NOT LISTED FOR SALE

Willis Villas 8801 Willis Ave Unit 16 (B8) Panorama City, CA 91402

Estimated Value: $390,000 - $469,723

3 Beds
2 Baths
1,103 Sq Ft
$280/mo HOA Fee

Last Sold January 30, 2020

Last sale price $285,000 $258 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,996/month

41 Days on Market

Highlights

  • 2.1 Acre Lot
  • Community Pool
  • Resident Manager or Management On Site
  • Valley Academy of Arts & Sciences Rated A-
  • Formal Dining Room
  • Controlled Access

About This Home

As of January 2020

Well-located 3 bed, 2 bath, 1100 sq ft condo in bustling Panorama City neighborhood. This upstairs unit has direct access to the street and features new carpeting. Conveniently located close to freeways, shopping centers, government buildings, schools, colleges, and recreation. The complex offers a swimming pool, laundry area, parking lot with assigned, 2 car tandem parking spots. A great option for a first-time home buyer.

Last Agent to Sell the Property

Stephanie Vitacco

Equity Union License #00985615 Listed on: 11/08/2019

Equity Union

Last Buyer's Agent

Rene Fuentes

Coldwell Banker Quality Properties License #01474068

Coldwell Banker Quality Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,911

Year Built

  • Built in 1978

Lot Details

  • 2.1

HOA Fees

  • $280 Monthly HOA Fees

Interior Spaces

  • 1,103 Sq Ft Home
  • Family Room
  • Formal Dining Room
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Two or More Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 51927
  • Assessor Parcel Number 2653026016

Community Details

Overview

  • Master Insurance
  • 60 Units
  • Willis Villas 1 Association, Phone Number (818) 883-4202
  • Tandem Property Management HOA
  • Maintained Community

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Restriction
  • Pet Size Limit

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,911

Year Built

Built in 1978

Lot Details

0

HOA Fees

$280 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Refrigerator and Stove
  • Property Attached: Yes
  • View: No
  • Zoning: LARD1.5
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2653026016
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1103.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Separated
  • Entry Level: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 258.39
  • Room Type: Family Room, Kitchen, Master Bedroom
  • Room Kitchen Features: Formica Counters

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Tandem Uncovered
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Cooktop, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Insurance, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Pets Permitted, Weight Limit, Management, Controlled Access
  • Association Fee: 280.26
  • Association Fee Frequency: Monthly
  • Association Name: Willis Villas 1
  • Phone: 818-883-4202
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: Tandem Property Management

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 91540.00
  • Lot Size Acres: 2.1015

Multi Family

  • Lease Considered: No
  • Lot Size Area: 91540.0000 Square Feet
  • Number Of Units In Community: 60
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1201.08
  • Tax Lot: 1
  • Tax Tract Number: 51927

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2022
Sold by
Fear and Natjanee
Bought by
Rivas Roxana and Garcia Melissa
Current Estimated Value
$421,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Outstanding Balance
$326,336
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$108,095

Purchase Details

Listed on
Nov 8, 2019
Closed on
Dec 21, 2019
Sold by
Ferraro Robert and Ferraro Elena E
Bought by
Fear Travis and Fear Natjanee
Seller's Agent
Stephanie Vitacco
Equity Union
Buyer's Agent
Rene Fuentes
Coldwell Banker Quality Properties
List Price
$280,000
Sold Price
$285,000
Premium/Discount to List
$5,000
1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.92%
Original Mortgage
$270,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2012
Sold by
Rodriguez Juan Jesus and Rodriguez Maria E
Bought by
Ferraro Robert and Ferraro Elena E

Purchase Details

Closed on
Aug 2, 2006
Sold by
Obcemea Mathilda Kathryn and Obcemea Alex
Bought by
Rodriguez Juan Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,800
Interest Rate
6.67%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 19, 2006
Sold by
Obcemea Mathilda Kathryn and Obcemea Kathryn
Bought by
Obcemea Mathilda Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
8.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2005
Sold by
Policarpio Dorothy
Bought by
Obcemea Kathryn

Purchase Details

Closed on
Nov 20, 2003
Sold by
Obcemea Kathryn
Bought by
Policarpio Dorothy

Purchase Details

Closed on
Feb 13, 2003
Sold by
Herrera Rafael
Bought by
Obcemea Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,550
Interest Rate
9%

Purchase Details

Closed on
Feb 20, 1997
Sold by
Gonzalez Cesar
Bought by
Herrera Rafael

Purchase Details

Closed on
Jul 12, 1996
Sold by
Willis Villas Inc
Bought by
Gonzalez Cesar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
7.59%
Mortgage Type
FHA
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
Rivas Roxana $380,000 Lawyers Title
Fear Travis $285,000 Lawyers Title
Ferraro Robert $72,500 Pacific Coast Title
Rodriguez Juan Jesus $299,000 New Century Title Company
Obcemea Mathilda Kathryn -- New Century Title Company
Obcemea Mathilda Kathryn -- None Available
Obcemea Mathilda Kathryn -- Stewart Title Of Ca Inc
Obcemea Kathryn -- --
Policarpio Dorothy -- --
Obcemea Kathryn $129,000 California Counties Title Co
Herrera Rafael -- --
Gonzalez Cesar $55,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivas Roxana $342,000
Previous Owner Fear Travis $270,750
Previous Owner Rodriguez Juan Jesus $59,800
Previous Owner Obcemea Mathilda Kathryn $239,200
Previous Owner Obcemea Mathilda Kathryn $198,750
Previous Owner Obcemea Kathryn $122,550
Previous Owner Herrera Rafael $93,297
Previous Owner Herrera Rafael $69,750
Previous Owner Gonzalez Cesar $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2020 01/30/20 Sold $285,000 +1.8% $258 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
11/08/2019 11/08/19 For Sale $280,000 -- $254 / 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 $4,911 $403,257 $248,958 $154,299
2024 $4,911 $395,351 $244,077 $151,274
2023 $4,817 $387,600 $239,292 $148,308
2022 $3,586 $293,710 $173,031 $120,679
2021 $3,539 $287,952 $169,639 $118,313
2020 $1,151 $83,260 $16,650 $66,610
2019 $1,110 $81,628 $16,324 $65,304
2018 $1,082 $80,028 $16,004 $64,024
2016 $1,021 $76,923 $15,384 $61,539
2015 $1,008 $75,768 $15,153 $60,615
2014 $1,019 $74,285 $14,857 $59,428
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Vitacco

    Seller's Agent in 2020

    Stephanie Vitacco

    Equity Union

    (818) 298-1187

    5 in this area

    733 Total Sales

    Section Image
  • Rene Fuentes

    Buyer's Agent in 2020

    Rene Fuentes

    Coldwell Banker Quality Properties

    (818) 201-7743

    1 in this area

    71 Total Sales

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About Willis Villas

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19260331

California Regional Multiple Listing Service (CRMLS)

APN: 2653-026-016

California Los Angeles County Panorama City 91402

8801 Willis Ave Unit 16 (B8), Panorama City, CA

This home is located at 8801 Willis Ave Unit 16 (B8), Panorama City, CA 91402 since 08 November 2019 and is currently estimated at $434,431, approximately $393 per square foot. This property was built in 1978. 8801 Willis Ave Unit 16 (B8) is a home located in Los Angeles County with nearby schools including Alta California Elementary School, Vista Middle School, and James Monroe High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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