NOT LISTED FOR SALE

16740 Tim Ln van Nuys, CA 91406

Estimated Value: $707,501 - $770,000

3 Beds
2.5 Baths
1,899 Sq Ft
1.66 Acres

Last Sold April 21, 2016

Last sale price $515,000 $271 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,465/month

5 Days on Market

Highlights

  • 72,325 Sq Ft lot
  • Living Room with Fireplace
  • Ceramic Tile Flooring
  • Contemporary Architecture
  • 2 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of April 2016

Lying on a private gated street is this large two story Mediterranean style property. The downstairs features high ceilings, an ideal open floor plan, upgraded chef's kitchen with granite countertops and stainless steel appliances, and a fireplace in the living room. The living and dining room area opensout onto a good sized private outdoor space. Upstairs there are four good sized bedrooms (one does not have a closet) plus an office space in the loft area. The master bedroom is a true master suite with a full spa like upgraded master bath including separate shower and bathtub. The property also has built in surround sound throughout downstairs and the master suite. This is a great opportunity to get an updated large property at a reasonable price.

Last Agent to Sell the Property

Eric Smilay

Nourmand & Associates-BH License #01710731 Listed on: 01/12/2016

Nourmand & Associates-BH

Last Buyer's Agent

George Simpson

License #01471505

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2005

Lot Details

  • 1.66

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,899 Sq Ft Home
  • Living Room with Fireplace
  • Laundry in Garage

Flooring

  • Laminate
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2231-018-039

Community Details

Overview

  • 27 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary Mediterranean
  • Street Number Display: Yes
  • Complex Name: Tim Lane
  • Entry Floor: 1
  • Living Area: 1899
  • Planned Urban Dev: 0
  • Probate: No
  • Year Built: 2005
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Cement, Ceramic Tile, Laminate
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 262.77

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Garage Is Attached
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Association/Amenities

  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 90.00

Lot Info

  • Assessor Parcel Number: 2231-018-039
  • Geocode Override: No
  • Lot Size Area: 72325

Rental Info

  • Lease Option: 1

Multi Family

  • Number Of Units: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2016
Sold by
Robins Sheldon F
Bought by
Fortunato Menina
Current Estimated Value
$734,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 19, 2016
Sold by
Fortunato Menina
Bought by
Brody Benjamin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 26, 2013
Closed on
Apr 11, 2014
Sold by
Knox Gregory D
Bought by
Robins Sheldon and Fortunato Menina
Seller's Agent
Lisa Agbalaya
Coldwell Banker Residential Br
Buyer's Agent
Eric Smilay
Nourmand & Associates-BH
List Price
$380,000
Sold Price
$370,000
Premium/Discount to List
-$10,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$345,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2009
Sold by
Finnegan Jazmin A
Bought by
Knox Gregory D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
4.78%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2007
Sold by
Finnegan Shawn and Finnegan Jazmin A
Bought by
Finnegan Jazmin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2005
Sold by
Village Homes Corp
Bought by
Finnegan Jazmin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,905
Interest Rate
7.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fortunato Menina -- None Available
Brody Benjamin J $515,000 Fatcola
Fortunato Menina -- None Available
Robins Sheldon $370,000 Progressive
Knox Gregory D $350,000 Calcounties Title Nation
Finnegan Jazmin A -- New Century Title Co La Gd
Finnegan Jazmin A $499,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brody Benjamin J $412,000
Previous Owner Robins Sheldon $345,000
Previous Owner Knox Gregory D $343,660
Previous Owner Finnegan Jazmin A $508,000
Previous Owner Finnegan Jazmin A $404,905
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2016 04/21/16 Sold $515,000 +3.2% $271 / Sq Ft
01/12/2016 01/12/16 For Sale $499,000 +34.9% $263 / Sq Ft
04/30/2014 04/30/14 Sold $370,000 -2.6% $195 / Sq Ft View Prior Sale
09/30/2013 09/30/13 Pending -- -- --
09/26/2013 09/26/13 For Sale $380,000 -- $200 / Sq Ft
Source: The MLS

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 $7,547 $609,649 $343,417 $266,232
2024 $7,547 $597,696 $336,684 $261,012
2023 $7,400 $585,978 $330,083 $255,895
2022 $7,052 $574,489 $323,611 $250,878
2021 $6,957 $563,225 $317,266 $245,959
2019 $6,748 $546,520 $307,856 $238,664
2018 $6,672 $535,805 $301,820 $233,985
2016 $4,793 $383,145 $164,752 $218,393
2015 $4,724 $377,391 $162,278 $215,113
2014 $4,724 $368,544 $149,523 $219,021
Source: Public Records

Agents Affiliated with this Home

  • Eric Smilay

    Seller's Agent in 2016

    Eric Smilay

    Nourmand & Associates-BH

    (310) 274-4000

    1 in this area

    29 Total Sales

    Eric Smilay
    Section Image

  • G

    Buyer's Agent in 2016

    George Simpson

  • B

    Buyer's Agent in 2016

    Barbara Wiesener

  • L

    Seller's Agent in 2014

    Lisa Agbalaya

    Coldwell Banker Residential Br

See All Agents

Map

Source: The MLS

MLS Number: 16-971181

The MLS

APN: 2231-018-039

California Los Angeles County Van Nuys 91406

16740 Tim Ln, Van Nuys, CA

Not Listed for Sale

Condos

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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes