$560,000
SOLD SEP 18, 2020
1 Bed
1 Bath
983 Sq Ft
$427/mo HOA Fee

Recently Sold

$570 Per Sq Ft

4% Below List Price

7 Days on Market

Highlights

  • Gated Community
  • 2-minute walk to Pacific Station
  • Open Floorplan
  • Long Beach Polytechnic High School Rated A
  • City Lights View
  • 4-minute walk to Harvey Milk Promenade Park

About This Home

As of June 2023

Beautiful PENTHOUSE home with Beautiful views! Be a part of downtown Long Beach history! Welcome to Newberry Lofts. JJ Newberry’s Department store opened its doors in LB in 1951 and It has been transformed to beautiful loft homes. This incredible home includes 2 secured underground parking spaces and features high ceilings, a gas fireplace, dark wood laminate flooring throughout. The modern kitchen features Italian soft close cabinets, quartz counter tops, Hansgrohe fixtures and a brushed nickel back splash and a skylight for soft natural lighting. The large bathroom has a skylight and plenty of room for a linen cabinet or bench. The walk in closet comes equipped with organizer for the most efficient use of space. Home includes a convenient inside laundry closet. This home has the added bonus of a large 200 Sf Ft patio for entertaining or just relaxing and watching the sun go down. There are many restaurants, coffee houses and gastro pubs to walk to. Newberry Lofts has a walk score of 98! So you will enjoy exploring the city. Photos are virtually staged

Last Agent to Sell the Property

Bobbie Seegers

Seven Gables Real Estate License #01312786 Listed on: 08/06/2020

Co-Listed By

Scott Hamilton

Engel & Völkers Long Beach License #01125930

Last Buyer's Agent

Janet Darrow

Keller Williams Coastal Prop. License #01977602

Keller Williams Coastal Prop.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,580

Year Built

  • Built in 2016

HOA Fees

  • $427 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Tandem Garage
  • Automatic Gate
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Turnkey

Interior Spaces

  • 983 Sq Ft Home
  • Open Floorplan
  • Gas Fireplace
  • Sliding Doors
  • Laminate Flooring
  • City Lights Views
  • Closed Circuit Camera

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System

Additional Features

  • Two or More Common Walls
  • Urban Location

Listing and Financial Details

  • Tax Lot 404
  • Tax Tract Number 71130
  • Assessor Parcel Number 7280009159

Community Details

Overview

  • 28 Units
  • Newberry Lofts Association, Phone Number (562) 481-3866
  • Downtown Subdivision

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,580

Year Built

Built in 2016

Lot Details

0

HOA Fees

$427 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Other Phone Description: 7144964387
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBPD
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7280009159
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 983.00 Square Feet
  • Interior Amenities: Balcony, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Sliding Doors
  • Fireplace Features: Gas
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 569.68
  • Room Type: Walk-In Closet
  • Bathroom Features: Shower In Tub
  • Room Kitchen Features: Kitchen Island, Quartz Counters

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Patio And Porch Features: Deck
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Assigned, Tandem Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Trash, Water, Pets Permitted, Weight Limit, Management, Security, Controlled Access, Hot Water
  • Association Fee: 427.41
  • Association Fee Frequency: Monthly
  • Association Name: Newberry Lofts
  • Phone: 562-481-3866
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban
  • Association Management: Newberry Lofts

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 16900.00
  • Lot Size Acres: 0.3880

Multi Family

  • Lease Considered: No
  • Lot Size Area: 16900.0000 Square Feet
  • Number Of Units In Community: 28
  • Number Of Units Total: 28

Tax Info

  • Tax Census Tract: 5759.02
  • Tax Lot: 404
  • Tax Tract Number: 71130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2023
Closed on
May 22, 2023
Sold by
Lewis David R
Bought by
Oertel Michael Benjamin and Chhettri Smriti
Seller's Agent
Janet Darrow
Keller Williams Coastal Prop.
Buyer's Agent
Desiree Sukhov
Maxximum Realty Inc
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%
Total Days on Market
7
Views
33
Current Estimated Value
$683,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,051
Avg. Annual Appreciation
2.55%
Original Mortgage
$520,000
Outstanding Balance
$508,905
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$174,146
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $650,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $520,000 New Conventional
Previous Owner $380,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2023 06/13/23 Sold $650,000 +0.2% $661 / Sq Ft
05/18/2023 05/18/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $649,000 +15.9% $660 / Sq Ft
09/18/2020 09/18/20 Sold $560,000 -4.3% $570 / Sq Ft
08/13/2020 08/13/20 Pending -- -- --
08/06/2020 08/06/20 For Sale $584,900 -- $595 / 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
2024 $8,580 $663,000 $265,200 $397,800
2023 $7,595 $582,624 $208,080 $374,544
2022 $7,126 $571,200 $204,000 $367,200
2021 $6,932 $560,000 $200,000 $360,000
2019 $2,494 $184,885 $45,597 $139,288
2018 $1,308 $92,830 $44,703 $48,127
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20157441

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-159