NOT LISTED FOR SALE

4231 E Vermont St Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $1,163,000 - $1,637,000

4 Beds
3 Baths
1,900 Sq Ft
$709/Sq Ft Est. Value

Last Sold March 23, 2015

Last sale price $815,000 $429 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $8,066/month

98 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Balcony
  • Fremont Elementary School Rated A
  • No HOA
  • Two Homes on a Lot

About This Home

As of March 2015

Absolutely charming bungalow in front - 2 bedroom, 1 bath, loaded with original character with mock fireplace, drop down desk and built-ins and 2 bedroom, 1.75 bath unit with master suite and walk-in closet, lots of storage sits above 2- 2 car garages in rear (back unit built in 1989). Large lot with plenty of yard space and parking. Separate laundry facility is shared and machines are included. Great location, walk to Fremont Elementary. Both units have fantastic tenants, currently month-to-month.

Last Agent to Sell the Property

Jamee Lindberg

Re/Max R. E. Specialists License #01107487 Listed on: 11/14/2014

Re/Max R. E. Specialists

Last Buyer's Agent

Robert Hovard

Broadmoor Realty, Inc. License #00457499

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,807 Sq Ft Lot
  • Lot Dimensions are 50x135
  • No Common Walls
  • Fence is in average condition
  • Garden
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Contemporary Architecture
  • Bungalow
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Clapboard
  • Stucco

Interior Spaces

  • 1,900 Sq Ft Home
  • 2-Story Property
  • Chair Railings
  • Blinds
  • Wood Frame Window
  • French Doors
  • Storage

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Free-Standing Range
  • Ceramic Countertops
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Floor Furnace
  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Balcony
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 8
  • Assessor Parcel Number 7255036010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $992
  • Trash Expense $240
  • Water Sewer Expense $840
  • New Taxes Expense $9,345
  • Gross Income $3,600
  • Net Operating Income $39,382

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Water Sewer Expenses: 840.00
  • Architectural Style: Bungalow, Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7255036010
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Ceramic Counters, Chair Railings, Storage, Tile Counters, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Door Features: French Doors
  • Levels: One
  • Price Per Square Foot: 428.95
  • Window Features: Blinds, Wood Frames

Exterior Features

  • Foundation: Slab, Raised
  • Other Structures: Two On A Lot
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Clapboard, Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Community, Dryer Included, Washer Included
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre, Front Yard, Garden
  • Lot Size: 50x135
  • Lot Size Sq Ft: 6807.00
  • Lot Size Acres: 0.1560

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 1100
  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 992.00
  • Lot Size Area: 6807.0000 Square Feet
  • Net Operating Income: 39382.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 3872.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9345.00
  • Taxes Percent: 1.10
  • Tax Lot: 8
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2014
Closed on
May 13, 2015
Sold by
Teubel Michael D
Bought by
Michael Taeubel & Susanne Taeubel Living
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Robert Hovard
Broadmoor Realty, Inc.
List Price
$849,500
Sold Price
$815,000
Premium/Discount to List
-$34,500
-4.06%
Current Estimated Value
$1,347,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$532,101
Avg. Annual Appreciation
4.76%

Purchase Details

Listed on
Nov 14, 2014
Closed on
Feb 25, 2015
Sold by
Mckeown Cary
Bought by
Taeubel Michael D and Taeubel Susanne J
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Robert Hovard
Broadmoor Realty, Inc.
List Price
$849,500
Sold Price
$815,000
Premium/Discount to List
-$34,500
-4.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,650
Outstanding Balance
$482,792
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$864,309

Purchase Details

Closed on
Nov 12, 2014
Sold by
Mckeown Cary
Bought by
Mckeown Cary and Cary Mckeown Living Trust

Purchase Details

Closed on
Jul 20, 2007
Sold by
Mckeown Daniel Linton and The Mckeown Trust
Bought by
Mckeown Cary

Purchase Details

Closed on
Oct 21, 2003
Sold by
Mckeown Wandeen
Bought by
Mckeown Wandeen and The Mckeown Trust

Purchase Details

Closed on
Aug 10, 2001
Sold by
Palango T Ted
Bought by
Mckeown Wandeen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,880
Interest Rate
6.88%

Purchase Details

Closed on
Sep 30, 1993
Sold by
Mcnulty Garret P and Magill Marilla
Bought by
Palango T Ted

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,000
Interest Rate
7.16%

Purchase Details

Closed on
Sep 30, 1985
Sold by
Mcnulty Garret P
Bought by
Palango T Ted
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Michael Taeubel & Susanne Taeubel Living -- Accommodation
Taeubel Michael D $815,000 North American Title Company
Mckeown Cary -- None Available
Mckeown Cary -- None Available
Mckeown Wandeen -- --
Mckeown Wandeen $435,000 Gateway Title
Palango T Ted -- Benefit Land Title Co
Palango T Ted -- Benefit Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taeubel Michael D $633,650
Previous Owner Mckeown Wandeen $347,880
Previous Owner Palango T Ted $179,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2015 03/23/15 Sold $815,000 -4.1% $429 / Sq Ft
02/20/2015 02/20/15 Pending -- -- --
11/14/2014 11/14/14 For Sale $849,500 -- $447 / 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 $12,348 $979,497 $783,602 $195,895
2024 $12,348 $960,292 $768,238 $192,054
2023 $12,144 $941,464 $753,175 $188,289
2022 $11,395 $923,005 $738,407 $184,598
2021 $11,180 $904,908 $723,929 $180,979
2019 $11,022 $878,069 $702,457 $175,612
2018 $10,673 $860,853 $688,684 $172,169
2016 $9,825 $827,428 $661,943 $165,485
2015 $6,267 $534,441 $427,632 $106,809
2014 $6,223 $523,973 $419,256 $104,717
Source: Public Records

Agents Affiliated with this Home

  • Jamee Lindberg

    Seller's Agent in 2015

    Jamee Lindberg

    RE/MAX

    (562) 881-3811

    13 in this area

    76 Total Sales

    Jamee Lindberg
    Section Image

  • R

    Buyer's Agent in 2015

    Robert Hovard

    Broadmoor Realty, Inc.

    (562) 438-0910

    1 in this area

    13 Total Sales

    Robert Hovard
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14242253

California Regional Multiple Listing Service (CRMLS)

APN: 7255-036-010

California Los Angeles County Long Beach 90814 Belmont Heights

4231 E Vermont St, Long Beach, CA

Not Listed for Sale

MultiFamily

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