NOT LISTED FOR SALE

Estimated Value: $413,940 - $524,000

-- Bed
1 Bath
580 Sq Ft
$447/mo HOA Fee

Last Sold April 22, 2016

Last sale price $300,000 $517 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,984/month

22 Days on Market

Highlights

  • Ocean View
  • Lake Front
  • All Bedrooms Downstairs
  • Long Beach Polytechnic High School Rated A
  • Property has ocean access
  • Ocean Side of Highway 1

About This Home

As of April 2016

Magnificently restored Historic Villa Riviera Studio with City Views This unit offers hardwood floors, plaster walls, coved ceilings, French Mullioned Bay Windows Galley Kitchen w/ lovely subway tile & full range of modern newer appliances including Bosch dishwasher. Dining area off the kitchen is large Also offers lovely Bathroom is historically correct w/ pedestal sink and large cast iron tub Large dressing area is being used as home office and walk in closet has ample storage. Common area amenities & upgrades include Grand Entry, Ballroom w/ full kitchen for private events, Sundeck overlooking the Pacific Ocean & community BBQ's, a very pleasant & private garden area including a fountain and Guest Suite on the top floor available for a small fee for those special visitors.The building has been earthquake retrofitted, copper plumbing replaced, fire sprinklers & many other incredible updates to keep the building in top shape. This unit offers the Mills Act designation which is a great property tax advantage along with ALL utilities included in your HOA fees including cable TV & Internet This unit has everything you could want for desirable and hip urban living with a walk score of 96 that allows you to enjoy the community and all that it has to offer.

Last Agent to Sell the Property

Susan Boyle

Reel Properties License #01056722 Listed on: 02/24/2016

Last Buyer's Agent

Anthony R Newman MBA

N E I Realty License #01317584

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,237

Year Built

  • Built in 1928

Lot Details

  • Lake Front
  • Two or More Common Walls

HOA Fees

  • $447 Monthly HOA Fees

Property Views

  • Ocean
  • City Lights
  • Neighborhood

Home Design

  • 580 Sq Ft Home

Bedrooms and Bathrooms

  • All Bedrooms Down
  • 1 Full Bathroom

Parking

  • Parking Available
  • Covered Parking
  • Uncovered Parking
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Exterior Lighting

Additional Features

  • Galley Kitchen
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 1-4
  • Tax Tract Number 10280
  • Assessor Parcel Number 7265004030

Community Details

Overview

  • Master Insurance
  • 134 Units
  • The Villa Riviera Association, Phone Number (562) 437-6703
  • Maintained Community

Amenities

  • Community Barbecue Grill

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,237

Year Built

Built in 1928

Lot Details

0

HOA Fees

$447 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Villa Riviera (VLR)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265004030
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 580.00
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Levels: One
  • Price Per Square Foot: 517.24
  • Room Type: All Bedrooms Down, Galley Kitchen

Exterior Features

  • View: City Lights, Neighborhood, Ocean
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Covered, Uncovered

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Controlled Access, Electricity, Gas, Hot Water, Insurance, Management, Maintenance Grounds, Pet Rules, Pets Permitted, Security, Sewer, Trash, Utilities, Water
  • Association Fee: 447.00
  • Association Fee Frequency: Monthly
  • Association Name: The Villa Riviera
  • Phone: 562-437-6703
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 134
  • Number Of Units Total: 134
  • Waterfront Features: Ocean Access, Lake Front, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 1-4
  • Tax Tract Number: 10280

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2016
Closed on
Mar 9, 2016
Sold by
Gibson Rheagan Y
Bought by
Anderson Cecelia R
Seller's Agent
Susan Boyle
Reel Properties
Buyer's Agent
Anthony R Newman MBA
N E I Realty
List Price
$304,900
Sold Price
$300,000
Premium/Discount to List
-$4,900
-1.61%
Current Estimated Value
$449,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,235
Avg. Annual Appreciation
4.33%
Original Mortgage
$294,566
Outstanding Balance
$238,571
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$210,664

Purchase Details

Closed on
Oct 15, 2007
Sold by
Gibson Rheagan Y
Bought by
Gibson Rheagan Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2000
Sold by
Wolfe David F
Bought by
Gibson Rheagon Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,880
Interest Rate
7.81%
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
Anderson Cecelia R $300,000 Title 365
Gibson Rheagan Y -- Financial Title Company
Gibson Rheagon Y $104,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Cecelia R $294,566
Previous Owner Gibson Rheagan Y $240,000
Previous Owner Gibson Rheagon Y $100,880
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2016 04/22/16 Sold $300,000 -1.6% $517 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
02/24/2016 02/24/16 For Sale $304,900 -- $526 / 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 $2,237 $163,000 $75,000 $88,000
2024 $2,237 $163,000 $75,000 $88,000
2023 $2,261 $165,000 $100,000 $65,000
2022 $1,699 $126,000 $80,000 $46,000
2021 $1,690 $126,000 $80,000 $46,000
2019 $1,391 $99,500 $60,000 $39,500
2018 $1,376 $99,100 $50,000 $49,100
2016 $1,140 $91,200 $40,000 $51,200
2015 $1,014 $82,600 $40,000 $42,600
2014 $1,057 $78,000 $40,000 $38,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16038417

California Regional Multiple Listing Service (CRMLS)

APN: 7265-004-030