NOT LISTED FOR SALE

5501 Simpson Ave Valley Village, CA 91607

Estimated Value: $1,281,000 - $1,420,933

4 Beds
2 Baths
1,666 Sq Ft
$825/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $1,350,000 $810 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,633/month

About This Home

Adorable 1945 Traditional home in super-desirable pocket of Valley Village, this rare 4 Bedroom, 2 Bathroom, 1,666 square foot residence is seeking its new owner. Offering sensational curb appeal and sitting on a sprawling 7,983 sqft corner lot with side facing, detached 2-car garage with amazing ADU potential!!! The large landscaped front yard is surrounded by flourishing fruit trees and pretty white picket fence. Interior of home features hardwood floors in most rooms, double sided ornamental fireplace, central AC/Heat, recessed lighting and upgraded double-pane windows. Enjoy dinner parties in the Formal Dining Room that flows into the large, sun-filled Cook’s Kitchen offering ample counter space and great storage. The cozy Family Room has tons of original built-in bookshelves bringing lots of charm and character plus skylight and sliding doors leading to exterior. All Guest Bedrooms are spacious and Primary Bedroom has sliding door leading outside. And let’s not forget the Great Outdoors! There is an incredible entertainer’s yard with brick pavers, large shade tree, spacious grassy play area, mature landscape and beautiful gardens – a true Shangri-La! Enjoy this home’s premier location near parks, schools, houses of worship, commuter routes, and moments away to NoHo West shopping and dining, LA Valley College, Ventura Boulevard, and the NoHo Arts District. Please don’t miss out on this amazing opportunity!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2023
Closed on
May 19, 2023
Sold by
Foxx Elena
Bought by
Zilberberg Erez
Seller's Agent
Mario Acosta
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Anat Yifrah
Beverly and Company Inc.
List Price
$1,175,000
Sold Price
$1,350,000
Premium/Discount to List
$175,000
14.89%
Views
5
Current Estimated Value
$1,374,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,983
Avg. Annual Appreciation
0.65%
Original Mortgage
$1,080,000
Outstanding Balance
$1,045,745
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$329,238

Purchase Details

Listed on
Apr 12, 2023
Closed on
Apr 24, 2023
Sold by
Shitanishi Family Trust
Bought by
Zilberberg Erez
Seller's Agent
Mario Acosta
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Anat Yifrah
Beverly and Company Inc.
List Price
$1,175,000
Sold Price
$1,350,000
Premium/Discount to List
$175,000
14.89%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Outstanding Balance
$1,045,745
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$329,238

Purchase Details

Closed on
Sep 24, 2016
Sold by
Shitanishi Kenneth T
Bought by
Shitanishi Kenneth T and Shitanishi Eva
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Zilberberg Erez -- California Title Company
Zilberberg Erez $1,350,000 California Title Company
Shitanishi Kenneth T -- None Available
Shitanishi Kenneth T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zilberberg Erez $1,080,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2023 05/26/23 Sold $1,350,000 +14.9% $810 / Sq Ft View Prior Sale
04/21/2023 04/21/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $1,175,000 -- $705 / Sq Ft

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 $16,808 $1,404,540 $1,123,632 $280,908
2024 $16,808 $1,377,000 $1,101,600 $275,400
2023 $6,261 $505,015 $369,754 $135,261
2022 $5,971 $495,113 $362,504 $132,609
2021 $5,892 $485,406 $355,397 $130,009
2019 $5,715 $471,009 $344,856 $126,153
2018 $5,635 $461,775 $338,095 $123,680
2016 $5,374 $443,845 $324,967 $118,878
2015 $5,295 $437,179 $320,086 $117,093
2014 $5,318 $428,616 $313,816 $114,800
Source: Public Records

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