$720,000
SOLD OCT 2, 2024
2 Beds
2 Baths
1,460 Sq Ft
5,917 Sq Ft Lot

Recently Sold

$493 Per Sq Ft

6% Above List Price

6 Days on Market

Highlights

  • Gated Parking
  • Wood Flooring
  • Covered patio or porch
  • Property is near a park
  • No HOA
  • Beamed Ceilings

About This Home

As of December 2024

ATTENTION all builders, developers, flippers, investors and end user home buyers. This is the ONE you’ve BEEN WAITING FOR!!! Cosmetic Fixer single story located in a wonderful Lake Balboa pocket - the opportunities are endless to either Renovate, Reconfigure, add SQFT or even potentially tear down and BUILD your DREAM HOME. This charmer is highlighted by 2 bedrooms, 2 bathrooms, almost 1,500 SQFT of living space on a nice 5,899 SQFT lot with a long gated driveway, and a detached 2 car garage, which makes for a possible ADU option. Interior has smooth ceilings, hardwood flooring under the carpeting, a cozy step-down family room with fireplace and beautiful wood beamed ceilings, plus an eat-in kitchen that’s filled with tons of natural light, built-in appliances and a convenient indoor laundry room. Both bedrooms are ample sized with potential expansion opportunity. The rear yard is a blank canvas just awaiting your imagination, and currently boasts a covered patio, fruit tree and block walls. Located within minutes to schools, Lake Balboa recreation area and dog park, Van Nuys and Woodley Lakes golf course, shopping and with easy access to major freeways and the Metrolink Orange line, this fabulous home is waiting to be yours – at this great price, it won’t last long!

Last Agent to Sell the Property

Stacy McKinley

RE/MAX One Brokerage Email: stacy@maxoneproperties.com License #01246475 Listed on: 09/03/2024

RE/MAX One

Last Buyer's Agent

Tamara Tambe

Pinnacle Estate Properties, Inc. License #01793556

Pinnacle Estate Properties, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,955

Year Built

  • Built in 1955

Lot Details

  • 5,917 Sq Ft Lot
  • Block Wall Fence
  • Level Lot
  • Back and Front Yard
  • Property is zoned LAR1

Parking

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

Home Design

  • Cosmetic Repairs Needed

Interior Spaces

  • 1,460 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Family Room with Fireplace
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Cooktop
  • <<microwave>>
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating
  • Water Heater

Additional Features

  • Covered patio or porch
  • Property is near a park

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 20051
  • Assessor Parcel Number 2225021003
  • $272 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,955

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: Stacy McKinley
  • Other Phone Number: 818-326-680
  • Property Attached: No
  • Security: Smoke Detector(s)
  • View: No
  • Zoning: LAR1
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2225021003
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1460.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s)
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 493.15
  • Room Type: Family Room, Kitchen, Laundry, Living Room

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Concrete, Covered
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop, Microwave, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street, Park Nearby
  • Lot Size Sq Ft: 5917.00
  • Lot Size Acres: 0.1358

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5917.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1321.02
  • Tax Lot: 3
  • Tax Tract Number: 20051
  • TaxOtherAnnualAssessmentAmount: 272.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2024
Closed on
Dec 17, 2024
Sold by
Rmre 524 Group Llc
Bought by
Olivier Family Trust and Olivier
Seller's Agent
Tamara Tambe
Pinnacle Estate Properties, Inc.
Buyer's Agent
Stephen McAlpin
Sotheby's International Realty
List Price
$999,999
Sold Price
$1,043,000
Premium/Discount to List
$43,001
4.3%
Views
26
Current Estimated Value
$983,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$59,584
Avg. Annual Appreciation
-9.81%
Original Mortgage
$730,100
Outstanding Balance
$728,090
Interest Rate
6.45%
Mortgage Type
New Conventional
Estimated Equity
$255,326

Purchase Details

Listed on
Sep 3, 2024
Closed on
Sep 16, 2024
Sold by
Collins Gregory Frederick
Bought by
Collins Dorothy
Seller's Agent
Stacy McKinley
RE/MAX One
Buyer's Agent
Tamara Tambe
Pinnacle Estate Properties, Inc.
List Price
$680,000
Sold Price
$720,000
Premium/Discount to List
$40,000
5.88%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
439.01%
Original Mortgage
$600,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2024
Closed on
Sep 11, 2024
Sold by
Smith Collins Dorothy
Bought by
Rmre 524 Group Llc
Seller's Agent
Stacy McKinley
RE/MAX One
Buyer's Agent
Tamara Tambe
Pinnacle Estate Properties, Inc.
List Price
$680,000
Sold Price
$720,000
Premium/Discount to List
$40,000
5.88%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2012
Sold by
Smith Eileen
Bought by
Smith Thomas E and Collins Dorothy
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,043,000 Orange Coast Title Company
Quit Claim Deed -- Orange Coast Title Company
Grant Deed $720,000 Orange Coast Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $730,100 New Conventional
Previous Owner $600,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $1,043,000 +4.3% $714 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $999,999 +38.9% $685 / Sq Ft
10/02/2024 10/02/24 Sold $720,000 +5.9% $493 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $680,000 -- $466 / 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
2024 $4,955 $390,350 $233,964 $156,386
2023 $4,863 $382,697 $229,377 $153,320
2022 $4,640 $375,194 $224,880 $150,314
2021 $4,578 $367,838 $220,471 $147,367
2019 $4,444 $356,930 $213,933 $142,997
2018 $4,352 $349,933 $209,739 $140,194
2016 $4,150 $336,347 $201,596 $134,751
2015 $4,090 $331,295 $198,568 $132,727
2014 $4,111 $324,807 $194,679 $130,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24182628

California Regional Multiple Listing Service (CRMLS)

APN: 2225-021-003