NOT LISTED FOR SALE

8620 Tilden Ave Panorama City, CA 91402

Estimated Value: $796,423 - $1,025,000

4 Beds
2 Baths
1,613 Sq Ft
$557/Sq Ft Est. Value

Last Sold May 14, 2013

Last sale price $375,000 $232 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $5,366/month

44 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Valley Academy of Arts & Sciences Rated A-
  • Views
  • Bungalow

About This Home

As of May 2013

Have a good tenant help make your mortgage payment in this very well maintained Duplex which offers 2 bedrooms and 1 bathroom (On separate meters)located on a large lot with tons of parking in excellent neighborhood. The property includes a detached two car garage and oversized RV parking or two accommodate several cars. As a bonus, the front of the property has a rod iron fence and gate for extra privacy and security. The units offer hardwood oak floors (under the carpet) in some places, newer water heaters, separate utilities, auto sprinklers in the front and back with a lot more. It even has the original antique doors which are hard to find. The rooms have plenty of closet space and each unit has a very large linen storage. The second unit's kitchen has been remodeled with newer cabinets, stainless steel sink, granite counters and more. The first unit is all original but looks newer. Next, the landscaping is groomed. Over all, this home shows great pride of ownership. Freeways close! This is an incredible opportunity don't miss it.

Last Agent to Sell the Property

Matt McGilvray

RE/MAX New Dimension License #01155581 Listed on: 04/06/2013

Last Buyer's Agent

Maricris Sifuentes

Pinnacle Estate Properties, Inc. License #01737043

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,781

Year Built

  • Built in 1948

Lot Details

  • 6,299 Sq Ft Lot
  • 1 Common Wall
  • Northwest Facing Home
  • Brick Fence
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Permanent Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,613 Sq Ft Home
  • 1-Story Property
  • Dining Room with Fireplace
  • Carpet
  • Laundry Room
  • Property Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Utilities

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

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 14614
  • Assessor Parcel Number 2638003013

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $600
  • Insurance Expense $1,800
  • New Taxes Expense $4,800
  • Net Operating Income $26,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,781

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: All fixtures
  • Other Phone Description: 714-318-4237
  • Other Phone Number: 714-318-4237
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • View: Yes
  • Architectural Style: Bungalow
  • Property Condition: Termite Clearance
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2638003013
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Entry Level: 1
  • Fireplace Features: Dining Room
  • Levels: One
  • Price Per Square Foot: 232.49
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: Northwest
  • Foundation: Permanent
  • Fencing: Brick
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6299.00
  • Lot Size Acres: 0.1450

Multi Family

  • Average1 Bed Area: 803
  • Average2 Bed Area: 803
  • Electric Expense: 1200.00
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6299.0000 Square Feet
  • Net Operating Income: 26000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 13000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4800.00
  • Taxes Percent: 1.25
  • Tax Lot: 38
  • Tax Tract Number: 14614
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2013
Closed on
Apr 24, 2013
Sold by
Ayers Jean M
Bought by
Tejaada Hugo T and Chavarria Alma S
Seller's Agent
Matt McGilvray
RE/MAX New Dimension
Buyer's Agent
Maricris Sifuentes
Pinnacle Estate Properties, Inc.
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%
Current Estimated Value
$898,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,106
Avg. Annual Appreciation
7.35%

Purchase Details

Closed on
Jul 31, 2006
Sold by
Mcgilvray Anne
Bought by
Mcgilvray Anne and Anne Mcgilvray 2006 Revocable Trust

Purchase Details

Closed on
Oct 11, 2005
Sold by
Mcgilvray Anne
Bought by
Mcgilvray Anne and Ayers Jean M

Purchase Details

Closed on
Apr 28, 1998
Sold by
Mcgilvray Anne
Bought by
Mcgilvray Anne

Purchase Details

Closed on
Feb 8, 1996
Sold by
Mcgilvray Anne
Bought by
Mcgilvray Anne and Anne Mcgilvray Living Trust

Purchase Details

Closed on
Jul 27, 1993
Sold by
Ayers Jean M
Bought by
Mcgilvray Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,500
Interest Rate
6.74%
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
Tejaada Hugo T $375,000 Lawyers Title
Mcgilvray Anne -- None Available
Mcgilvray Anne -- None Available
Mcgilvray Anne -- --
Mcgilvray Anne -- --
Mcgilvray Anne -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgilvray Anne $81,000
Previous Owner Mcgilvray Anne $92,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2013 05/14/13 Sold $375,000 -6.0% $232 / Sq Ft
04/23/2013 04/23/13 Pending -- -- --
03/10/2013 03/10/13 For Sale $399,000 -- $247 / 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 $5,781 $461,772 $277,065 $184,707
2024 $5,781 $452,719 $271,633 $181,086
2023 $5,673 $443,843 $266,307 $177,536
2022 $5,415 $435,141 $261,086 $174,055
2021 $5,345 $426,610 $255,967 $170,643
2019 $5,189 $413,959 $248,376 $165,583
2018 $5,106 $405,843 $243,506 $162,337
2016 $4,873 $390,085 $234,051 $156,034
2015 $4,804 $384,227 $230,536 $153,691
2014 $4,831 $376,702 $226,021 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13040668

California Regional Multiple Listing Service (CRMLS)

APN: 2638-003-013