$325,000
SOLD OCT 13, 2016
3 Beds
2 Baths
1,452 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$224 Per Sq Ft

4 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Central Air

About This Home

As of July 2020

This home is located at 3041 Somerset Dr, Los Angeles, CA 90016 and is currently priced at $325,000, approximately $223 per square foot. This property was built in 1926. 3041 Somerset Dr is a home located in Los Angeles County with nearby schools including Virginia Road Elementary School, Johnnie L. Cochran Jr. Middle School, and Susan Miller Dorsey Senior High School.

Last Agent to Sell the Property

Kellie Battle

Source Financial License #01772824 Listed on: 09/09/2016

Last Buyer's Agent

Kellie Battle

Source Financial License #01772824 Listed on: 09/09/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,738

Year Built

  • Built in 1926

Lot Details

  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 1,452 Sq Ft Home
  • Dining Room with Fireplace
  • City Lights Views

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Exterior Lighting
  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 213
  • Tax Tract Number 5780
  • Assessor Parcel Number 5050029052

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,738

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5050029052
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1452.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Dining Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 223.83

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5039.00

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Census Tract: 2200.00
  • Tax Lot: 213
  • Tax Tract Number: 5780

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Jun 18, 2020
Sold by
Premier Asset Holdings Llc
Bought by
Sacknoff Gabrielle
Seller's Agent
Matthew Salib
Cal American Homes
Buyer's Agent
Aaron Bernbach
Keller Williams Beverly Hills
List Price
$1,299,999
Sold Price
$1,375,000
Premium/Discount to List
$75,001
5.77%
Current Estimated Value
$1,668,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,618
Avg. Annual Appreciation
3.44%
Original Mortgage
$475,000
Outstanding Balance
$422,907
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,210,975

Purchase Details

Closed on
Sep 10, 2018
Sold by
Ifg Investment Group Llc
Bought by
Premier Asset Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 9, 2015
Closed on
Feb 26, 2016
Sold by
Adams Marvin
Bought by
Ifg Investment Group Llc
Seller's Agent
Kellie Battle
Source Financial
Buyer's Agent
Kellie Battle
Source Financial
List Price
$125,000
Sold Price
$190,000
Premium/Discount to List
$65,000
52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.42%
Original Mortgage
$215,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 9, 2015
Closed on
Jan 26, 2016
Sold by
Adams Marvin
Bought by
Adams Marvin and Adams Valerie
Seller's Agent
Kellie Battle
Source Financial
Buyer's Agent
Kellie Battle
Source Financial
List Price
$125,000
Sold Price
$190,000
Premium/Discount to List
$65,000
52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2013
Sold by
Adams Raymond
Bought by
Adams Marvin and Adams Valerie

Purchase Details

Closed on
May 26, 2006
Sold by
Adams Raymond and Adams Marvin
Bought by
Adams Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 15, 2005
Sold by
Adams Marvin and Adams Valerie
Bought by
Adams Raymond

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
5.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,375,000 Provident Title Company
Grant Deed $550,000 Provident Title Company
Grant Deed $190,000 Netco Title Company
Interfamily Deed Transfer -- Netco Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $475,000 New Conventional
Previous Owner $769,044 Construction
Previous Owner $495,000 Purchase Money Mortgage
Previous Owner $10,000 Unknown
Previous Owner $15,000 Unknown
Previous Owner $40,000 Unknown
Previous Owner $150,000 Unknown
Previous Owner $300,000 Unknown
Previous Owner $215,000 Purchase Money Mortgage
Previous Owner $75,000 Credit Line Revolving
Previous Owner $350,000 Purchase Money Mortgage
Previous Owner $166,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $1,375,000 +5.8% $684 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $1,299,999 +300.0% $647 / Sq Ft
10/13/2016 10/13/16 Sold $325,000 0.0% $224 / Sq Ft
09/13/2016 09/13/16 Pending -- -- --
09/09/2016 09/09/16 For Sale $325,000 +71.1% $224 / Sq Ft
03/01/2016 03/01/16 Sold $190,000 +52.0% $131 / Sq Ft
10/12/2015 10/12/15 Pending -- -- --
10/09/2015 10/09/15 For Sale $125,000 -- $86 / 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 $17,738 $1,488,342 $1,055,370 $432,972
2024 $17,738 $1,459,160 $1,034,677 $424,483
2023 $17,394 $1,430,550 $1,014,390 $416,160
2022 $16,583 $1,402,500 $994,500 $408,000
2021 $16,378 $1,375,000 $975,000 $400,000
2020 $10,076 $561,000 $561,000 $0
2019 $7,265 $550,000 $550,000 $0
2018 $5,322 $428,332 $299,843 $128,489
2016 $4,579 $369,282 $265,259 $104,023
2015 $4,513 $363,736 $261,275 $102,461
2014 $4,536 $356,611 $256,157 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN16707426

California Regional Multiple Listing Service (CRMLS)

APN: 5050-029-052