NOT LISTED FOR SALE

Park Ocean Condos 5585 E Pacific Coast Hwy Unit 369 Long Beach, CA 90804

Park Estates Neighborhood

Estimated Value: $315,000 - $374,000

1 Bed
1 Bath
597 Sq Ft
3.39 Acres

Last Sold January 19, 2012

Last sale price $100,000 $168 Per Sq Ft

Est. 250% increase in value since last sale

Current estimated payment $2,099/month

14 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • Living Room
  • Minnie Gant Elementary School Rated A
  • Traditional Architecture
  • Laundry Facilities

About This Home

As of January 2012

This property is eligible under the Freddie Mac First Look Initiative through 09/02/2011. Days 1-15 offers only from NSP buyers, nonprofit organizations and Owner occupied offers will be reviewed. Purchaser does not need to be a first time buyer to be eligible but must be buying the home as their primary residence. Seller will make NO REPAIRS including Lender required

Last Listed By

Ivery Summers

The Collective Realty License #01201338 Listed on: 08/18/2011

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,663

Year Built

  • Built in 1970

Lot Details

  • 3.39

Parking

  • Parking Garage Space

Home Design

  • Traditional Architecture

Interior Spaces

  • 597 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • In Ground Pool
  • Gated Home
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 7240-025-235

Community Details

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • 219 Units
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,663

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Traditional
  • Street Number Display: Yes
  • Complex Name: Park Ocean
  • Entry Floor: 3
  • Living Area: 597
  • Planned Urban Dev: 0
  • Stories: 1
  • Unit Floor In Building: 3
  • Year Built: 1970
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: RealEstateOwned

Interior Features

  • Flooring: Mixed
  • Bedrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 196.82

Exterior Features

  • Pool Description: Community
  • Pool: Yes
  • View: No

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage

Utilities

  • Heating: Wall
  • Security: Gated

Association/Amenities

  • Amenities: Exercise Room
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 231.59

Lot Info

  • Assessor Parcel Number: 7240-025-235

Multi Family

  • Number Of Units: 219

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2011
Closed on
Dec 29, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Paz Christopher
Seller's Agent
Ivery Summers
The Collective Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$117,500
Sold Price
$100,000
Premium/Discount to List
-$17,500
-14.89%
Total Days on Market
14
Current Estimated Value
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,000
Avg. Annual Appreciation
10.05%
Original Mortgage
$80,000
Outstanding Balance
$56,093
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$303,759

Purchase Details

Closed on
Jun 11, 2001
Sold by
Goddard Sherry
Bought by
Rider Jimmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,203
Interest Rate
7.15%

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
Paz Christopher $100,000 Lsi Title Company
Rider Jimmy $90,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paz Christopher $80,000
Previous Owner Rider Jimmy $167,000
Previous Owner Rider Jimmy $150,000
Previous Owner Rider Jimmy $87,203
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2012 01/19/12 Sold $100,000 -14.9% $168 / Sq Ft
09/01/2011 09/01/11 Pending -- -- --
08/18/2011 08/18/11 For Sale $117,500 -- $197 / Sq Ft
Source: The MLS

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 $1,663 $123,130 $49,250 $73,880
2023 $1,631 $120,717 $48,285 $72,432
2022 $1,533 $118,351 $47,339 $71,012
2021 $1,496 $116,031 $46,411 $69,620
2020 $1,491 $114,843 $45,936 $68,907
2019 $1,472 $112,592 $45,036 $67,556
2018 $1,430 $110,385 $44,153 $66,232
2016 $1,315 $106,101 $42,440 $63,661
2015 $1,263 $104,508 $41,803 $62,705
2014 $1,259 $102,462 $40,985 $61,477
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2012

    Ivery Summers

    The Collective Realty

    (310) 920-3455

    Section Image

  • S

    Buyer's Agent in 2012

    Subscriber Non

    Non-Participant Office

See All Agents

About Park Ocean Condos

Map

Source: The MLS

MLS Number: 11-549399

The MLS

APN: 7240-025-235

California Los Angeles County Long Beach 90804 Park Estates

5585 E Pacific Coast Hwy Unit 369, Long Beach, CA

Homes for Sale in Long Beach, CA

This home is located at 5585 E Pacific Coast Hwy Unit 369, Long Beach, CA 90804 since 18 August 2011 and is currently estimated at $350,000, approximately $586 per square foot. This property was built in 1970. 5585 E Pacific Coast Hwy Unit 369 is a home located in Los Angeles County with nearby schools including Minnie Gant Elementary School, Stanford Middle School, and Woodrow Wilson High School.

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