NOT LISTED FOR SALE

7218 Balcom Ave Reseda, CA 91335

Estimated Value: $672,458 - $951,000

1 Bed
1 Bath
608 Sq Ft
$1,402/Sq Ft Est. Value

Last Sold April 24, 2019

Last sale price $452,000 $743 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $5,527/month

8 Days on Market

Highlights

  • No HOA
  • Central Air
  • 5-minute walk to Jesse Owens Park
  • Living Room
  • 1-Story Property

About This Home

As of April 2019

Investors special! Land value only, must be all cash sale! Adjacent to commercial property on a 10,304 sq ft lot! Opportunity knocks dont miss out on the rare opportunity to buy in the middle of the valley with so much upside. Great access, street and alley. Owned by the same family for decades, hurry to this opportunity! Huge level lot!

Last Agent to Sell the Property

Chris Williams

RE/MAX One License #00688014 Listed on: 03/22/2019

RE/MAX One

Last Buyer's Agent

Chris Williams

RE/MAX One License #00688014 Listed on: 03/22/2019

RE/MAX One

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,178

Year Built

  • Built in 1949

Lot Details

  • 10,304 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • 1 Car Garage

Interior Spaces

  • 608 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 8789
  • Assessor Parcel Number 2121014008

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,178

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2121014008
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 608.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 743.42
  • Room Type: Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10304.00
  • Lot Size Acres: 0.2365

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10304.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1318.00
  • Tax Lot: 8
  • Tax Tract Number: 8789

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2019
Closed on
Apr 4, 2019
Sold by
Solomonian Aram and Kent David
Bought by
Bianca Llc
Seller's Agent
Chris Williams
RE/MAX One
Buyer's Agent
Chris Williams
RE/MAX One
List Price
$399,000
Sold Price
$452,000
Premium/Discount to List
$53,000
13.28%
Total Days on Market
8
Current Estimated Value
$852,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,365
Avg. Annual Appreciation
10.10%
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 Buyer Sale Price Title Company
Bianca Llc $452,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bianca Llc $459,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2019 04/24/19 Sold $452,000 +13.3% $743 / Sq Ft
03/30/2019 03/30/19 Pending -- -- --
03/22/2019 03/22/19 For Sale $399,000 -- $656 / 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 $9,178 $724,619 $395,462 $329,157
2023 $9,005 $710,411 $387,708 $322,703
2022 $8,596 $696,482 $380,106 $316,376
2021 $8,498 $682,826 $372,653 $310,173
2019 $1,308 $342,605 $205,779 $136,826
2018 $4,255 $335,889 $201,745 $134,144
2016 $742 $43,446 $27,521 $15,925
2015 $735 $42,794 $27,108 $15,686
2014 $749 $41,956 $26,577 $15,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19064893

California Regional Multiple Listing Service (CRMLS)

APN: 2121-014-008