$715,000
SOLD SEP 27, 2018

5015 Balboa Blvd Unit 203 Encino, CA 91316

2 Beds
2 Baths
1,371 Sq Ft
$600/mo HOA Fee

Recently Sold

$522 Per Sq Ft

2% Below List Price

Highlights

  • Concierge
  • Fitness Center
  • Gated Community
  • Gaspar De Portola Middle School Rated A-
  • Newly Remodeled
  • 4-minute walk to Encino Park

About This Home

As of September 2020

Welcome to The Balboa Villas...stunning "brand new" and ready for your buyer..."Wilshire Boulevard comes to the Valley!" Majestic grand lobby and get the feel of absolute luxury and the finest units in the area. Two bedrooms plus a den with amazing open floor plan. Fabulous gourmet kitchen with quartz counters, GE Cafe' appliances, self closing designer cabinetry, Sonetto inset farm style sink, low voltage lighting, and mosaic glass back splash. Designer plumbing fixtures. Amazing open entertainer's floor plan. Master suite with resort styled bath, separate tub and frameless shower with over sized walk in closet. Environmentally sensitive throughout. Unit is prewired for fiber optics. Upgraded USB outlets in several rooms. Over sized windows and sliders...huge balcony. Washer/dryer included. Alarm equipped. Amenities include concierge, Earthquake insurance, community room, fitness center, library, outdoor living of water feature, fire place, and barbeques. For all of this the HOA dues are quite reasonable. Two gated parking spaces. Plenty of gated guest parking. Available are storage, Electric auto chargers, and wine lockers (for minimal additional fees). Intricate camera security system throughout all common areas. Buyer will be given a flooring allowance to finish off the unit...options. High speed elevators. Unit is individually water metered. Gas included. Designer high end finishes through out the building...really impressive. Fabulous location and great neighborhood.

Last Agent to Sell the Property

Peter Miller

Equity Union License #01256871 Listed on: 04/27/2018

Equity Union

Last Buyer's Agent

Peter Miller

Equity Union License #01256871 Listed on: 04/27/2018

Equity Union

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,507

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Two or More Common Walls
  • East Facing Home
  • Wrought Iron Fence
  • Block Wall Fence
  • Chain Link Fence
  • Drip System Landscaping
  • Front and Back Yard Sprinklers
  • Density is 36-40 Units/Acre

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Side Facing Garage
  • Tandem Covered Parking
  • Automatic Gate
  • Guest Parking
  • Community Parking Structure

Home Design

  • Traditional Architecture
  • Turnkey
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Steel Beams
  • Copper Plumbing
  • Plaster
  • Stucco

Interior Spaces

  • 1,371 Sq Ft Home
  • Open Floorplan
  • Wired For Sound
  • Wired For Data
  • High Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Window Screens
  • Sliding Doors
  • Panel Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Home Office
  • Neighborhood Views

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Gas Cooktop
  • Free-Standing Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Quartz Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Toliet
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower
  • Low Flow Shower
  • Linen Closet In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Security Lights
  • Alarm System

Accessible Home Design

  • Lowered Light Switches
  • Doors swing in
  • Doors are 32 inches wide or more
  • Ramp on the main level
  • Low Pile Carpeting
  • Accessible Parking

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Living Room Balcony
  • Slab Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • High Efficiency Air Conditioning
  • Forced Air Heating and Cooling System
  • High Efficiency Heating System
  • Overhead Utilities
  • ENERGY STAR Qualified Water Heater
  • Gas Water Heater
  • Sewer on Bond
  • Sewer Paid
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 64625

Community Details

Overview

  • 42 Units
  • Balboa Villas Association

Amenities

  • Concierge
  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Clubhouse
  • Meeting Room
  • Card Room
  • Recreation Room

Recreation

  • Fitness Center

Pet Policy

  • Pet Restriction
  • Pet Size Limit
  • Breed Restrictions

Security

  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,507

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$600 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Rated Drywall, Fire Sprinkler System, Gated Community, Security Lights, Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Architectural Style: Traditional
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Year Built: 2018
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Living Area: 1371.00 Square Feet
  • Interior Amenities: Balcony, Copper Plumbing Full, Elevator, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting, Unfurnished, Wired for Data, Wired for Sound
  • Common Walls: 2+ Common Walls
  • Accessibility Features: 32 Inch Or More Wide Doors, Doors - Swing In, Low Pile Carpeting, Lowered Light Switches, Parking, Ramp - Main Level
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Panel Doors, Sliding Doors
  • Eating Area: In Kitchen, In Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 521.52
  • Room Type: Den, Family Room, Living Room, Office, Walk-In Closet
  • Window Features: Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Master Bath, Linen Closet/Storage, Quartz Counters, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Quartz Counters, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Chain Link, Wrought Iron
  • Patio And Porch Features: Slab
  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: No
  • Construction Materials: Frame, Glass, Plaster, Steel, Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Concrete, Garage Faces Side, Guest, Subterranean, Tandem Covered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Self Cleaning Oven, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Free-Standing Range, Disposal, Gas & Electric Range, Gas Range, Gas Cooktop, Gas Water Heater, High Efficiency Water Heater, Microwave, Range Hood, Recirculated Exhaust Fan, Self Cleaning Oven, Water Line to Refrigerator
  • Heating Type: Central, Forced Air, ENERGY STAR Qualified Equipment, High Efficiency
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Closet, Inside, Stackable, Washer Hookup, Washer Included
  • Sewer: Sewer On Bond, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Fire Pit, Barbecue, Outdoor Cooking Area, Gym/Ex Room, Clubhouse, Card Room, Recreation Room, Meeting Room, Concierge, Earthquake Insurance, Gas, Dues Paid Monthly, Pet Rules, Pets Permitted, Permitted Types, Weight Limit, Call for Rules
  • Association Fee: 600.34
  • Association Fee Frequency: Monthly
  • Association Name: Balboa Villas
  • Phone: 000-000-0000
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre, Corner Lot, Lot 20000-39999 Sqft, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Utilities - Overhead
  • Lot Size Sq Ft: 30000.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 42
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 64625

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Jul 31, 2020
Sold by
Yang Hyung Jun and Lee Sunmiin
Bought by
Romero Robert and Romero Joyce
Seller's Agent
Kenny Kim
Coldwell Banker Realty
List Price
$758,000
Sold Price
$730,000
Premium/Discount to List
-$28,000
-3.69%
Current Estimated Value
$859,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,141
Avg. Annual Appreciation
3.27%
Original Mortgage
$584,000
Outstanding Balance
$517,083
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$342,058

Purchase Details

Listed on
Apr 27, 2018
Closed on
Sep 6, 2018
Sold by
City Real Estate Devlopment Llc
Bought by
Yang Hyung Jun and Lee Sunmin
Seller's Agent
Peter Miller
Equity Union
Buyer's Agent
Peter Miller
Equity Union
List Price
$729,000
Sold Price
$715,000
Premium/Discount to List
-$14,000
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.06%
Original Mortgage
$435,000
Interest Rate
4.5%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Grant Deed $730,000 Ticor Title Company
Grant Deed $715,000 Fidelity National Title Grou
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $584,000 New Conventional
Previous Owner $435,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $730,000 -3.7% $545 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $758,000 +6.0% $566 / Sq Ft
09/27/2018 09/27/18 Sold $715,000 -1.9% $522 / Sq Ft
08/24/2018 08/24/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $729,000 -- $532 / 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 $9,507 $790,174 $238,134 $552,040
2024 $9,507 $774,681 $233,465 $541,216
2023 $9,321 $759,492 $228,888 $530,604
2022 $8,882 $744,600 $224,400 $520,200
2021 $8,770 $730,000 $220,000 $510,000
2020 $8,856 $729,300 $219,300 $510,000
2019 $8,501 $715,000 $215,000 $500,000
2018 $4,939 $398,616 $41,616 $357,000
2017 $4,790 $390,800 $40,800 $350,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18098138

California Regional Multiple Listing Service (CRMLS)

APN: 2258-016-017