NOT LISTED FOR SALE

5542 Morella Ave Valley Village, CA 91607

Estimated Value: $1,189,462 - $1,532,000

3 Beds
2 Baths
1,625 Sq Ft
$819/Sq Ft Est. Value

Last Sold October 06, 2017

Last sale price $800,000 $492 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $8,015/month

38 Days on Market

Highlights

  • In Ground Pool
  • Contemporary Architecture
  • No HOA
  • North Hollywood Senior High School Rated A
  • Wood Flooring
  • Breakfast Area or Nook

About This Home

As of October 2017

Nestled in the Heart of Valley Village & Adjacent to Studio City. This Modern Contemporary has been completely Renovated & Turn Key Ready. Morella features 3 Bedrooms + 2 Bathrooms, 1,625 Living Space and situated on a 7,830 Sq. Ft. lot. Spacious New Custom Kitchen w/Granite Countertops & Island, Stainless Steel Appliances, Open Floor Plan, Living & Dining Area, Recess Lighting throughout, New Windows, Hardwood Flooring Throughout, Both Bathrooms have been Beautifully Renovated, Master Bedroom, Master Bath w/Double Sink, Central Air/Heat, Spacious Backyard with Large Pool for Entertaining, Huge Driveway, New Landscaping Front & Back w/Automatic Irrigation System, 2-Car Garage in a highly coveted Neighborhood. You Won't Want to miss out!

Last Agent to Sell the Property

Timothy Gavin

Coldwell Banker Realty License #01997312 Listed on: 08/03/2017

Coldwell Banker Realty

Last Buyer's Agent

Karen Parcell

Berkshire Hathaway HomeServices California Properties License #01723411

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,614

Year Built

  • Built in 1941

Lot Details

  • 7,830 Sq Ft Lot
  • Property is zoned LAR1

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,625 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Wood Flooring
  • Laundry closet

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Detached Garage
  • Converted Garage

Pool

  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Cooling System Powered By Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2348-005-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,614

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 1625
  • Stories: 1
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Closet
  • Total Bathrooms: 2.00
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 507.63

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Detached

Utilities

  • Cooling: Air Conditioning, Central, Gas
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2348-005-003
  • Geocode Override: No
  • Lot Size Area: 7830

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2017
Closed on
Sep 13, 2017
Sold by
Lo Ki Properties Inc
Bought by
Lansingh David and Pineda Patricia
Seller's Agent
Timothy Gavin
Coldwell Banker Realty
Buyer's Agent
Karen Parcell
Berkshire Hathaway HomeServices California Properties
List Price
$879,000
Sold Price
$800,000
Premium/Discount to List
-$79,000
-8.99%
Current Estimated Value
$1,330,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$530,366
Avg. Annual Appreciation
6.50%
Original Mortgage
$636,150
Outstanding Balance
$529,379
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$800,987

Purchase Details

Listed on
Feb 1, 2017
Closed on
Mar 30, 2017
Sold by
Lo Ki Properties Inc
Bought by
Lo Ki Properties Inc and Kph Partners Llc
Seller's Agent
Timothy Gavin
Coldwell Banker Realty
Buyer's Agent
Timothy Gavin
Coldwell Banker Realty
List Price
$600,000
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.84%
Original Mortgage
$567,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 1, 2017
Closed on
Feb 7, 2017
Sold by
Lassiter Steven
Bought by
Lo Ki Properties Inc
Seller's Agent
Timothy Gavin
Coldwell Banker Realty
Buyer's Agent
Timothy Gavin
Coldwell Banker Realty
List Price
$600,000
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2002
Sold by
Finlan Gerald C
Bought by
Lassiter Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
10.05%

Purchase Details

Closed on
Mar 24, 1999
Sold by
Goldstein Barry G
Bought by
Finlan Gerald C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,950
Interest Rate
8.5%
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
Lansingh David $800,000 Lawyers Title Company
Lo Ki Properties Inc -- Accommodation
Lo Ki Properties Inc $600,000 Lawyers Title Company
Lassiter Steven $360,000 Fidelity Title
Finlan Gerald C $220,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lansingh David $636,150
Previous Owner Lo Ki Properties Inc $567,000
Previous Owner Lassiter Steven $288,000
Previous Owner Finlan Gerald C $175,950
Closed Finlan Gerald C $43,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2017 10/06/17 Sold $800,000 -3.0% $492 / Sq Ft
08/22/2017 08/22/17 Price Changed $824,900 -6.2% $508 / Sq Ft
08/03/2017 08/03/17 For Sale $879,000 +46.5% $541 / Sq Ft
03/06/2017 03/06/17 Sold $600,000 0.0% $399 / Sq Ft View Prior Sale
02/12/2017 02/12/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $600,000 -- $399 / Sq Ft
Source: The MLS

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 $12,614 $1,034,036 $728,209 $305,827
2024 $12,451 $1,013,762 $713,931 $299,831
2023 $12,209 $993,885 $699,933 $293,952
2022 $11,603 $857,760 $686,209 $171,551
2021 $10,103 $840,942 $672,754 $168,188
2019 $9,799 $816,000 $652,800 $163,200
2018 $9,678 $800,000 $640,000 $160,000
2016 $5,515 $449,244 $295,006 $154,238
2015 $5,435 $442,497 $290,575 $151,922
2014 $5,459 $433,831 $284,884 $148,947
Source: Public Records

Agents Affiliated with this Home

  • Timothy Gavin

    Seller's Agent in 2017

    Timothy Gavin

    Coldwell Banker Realty

    (818) 216-9501

    8 in this area

    104 Total Sales

    Timothy Gavin
    Section Image
  • Karen Parcell

    Buyer's Agent in 2017

    Karen Parcell

    Berkshire Hathaway HomeServices California Properties

    (310) 486-1002

    28 Total Sales

    Karen Parcell
    Section Image
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Map

Source: The MLS

MLS Number: 17-257502

The MLS

APN: 2348-005-003

California Los Angeles County Studio City 91607

5542 Morella Ave, Studio City, CA

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