NOT LISTED FOR SALE

7342 Balcom Ave Reseda, CA 91335

Estimated Value: $875,476 - $1,061,000

3 Beds
2 Baths
1,288 Sq Ft
$718/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $590,000 $458 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,701/month

29 Days on Market

Highlights

  • Gated Parking
  • Lawn
  • Workshop
  • Property is near public transit
  • No HOA
  • Rear Porch

About This Home

As of October 2019

Lake Balboa area adjacent home. Wrought iron and brick gate accents this charming 3 bedroom, 1.75 bath home. Boasts manicured yard with lush lawn. Spacious living room with floor to ceiling fireplace accented with crown molding, freshly painted and new carpeting. Step up to open floor planned kitchen with breakfast bar and plenty of cabinets. Bedrooms feature ceiling fans, crown moldings and large closets. Sweeping landscaped and concrete back yard with fruit trees, lemon tree and covered BBQ area with outside stovetop. Covered patio area with outdoor fan. Long driveway leads to a double carport.
Double carport with storage room and a bathroom.

Last Agent to Sell the Property

Anna Morehouse

Berkshire Hathaway HomeServices California Properties License #00913273 Listed on: 07/19/2019

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Vahe Aftandilian

No Firm Affiliation License #01950699

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,931

Year Built

  • Built in 1950

Lot Details

  • 6,752 Sq Ft Lot
  • Sprinkler System
  • Lawn
  • Back and Front Yard
  • Property is zoned LAR1

Home Design

  • Interior Block Wall

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Workshop
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Parking Spaces
  • 2 Detached Carport Spaces
  • Parking Available
  • Driveway
  • Gated Parking

Outdoor Features

  • Patio
  • Rear Porch

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Valley

Listing and Financial Details

  • Legal Lot and Block 4 / 7
  • Tax Tract Number 8789
  • Assessor Parcel Number 2121013004

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,931

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2121013004
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1288.00 Square Feet
  • Interior Amenities: Block Walls
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Wood Burning
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 458.07
  • Room Type: Workshop

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Rear Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport, Driveway, Gated
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Valley

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Near Public Transit, Sprinkler System
  • Lot Size Sq Ft: 6752.00
  • Lot Size Acres: 0.1550

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6752.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 1318.00
  • Tax Lot: 4
  • Tax Tract Number: 8789

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2019
Closed on
Aug 24, 2019
Sold by
Ward Jeraldine Marie
Bought by
Hamed Qobadi
Seller's Agent
Anna Morehouse
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Vahe Aftandilian
No Firm Affiliation
List Price
$598,950
Sold Price
$590,000
Premium/Discount to List
-$8,950
-1.49%
Current Estimated Value
$924,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,869
Avg. Annual Appreciation
7.97%
Original Mortgage
$560,500
Interest Rate
3.4%

Purchase Details

Closed on
Mar 3, 2016
Sold by
The Lee C & Helen Ward Family Trust
Bought by
Ward Jeraldine Marie and The Helen Ward Irrevocable Trust

Purchase Details

Closed on
Jul 9, 1996
Sold by
Ward Lee
Bought by
Ward Lee C and Ward Helen
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
Hamed Qobadi $590,000 Chicago Title
Ward Jeraldine Marie -- None Available
Ward Lee C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamed Qobadi $960,000
Closed Qobadi Hamed $37,364
Previous Owner Hamed Qobadi $560,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $590,000 -1.5% $458 / Sq Ft
08/17/2019 08/17/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $598,950 -- $465 / 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 $7,931 $645,246 $516,198 $129,048
2024 $7,931 $632,595 $506,077 $126,518
2023 $7,781 $620,192 $496,154 $124,038
2022 $7,423 $608,032 $486,426 $121,606
2021 $7,332 $596,111 $476,889 $119,222
2020 $7,404 $590,000 $472,000 $118,000
2019 $1,005 $64,990 $24,361 $40,629
2018 $896 $63,717 $23,884 $39,833
2016 $841 $61,244 $22,957 $38,287
2015 $830 $60,325 $22,613 $37,712
2014 $842 $59,145 $22,171 $36,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19172389

California Regional Multiple Listing Service (CRMLS)

APN: 2121-013-004