NOT LISTED FOR SALE

7503 Balcom Ave Reseda, CA 91335

Estimated Value: $649,000 - $871,000

2 Beds
2 Baths
925 Sq Ft
$843/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $475,000 $514 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,661/month

55 Days on Market

Highlights

  • Craftsman Architecture
  • No HOA
  • Eat-In Kitchen
  • Wood Flooring
  • Rear Porch
  • Cooling System Mounted To A Wall/Window

About This Home

As of January 2017

Great opportunity in Reseda for someone that would like plenty of yard space. Just under 11,000 sq. ft. lot offers plenty of opportunities for an investor/developer or an owner occupied that is looking build onto.
Peaceful, cozy, light and bright Reseda Home features 2 bedroom and 2 bath, living room, dining room and wood like floors. Come inquire about the endless opportunities this property has to offer.

Last Agent to Sell the Property

Orna Ered

Elite Residential Realty License #01270903 Listed on: 09/14/2016

Last Buyer's Agent

Jose Prado

HomeSmart Evergreen Realty License #00960989

HomeSmart Evergreen Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1952

Lot Details

  • 10,843 Sq Ft Lot
  • Rural Setting
  • Wood Fence
  • Large lot
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Driveway

Home Design

  • Craftsman Architecture
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 925 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Eat-In Kitchen

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Patio
  • Rear Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 031
  • Tax Tract Number 1318
  • Assessor Parcel Number 2120029031

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • View: No
  • Zoning: LAR1
  • Architectural Style: Craftsman
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2120029031
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 925.00 Square Feet
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Accessibility Features: 2+ Access Exits
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 513.51
  • Room Type: Kitchen, Living Room

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Rear Porch
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Asphalt, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: Large lot
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10843.00

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Census Tract: 1318.00
  • Tax Lot: 031
  • Tax Tract Number: 1318.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2016
Closed on
Dec 9, 2016
Sold by
Regev Isaac
Bought by
Alonso Nelda and Hernandez Karen
Seller's Agent
Orna Ered
Elite Residential Realty
Buyer's Agent
Jose Prado
HomeSmart Evergreen Realty
List Price
$489,000
Sold Price
$475,000
Premium/Discount to List
-$14,000
-2.86%
Current Estimated Value
$779,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,728
Avg. Annual Appreciation
5.71%
Original Mortgage
$466,396
Outstanding Balance
$382,414
Interest Rate
4.03%
Mortgage Type
FHA
Estimated Equity
$397,314

Purchase Details

Listed on
Sep 14, 2016
Closed on
Dec 6, 2016
Sold by
Pearce Janice D
Bought by
Regev Isaac and Regev Drora
Seller's Agent
Orna Ered
Elite Residential Realty
Buyer's Agent
Jose Prado
HomeSmart Evergreen Realty
List Price
$489,000
Sold Price
$475,000
Premium/Discount to List
-$14,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,396
Outstanding Balance
$382,414
Interest Rate
4.03%
Mortgage Type
FHA
Estimated Equity
$397,314

Purchase Details

Listed on
Sep 14, 2016
Closed on
Nov 22, 2016
Sold by
Marin Marcelo
Bought by
Alonso Nelda
Seller's Agent
Orna Ered
Elite Residential Realty
Buyer's Agent
Jose Prado
HomeSmart Evergreen Realty
List Price
$489,000
Sold Price
$475,000
Premium/Discount to List
-$14,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,396
Outstanding Balance
$382,414
Interest Rate
4.03%
Mortgage Type
FHA
Estimated Equity
$397,314

Purchase Details

Closed on
Jul 18, 2005
Sold by
Pearce Janice D
Bought by
Pearce Janice D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2002
Sold by
Cruse Forrest L
Bought by
Pearce Janice D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,200
Interest Rate
6.43%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alonso Nelda $475,000 Title 365
Regev Isaac -- Title 365
Regev Isaac $338,000 None Available
Alonso Nelda -- Title 365
Pearce Janice D -- Equity Title Company
Pearce Janice D $236,000 North American Title Co
Pearce Janice D -- North American Title Co
Cruse Forrest L -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alonso Nelda $466,396
Previous Owner Pearce Janice D $285,000
Previous Owner Pearce Janice D $224,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2017 01/06/17 Sold $475,000 -2.9% $514 / Sq Ft
11/08/2016 11/08/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $489,000 -- $529 / 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 $6,711 $551,271 $441,019 $110,252
2024 $6,711 $540,463 $432,372 $108,091
2023 $6,582 $529,867 $423,895 $105,972
2022 $6,279 $519,479 $415,584 $103,895
2021 $6,202 $509,294 $407,436 $101,858
2019 $6,018 $494,190 $395,352 $98,838
2018 $5,973 $484,500 $387,600 $96,900
2016 $3,603 $288,725 $230,983 $57,742
2015 $3,552 $284,389 $227,514 $56,875
2014 $3,571 $278,819 $223,058 $55,761
Source: Public Records

Agents Affiliated with this Home

  • Orna Ered

    Seller's Agent in 2017

    Orna Ered

    Elite Residential Realty

    (818) 974-5776

    31 Total Sales

    Orna Ered
    Section Image

  • J

    Buyer's Agent in 2017

    Jose Prado

    HomeSmart Evergreen Realty

    (310) 689-9781

    1 in this area

    2 Total Sales

    Jose Prado
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16701868

California Regional Multiple Listing Service (CRMLS)

APN: 2120-029-031

California Los Angeles County Reseda 91335

7503 Balcom Ave, Reseda, CA

Not Listed for Sale

Detached

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