NOT LISTED FOR SALE

7501 Paso Robles Ave van Nuys, CA 91406

Estimated Value: $838,371 - $972,000

3 Beds
1 Bath
1,214 Sq Ft
$738/Sq Ft Est. Value

Last Sold August 13, 2020

Last sale price $640,000 $527 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,409/month

12 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • 2 Car Detached Garage
  • Traditional Architecture
  • Den
  • Built-In Features

About This Home

As of August 2020

Great income investment opportunity! Beautifully renovated single-story home with incredible curb appeal located in the highly desirable area of Lake Balboa. The inside of the home is showered by tons of natural light. This 3 bed + bonus room home is well-maintained and features new laminate wood flooring, new double sink vanity in bathroom, and a new stainless steel oven in the kitchen. Right off the kitchen is a large extra room for a dining area or office. Living room has a fireplace and looks out on a large private backyard. The backyard is perfect for entertaining or for kids. Property includes a 2-car detached garage + room for 2 additional parking spots. Home is in close proximity to Ralphs, Starbucks, Cold Stone Creamery, and RiteAid. Property will be sold with tenants place. Tenants are currently month to month paying $2,795/month.

Last Agent to Sell the Property

Patrice Meepos

Compass License #01235616 Listed on: 06/23/2020

Compass

Last Buyer's Agent

Blayne Pacelli

Rodeo Realty License #01364537

Rodeo Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 6,930 Sq Ft Lot
  • Lot Dimensions are 55x125
  • Property is zoned LAR1

Parking

  • 2 Car Detached Garage
  • RV Access or Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,214 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Laundry Room

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Open Patio

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2203-025-012

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 1214
  • Lot Acreage: 0.1591
  • Lot Dimensions: 55x125
  • Stories: 1
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Tile, Laminate
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Laundry Area, Inside
  • Total Bathrooms: 1.00
  • Equipment: Dishwasher, Garbage Disposal, Range/Oven, Built-Ins
  • Fireplace: Yes
  • Price Per S Q F T: 514.83

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Detached, RV Access, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Natural Gas

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 2203-025-012
  • Geocode Override: No
  • Lot Size Area: 6930

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2020
Closed on
Jul 15, 2020
Sold by
Scheideman Jason Ronald and Scheideman Kathleen Della
Bought by
Ceron Hector Mario and Ruelas Diana Karina
Seller's Agent
Patrice Meepos
Compass
Buyer's Agent
Blayne Pacelli
Rodeo Realty
List Price
$625,000
Sold Price
$640,000
Premium/Discount to List
$15,000
2.4%
Current Estimated Value
$896,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,093
Avg. Annual Appreciation
6.48%
Original Mortgage
$608,000
Outstanding Balance
$538,124
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$357,969

Purchase Details

Closed on
Jan 29, 2020
Sold by
Scheldeman Jason Ronald and Scheldeman Kathleen Della Ann
Bought by
Scheldeman Jason Ronald and Scheldeman Kathleen Della Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,600
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2009
Sold by
Scheideman Jason R and Scheideman Kathleen D
Bought by
Scheideman Jason R and Scheideman Kathleen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2008
Sold by
Scheideman Jason and Scheideman Kathleen
Bought by
Scheideman Jason R and Scheideman Kathleen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2007
Sold by
Scheideman Jason and Scheideman Kathleen
Bought by
Scheideman Jason R and Scheideman Kathleen D

Purchase Details

Closed on
Apr 29, 2005
Sold by
Fowler Matthew and Fowler Charmaine
Bought by
Scheideman Jason and Scheideman Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 3, 2001
Sold by
Martin Merced and Martin Katherine
Bought by
Fowler Matthew and Fowler Charmaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,955
Interest Rate
7.14%
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
Ceron Hector Mario $640,000 Fidelity National Title
Scheldeman Jason Ronald -- Chicago Title Company
Scheideman Jason R -- None Available
Scheideman Jason R -- Stewart Title Of Ca Inc
Scheideman Jason R -- None Available
Scheideman Jason -- None Available
Scheideman Jason R -- None Available
Scheideman Jason $455,000 Fidelity Van Nuys
Fowler Matthew $200,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ceron Hector Mario $608,000
Previous Owner Scheldeman Jason Ronald $390,600
Previous Owner Scheideman Jason R $315,000
Previous Owner Scheideman Jason $316,000
Previous Owner Scheideman Jason $364,000
Previous Owner Fowler Matthew $179,955
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2020 08/13/20 Sold $640,000 +2.4% $527 / Sq Ft
07/05/2020 07/05/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $625,000 -- $515 / Sq Ft
Source: The MLS

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 $8,399 $692,753 $554,203 $138,550
2024 $8,399 $679,171 $543,337 $135,834
2023 $8,237 $665,855 $532,684 $133,171
2022 $7,854 $652,800 $522,240 $130,560
2021 $7,757 $640,000 $512,000 $128,000
2020 $6,642 $534,000 $383,000 $151,000
2019 $6,504 $534,000 $383,000 $151,000
2018 $6,394 $521,000 $374,000 $147,000
2016 $5,801 $475,000 $341,000 $134,000
2015 $5,349 $437,000 $314,000 $123,000
2014 $4,929 $392,000 $282,000 $110,000
Source: Public Records

Agents Affiliated with this Home

  • Patrice Meepos

    Seller's Agent in 2020

    Patrice Meepos

    Compass

    (310) 849-5443

    41 Total Sales

    Patrice Meepos
    Section Image
  • Blayne Pacelli

    Buyer's Agent in 2020

    Blayne Pacelli

    Rodeo Realty

    (818) 392-8550

    1 in this area

    55 Total Sales

    Blayne Pacelli
    Section Image
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Map

Source: The MLS

MLS Number: 20-594732

The MLS

APN: 2203-025-012

California Los Angeles County Van Nuys 91406

7501 Paso Robles Ave, Van Nuys, CA

Not Listed for Sale

Detached

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