NOT LISTED FOR SALE

Estimated Value: $727,000 - $942,000

2 Beds
1 Bath
819 Sq Ft
$1,055/Sq Ft Est. Value

Last Sold August 24, 2016

Last sale price $440,000 $537 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $5,455/month

21 Days on Market

Highlights

  • Wood Flooring
  • Private Yard
  • Covered patio or porch
  • Gompers Elementary School Rated A-
  • No HOA
  • 1 Car Direct Access Garage

About This Home

As of August 2016

**HUD Home in Lakewood** Another Red Hot HUD Home has hit the market in the Civic Center area of Lakewood. Bring your paint brush tools and talent and create your dream home in one of Southern California's most desirable suburbs. Traditional mid century design with many of the original features like hardwood floors still intact, two spacious bedrooms a bright kitchen and a large living dining combo. This a small footprint structure on a large 5358 SQFT lot ready for a value added addition. Best of all the available FHA 203K financing makes funding the remodel a very easy proposition.
Located within an easy pedestrian commute from the Civic Center and major retail shopping centers and a few short blocks from major freeways. Don't wait on this one, for a short period of time owner occupants get priority bidding status, no investor competition!

Last Agent to Sell the Property

David Jervis

Century 21 Jervis & Associates License #00909394 Listed on: 05/11/2016

Century 21 Jervis & Associates

Last Buyer's Agent

Veronica Garcia

First American Team Realty Inc License #01513400

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,802

Year Built

  • Built in 1950

Lot Details

  • 5,358 Sq Ft Lot
  • Level Lot
  • Private Yard
  • Lawn

Parking

  • 1 Car Direct Access Garage
  • Parking Available

Home Design

  • Bungalow
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Raised Foundation
  • Stucco

Interior Spaces

  • 819 Sq Ft Home
  • Combination Dining and Living Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Covered patio or porch
  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7172018017

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,802

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Lakewood City/Lakewood (LCK)
  • View: No
  • Architectural Style: Bungalow
  • Property Condition: Additions/Alterations, Fixer, Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7172018017
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 819.00
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: In Kitchen, In Living Room
  • Levels: One
  • Price Per Square Foot: 537.24
  • Room Type: Living Room

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Patio And Porch Features: Covered, Slab
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Direct Garage Access, Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Bellflower Unified

Lot Info

  • Land Lease: No
  • Lot Features: Level, Lawn, Yard
  • Lot Size Sq Ft: 5358.00
  • Price Per Lot Square Foot: 82.12

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2016
Closed on
Aug 18, 2016
Sold by
Secretary Of Housing & Urban Development
Bought by
Perez Marco and Garcia Monica
Seller's Agent
David Jervis
Century 21 Jervis & Associates
Buyer's Agent
Veronica Garcia
First American Team Realty Inc
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%
Current Estimated Value
$877,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,613
Avg. Annual Appreciation
7.83%
Original Mortgage
$431,765
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 18, 2016
Sold by
Powell Vernon J
Bought by
The Secretary Of Housing & Urban Develop
Source: Public Records

Range of Values:

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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
Perez Marco $440,000 Title365
The Secretary Of Housing & Urban Develop $398,866 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Marco $485,000
Closed Perez Marco $431,765
Previous Owner Powell Vernon J $544,185
Previous Owner Powell Vernon J $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2016 08/24/16 Sold $440,000 -2.2% $537 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $450,000 -- $549 / 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 $7,802 $594,092 $408,523 $185,569
2024 $7,802 $582,444 $400,513 $181,931
2023 $7,672 $571,024 $392,660 $178,364
2022 $7,207 $559,828 $384,961 $174,867
2021 $7,066 $548,852 $377,413 $171,439
2019 $6,030 $457,775 $366,220 $91,555
2018 $5,848 $448,800 $359,040 $89,760
2016 $2,317 $172,570 $100,921 $71,649
2015 $2,232 $169,979 $99,406 $70,573
2014 $2,222 $166,650 $97,459 $69,191
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16100618

California Regional Multiple Listing Service (CRMLS)

APN: 7172-018-017