NOT LISTED FOR SALE

Aqua Condominiums 388 E Ocean Blvd Unit 615 Long Beach, CA 90802

Downtown Neighborhood

Estimated Value: $451,433 - $636,000

1 Bed
1 Bath
680 Sq Ft
$503/mo HOA Fee

Last Sold October 18, 2013

Last sale price $240,000 $353 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $3,556/month

Highlights

  • Fitness Center
  • 5-minute walk to 1St Street Station
  • 1.07 Acre Lot
  • In Ground Pool
  • City Lights View
  • Sauna

About This Home

As of October 2013

This is a great city view unit located on the 6th floor of the Aqua - a luxurious high-rise condominium building. Unit features an open layout, high ceilings, granite countertops, built-in appliances, washer/dryer and walk-in closet. The Aqua amenities include pool, spa, sauna, fitness center, business room, BBQ area and walking distance to the beach and the night life of Downtown Long Beach.

Last Agent to Sell the Property

Mike Dunfee

Engel & Völkers Long Beach License #01191497 Listed on: 03/21/2013

Engel & Völkers Long Beach

Last Buyer's Agent

Mike Dunfee

Engel & Völkers Long Beach License #01191497 Listed on: 03/21/2013

Engel & Völkers Long Beach

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2004

Lot Details

  • 1.07

HOA Fees

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • Common Roof
  • Stucco

Interior Spaces

  • 680 Sq Ft Home
  • Sliding Doors
  • Living Room
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Pool

  • In Ground Pool
  • In Ground Spa

Additional Features

  • Balcony
  • Two or More Common Walls
  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 7278017132

Community Details

Overview

  • 556 Units
  • Merit Association, Phone Number (562) 495-1425

Amenities

  • Community Barbecue Grill
  • Sauna
  • Meeting Room

Recreation

  • Community Pool
  • Community Spa

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Year Built

Built in 2004

Lot Details

0

HOA Fees

$503 per month

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Card/Code Access
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7278017132
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 680.00
  • Interior Amenities: Balcony
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Sliding Doors
  • Levels: One
  • Price Per Square Foot: 352.94
  • Room Type: Living Room
  • Spa Features: Association, In Ground

Exterior Features

  • View: City Lights
  • Pool Features: Association, In Ground
  • Pool Private: Yes
  • Roof: Common Roof
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Subterranean
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Merit
  • Amenities: Barbecue, Gym/Ex Room, Meeting Room, Pool, Sauna, Spa/Hot Tub
  • Association Fee: 353.00
  • Association #2 Fee: 150.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Merit
  • Phone: 562-495-1425
  • Association Phone #2: 562-495-1425
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Size Sq Ft: 46487.00
  • Lot Size Acres: 1.0670

Multi Family

  • Lease Considered: No
  • Lot Size Area: 46487.0000 Square Feet
  • Number Of Units In Community: 556
  • Number Of Units Total: 556

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2013
Sold by
Nguyen Thinhvuong Thi
Bought by
Edwards Terry A
Current Estimated Value
$513,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Outstanding Balance
$200,975
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$312,883

Purchase Details

Listed on
Mar 21, 2013
Closed on
Oct 9, 2013
Sold by
Webb Jamie
Bought by
Nguyen Thinhvuong Thi
Seller's Agent
Mike Dunfee
Engel & Völkers Long Beach
Buyer's Agent
Mike Dunfee
Engel & Völkers Long Beach
List Price
$199,000
Sold Price
$240,000
Premium/Discount to List
$41,000
20.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%

Purchase Details

Listed on
Mar 21, 2013
Closed on
Oct 1, 2013
Sold by
Akasaka Ronald
Bought by
Webb Jamie
Seller's Agent
Mike Dunfee
Engel & Völkers Long Beach
Buyer's Agent
Mike Dunfee
Engel & Völkers Long Beach
List Price
$199,000
Sold Price
$240,000
Premium/Discount to List
$41,000
20.6%

Purchase Details

Closed on
Apr 13, 2006
Sold by
350 Ocean Tower I Llc
Bought by
Webb Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,689
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
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
Edwards Terry A $295,000 Ticor Title Tustin Orange Co
Nguyen Thinhvuong Thi $240,000 Ticor Title
Webb Jamie -- Ticor Title
Webb Jamie $390,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Terry A $265,500
Previous Owner Webb Jamie $311,689
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2013 10/18/13 Sold $240,000 +20.6% $353 / Sq Ft
03/21/2013 03/21/13 For Sale $199,000 -- $293 / 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 $4,704 $361,618 $118,903 $242,715
2024 $4,704 $354,528 $116,572 $237,956
2023 $4,621 $347,578 $114,287 $233,291
2022 $4,337 $340,764 $112,047 $228,717
2021 $4,241 $334,083 $109,850 $224,233
2019 $4,179 $324,176 $106,593 $217,583
2018 $4,090 $317,820 $104,503 $213,317
2016 $3,768 $305,481 $100,446 $205,035
2015 $3,617 $300,894 $98,938 $201,956
2014 $2,967 $240,000 $79,000 $161,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Mike Dunfee

    Engel & Völkers Long Beach

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About Aqua Condominiums

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13048824

California Regional Multiple Listing Service (CRMLS)

APN: 7278-017-132

California Los Angeles County Long Beach 90802 Downtown

388 E Ocean Blvd Unit 615, Long Beach, CA

Not Listed for Sale

Condos

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