NOT LISTED FOR SALE

Estimated Value: $277,661 - $301,000

1 Bed
1 Bath
549 Sq Ft
$109/mo HOA Fee

Last Sold June 21, 2016

Last sale price $165,000 $301 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $1,867/month

15 Days on Market

Highlights

  • Gated Community
  • 5-minute walk to Pacific Station
  • Living Room
  • Granite Countertops
  • L-Shaped Dining Room
  • Tile Flooring

About This Home

As of June 2016

Welcome to "Palm Gardens-I" located at the heart of exciting Downtown Long Beach, walking distance to The Pike, Ocean Boulevard, Long Beach City Hall and a few blocks away from Long Beach Convention Center, Shoreline Village, Queen Mary and the Aquarium of the Pacific! Location is ideal for beach lovers and close to dining, shopping, nightlife, transit system, bus stations, and freeway access. This lovely upgraded unit is a good starter home for young couples, newly-weds, millennials working at downtown's corporate high-rise offices... Why rent when you can buy? Spacious unit with 1 bedroom, 1 bath, granite kitchen countertop, new wooden cabinets, stainless sink, new bathroom vanity, lots of closets & storage space & most of all-your own deeded parking (a rare privilege in bustling downtown). Low monthly HOA $109 only with new plumbing, newer roofing and outside building paint. Now is your chance to own a piece of real estate in booming and thriving downtown Long Beach! Also great opportunity for Investment Property! HURRY!!! Priced to sell fast and this won't last long in the market!

Last Agent to Sell the Property

Patria Cabalerro

T.N.G. Real Estate Consultants License #01942801 Listed on: 04/20/2016

T.N.G. Real Estate Consultants

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,504

Year Built

  • Built in 1955

Lot Details

  • Two or More Common Walls
  • Wrought Iron Fence
  • Landscaped

HOA Fees

  • $109 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Turnkey
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 549 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Living Room
  • L-Shaped Dining Room
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 7272022027

Community Details

Overview

  • 15 Units

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,504

Year Built

Built in 1955

Lot Details

0

HOA Fees

$109 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Other Phone Description: Agent text
  • Other Phone Number: 5622907211
  • Property Attached: Yes
  • Security: Gated Community
  • View: No
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7272022027
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 549.00
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Dining Ell
  • Levels: One
  • Price Per Square Foot: 300.55
  • Room Type: All Bedrooms Down, Living Room
  • Window Features: Blinds

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Covered, Garage Faces Rear
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 109.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2017
Current Estimated Value
$292,165

Purchase Details

Listed on
Apr 20, 2016
Closed on
Jun 15, 2016
Sold by
Bernales Aquiles
Seller's Agent
Patria Cabalerro
T.N.G. Real Estate Consultants
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$159,800
Sold Price
$165,000
Premium/Discount to List
$5,200
3.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%
Original Mortgage
$156,750
Outstanding Balance
$124,918
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$167,247

Purchase Details

Closed on
Sep 3, 2009
Sold by
Ramin Mitchell
Bought by
Ramin Mitchell

Purchase Details

Closed on
Jul 8, 1997
Sold by
Rud Delores
Bought by
Bernales Aquiles and Bernales Carmen
Source: Public Records

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
Coulter Kay Kennetta -- None Available
Okoth Coulter Kay Kennetta Lorine $165,000 Fidelity Sherman Oaks
Ramin Mitchell -- Chicago Title Company
Bernales Aquiles $18,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okoth Coulter Kay Kennetta Lorine $156,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2016 06/21/16 Sold $165,000 +3.3% $301 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $159,800 -- $291 / 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 $2,504 $195,320 $106,539 $88,781
2024 $2,504 $191,491 $104,450 $87,041
2023 $2,458 $187,737 $102,402 $85,335
2022 $2,307 $184,057 $100,395 $83,662
2021 $2,256 $180,449 $98,427 $82,022
2019 $2,222 $175,098 $95,508 $79,590
2018 $2,167 $171,666 $93,636 $78,030
2016 $525 $31,002 $6,733 $24,269
2015 $508 $30,537 $6,632 $23,905
2014 $512 $29,940 $6,503 $23,437
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16083184

California Regional Multiple Listing Service (CRMLS)

APN: 7272-022-027