NOT LISTED FOR SALE

Estimated Value: $770,000 - $866,000

2 Beds
2 Baths
1,325 Sq Ft
$618/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $745,000 $562 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,195/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Ground Level Unit
  • Covered Patio or Porch
  • Wood Flooring
  • No HOA
  • Walk-In Pantry

About This Home

As of July 2022

Tremendous potential in North Long Beach. This 1,325 square foot home is situated on an extremely large 8,438 square foot lot. Lime Avenue is a quiet, well maintained neighborhood street. Excellent opportunity for an investor or a first-time home buyer. Some original features of this 1942 home remain such as original hardwood flooring in many of the rooms. The large backyard has several producing fruit trees. With a large two-car garage and a long driveway, there is ample parking for multiple cars. Reimagine the entire property. Perfect commuting location with easy access to three major freeways (91, 710 & 405). DTLA is only 17 miles from this home. Nearby redevelopment is in the works on Atlantic Blvd The LAB Holding (the company behind The LAB Anti-Mall in Costa Mesa) is scheduled to start construction on The Beat a project that will redevelop the Atlantic Avenue corridor that will include new housing, retail, performance, gallery space and an outreach center for Long Beach City College. The home is listed on title as 3 bedrooms but presents as a two bedroom. Potbelly stove is decorative. Nearby: Houghton Park and Skate Park, Firehouse Community Farm, Michelle Obama Library, Bixby Knolls. OFFER DEADLINE 5PM TUESDAY JUNE 28TH. PLEASE SEE OFFER GUIDELINES ON MLS UNDER "Docs"

Last Agent to Sell the Property

Lissa Lebel

Sotheby's International Realty License #02032063 Listed on: 06/20/2022

Sotheby's International Realty

Last Buyer's Agent

Amber Romo

License #02036543

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,858

Year Built

  • Built in 1942

Lot Details

  • 8,438 Sq Ft Lot
  • Lot Dimensions are 79x120
  • Cul-De-Sac
  • South Facing Home
  • Fenced Yard
  • Back Yard
  • Tear Down
  • Property is zoned LBR1N

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Garage Door Opener
  • Driveway
  • Guest Parking
  • On-Street Parking
  • RV Potential

Home Design

  • Traditional Architecture
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Fixer Upper

Interior Spaces

  • 1,325 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Shed

Location

  • Ground Level Unit

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7124-001-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,858

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: Ground Level
  • Street Number Display: Yes
  • Living Area: 1325
  • Lot Acreage: 0.1937
  • Lot Dimensions: 79x120
  • Planned Urban Dev: 0
  • Property Condition: Fixer, Repair Cosmetic, Repairs Major, Tear Down
  • Stories: 1
  • Year Built: 1942
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Number Of Remote Controls: 2
  • Fireplace Rooms: Decorative
  • Flooring: Hardwood, Tile, Vinyl Sheet
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Range/Oven, Dishwasher
  • Fireplace: Yes
  • Price Per S Q F T: 520.00

Exterior Features

  • Direction Faces: South
  • Other Structures: Shed(s)
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Driveway, Garage Is Detached, Garage - 2 Car, Detached, Door Opener, Parking for Guests, On street, Covered Parking, RV Possible
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 7124-001-007
  • Lot Description: Back Yard, Curbs, Fenced Yard, Sidewalks, Walk Street, Yard
  • Lot Location: Cul-De-Sac
  • Lot Size Area: 8438

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Jun 30, 2022
Sold by
Robert A And Heather Anne Wright Living
Bought by
Reese Jeff P
Seller's Agent
Lissa Lebel
Sotheby's International Realty
Buyer's Agent
Amber Romo
List Price
$689,000
Sold Price
$745,000
Premium/Discount to List
$56,000
8.13%
Current Estimated Value
$798,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,652
Avg. Annual Appreciation
2.33%
Original Mortgage
$620,500
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2012
Sold by
Wright Robert Allen and Wright Heather Anne
Bought by
Wright Robert Allen and Wright Heather Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2008
Sold by
Wright Robert and Wright Heather
Bought by
Robert Allen and Robert Heather Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2004
Sold by
Wright Robert Allen and Wright Heather A
Bought by
Robert A & Heather Anne Wright Living Tr

Purchase Details

Closed on
Sep 26, 2002
Sold by
Wright Robert Allen
Bought by
Wright Robert Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.16%

Purchase Details

Closed on
Jul 12, 1995
Sold by
Quinn Earl and Quinn Marilyn
Bought by
Wright Robert Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
7.63%
Source: Public Records

Range of Values:

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Average Value
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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
Reese Jeff P $745,000 Fidelity National Title
Wright Robert Allen -- American Coast Title
Robert Allen -- Fidelity National Title
Wright Robert -- Fidelity National Title
Robert A & Heather Anne Wright Living Tr -- --
Wright Robert Allen -- Landsafe Title
Wright Robert Allen $135,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reese Jeff P $620,500
Previous Owner Wright Robert Allen $194,000
Previous Owner Wright Robert $200,000
Previous Owner Wright Robert Allen $160,000
Previous Owner Wright Robert Allen $121,500
Closed Wright Robert Allen $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $745,000 +8.1% $562 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $689,000 -- $520 / 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
2025 $9,858 $775,097 $620,078 $155,019
2024 $9,858 $759,900 $607,920 $151,980
2023 $9,695 $745,000 $596,000 $149,000
2022 $2,844 $211,309 $128,355 $82,954
2021 $2,779 $207,167 $125,839 $81,328
2019 $2,738 $201,024 $122,107 $78,917
2018 $2,601 $197,083 $119,713 $77,370
2016 $2,389 $189,431 $115,065 $74,366
2015 $2,297 $186,586 $113,337 $73,249
2014 $2,289 $182,932 $111,117 $71,815
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-169799

The MLS

APN: 7124-001-007