NOT LISTED FOR SALE

3991 Cherry Ave Long Beach, CA 90807

Bixby Knolls Neighborhood

Estimated Value: $1,147,000 - $1,373,000

6 Beds
4 Baths
2,713 Sq Ft
$474/Sq Ft Est. Value

Last Sold November 09, 2012

Last sale price $460,000 $170 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $7,300/month

7 Days on Market

Highlights

  • Wood Siding
  • Longfellow Elementary School Rated A-
  • Heating System Uses Natural Gas

About This Home

As of November 2012

2 seperate units located in Long Beach, close to airport, units are 3/2 and 2/2.

Last Agent to Sell the Property

Pete Axelrod

eHomes License #01120614 Listed on: 09/06/2012

Last Buyer's Agent

Pete Axelrod

eHomes License #01120614 Listed on: 09/06/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,114 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • 2,713 Sq Ft Home
  • Wood Siding
  • Stucco

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 18 / F
  • Tax Tract Number 11222
  • Assessor Parcel Number 7137024018

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7137024018
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 169.55

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6114.00
  • Lot Size Acres: 0.1400

Multi Family

  • Lot Size Area: 6114.0000 Square Feet
  • 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 Patio: 2
  • Vacancy Allowance Rate: 100.00

Tax Info

  • Tax Area: 5500
  • Tax Block: F
  • Tax Lot: 18
  • Tax Tract Number: 11222

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2012
Closed on
Sep 25, 2012
Sold by
Hsbc Bank Usa Na
Bought by
Lim Stacey and The Stacey Lim 2007 Trust
Seller's Agent
Pete Axelrod
eHomes
Buyer's Agent
Pete Axelrod
eHomes
List Price
$429,900
Sold Price
$460,000
Premium/Discount to List
$30,100
7%
Current Estimated Value
$1,285,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$825,640
Avg. Annual Appreciation
8.05%
Original Mortgage
$345,000
Outstanding Balance
$237,999
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$1,047,641

Purchase Details

Closed on
Jun 26, 2012
Sold by
Hess Andrea
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Jan 29, 2008
Sold by
Saxon Mortgage Services Inc
Bought by
Hess Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,400
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2007
Sold by
Escamilla Jose
Bought by
Indymac Bank Fsb and Morgan Stanley 15 Yr Cb Jumbo Wls

Purchase Details

Closed on
Jul 25, 2006
Sold by
Chavez Joseph and Chavez Rebecca
Bought by
Escamilla Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2005
Sold by
Jimenez Jose and Jimenez Jose S
Bought by
Chavez Joseph and Chavez Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,000
Interest Rate
8.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 1, 2004
Sold by
Sanchez Ramiro M
Bought by
Jimenez Jose S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2004
Sold by
Lindley Rogers H
Bought by
Sanchez Ramiro M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lim Stacey $460,000 Lsi Title Company
Hsbc Bank Usa Na $457,000 Accommodation
Hess Andrea $578,500 Multiple
Indymac Bank Fsb $709,750 Accommodation
Escamilla Jose $925,000 Alliance
Chavez Joseph $839,000 Itc
Jimenez Jose S $645,000 --
Sanchez Ramiro M $500,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Stacey $345,000
Previous Owner Hess Andrea $520,400
Previous Owner Escamilla Jose $740,000
Previous Owner Chavez Joseph $652,000
Previous Owner Jimenez Jose S $516,000
Previous Owner Sanchez Ramiro M $400,000
Closed Sanchez Ramiro M $100,000
Closed Jimenez Jose S $129,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2012 11/09/12 Sold $460,000 +7.0% $170 / Sq Ft
09/13/2012 09/13/12 Pending -- -- --
09/06/2012 09/06/12 For Sale $429,900 -- $158 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,487 $566,446 $307,852 $258,594
2024 $7,487 $555,340 $301,816 $253,524
2023 $7,363 $544,452 $295,899 $248,553
2022 $6,922 $533,778 $290,098 $243,680
2021 $6,776 $523,312 $284,410 $238,902
2020 $6,758 $517,947 $281,494 $236,453
2019 $6,681 $507,792 $275,975 $231,817
2018 $6,418 $497,836 $270,564 $227,272
2016 $5,893 $478,506 $260,058 $218,448
2015 $5,659 $471,319 $256,152 $215,167
2014 $5,624 $462,088 $251,135 $210,953
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2012

    Pete Axelrod

    eHomes

  • N

    Buyer Co-Listing Agent in 2012

    Norman Lee

    Coldwell Banker Envision

    (310) 755-6460

    Norman Lee
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S711371

California Regional Multiple Listing Service (CRMLS)

APN: 7137-024-018

California Los Angeles County Long Beach 90807 Bixby Knolls

3991 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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