NOT LISTED FOR SALE

7037 Rhea Ave Reseda, CA 91335

Estimated Value: $716,000 - $809,000

2 Beds
1 Bath
1,289 Sq Ft
$608/Sq Ft Est. Value

Last Sold November 09, 2020

Last sale price $550,000 $427 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,867/month

7 Days on Market

Highlights

  • View of Trees or Woods
  • Tile Flooring
  • 1-Story Property
  • No HOA
  • Central Heating and Cooling System

About This Home

As of November 2020

Say hello to what is arguably the best deal in Reseda for a single family residence. Priced to sell, this home will not last long on the market. It is in good condition with a 5 yr old roof and updated plumbing and electrical. It also has central heat and air and a very large back yard. On top of all that, the attached 230 sq ft garage is an opportunity to either convert it into a master suite, or an ADU. Either of these things are possible due to their being plenty of parking on the property over and above the garage (buyer to do own due diligence on this.) But, with or without those upgrades, you have a fantastic deal on a 2 bed home just under 1300 sq ft for under $500,000

Last Agent to Sell the Property

Ken Shapiro

Silverwood Properties License #01715663 Listed on: 09/29/2020

Co-Listed By

Kathryn Courtney

Silverwood Properties License #02039887

Last Buyer's Agent

Orna Saghian

Pinnacle Estate Properties, Inc. License #01957148

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,154

Year Built

  • Built in 1952

Lot Details

  • 6,742 Sq Ft Lot
  • Lot Dimensions are 50x135
  • Property is zoned LAR1

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage
  • Driveway

Interior Spaces

  • 1,289 Sq Ft Home
  • 1-Story Property
  • Views of Woods

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2126-012-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,154

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Living Area: 1289
  • Lot Acreage: 0.1548
  • Lot Dimensions: 50x135
  • Stories: 1
  • Year Built: 1952
  • Number Of Photos: 35
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Hood Fan, Range/Oven
  • Price Per S Q F T: 387.12

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 4
  • Parking Garage: Garage - 1 Car, Driveway
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2126-012-006
  • Lot Size Area: 6742

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2020
Closed on
Oct 13, 2020
Sold by
Morse David Gradon and Morse Carol Armer
Bought by
Mehr Masoud Shahedi
Seller's Agent
Ken Shapiro
Silverwood Properties
Buyer's Agent
Orna Saghian
Pinnacle Estate Properties, Inc.
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%
Current Estimated Value
$783,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,837
Avg. Annual Appreciation
7.21%
Original Mortgage
$300,000
Outstanding Balance
$268,037
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$499,819

Purchase Details

Closed on
Nov 15, 2017
Sold by
Morse David Gradon
Bought by
Morse David Gradon and Morse Carol Armer

Purchase Details

Closed on
Aug 18, 2015
Sold by
Morse Carol
Bought by
Morse David

Purchase Details

Closed on
May 16, 2007
Sold by
Rumph Stephen
Bought by
Vogt Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,675
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 20, 2007
Sold by
Smith Marty
Bought by
Vogt Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,750
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 5, 2000
Sold by
Krussow Richard A
Bought by
Smith Marty and Smith Terri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,593
Interest Rate
7.89%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mehr Masoud Shahedi $550,000 Old Republic Title Company
Morse David Gradon -- None Available
Morse David Gradon -- None Available
Morse David -- Lawyers Title
Morse David $365,000 Lawyers Title
Vogt Dorothy -- Old Republic
Vogt Dorothy $427,000 Old Republic
Smith Marty $172,000 California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehr Masoud Shahedi $300,000
Previous Owner Vogt Dorothy $74,675
Previous Owner Vogt Dorothy $42,750
Previous Owner Vogt Dorothy $342,000
Previous Owner Smith Marty $220,000
Previous Owner Smith Marty $100,000
Previous Owner Smith Marty $44,700
Previous Owner Smith Marty $220,800
Previous Owner Smith Marty $193,600
Previous Owner Smith Marty $176,000
Previous Owner Smith Marty $8,000
Previous Owner Smith Marty $170,593
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2020 11/09/20 Sold $550,000 0.0% $427 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
09/30/2020 09/30/20 Off Market $550,000 -- --
09/29/2020 09/29/20 For Sale $499,000 +34.9% $387 / Sq Ft
02/06/2016 02/06/16 Sold $370,000 0.0% $287 / Sq Ft
10/27/2015 10/27/15 Pending -- -- --
02/06/2015 02/06/15 For Sale $370,000 -- $287 / 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 $7,154 $595,335 $476,269 $119,066
2024 $7,154 $583,663 $466,931 $116,732
2023 $7,015 $572,220 $457,776 $114,444
2022 $6,687 $561,000 $448,800 $112,200
2021 $6,684 $550,000 $440,000 $110,000
2019 $4,766 $387,338 $309,871 $77,467
2018 $4,707 $379,745 $303,796 $75,949
2017 $4,603 $372,300 $297,840 $74,460
2016 $4,945 $403,000 $241,000 $162,000
2015 $4,540 $369,000 $221,000 $148,000
2014 $4,431 $351,000 $210,000 $141,000
Source: Public Records

Agents Affiliated with this Home

  • Ken Shapiro

    Seller's Agent in 2020

    Ken Shapiro

    Silverwood Properties

    (805) 415-8602

    1 in this area

    51 Total Sales

    Ken Shapiro
    Section Image

  • K

    Seller Co-Listing Agent in 2020

    Kathryn Courtney

    Silverwood Properties

    (323) 434-4147

    1 in this area

    4 Total Sales

    Kathryn Courtney
    Section Image

  • O

    Buyer's Agent in 2020

    Orna Saghian

    Pinnacle Estate Properties, Inc.

  • J

    Seller's Agent in 2016

    Jagg Rumph

    No Firm Affiliation

See All Agents

Map

Source: The MLS

MLS Number: 20-639462

The MLS

APN: 2126-012-006

California Los Angeles County Reseda 91335

7037 Rhea Ave, Reseda, CA

This home is located at 7037 Rhea Ave, Reseda, CA 91335 since 29 September 2020 and is currently estimated at $783,837, approximately $608 per square foot. This property was built in 1952. 7037 Rhea Ave is a home located in Los Angeles County with nearby schools including Reseda Elementary School, William Mulholland Middle, and Magnolia Science Academy.

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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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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