555 Maine Avenue 320, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath

555 Maine Avenue 320, Long Beach, California 90802 home-pic-0
ACTIVE$540,000
555 Maine Avenue 320, Long Beach, California 90802
2Beds
2Baths
906Sqft
54,318Lot

Price Vs. Estimate

The estimated value ($456,229.735) is $83,770.265 (15%) lower than the list price ($540,000). This property may be overpriced.

Key pros and cons

Top Pros:
Comprehensive Complex Amenities: The complex offers a wide array of desirable amenities including a large swimming pool, Jacuzzi, BBQ area, roof patio access, and a beautiful entry courtyard, enhancing lifestyle and value.
Top Cons:
Significant Price Reductions & Motivated Seller: Multiple price reductions and the explicit mention of a 'motivated seller' suggest potential challenges in market valuation or buyer interest, possibly indicating the property was initially overpriced or has been on the market for an extended period.

Compared to the nearby listings

Price:$540.0K vs avg $485.0K (+$55,000)58%
Size:906 sqft vs avg 898 sqft51%
Price/sqft:$596 vs avg $58952%

More Insights

Built in 1991 (34 years old).
Condition: This property, built in 1991, is in good, move-in ready condition. It features desirable updates such as hardwood flooring throughout the main living areas and bedrooms, recessed lighting, and granite countertops in the kitchen. While the kitchen appliances are white and the cabinet style is traditional, they are functional and well-maintained. The bathrooms are not explicitly detailed but the overall unit appears clean and well-kept. The property shows minimal wear and tear and does not require immediate renovations, aligning with the 'Good' criteria for a well-maintained home with some updated components.
Year Built
1991
Close
-
List price
$540K
Original List price
$555K
Price/Sqft
$596
HOA
$429.38
Days on market
-
Sold On
-
MLS number
IV25144585
Home ConditionGood
Features
Good View: Panoramic
Deck
Pool
Spa
ViewPanoramic

About this home

**HUGE PRICE REDUCTION**MOTIVATED SELLER! Seller ready to go!! Welcome to one of the best in complexes in Long Beach living. This unit offers you 2 full bedrooms and 2 full baths. There is a master bedroom suite with private bath. Unit does feature an open floor plan with breakfast bar countertop opening into kitchen. Eating area is shared with large living room space. Cozy warm fireplace to enjoy for those cool California evenings. Off of the living room AND master bedroom you can step outside to your nice sized private balcony, where you can sip your morning coffee or unwind with a glass of wine while enjoying the beautiful California sunsets and ocean breezes. Kitchen features granite countertops, gas stove, dishwasher and microwave. Inside the kitchen is also your own private laundry closet with stackable washer and dryer hookups, no more community laundry days. Complex itself is one of the best for the price in the area. Each unit comes with their own 2 car tandem underground parking spot. This private remote controlled access underground parking area also features guest parking spots, with allowance for EV car charging station and trash area all this in a climate controlled area. Complex also has handicapped access with beautiful entry courtyard area, fenced in large swimming pool, Jacuzzi spa, BBQ, separate mail room with only fob access, Roof patio access and all this with quick freeway access and just a bike ride to the beach. This is MUST SEE!! YOU WON'T BE DISAPPOINTED!

Price History

Date
Event
Price
10/09/24
Sold
$512,500
03/23/22
Sold
$500,000
04/12/19
Sold
$400,000
04/11/05
Sold
$325,000
Condition Rating
Good

This property, built in 1991, is in good, move-in ready condition. It features desirable updates such as hardwood flooring throughout the main living areas and bedrooms, recessed lighting, and granite countertops in the kitchen. While the kitchen appliances are white and the cabinet style is traditional, they are functional and well-maintained. The bathrooms are not explicitly detailed but the overall unit appears clean and well-kept. The property shows minimal wear and tear and does not require immediate renovations, aligning with the 'Good' criteria for a well-maintained home with some updated components.
Pros & Cons

Pros

Comprehensive Complex Amenities: The complex offers a wide array of desirable amenities including a large swimming pool, Jacuzzi, BBQ area, roof patio access, and a beautiful entry courtyard, enhancing lifestyle and value.
Secure & Convenient Parking: Features a private, remote-controlled 2-car tandem underground parking spot with guest parking and EV charging capability, a significant advantage in urban living.
Private Outdoor Space with Views: A nice-sized private balcony accessible from both the living room and master bedroom provides a personal retreat to enjoy California sunsets, ocean breezes, and potential panoramic views.
In-Unit Laundry: The convenience of a private laundry closet with stackable washer and dryer hookups eliminates the need for shared facilities, a highly sought-after feature.
Prime Location & Accessibility: Offers quick freeway access and is just a bike ride to the beach, providing excellent connectivity and recreational opportunities.

Cons

Significant Price Reductions & Motivated Seller: Multiple price reductions and the explicit mention of a 'motivated seller' suggest potential challenges in market valuation or buyer interest, possibly indicating the property was initially overpriced or has been on the market for an extended period.
High Monthly Association Fee: A monthly association fee of $429.38 represents a substantial recurring cost that buyers must factor into their budget, impacting affordability.
Potential for Further Updates: While the kitchen features granite, the 1991 build year and lack of explicit mention of other recent renovations could imply that other areas of the unit may require modernization to meet current buyer expectations.

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