NOT LISTED FOR SALE

308 7th St Seal Beach, CA 90740

Estimated Value: $2,371,000 - $3,386,000

6 Beds
6.5 Baths
4,000 Sq Ft
$684/Sq Ft Est. Value

Last Sold June 17, 2013

Last sale price $930,000 $232 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $15,813/month

249 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Eat-In Kitchen
  • J. H. Mcgaugh Elementary School Rated A
  • Park or Greenbelt View
  • 1-minute walk to Electric Avenue Median Park

About This Home

As of June 2013

Bring your contractor! Owner was developing the property as a Bed and Breakfast and has been unable to finish the project. Each of the 6 bedrooms has a private bath as would be appropriate for a bed and breakfast. Potential to build additional owners unit over garage/carports. Or.... complete as a custom home on a double lot with alley access! Across street from Library on Electric Ave. Property consists of 2 lots. Total Lot size is 50 X 117. Each lot with separate APN #'s, are 25 X 117 each. Lots of potential, Some options would be to: 1. Complete as a Bed and breakfast. 2.build a 2nd unit on the property that could be owner occupied and operate the main structure as a B&B 3. Build a 2nd unit on the property as a rental. Since there are 2 lots you can have 2 units (subject to city requirements). 4. Scrape existing building and building 2 new custom homes on 25 X 117 ft. lots.
5. Simply finish existing house as a prime residence sitting on a rare double lot. To finish a new owner would need to provide required covered parking (either a carport or garages in the back with alley access) and complete drywall and electrical in 2 rooms. All subject to city inspection requirements.

Last Agent to Sell the Property

John Armijo

John Armijo Realty License #00626123 Listed on: 10/01/2012

Last Buyer's Agent

John Armijo

John Armijo Realty License #00626123 Listed on: 10/01/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,638

Year Built

  • Built in 1995

Lot Details

  • 5,875 Sq Ft Lot
  • Lot Dimensions are 50 x 117
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,000 Sq Ft Home
  • Fireplace With Gas Starter
  • Park or Greenbelt Views
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 8,10
  • Tax Tract Number 995
  • Assessor Parcel Number 04311123

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,638

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Other Phone Description: Preferred
  • Other Phone Number: 949-636-1450
  • Property Attached: Yes
  • Subdivision Name Other: Custom
  • View: Yes
  • Architectural Style: Craftsman
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04311123
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4000.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Eating Area: Area
  • Fireplace Features: Gas Starter
  • Levels: Two
  • Price Per Square Foot: 232.50

Exterior Features

  • View: Park/Greenbelt
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • School District: Los Alamitos Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Features: Level, Level with Street
  • Lot Size: 50 X 117
  • Lot Size Sq Ft: 5875.00
  • Lot Size Acres: 0.1350

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5875.0000 Square Feet

Tax Info

  • Tax Lot: 8,10
  • Tax Tract Number: 0995

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2012
Closed on
May 6, 2013
Sold by
Verhulst Christopher P
Bought by
Fernando Edwin P
Seller's Agent
John Armijo
John Armijo Realty
Buyer's Agent
John Armijo
John Armijo Realty
List Price
$1,599,999
Sold Price
$930,000
Premium/Discount to List
-$669,999
-41.87%
Current Estimated Value
$2,736,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,806,761
Avg. Annual Appreciation
9.17%

Purchase Details

Closed on
Feb 25, 2008
Sold by
Verhulst Christopher P and Verhulst Constance
Bought by
Verhulst Christopher P
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
Fernando Edwin P $930,000 California Title Company
Verhulst Christopher P -- Accommodation
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2013 06/17/13 Sold $930,000 -22.4% $233 / Sq Ft
06/07/2013 06/07/13 Pending -- -- --
01/17/2013 01/17/13 Price Changed $1,199,000 -7.8% $300 / Sq Ft
11/26/2012 11/26/12 Price Changed $1,299,900 0.0% $325 / Sq Ft
11/12/2012 11/12/12 Price Changed $1,299,950 0.0% $325 / Sq Ft
10/26/2012 10/26/12 Price Changed $1,299,900 -13.3% $325 / Sq Ft
10/03/2012 10/03/12 Price Changed $1,499,999 -6.3% $375 / Sq Ft
10/01/2012 10/01/12 For Sale $1,599,999 -- $400 / 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 $15,638 $1,367,527 $752,321 $615,206
2024 $15,638 $1,340,713 $737,569 $603,144
2023 $15,291 $1,314,425 $723,107 $591,318
2022 $15,137 $1,288,652 $708,928 $579,724
2021 $14,803 $1,263,385 $695,028 $568,357
2020 $14,830 $1,250,431 $687,901 $562,530
2019 $14,375 $1,225,913 $674,413 $551,500
2018 $13,717 $1,201,876 $661,189 $540,687
2017 $13,431 $1,178,310 $648,224 $530,086
2016 $12,881 $1,139,863 $635,514 $504,349
2015 $10,878 $952,887 $625,968 $326,919
2014 $10,616 $934,222 $613,706 $320,516
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S713547

California Regional Multiple Listing Service (CRMLS)

APN: 043-111-31