NOT LISTED FOR SALE

8524 Gullo Ave Panorama City, CA 91402

Estimated Value: $767,000 - $1,021,000

3 Beds
2 Baths
1,160 Sq Ft
$735/Sq Ft Est. Value

Last Sold November 09, 2020

Last sale price $650,000 $560 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,223/month

Highlights

  • Corner Lot
  • Quartz Countertops
  • 2 Car Direct Access Garage
  • John H. Francis Polytechnic Rated A-
  • No HOA
  • Double Pane Windows

About This Home

As of November 2020

This super cute, 3-bedroom, corner lot home, is situated on a beautiful, tree-lined street and has just undergone a designer remodel. Spacious open concept living room and dining area opens to the newly updated kitchen featuring quartz countertops, eat-in peninsula, new stainless-steel sink and appliances. Main living area is light and bright and opens to the fully fenced backyard, landscaped with mature trees and foliage offering shade and privacy, ideal for hosting family and friends and with plenty of room for kids and pets to play. One bedroom features an attached bath with a custom tiled shower and barn door entry. Hall bath has been nicely updated with new vanity, counter-top and light fixtures. Other highlights include gorgeous tile through-out living room, kitchen and hallway, 2 car attached garage w/direct access, freshly paved driveway, newer vinyl fencing, dual pane windows, central heating and Air /Conditioning. Quiet neighborhood close to shopping restaurants and freeway access.

Last Agent to Sell the Property

Marlene Arimura-Mortimer

No Firm Affiliation License #01456323 Listed on: 09/28/2020

Co-Listed By

Kathleen Fontana

No Firm Affiliation License #01474085

Last Buyer's Agent

Carolin Alaverdian

Balboa Real Estate, Inc. License #01929505

Balboa Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,550

Year Built

  • Built in 1958

Lot Details

  • 5,500 Sq Ft Lot
  • Vinyl Fence
  • Block Wall Fence
  • Corner Lot
  • Property is zoned LAR1

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Turnkey
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,160 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Dining Room

Kitchen

  • Breakfast Bar
  • Free-Standing Range
  • Quartz Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • No Interior Steps
  • Slab Porch or Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 23368
  • Assessor Parcel Number 2627028027

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,550

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • View: No
  • Zoning: LAR1
  • Architectural Style: Ranch
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2627028027
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1160.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 560.34
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Block, Vinyl
  • Patio And Porch Features: Patio, Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5500.00
  • Lot Size Acres: 0.1263

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5500.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1197.00
  • Tax Lot: 39
  • Tax Tract Number: 23368

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Oct 29, 2020
Sold by
Schwartz John R and Brook Schwartz Denise
Bought by
Kolodny Johanna
Seller's Agent
Marlene Arimura-Mortimer
No Firm Affiliation
Buyer's Agent
Carolin Alaverdian
Balboa Real Estate, Inc.
List Price
$620,000
Sold Price
$650,000
Premium/Discount to List
$30,000
4.84%
Current Estimated Value
$853,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,000
Avg. Annual Appreciation
5.66%
Original Mortgage
$510,000
Outstanding Balance
$454,642
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$398,358

Purchase Details

Closed on
Jan 11, 2011
Sold by
Brook Schwartz Denise and Velta Brook Living Trust
Bought by
Schwartz John R and Brook Schwartz Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2004
Sold by
Brook Velta
Bought by
Brook Velta and Velta Brook Living Trust

Purchase Details

Closed on
Sep 29, 2003
Sold by
Brook Velta and Velta Brook Living Trust
Bought by
Brook Velta

Purchase Details

Closed on
Mar 6, 1996
Sold by
Brook Velta
Bought by
Brook Velta and The Velta Brook Living Trust
Source: Public Records

Range of Values:

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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
Kolodny Johanna $650,000 Lawyers Title Company
Schwartz John R -- Fidelity National Title Co
Brook Velta -- --
Brook Velta -- --
Brook Velta -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kolodny Johanna $510,000
Previous Owner Schwartz John R $189,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2020 11/09/20 Sold $650,000 +4.8% $560 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $620,000 0.0% $534 / Sq Ft
06/29/2018 06/29/18 Rented $2,500 -5.7% --
06/21/2018 06/21/18 Under Contract -- -- --
06/01/2018 06/01/18 For Rent $2,650 +20.5% --
05/01/2015 05/01/15 Rented $2,200 0.0% --
05/01/2015 05/01/15 For Rent $2,200 0.0% --
06/29/2012 06/29/12 Sold $1,795 0.0% $2 / Sq Ft View Prior Sale
06/29/2012 06/29/12 Rented $1,795 0.0% --
06/25/2012 06/25/12 Under Contract -- -- --
06/11/2012 06/11/12 For Sale $1,795 0.0% $2 / Sq Ft
06/11/2012 06/11/12 For Rent $1,795 -- --
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 $8,550 $703,577 $464,037 $239,540
2024 $8,550 $689,783 $454,939 $234,844
2023 $8,386 $676,259 $446,019 $230,240
2022 $7,997 $663,000 $437,274 $225,726
2021 $7,900 $650,000 $428,700 $221,300
2019 $964 $60,161 $27,002 $33,159
2018 $908 $58,982 $26,473 $32,509
2016 $858 $56,694 $25,446 $31,248
2015 $848 $55,843 $25,064 $30,779
2014 $860 $54,751 $24,574 $30,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20203317

California Regional Multiple Listing Service (CRMLS)

APN: 2627-028-027