NOT LISTED FOR SALE

7555 Collett Ave van Nuys, CA 91406

Estimated Value: $646,000 - $1,076,000

5 Beds
2 Baths
1,733 Sq Ft
$464/Sq Ft Est. Value

Last Sold August 29, 2024

Last sale price $650,000 $375 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,463/month

12 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 1-Story Property
  • No HOA
  • Central Air

About This Home

As of August 2024

Discover a fantastic opportunity in the desirable Lake Balboa area. This beautiful corner lot features two legal and permitted dwellings . The original house located on Collett Ave ,boasts three bedrooms and one bathroom with 1093 sq ft of living space. The additional property situated with a separate entrance off Saticoy Ave offers 2 bedrooms and one bath complete with central A/C for year round comfort. It is gated and provides ample parking, ensuring convenience and security. Separate electric meters.Separate addresses. Conveniently located near park and freeway access!
This unique setup is a fantastic deal and an absolute must see! Don't miss out on this incredible opportunity!

Last Agent to Sell the Property

Jesse Del Rio

Redfin Corporation Brokerage Phone: 818-613-1243 License #01252958 Listed on: 07/25/2024

Redfin Corporation

Last Buyer's Agent

Jesse Del Rio

Redfin Corporation Brokerage Phone: 818-613-1243 License #01252958 Listed on: 07/25/2024

Redfin Corporation

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 7,713 Sq Ft Lot
  • Corner Lot
  • Property is zoned LAR1

Parking

  • 3 Car Garage

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,733 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 13864
  • Assessor Parcel Number 2206019019
  • $252 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

7,713 Sq Ft Lot

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2206019019
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1733.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 375.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 6500-9999
  • Lot Size Sq Ft: 7713.00
  • Lot Size Acres: 0.1771

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7713.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 1274.00
  • Tax Lot: 43
  • Tax Tract Number: 13864
  • TaxOtherAnnualAssessmentAmount: 252.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Aug 22, 2024
Sold by
Sosa Family Revocable Living Trust and Sosa Edgar
Bought by
Mg Equity Llc
Seller's Agent
Jesse Del Rio
Redfin Corporation
Buyer's Agent
Jesse Del Rio
Redfin Corporation
List Price
$699,900
Sold Price
$650,000
Premium/Discount to List
-$49,900
-7.13%
Views
58
Current Estimated Value
$812,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,000
Avg. Annual Appreciation
14.95%
Original Mortgage
$1,600,000
Outstanding Balance
$1,581,545
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
-$778,212

Purchase Details

Closed on
Jul 8, 2022
Sold by
Sosa Family Trust
Bought by
Sosa Family Revocable Living Trust

Purchase Details

Closed on
Mar 30, 1998
Sold by
Sosa Edgar and Sosa Elisa
Bought by
Sosa Edgar and Sosa Elida

Purchase Details

Closed on
Nov 28, 1995
Sold by
Va
Bought by
Sosa Edgar and Sosa Elida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.36%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 16, 1994
Sold by
Jaymen Michael and Keycorp Mtg Inc
Bought by
Keycorp Mtg Inc

Purchase Details

Closed on
Feb 11, 1994
Sold by
Keycorp Mtg Inc
Bought by
Va
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
Mg Equity Llc $650,000 Lawyers Title Company
Sosa Family Revocable Living Trust -- Accommodation/Courtesy Recordi
Sosa Edgar -- --
Sosa Edgar $110,000 First American Title Co
Keycorp Mtg Inc $117,621 North American Title
Va -- Benefit Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mg Equity Llc $1,600,000
Previous Owner Sosa Edgar $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2024 08/29/24 Sold $650,000 -7.1% $375 / Sq Ft
07/25/2024 07/25/24 For Sale $699,900 -- $404 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,405 $650,000 $390,000 $260,000
2024 $3,405 $262,810 $82,886 $179,924
2023 $3,342 $257,658 $81,261 $176,397
2022 $3,190 $252,607 $79,668 $172,939
2021 $3,148 $247,655 $78,106 $169,549
2019 $3,057 $240,312 $75,791 $164,521
2018 $2,980 $235,601 $74,305 $161,296
2016 $2,841 $226,455 $71,421 $155,034
2015 $2,801 $223,055 $70,349 $152,706
2014 $2,819 $218,686 $68,971 $149,715
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24152859

California Regional Multiple Listing Service (CRMLS)

APN: 2206-019-019

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