NOT LISTED FOR SALE

7038 Forbes Ave van Nuys, CA 91406

Estimated Value: $988,000 - $1,338,000

2 Beds
1 Bath
1,000 Sq Ft
$1,139/Sq Ft Est. Value

Last Sold July 09, 2014

Last sale price $285,000 $285 Per Sq Ft

Est. 300% increase in value since last sale

Current estimated payment $6,717/month

198 Days on Market

Highlights

  • Spanish Architecture
  • Living Room
  • Tile Flooring
  • Enclosed Patio or Porch
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of July 2014

Short Sale. Pre-approved list price by lender. Beutiful Spanish style home. 2 bedrooms 1 bath. Very nicely done on a huge lot! Ideal for someone who wants to add to it and improve it. FHA or FHA 203K ready! 2 liens same lender. Very experienced short sale team. Bring all buyers. Priced aggressively to move fast. Buyers must be pre-qualified with seller's lender of choice see private remarks.

Last Agent to Sell the Property

Ron Escobar

eXp Realty of California Inc License #01460645 Listed on: 07/11/2012

eXp Realty of California Inc

Last Buyer's Agent

Maria Provenzano

Avenue Homes License #01783347

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1926

Lot Details

  • 8,120 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • Garage

Home Design

  • Spanish Architecture
  • Shingle Roof

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Family Room
  • Living Room
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 2225-016-026

Home Details

Home Type

Single Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 1000
  • Stories: 1
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: 12

Interior Features

  • Fireplace Rooms: Gas
  • Flooring: Tile
  • Bedrooms: 2
  • Fireplaces: 1
  • Laundry: Inside
  • Total Bathrooms: 1.00
  • Fireplace: Yes
  • Price Per S Q F T: 253.50

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Shingle
  • View: No

Garage/Parking

  • Parking Garage: Garage

Utilities

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

Lot Info

  • Horses: No
  • Assessor Parcel Number: 2225-016-026
  • Lot Size Area: 8120

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2012
Closed on
Sep 5, 2014
Sold by
Venice Plaza Llc
Bought by
Leiva Elia Rosa Mercado
Seller's Agent
Ron Escobar
eXp Realty of California Inc
Buyer's Agent
Maria Provenzano
Avenue Homes
List Price
$275,000
Sold Price
$285,000
Premium/Discount to List
$10,000
3.64%
Current Estimated Value
$1,138,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$853,633
Avg. Annual Appreciation
12.66%
Original Mortgage
$312,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2012
Closed on
Jul 3, 2014
Sold by
California Housing Fund Inc
Bought by
Venice Plaza Llc
Seller's Agent
Ron Escobar
eXp Realty of California Inc
Buyer's Agent
Maria Provenzano
Avenue Homes
List Price
$275,000
Sold Price
$285,000
Premium/Discount to List
$10,000
3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 11, 2012
Closed on
Jul 2, 2014
Sold by
Gonzalez Jeanette
Bought by
California Housing Fund Corporation
Seller's Agent
Ron Escobar
eXp Realty of California Inc
Buyer's Agent
Maria Provenzano
Avenue Homes
List Price
$275,000
Sold Price
$285,000
Premium/Discount to List
$10,000
3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2007
Sold by
Woods Naowarat
Bought by
Woods Arthur R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 17, 2007
Sold by
Woods Arthur R
Bought by
Gonzalez Jeanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 24, 2002
Sold by
Webber Phillip
Bought by
Woods Arthur R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.22%

Purchase Details

Closed on
Jun 7, 2001
Sold by
Woods Arthur Randall
Bought by
Webber Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.09%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Leiva Elia Rosa Mercado $390,000 Lawyers Title
Venice Plaza Llc -- Accommodation
California Housing Fund Corporation $285,000 Lawyers Title
Woods Arthur R -- Fidelity
Gonzalez Jeanette $450,000 Fidelity National Title
Woods Arthur R $215,000 Fidelity National Title
Webber Phillip -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leiva Elia Rosa Mercado $312,000
Previous Owner California Housing Fund Corporation $385,000
Previous Owner Woods Arthur R $45,000
Previous Owner Gonzalez Jeanette $360,000
Previous Owner Woods Arthur R $172,000
Previous Owner Webber Phillip $171,000
Closed Woods Arthur R $21,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2014 07/09/14 Sold $285,000 +12.4% $285 / Sq Ft
03/06/2013 03/06/13 Price Changed $253,500 -7.8% $254 / Sq Ft
01/25/2013 01/25/13 Pending -- -- --
01/23/2013 01/23/13 For Sale $275,000 0.0% $275 / Sq Ft
07/13/2012 07/13/12 Pending -- -- --
07/11/2012 07/11/12 For Sale $275,000 -- $275 / Sq Ft
Source: The MLS

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 $9,650 $787,863 $468,716 $319,147
2024 $9,650 $772,416 $459,526 $312,890
2023 $9,466 $757,271 $450,516 $306,755
2022 $9,029 $742,424 $441,683 $300,741
2021 $8,912 $727,868 $433,023 $294,845
2019 $8,648 $706,280 $420,180 $286,100
2018 $8,519 $692,433 $411,942 $280,491
2016 $4,805 $395,947 $395,947 $0
2015 $4,790 $390,000 $312,000 $78,000
2014 $4,821 $390,000 $331,100 $58,900
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Ron Escobar

    eXp Realty of California Inc

    Section Image
  • Maria Provenzano

    Buyer's Agent in 2014

    Maria Provenzano

    Avenue Homes

    (818) 442-4183

    1 in this area

    11 Total Sales

    Maria Provenzano
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 12-612061

The MLS

APN: 2225-016-026

California Los Angeles County Van Nuys 91406

7038 Forbes Ave, Van Nuys, CA

Not Listed for Sale

Detached

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 © 2026 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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.