NOT LISTED FOR SALE

Estimated Value: $979,000 - $1,118,000

3 Beds
2 Baths
1,656 Sq Ft
$624/Sq Ft Est. Value

Last Sold January 08, 2016

Last sale price $705,000 $426 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $6,490/month

17 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Stone Countertops
  • Woodrow Wilson High School Rated A
  • Spanish Architecture
  • Private Yard

About This Home

As of January 2016

Beautifully restored Spanish Bungalow "2 on 1". An opportunity to buy in the highly desirable Wilton Street Historic District, a premiere location in Long Beach. This gem, built in 1924, features a fully renovated, two bedroom, one bath, front home. Newly updated floor plan boasts “open living style” combining living, dining and kitchen spaces. Beautiful French doors lead to redwood deck and garden. Newly renovated kitchen, includes all NEW: Top Line appliances, cabinets, natural stone, tile, hardwood flooring, and recessed lighting. Extensive remodel includes new electrical and copper plumbing. Bathroom taken down to the studs! Newly refinished hardwood flooring throughout is the perfect finish to this cozy hacienda style bungalow. Back house features Den, 1 bath, spacious bedroom with ample closet space, French doors to newly built private redwood deck and lush garden, NEW kitchen cabinets, Formica counter tops and tile flooring throughout. Entire grounds completely relandscaped, drought tolerant front garden and auto sprinklers. New redwood decks to enjoy gorgeous SoCal weather nearly 365 days a year! Parking on site. Minutes from main fwys, golf course, beach and much more! Don't miss this amazing opportunity to purchase the home of your dreams!

Last Agent to Sell the Property

Jill Koncki

Keller Williams Beach Cities License #01975172 Listed on: 10/21/2015

Last Buyer's Agent

Robert Hovard

Broadmoor Realty, Inc. License #00457499

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 5,674 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • New Fence
  • Front and Back Yard Sprinklers
  • Private Yard
  • Garden
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • On-Hand Building Permits

Home Design

  • Spanish Architecture
  • Bungalow
  • Composition Roof
  • Partial Copper Plumbing
  • Copper Plumbing

Interior Spaces

  • 1,656 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • French Doors
  • Living Room
  • Den

Kitchen

  • Gas Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 8 Parking Spaces
  • Parking Available
  • Up Slope from Street
  • Unassigned Parking

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Drip System Landscaping

Additional Features

  • Accessible Parking
  • Two Homes on a Lot

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 8613
  • Assessor Parcel Number 7253014036

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,750
  • Maintenance Expense $1,200
  • Trash Expense $265
  • Water Sewer Expense $265
  • New Taxes Expense $7,500
  • Gross Income $47,700
  • Net Operating Income $36,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1924 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: Back house refrigerator
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 265.00
  • Architectural Style: Bungalow, Spanish
  • Property Condition: Building Permit, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7253014036
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Open Floorplan, Copper Plumbing Partial, Pantry, Stone Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: French Doors
  • Levels: One
  • Price Per Square Foot: 425.72
  • Room Type: Den, Living Room

Exterior Features

  • Other Structures: Two On A Lot
  • Fencing: New Condition, Wood, Excellent Condition
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Water Line to Refrigerator
  • Laundry Features: Gas & Electric Dryer Hookup
  • Trash Expense: 265.00
  • Water Source: Public

Condo/Co-op/Association

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

Green Features

  • Green Water Conservation: Water-Smart Landscaping
  • Efficiency: Appliances

Lot Info

  • Lot Features: Back Yard, 0-1 Unit/Acre, Front Yard, Garden, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Sprinkler System, Up Slope from Street, Yard
  • Lot Size Sq Ft: 5674.00
  • Price Per Lot Square Foot: 124.25
  • Lot Size Acres: 0.1300

Multi Family

  • Gross Income: 47700.00
  • Gross Scheduled Income: 47700.00
  • Insurance Expense: 1750.00
  • Lot Size Area: 5674.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 36720.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 10980.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Lot: 10
  • Tax Tract Number: 8613

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2015
Closed on
Jan 5, 2016
Sold by
Hovard Brandon and Hovard Melissa C
Bought by
Brandon & Melissa Hovard Revocable Trust
Seller's Agent
Jill Koncki
Keller Williams Beach Cities
Buyer's Agent
Robert Hovard
Broadmoor Realty, Inc.
List Price
$664,000
Sold Price
$705,000
Premium/Discount to List
$41,000
6.17%
Current Estimated Value
$1,062,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,158
Avg. Annual Appreciation
3.90%
Original Mortgage
$528,750
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 21, 2015
Closed on
Nov 13, 2015
Sold by
Petrie John R and John R Petrie Trust
Bought by
Hovard Brandon and Hovard Mellisa C
Seller's Agent
Jill Koncki
Keller Williams Beach Cities
Buyer's Agent
Robert Hovard
Broadmoor Realty, Inc.
List Price
$664,000
Sold Price
$705,000
Premium/Discount to List
$41,000
6.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,750
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2005
Sold by
Petrie John R
Bought by
Petrie John R and John R Petrie Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2004
Sold by
Petrie John R
Bought by
Petrie John R and John R Petrie Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brandon & Melissa Hovard Revocable Trust -- Accommodation
Hovard Brandon $705,000 Title 365
Petrie John R -- Southland Title
Petrie John R -- Southland Title
Petrie John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hovard Brandon $528,750
Previous Owner Petrie John R $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2016 01/08/16 Sold $705,000 +6.2% $426 / Sq Ft
11/07/2015 11/07/15 Pending -- -- --
10/21/2015 10/21/15 For Sale $664,000 -- $401 / 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 $11,099 $834,568 $580,056 $254,512
2024 $10,638 $818,205 $568,683 $249,522
2023 $10,461 $802,163 $557,533 $244,630
2022 $9,819 $786,435 $546,601 $239,834
2021 $9,627 $771,016 $535,884 $235,132
2020 $9,603 $763,112 $530,390 $232,722
2019 $9,491 $748,150 $519,991 $228,159
2018 $9,199 $733,482 $509,796 $223,686
2016 $4,359 $350,033 $133,647 $216,386
2015 $4,187 $344,776 $131,640 $213,136
2014 $4,165 $338,023 $129,062 $208,961
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15231855

California Regional Multiple Listing Service (CRMLS)

APN: 7253-014-036