NOT LISTED FOR SALE

Estimated Value: $1,669,000 - $2,267,000

4 Beds
4 Baths
2,497 Sq Ft
$782/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $1,350,000 $541 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $11,969/month

7 Days on Market

Highlights

  • Detached Guest House
  • Above Ground Spa
  • Sauna
  • Lowell Elementary School Rated A-
  • Second Garage
  • RV Access or Parking

About This Home

As of May 2019

Imagine the personality and style of 1930s art deco colliding with 21st century fashion and technology in a neighborhood where the locals know your name, get together and organize community yard sales and block parties...welcome to 724 Terraine Ave. Just in time for summer, this extensively remodeled luxury property which is tucked away in a secret pocket of Alamitos Heights, centrally located to CSULB, Recreation Park, Marine Stadium, the new Commercial area at PCH/2nd, Award Winning Schools such as Lowell Elementary and Wilson High-School is now being offered to you. The main house and rear income property are a combined 4bed/4bath and approximate 2500SF of living space which include upgrades of over $250K. Choose from any of your four total balconies to sip your morning coffee and watch the sun rise. After work, enjoy a well deserved glass of wine by your fire pit, or in your hot tub, or perhaps you want to hide out in your detached bonus room that has been designed by you, just for you. Be proud to know that since 2014, the original hardwood floors were restored, an open floor plan was created, the kitchen remodeled with a marble island, leathered granite countertops, custom flooring and new appliances. The master has been revamped with a custom ceiling, fireplace, en-suite master bath and huge walk-in closet. All bath and guest rooms have been modified with exquisite taste. So many upgrades, we could go on and on!!

Last Agent to Sell the Property

Margaret Knight

Think Boutiq Real Estate License #01453522 Listed on: 04/24/2019

Co-Listed By

Jeannie Jones

Coldwell Banker Realty License #01258856

Last Buyer's Agent

Allison Van Wig

Keller Williams Coastal Prop. License #00985700

Keller Williams Coastal Prop.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,822

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • 6,497 Sq Ft Lot
  • East Facing Home
  • Landscaped
  • Garden
  • Back and Front Yard
  • Property is zoned LBR1N

Parking

  • 3 Car Garage
  • 2 Carport Spaces
  • Second Garage
  • Parking Available
  • RV Access or Parking
  • Golf Cart Garage

Home Design

  • Turnkey

Interior Spaces

  • 2,497 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Formal Dining Room
  • Den with Fireplace
  • Library with Fireplace
  • Sauna

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Above Ground Spa
  • Living Room Balcony
  • Covered Patio or Porch
  • Fire Pit
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Septic Type Unknown

Additional Features

  • Detached Guest House
  • Property is near a park

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 11065
  • Assessor Parcel Number 7241024018

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,822

Year Built

Built in 1938 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Alamitos Heights (AH)
  • View: No
  • Zoning: LBR1N
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7241024018
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2497.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Granite Counters, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 4
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Separated
  • Fireplace Features: Den, Library, Living Room, Master Retreat, Fire Pit
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 540.65
  • Room Type: All Bedrooms Up, Master Suite, Walk-In Closet
  • Spa Features: Private, Above Ground
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Other Structures: Guest House Detached, Sauna Private, Second Garage Detached
  • Patio And Porch Features: Covered, Deck, Patio Open, Wood
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Golf Cart Garage, RV Access/Parking
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: In Closet, Stackable
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Park Nearby
  • Lot Size Sq Ft: 6497.00
  • Lot Size Acres: 0.1492

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6497.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5770.00
  • Tax Lot: 9
  • Tax Tract Number: 11065

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2019
Closed on
May 21, 2019
Sold by
Gatzke John Robert and Gatzke Carolyn Jo
Bought by
Barnett Group
Seller's Agent
Margaret Knight
Think Boutiq Real Estate
Buyer's Agent
Allison Van Wig
Keller Williams Coastal Prop.
List Price
$1,395,000
Sold Price
$1,350,000
Premium/Discount to List
-$45,000
-3.23%
Current Estimated Value
$1,951,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$601,976
Avg. Annual Appreciation
4.99%

Purchase Details

Listed on
Jan 16, 2013
Closed on
Feb 14, 2013
Sold by
Holm Suzanne Lynn and Holm Michael
Bought by
Gatzke John Robert and Gatzke Carolyn Jo
Seller's Agent
Loree Scarborough
Compass
Buyer's Agent
David Dumalski
White Realty Associates
List Price
$929,000
Sold Price
$890,000
Premium/Discount to List
-$39,000
-4.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$724,460
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2010
Sold by
Holm Michael and Holm Suzanne Lynn
Bought by
Holm Suzanne Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,700
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2008
Sold by
Holm Michael C and Holm Suzanne
Bought by
Holm Michael

Purchase Details

Closed on
May 27, 1999
Sold by
Rea Charles A and Rea Verna M
Bought by
Holm Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7.51%

Purchase Details

Closed on
Dec 21, 1995
Sold by
Rea Charles A and Rea Verna M
Bought by
Rea Charles A and Rea Verna M
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
Barnett Group $1,350,000 Chicago Title Company
Gatzke John Robert $890,000 Fidelity National Title
Holm Suzanne Lynn -- Lawyers Title La
Holm Michael -- None Available
Holm Michael C $545,000 Equity Title
Rea Charles A -- --
Rea Charles A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gatzke John Robert $703,500
Previous Owner Gatzke John Robert $727,500
Previous Owner Gatzke John Robert $724,460
Previous Owner Holm Michael $343,700
Previous Owner Holm Michael C $100,000
Previous Owner Holm Michael C $351,500
Previous Owner Holm Michael C $355,000
Previous Owner Holm Michael C $336,000
Closed Holm Michael C $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $1,350,000 -3.2% $541 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $1,395,000 +56.7% $559 / Sq Ft
04/02/2013 04/02/13 Sold $890,000 -4.2% $356 / Sq Ft
02/25/2013 02/25/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $929,000 -- $372 / 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 $18,822 $1,505,945 $1,010,880 $495,065
2024 $18,822 $1,476,417 $991,059 $485,358
2023 $18,513 $1,447,469 $971,627 $475,842
2022 $17,366 $1,419,088 $952,576 $466,512
2021 $17,038 $1,391,264 $933,899 $457,365
2019 $4,437 $982,471 $696,451 $286,020
2018 $11,880 $963,208 $682,796 $280,412
2016 $10,922 $925,807 $656,283 $269,524
2015 $10,476 $911,902 $646,426 $265,476
2014 $10,392 $894,040 $633,764 $260,276
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19092445

California Regional Multiple Listing Service (CRMLS)

APN: 7241-024-018