NOT LISTED FOR SALE

7347 Ostrom Ave Lake Balboa, CA 91406

Estimated Value: $955,297 - $1,042,000

4 Beds
2 Baths
1,655 Sq Ft
$603/Sq Ft Est. Value

Last Sold November 09, 2016

Last sale price $639,900 $387 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,973/month

4 Days on Market

Highlights

  • Primary Bedroom Suite
  • Attic
  • No HOA
  • Wood Flooring
  • Lawn
  • Galley Kitchen

About This Home

As of November 2016

Beautifully updated 4 bedroom Home. New Wood Floors Throughout, Tile in the Bathrooms. Beautiful Stacked Stone Fireplace in the Living Room. New Windows, Doors, Base and Case. New Roof. Kitchen and Baths with New Cabinets All With Soft Close doors and drawers and Quartz Counters. Stainless Steel Appliances. Laundry Room located just off the kitchen. Master En Suite has a Large Walk In Closet. New Garage Door. Too much to list. Please CLICK ON VIDEO LINK ABOVE FOR VIRTUAL TOUR.

Last Agent to Sell the Property

Stephanie Corvino

BMG Realty License #01450697 Listed on: 09/22/2016

Last Buyer's Agent

Teresita Millado

Berkshire Hathaway HomeServices California Properties License #00824413

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,986

Year Built

  • Built in 1955

Lot Details

  • 6,398 Sq Ft Lot
  • Block Wall Fence
  • Drip System Landscaping
  • Front and Back Yard Sprinklers
  • Lawn
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Garage Door Opener
  • Driveway

Home Design

  • Turnkey
  • Slab Foundation
  • Interior Block Wall
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,655 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • French Doors
  • Entryway
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Attic

Kitchen

  • Galley Kitchen
  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Concrete Porch or Patio

Utilities

  • Cooling System Powered By Gas
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 21610
  • Assessor Parcel Number 2227032005

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,986

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: LAR1
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2227032005
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1655.00 Square Feet
  • Interior Amenities: Block Walls, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 386.65
  • Room Type: All Bedrooms Down, Attic, Entry, Galley Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Master Bathroom, Master Suite, Walk-In Closet
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Concrete, Patio, Patio Open
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range
  • Heating Type: Central, Natural Gas, Fireplace(s)
  • Laundry Features: Common Area, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Gas
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaped, Lawn, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 6398.00

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Census Tract: 1319.00
  • Tax Lot: 1
  • Tax Tract Number: 21610

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2020
Sold by
Jung Andrew and Jung Rebecca
Bought by
Jung Andrew and Jung Rebecca
Current Estimated Value
$998,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Outstanding Balance
$44,391
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$953,683

Purchase Details

Closed on
Sep 30, 2020
Sold by
Jung Andrew and Jung Rebecca
Bought by
Jung Andrew and Jung Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Outstanding Balance
$44,391
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$953,683

Purchase Details

Listed on
Sep 22, 2016
Closed on
Oct 3, 2016
Sold by
Fiorentino Alexandria
Bought by
Jung Andrew and Statham Rebecca
Seller's Agent
Stephanie Corvino
BMG Realty
Buyer's Agent
Teresita Millado
Berkshire Hathaway HomeServices California Properties
List Price
$639,900
Sold Price
$639,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.08%
Original Mortgage
$603,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2016
Closed on
Feb 17, 2016
Sold by
Baker Rachel
Bought by
Florentino Alexandria
Seller's Agent
Janell Pollock
JohnHart Real Estate
Buyer's Agent
Janell Pollock
JohnHart Real Estate
List Price
$439,900
Sold Price
$465,000
Premium/Discount to List
$25,100
5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.84%

Purchase Details

Closed on
Feb 24, 2006
Sold by
Baker Rachel
Bought by
Baker Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.04%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 22, 2006
Sold by
Baker Craig
Bought by
Baker Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.04%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 2, 2001
Sold by
Petryshyn Andrew
Bought by
Watson Rachel

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
7.26%

Purchase Details

Closed on
Jul 13, 2000
Sold by
Petryshyn Andrew
Bought by
Watson Rachel

Purchase Details

Closed on
Mar 8, 2000
Sold by
Olsen Randy
Bought by
Petryshyn Andrew and Watson Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,405
Interest Rate
8.22%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 24, 1998
Sold by
Matthews Ken B
Bought by
Olsen Randy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,050
Interest Rate
6.71%

Purchase Details

Closed on
Mar 8, 1996
Sold by
Matthews Ken B
Bought by
Matthews Ken B

Purchase Details

Closed on
Sep 7, 1993
Sold by
Matthews Claire B
Bought by
Matthews Claire B and Claire B Matthews Living Trust
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
Jung Andrew -- First American Title Ins Co
Jung Andrew -- Lawyers Title Company
Jung Andrew $640,000 Lawyers Title
Florentino Alexandria $465,000 Lawyers Title
Baker Rachel -- First American Title
Baker Rachel -- First American Title
Watson Rachel -- Gateway Title
Watson Rachel -- --
Petryshyn Andrew $195,000 Fidelity National Title
Olsen Randy $159,000 Fidelity National Title Ins
Matthews Ken B -- --
Matthews Claire B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jung Andrew $50,000
Open Jung Andrew $570,000
Closed Jung Andrew $603,000
Previous Owner Baker Rachel $300,000
Previous Owner Baker Rachel $300,000
Previous Owner Watson Rachel $176,000
Previous Owner Petryshyn Andrew $193,405
Previous Owner Olsen Randy $151,050
Closed Watson Rachel $33,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2016 11/09/16 Sold $639,900 0.0% $387 / Sq Ft
09/26/2016 09/26/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $639,900 +37.6% $387 / Sq Ft
03/02/2016 03/02/16 Sold $465,000 +5.7% $281 / Sq Ft View Prior Sale
02/10/2016 02/10/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $439,900 -- $266 / 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 $8,986 $742,652 $518,779 $223,873
2024 $8,986 $728,091 $508,607 $219,484
2023 $8,813 $713,816 $498,635 $215,181
2022 $8,404 $699,820 $488,858 $210,962
2021 $8,298 $686,099 $479,273 $206,826
2020 $8,379 $679,065 $474,359 $204,706
2019 $8,049 $665,751 $465,058 $200,693
2018 $7,906 $652,698 $455,940 $196,758
2016 $3,088 $253,165 $163,846 $89,319
2015 $3,043 $249,363 $161,385 $87,978
2014 $3,060 $244,479 $158,224 $86,255
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16708201

California Regional Multiple Listing Service (CRMLS)

APN: 2227-032-005