NOT LISTED FOR SALE

Estimated Value: $898,000 - $1,256,755

2 Beds
3 Baths
2,000 Sq Ft
1,350 Sq Ft Lot

Last Sold September 21, 2012

Last sale price $700,000 $350 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,656/month

432 Days on Market

Highlights

  • Ocean View
  • Dumbwaiter
  • Mediterranean Architecture
  • Lowell Elementary School Rated A-
  • Main Floor Primary Bedroom
  • 2 Car Direct Access Garage

About This Home

As of September 2012

Incredible Ocean View condo located in prestigious Belmont Shore. Ocean Views from all floors. No expense was spared in upgrading the custom built gourmet kitchen with granite counters, island center, Thermador appliances, 6 burner range with built-in warmer, microwave, refrigerator. Pecan wood cabinets-all drawers easy pull outs. Wine cooler, kitchen accent cupboard lighting. Recessed lighting with ceiling fans in living room, bedrooms & family rm. Family room/bonus rm on 1st floor with private bath. High beam ceilings with accent beams throughout. Fireplace in living room & master bedroom. New spa tub in Master Suite. Sculptured carpeting in neutral color, french sliding doors, three balconies and patio off 1st floor. Dining area with custom chandelier. Skylights make home very sunny and bright. Built in book shelves in Master and Living room. Built in cabinets and desk in family room. New Turbo BBQ, dumbwaiter, lots of storage plus large attic. Double Attached Garage with storage.

Last Agent to Sell the Property

Coby Myers-Griffen

First Team Real Estate License #00611568 Listed on: 05/20/2011

First Team Real Estate

Last Buyer's Agent

Kathleen Spurlock

Coldwell Banker Realty License #01820633

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,820

Year Built

  • Built in 1993

Lot Details

  • 1,350

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Mediterranean Architecture
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,000 Sq Ft Home
  • Fireplace With Gas Starter
  • Living Room Balcony
  • Ocean Views

Kitchen

  • Dumbwaiter
  • Eat-In Kitchen
  • Gas Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Sewer on Bond

Community Details

  • Property has a Home Owners Association
  • 15 Units

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50350
  • Assessor Parcel Number 7256037029

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,820

Year Built

Built in 1993

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 562-618-2732
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7256037029
  • Year Built: 1993
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2000.00
  • Interior Amenities: Dumbwaiter, Living Room Balcony
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 2
  • Eating Area: Area
  • Fireplace Features: Gas Starter
  • Levels: Three Or More
  • Price Per Square Foot: 350.00
  • Room Type: Main Floor Master Bedroom

Exterior Features

  • Patio: No
  • View: Ocean, Water
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Built-In, Dishwasher, Gas Cooking, Microwave, Range, Refrigerator, Cooktop
  • Heating Type: Forced Air
  • Sewer: Sewer On Bond
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 300.00
  • Senior Community: No

Schools

  • School District: Long Beach Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 1372.00
  • Lot Size Acres: 0.0310

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1372.0000 Square Feet
  • Number Of Units In Community: 15
  • Number Of Units Total: 15

Tax Info

  • Tax Lot: 1
  • Tax Tract: Belmont Shore
  • Tax Tract Number: 50350

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2011
Closed on
Jul 23, 2012
Sold by
Hill Penny Irwin and The Penny Peelle Irwin 1995 In
Bought by
Yao Pengxia
Seller's Agent
Coby Myers-Griffen
First Team Real Estate
Buyer's Agent
Kathleen Spurlock
Coldwell Banker Realty
List Price
$825,000
Sold Price
$700,000
Premium/Discount to List
-$125,000
-15.15%
Current Estimated Value
$1,085,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,189
Avg. Annual Appreciation
3.41%
Original Mortgage
$490,000
Outstanding Balance
$336,151
Interest Rate
3.54%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$749,038

Purchase Details

Closed on
Feb 27, 2009
Sold by
Hill Penny Irwin and Irwin Penny P
Bought by
Hill Penny Irwin and The Penny Peelle Irwin 1995 Inter Vivos

Purchase Details

Closed on
Jan 21, 2003
Sold by
Irwin Penny P
Bought by
Erwin Penny P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
5.97%

Purchase Details

Closed on
Jul 2, 2001
Sold by
Irwin Penny Peelle and Penny Peele Irwin 1995 Inter V
Bought by
Irwin Penny P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,000
Interest Rate
7.24%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 26, 1995
Sold by
Irwin Penny P
Bought by
Irwin Penny Peelle and Penny Peelle Irwin 1995 Inter Vivos Tr

Purchase Details

Closed on
Jan 13, 1994
Sold by
Beach & Oceanaire Motel
Bought by
Irwin Penny P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.29%
Source: Public Records

Range of Values:

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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
Yao Pengxia $700,000 Chicago Title Company La
Hill Penny Irwin -- None Available
Erwin Penny P -- California Counties Title Co
Irwin Penny P -- Orange Coast Title
Irwin Penny Peelle -- --
Irwin Penny P -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yao Pengxia $490,000
Previous Owner Erwin Penny P $214,500
Previous Owner Irwin Penny P $211,000
Previous Owner Irwin Penny P $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2012 09/21/12 Sold $700,000 -11.3% $350 / Sq Ft
05/24/2012 05/24/12 Price Changed $789,000 -0.8% $395 / Sq Ft
06/11/2011 06/11/11 Price Changed $795,000 -3.6% $398 / Sq Ft
05/20/2011 05/20/11 For Sale $825,000 -- $413 / 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 $10,820 $861,990 $426,932 $435,058
2024 $10,820 $845,089 $418,561 $426,528
2023 $10,641 $828,519 $410,354 $418,165
2022 $9,982 $812,274 $402,308 $409,966
2021 $9,787 $796,348 $394,420 $401,928
2019 $9,647 $772,729 $382,722 $390,007
2018 $9,410 $757,578 $375,218 $382,360
2016 $8,651 $728,162 $360,649 $367,513
2015 $8,298 $717,225 $355,232 $361,993
2014 $8,233 $703,177 $348,274 $354,903
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P782279

California Regional Multiple Listing Service (CRMLS)

APN: 7256-037-029