NOT LISTED FOR SALE

Estimated Value: $1,025,754 - $1,110,000

5 Beds
2.5 Baths
2,533 Sq Ft
$421/Sq Ft Est. Value

Last Sold July 01, 2016

Last sale price $550,000 $217 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $6,416/month

72 Days on Market

Highlights

  • Gated Parking
  • Granite Countertops
  • Neighborhood Views
  • Main Floor Bedroom
  • No HOA
  • Den with Fireplace

About This Home

As of July 2016

This is the perfect fixer located on a quiet, tree-lined canopied street in a coveted Lake Balboa neighborhood. This home needs TLC . Tax records show 6 bedrooms, but it has 5 good sized bedrooms and 3 bathrooms. There is a living room on the bottom floor with a large bay window that looks out onto the front porch and yard. The kitchen has granite counters located right off the living room, formal dining room, and large wood paneled den with a fireplace in the back of the home. For those who don’t want to climb stairs, there are 2 bedrooms and 2 bathrooms on the first floor. Upstairs, you will find 3 more bedrooms, a bathroom, a huge family room with another fireplace and two balconies to sit and enjoy the views. Outside is a large backyard and huge side yard and driveway for an RV, boat or several cars. The garage is behind a large gate and has a huge built in work bench. The door has been removed and the opening has been partially covered by plywood. This is an amazing location close to the Orange Line, Sunday Farmer’s Market, Van Nuys Airport, Lake Balboa, Woodley Park, golf courses, dog park and access to the 101 and 405 freeways.

Last Agent to Sell the Property

Corrine Draper

No Firm Affiliation License #01406052 Listed on: 03/21/2016

Last Buyer's Agent

David Woodruff

Oak Summit Real Estate, Inc. License #01892143

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,829

Year Built

  • Built in 1950

Lot Details

  • 6,226 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • Gated Parking
  • RV Potential

Home Design

  • Additions or Alterations
  • Fixer Upper
  • Raised Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,533 Sq Ft Home
  • Ceiling Fan
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Den with Fireplace
  • Carpet
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Accessible Home Design

  • Ramp on the main level

Outdoor Features

  • Patio
  • Front Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Overhead Utilities

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 177
  • Tax Tract Number 14363
  • Assessor Parcel Number 2231016005

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,829

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: 8182989077
  • Other Phone Number: 8182989077
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Property Condition: Additions/Alterations, Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2231016005
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2533.00
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: Ramp - Main Level
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Dining Room
  • Fireplace Features: Den, Family Room
  • Levels: Two
  • Price Per Square Foot: 217.13
  • Room Type: Den, Family Room, Living Room, Main Floor Bedroom

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Wood
  • Patio And Porch Features: Front Porch, Patio
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area, Outside
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Schools

  • School District: Los Angeles Unified

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Rectangular Lot, Paved, Utilities - Overhead
  • Lot Size Sq Ft: 6226.00
  • Price Per Lot Square Foot: 88.34

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 177
  • Tax Tract Number: 14363

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2016
Sold by
Aguas Shelli Lynn
Bought by
Ih6 Property West Lp
Current Estimated Value
$1,066,189

Purchase Details

Closed on
May 1, 2007
Sold by
Jerome Rayma Jean
Bought by
Jerome Rayma Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
7.46%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 8, 2004
Sold by
Jerome Rayma Jean
Bought by
Jerome Rayma Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2003
Sold by
Jerome Rayma Jean
Bought by
Rayma Jean Jerome Family Revocable Trust

Purchase Details

Closed on
Nov 8, 1993
Sold by
Engelhardt Jeannine J
Bought by
Sollee Elwin R and Jerome Rayma Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
8.75%
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
Ih6 Property West Lp $550,000 North American Title Company
Jerome Rayma Jean -- North American Title 935-01
Jerome Rayma Jean -- United Title Company Orange
Rayma Jean Jerome Family Revocable Trust -- None Available
Sollee Elwin R -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jerome Rayma Jean $710,000
Previous Owner Jerome Rayma Jean $210,000
Previous Owner Jerome Rayma Jean $168,000
Previous Owner Sollee Elwin R $77,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2016 07/01/16 Sold $550,000 -12.0% $217 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $625,000 -- $247 / 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 $7,829 $638,314 $459,587 $178,727
2024 $7,829 $625,799 $450,576 $175,223
2023 $7,680 $613,530 $441,742 $171,788
2022 $7,324 $601,501 $433,081 $168,420
2021 $7,225 $589,708 $424,590 $165,118
2019 $7,010 $572,219 $411,998 $160,221
2018 $6,941 $561,000 $403,920 $157,080
2016 $1,810 $135,914 $22,755 $113,159
2015 $1,786 $133,874 $22,414 $111,460
2014 $1,801 $131,252 $21,975 $109,277
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16058412

California Regional Multiple Listing Service (CRMLS)

APN: 2231-016-005