$610,000
SOLD OCT 18, 2024
1 Bed
1 Bath
1,038 Sq Ft
$263/mo HOA Fee

Recently Sold

$588 Per Sq Ft

12% Below List Price

52 Days on Market

Highlights

  • No Units Above
  • Gated Community
  • 0.59 Acre Lot
  • Woodrow Wilson High School Rated A
  • City Lights View
  • Open Floorplan

About This Home

As of October 2024

Welcome to a rare gem nestled in the prestigious Paloma Imperial, where coastal charm meets modern elegance. This stunning top-floor unit is bathed in natural light, promising a warm and inviting atmosphere from the moment you step inside. Imagine coming home to a spacious living room, featuring brand new, plush carpeting that cushions your every step. The living area's seamless flow into a dining space makes it perfect for entertaining, and just beyond, a private balcony beckons. Picture yourself unwinding here, watching the sun dip below the horizon, painting the sky with hues of pink and gold. The kitchen is a culinary haven, offering ample storage for all your gourmet gadgets and plenty of counter space to whip up your favorite meals. A versatile nook adjacent to the kitchen is ideal for casual dining or could easily transform into a cozy home office—your choice! Down the hallway, discover an abundance of storage solutions and the ultimate convenience of in-unit laundry. Step into the primary bedroom, an expansive sanctuary with two generous closets, providing all the space you need for a well-organized wardrobe. Dual-pane windows adorned with elegant plantation shutters ensure a peaceful ambiance and enhance energy efficiency. And the perks don't stop there! This home includes a private one-car garage—an invaluable feature for urban living. The serene community offers a tranquil escape while being mere moments from the beach, lush parks, vibrant entertainment, and a bustling nightlife scene. Don't miss out on this exceptional opportunity to make the Paloma Imperial your new home. Schedule a viewing today and prepare to fall in love with this coastal haven!

Last Agent to Sell the Property

Christopher Broman

Compass Brokerage Phone: 310-433-5246 License #02026992 Listed on: 08/07/2024

Compass

Co-Listed By

Brook Billings

Compass Brokerage Phone: 310-433-5246 License #01997704

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,520

Year Built

  • Built in 1963

Lot Details

  • No Units Above
  • Two or More Common Walls

HOA Fees

  • $263 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Turnkey

Interior Spaces

  • 1,038 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Plantation Shutters
  • Family Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Granite Bathroom Countertops

Home Security

Utilities

  • Radiant Heating System
  • Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 13565
  • Assessor Parcel Number 7264006080
  • $258 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 26 Units
  • Paloma Imperial HOA, Phone Number (562) 505-6204
  • Lb Home Solutions HOA
  • Bluff Park Subdivision
  • Maintained Community

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,520

Year Built

Built in 1963

Lot Details

0

HOA Fees

$263 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Fire and Smoke Detection System, Gated Community
  • Subdivision Name Other: Bluff Park (BLF)
  • View: Yes
  • Zoning: LBR3S
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7264006080
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1038.00 Square Feet
  • Interior Amenities: Open Floorplan
  • Stories: 3
  • Entry Location: 3
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Breakfast Nook
  • Entry Level: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 587.67
  • Room Type: Family Room, Kitchen, Laundry
  • Window Features: Double Pane Windows, Plantation Shutters
  • Bathroom Features: Granite Counters
  • Room Kitchen Features: Granite Counters

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Water Heater
  • Heating Type: Radiant
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Insurance, Maintenance Grounds, Trash, Pet Rules, Management, Controlled Access
  • Association Fee: 263.00
  • Association Fee Frequency: Monthly
  • Association Name: Paloma Imperial HOA
  • Phone: E: 562-505-6204
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: LB Home Solutions

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 25798.00
  • Lot Size Acres: 0.5922

Multi Family

  • Lease Considered: No
  • Lot Size Area: 25798.0000 Square Feet
  • Number Of Units In Community: 26
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5772.00
  • Tax Lot: 1
  • Tax Tract Number: 13565
  • TaxOtherAnnualAssessmentAmount: 258.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2024
Closed on
Oct 3, 2024
Sold by
Kennedy Marianne Kristan
Bought by
Brian Biggers Revocable Trust and Biggers
Seller's Agent
Christopher Broman
Compass
List Price
$695,000
Sold Price
$610,000
Premium/Discount to List
-$85,000
-12.23%
Views
23
Current Estimated Value
$614,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,490
Avg. Annual Appreciation
1.07%

Purchase Details

Listed on
Jun 22, 2023
Closed on
Jul 26, 2023
Sold by
Alexander Suzanne
Bought by
Kennedy Marianne Kristan
Seller's Agent
Kristi Faber-Vento
Compass
Buyer's Agent
Christopher Broman
Compass
List Price
$599,000
Sold Price
$585,000
Premium/Discount to List
-$14,000
-2.34%
Views
154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%
Original Mortgage
$250,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 20, 2013
Closed on
Jun 5, 2013
Sold by
Ludwig Latta W
Bought by
Alexander Suzanne
Seller's Agent
Hudson Warren
Keller Williams Realty
Buyer's Agent
Pamela Spoo
Coldwell Banker Realty
List Price
$299,900
Sold Price
$316,000
Premium/Discount to List
$16,100
5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$231,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2011
Sold by
Ludwig Latta W
Bought by
Ludwig Latta W and The Latta W Ludwig Living Trust

Purchase Details

Closed on
Oct 8, 1996
Sold by
Funkhouser Emma I
Bought by
Ludwig Latta W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
8.37%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $610,000 Chicago Title Company
Grant Deed $585,000 Ticor Title
Grant Deed $316,000 Chicago Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $97,500 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 New Conventional
Previous Owner $183,700 New Conventional
Previous Owner $231,000 New Conventional
Previous Owner $70,150 Unknown
Previous Owner $77,000 Unknown
Previous Owner $78,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $610,000 -4.7% $588 / Sq Ft
09/19/2024 09/19/24 Price Changed $640,000 -5.7% $617 / Sq Ft
09/04/2024 09/04/24 Price Changed $679,000 -2.3% $654 / Sq Ft
08/07/2024 08/07/24 For Sale $695,000 +18.8% $670 / Sq Ft
08/15/2023 08/15/23 Sold $585,000 -0.7% $564 / Sq Ft
07/21/2023 07/21/23 Pending -- -- --
07/20/2023 07/20/23 Price Changed $589,000 -1.7% $567 / Sq Ft
06/22/2023 06/22/23 For Sale $599,000 +89.6% $577 / Sq Ft
07/18/2013 07/18/13 Sold $316,000 +5.4% $304 / Sq Ft
06/02/2013 06/02/13 Pending -- -- --
05/20/2013 05/20/13 For Sale $299,900 -- $289 / 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
2024 $7,520 $585,000 $285,000 $300,000
2023 $4,891 $372,321 $212,082 $160,239
2022 $4,591 $365,022 $207,924 $157,098
2021 $4,498 $357,866 $203,848 $154,018
2019 $4,434 $347,252 $197,802 $149,450
2018 $4,322 $340,444 $193,924 $146,520
2016 $3,976 $327,227 $186,395 $140,832
2015 $3,816 $322,313 $183,596 $138,717
2014 -- $316,000 $180,000 $136,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24162784

California Regional Multiple Listing Service (CRMLS)

APN: 7264-006-080