NOT LISTED FOR SALE

Estimated Value: $1,197,000 - $1,647,000

3 Beds
1 Bath
1,432 Sq Ft
$1,005/Sq Ft Est. Value

Last Sold October 19, 2015

Last sale price $480,000 $335 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $8,294/month

219 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Private Yard
  • City Lights View
  • L-Shaped Dining Room
  • No HOA

About This Home

As of October 2015

Vintage home with in-ground pool and room for outdoor entertaining. A traditional 3 bedroom, 1 bath home with fireplace and a balcony with views overlooking downtown LA. Home has an unpermitted addition with incomplete construction, exposed wires, incomplete plumbing and electrical, missing flooring, door jams, doors, outlet covers, cabinets, counters and more. Seller began structural repairs to exterior, but repairs are incomplete. Windows, exterior paint, stucco and additional repairs need to be completed. Pool is dated and needs to be repaired, pool equipment not in working condition. Property sold in as-is condition and will not qualify for financing, sorry cash offers only. Over 100k needed in repairs.

Last Agent to Sell the Property

Jessica Griffith

Engel & Völkers Newport Beach License #01755981 Listed on: 05/18/2015

Engel & Völkers Newport Beach

Last Buyer's Agent

Jessica Griffith

Engel & Völkers Newport Beach License #01755981 Listed on: 05/18/2015

Engel & Völkers Newport Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,479

Year Built

  • Built in 1949 | Under Construction

Lot Details

  • 6,459 Sq Ft Lot
  • Fenced
  • Stucco Fence
  • Paved or Partially Paved Lot
  • Irregular Lot
  • Private Yard

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Up Slope from Street
  • Uncovered Parking

Home Design

  • Entry on the 1st floor
  • Additions or Alterations
  • Major Repairs Completed
  • Fixer Upper
  • Shingle Roof

Interior Spaces

  • 1,432 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Carpet
  • City Lights Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • In Ground Pool
  • Deck
  • Patio
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Central Heating
  • Overhead Utilities

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 62
  • Tax Tract Number 9955
  • Assessor Parcel Number 5012005010

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,479

Year Built

Built in 1949 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Condition: Additions/Alterations, Fixer, Repairs Major, Under Construction
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5012005010
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1432.00
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Dining Ell
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 335.20
  • Room Type: All Bedrooms Up

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Fence: Yes
  • Fencing: Stucco Wall
  • Patio And Porch Features: Deck
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Direct Garage Access, Uncovered
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Upper Level
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Irregular Lot, Paved, Utilities - Overhead, Up Slope from Street, Yard
  • Lot Size Sq Ft: 6459.00
  • Price Per Lot Square Foot: 74.31
  • Lot Size Acres: 0.1480

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 6459.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 62
  • Tax Tract Number: 9955

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2017
Sold by
Nweke Collins I
Bought by
Nweke Collins I
Current Estimated Value
$1,439,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,460
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2017
Sold by
Nweke Collins L and Nweke Collins
Bought by
Nweke Collins I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2016
Sold by
Cins Financial Services Inc
Bought by
Nweke Collins

Purchase Details

Closed on
Feb 11, 2016
Sold by
Nweke Collins
Bought by
Cins Financial Services Inc

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
3.79%
Mortgage Type
Unknown

Purchase Details

Listed on
May 18, 2015
Closed on
Oct 1, 2015
Sold by
Polk Melanie
Bought by
Nweke Collins
Seller's Agent
Jessica Griffith
Engel & Völkers Newport Beach
Buyer's Agent
Jessica Griffith
Engel & Völkers Newport Beach
List Price
$320,000
Sold Price
$480,000
Premium/Discount to List
$160,000
50%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.47%
Original Mortgage
$120,000
Interest Rate
3.85%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 29, 2005
Sold by
Polk Melanie and Estate Of Charlene E Cook
Bought by
Polk Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,100
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac
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
Nweke Collins I -- North American Title
Nweke Collins I -- Bnt Title Company Of Ca
Nweke Collins -- Provident Title
Cins Financial Services Inc -- None Available
Nweke Collins $480,000 Title 365
Polk Melanie $699,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nweke Collins I $594,000
Closed Nweke Collins I $598,000
Closed Nweke Collins I $620,460
Closed Nweke Collins I $610,000
Previous Owner Cins Financial Services Inc $120,000
Previous Owner Cins Financial Services Inc $480,000
Previous Owner Nweke Collins $120,000
Previous Owner Nweke Collins $480,000
Previous Owner Polk Melanie $607,200
Previous Owner Polk Melanie $150,000
Previous Owner Polk Melanie $489,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2015 10/19/15 Sold $480,000 +50.0% $335 / Sq Ft
12/11/2014 12/11/14 Pending -- -- --
12/02/2014 12/02/14 For Sale $320,000 0.0% $223 / Sq Ft
12/02/2014 12/02/14 Price Changed $320,000 -33.3% $223 / Sq Ft
07/01/2014 07/01/14 Off Market $480,000 -- --
07/01/2014 07/01/14 For Sale $505,000 +5.2% $353 / Sq Ft
05/31/2014 05/31/14 Off Market $480,000 -- --
05/06/2014 05/06/14 For Sale $505,000 -- $353 / 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 $7,479 $568,216 $454,576 $113,640
2024 $7,479 $557,075 $445,663 $111,412
2023 $7,356 $546,153 $436,925 $109,228
2022 $7,015 $535,445 $428,358 $107,087
2021 $6,936 $524,947 $419,959 $104,988
2019 $6,724 $509,378 $407,503 $101,875
2018 $6,552 $499,391 $399,513 $99,878
2016 $6,279 $480,000 $384,000 $96,000
2015 $7,014 $551,000 $444,000 $107,000
2014 $5,651 $426,000 $343,000 $83,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14095576

California Regional Multiple Listing Service (CRMLS)

APN: 5012-005-010