NOT LISTED FOR SALE

7031 Aldea Ave van Nuys, CA 91406

Lake Balboa Neighborhood

Estimated Value: $972,564 - $1,133,000

4 Beds
2.5 Baths
1,988 Sq Ft
$529/Sq Ft Est. Value

Last Sold August 17, 2018

Last sale price $690,000 $347 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,508/month

4 Days on Market

Highlights

  • Detached Guest House
  • Living Room with Fireplace
  • No HOA
  • Room in yard for a pool
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of August 2018

Located on a tree-lined street in prime Lake Balboa sits this gorgeous Traditional Ranch home that has been ushered into the modern era with updates throughout. Once past a symphony of color provided by an eco-friendly landscape, parquet floors open to a living room + fireplace and sliding doors, leading to a vine-covered trellis & patio beyond - perfect for entertaining or just soaking in the breeze! A bright & open chef's kitchen with gleaming white cabinets + tons of counter space blends with a dining room w/floor-to-ceiling windows, wainscoting & a built-in china cabinet. Three bedrooms + 2 baths, including a master, are neatly tucked away for privacy, whilst a detached guest suite w/fireplace & powder room is perfect for extended family, or use as an office/gym. Two-car garage, central HVAC & close proximity to schools, shopping and recreational facilities make this charmer a must see! Buyer to do their own verification and due diligence on square footage, permits, et al.

Last Agent to Sell the Property

Peter Lorimer

PLG Estates License #01479846 Listed on: 07/14/2018

Last Buyer's Agent

Justin Bonney

License #01338897

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,340

Year Built

  • Built in 1956

Lot Details

  • 6,839 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • 2 Car Garage

Interior Spaces

  • 1,988 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Room in yard for a pool
  • Covered Patio or Porch

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2227-033-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,340

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1988
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 1
  • Year Built: 1956
  • Number Of Photos: 52
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Hardwood, Stone, Tile
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: In Kitchen
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 326.96

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 2227-033-019
  • Geocode Override: No
  • Lot Size Area: 6839

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2025
Sold by
Spellman Deborah and Deborah Yaker-Spellman Revocable Trust
Bought by
Deborah Beth Yaker Revocable Living Trust and Yaker
Current Estimated Value
$1,051,641

Purchase Details

Closed on
Aug 18, 2019
Sold by
Spellman Deborah
Bought by
Spellman Deborah and Deborah Yaker Spellman Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2019
Sold by
Spellman Deborah and Spellman Deborah Yaker
Bought by
Spellman Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 14, 2018
Closed on
Aug 5, 2018
Sold by
Richmond Matthew T
Bought by
Spellman Deborah and Deborah Yaker Speliman Revocable Trust
Seller's Agent
Peter Lorimer
PLG Estates
Buyer's Agent
Justin Bonney
List Price
$650,000
Sold Price
$690,000
Premium/Discount to List
$40,000
6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$600,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 7, 2016
Closed on
Mar 22, 2016
Sold by
Goldstein Howard
Bought by
Richmond Matthew T and Richmond Danielle M
Seller's Agent
Melody Cutler
Park Regency Realty
Buyer's Agent
Out Of Area Southland
SOUTHLAND
List Price
$625,000
Sold Price
$575,000
Premium/Discount to List
-$50,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%
Original Mortgage
$517,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2003
Sold by
Goldstein Howard and Goldstein Susan
Bought by
Goldstein Howard
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
Deborah Beth Yaker Revocable Living Trust -- None Listed On Document
Spellman Deborah -- None Available
Spellman Deborah -- Progressive Title
Spellman Deborah $690,000 First American Title Company
Richmond Matthew T $575,000 Lawyers Title
Goldstein Howard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spellman Deborah $615,000
Previous Owner Spellman Deborah $605,000
Previous Owner Spellman Deborah $600,000
Previous Owner Richmond Matthew T $517,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Sold $690,000 +6.2% $347 / Sq Ft
07/14/2018 07/14/18 For Sale $650,000 +13.0% $327 / Sq Ft
04/15/2016 04/15/16 Sold $575,000 -8.0% $349 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $625,000 -- $379 / 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 $9,340 $769,703 $615,652 $154,051
2024 $9,340 $754,612 $603,581 $151,031
2023 $9,160 $739,817 $591,747 $148,070
2022 $8,734 $725,312 $580,145 $145,167
2021 $8,625 $711,091 $568,770 $142,321
2019 $8,367 $690,000 $551,900 $138,100
2018 $7,341 $598,229 $458,504 $139,725
2016 $1,338 $105,990 $46,573 $59,417
2015 $1,319 $104,399 $45,874 $58,525
2014 $1,331 $102,355 $44,976 $57,379
Source: Public Records

Agents Affiliated with this Home

  • Peter Lorimer

    Seller's Agent in 2018

    Peter Lorimer

    PLG Estates

    (310) 666-7386

    1 in this area

    168 Total Sales

    Peter Lorimer
    Section Image
  • Justin Bonney

    Buyer's Agent in 2018

    Justin Bonney

    (818) 697-4884

    19 in this area

    95 Total Sales

    Justin Bonney
    Section Image
  • Melody Cutler

    Seller's Agent in 2016

    Melody Cutler

    Park Regency Realty

    (818) 831-2206

    12 in this area

    21 Total Sales

    Melody Cutler
    Section Image

  • O

    Buyer's Agent in 2016

    Out Of Area Southland

    SOUTHLAND

  • N

    Buyer's Agent in 2016

    NoEmail NoEmail

    SOUTHLAND

    Section Image
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Map

Source: The MLS

MLS Number: 18-365008

The MLS

APN: 2227-033-019

California Los Angeles County Van Nuys 91406 Lake Balboa

7031 Aldea Ave, Van Nuys, CA

This home is located at 7031 Aldea Ave, van Nuys, CA 91406 since 14 July 2018 and is currently estimated at $1,051,641, approximately $528 per square foot. This property was built in 1956. 7031 Aldea Ave is a home located in Los Angeles County with nearby schools including Gault Street Elementary School, William Mulholland Middle, and Birmingham Community Charter High.

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