NOT LISTED FOR SALE

Estimated Value: $473,000 - $607,000

2 Beds
2 Baths
884 Sq Ft
$314/mo HOA Fee

Last Sold July 24, 2020

Last sale price $407,115 $461 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,562/month

4 Days on Market

Highlights

  • City Lights View
  • High Ceiling
  • Eat-In Kitchen
  • 0.33 Acre Lot
  • Granite Countertops
  • Living Room

About This Home

As of July 2020

Desirable top floor corner unit condo at “The Palms” located in prime downtown area of Long Beach within walking distance to the beach, bars and restaurants. This beautiful move in ready 2+2 unit includes laminate wood and tile floors, crown moldings, white cabinets, granite counter with bar seating and stainless appliances in kitchen with custom skylight adding natural sunlight, recessed lighting, high vaulted ceilings, master suite with private bath, 2 side by side parking spots. Beautiful city and neighborhood views from the spacious balcony which includes an outdoor storage closet. This is ideally the best location in the complex. Come see this exclusive and one of a kind unit that might be “the one” for you before it’s too late.

Last Agent to Sell the Property

Michael Chez

Compass License #01244757 Listed on: 06/17/2020

Compass

Last Buyer's Agent

Michelle Higbee

PAK HOME REALTY License #01872655

PAK HOME REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,608

Year Built

  • Built in 1990

Lot Details

  • 0.33

HOA Fees

  • $314 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • City Lights
  • Woods
  • Neighborhood

Interior Spaces

  • 884 Sq Ft Home
  • High Ceiling
  • Family Room
  • Living Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • 1 Common Wall
  • Suburban Location

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 51654
  • Assessor Parcel Number 7272023151

Community Details

Overview

  • 16 Units
  • 6Th Palms Inc. Association, Phone Number (310) 499-9216
  • Community Association Specialists, Inc. HOA
  • Maintained Community

Amenities

  • Laundry Facilities
  • Community Storage Space

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,608

Year Built

Built in 1990

Lot Details

0

HOA Fees

$314 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Refrigerator
  • Property Attached: Yes
  • View: Yes
  • Zoning: LBPD10
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7272023151
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 884.00 Square Feet
  • Interior Amenities: High Ceilings
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Counter / Bar
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 460.54
  • Room Type: Family Room, Living Room, Master Bathroom, Master Bedroom
  • Room Kitchen Features: Granite Counters

Exterior Features

  • View: City Lights, Neighborhood, Trees/Woods
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Storage, Earthquake Insurance, Maintenance Grounds, Trash, Water, Pets Permitted
  • Association Fee: 314.25
  • Association Fee Frequency: Monthly
  • Association Name: 6th Palms Inc.
  • Phone: 310-499-9216
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
  • Association Management: Community Association Specialists, Inc.

Schools

  • School District: Los Alamitos Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 14459.00
  • Lot Size Acres: 0.3319

Multi Family

  • Lease Considered: No
  • Lot Size Area: 14459.0000 Square Feet
  • Number Of Units In Community: 16
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5759.02
  • Tax Lot: 1
  • Tax Tract Number: 51654

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Jul 21, 2020
Sold by
Faico Amanda Jane and The Amanda J Falco Revocable T
Bought by
Hanley Daniel J and Magallon Kathrine L
Seller's Agent
Michael Chez
Compass
Buyer's Agent
Michelle Higbee
PAK HOME REALTY
List Price
$399,000
Sold Price
$407,115
Premium/Discount to List
$8,115
2.03%
Current Estimated Value
$507,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,862
Avg. Annual Appreciation
4.95%
Original Mortgage
$386,759
Outstanding Balance
$345,095
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$174,482

Purchase Details

Closed on
Dec 12, 2018
Sold by
Falco Amanda Jane
Bought by
Falco Amanda Jane and Amanda J Falco Revocable Trust

Purchase Details

Closed on
Oct 12, 2004
Sold by
Palms Long Beach Llc
Bought by
Falco Amanda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2004
Sold by
Building Exchange Co
Bought by
Palms Long Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,030,000
Interest Rate
6.29%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 29, 2004
Sold by
Maliksi Edgardo J and Maliksi Erlinda R
Bought by
Building Exchange Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,030,000
Interest Rate
6.29%
Mortgage Type
Construction

Purchase Details

Closed on
May 20, 2003
Sold by
Brunner Clyde W and Meyer Georges
Bought by
Maliksi Edgardo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,638,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hanley Daniel J $407,500 North American Title Company
Falco Amanda Jane -- None Available
Falco Amanda J $340,000 Investors Title Company
Palms Long Beach Llc $3,000,000 Commonwealth Land Title Co
Building Exchange Co -- --
Maliksi Edgardo J $2,340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanley Daniel J $386,759
Previous Owner Falco Amanda J $268,000
Previous Owner Falco Amanda J $238,000
Previous Owner Palms Long Beach Llc $3,030,000
Previous Owner Maliksi Edgardo J $1,638,000
Closed Falco Amanda J $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $407,115 +2.0% $461 / Sq Ft
06/22/2020 06/22/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $399,000 -- $451 / 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 $5,608 $440,548 $270,608 $169,940
2024 $5,608 $431,910 $265,302 $166,608
2023 $5,514 $423,442 $260,100 $163,342
2022 $5,173 $415,140 $255,000 $160,140
2021 $5,071 $407,000 $250,000 $157,000
2020 $4,736 $383,000 $282,000 $101,000
2019 $4,588 $368,000 $271,000 $97,000
2018 $4,102 $330,000 $242,800 $87,200
2016 $3,076 $250,000 $184,000 $66,000
2015 $2,568 $212,000 $156,000 $56,000
2014 $2,351 $190,000 $140,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20114501

California Regional Multiple Listing Service (CRMLS)

APN: 7272-023-151