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505 Roycroft Avenue

505 Roycroft Avenue, Long Beach, CA 90814
Property in Belmont Heights
Sold Aug 21, 2015
$930,000
$651,000 by Bank Of The West
Mortgage Due Sep 01, 2045
Sold May 30, 2008
$920,000
$812,000 by Citimortgage Inc
Mortgage Due Jun 01, 2038
Local assessors in Long Beach, CA have categorized 505 Roycroft Avenue as a residential type of property. The home was built in 1972 and is 52 years old. The property's lot size has been calculated to be 3,772 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 505 Roycroft Avenue has a total of 2,353 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Residents rely on a refrigeration air conditioning system for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 505 Roycroft Avenue sold most recently in Jul 21, 2015 for a total of $930,000. If you work out the math, that's approximately a cost of $395.24 per sqft. Before that, the property was also sold for $920,000 in May 7, 2008. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $12,811 in taxes each year. 505 Roycroft Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,058,176. If we break it down further, the land itself was valued at $739,587. Improvements to the property, however, were assessed at a total of $318,589. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,772
  • Total Building Area: 2,353
  • Gross Building Area: 2,353
  • Building Area: 2,353
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,353
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELMONT TRACT
  • Land Acres: 0.087
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: BELMONT LOT/SEC 12 BLK/DIV/TWN D

Ownership

  • Current Owner : MIZRAHI GEOFFREY
  • Current Owner 2: MIZRAHI OLGA
  • Previous Owner : WHEAT DENNIS PATRICK
  • Owner Before Previous Owner: BRIGHT JOHN
  • Owner Before Previous Owner 2: BRIGHT SMITH CAMILLE

Neighborhood

  • School District Name: Long Beach Unified School District
  • Census Tract: 577606

Zoning

  • Zoning: LBR1N

Geography

  • Assessors Map Reference: 76-B5
  • Parcel: 7250-019-007
  • Block: D
  • Lot: 12
  • Municipality: SOUTH /BELMONT HEIGHTS
  • Latitude: 33.7729
  • Longitude: -118.139

    Address

  • Full Address: 505 Roycroft Ave
  • Address - House Number: 505
  • Address - Street Name: Roycroft
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Long Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 1820
  • Zip Code: 90814

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,811
  • Tax Rate Code Area: 05-500

    Appraisal Valuation

  • Standard Deviation: 0.2206
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,574,445
  • High Value: 1,921,844
  • Low Value: 1,227,046

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $651,000
  • First Open Lien Mortgage Lender: BANK OF THE WEST
  • First Open Lien Mortgage Recording Date: Aug 21, 2015
  • First Open Lien Mortgage Loan Amount: $651,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2045

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,058,176
  • Assessed Land Value: $739,587
  • Assessed Improvements Value: $318,589

    Sales

  • Current Sale Contract Date: Jul 21, 2015
  • Current Sale Recording Date: Aug 21, 2015
  • Current Sale Transaction ID: 1279195158
  • Current Sale Price: $930,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 15-1034473
  • Previous Sale Recording Date: May 30, 2008
  • Previous Sale Contract Date: May 07, 2008
  • Previous Sale Amount: $920,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF THE WEST
  • First Mortgage Transaction Date: Aug 21, 2015
  • First Mortgage Loan Amount: $651,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: CITIMORTGAGE INC
  • Previous Mortgage Transaction Date: May 30, 2008
  • Previous Mortgage Loan Amount: $812,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2038

About Belmont Heights



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Frequently Asked Questions

What neighborhood is 505 Roycroft Avenue located in?
The 505 Roycroft Avenue is a located in the neighborhood of Belmont Heights in Belmont Heights, Long Beach.
What is the average sales price for listings in 505 Roycroft Avenue?
The average sales price for units in 505 Roycroft Avenue is $0 currently.

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