NOT LISTED FOR SALE

2720 E 56th Way Long Beach, CA 90805

Paramount Neighborhood

Estimated Value: $711,000 - $808,000

2 Beds
1 Bath
880 Sq Ft
$861/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $640,000 $727 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,769/month

11 Days on Market

Highlights

  • No HOA
  • Cottage
  • 1 Car Attached Garage
  • Holmes Elementary School Rated A-
  • Breakfast Area or Nook
  • 4-minute walk to Davenport Park

About This Home

As of November 2021

This lovely two-bedroom cottage-style home is bright and airy and move-in ready. From the well-designed living space to the large private backyard, there is plenty of room for the family to enjoy. Has fruit trees! Avacado, orange, tangerine, lemon, and fig for your enjoyment. Property is near Davenport Park, public schools, and Lakewood Shopping center. Access to 710, 91 & 405 for an easy commute to LA or Orange County. A great starter home.

Last Agent to Sell the Property

Greg Stangl

The Agency License #01440433 Listed on: 10/14/2021

The Agency

Co-Listed By

Arrington Williams

The Agency License #01986804

Last Buyer's Agent

Champagne Mora

License #01271524

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,680

Year Built

  • Built in 1961

Lot Details

  • 5,063 Sq Ft Lot
  • Lot Dimensions are 45x110
  • North Facing Home
  • Brick Fence
  • Front and Back Yard Sprinklers
  • Property is zoned LBR1N

Parking

  • 1 Car Attached Garage

Home Design

  • Cottage

Interior Spaces

  • 880 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Disposal

Flooring

  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in Kitchen
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Open Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7157-010-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,680

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cottage
  • Street Number Display: Yes
  • Living Area: 880
  • Lot Acreage: 0.1162
  • Lot Dimensions: 45x110
  • Stories: 1
  • Year Built: 1961
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Laminate, Linoleum
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Kitchen
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Garbage Disposal, Range/Oven, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 710.23

Exterior Features

  • Direction Faces: North
  • Other Structures: None
  • Fence: Brick
  • Pool: No
  • Spa Yn: No
  • View: Yes

Garage/Parking

  • Parking Garage: Attached
  • Total Parking: 1

Utilities

  • Cooling: Wall Unit(s), Electric
  • Heating: Wall, Electric

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Front, Rear
  • Assessor Parcel Number: 7157-010-005
  • Lot Size Area: 5063

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2021
Closed on
Nov 17, 2021
Sold by
Ellwood Garth
Bought by
Ellwood Ponnara Bun
Seller's Agent
Greg Stangl
The Agency
Buyer's Agent
Champagne Mora
List Price
$625,000
Sold Price
$640,000
Premium/Discount to List
$15,000
2.4%
Current Estimated Value
$738,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,910
Avg. Annual Appreciation
4.61%
Original Mortgage
$516,000
Outstanding Balance
$474,807
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$282,826

Purchase Details

Listed on
Oct 14, 2021
Closed on
Nov 16, 2021
Sold by
Ellwood Ponnnara Bun and Bun Ponnara
Bought by
Salmon Kenneth Eugene and Alvarez Ana Luisa
Seller's Agent
Greg Stangl
The Agency
Buyer's Agent
Champagne Mora
List Price
$625,000
Sold Price
$640,000
Premium/Discount to List
$15,000
2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Outstanding Balance
$474,807
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$282,826

Purchase Details

Closed on
Sep 19, 2005
Sold by
Nor Brian
Bought by
Bun Ponnara

Purchase Details

Closed on
Nov 10, 2003
Sold by
Nor Brian and Bun Ponnara
Bought by
Nor Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2002
Sold by
Bun Ponnara Hing
Bought by
Nor Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
7.11%

Purchase Details

Closed on
May 5, 1999
Sold by
Family Trust Street Lowell And Barbara Trs St
Bought by
Bun Ponnara Hing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.9%

Purchase Details

Closed on
Nov 29, 1994
Sold by
Street Lowell H and Street Barbara A
Bought by
Street Lowell H
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
Ellwood Ponnara Bun -- Lawyers Title
Salmon Kenneth Eugene $645,000 Lawyers Title
Bun Ponnara -- --
Nor Brian -- Ctc
Nor Brian -- Chicago Title Co
Bun Ponnara Hing $150,000 First American Title Co
Street Lowell H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salmon Kenneth Eugene $516,000
Previous Owner Nor Brian $168,000
Previous Owner Nor Brian $165,000
Previous Owner Nor Brian $136,500
Previous Owner Bun Ponnara Hing $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $640,000 +2.4% $727 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $625,000 -- $710 / Sq Ft
Source: The MLS

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 $8,680 $684,477 $547,582 $136,895
2024 $8,680 $671,057 $536,846 $134,211
2023 $8,535 $657,900 $526,320 $131,580
2022 $8,008 $645,000 $516,000 $129,000
2021 $2,957 $221,170 $123,098 $98,072
2019 $2,916 $214,612 $119,448 $95,164
2018 $2,800 $210,405 $117,106 $93,299
2016 $2,579 $202,236 $112,559 $89,677
2015 $2,478 $199,199 $110,869 $88,330
2014 $2,467 $195,298 $108,698 $86,600
Source: Public Records

Agents Affiliated with this Home

  • Greg Stangl

    Seller's Agent in 2021

    Greg Stangl

    The Agency

    (213) 327-5436

    1 in this area

    46 Total Sales

    Section Image
  • Arrington Williams

    Seller Co-Listing Agent in 2021

    Arrington Williams

    The Agency

    (323) 356-2399

    1 in this area

    55 Total Sales

    Section Image

  • C

    Buyer's Agent in 2021

    Champagne Mora

See All Agents

Map

Source: The MLS

MLS Number: 21-793694

The MLS

APN: 7157-010-005

California Los Angeles County Long Beach 90805 Paramount

2720 E 56th Way, Long Beach, CA

This home is located at 2720 E 56th Way, Long Beach, CA 90805 since 14 October 2021 and is currently estimated at $757,633, approximately $860 per square foot. This property was built in 1961. 2720 E 56th Way is a home located in Los Angeles County with nearby schools including Holmes Elementary School, Hoover Middle School, and Lakewood High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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