NOT LISTED FOR SALE

Estimated Value: $747,000 - $945,000

2 Beds
1 Bath
862 Sq Ft
$953/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $702,000 $814 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,184/month

Highlights

  • Midcentury Modern Architecture
  • No HOA
  • Wood Frame Window
  • Wood Flooring
  • 1 Car Direct Access Garage
  • Rear Porch

About This Home

As of September 2021

A Great Opportunity to own a Lake Balboa Starter Home situated in a Beautiful and Desirable Lake Balboa neighborhood! Surrounded by much Higher Priced Homes. This Mid Century Modern Fixer offers 2 spacious bedrooms, 1 full bath, original hardwood floors, central air and heat. This lovely home also offers a spacious backyard which has plenty of room for a pool or to possibly add more living space in the future.
Hurry because this Lake Balboa home will certainly Sell Fast!!!

Last Agent to Sell the Property

Adrian Urrea

Pinnacle Estate Properties, Inc. License #01060158 Listed on: 08/25/2021

Pinnacle Estate Properties, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,928

Year Built

  • Built in 1950

Lot Details

  • 6,010 Sq Ft Lot
  • West Facing Home
  • Back Yard
  • Property is zoned LAR1

Parking

  • 1 Car Direct Access Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Midcentury Modern Architecture
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Permanent Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 862 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Tile Bathroom Countertop
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Patio
  • Rear Porch

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 92
  • Tax Tract Number 15577
  • Assessor Parcel Number 2227009021
  • $235 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,928

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LAR1
  • Architectural Style: Mid Century Modern
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2227009021
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 862.00 Square Feet
  • Interior Amenities: Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: In Kitchen
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 814.39
  • Room Type: All Bedrooms Down
  • Window Features: Wood Frames
  • Bathroom Features: Bathtub, Shower In Tub, Tile Counters
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Foundation: Permanent
  • Patio And Porch Features: Rear Porch
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage - Single Door
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6010.00
  • Lot Size Acres: 0.1380

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6010.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1319.00
  • Tax Lot: 92
  • Tax Tract Number: 15577
  • TaxOtherAnnualAssessmentAmount: 235.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Sep 9, 2021
Sold by
Hounanian John and The John Hounanian Living Trus
Bought by
Jennings Alexandra Lane and Stribling William Joseph
Seller's Agent
Adrian Urrea
Pinnacle Estate Properties, Inc.
List Price
$679,000
Sold Price
$702,000
Premium/Discount to List
$23,000
3.39%
Current Estimated Value
$821,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,315
Avg. Annual Appreciation
4.30%
Original Mortgage
$542,000
Outstanding Balance
$495,325
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$333,599

Purchase Details

Closed on
Dec 14, 2004
Sold by
Hounanian John
Bought by
The John Hounanian Living Trust

Purchase Details

Closed on
Mar 30, 2004
Sold by
Hounanian Roland H
Bought by
Hounanian John

Purchase Details

Closed on
Jan 27, 2003
Sold by
Kessler Lee
Bought by
Hounanian Roland H

Purchase Details

Closed on
May 16, 1999
Sold by
Hounanian Roland H
Bought by
Hounanian Roland H

Purchase Details

Closed on
Sep 1, 1998
Sold by
Hounanian Lillian
Bought by
Kessler Robin L and Kessler Lee
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
Jennings Alexandra Lane $702,000 Priority Title Company
The John Hounanian Living Trust -- --
Hounanian John -- --
Hounanian Roland H -- --
Hounanian Roland H -- --
Kessler Robin L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jennings Alexandra Lane $542,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $702,000 +3.4% $814 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $679,000 -- $788 / 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 $8,928 $793,864 $595,973 $197,891
2024 $8,928 $730,360 $584,288 $146,072
2023 $8,754 $716,040 $572,832 $143,208
2022 $8,345 $702,000 $561,600 $140,400
2021 $868 $53,621 $26,246 $27,375
2019 $846 $52,032 $25,468 $26,564
2018 $744 $51,013 $24,969 $26,044
2016 $701 $49,034 $24,000 $25,034
2015 $693 $48,298 $23,640 $24,658
2014 $705 $47,352 $23,177 $24,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21188188

California Regional Multiple Listing Service (CRMLS)

APN: 2227-009-021