NOT LISTED FOR SALE

331 Prospect Ave Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $725,000 - $796,000

1 Bed
1 Bath
528 Sq Ft
$1,440/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $545,000 $1,032 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,727/month

13 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Open Floorplan
  • Quartz Countertops
  • Fremont Elementary School Rated A
  • Property is near a park
  • No HOA

About This Home

As of November 2020

LOCATION, LOCATION, LOCATION! LOWEST PRICE IN THE HEIGHTS & SHORE for a Single Family home! Great opportunity to own a beautifully upgraded home in the highly sought after community of Belmont Heights. This adorable cottage-style home is only blocks to the Pacific Ocean, Colorado Lagoon, Marina Vista Park, Marine Stadium and Belmont Shore shops & restaurants! Imagine entertaining in the private outdoor space- from dining al-fresco on the flagstone patio, to enjoying your favorite beverages in the low-maintenance backyard. New kitchen upgrades include wood-look tile flooring, stainless appliances, polished hardware and grey quartz counters crowned above white shaker cabinets! This wonderful open floor plan allows conversations to flow seamlessly. A new energy efficient ductless split-system, with remote control, will keep you cool in the summer and warm in the winter! New grey carpet runs from the living/dining room to the bedroom. The stunning bathroom highlights new wood-look tile flooring, steel tub with custom tile surround, low flow toilet, pedestal sink, designer lighting and contemporary mirror! The finished garage, with double high ceilings, includes storage space and washer/dryer hookups. Perhaps the garage could be reimagined into an ADU? Perhaps this home is an AirB&B rental? Additional highlights include copper plumbing, newer water heater, upgraded electrical, dual pane windows/slider, garden window, new interior paint and new backyard fence & gates. Hurry!

Last Agent to Sell the Property

Jose Smith

Coldwell Banker Realty License #01389738 Listed on: 09/30/2020

Coldwell Banker Realty

Last Buyer's Agent

Edgar Rangel

Circle Real Estate License #01928763

Circle Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,386

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 2,255 Sq Ft Lot
  • Property fronts a private road
  • South Facing Home
  • Wood Fence
  • Property is zoned LBR1N

Parking

  • 1 Car Attached Garage
  • 1 Open Parking Space
  • Parking Available
  • Front Facing Garage
  • Driveway

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof
  • Wood Siding
  • Copper Plumbing
  • Plaster

Interior Spaces

  • 528 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Double Pane Windows
  • Blinds
  • Combination Dining and Living Room
  • Neighborhood Views

Kitchen

  • Galley Kitchen
  • Gas and Electric Range
  • Range Hood
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Upgraded Bathroom
  • 1 Full Bathroom
  • Low Flow Toliet
  • Bathtub with Shower
  • Low Flow Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Schools

  • Fremont Elementary School
  • Rogers Middle School
  • Wilson High School

Utilities

  • High Efficiency Air Conditioning
  • Forced Air Heating System
  • Gas Water Heater
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Belmont Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 17 / A
  • Tax Tract Number 1
  • Assessor Parcel Number 7250004021

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,386

Year Built

Built in 1922 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Range & Vent
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Zoning: LBR1N
  • Architectural Style: Cottage
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7250004021
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 528.00 Square Feet
  • Interior Amenities: Built-in Features, Copper Plumbing Full, Open Floorplan, Stone Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: In Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1032.20
  • Room Type: Galley Kitchen, Kitchen, Living Room
  • Window Features: Blinds, Double Pane Windows
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Shower In Tub, Exhaust Fan(s), Upgraded
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • Direction Faces: South
  • Foundation: Pillar/Post/Pier, Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt, Composition, Shingle
  • Spa: No
  • Construction Materials: Plaster, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Front
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas & Electric Range, Gas Water Heater, Range Hood
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Long Beach Unified
  • Elementary School: Fremont
  • Middle School: Rogers
  • High School: Wilson
  • Elementary School: Fremont
  • High School: Wilson
  • Middle Or Junior School: Rogers
  • Elementary School #2: FREMON
  • High School2: WILSON

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 2255.00
  • Lot Size Acres: 0.0518

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2255.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Block: A
  • Tax Census Tract: 5776.03
  • Tax Lot: 17
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Oct 21, 2020
Sold by
Gist Cheryl
Bought by
Miller Lance
Seller's Agent
Jose Smith
Coldwell Banker Realty
Buyer's Agent
Edgar Rangel
Circle Real Estate
List Price
$550,000
Sold Price
$545,000
Premium/Discount to List
-$5,000
-0.91%
Current Estimated Value
$760,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,498
Avg. Annual Appreciation
6.50%
Original Mortgage
$535,128
Outstanding Balance
$478,356
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$259,563

Purchase Details

Closed on
Jan 19, 2018
Sold by
Corathers Toni D
Bought by
Miller Lance

Purchase Details

Closed on
Nov 6, 2003
Sold by
Corathers John K
Bought by
Corathers Toni D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Miller Lance -- Corinthian Title
Reimers Fabiola Melendez $545,000 Corinthian Title
Miller Lance -- None Available
Corathers Toni D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reimers Fabiola Melendez $535,128
Closed Reimers Fabiola Melendez $535,128
Previous Owner Corathers Ii J Kenneth $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2020 11/17/20 Sold $545,000 -0.9% $1,032 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $550,000 -- $1,042 / 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 $7,386 $589,924 $411,324 $178,600
2024 $7,386 $578,358 $403,259 $175,099
2023 $7,260 $567,018 $395,352 $171,666
2022 $6,809 $555,900 $387,600 $168,300
2021 $6,677 $545,000 $380,000 $165,000
2020 $1,700 $119,307 $70,071 $49,236
2019 $1,681 $116,969 $68,698 $48,271
2018 $1,527 $114,676 $67,351 $47,325
2016 $1,407 $110,226 $64,737 $45,489
2015 $1,353 $108,571 $63,765 $44,806
2014 $1,348 $106,445 $62,516 $43,929
Source: Public Records

Agents Affiliated with this Home

  • Jose Smith

    Seller's Agent in 2020

    Jose Smith

    Coldwell Banker Realty

    (562) 209-0990

    1 in this area

    27 Total Sales

    Jose Smith
    Section Image
  • Edgar Rangel

    Buyer's Agent in 2020

    Edgar Rangel

    Circle Real Estate

    (562) 313-5549

    2 in this area

    45 Total Sales

    Edgar Rangel
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20161778

California Regional Multiple Listing Service (CRMLS)

APN: 7250-004-021

California Los Angeles County Long Beach 90814 Belmont Heights

331 Prospect Ave, Long Beach, CA

This home is located at 331 Prospect Ave, Long Beach, CA 90814 since 30 September 2020 and is currently estimated at $760,498, approximately $1,440 per square foot. This property was built in 1922. 331 Prospect Ave is a home located in Los Angeles County with nearby schools including Fremont Elementary School, Rogers Middle School, and Woodrow Wilson 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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