Seller's Agent in 2019
Mike Norton
Seven Gables Real Estate
(562) 577-5021
18 Total Sales
614 Molino Ave Long Beach, CA 90814
Bluff Heights NeighborhoodEstimated Value: $1,348,000 - $1,602,000
2
Beds
5
Baths
2,386
Sq Ft
$618/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Wood Flooring
- Neighborhood Views
- Woodrow Wilson High School Rated A
- High Ceiling
- Crown Molding
About This Home
As of January 2019Welcome to 614 Molino Ave, located in Rose Park South Historic District. The front house is a beautiful 1917 Craftsman Bungalow with income units in the back yard. Front home is two bedrooms two bathrooms with a Bonus room and Inside laundry. Beautiful hardwood floors and crown molding. Faux fireplace and built-in China Cabinet. Ceiling fans in most of the rooms. Fresh paint through out the house. Long driveway for 3 cars. Property has 4 Gas meters and 4 electric meters, one water meter. Come see this historical beauty. All this and it is just a stroll to the beach, shopping, restaurants, coffee shops, & 4th Street’s Retro Row & Art Theater. This is the perfect location between Los Angeles and Orange County to enjoy refreshing Pacific Ocean breezes & the small-town ambiance of Historic Rose Park South!
Last Agent to Sell the Property
Seven Gables Real Estate License #00975141 Listed on: 10/18/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,129
Year Built
- Built in 1917
Lot Details
- 4,951 Sq Ft Lot
- Two or More Common Walls
Home Design
- Bungalow
- Property Attached
- Additions or Alterations
- Composition Roof
- Wood Siding
- Partial Copper Plumbing
Interior Spaces
- 2,386 Sq Ft Home
- Crown Molding
- High Ceiling
- Ceiling Fan
- Wood Flooring
- Neighborhood Views
- Ceramic Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Carport
- Parking Available
- Driveway
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 576802
- Assessor Parcel Number 7262031018
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Insurance Expense $1,200
- Water Sewer Expense $2,100
- New Taxes Expense $17,185
- Operating Expense $21,085
- Gross Income $84,540
- Net Operating Income $79,740
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 18, 2018
Closed on
Dec 11, 2018
Sold by
Mordino Elizabeth
Bought by
Patton Michael D
Seller's Agent
Mike Norton
Seven Gables Real Estate
Buyer's Agent
Tyler Rogina
Compass
List Price
$1,375,000
Sold Price
$982,500
Premium/Discount to List
-$392,500
-28.55%
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
$462,223
Avg. Annual Appreciation
6.38%
Original Mortgage
$475,000
Interest Rate
4.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 8, 2006
Sold by
Mordino Elizabeth and Mordino Elizabeth Betsy
Bought by
Mordino Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jun 28, 2003
Sold by
Mordino Elizabeth Betsy and Mordino Mark C
Bought by
Mordino Elizabeth Betsy
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patton Michael D | $982,500 | First American Title Company | |
| Mordino Elizabeth | -- | United Independent | |
| Mordino Elizabeth Betsy | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patton Michael D | $477,000 | |
| Closed | Patton Michael D | $475,000 | |
| Previous Owner | Mordino Elizabeth | $305,000 | |
| Previous Owner | Mordino Elizabeth Betsy | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/16/2019 01/16/19 | Sold | $982,500 | -1.7% | $412 / Sq Ft |
| 12/11/2018 12/11/18 | Pending | -- | -- | -- |
| 11/04/2018 11/04/18 | Price Changed | $999,990 | -18.4% | $419 / Sq Ft |
| 10/30/2018 10/30/18 | Price Changed | $1,224,990 | -10.9% | $513 / Sq Ft |
| 10/18/2018 10/18/18 | For Sale | $1,375,000 | -- | $576 / 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 | $14,129 | $1,095,992 | $669,309 | $426,683 |
| 2024 | $14,129 | $1,074,503 | $656,186 | $418,317 |
| 2023 | $13,889 | $1,053,435 | $643,320 | $410,115 |
| 2022 | $13,038 | $1,032,780 | $630,706 | $402,074 |
| 2021 | $12,777 | $1,012,531 | $618,340 | $394,191 |
| 2020 | $12,745 | $1,002,150 | $612,000 | $390,150 |
| 2019 | $5,153 | $367,403 | $151,586 | $215,817 |
| 2018 | $4,962 | $360,200 | $148,614 | $211,586 |
| 2016 | $4,566 | $346,215 | $142,844 | $203,371 |
| 2015 | $4,392 | $341,016 | $140,699 | $200,317 |
| 2014 | $4,381 | $334,337 | $137,943 | $196,394 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2019
Tyler Rogina
Compass
(562) 999-1885
1 in this area
128 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18245600
APN: 7262-031-018
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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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