NOT LISTED FOR SALE

Estimated Value: $2,154,000 - $2,571,000

5 Beds
3.5 Baths
3,642 Sq Ft
$664/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $1,415,000 $389 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $15,066/month

86 Days on Market

Highlights

  • Wine Cellar
  • Primary Bedroom Suite
  • Cape Cod Architecture
  • Lowell Elementary School Rated A-
  • River View
  • 3-minute walk to Colorado Lagoon

About This Home

As of May 2014

Newly built in 2006, this custom Cape Cod home is situated in the heart of Belmont Heights. A spacious 5 bedroom 4 bath home features a formal living and dining area, travertine flooring, recessed lighting and a built-in sound system throughout. An elegant stone fireplace compliments the formal living area. The large galley kitchen is superbly designed with custom cabinetry, granite counters, a walk-in pantry, work center and stainless appliances. The kitchen opens to a casual dining area and a large family room overlooking the backyard. The lower level hosts two large bedrooms, a full bath with designer accents and a spacious den/media room. Adjacent to the den area is a walk-in, temperature controlled wine room with a copper counter top, ice-maker, dishwasher, and built-in wine storage racks. The upper level features the master suite overlooking the Colorado Lagoon & golf course. This bright and spacious suite has a custom bathroom with a dual vanity, spa tub, separate walk-in shower, and a walk-in closet. Two large bedrooms and a full bath, laundry room and additional storage complete the upper level. A fully integrated sound system (cat 5 cable wireless), dual zone temperature control, and new central air compliment this Cape Cod home.

Last Agent to Sell the Property

Michael Domino

Coldwell Banker Realty License #01807239 Listed on: 02/03/2014

Coldwell Banker Realty

Last Buyer's Agent

Marna Brennan

Marna Brennan, Broker License #01262182

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,714

Year Built

  • Built in 1920

Lot Details

  • 6,240 Sq Ft Lot
  • Vinyl Fence
  • Block Wall Fence

Parking

  • 2 Car Attached Garage

Property Views

  • River
  • Golf Course
  • Creek or Stream
  • Park or Greenbelt

Home Design

  • Cape Cod Architecture
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 3,642 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Wired For Sound
  • Bar
  • Recessed Lighting
  • Formal Entry
  • Wine Cellar
  • Great Room
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Utility Room
  • Stone Flooring
  • Home Security System

Kitchen

  • Galley Kitchen
  • Walk-In Pantry

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 3865
  • Assessor Parcel Number 7250025003

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,714

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Security System
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7250025003
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3642.00
  • Interior Amenities: Bar, Copper Plumbing Full, Recessed Lighting, Wired for Sound, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 388.52
  • Room Type: Den, Family Room, Formal Entry, Foyer, Galley Kitchen, Guest/Maid's Quarters, Great Room, Living Room, Master Suite, Walk-In Pantry, Walk-In Closet, Separate Family Room, Utility Room, Wine Cellar

Exterior Features

  • View: Golf Course, Park/Greenbelt, River, Creek/Stream, Water
  • Fence: Yes
  • Fencing: Block, Vinyl
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Individual Room, Upper Level, Washer Hookup, Washer Included
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Long Beach Unified

Lot Info

  • Lot Size Sq Ft: 6240.00
  • Lot Size Acres: 0.1430

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6240.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 3865

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2014
Closed on
May 1, 2014
Sold by
Babala John L
Bought by
Richard Jason and Richard Molly
Seller's Agent
Michael Domino
Coldwell Banker Realty
Buyer's Agent
Marna Brennan
Marna Brennan, Broker
List Price
$1,500,000
Sold Price
$1,415,000
Premium/Discount to List
-$85,000
-5.67%
Current Estimated Value
$2,400,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$985,317
Avg. Annual Appreciation
4.90%
Original Mortgage
$1,061,250
Outstanding Balance
$810,472
Interest Rate
4.23%
Mortgage Type
New Conventional
Estimated Equity
$1,607,791

Purchase Details

Closed on
Oct 15, 2007
Sold by
Babala John L and Babala Marcella M
Bought by
Babala John L

Purchase Details

Closed on
Jul 10, 2006
Sold by
Williams Richard E and Williams Joy A
Bought by
Babala John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,800
Interest Rate
6.67%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 11, 2003
Sold by
Schneider Pollyanna S and Andrews Dorothy S
Bought by
Williams Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 1997
Sold by
Schneider Pollyanna S and Andrews Dorothy S
Bought by
Schneider Pollyanna S
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
Richard Jason $1,415,000 Old Republic Title Company
Babala John L -- None Available
Babala John L $1,368,000 North American Title Co
Williams Richard E $495,000 Lawyers Title
Schneider Pollyanna S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richard Jason $150,000
Open Richard Jason $700,000
Open Richard Jason $1,061,250
Previous Owner Babala John L $1,250,000
Previous Owner Babala John L $1,231,000
Previous Owner Babala John L $150,000
Previous Owner Babala John L $1,094,000
Previous Owner Babala John L $136,800
Previous Owner Babala John L $1,094,000
Previous Owner Williams Richard E $250,000
Previous Owner Williams Richard E $396,000
Closed Williams Richard E $49,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2014 05/30/14 Sold $1,415,000 -2.4% $389 / Sq Ft
04/30/2014 04/30/14 Pending -- -- --
03/10/2014 03/10/14 Price Changed $1,449,900 -3.3% $398 / Sq Ft
02/03/2014 02/03/14 For Sale $1,500,000 -- $412 / 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 $21,714 $1,734,585 $915,224 $819,361
2024 $21,714 $1,700,575 $897,279 $803,296
2023 $21,359 $1,667,232 $879,686 $787,546
2022 $20,038 $1,634,542 $862,438 $772,104
2021 $19,651 $1,602,493 $845,528 $756,965
2019 $19,372 $1,554,964 $820,450 $734,514
2018 $18,828 $1,524,475 $804,363 $720,112
2016 $17,306 $1,465,280 $773,130 $692,150
2015 $16,597 $1,443,271 $761,517 $681,754
2014 $16,244 $1,403,000 $1,024,000 $379,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14023107

California Regional Multiple Listing Service (CRMLS)

APN: 7250-025-003