445 East 55th Street

445 East 55th Street has been categorized by the local assessors in Long Beach, CA as a residential type of property. The building on the property was first built in 1968 and is 56 years old. However, we must point out that the home was most recently renovated and altered in 1969. The home has a total of 11 bedrooms. Residents will have access to 10 full bathrooms. There are 10 partial bathrooms in the home. The building has a total of 2 stories. In addition, 445 East 55th Street has 5,170 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,430 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,138 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 1,365 sqft. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable style roof made of wood shake/ shingles. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 445 East 55th Street was last sold in Jul 19, 2021 for $1,728,000. According to our calculations, that's $334.24 per sqft. Prior to that sales transaction, the property was sold for $1,365,000 in Mar 1, 2019. Current property owners are expected to pay $21,693 in taxes per year. The property on 445 East 55th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,762,560. To break that down further, the land itself was valued at $436,560. While improvements to the property were assessed at a total of $1,326,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.