NOT LISTED FOR SALE

7100 Balboa Blvd Unit 405 Van Nuys, CA 91406

Lake Balboa Neighborhood

Estimated Value: $646,000 - $706,000

3 Beds
2.5 Baths
1,641 Sq Ft
$408/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $690,000 $420 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,500/month

11 Days on Market

Highlights

  • In Ground Pool
  • 3.43 Acre Lot
  • High Ceiling
  • Gated Community
  • Wood Flooring
  • Pool View

About This Home

As of May 2024

Stunning townhome in the desirable Lake Balboa gated community, conveniently located just northwest of the 405 and 101 freeways. Offering one of the largest floor plans in the area, step inside to discover a thoughtfully designed layout in a unit at the heart of the community, with the swimming pool and spa area right at your doorstep. The spacious living room boasts high ceilings and a brick corner gas fireplace, with a private outside patio to relax on. The second level opens into a versatile space that can be used as a formal dining room or a cozy family room. Entertain guests with a convenient wet bar adjacent to the kitchen that boasts tumble stone tile counters and a newer range with a double oven. A charming breakfast nook is accompanied by a balcony for enjoying your morning coffee. Before heading up to the top level, don't miss the convenient guest bathroom. The top-level primary suite boasts vaulted ceilings, and spacious closets with mirrored doors. Primary bath features dual sinks and a large soaking tub. Additionally, the two secondary bedrooms have been combined into one, creating a spacious bedroom with dual closets (tax assessor states 3 bedrooms). On this top level, you'll also find a laundry room with side-by-side washer and dryer, a hall bathroom with shower, and a linen closet with more storage. This home is designed with your convenience in mind, boasting an attached direct access 2-car garage with ample shelving. There is wood flooring throughout the unit, with smooth ceilings and great natural light all afternoon. With easy access to dining and shopping, schedule time to see this home ASAP!

Last Agent to Sell the Property

Ken Melcombe

Sotheby's International Realty License #01115489 Listed on: 03/25/2024

Last Buyer's Agent

Timothy Benoit

Keller Williams Realty World Media Center License #01929882

Keller Williams Realty World Media Center

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,627

Year Built

  • Built in 1980

Lot Details

  • Two or More Common Walls
  • East Facing Home
  • Wood Fence

HOA Fees

  • $552 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener
  • Guest Parking

Interior Spaces

  • 1,641 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Pool Views

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Converted Bedroom
  • Tile Bathroom Countertop
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Pool

  • In Ground Pool
  • Gunite Pool
  • Spa

Outdoor Features

  • Concrete Porch or Patio

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 35450
  • Assessor Parcel Number 2225020050
  • $255 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 62 Units
  • Balboa Townhomes Association, Phone Number (818) 436-7570
  • Icon Realty HOA
  • Maintained Community

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,627

Year Built

Built in 1980

Lot Details

0

HOA Fees

$552 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Range
  • Property Attached: Yes
  • Security: Gated Community
  • View: Yes
  • Zoning: LARD2
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 2225020050
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1641.00 Square Feet
  • Interior Amenities: High Ceilings, Tile Counters
  • Stories: 3
  • Entry Location: LR
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 420.48
  • Room Type: All Bedrooms Up, Converted Bedroom, Kitchen, Laundry, Living Room
  • Spa Features: Association, Community
  • Bathroom Features: Bathtub, Shower, Exhaust Fan(s), Tile Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • View: Pool
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Concrete, Patio
  • Pool Features: Association, Community, Gunite, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Door Opener, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Central
  • Laundry Features: Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Phone Extension: 4158
  • Amenities: Pool, Spa/Hot Tub, Earthquake Insurance, Insurance, Maintenance Grounds, Trash, Sewer, Water, Pet Rules
  • Association Fee: 552.00
  • Association Fee Frequency: Monthly
  • Association Name: Balboa Townhomes
  • Phone: 818-436-7570
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs
  • Association Management: Icon Realty

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 149411.00
  • Lot Size Acres: 3.4300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 149411.0000 Square Feet
  • Number Of Units In Community: 62
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1321.02
  • Tax Lot: 1
  • Tax Tract Number: 35450
  • TaxOtherAnnualAssessmentAmount: 255.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2024
Closed on
May 17, 2024
Sold by
Victoria G Nicholas Living Trust and Nicholas Victoria G
Bought by
Pallotta Michael and Pallotta Danielle
Seller's Agent
Ken Melcombe
Sotheby's International Realty
Buyer's Agent
Timothy Benoit
Keller Williams Realty World Media Center
List Price
$680,000
Sold Price
$690,000
Premium/Discount to List
$10,000
1.47%
Views
41
Current Estimated Value
$669,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,756
Avg. Annual Appreciation
-2.39%
Original Mortgage
$570,000
Outstanding Balance
$563,047
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$106,197

Purchase Details

Closed on
Mar 7, 2017
Sold by
Nicholas Victoria G
Bought by
Nicholas Victoria G and Victoria G Nicholas Living Trust

Purchase Details

Closed on
Feb 21, 2012
Sold by
Nicholas Victoria G and Hallagan Reina E
Bought by
Nicholas Victoria G and Hallagan Reina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2007
Sold by
Nicholas Victoria G and Hallagan Reina E
Bought by
Nicholas Victoria G

Purchase Details

Closed on
Mar 22, 2007
Sold by
Nicholas Victoria G and Hallagan Reina E
Bought by
Nicholas Victoria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2006
Sold by
Nicholas Victoria G and Hallagan Reina E
Bought by
Nicholas Victoria G

Purchase Details

Closed on
Apr 11, 2001
Sold by
Rumack Alissa L and Levisohn Alissa
Bought by
Nicholas Victoria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
7.15%

Purchase Details

Closed on
Oct 19, 2000
Sold by
Rumack Michael Robert
Bought by
Levisohn Alissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
7.89%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 6, 1998
Sold by
Moore William
Bought by
Levisohn Alissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.18%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 19, 1995
Sold by
Mccarthy John L and Mccarthy Flora M
Bought by
Moore William and Levisohn Alissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,800
Interest Rate
7.58%
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
Pallotta Michael $690,000 Old Republic Title Company
Nicholas Victoria G -- None Available
Nicholas Victoria G -- None Available
Nicholas Victoria G -- First American Title Company
Nicholas Victoria G -- First American Title Company
Nicholas Victoria G -- None Available
Nicholas Victoria G -- California Title Company
Nicholas Victoria G -- None Available
Nicholas Victoria G $195,000 Chicago Title
Levisohn Alissa -- Fidelity National Title Co
Levisohn Alissa -- First American Title Ins Co
Moore William $104,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pallotta Michael $570,000
Previous Owner Nicholas Victoria G $630,000
Previous Owner Nicholas Victoria G $211,000
Previous Owner Nicholas Victoria G $216,000
Previous Owner Nicholas Victoria G $212,000
Previous Owner Nicholas Victoria G $177,000
Previous Owner Nicholas Victoria G $175,500
Previous Owner Levisohn Alissa $32,000
Previous Owner Levisohn Alissa $96,000
Previous Owner Levisohn Alissa $12,000
Previous Owner Moore William $98,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $690,000 +1.5% $420 / Sq Ft
03/25/2024 03/25/24 For Sale $680,000 -- $414 / 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 $3,627 $703,800 $460,530 $243,270
2024 $3,627 $288,050 $57,601 $230,449
2023 $3,558 $282,403 $56,472 $225,931
2022 $3,394 $276,866 $55,365 $221,501
2021 $3,344 $271,438 $54,280 $217,158
2019 $3,244 $263,389 $52,671 $210,718
2018 $3,203 $258,226 $51,639 $206,587
2016 $3,045 $248,201 $49,635 $198,566
2015 $3,001 $244,474 $48,890 $195,584
2014 $3,015 $239,686 $47,933 $191,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24059630

California Regional Multiple Listing Service (CRMLS)

APN: 2225-020-050