NOT LISTED FOR SALE

Estimated Value: $2,102,000 - $2,451,000

5 Beds
3 Baths
3,298 Sq Ft
$692/Sq Ft Est. Value

Last Sold May 29, 2015

Last sale price $1,400,000 $424 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $13,748/month

20 Days on Market

Highlights

  • Marina
  • Ocean Side of Highway 1
  • Fireplace in Primary Bedroom
  • Woodrow Wilson High School Rated A
  • Colonial Architecture
  • 4-minute walk to Bluff Park

About This Home

As of May 2015

We are pleased to present a true Long Beach landmark, this Georgian Colonial-Revival brick home/duplex sits on a beautiful
ocean view corner lot. Designed and built for Dr. A.C. Sellery, the co-founder of Seaside Hospital, which later became
Long Beach Memorial Hospital. The architect W. Horace Austin, known for his many prominent Long Beach landmark
structures. A separate two-car garage fronting on Molino Ave, with a newly remodeled second-floor one bedroom/one
bath cottage separately metered. A stately brick column pergola between the main house and guest cottage.
Main house features include formal entry with a large oak and mahogany front door, four bedrooms, 2.5 bathrooms,
downstairs library/study or office, a spacious living room with fireplace, formal dining room fully paneled in natural
cross grain tiger oak, kitchen has been remodeled with butcher block counters and vintage stamped tin ceiling.
Basement is enclosed and improved to accommodate wine storage. New dual zoned forced air heating, new plumbing
and entire house has been rewired to current codes. located in historic Bluff Park one street off the beach!

Last Agent to Sell the Property

Mark Wilson

Coldwell Banker Realty License #00993746 Listed on: 03/18/2015

Coldwell Banker Realty

Last Buyer's Agent

Mark Wilson

Coldwell Banker Realty License #00993746 Listed on: 03/18/2015

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913 | Remodeled

Lot Details

  • 6,747 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Georgian Architecture
  • Tile Roof

Interior Spaces

  • 3,298 Sq Ft Home
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Bathrooms

Additional Features

  • Ocean Side of Highway 1
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 7264
  • Assessor Parcel Number 7264025019

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Marina

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $6,000
  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1913 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Bluff Park (BLF)
  • Architectural Style: Colonial, Georgian
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7264025019
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Fireplace Features: Living Room, Master Bedroom
  • Price Per Square Foot: 424.50

Exterior Features

  • Pool Private: No
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Water Source: Public

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6747.00
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Income: 6000.00
  • Gross Scheduled Income: 72000.00
  • Lot Size Area: 6747.0000 Square Feet
  • Net Operating Income: 72000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Waterfront Features: Marina in Community, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 7264
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2015
Closed on
Apr 13, 2015
Sold by
Westfall Michael R and Westfall Sharon T G
Bought by
Pham Thong Chinh
Seller's Agent
Mark Wilson
Coldwell Banker Realty
Buyer's Agent
Mark Wilson
Coldwell Banker Realty
List Price
$1,550,000
Sold Price
$1,400,000
Premium/Discount to List
-$150,000
-9.68%
Current Estimated Value
$2,283,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$883,371
Avg. Annual Appreciation
4.73%
Original Mortgage
$625,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 18, 2015
Closed on
Apr 10, 2015
Sold by
Pham Bachyen Thi
Bought by
Pham Thong Chinh
Seller's Agent
Mark Wilson
Coldwell Banker Realty
Buyer's Agent
Mark Wilson
Coldwell Banker Realty
List Price
$1,550,000
Sold Price
$1,400,000
Premium/Discount to List
-$150,000
-9.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2013
Sold by
Westfall Michael R and Westfall Sharon T G
Bought by
Westfall Michael R and Westfall Sharon T G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.53%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 29, 2008
Sold by
Westfall Michael R
Bought by
Westfall Michael R and Westfall Sharon T G

Purchase Details

Closed on
Jun 19, 1997
Sold by
Airth Gizella and Teglasi Family Trust
Bought by
Mcgrath Patricia E and Hunter Family 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
Pham Thong Chinh $1,400,000 Old Republic Title Company
Pham Thong Chinh -- Old Republic Title Company
Westfall Michael R -- Ticor Title San Diego
Westfall Michael R -- None Available
Westfall Michael R -- None Available
Mcgrath Patricia E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pham Thong Chinh $625,000
Previous Owner Westfall Michael R $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/29/2015 05/29/15 Sold $1,400,000 0.0% $424 / Sq Ft
05/29/2015 05/29/15 Sold $1,400,000 -9.7% $424 / Sq Ft View Prior Sale
04/08/2015 04/08/15 Pending -- -- --
04/07/2015 04/07/15 Pending -- -- --
03/18/2015 03/18/15 For Sale $1,550,000 0.0% $470 / Sq Ft
02/04/2015 02/04/15 Price Changed $1,550,000 +3.3% $470 / Sq Ft
02/03/2015 02/03/15 Price Changed $1,500,000 -9.0% $455 / Sq Ft
12/04/2014 12/04/14 For Sale $1,649,000 -- $500 / 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 $20,984 $1,682,583 $1,201,846 $480,737
2024 $20,984 $1,649,592 $1,178,281 $471,311
2023 $20,638 $1,617,248 $1,155,178 $462,070
2022 $19,358 $1,585,538 $1,132,528 $453,010
2021 $18,983 $1,554,450 $1,110,322 $444,128
2020 $18,932 $1,538,513 $1,098,938 $439,575
2019 $18,710 $1,508,347 $1,077,391 $430,956
2018 $18,211 $1,478,772 $1,056,266 $422,506
2016 $16,740 $1,421,350 $1,015,250 $406,100
2015 $7,443 $627,624 $309,559 $318,065
2014 -- $600,163 $303,496 $296,667
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15056463

California Regional Multiple Listing Service (CRMLS)

APN: 7264-025-019