NOT LISTED FOR SALE

Portofino 5400 E The Toledo Unit 401 Long Beach, CA 90803

Naples Neighborhood

Estimated Value: $670,000 - $1,020,000

2 Beds
2 Baths
1,095 Sq Ft
1962 Built

Last Sold February 14, 2012

Last sale price $650,000 $594 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,074/month

88 Days on Market

Highlights

  • Ocean View
  • Filtered Pool
  • Traditional Architecture
  • Naples Bayside Academy Rated A
  • Gated Parking
  • Balcony

About This Home

As of February 2012

Rare opportunity to own at The Portofino, one of Naples Landmark buildings. Premiere 4th floor corner unit (on the south side of the building) with 2 bedrooms, 2 baths and huge wrap around balcony with stunning ocean and Alamitos Bay views. Unit also features in-unit washer and dryer, updated lights, beautiful community swimming pool overlooking Alamitos Bay. Enjoy walking to Belmont Shore, the Beach, Restaurants, Shopping and Picturesque Naples Canals. This unit is in one of the best locations in the building!

Last Agent to Sell the Property

Mike Trossen

Equity Brokers License #01466702 Listed on: 11/11/2011

Co-Listed By

Keith Muirhead

Vista Sotheby's Int'l Realty License #01228376

Last Buyer's Agent

Gayle Grubb

RE/MAX College Park Realty License #00513474

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1962

Parking

  • 1 Car Garage
  • Parking Available
  • Gated Parking

Property Views

  • Ocean
  • Bay
  • Panoramic
  • City Lights
  • Canal
  • Mountain

Home Design

  • Traditional Architecture
  • Common Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,095 Sq Ft Home
  • Fireplace
  • Eat-In Kitchen

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Pool

  • Filtered Pool
  • Heated In Ground Pool

Outdoor Features

  • Balcony

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 28697
  • Assessor Parcel Number 7244015054

Community Details

Overview

  • Property has a Home Owners Association
  • 401 Units

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Portofino
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7244015054
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1095.00
  • Interior Amenities: Balcony
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area
  • Levels: One
  • Price Per Square Foot: 593.61

Exterior Features

  • Patio: No
  • View: Bay, City Lights, Canal, Mountain(s), Ocean, Panoramic
  • Fence: No
  • Pool Features: Community, Filtered, Heated, In Ground
  • Pool Private: Yes
  • Roof: Common Roof
  • Spa: No
  • Construction Materials: Concrete

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Gated
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: No
  • Laundry: No
  • Heating Type: Electric, Wall Furnace
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 365.00
  • Senior Community: No

Lot Info

  • Land Lease Purchase: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 401
  • Number Of Units Total: 401

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 28697

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2015
Sold by
Kirkner Pamela K
Bought by
Lavery Robert P and Robert P Lavery Trust
Current Estimated Value
$837,041

Purchase Details

Listed on
Nov 11, 2011
Closed on
Feb 23, 2012
Sold by
Lavery Robert P
Bought by
Lavery Robert P and Robert P Lavery Trust
Seller's Agent
Mike Trossen
Equity Brokers
Buyer's Agent
Gayle Grubb
RE/MAX College Park Realty
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.83%

Purchase Details

Listed on
Nov 11, 2011
Closed on
Dec 20, 2011
Sold by
Cohn Gerald L
Bought by
Lavery Robert P and Kirkner Pamela Kay
Seller's Agent
Mike Trossen
Equity Brokers
Buyer's Agent
Gayle Grubb
RE/MAX College Park Realty
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2007
Sold by
Cohn Gerald L
Bought by
Cohn Gerald L and The Gerald L Cohn Trust

Purchase Details

Closed on
Oct 22, 2007
Sold by
Hines Mayuree
Bought by
Hines Thomas C

Purchase Details

Closed on
Mar 8, 2002
Sold by
Hines Lee Bowling
Bought by
Hines Thomas C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.99%

Purchase Details

Closed on
Jun 16, 1998
Sold by
Hines Lee B Tr Hines Family Trust
Bought by
Hines Lee Bowling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 1998
Sold by
Hines Mayuree
Bought by
Hines Thomas C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 1992
Sold by
Hines Lee Bowling
Bought by
Hines Thomas C

Purchase Details

Closed on
Apr 7, 1992
Sold by
Hines Lee Bowling
Bought by
Hines Lee Bowling

Purchase Details

Closed on
Apr 6, 1992
Sold by
Hines Wilson S
Bought by
Hines Lee Bowling
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lavery Robert P $325,000 Accommodation
Lavery Robert P -- None Available
Lavery Robert P $650,000 Fidelity National Title Co
Cohn Gerald L -- Accommodation
Cohn Gerald L $81,000 Southland Title
Hines Thomas C -- Southland Title
Hines Thomas C -- North American Title Co
Hines Lee Bowling -- Equity Title
Hines Thomas C -- Equity Title
Hines Thomas C -- --
Hines Lee Bowling -- --
Hines Lee Bowling -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lavery Robert P $417,000
Previous Owner Hines Thomas C $280,000
Previous Owner Hines Lee Bowling $227,150
Previous Owner Hines Thomas C $227,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2012 02/14/12 Sold $650,000 -3.7% $594 / Sq Ft
02/07/2012 02/07/12 Pending -- -- --
11/11/2011 11/11/11 For Sale $675,000 -- $616 / 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 $8,727 $696,648 $425,474 $271,174
2024 $8,727 $682,989 $417,132 $265,857
2023 $8,581 $669,598 $408,953 $260,645
2022 $8,043 $656,470 $400,935 $255,535
2021 $7,893 $643,599 $393,074 $250,525
2019 $7,780 $624,512 $381,416 $243,096
2018 $7,603 $612,268 $373,938 $238,330
2016 $6,995 $588,494 $359,418 $229,076
2015 $7,831 $679,315 $418,040 $261,275
2014 $7,769 $666,009 $409,852 $256,157
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mike Trossen

    Equity Brokers

    (562) 434-6731

    5 in this area

    29 Total Sales

    Mike Trossen
    Section Image
  • Keith Muirhead

    Seller Co-Listing Agent in 2012

    Keith Muirhead

    Vista Sotheby's Int'l Realty

    (562) 682-1558

    36 in this area

    50 Total Sales

    Keith Muirhead
    Section Image

  • G

    Buyer's Agent in 2012

    Gayle Grubb

    RE/MAX

See All Agents

About Portofino

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P802833

California Regional Multiple Listing Service (CRMLS)

APN: 7244-015-064

California Los Angeles County Long Beach 90803 Naples

5400 E The Toledo Unit 401, Long Beach, CA

Not Listed for Sale

Condos

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