NOT LISTED FOR SALE

5254 Corteen Place Unit 9 Valley Village, CA 91607

Estimated Value: $709,000 - $755,000

2 Beds
2.5 Baths
1,450 Sq Ft
$507/Sq Ft Est. Value

Last Sold July 25, 2023

Last sale price $700,000 $483 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,983/month

156 Days on Market

Highlights

  • No Units Above
  • Rooftop Deck
  • Gated Parking
  • North Hollywood Senior High School Rated A
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of July 2023

Welcome to Palazzo De Corteen. Built in 2009, this beautiful Tuscany architecture building offers style and convenience. This light and bright unit has recently been updated with hardwood floors, new toilets, new bathroom hardware, new water heater, Nest thermostat and more. The completely renovated kitchen offers quartzite countertops, real wood cabinetry, porcelain tile floor, and stainless-steel appliances. Main floor offers a fireplace and a guest bathroom as well. The second floor consists of a master on-suite with renovated walk-in closet, featured brick wall and black-out shades. The sliding barn door separates the fully renovated en-suite bathroom featuring Carrara white marble shower, mosaic marble floors, and a vanity with double sinks and modern hardware. Secondary bedroom/office with its own bathroom also located on second floor. Third floor offers a stunning private roof-top deck, perfect spot to entertain, relax, grill, or just cozy-up to a good book. Secured subterranean parking offers EV charging as well. Conveniently located near world class shopping, boutiques, restaurants, and coffee shops. Close proximity to major Freeways and the Metro Orange Line.

Last Agent to Sell the Property

Nancy Aynehchi

First Team Real Estate License #01450929 Listed on: 01/24/2023

First Team Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,600

Year Built

  • Built in 2009 | Remodeled

Lot Details

  • No Units Above
  • No Units Located Below
  • Two or More Common Walls

HOA Fees

  • $421 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Gated Parking

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Turnkey

Interior Spaces

  • 1,450 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Blinds
  • Family Room Off Kitchen
  • Living Room with Fireplace

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Rooftop Deck
  • Patio
  • Exterior Lighting

Schools

  • Burbank Elementary School
  • Walter Reed Middle School
  • North Hollywood High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 62559
  • Assessor Parcel Number 2347026089
  • $181 per year additional tax assessments

Community Details

Overview

  • 10 Units
  • Palazzo De Corteen Association, Phone Number (818) 905-7306
  • Real Property Mgmt HOA

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,600

Year Built

Built in 2009 | Remodeled

Lot Details

0

HOA Fees

$421 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Refrigrator, washer and dryer
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • View: Yes
  • Zoning: LAR3
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 2347026089
  • Year Built: 2009
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1450.00 Square Feet
  • Interior Amenities: Open Floorplan, Quartz Counters, Recessed Lighting, Unfurnished
  • Stories: 3
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 482.76
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Master Suite, Walk-In Closet
  • Window Features: Blinds
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Master Bath, Remodeled, Stone Counters, Walk-In Shower
  • Room Kitchen Features: Kitchen Open To Family Room, Quartz Counters

Exterior Features

  • Patio: Yes
  • View: Mountain(s), Neighborhood
  • Patio And Porch Features: Roof Top
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Gated
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Trash, Water
  • Association Fee: 421.00
  • Association Fee Frequency: Monthly
  • Association Name: Palazzo De Corteen
  • Phone: 818-905-7306
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: Real Property Mgmt

Schools

  • Elementary School: Burbank
  • High School: North Hollywood
  • Middle Or Junior School: Walter Reed
  • Elementary School #2: BURBAN
  • High School2: NORHOL

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 10878.00
  • Lot Size Acres: 0.2497

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10878.0000 Square Feet
  • Number Of Units In Community: 10
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1249.03
  • Tax Lot: 1
  • Tax Tract Number: 62559
  • TaxOtherAnnualAssessmentAmount: 181.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2023
Closed on
Jul 14, 2023
Sold by
Hamoui May B
Bought by
Hamoui Fayez N
Seller's Agent
Nancy Aynehchi
First Team Real Estate
List Price
$699,900
Sold Price
$700,000
Premium/Discount to List
$100
0.01%
Views
350
Current Estimated Value
$734,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,651
Avg. Annual Appreciation
2.16%
Original Mortgage
$415,000
Outstanding Balance
$404,952
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$329,699

Purchase Details

Listed on
Jan 24, 2023
Closed on
Jun 29, 2023
Sold by
Par Family Trust
Bought by
Hamoui Fayez N and Hamoui Rami F
Seller's Agent
Nancy Aynehchi
First Team Real Estate
List Price
$699,900
Sold Price
$700,000
Premium/Discount to List
$100
0.01%
Views
350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Outstanding Balance
$404,952
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$329,699

Purchase Details

Closed on
Mar 26, 2020
Sold by
Younesian Parisa
Bought by
Younesian Parisa and The Par Family Trust

Purchase Details

Listed on
Feb 27, 2018
Closed on
Apr 2, 2018
Sold by
Cichy Craig
Bought by
Younesian Parisa
Seller's Agent
George Ouzounian
The Agency
Buyer's Agent
Shelley Gross
Pacific Inter Capital Investment Solutions, Inc
List Price
$584,995
Sold Price
$595,000
Premium/Discount to List
$10,005
1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.83%

Purchase Details

Closed on
Dec 3, 2009
Sold by
Mbi Development Llc
Bought by
Cichy Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,003
Interest Rate
4.37%
Mortgage Type
FHA
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
Hamoui Fayez N -- Western Resources Title
Hamoui Fayez N $700,000 Western Resources Title
Younesian Parisa -- None Available
Younesian Parisa $595,000 Fidelity National Title
Cichy Craig $376,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamoui Fayez N $415,000
Previous Owner Cichy Craig $371,003
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2023 07/25/23 Sold $700,000 0.0% $483 / Sq Ft
07/01/2023 07/01/23 For Sale $699,900 0.0% $483 / Sq Ft
06/29/2023 06/29/23 Off Market $700,000 -- --
05/03/2023 05/03/23 Price Changed $699,900 -6.6% $483 / Sq Ft
04/15/2023 04/15/23 Price Changed $749,000 -3.4% $517 / Sq Ft
01/24/2023 01/24/23 For Sale $775,000 +30.3% $534 / Sq Ft
04/11/2018 04/11/18 Sold $595,000 +1.7% $419 / Sq Ft View Prior Sale
03/26/2018 03/26/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $584,995 -- $412 / 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 $8,600 $714,000 $436,560 $277,440
2024 $8,600 $700,000 $428,000 $272,000
2023 $7,921 $650,715 $425,098 $225,617
2022 $7,546 $637,957 $416,763 $221,194
2021 $7,449 $625,449 $408,592 $216,857
2019 $7,221 $606,900 $396,474 $210,426
2018 $5,209 $423,364 $237,242 $186,122
2016 $4,970 $406,927 $228,031 $178,896
2015 $4,898 $400,815 $224,606 $176,209
2014 $4,918 $392,965 $220,207 $172,758
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23008918

California Regional Multiple Listing Service (CRMLS)

APN: 2347-026-089