NOT LISTED FOR SALE

5506 Colfax Ave North Hollywood, CA 91601

Estimated Value: $859,000 - $1,381,000

4 Beds
2 Baths
1,406 Sq Ft
$743/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $550,000 $391 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,087/month

About This Home

As of July 2019

SELLER WANTS OFFERS! Great duplex in Valley Village close to NoHo Art District has newer flooring, kitchen cabinets/counters, and bathroom vanities. Each 1+1 unit has its own fenced yard, with beautiful landscaping in the front. Owner/user potential - Live in one and rent the other! Seller/Broker/Agent do not guaranty the accuracy of the square footage, lot size, zoning, rent control, potential or projected rental income, permits, or other information concerning the conditions or features of the property provided, obtained from public records, or any other source. Buyer is advised to investigate the accuracy of all information through an independent, professional inspection and other professional sources. Rents indicated are projected. Previous rents were $1700 and $1648.

Last Agent to Sell the Property

Teresa Litt

Select Properties License #01385234 Listed on: 02/18/2019

Last Buyer's Agent

Teresa Litt

Select Properties License #01385234 Listed on: 02/18/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,309

Year Built

  • Built in 1973

Lot Details

  • 4,792

Parking

  • 2 Parking Spaces

Flooring

  • Wood
  • Ceramic Tile

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,309

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Total Bathrooms: 2.00
  • Unit Levels: Ground Level
  • Listing Member Name: Teresa Litt
  • Listing Office Short Id: CB3257001
  • List Office Board Code: Conejo Simi Moorpark Association (CSMAR)
  • Open House Office I D: 20180822224801568739000000
  • Prop. Type: C
  • Selling Member Short Id: C159050868
  • Selling Office Short Id: CB3257001
  • Tract Suffix: Avenue
  • Year Built: 1973
  • OFFICELIST_ZIP4: 3053
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Advertising Remarks: SELLER WANTS OFFERS! Great duplex in Valley Village close to NoHo Art District has newer flooring, kitchen cabinets/counters, and bathroom vanities. Each 1+1 unit has its own fenced yard, with beautiful landscaping in the front. Owner/user potential - Live in one and rent the other! Seller/Broker/Agent do not guaranty the accuracy of the square footage, lot size, zoning, rent control, potential or projected rental income, permits, or other information concerning the conditions or features ofthe property provided, obtained from public records, or any other source. Buyer is advised to investigate the accuracy of all information through an independent, professional inspection and other professional sources. Rents indicated are projected. Previous rents were $1700 and $1648.
  • Basement Full Bathrooms: 2
  • DwellingTotalFloors: 1
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood/Wood Like

Exterior Features

  • Common Walls: Yes
  • Disclosures: List Agent/Owner Related, Owner Has Real Estate License, Rent Control, Trust/Conservator
  • Pool: No
  • Spa: No
  • View: No

Garage/Parking

  • ParkingSpacesInformationTotalParkingSpaces: 2.00

Utilities

  • Cooling Type: Ceiling Fan(s), Wall or Window Units
  • Heating Type: Wall Electric
  • Hot Water: District/Public
  • Water Heater Feature: None

Condo/Co-op/Association

  • Total Number of Units In Complex: 2
  • HOA1InformationHOA: No

Lot Info

  • Lot Acres: 0.1100
  • Zoning: LARD1.5

Rental Info

  • Land Lease Type2: Fee Simple

Tax Info

  • APNTaxID: 2348001046

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2019
Closed on
Jun 24, 2019
Sold by
Litt Teresa and Litt David A
Bought by
Snipes Lamont and Apostolos Nicole
Seller's Agent
Teresa Litt
Select Properties
Buyer's Agent
Teresa Litt
Select Properties
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$1,044,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$494,432
Avg. Annual Appreciation
10.66%
Original Mortgage
$440,000
Outstanding Balance
$386,083
Interest Rate
4%
Mortgage Type
Seller Take Back
Estimated Equity
$658,349

Purchase Details

Closed on
Mar 16, 2005
Sold by
Litt David A and Litt Teresa
Bought by
Litt David A and Litt Teresa

Purchase Details

Closed on
Feb 21, 2001
Sold by
Litt David A
Bought by
Litt David A and Litt Teresa

Purchase Details

Closed on
Nov 26, 1996
Sold by
Litt Llonna S
Bought by
Litt David A
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
Snipes Lamont $110,000 First American Title Company
Litt David A -- --
Litt David A -- Old Republic Title
Litt David A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Snipes Lamont $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2019 07/01/19 Sold $550,000 0.0% $391 / Sq Ft
06/01/2019 06/01/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $550,000 -- $391 / Sq Ft
Source: Conejo Simi Moorpark Association of REALTORS®

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 $7,309 $601,501 $437,456 $164,045
2024 $7,309 $589,708 $428,879 $160,829
2023 $7,168 $578,146 $420,470 $157,676
2022 $6,834 $566,811 $412,226 $154,585
2021 $6,748 $555,698 $404,144 $151,554
2019 $2,496 $194,244 $97,122 $97,122
2018 $2,445 $190,436 $95,218 $95,218
2016 $2,324 $183,042 $91,521 $91,521
2015 $2,292 $180,294 $90,147 $90,147
2014 $2,312 $176,764 $88,382 $88,382
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Teresa Litt

    Select Properties

    (818) 929-4439

    2 Total Sales

    Teresa Litt
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Map

Source: Conejo Simi Moorpark Association of REALTORS®

MLS Number: 219001812

Conejo Simi Moorpark Association of REALTORS®

APN: 2348-001-046

California Los Angeles County North Hollywood 91601

5506 Colfax Ave, North Hollywood, CA

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.

Conejo Simi Moorpark Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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