NOT LISTED FOR SALE

1615 Echo Park Ave Unit 7 Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $889,000 - $949,000

2 Beds
3 Baths
1,320 Sq Ft
$688/Sq Ft Est. Value

Last Sold October 18, 2018

Last sale price $749,000 $567 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,935/month

About This Home

As of October 2018

Available for lease: A modern townhouse in the heart of Echo Park. Built in 2012, this generously proportioned tri-level home features hard surface flooring, recessed lighting and stylish modern finishes. The great room flows to a sun-soaked balcony overlooking tree crowns and picturesque hillside vistas. In the open kitchen find stainless steel appliances and a convenient breakfast bar; an adjacent space is perfect for your home office. Two bedrooms include the airy Master with a high vaulted ceiling, attached bathroom and lovely hillside views. Amenities include air conditioning, a washer+dryer, and an attached two-car garage. This prime location places you in the midst of all the action in Echo Park with local favorites Cookbook, Blue Bottle Coffee, Pollen, and the weekly Farmer's Market right down the street. Nearby recreation options include the hiking trails of Elysian Park and boating or picnicking at Echo Park Lake. Downtown LA and the 101 freeway are within easy reach.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2018
Closed on
Oct 2, 2018
Sold by
Morel Paul James and Morel Lauren Adra
Bought by
Kim Woju
Seller's Agent
Michael Maloney
eXp Realty of California Inc
Buyer's Agent
Ronda Doyal
Coldwell Banker Realty
List Price
$749,000
Sold Price
$749,000
Current Estimated Value
$907,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,792
Avg. Annual Appreciation
2.94%
Original Mortgage
$564,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2012
Sold by
D R Horton Ven Inc
Bought by
Morel Paul James and Morel Lauren Adra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.58%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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

Date Buyer Sale Price Title Company
Kim Woju $752,000 Stewart Title
Morel Paul James $499,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Woju $684,000
Closed Kim Woju $575,500
Closed Kim Woju $564,000
Open Kim Woju $1,127,000
Previous Owner Morel Paul James $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2018 12/03/18 Rented $3,750 -5.1% --
11/12/2018 11/12/18 Price Changed $3,950 -1.3% $3 / Sq Ft
11/08/2018 11/08/18 Price Changed $4,000 -4.8% $3 / Sq Ft
11/05/2018 11/05/18 Price Changed $4,200 -1.2% $3 / Sq Ft
11/02/2018 11/02/18 Price Changed $4,250 -5.6% $3 / Sq Ft
10/25/2018 10/25/18 For Rent $4,500 0.0% --
10/18/2018 10/18/18 Sold $749,000 0.0% $567 / Sq Ft
08/07/2018 08/07/18 For Sale $749,000 -- $567 / Sq Ft

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 $10,067 $822,418 $531,182 $291,236
2023 $9,870 $806,293 $520,767 $285,526
2022 $9,405 $790,484 $510,556 $279,928
2021 $9,288 $774,986 $500,546 $274,440
2019 $9,007 $752,000 $485,700 $266,300
2018 $6,609 $540,043 $280,303 $259,740
2016 $6,311 $519,074 $269,419 $249,655
2015 $6,205 $511,278 $265,373 $245,905
2014 $6,228 $501,264 $260,175 $241,089
Source: Public Records

Agents Affiliated with this Home

  • Michael Maloney

    Seller's Agent in 2018

    Michael Maloney

    eXp Realty of California Inc

    (323) 842-9687

    25 Total Sales

    Michael Maloney
    Section Image
  • Tracy Do

    Seller's Agent in 2018

    Tracy Do

    Coldwell Banker Realty

    (323) 842-4001

    45 in this area

    858 Total Sales

    Tracy Do
    Section Image

  • R

    Seller Co-Listing Agent in 2018

    Ronda Doyal

    Coldwell Banker Realty

    (323) 273-0082

    6 in this area

    97 Total Sales

    Ronda Doyal
    Section Image
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Map

California Los Angeles County Los Angeles 90026 Echo Park

1615 Echo Park Ave Unit 7, Los Angeles, CA

This home is located at 1615 Echo Park Ave Unit 7, Los Angeles, CA 90026 and is currently estimated at $907,792, approximately $687 per square foot. 1615 Echo Park Ave Unit 7 is a home located in Los Angeles County with nearby schools including Logan Academy of Global Ecology, Ramón C. Cortines School of Visual and Performing Arts, and Belmont High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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