$72,500
SOLD MAY 30, 2012

Willis Villas 8801 Willis Ave Unit 16 Panorama City, CA 91402

3 Beds
2 Baths
1,103 Sq Ft
$242/mo HOA Fee

Recently Sold

$66 Per Sq Ft

Highlights

  • Private Pool
  • 2.1 Acre Lot
  • Neighborhood Views
  • Valley Academy of Arts & Sciences Rated A-
  • L-Shaped Dining Room
  • Laundry Room

About This Home

As of June 2022

Fixer! Property needs new flooring, paint, doors, fixtures, etc. This property has two parking spaces (tandem).

Last Agent to Sell the Property

Joel Fajardo

Luxury Collective License #01847613 Listed on: 02/12/2012

Luxury Collective

Last Buyer's Agent

Chung Mi Ferraro

Equity Union License #01346242

Equity Union

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,911

Year Built

  • Built in 1978

HOA Fees

  • $242 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Fixer Upper

Interior Spaces

  • 1,103 Sq Ft Home
  • L-Shaped Dining Room
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Private Pool
  • Central Heating and Cooling System

Listing and Financial Details

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

Community Details

Overview

  • 60 Units
  • Tandem Property Mgt Association, Phone Number (818) 883-4202

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,911

Year Built

Built in 1978

Lot Details

0

HOA Fees

$242 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Willis Villas I HOA
  • View: Yes
  • Property Condition: Fixer
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2653026016
  • Year Built: 1978
  • Special Features: 12

Interior Features

  • Fireplace: No
  • Living Area: 1103.00
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Ell
  • Levels: Two
  • Price Per Square Foot: 65.73
  • Room Type: Master Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Features: Association
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Phone Extension: 1007
  • Association Fee: 242.00
  • Association Fee Frequency: Monthly
  • Association Name: Tandem Property Mgt
  • Phone: 818-883-4202
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Los Angeles Unified

Lot Info

  • Lot Size Sq Ft: 91540.00
  • Lot Size Acres: 2.1000

Multi Family

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

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 51927

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Jun 1, 2022
Sold by
Fear and Natjanee
Bought by
Rivas Roxana and Garcia Melissa
Seller's Agent
Aminul Islam
Rockwood Realty
Buyer's Agent
Adela Hernandez
Century 21 Masters
List Price
$365,000
Sold Price
$380,000
Premium/Discount to List
$15,000
4.11%
Current Estimated Value
$443,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,162
Avg. Annual Appreciation
4.20%
Original Mortgage
$342,000
Outstanding Balance
$325,876
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$108,555

Purchase Details

Closed on
Dec 21, 2019
Sold by
Ferraro Robert and Ferraro Elena E
Bought by
Fear Travis and Fear Natjanee

Home Financials for this Owner

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

Purchase Details

Listed on
Feb 12, 2012
Closed on
Apr 9, 2012
Sold by
Rodriguez Juan Jesus and Rodriguez Maria E
Bought by
Ferraro Robert and Ferraro Elena E
Seller's Agent
Joel Fajardo
Luxury Collective
Buyer's Agent
Chung Mi Ferraro
Equity Union
Sold Price
$72,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.40%

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
Not Available
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 Type Sale Price Title Company
Grant Deed $380,000 Lawyers Title
Grant Deed $285,000 Lawyers Title
Grant Deed $72,500 Pacific Coast Title
Grant Deed $299,000 New Century Title Company
Interfamily Deed Transfer -- New Century Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Grant Deed -- --
Grant Deed -- --
Grant Deed $129,000 California Counties Title Co
Gift Deed -- --
Grant Deed $55,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $342,000 New Conventional
Previous Owner $270,750 New Conventional
Previous Owner $59,800 Stand Alone Second
Previous Owner $239,200 New Conventional
Previous Owner $198,750 New Conventional
Previous Owner $122,550 No Value Available
Previous Owner $93,297 Unknown
Previous Owner $69,750 Unknown
Previous Owner $54,000 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Sold $380,000 +4.1% $345 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $365,000 +403.4% $331 / Sq Ft
05/30/2012 05/30/12 Sold $72,500 -- $66 / Sq Ft
02/12/2012 02/12/12 Pending -- -- --
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12016229

California Regional Multiple Listing Service (CRMLS)

APN: 2653-026-016