NOT LISTED FOR SALE

5038 Otis Ave Tarzana, CA 91356

Estimated Value: $1,558,093 - $2,795,000

3 Beds
2 Baths
2,788 Sq Ft
$797/Sq Ft Est. Value

Last Sold February 01, 2016

Last sale price $850,000 $305 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $13,451/month

Highlights

  • Filtered Pool
  • Primary Bedroom Suite
  • Updated Kitchen
  • Gaspar De Portola Middle School Rated A-
  • All Bedrooms Downstairs
  • Open Floorplan

About This Home

As of February 2016

Charming gated country ranch home in the flats of Tarzana. Enter into this light and bright home with an abundance of skylights and natural light. Light wood beamed ceilings in the living and dining room with traditional hardwood floors and beautiful stone fireplace is the centerpiece of the room. Master suite encompasses, fireplace with sitting area, shutters on doors and windows leading to exterior courtyard. Master bathroom with marble countertops, Kohler tub with jets, and shower. Country kitchen opens to a den and comfortable family room with fireplace. This home has a great guest house with bathroom, perfect for a office, or studio, there is also a 2 car garage. The yard encompasses sitting area, beautiful landscaping and sparkling pool. Short sale subject to lender approval

Last Agent to Sell the Property

Tony Truisi

No Firm Affiliation License #01192355 Listed on: 11/16/2015

Last Buyer's Agent

Tony Truisi

No Firm Affiliation License #01192355 Listed on: 11/16/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,135

Year Built

  • Built in 1949

Lot Details

  • 0.46 Acre Lot
  • Wood Fence
  • Fence is in average condition
  • Irregular Lot
  • Sprinklers Throughout Yard
  • Wooded Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Garage Door Opener
  • Combination Of Materials Used In The Driveway
  • Automatic Gate

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Wood Product Walls
  • Fire Rated Drywall
  • Tile Roof
  • Wood Roof
  • Concrete Roof
  • Shingle Siding

Interior Spaces

  • 2,788 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Beamed Ceilings
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Double Pane Windows
  • Stained Glass
  • Bay Window
  • Window Screens
  • French Doors
  • Entryway
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Home Office
  • Pool Views

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Convection Oven
  • Gas Oven
  • Gas Cooktop
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Filtered Pool
  • In Ground Pool
  • Gas Heated Pool
  • Gunite Pool
  • Fence Around Pool

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Overhead Utilities
  • 220 Volts in Garage
  • Central Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 105
  • Tax Tract Number 5475
  • Assessor Parcel Number 2184002015

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,135

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Automatic Gate, Smoke Detector(s), Security System
  • View: Yes
  • Architectural Style: Ranch, Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2184002015
  • Year Built: 1949
  • Special Features: 12

Interior Features

  • Fireplace: Yes
  • Living Area: 2788.00
  • Interior Amenities: Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Crown Molding, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Two Story Ceilings, Wainscoting, Wood Product Walls
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Living Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: One
  • Price Per Square Foot: 304.88
  • Room Type: All Bedrooms Down, Den, Entry, Family Room, Great Room, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Separate Family Room, Office
  • Window Features: Bay Window(s), Double Pane Windows, Screens, Stained Glass, Skylight(s)
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Pillar/Post/Pier, Raised
  • View: Pool
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Patio And Porch Features: Brick, Covered, Front Porch, Slab
  • Pool Features: Fenced, Filtered, Gunite, Gas Heat, In Ground, Private
  • Pool Private: Yes
  • Roof: Concrete, Tile, Wood
  • Spa: No
  • Construction Materials: Block, Drywall Walls, Shingle Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered, Driveway - Combination, Direct Garage Access, Garage, Garage Door Opener, Garage Faces Rear
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Freezer, Gas Oven, Gas Cooktop, Refrigerator, Water Heater Central
  • Electric: 220 Volts in Garage
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Urban

Lot Info

  • Lot Features: Back Yard, Front Yard, Lawn, Irregular Lot, Lot 10000-19999 Sqft, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer, Treed Lot, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 19856.00
  • Price Per Lot Square Foot: 45.28
  • Lot Size Acres: 0.4560

Multi Family

  • Lease Considered: No
  • Lot Size Area: 19856.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 105
  • Tax Tract Number: 5475

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2020
Sold by
Shitri Dvir and Chetrit Maayan Raveed
Bought by
Shitri Dvir and Chetrit Maayan Raveed
Current Estimated Value
$2,221,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$973,958
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,248,065

Purchase Details

Listed on
Nov 16, 2015
Closed on
Jan 5, 2016
Sold by
Raveed Maayan
Bought by
Shitrit Dvir
Seller's Agent
Tony Truisi
No Firm Affiliation
Buyer's Agent
Tony Truisi
No Firm Affiliation
List Price
$1,359,000
Sold Price
$850,000
Premium/Discount to List
-$509,000
-37.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Original Mortgage
$625,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 16, 2015
Closed on
Dec 9, 2015
Sold by
Grossman Barry and Grossman Sally
Bought by
Shitrit Dvir
Seller's Agent
Tony Truisi
No Firm Affiliation
Buyer's Agent
Tony Truisi
No Firm Affiliation
List Price
$1,359,000
Sold Price
$850,000
Premium/Discount to List
-$509,000
-37.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
3.94%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Shitri Dvir -- None Available
Shitrit Dvir -- None Available
Shitrit Dvir -- Progressive Title Company
Shitrit Dvir $850,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shitrit Dvir $1,100,000
Previous Owner Shitrit Dvir $625,500
Previous Owner Grossman Barry $952,000
Previous Owner Grossman Barry $250,000
Previous Owner Grossman Barry $199,000
Previous Owner Grossman Barry $50,000
Previous Owner Grossman Barry $618,000
Previous Owner Grossman Barry $100,000
Previous Owner Grossman Barry $506,000
Previous Owner Watt Jasper $236,250
Previous Owner Grossman Barry $62,000
Previous Owner Grossman Barry $40,000
Previous Owner Grossman Barry $421,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2016 02/01/16 Sold $850,000 -37.5% $305 / Sq Ft
11/16/2015 11/16/15 For Sale $1,359,000 -- $487 / Sq Ft
09/18/2015 09/18/15 Pending -- -- --
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 $16,135 $1,315,955 $651,086 $664,869
2024 $16,135 $1,290,153 $638,320 $651,833
2023 $15,827 $1,264,856 $625,804 $639,052
2022 $15,120 $1,240,056 $613,534 $626,522
2021 $14,921 $1,215,742 $601,504 $614,238
2020 $15,068 $1,203,277 $595,337 $607,940
2019 $12,785 $1,044,622 $583,664 $460,958
2018 $10,971 $884,340 $572,220 $312,120
2016 $6,426 $518,124 $167,489 $350,635
2015 $6,334 $510,343 $164,974 $345,369
2014 $6,363 $500,347 $161,743 $338,604
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tony Truisi

    No Firm Affiliation

  • Michelle Kalms

    Buyer Co-Listing Agent in 2016

    Michelle Kalms

    Core Real Estate Group

    (310) 666-2367

    2 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15183266

California Regional Multiple Listing Service (CRMLS)

APN: 2184-002-015

California Los Angeles County Tarzana 91356

5038 Otis Ave, Tarzana, CA

This home is located at 5038 Otis Ave, Tarzana, CA 91356 since 16 November 2015 and is currently estimated at $2,222,023, approximately $796 per square foot. This property was built in 1949. 5038 Otis Ave is a home located in Los Angeles County with nearby schools including Gaspar De Portola Middle School, Nestle Avenue Charter, and Wilbur Charter For Enriched Academics.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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