NOT LISTED FOR SALE

8740 Willis Ave Unit 7 Panorama City, CA 91402

Estimated Value: $535,000 - $552,606

3 Beds
2.5 Baths
1,446 Sq Ft
0.59 Acres Lot

Sale Details

Date Sold: February 9, 2024

Last sale price $550,000 $380 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,613 / mo

11 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • 1 Car Attached Garage
  • 0.59 Acre Lot
  • High Ceiling
  • Eat-In Kitchen

About This Home

As of February 2024

Welcome home to 8740 Willis Avenue #7, a stunning 3 bedroom and 2.5 bathroom condo located in the heart of Panorama City! This unit boasts 1,446 square feet of comfortable living space and comes with an attached 1-car garage. Upon entering, you will be delighted with the spacious open floor plan and abundant natural light coming through from the private patio. The living room features tiled floors, recessed lighting, wet bar, and fireplace. Adjacent to the living room is the dining area and chef’s kitchen. The kitchen features built-in gas range, dishwasher, modern finishes, and ample storage and counterspace. There is a half bathroom downstairs for convenience. Upstairs, you will find wood floors and 2 spacious bedrooms and full bathrooms. The primary bedroom has high ceilings and ample natural light. The primary bathroom comes with dual vanity, soaking tub, and standing shower. This lovely home also includes washer and dryer hookups, a private patio for fresh air, and access to the community pool. Centrally located in Panorama City, this home enjoys close proximity to Sepulveda Recreation Center, schools, shopping, dining, and more! Contact us today to see how much this amazing condo has to offer!

Last Agent to Sell the Property

Silvia Harapetian

JohnHart Real Estate License #01479933 Listed on: 12/11/2023

JohnHart Real Estate

Last Buyer's Agent

Magda Mavyan

Evernest Realty Group License #01457147

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1978

Lot Details

  • 1 Common Wall
  • Density is up to 1 Unit/Acre

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 1,446 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Sliding Doors
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Pool

  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Septic Type Unknown
  • Cable TV Available

Listing and Financial Details

  • Tax Tract Number 34794
  • Assessor Parcel Number 2653004106

Community Details

Overview

  • 12 Units
  • Walnut Grove Associates Association, Phone Number (818) 923-4417
  • Maintained Community

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1978

Lot Details

0.59 Acres

HOA Fees

$300 per month

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2653004106
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1446.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), High Ceilings, Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Area
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 380.36
  • Room Type: Kitchen, Living Room
  • Bathroom Features: Bathtub, Shower, Shower In Tub

Exterior Features

  • Pool Features: Community, In Ground
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Maintenance Grounds, Water
  • Association Fee: 300.00
  • Association Fee Frequency: Monthly
  • Association Name: Walnut Grove Associates
  • Phone: 818-923-4417
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: Walnut Grove Associates

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 25591.00
  • Lot Size Acres: 0.5875

Multi Family

  • Lease Considered: No
  • Lot Size Area: 25591.0000 Square Feet
  • Number Of Units In Community: 12
  • Number Of Units Total: 1

Tax Info

  • Tax Tract Number: 34794

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2023
Closed on
Dec 29, 2023
Sold by
Graham Malana Anne and Graham Anallen Jamanila
Bought by
Avetisyan Hasmik
Seller's Agent
Silvia Harapetian
JohnHart Real Estate
Buyer's Agent
Magda Mavyan
Evernest Realty Group
List Price
$500,000
Sold Price
$550,000
Premium/Discount to List
$50,000
10%
Views
132
Current Estimated Value
$543,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,848
Avg. Annual Appreciation
-0.56%
Original Mortgage
$522,500
Outstanding Balance
$512,753
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$30,399

Purchase Details

Listed on
Dec 14, 2018
Closed on
Jan 9, 2019
Sold by
Roajphlastien Surapol and The Surapol Roajphlastien Livi
Bought by
Jamanila Graham Malana Anne and Jamanila Graham Anallen
Seller's Agent
Judy Stevens
Equity Union
Buyer's Agent
Silvia Harapetian
JohnHart Real Estate
List Price
$369,000
Sold Price
$369,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$357,930
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2017
Sold by
Roajphlastien Surapol
Bought by
Roajphlastien Surapol and The Susapol Roajphlastien Living Trust

Purchase Details

Listed on
Jul 14, 2015
Closed on
Aug 18, 2015
Sold by
Hernandez Jose
Bought by
Roajphlastien Surapol
Seller's Agent
Silio Lazaro
Pacific & Co Real Estate Solut
Buyer's Agent
Judy Stevens
No Firm Affiliation
List Price
$239,500
Sold Price
$248,000
Premium/Discount to List
$8,500
3.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%

Purchase Details

Listed on
May 29, 2012
Closed on
Nov 8, 2012
Sold by
Duran Lourdes
Bought by
Hernandez Jose
Seller's Agent
Silio Lazaro
Pacific & Co Real Estate Solut
Buyer's Agent
Silio Lazaro
Pacific & Co Real Estate Solut
Sold Price
$123,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.93%

Purchase Details

Listed on
May 29, 2012
Closed on
Oct 11, 2012
Sold by
Flores Humberto
Bought by
Hernandez Jose
Seller's Agent
Silio Lazaro
Pacific & Co Real Estate Solut
Buyer's Agent
Silio Lazaro
Pacific & Co Real Estate Solut
Sold Price
$123,000

Purchase Details

Closed on
Aug 7, 2003
Sold by
Flores Humberto
Bought by
Flores Humberto and Duenas Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 1999
Sold by
Flores Humberto
Bought by
Flores Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
7.05%

Purchase Details

Closed on
Jun 21, 1999
Sold by
Duenas Angela
Bought by
Flores Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
7.05%

Purchase Details

Closed on
May 25, 1994
Sold by
Flores Gustavo
Bought by
Flores Humberto
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Avetisyan Hasmik $550,000 Lawyers Title
Jamanila Graham Malana Anne $369,000 North American Title
Roajphlastien Surapol -- None Available
Roajphlastien Surapol $248,000 Ticor Title Company
Hernandez Jose -- Ticor Title Co
Hernandez Jose $123,000 Ticor Title Co
Flores Humberto -- Commonwealth Land Title Co
Flores Humberto -- First Southwestern Title Co
Flores Humberto -- First Southwestern Title Co
Flores Humberto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avetisyan Hasmik $522,500
Previous Owner Jamanila Graham Malana Anne $357,930
Previous Owner Flores Humberto $97,500
Previous Owner Flores Humberto $99,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2024 02/09/24 Sold $550,000 0.0% $380 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
12/22/2023 12/22/23 Price Changed $550,000 +10.0% $380 / Sq Ft
12/11/2023 12/11/23 For Sale $500,000 +35.5% $346 / Sq Ft
01/31/2019 01/31/19 Sold $369,000 0.0% $255 / Sq Ft View Prior Sale
01/07/2019 01/07/19 Pending -- -- --
12/14/2018 12/14/18 For Sale $369,000 +48.8% $255 / Sq Ft
08/24/2015 08/24/15 Sold $248,000 +3.5% $172 / Sq Ft View Prior Sale
07/18/2015 07/18/15 Pending -- -- --
07/14/2015 07/14/15 For Sale $239,500 +94.7% $166 / Sq Ft
11/19/2012 11/19/12 Sold $123,000 -- $85 / Sq Ft View Prior Sale
05/29/2012 05/29/12 Pending -- -- --
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 $4,968 $561,000 $303,348 $257,652
2024 $4,968 $403,552 $162,952 $240,600
2023 $4,872 $395,640 $159,757 $235,883
2022 $4,644 $387,883 $156,625 $231,258
2021 $4,581 $380,278 $153,554 $226,724
2020 $4,623 $376,380 $151,980 $224,400
2019 $3,281 $263,178 $61,549 $201,629
2018 $3,222 $258,019 $60,343 $197,676
2016 $3,067 $248,000 $58,000 $190,000
2015 $1,613 $126,024 $71,721 $54,303
2014 $1,626 $123,557 $70,317 $53,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD23224227

California Regional Multiple Listing Service (CRMLS)

APN: 2653-004-106

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