NOT LISTED FOR SALE

16850 Covello St van Nuys, CA 91406

Estimated Value: $1,022,000 - $1,052,000

4 Beds
2.5 Baths
2,168 Sq Ft
$480/Sq Ft Est. Value

Last Sold January 26, 2022

Last sale price $899,000 $415 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,431/month

20 Days on Market

Highlights

  • Primary Bedroom Suite
  • Cathedral Ceiling
  • Hydromassage or Jetted Bathtub
  • Open Floorplan
  • Wood Flooring
  • No HOA

About This Home

As of January 2022

Welcome to this lovely corner lot home in the highly desired Lake Balboa area. Remodeled just 5 years ago! This home features 4 Bedrooms 2 1/2 Baths. Inside the 2,168 SQ FT home, you will find an open floor plan with a beautiful kitchen, a dining area with french doors leading to the outdoor patio, and a spacious family room with vaulted ceilings. Large Master Bedroom with a walk-in closet, bathroom with dual vanity, a jetted tub, and stand-up shower. You will also find 3 additional bedrooms with ample closet space. Close to parks, Lake Balboa, golf, bike paths, shopping, and more. You don't want to miss out on this home!

Last Agent to Sell the Property

Joseph Greeson

JohnHart Real Estate License #01703736 Listed on: 12/02/2021

JohnHart Real Estate

Last Buyer's Agent

Rashaad Dixon

EDR Realty Group License #01838008

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 6,031 Sq Ft Lot
  • Back and Front Yard
  • Property is zoned LAR1

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Copper Plumbing

Interior Spaces

  • 2,168 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Recessed Lighting
  • Formal Entry
  • Family Room Off Kitchen
  • Wood Flooring
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Free-Standing Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom Suite
  • Makeup or Vanity Space
  • Hydromassage or Jetted Bathtub
  • Walk-in Shower

Outdoor Features

  • Patio
  • Porch

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 70
  • Tax Tract Number 14659
  • Assessor Parcel Number 2226028005
  • $270 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Parking

1

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: 2226028005
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2168.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Copper Plumbing Full, Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: In Kitchen
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 414.67
  • Room Type: Family Room, Formal Entry, Kitchen, Master Suite
  • Bathroom Features: Shower, Jetted Tub, Vanity Area
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Porch
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Covered, Garage - Single Door
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range
  • Electric: 220 Volts
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6031.00
  • Lot Size Acres: 0.1385

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6031.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1321.02
  • Tax Lot: 70
  • Tax Tract Number: 14659
  • TaxOtherAnnualAssessmentAmount: 270.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2021
Closed on
Dec 30, 2021
Sold by
Grassetti Talo Rafael and Furuk Thais
Bought by
Recio Raul Ramon and Stlouis-Recio Marie
Seller's Agent
Joseph Greeson
JohnHart Real Estate
Buyer's Agent
Rashaad Dixon
EDR Realty Group
List Price
$950,000
Sold Price
$899,000
Premium/Discount to List
-$51,000
-5.37%
Current Estimated Value
$1,041,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,227
Avg. Annual Appreciation
3.88%
Original Mortgage
$809,100
Outstanding Balance
$746,754
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$294,473

Purchase Details

Listed on
Jan 21, 2016
Closed on
Jan 26, 2016
Sold by
Cem Investments Llc
Bought by
Talo Rafael Grassetti and Talo Thais Yuri Furukawa
Seller's Agent
Tamara Tambe
Pinnacle Estate Properties, Inc.
Buyer's Agent
Ralph Lopez
REDI
List Price
$599,000
Sold Price
$605,000
Premium/Discount to List
$6,000
1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$544,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2015
Closed on
Jun 16, 2015
Sold by
Meade Laurinda K
Bought by
Cem Investments Llc
Seller's Agent
David Montgomery
Montgomery & Associates R.E.
Buyer's Agent
Tamara Tambe
Pinnacle Estate Properties, Inc.
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
104.09%

Purchase Details

Closed on
Apr 27, 2004
Sold by
Aguilar Charles D
Bought by
Meade Laurinda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2000
Sold by
Contreras Hugo and Contreras Rosa M
Bought by
Aguilar Charles D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,732
Interest Rate
8.08%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 15, 1996
Sold by
Contreras Hugo and Lozano Rosa
Bought by
Contreras Hugo and Contreras Rosa Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
8.32%

Purchase Details

Closed on
Jun 7, 1994
Sold by
Mallyon Alice M
Bought by
Contreras Hugo and Lozano Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,125
Interest Rate
5.12%
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

Date Buyer Sale Price Title Company
Recio Raul Ramon $899,000 Ticor Title
Talo Rafael Grassetti $605,000 Old Republic Title Company
Cem Investments Llc $400,000 Old Republic Title Company
Meade Laurinda K $369,000 First Southwestern Title Co
Aguilar Charles D $155,000 First American Title Co
Contreras Hugo -- Fidelity Title
Contreras Hugo $127,500 American Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Recio Raul Ramon $809,100
Previous Owner Talo Rafael Grassetti $544,500
Previous Owner Meade Laurinda K $269,000
Previous Owner Aguilar Charles D $153,732
Previous Owner Contreras Hugo $16,000
Previous Owner Contreras Hugo $121,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2022 01/26/22 Sold $899,000 0.0% $415 / Sq Ft
12/17/2021 12/17/21 Price Changed $899,000 -5.4% $415 / Sq Ft
12/02/2021 12/02/21 For Sale $950,000 +57.0% $438 / Sq Ft
02/24/2016 02/24/16 Sold $605,000 +1.0% $281 / Sq Ft View Prior Sale
01/25/2016 01/25/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $599,000 +49.8% $279 / Sq Ft
07/29/2015 07/29/15 Sold $400,000 -5.9% $461 / Sq Ft View Prior Sale
06/12/2015 06/12/15 Pending -- -- --
06/09/2015 06/09/15 For Sale $425,000 -- $490 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,518 $954,025 $699,123 $254,902
2024 $11,518 $935,319 $685,415 $249,904
2023 $11,295 $916,980 $671,976 $245,004
2022 $8,075 $674,886 $337,443 $337,443
2021 $7,967 $661,654 $330,827 $330,827
2019 $7,727 $642,030 $321,015 $321,015
2018 $7,579 $629,442 $314,721 $314,721
2016 $4,885 $400,000 $313,700 $86,300
2015 $4,588 $375,000 $284,900 $90,100
2014 $4,187 $333,000 $253,000 $80,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21252220

California Regional Multiple Listing Service (CRMLS)

APN: 2226-028-005