NOT LISTED FOR SALE

Estimated Value: $1,127,000 - $1,282,000

5 Beds
3 Baths
2,116 Sq Ft
$576/Sq Ft Est. Value

Sale Details

Date Sold: January 25, 2023

Last sale price $1,078,000 $509 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,764 / mo

78 Days on Market

Highlights

  • Golf Course Community
  • Community Lake
  • No HOA
  • Fishing
  • Fireplace in Primary Bedroom
  • Laundry closet

About This Home

As of January 2023

Welcome to the fantastic city of Lake Balboa! This newly remodeled property features a 4 bedroom 2 bathroom main house + a 400 square foot 1 bedroom 1 bathroom FULLY PERMITTED JADU. IN ADDITION, the lot features the opportunity to build a 1,200-square-foot ADU in the backyard! Recent upgrades include a NEW roof, NEW flooring, remodeled bathrooms, solar panels, and interior/exterior paint. As a current Airbnb, this property has an average of $10,000/month in revenue, with a high of $14,000! All Airbnb and rental permits will be transferred to the new owner with the sale of the property if desired, and the current management company will gladly come to terms with the new owner if desired. Enjoy close proximity to Lake Balboa Park, Van Nuys/Woodley Lakes Golf Course, Encino Farmer's Market, Sepulveda Basin Off-Leash Park, Los Angeles Metro Orange Line-Balboa Station, bike trails, and easy freeway access. Book an appointment to view this extraordinary property today!

Last Agent to Sell the Property

Matthew Hamilton

Huntington Group License #02099844 Listed on: 10/31/2022

Last Buyer's Agent

Luida Carrillo

Park Regency Realty License #01936864

Park Regency Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 8,907 Sq Ft Lot
  • Property is zoned LAR1

Interior Spaces

  • 2,116 Sq Ft Home
  • 1-Story Property
  • Laundry closet

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 14921
  • Assessor Parcel Number 2224029018
  • $311 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Community Lake

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

8,907 Sq Ft Lot

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2224029018
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2116.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Master Bedroom
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 509.45
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Fishing, Golf, Lake, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8907.00
  • Lot Size Acres: 0.2045

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8907.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 1276.03
  • Tax Lot: 5
  • Tax Tract Number: 14921
  • TaxOtherAnnualAssessmentAmount: 311.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2024
Sold by
Bought by
Current Estimated Value
$1,218,089

Purchase Details

Closed on
Jul 12, 2023
Sold by
Bought by

Purchase Details

Listed on
Oct 31, 2022
Closed on
Jan 23, 2023
Sold by
Bought by
Seller's Agent
Matthew Hamilton
Huntington Group
Buyer's Agent
Luida Carrillo
Park Regency Realty
List Price
$1,099,000
Sold Price
$1,078,000
Premium/Discount to List
-$21,000
-1.91%
Views
108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%

Purchase Details

Listed on
Oct 31, 2022
Closed on
Dec 27, 2022
Sold by
Bought by
Seller's Agent
Matthew Hamilton
Huntington Group
Buyer's Agent
Luida Carrillo
Park Regency Realty
List Price
$1,099,000
Sold Price
$1,078,000
Premium/Discount to List
-$21,000
-1.91%
Views
108

Purchase Details

Listed on
Jun 7, 2018
Closed on
Jun 18, 2018
Sold by
Bought by
Seller's Agent
Daniel Murphy
RE/MAX ONE
Buyer's Agent
Daniel Murphy
Re/Max Olson & Associates
List Price
$620,000
Sold Price
$620,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.66%
Original Mortgage
$608,770
Interest Rate
0.045%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2015
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
0.085%

Purchase Details

Closed on
Feb 21, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
0.0685%

Purchase Details

Closed on
Feb 14, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,850
Interest Rate
0.0687%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- Lawyers Title
-- Lawyers Title Company
$1,078,000 Lawyers Title Company
$620,000 Lawyers Title
-- None Available
$359,000 California Title Company
$274,500 Chicago Title
$172,500 Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $108,070
Previous Owner $100,000
Previous Owner $608,770
Previous Owner $98,000
Previous Owner $42,600
Previous Owner $367,000
Previous Owner $359,000
Previous Owner $219,000
Previous Owner $10,000
Previous Owner $10,000
Previous Owner $163,850
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/25/2023 01/25/23 Sold $1,078,000 -1.9% $509 / Sq Ft
01/17/2023 01/17/23 Pending -- -- --
10/31/2022 10/31/22 For Sale $1,099,000 +77.3% $519 / Sq Ft
06/07/2018 06/07/18 Sold $620,000 0.0% $361 / Sq Ft View Prior Sale
06/07/2018 06/07/18 For Sale $620,000 -- $361 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,762 $1,121,551 $728,280 $393,271
2024 $13,563 $1,099,560 $714,000 $385,560
2023 $8,673 $692,118 $531,811 $160,307
2022 $7,920 $651,729 $521,384 $130,345
2021 $7,820 $638,951 $511,161 $127,790
2019 $7,588 $620,000 $496,000 $124,000
2018 $5,674 $456,954 $263,354 $193,600
2016 $5,330 $439,212 $253,129 $186,083
2015 $5,252 $432,615 $249,327 $183,288
2014 $5,275 $424,142 $244,444 $179,698
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22232979

California Regional Multiple Listing Service (CRMLS)

APN: 2224-029-018

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