NOT LISTED FOR SALE

Estimated Value: $948,025 - $1,066,000

3 Beds
2 Baths
1,662 Sq Ft
$613/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $700,500 $421 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,287/month

19 Days on Market

Highlights

  • Bay View
  • Bonus Room
  • Breakfast Area or Nook
  • 1 Fireplace
  • No HOA
  • Fenced Yard

About This Home

As of October 2020

California bungalow in charming Lake Balboa. Three bedrooms, two baths on a quiet street in great neighborhood. Single story with grassy fenced backyard and private patio. Great opportunity with upside potential. Located near Lake Balboa, the Van Nuys Golf Course, popular restaurants, supermarkets, schools and parks. Good walk score! No showings until further notice

Last Agent to Sell the Property

Lynette Bishop

Compass License #00837359 Listed on: 08/15/2020

Compass

Co-Listed By

Dallas Bishop

Compass License #02116370

Last Buyer's Agent

Corrie Sommers

Compass License #01423994

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,278

Year Built

  • Built in 1956

Lot Details

  • 6,356 Sq Ft Lot
  • Lot Dimensions are 53x110
  • Fenced Yard
  • Partially Fenced Property
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Corners Of The Lot Have Been Marked
  • Back and Front Yard
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Bungalow
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,662 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Living Room
  • Dining Area
  • Bonus Room
  • Carpet
  • Bay Views
  • Laundry in Garage

Kitchen

  • Breakfast Area or Nook
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2229-007-051

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,278

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level - no steps
  • Living Area: 1662
  • Lot Acreage: 0.1459
  • Lot Dimensions: 53x110
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Fixer, Repair Cosmetic
  • Stories: 1
  • Year Built: 1956
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Mixed
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Ground Floor Master, All Bedrooms Down
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Area, Dining Area
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 408.54

Exterior Features

  • Construction: Brick, Wood Siding
  • Other Structures: None
  • Fence: Partial, Privacy, Wood
  • Patio: Concrete Slab, Patio Open
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: Bay
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage - 2 Car, Driveway
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: Water District, Not Available

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Palos Verdes / LAUSD - Inquire

Lot Info

  • Horses: No
  • Assessor Parcel Number: 2229-007-051
  • Lot Description: Back Yard, Curbs, Fenced Yard, Front Yard, Sidewalks, Single Lot, Yard, Corners Established, Lot Shape-Rectangular, Lot-Level/Flat
  • Lot Location: Flats, Park Nearby
  • Lot Size Area: 6356

Rental Info

  • Land Lease Purchase Yn: No

MLS Schools

  • School District: Palos Verdes / LAUSD - Inquire

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2020
Closed on
Sep 28, 2020
Sold by
Hua Jeffrey and Kim Hua Esther
Bought by
Gamboa Lawrence C and Gamboa Joan V
Seller's Agent
Lynette Bishop
Compass
Buyer's Agent
Corrie Sommers
Compass
List Price
$679,000
Sold Price
$700,500
Premium/Discount to List
$21,500
3.17%
Current Estimated Value
$1,011,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,430
Avg. Annual Appreciation
8.01%
Original Mortgage
$665,475
Outstanding Balance
$593,241
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$425,515

Purchase Details

Closed on
May 12, 2005
Sold by
Parada Raymond J
Bought by
Hua Jeffrey and Kim Hua Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,600
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 28, 1999
Sold by
Parada Raymond J
Bought by
Parada Raymond J and Raymond J Parada Trust
Source: Public Records

Range of Values:

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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
Gamboa Lawrence C $700,500 Lawyers Title
Hua Jeffrey $557,000 First American Title Company
Parada Raymond J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gamboa Lawrence C $250,000
Closed Gamboa Lawrence C $188,459
Open Gamboa Lawrence C $665,475
Previous Owner Hua Jeffrey $445,600
Previous Owner Parada Raymond J $360,000
Previous Owner Parada Raymond J $200,000
Previous Owner Parada Raymond J $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2020 10/07/20 Sold $700,500 +3.2% $421 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $679,000 -3.1% $409 / Sq Ft
08/20/2020 08/20/20 Off Market $700,500 -- --
08/15/2020 08/15/20 For Sale $679,000 -- $409 / 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 $9,278 $758,242 $606,594 $151,648
2024 $9,278 $743,375 $594,700 $148,675
2023 $9,101 $728,800 $583,040 $145,760
2022 $8,681 $714,510 $571,608 $142,902
2021 $8,573 $700,500 $560,400 $140,100
2020 $8,415 $680,000 $509,000 $171,000
2019 $7,971 $657,000 $492,000 $165,000
2018 $7,503 $614,000 $460,000 $154,000
2016 $6,686 $550,000 $411,700 $138,300
2015 $6,150 $505,000 $378,000 $127,000
2014 $6,294 $505,000 $378,000 $127,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-617116

The MLS

APN: 2229-007-051