NOT LISTED FOR SALE

2938 Potomac Ave Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $900,000 - $1,052,000

2 Beds
2 Baths
1,283 Sq Ft
$770/Sq Ft Est. Value

Last Sold June 18, 2012

Last sale price $316,500 $247 Per Sq Ft

Est. 212% increase in value since last sale

Current estimated payment $5,581/month

10 Days on Market

Highlights

  • Deck
  • Spanish Architecture
  • Laundry Room
  • Wood Flooring
  • 1 Car Detached Garage
  • 4-minute walk to Vineyard Recreational Center

About This Home

As of June 2012

Very cute updated Spanish bungalow with great curb appeal. Spacious cooks kitchen and cozy living room with fireplace. Beautifully tiled bathrooms and huge walk-in closet in master bedroom. French doors lead to deck overlooking backyard from master bedroom. Loads of light stream into this gem. This is perfect for a couple, small family or investor. A must see!

Last Agent to Sell the Property

Remo Packer

eXp Realty of California Inc License #01312783 Listed on: 03/12/2012

eXp Realty of California Inc

Last Buyer's Agent

Diana Tangalakis

Cavanaugh Realtors License #01813820

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,928

Year Built

  • Built in 1924

Lot Details

  • 5,850 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • 1 Car Detached Garage

Home Design

  • Spanish Architecture
  • Tile Roof

Interior Spaces

  • 1,283 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Alarm System
  • Dishwasher
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Shed

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5057-019-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,928

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1283
  • Stories: 1
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: 12

Interior Features

  • Fireplace Rooms: Gas, Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Equipment: Alarm System, Dishwasher
  • Fireplace: Yes
  • Price Per S Q F T: 202.65

Exterior Features

  • Other Structures: Shed(s)
  • Tennis Court Y/N: No
  • Patio: Deck(s)
  • Pool: No
  • Roof: Tile
  • View: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Detached

Utilities

  • Water Heater: Gas
  • Cooling: Central
  • Heating: Central
  • Sewer: In Street

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5057-019-020
  • Lot Size Area: 5850

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2012
Closed on
Jun 4, 2012
Sold by
Diaz Jose L
Bought by
Aguilar Maydee
Seller's Agent
Remo Packer
eXp Realty of California Inc
Buyer's Agent
Diana Tangalakis
Cavanaugh Realtors
List Price
$260,000
Sold Price
$316,500
Premium/Discount to List
$56,500
21.73%
Current Estimated Value
$987,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$671,163
Avg. Annual Appreciation
8.89%
Original Mortgage
$237,375
Outstanding Balance
$163,026
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$824,637

Purchase Details

Listed on
Mar 12, 2012
Closed on
May 24, 2012
Sold by
Hayes Kevin and Hayes Michele Visconti
Bought by
Aguilar Maydee
Seller's Agent
Remo Packer
eXp Realty of California Inc
Buyer's Agent
Diana Tangalakis
Cavanaugh Realtors
List Price
$260,000
Sold Price
$316,500
Premium/Discount to List
$56,500
21.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,375
Outstanding Balance
$163,026
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$824,637

Purchase Details

Closed on
Aug 25, 2005
Sold by
Hayes Kevin and Hayes Michele Visconti
Bought by
Hayes Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2005
Sold by
Cline Edward W
Bought by
Hayes Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2003
Sold by
Cline Cheryl A
Bought by
Cline Edward W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.71%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 14, 1994
Sold by
Cline Maria D
Bought by
Cline Maria D
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
Aguilar Maydee -- Lawyers Title
Aguilar Maydee $316,500 Lawyers Title
Hayes Kevin -- Fidelity Van Nuys
Hayes Kevin $399,000 Fidelity Van Nuys
Cline Edward W -- First American Title Co
Cline Maria D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aguilar Maydee $237,375
Previous Owner Hayes Kevin $453,000
Previous Owner Hayes Kevin $319,200
Previous Owner Cline Edward W $120,000
Closed Hayes Kevin $79,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2012 06/18/12 Sold $316,500 +21.7% $247 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
03/12/2012 03/12/12 For Sale $260,000 -- $203 / 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 $4,928 $397,527 $259,242 $138,285
2024 $4,861 $389,733 $254,159 $135,574
2023 $4,772 $382,092 $249,176 $132,916
2022 $4,557 $374,601 $244,291 $130,310
2021 $4,493 $367,256 $239,501 $127,755
2020 $4,536 $363,492 $237,046 $126,446
2019 $4,360 $356,366 $232,399 $123,967
2018 $4,297 $349,380 $227,843 $121,537
2016 $4,102 $335,815 $218,997 $116,818
2015 $4,042 $330,772 $215,708 $115,064
2014 $4,063 $324,294 $211,483 $112,811
Source: Public Records

Agents Affiliated with this Home

  • Remo Packer

    Seller's Agent in 2012

    Remo Packer

    eXp Realty of California Inc

    (818) 802-3887

    46 Total Sales

    Remo Packer
    Section Image
  • Diana Tangalakis

    Buyer's Agent in 2012

    Diana Tangalakis

    Cavanaugh Realtors

    (310) 837-7161

    9 Total Sales

    Diana Tangalakis
    Section Image
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Map

Source: The MLS

MLS Number: 12-587235

The MLS

APN: 5057-019-020

California Los Angeles County Los Angeles 90016 West Adams

2938 Potomac Ave, Los Angeles, CA

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