Seller's Agent in 2021
Rhonda Mesa
Mesa Properties
(714) 458-9607
1 in this area
4 Total Sales
5502 Lorelei Ave Lakewood, CA 90712
Lakewood Park NeighborhoodEstimated Value: $1,032,801 - $1,123,000
5
Beds
2
Baths
2,239
Sq Ft
$479/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- Corner Lot
- Property is near a park
- Main Floor Bedroom
- No HOA
About This Home
As of February 2021Location! Location! Location! This is a large 5 BR home in Lakewood Park. Tax rolls indicate 6 BRs but it is actually 5 BRs. Could be changed back to a 6 BR if desired. This expanded and quaint home is located on a large corner lot with both a front and a side entrance. Great location within walking distance to blue ribbon Steven Foster Elementary School. Mayfair High School is also nearby, and centrally located between CA State Long Beach, Long Beach City College, and Cerritos Community College. Large deck in the back yard is great for gatherings. This comfy home includes 2 BR downstairs and 3 BR upstairs. French doors in the family room, hardwood floors and recessed lighting downstairs, as well as lots of built-in storage. Both upstairs and downstairs bathrooms have been remodeled, including large over-sized shower downstairs and soaker tub and added storage upstairs. Central air and heating, water purifier/softener, alarm system and ceiling fans in most rooms. Kitchen includes gas powered double ovens. Energy efficient solar panels for lower electric bills. Additional storage under stairs is accessible via the laundry room. Corner lot includes room to build space for RV or boat access. This home also has the potential to be divided into two separate living quarters with a little remodeling. Restaurants, shopping and Mayfair Park close by.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,213
Year Built
- Built in 1950
Lot Details
- 6,321 Sq Ft Lot
- West Facing Home
- Masonry wall
- Corner Lot
- Front Yard Sprinklers
- Density is up to 1 Unit/Acre
- Property is zoned LKR1YY
Parking
- 2 Car Attached Garage
- Parking Available
- Side Facing Garage
- Driveway
Home Design
- Cosmetic Repairs Needed
- Slab Foundation
- Shingle Roof
- Adobe
Interior Spaces
- 2,239 Sq Ft Home
- 2-Story Property
- Built-In Features
- Recessed Lighting
- Blinds
- Window Screens
- Separate Family Room
- Combination Dining and Living Room
Kitchen
- Galley Kitchen
- Double Oven
- Gas Oven
- Gas Range
- Microwave
- Dishwasher
- Laminate Countertops
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms | 2 Main Level Bedrooms
- Remodeled Bathroom
- In-Law or Guest Suite
- Soaking Tub
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Gas Dryer Hookup
Home Security
- Alarm System
- Fire and Smoke Detector
- Termite Clearance
Outdoor Features
- Deck
- Wood Patio
Schools
- Stephen Foster Elementary School
- Mayfair High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Gas Water Heater
- Water Purifier
- Water Softener
- Sewer Paid
- Cable TV Available
Additional Features
- Grab Bar In Bathroom
- Property is near a park
Listing and Financial Details
- Tax Lot 235
- Tax Tract Number 14594
- Assessor Parcel Number 7171018001
Community Details
Overview
- No Home Owners Association
- Lakewood Park/North Of Del Amo Subdivision
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 30, 2020
Closed on
Dec 28, 2020
Sold by
Cuadros Jaime F and Cuadros Debra L
Bought by
Melendrez Robert Nicholas and Melendrez Karina
Seller's Agent
Rhonda Mesa
Mesa Properties
Buyer's Agent
Yolanda Williams
eXp Realty of California Inc
List Price
$850,000
Sold Price
$810,000
Premium/Discount to List
-$40,000
-4.71%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,200
Avg. Annual Appreciation
5.82%
Original Mortgage
$560,000
Outstanding Balance
$499,989
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$548,000
Purchase Details
Closed on
Jul 26, 2017
Sold by
Cuadros Jaime F and Cuadros Debra L
Bought by
Cuadros Jaime F and Cuadros Debra L
Purchase Details
Closed on
Jun 18, 2002
Sold by
Hayes James L and Hayes Barbara L
Bought by
Cuadros Jaime F and Cuadros Debra L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6.71%
Purchase Details
Closed on
Aug 26, 1997
Sold by
Phillips Brookshire Cassius W
Bought by
Brookshire Nancy Faye Phillips
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
7.36%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 21, 1997
Sold by
Phillips Brookshire Nancy F
Bought by
Hayes James L and Hayes Barbara L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
7.36%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Melendrez Robert Nicholas | $810,000 | First American Title Company | |
| Cuadros Jaime F | -- | None Available | |
| Cuadros Jaime F | $395,000 | Provident Title | |
| Brookshire Nancy Faye Phillips | -- | -- | |
| Hayes James L | $214,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Melendrez Robert Nicholas | $100,000 | |
| Open | Melendrez Robert Nicholas | $560,000 | |
| Previous Owner | Cuadros Jaime F | $450,000 | |
| Previous Owner | Cuadros Jaime F | $233,000 | |
| Previous Owner | Cuadros Jamie F | $85,000 | |
| Previous Owner | Cuadros Jaime F | $60,000 | |
| Previous Owner | Cuadros Jaime F | $324,000 | |
| Previous Owner | Cuadros Jaime F | $38,000 | |
| Previous Owner | Cuadros Jaime F | $316,000 | |
| Previous Owner | Hayes James L | $50,000 | |
| Previous Owner | Brookshire Nancy Faye Phillips | $171,200 | |
| Previous Owner | Hayes James L | $171,200 | |
| Closed | Cuadros Jaime F | $39,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2021 02/04/21 | Sold | $810,000 | 0.0% | $362 / Sq Ft |
| 12/21/2020 12/21/20 | Pending | -- | -- | -- |
| 12/18/2020 12/18/20 | Price Changed | $810,000 | -1.8% | $362 / Sq Ft |
| 12/08/2020 12/08/20 | Price Changed | $825,000 | -2.9% | $368 / Sq Ft |
| 11/30/2020 11/30/20 | For Sale | $850,000 | -- | $380 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,213 | $876,767 | $701,415 | $175,352 |
| 2024 | $10,213 | $859,576 | $687,662 | $171,914 |
| 2023 | $9,786 | $842,723 | $674,179 | $168,544 |
| 2022 | $9,604 | $826,200 | $660,960 | $165,240 |
| 2021 | $6,390 | $528,509 | $294,627 | $233,882 |
| 2020 | $6,333 | $523,090 | $291,606 | $231,484 |
| 2019 | $6,224 | $512,835 | $285,889 | $226,946 |
| 2018 | $6,039 | $502,781 | $280,284 | $222,497 |
| 2016 | $5,791 | $483,259 | $269,401 | $213,858 |
| 2015 | $5,673 | $476,001 | $265,355 | $210,646 |
| 2014 | $5,596 | $466,678 | $260,158 | $206,520 |
Source: Public Records
Agents Affiliated with this Home
-
Rhonda Mesa
-
Yolanda Williams
Buyer's Agent in 2021
Yolanda Williams
eXp Realty of California Inc
(562) 755-3123
1 in this area
16 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20247874
APN: 7171-018-001
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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