$101,000
SOLD SEP 13, 2013

320 Sumner Ave Avalon, CA 90704

2 Beds
2 Baths
1,000 Sq Ft
970 Sq Ft Lot

Recently Sold

$101 Per Sq Ft

37% Below List Price

43 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace

About This Home

As of October 2014

The property is subject to a ground lease (city owned). Terms of lease are negotiable with the city. City is willing to sell the land ($250,000) if you are not interested in the ground lease ($1,500/mo). The property needs significant repairs.

Last Agent to Sell the Property

Brian Sorto

Entrusted One License #01295370 Listed on: 06/26/2013

Last Buyer's Agent

Amparo Gastelum

Max Real Estate License #01701696

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,968

Year Built

  • Built in 1896

Lot Details

  • 970 Sq Ft Lot
  • Land Lease of $1,500

Interior Spaces

  • 1,000 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Septic Type Unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 7480033900

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,968

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7480033900
  • Year Built: 1896
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1000.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 101.00
  • Room Type: Living Room

Exterior Features

  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Unknown

Condo/Co-op/Association

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

Lot Info

  • Land Lease: Yes
  • Land Lease Amount: 1500.00
  • Land Lease Purchase: Yes
  • Lot Size Sq Ft: 970.00
  • Lot Size Acres: 0.0220

Multi Family

  • Lease Considered: No
  • Lot Size Area: 970.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2014
Closed on
Oct 22, 2014
Sold by
Rappaport Valerie and Byrd Thomas
Bought by
The Thomas Byrd Iii & Valerie Rappaport
Seller's Agent
Kelly Brown
Kelly Nelson Brown Real Estate
Buyer's Agent
Deborah Cowles
Compass
List Price
$549,000
Sold Price
$528,500
Premium/Discount to List
-$20,500
-3.73%
Current Estimated Value
$885,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,668
Avg. Annual Appreciation
5.73%
Original Mortgage
$417,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2014
Closed on
Sep 25, 2014
Sold by
Kre Advisors Llc
Bought by
Rappaport Valerie and Byrd Thomas
Seller's Agent
Kelly Brown
Kelly Nelson Brown Real Estate
Buyer's Agent
Deborah Cowles
Compass
List Price
$549,000
Sold Price
$528,500
Premium/Discount to List
-$20,500
-3.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2012
Sold by
Lopez Pastor
Bought by
U S Bank National Association

Purchase Details

Closed on
Apr 20, 2006
Sold by
Lopez Pastor
Bought by
Lopez Pastor and Lopez Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
1.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 1994
Sold by
Thomas Barbara J
Bought by
Thomas Barbara J
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $528,500 Servicelink Title Company
Warranty Deed $427,473 Accommodation
Warranty Deed -- Lawyers Title Company
Warranty Deed -- Lawyers Title Company
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $417,000 New Conventional
Previous Owner $410,000 Purchase Money Mortgage
Previous Owner $225,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2014 10/22/14 Sold $528,500 -3.7% $529 / Sq Ft
07/14/2014 07/14/14 Pending -- -- --
06/24/2014 06/24/14 For Sale $549,000 +443.6% $549 / Sq Ft
09/13/2013 09/13/13 Sold $101,000 -8.2% $101 / Sq Ft
08/08/2013 08/08/13 Pending -- -- --
07/12/2013 07/12/13 Price Changed $110,000 -31.3% $110 / Sq Ft
06/26/2013 06/26/13 For Sale $160,000 -- $160 / 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 $9,968 $635,168 $390,598 $244,570
2024 $9,968 $622,715 $382,940 $239,775
2023 $9,765 $610,506 $375,432 $235,074
2022 $9,187 $598,536 $368,071 $230,465
2021 $8,903 $586,801 $360,854 $225,947
2019 $8,570 $569,398 $350,151 $219,247
2018 $8,387 $558,235 $343,286 $214,949
2016 $7,754 $536,559 $329,956 $206,603
2015 $7,258 $326,393 $179,516 $146,877
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13123845

California Regional Multiple Listing Service (CRMLS)

APN: 7480-033-055