NOT LISTED FOR SALE

7961 Paso Robles Ave van Nuys, CA 91406

Estimated Value: $1,151,000 - $2,838,000

2 Beds
1 Bath
1,577 Sq Ft
$1,113/Sq Ft Est. Value

Last Sold June 13, 2019

Last sale price $661,000 $419 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $10,551/month

207 Days on Market

Highlights

  • Detached Guest House
  • RV Access or Parking
  • Corner Lot
  • In Ground Pool
  • 0.35 Acre Lot
  • No HOA

About This Home

As of June 2019

LAKE BALBOA NEIGHBORHOOD!!! This home is located in a highly desirable area, and has so much potential! Resting on a lot size of over 15,000 sq ft. 2 Homes on the same lot with separate gas and electric. Main house features 2 bedrooms, 1 bathroom, fireplace and has plenty of space to expand. The detached guest house can be an investors dream with 1 bedroom, 1 bathroom, kitchen and fireplace. Guest house has own garage and RV Parking access too. The backyard can be an entertainer's delight, with a prestine pool and lots of room for your home oasis. Close to great parks, great restaurants and more! Contact me for more details! Owner financing available.

Last Agent to Sell the Property

John Tancredi

RE/MAX One License #01955430 Listed on: 10/06/2018

RE/MAX One

Last Buyer's Agent

John Tancredi

RE/MAX One License #01955430 Listed on: 10/06/2018

RE/MAX One

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 0.35 Acre Lot
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Back and Front Yard
  • Property is zoned LARA

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage
  • Side Facing Garage
  • Driveway
  • RV Access or Parking

Home Design

  • Cosmetic Repairs Needed
  • Fixer Upper
  • Combination Foundation
  • Raised Foundation
  • Plaster

Interior Spaces

  • 1,577 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Den with Fireplace
  • Neighborhood Views

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • In Ground Pool
  • Slab Porch or Patio

Additional Homes

  • Detached Guest House
  • Fireplace in Guest House

Location

  • Urban Location

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 12238
  • Assessor Parcel Number 2204022016

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Lake Balboa
  • View: Yes
  • Zoning: LARA
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2204022016
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1577.00 Square Feet
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area, Dining Room
  • Fireplace Features: Den, Guest House, Gas, Wood Burning
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 419.15
  • Room Type: All Bedrooms Down, Den, Family Room, Kitchen, Laundry, Living Room

Exterior Features

  • Patio: Yes
  • Foundation: Combination, Raised
  • Other Structures: Guest House, Guest House Detached
  • View: Neighborhood
  • Patio And Porch Features: Concrete, Patio, Patio Open, Porch, Slab
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Construction Materials: Plaster

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Asphalt, Garage, Garage Faces Front, Garage Faces Side, Oversized, Private, RV Access/Parking, RV Gated, RV Potential
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher
  • Laundry Features: Common Area, Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lot 10000-19999 Sqft, Rectangular Lot, Level
  • Lot Size Sq Ft: 15037.00
  • Lot Size Acres: 0.3452
  • Latitude Manual: 34.21546700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15037.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1311.00
  • Tax Lot: 32
  • Tax Tract Number: 12238

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2018
Closed on
May 14, 2019
Sold by
Bunce Ronald and Bunce Grace Elnora
Bought by
Tovmasyan Hovik H and Hayrapetyan Tatevik
Seller's Agent
John Tancredi
RE/MAX One
Buyer's Agent
John Tancredi
RE/MAX One
List Price
$725,000
Sold Price
$661,000
Premium/Discount to List
-$64,000
-8.83%
Current Estimated Value
$1,755,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,094,000
Avg. Annual Appreciation
15.89%
Original Mortgage
$495,750
Outstanding Balance
$434,979
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,320,021
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
Tovmasyan Hovik H $661,000 Ticor Title Company
Bunce Ronald -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tovmasyan Hovik H $495,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2019 06/13/19 Sold $661,000 -8.8% $419 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
10/06/2018 10/06/18 For Sale $725,000 -- $460 / 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 $17,260 $1,408,324 $714,420 $693,904
2024 $17,260 $1,380,711 $700,412 $680,299
2023 $14,473 $1,148,655 $686,679 $461,976
2022 $13,812 $1,126,133 $673,215 $452,918
2021 $8,470 $681,203 $544,963 $136,240
2020 $8,553 $674,220 $539,376 $134,844
2019 $1,473 $93,126 $34,254 $58,872
2018 $1,254 $91,301 $33,583 $57,718
2016 $1,181 $87,758 $32,280 $55,478
2015 $1,165 $86,441 $31,796 $54,645
2014 $1,181 $84,749 $31,174 $53,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18243672

California Regional Multiple Listing Service (CRMLS)

APN: 2204-022-016