NOT LISTED FOR SALE

7231 Ostrom Ave van Nuys, CA 91406

Estimated Value: $990,000 - $1,118,000

3 Beds
2 Baths
1,770 Sq Ft
$584/Sq Ft Est. Value

Last Sold March 20, 2015

Last sale price $545,000 $308 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,138/month

5 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • No HOA
  • Contemporary Architecture
  • Granite Countertops
  • Family Room Off Kitchen

About This Home

As of March 2015

This is a flip property. THE PROPERTY COMPLETELY REMODELED AND IS LOCATED ON A QUIET TREE LINED STREET AND OFFERS THE PERFECT OPEN FLOOR PLAN. THIS CONTEMPORARY STYLE HOME HAS 3 BEDROOMS AND 2 BATHS. THE LOT IS 7067 SF AND THE LIVING ARE IS 1770 SF. NEW KITCHEN WITH CUSTOM CABINETS, GRANITE COUNTERTOPS AND STAINLESS APPLICANCES. INTERIOR HAS BEEN RE-DONE WITH NEW FLOORING, LIGHT FIXTURES AND RECESSED LIGHTS THOUGHOUT. SPACIOUS BACKYARD WITH VEGETABLE GARDEN AND LAWN. NEW GARAGE DOOR OPENER.DUAL PANE WINDOWS, AND NEW PAINT AND PANELING. FIREPLACES IN LIVING ROOM AND FAMILY ROOM.

Last Agent to Sell the Property

Tri Lam

Home Finder Realty License #01141513 Listed on: 02/06/2015

Last Buyer's Agent

Fernando Garcia

Park Regency Realty License #01252830

Park Regency Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956

Lot Details

  • 7,067 Sq Ft Lot
  • Block Wall Fence
  • Landscaped
  • Front Yard Sprinklers
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Attached Garage
  • Attached Carport
  • Parking Available

Home Design

  • Contemporary Architecture
  • Raised Foundation
  • Fire Rated Drywall
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,770 Sq Ft Home
  • Open Floorplan
  • French Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Six Burner Stove
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Rear Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 625
  • Tax Tract Number 1319
  • Assessor Parcel Number 2227016020

Home Details

Home Type

Single Family

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2227016020
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1770.00
  • Interior Amenities: Granite Counters, Open Floorplan
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Eating Area: Family Kitchen
  • Fireplace Features: Family Room, Living Room
  • Levels: One
  • Price Per Square Foot: 307.91
  • Room Type: Family Room, Living Room

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Rear Porch
  • Pool Private: No
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Common Area
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Sprinklers In Front
  • Lot Size Sq Ft: 7067.00
  • Lot Size Acres: 0.1620

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7067.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 625
  • Tax Tract Number: 1319.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2015
Closed on
Mar 18, 2015
Sold by
Nguyen Ninhchau
Bought by
Carr Michael Dennis and Canasi Brittany Marie
Seller's Agent
Tri Lam
Home Finder Realty
Buyer's Agent
Fernando Garcia
Park Regency Realty
List Price
$499,000
Sold Price
$545,000
Premium/Discount to List
$46,000
9.22%
Current Estimated Value
$1,033,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$488,514
Avg. Annual Appreciation
6.09%
Original Mortgage
$436,000
Outstanding Balance
$331,210
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$702,304

Purchase Details

Closed on
Nov 6, 2014
Sold by
Morris Troy
Bought by
Nguyen Ninhchau

Purchase Details

Closed on
Aug 17, 2000
Sold by
Luberto Albert A
Bought by
Morris Troy and Morris Shelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
10.25%

Purchase Details

Closed on
Mar 2, 2000
Sold by
Luberto Albert A
Bought by
Luberto Albert Anthony and Luberto Louise
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Carr Michael Dennis $545,000 Lawyers Title
Nguyen Ninhchau $394,000 Lawyers Title
Morris Troy $220,000 Southland Title
Luberto Albert Anthony -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carr Michael Dennis $436,000
Previous Owner Morris Troy $176,000
Closed Morris Troy $33,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2015 03/20/15 Sold $545,000 +2.8% $308 / Sq Ft
02/11/2015 02/11/15 Pending -- -- --
02/09/2015 02/09/15 Price Changed $530,000 +6.2% $299 / Sq Ft
02/06/2015 02/06/15 For Sale $499,000 -- $282 / 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 $8,794 $711,099 $400,452 $310,647
2024 $8,032 $642,156 $392,600 $249,556
2023 $7,879 $629,565 $384,902 $244,663
2022 $7,516 $617,221 $377,355 $239,866
2021 $7,420 $605,119 $369,956 $235,163
2020 $7,493 $598,915 $366,163 $232,752
2019 $7,200 $587,173 $358,984 $228,189
2018 $7,079 $575,661 $351,946 $223,715
2016 $6,758 $553,310 $338,281 $215,029
2015 $3,451 $275,818 $163,487 $112,331
2014 $3,470 $270,416 $160,285 $110,131
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15026116

California Regional Multiple Listing Service (CRMLS)

APN: 2227-016-020