NOT LISTED FOR SALE

5557 Olive Ave Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $710,000 - $720,734

3 Beds
1 Bath
1,023 Sq Ft
$701/Sq Ft Est. Value

Last Sold November 19, 2018

Last sale price $440,000 $430 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,315/month

68 Days on Market

Highlights

  • Private Yard
  • Living Room
  • Gas Fireplace
  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of November 2018

This property in a quiet neighborhood would make a great investment property or for anyone to call home. It's a 3 bedroom 1 bathroom home, perfect for entertaining and relaxing. Has amazing potential and it's ready for its new owners.

Last Agent to Sell the Property

Guillermo Serafin

Serve First Realty License #01471159 Listed on: 08/10/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927

Lot Details

  • 5,040 Sq Ft Lot
  • Private Yard
  • Back and Front Yard
  • Property is zoned LBR1N

Parking

  • 2 Car Garage

Interior Spaces

  • 1,023 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 5737
  • Tax Tract Number 5737
  • Assessor Parcel Number 7127010023

Home Details

Home Type

Single Family

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Zoning: LBR1N
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7127010023
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1023.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 430.11
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Yard
  • Lot Size Sq Ft: 5040.00
  • Lot Size Acres: 0.1157

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5040.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5706.01
  • Tax Lot: 5737
  • Tax Tract Number: 5737

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2018
Closed on
Dec 22, 2018
Sold by
Castro Fatima Beatriz
Bought by
Castro Fatima Beatriz and Castro Jose A
Seller's Agent
Guillermo Serafin
Serve First Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$449,999
Sold Price
$440,000
Premium/Discount to List
-$9,999
-2.22%
Current Estimated Value
$717,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,434
Avg. Annual Appreciation
7.10%
Original Mortgage
$393,976
Outstanding Balance
$344,447
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$372,987

Purchase Details

Listed on
Aug 10, 2018
Closed on
Oct 24, 2018
Sold by
Lee Kenneth James and Kenneth James Lee Trust
Bought by
Castro Fatima Beatriz
Seller's Agent
Guillermo Serafin
Serve First Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$449,999
Sold Price
$440,000
Premium/Discount to List
-$9,999
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,976
Outstanding Balance
$344,447
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$372,987

Purchase Details

Closed on
Apr 24, 2013
Sold by
Lee Kenneth James
Bought by
Lee Kenneth James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,310
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 7, 2013
Sold by
Lee Kenneth James
Bought by
Lee Kenneth James and The Kenneth James Lee Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,310
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 10, 2010
Sold by
Lee Kenneth J
Bought by
Lee Kenneth James and The Kenneth James Lee Trust

Purchase Details

Closed on
Oct 12, 2009
Sold by
Silberstein Seth Jeremy and Silberstein Julieta Franco
Bought by
Lee Kenneth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,653
Interest Rate
4.92%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 9, 2005
Sold by
Rosefarm Investments Inc
Bought by
Silberstein Seth Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Castro Fatima Beatriz -- None Available
Castro Fatima Beatriz $440,000 Fidelity National Title Comp
Lee Kenneth James -- Old Republic Title Co
Lee Kenneth James -- None Available
Lee Kenneth James -- None Available
Lee Kenneth J $240,000 Lawyers Title Company
Silberstein Seth Jeremy $435,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Fatima Beatriz $393,976
Previous Owner Lee Kenneth James $224,310
Previous Owner Lee Kenneth J $235,653
Previous Owner Silberstein Seth Jeremy $348,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2018 11/19/18 Sold $440,000 0.0% $430 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
10/10/2018 10/10/18 Price Changed $439,999 -2.2% $430 / Sq Ft
08/10/2018 08/10/18 For Sale $449,999 -- $440 / 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 $6,803 $512,019 $392,661 $119,358
2024 $6,803 $501,980 $384,962 $117,018
2023 $6,684 $492,138 $377,414 $114,724
2022 $6,281 $482,489 $370,014 $112,475
2021 $6,224 $473,029 $362,759 $110,270
2019 $5,699 $440,000 $352,000 $88,000
2018 $3,470 $272,263 $148,610 $123,653
2016 $3,192 $261,693 $142,841 $118,852
2015 $3,065 $257,763 $140,696 $117,067
2014 $3,047 $252,714 $137,940 $114,774
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Guillermo Serafin

    Serve First Realty

    Section Image

  • N

    Buyer's Agent in 2018

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,207 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18230562

California Regional Multiple Listing Service (CRMLS)

APN: 7127-010-023

California Los Angeles County Long Beach 90805 Lindbergh

5557 Olive Ave, Long Beach, CA

Not Listed for Sale

Detached

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