillo
    Section Image

  • K

    Buyer's Agent in 2018

    Kerry Castillo

    Century 21 Masters

    Section Image
  • Melinda Elmer

    Buyer Co-Listing Agent in 2018

    Melinda Elmer

    Century 21 Masters

    (562) 316-2915

    21 in this area

    267 Total Sales

    Melinda Elmer
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18183098

California Regional Multiple Listing Service (CRMLS)

APN: 7211-003-004

California Los Angeles County Long Beach 90755

2550 Olive Ave, Long Beach, CA

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