NOT LISTED FOR SALE

3031 E 3rd St Long Beach, CA 90814

Bluff Heights Neighborhood

Estimated Value: $1,129,000 - $1,457,675

3 Beds
4 Baths
1,704 Sq Ft
$766/Sq Ft Est. Value

Last Sold March 11, 2013

Last sale price $595,000 $349 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $7,628/month

8 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • 1-Story Property
  • Woodrow Wilson High School Rated A

About This Home

As of March 2013

This is a Short Sale and is sold as is. Great Investment opportunity. Public Records two units, however there is an un-permitted loft. Therefore will not qualify for an FHA Loan.Please write offers subject to interior inspection. There will be no showings, we do not want to disturb tenants.The interior is well kept, nice and clean.MLS is updated on a daily basis.

Last Agent to Sell the Property

Teri Heravi

Compass License #01185589 Listed on: 11/08/2012

Compass

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 5,060

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 1,704 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,060 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7257-022-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1704
  • Stories: 1
  • Year Built: 1909
  • State Abbrv: CA
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 319.84

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Attached
  • Total Parking: 2

Utilities

  • Heating: Forced Air

Fee Information

  • Insurance Expense: 1200.00
  • Maintenance Expense: 5000.00

Lot Info

  • Assessed Improvement Value: 260391
  • Assessed Land Value: 575161
  • Assessor Parcel Number: 7257-022-031
  • Lot Size Area: 5060

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.55
  • Number Of Units: 2
  • Type Of Units: Duplex

Tax Info

  • Tax Expense: 9987.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2018
Sold by
Schlack Martin J and Schlack Michelle A
Bought by
Schlack Martin J and Schlack Michelle A
Current Estimated Value
$1,305,919

Purchase Details

Listed on
Nov 8, 2012
Closed on
Mar 5, 2013
Sold by
Maurer Michael
Bought by
Schlack Martin J and Schlack Michelle A
Seller's Agent
Teri Heravi
Compass
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$545,000
Sold Price
$595,000
Premium/Discount to List
$50,000
9.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%

Purchase Details

Closed on
Feb 21, 2007
Sold by
Litzinger Renee
Bought by
Maurer Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,200
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2007
Sold by
May Martha
Bought by
Litzinger Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,200
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 2003
Sold by
May Martha
Bought by
May Martha and Litzinger Renee

Purchase Details

Closed on
Nov 5, 1996
Sold by
Johnson Ronald R
Bought by
Johnson Bette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,100
Interest Rate
3.82%

Purchase Details

Closed on
Oct 24, 1996
Sold by
King Bette D and Johnson Bette
Bought by
May Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,100
Interest Rate
3.82%
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
Schlack Martin J -- None Available
Schlack Martin J -- None Available
Schlack Martin J $595,000 Fidelity Van Nuys
Maurer Michael $799,000 Progressive Title Company
Litzinger Renee -- Progressive Title
May Martha -- --
Johnson Bette -- --
May Martha $230,000 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maurer Michael $639,200
Previous Owner Litzinger Renee $79,900
Previous Owner May Martha $233,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2013 03/11/13 Sold $595,000 +9.2% $349 / Sq Ft
11/16/2012 11/16/12 Pending -- -- --
11/08/2012 11/08/12 For Sale $545,000 -- $320 / 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 $9,429 $732,685 $566,450 $166,235
2024 $9,429 $718,320 $555,344 $162,976
2023 $9,272 $704,236 $544,455 $159,781
2022 $8,706 $690,429 $533,780 $156,649
2021 $8,532 $676,892 $523,314 $153,578
2020 $8,509 $669,953 $517,949 $152,004
2019 $8,410 $656,818 $507,794 $149,024
2018 $8,144 $643,940 $497,838 $146,102
2016 $7,487 $618,937 $478,507 $140,430
2015 $7,185 $609,641 $471,320 $138,321
2014 $7,136 $597,700 $462,088 $135,612
Source: Public Records

Agents Affiliated with this Home

  • Teri Heravi

    Seller's Agent in 2013

    Teri Heravi

    Compass

    (310) 433-0176

    20 Total Sales

    Teri Heravi
    Section Image

  • S

    Buyer's Agent in 2013

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 12-634983

The MLS

APN: 7257-022-031

California Los Angeles County Long Beach 90803 Bluff Heights

3031 E 3rd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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