NOT LISTED FOR SALE

163 N Formosa Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,927,351 - $2,424,000

3 Beds
3 Baths
2,201 Sq Ft
$1,001/Sq Ft Est. Value

About This Home

This home is located at 163 N Formosa Ave, Los Angeles, CA 90036 and is currently estimated at $2,203,588, approximately $1,001 per square foot. 163 N Formosa Ave is a home located in Los Angeles County with nearby schools including Third Street Elementary School, John Burroughs Middle School, and Fairfax High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2021
Sold by
Gordon Esther
Bought by
Gordon Esther and Gordon Raquel
Current Estimated Value
$2,121,146

Purchase Details

Closed on
Jul 15, 2013
Sold by
Gordon Esther
Bought by
Gordon Esther and Trust A

Purchase Details

Closed on
Jul 14, 2010
Sold by
Kramer Alex
Bought by
Gordon Esther and Gordon Family Trust

Purchase Details

Closed on
Jun 28, 2007
Sold by
Kordestani Kavoos
Bought by
Kramer Alex and Kramer Shana K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2002
Sold by
Ludtke Jim
Bought by
Kordestani Kavoos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.95%

Purchase Details

Closed on
Oct 22, 1996
Sold by
Trust Townsley, James L Co Tr Townsley Fa
Bought by
Townsley James Leon and Townsley Mariam Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.87%
Mortgage Type
Assumption

Purchase Details

Closed on
Oct 14, 1996
Sold by
Townsley Mariam D
Bought by
Ludtke Jim and Ludtke Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.87%
Mortgage Type
Assumption

Purchase Details

Closed on
Oct 2, 1996
Sold by
Townsley James L
Bought by
Townsley Mariam D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.87%
Mortgage Type
Assumption
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
Gordon Esther -- Accommodation
Gordon Esther -- None Available
Gordon Esther $1,160,000 Equity Title Company
Kramer Alex $1,350,000 Fidelity National Title Co
Kordestani Kavoos $558,000 Equity Title
Townsley James Leon -- Equity Title Co
Ludtke Jim $300,000 Equity Title
Townsley Mariam D -- Equity Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kramer Alex $350,000
Previous Owner Kordestani Kavoos $500,000
Previous Owner Ludtke Jim $240,000
Source: Public Records

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
2025 $7,801 $630,140 $367,739 $262,401
2024 $7,801 $617,785 $360,529 $257,256
2023 $21,801 $1,784,857 $1,068,942 $715,915
2022 $20,787 $593,797 $346,530 $247,267
2021 $7,131 $582,155 $339,736 $242,419
2020 $7,200 $576,187 $336,253 $239,934
2019 $6,921 $564,890 $329,660 $235,230
2018 $6,816 $553,815 $323,197 $230,618
2016 $6,504 $532,312 $310,648 $221,664
2015 $6,410 $524,317 $305,982 $218,335
2014 $6,437 $514,048 $299,989 $214,059
Source: Public Records

Map

California Los Angeles County Los Angeles 90036 Melrose

163 N Formosa Ave, Los Angeles, CA

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