$567,500
SOLD MAY 23, 2016
1 Bed
1 Bath
1,785 Sq Ft
$395/mo HOA Fee

Recently Sold

$318 Per Sq Ft

3% Below List Price

96 Days on Market

Highlights

  • Spa
  • City Lights View
  • Main Floor Primary Bedroom
  • Long Beach Polytechnic High School Rated A
  • Open Floorplan
  • Modern Architecture

About This Home

As of May 2019

Welcome to the historic Temple Lofts nestled on a quiet tree lined street adjacent to downtown Long Beach and a stone's throw from the Blue Line. This is one of the finest restoration properties you will find anywhere. The original Masonic Temple, constructed in 1927, was lovingly restored with great attention to detail and the entrance lobby is guaranteed to take your breath away. In 2005 the north and south wings were constructed to make this property one of the most sought after in Southern California. Number 519 sits on a corner of the top floor of the north tower with 180 degree expansive view toward LA. There is almost 1800 square feet of space to customize to your unique lifestyle with dramatic 12 foot ceilings and concrete flooring throughout. The bathroom is quite large with a separate tub and shower and separate sinks. The kitchen space sits along one wall in the center of the great room and boasts high end appliances including a Viking gas range. A convenient full size laundry closet is nearby. Building amenities include a community room, fitness center, community Jacuzzi, and an entertainment garden and bar-b-q. This unit has a deeded storage closet and 2 separate parking spaces. This loft will certainly provide the "Wow" factor!

Last Agent to Sell the Property

Karin McGinley

Home Smart Realty Group Brokerage Phone: 714-504-9192 License #01752689 Listed on: 01/06/2016

Home Smart Realty Group

Co-Listed By

Neil Schneider

Home Smart Realty Group Brokerage Phone: 714-504-9192 License #01911418

Last Buyer's Agent

David Reams

D.Reams and Company License #00636976

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,331

Year Built

  • Built in 2005

HOA Fees

  • $395 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Modern Architecture
  • Planned Development

Interior Spaces

  • 1,785 Sq Ft Home
  • Open Floorplan
  • Double Pane Windows
  • Living Room
  • L-Shaped Dining Room
  • Loft
  • City Lights Views
  • Laundry Room

Kitchen

  • Galley Kitchen
  • <<builtInRangeToken>>
  • Range Hood
  • <<microwave>>
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed
  • Customized Wheelchair Accessible
  • No Interior Steps

Outdoor Features

  • Spa
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Sewer Paid

Additional Features

  • 1 Common Wall
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 53748
  • Assessor Parcel Number 7273016090

Community Details

Overview

  • 84 Units
  • Downtown Subdivision

Recreation

  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,331

Year Built

Built in 2005

Lot Details

0

HOA Fees

$395 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Architectural Style: Modern
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7273016090
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1785.00
  • Interior Amenities: Balcony, Granite Counters, Open Floorplan
  • Entry Location: Elevator
  • Common Walls: 1 Common Wall
  • Accessibility Features: Accessible Elevator Installed, No Interior Steps, Customized Wheelchair Accessible
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Dining Ell
  • Entry Level: 5
  • Levels: One
  • Price Per Square Foot: 317.93
  • Room Type: Galley Kitchen, Loft, Living Room, Main Floor Primary Bedroom
  • Spa Features: Association
  • Window Features: Double Pane Windows

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Private
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Cooktop, Range Hood, Microwave, Vented Exhaust Fan
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 395.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Planned Unit Development

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 84

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 53748

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2019
Closed on
Mar 19, 2019
Sold by
Schwarzmann Todd
Bought by
Petrocelli Jason and Pizani Dixie
Seller's Agent
Beatrix Whipple
Keller Williams Pacific Estate
Buyer's Agent
Norma Johnson
Redfin Corporation
List Price
$660,000
Sold Price
$650,000
Premium/Discount to List
-$10,000
-1.52%
Current Estimated Value
$844,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,868
Avg. Annual Appreciation
4.55%
Original Mortgage
$430,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2016
Closed on
Apr 11, 2016
Sold by
Armstrong John P
Bought by
Schwarzmann Todd
Seller's Agent
Karin McGinley
Home Smart Realty Group
Buyer's Agent
David Reams
D.Reams and Company
List Price
$585,000
Sold Price
$567,500
Premium/Discount to List
-$17,500
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.71%
Original Mortgage
$93,639
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2007
Sold by
Trimark Pacific Temple Lofts Llc
Bought by
Armstrong John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,800
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $650,000 Ticor Title
Grant Deed $567,500 None Available
Grant Deed $586,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $424,500 New Conventional
Closed $430,000 New Conventional
Previous Owner $93,639 Commercial
Previous Owner $417,000 New Conventional
Previous Owner $468,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2019 05/03/19 Sold $650,000 -1.5% $364 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
02/26/2019 02/26/19 For Sale $660,000 +16.3% $370 / Sq Ft
05/23/2016 05/23/16 Sold $567,500 -2.6% $318 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
03/02/2016 03/02/16 Price Changed $582,495 -0.4% $326 / Sq Ft
01/06/2016 01/06/16 For Sale $585,000 -- $328 / 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
2024 $9,331 $710,866 $454,845 $256,021
2023 $9,171 $696,928 $445,927 $251,001
2022 $8,606 $683,264 $437,184 $246,080
2021 $8,430 $669,867 $428,612 $241,255
2019 $577 $602,234 $230,812 $371,422
2018 $7,472 $590,427 $226,287 $364,140
2016 $6,288 $510,000 $357,000 $153,000
2015 $6,123 $510,000 $357,000 $153,000
2014 $5,154 $419,000 $293,000 $126,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16002869

California Regional Multiple Listing Service (CRMLS)

APN: 7273-016-090