NOT LISTED FOR SALE

7432 Ostrom Ave van Nuys, CA 91406

Estimated Value: $976,000 - $1,135,000

3 Beds
2 Baths
1,433 Sq Ft
$715/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $900,000 $628 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,318/month

6 Days on Market

Highlights

  • Open Floorplan
  • High Ceiling
  • No HOA
  • Main Floor Bedroom
  • Granite Countertops
  • Neighborhood Views

About This Home

As of September 2021

Welcome home! Charming move-in ready 3 bed 2 bath home on a quiet and safe street in prime Lake Balboa! Walk into this beautiful turn-key home and you’ll immediately notice the open concept layout, kitchen with granite counter tops, and a large kitchen island for your gatherings. The kitchen has lots of counter and cabinet space along with stainless steel appliances. Walking through you'll notice the warm, honey hardwood floors throughout, beautiful plantain shutters, crown molding and a lovely fireplace for happy memories. There is lots of natural light throughout the house and a nice breeze through the back windows. The backyard is landscaped with decomposed granite and gravel keeping dust to a minimum and clean up a breeze. Perfect for pets or young ones. With private landscaping, an open and spacious yard, the possibilities are infinite! Imagine the BBQs and gatherings year round! Can't forget the 5 mature, abundantly producing fruit trees; apple, tangerine, orange, lemon and pomegranate! Garage floor recently upgraded to epoxy flooring and upgraded door/opener - can open/close through your phone from anywhere, all you need is internet. Garage can easily be used as a additional WFH work space or gym. Central AC/heat with newer Nest thermostat upgrade. Both Nest and garage door upgrades now have WiFi access capabilities. Laundry in house. The list is endless - truly one of the best properties in the area, conveniently located near many great eateries, grocery stores, and freeways - definitely will not last! Send your offers!

Last Agent to Sell the Property

Karl Kow

Sunshine International Inv., Inc. License #01080187 Listed on: 07/29/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 6,249 Sq Ft Lot
  • Back Yard
  • Property is zoned LAR1

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,433 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Crown Molding
  • High Ceiling
  • Family Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 16021
  • Assessor Parcel Number 2203020010

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2203020010
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1433.00 Square Feet
  • Interior Amenities: Crown Molding, Granite Counters, High Ceilings, Open Floorplan
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 628.05
  • Room Type: Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6249.00
  • Lot Size Acres: 0.1435

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6249.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1319.00
  • Tax Lot: 30
  • Tax Tract Number: 16021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2019
Closed on
Feb 4, 2019
Sold by
Gaffney Blum Brian and Gaffney Blum Lauren
Bought by
Young Justin Blake and Poon Angelica Camille
Seller's Agent
Marsha Snyder
Real Brokerage Technologies, Inc.
Buyer's Agent
Alam Chang
Alliance Bay Realty
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Current Estimated Value
$1,024,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$384,368
Avg. Annual Appreciation
7.17%
Original Mortgage
$512,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 17, 2013
Closed on
May 16, 2013
Sold by
Yurshansky Michael
Bought by
Blum Brian and Blum Lauren Gaffney
Seller's Agent
Carl Wuestehube
Tri-Star Realty
Buyer's Agent
Marcia Gale
Compass
List Price
$449,900
Sold Price
$490,000
Premium/Discount to List
$40,100
8.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%
Original Mortgage
$392,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2013
Sold by
Yurshansky Michael
Bought by
Yurshansky Michael and The Michael Yurshansky Revocable Trust

Purchase Details

Listed on
Apr 15, 2012
Closed on
Sep 11, 2012
Sold by
Madrona Cerenico Gozo and Madrona Maria Bool
Bought by
Yurshansky Michael
Seller's Agent
Quan Nguyen
PRIME REALTY & FINANCIAL SVCS.
Buyer's Agent
SALLY ROSARIO
Amanda Hendricks, Broker
List Price
$249,900
Sold Price
$285,000
Premium/Discount to List
$35,100
14.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.11%

Purchase Details

Closed on
Nov 29, 2006
Sold by
Story Mike W L
Bought by
Madrona Cerenico Gozo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2003
Sold by
Story Mike W L and Story Michael W L
Bought by
Story Mike W L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,092
Interest Rate
5.72%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 17, 2003
Sold by
Story Kim R
Bought by
Story Micheal W L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,092
Interest Rate
5.72%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 25, 1994
Sold by
Hankowski Eleanor P
Bought by
Story Michael W L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,336
Interest Rate
8.57%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Young Justin Blake $640,000 First American Title
Blum Brian $490,000 Fnt Ie
Yurshansky Michael -- None Available
Yurshansky Michael $285,000 Fidelity National Title Co
Madrona Cerenico Gozo $500,000 Chicago Title Co
Story Mike W L -- Ticor Title Company
Story Micheal W L -- Ticor Title Co
Story Michael W L $143,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Young Justin Blake $512,000
Previous Owner Blum Brian $392,000
Previous Owner Madrona Cerenico Gozo $400,000
Previous Owner Story Mike W L $243,092
Previous Owner Story Michael W L $147,336
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2021 09/09/21 Sold $900,000 +8.6% $628 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $829,000 +29.5% $579 / Sq Ft
04/03/2019 04/03/19 Sold $640,000 -1.5% $447 / Sq Ft View Prior Sale
02/01/2019 02/01/19 Pending -- -- --
01/10/2019 01/10/19 For Sale $650,000 +32.7% $454 / Sq Ft
05/21/2013 05/21/13 Sold $490,000 +8.9% $342 / Sq Ft View Prior Sale
04/23/2013 04/23/13 Pending -- -- --
04/17/2013 04/17/13 For Sale $449,900 +57.9% $314 / Sq Ft
10/05/2012 10/05/12 Sold $285,000 +14.0% $199 / Sq Ft View Prior Sale
05/10/2012 05/10/12 Pending -- -- --
04/15/2012 04/15/12 For Sale $249,900 -- $174 / 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 $11,532 $955,085 $729,686 $225,399
2024 $11,408 $936,359 $715,379 $220,980
2023 $11,185 $918,000 $701,352 $216,648
2022 $10,661 $900,000 $687,600 $212,400
2021 $7,994 $659,562 $495,805 $163,757
2020 $8,074 $652,800 $490,722 $162,078
2019 $1,185 $540,906 $324,544 $216,362
2018 $6,428 $530,301 $318,181 $212,120
2016 $6,135 $509,711 $305,827 $203,884
2015 $6,044 $502,056 $301,234 $200,822
2014 $6,068 $492,223 $295,334 $196,889
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21159390

California Regional Multiple Listing Service (CRMLS)

APN: 2203-020-010