NOT LISTED FOR SALE

8923 Balcom Ave Northridge, CA 91325

Estimated Value: $1,470,000 - $1,710,526

5 Beds
3.5 Baths
3,000 Sq Ft
$532/Sq Ft Est. Value

Last Sold October 12, 2017

Last sale price $1,100,000 $367 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,744/month

67 Days on Market

Highlights

  • Filtered Pool
  • Craftsman Architecture
  • Wood Flooring
  • Valley Academy of Arts & Sciences Rated A-
  • Dining Room with Fireplace
  • Bonus Room

About This Home

As of October 2017

Gorgeous, fully remodeled 5 bedroom, 3 ½ bath mid-century estate in exclusive Sherwood Forrest. Recently remodeled, this estate features an over sized 18,000 plus foot lot that is fully landscaped with a new semi-circular driveway surrounded by beautiful desert agave plants serviced by low water irrigation. This spectacular entertainers' family home features original mid-century architecture. Starting with an over sized entry, the home has soaring vaulted ceilings and rich espresso stained beams. Walk through the 52" custom front door and you step inside to the open floor plan, w/ new custom kitchen + high end appliances, 42' built in refrigerator and an 8 burner built in oven/range & granite counter-tops. Over sized family room opens to an amazing back yard as seen through French doors and walls of glass. The spacious, newly landscaped back yard is great for families of all ages with large pool surrounded by beautiful flagst see OH times

Last Agent to Sell the Property

Jack Bitton

Power Brokers License #01309397 Listed on: 07/07/2017

Last Buyer's Agent

Jack Bitton

Power Brokers License #01309397 Listed on: 07/07/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,303

Year Built

  • Built in 1954

Lot Details

  • 0.43 Acre Lot
  • Property is zoned LARA

Home Design

  • Craftsman Architecture

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Formal Entry
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Den
  • Bonus Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Freezer
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 2 Car Garage
  • Oversized Parking
  • Garage Door Opener
  • Driveway
  • RV Potential

Pool

  • Filtered Pool
  • Heated In Ground Pool
  • Gas Heated Pool

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2768-030-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,303

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Craftsman
  • Street Number Display: Yes
  • Living Area: 3000
  • Stories: 1
  • Year Built: 1954
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Dining, Living Room
  • Flooring: Ceramic Tile, Hardwood
  • Bedrooms: 5
  • Full Bathroom: 3
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit, Laundry Area, Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Barbeque, Dishwasher, Freezer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Vented Exhaust Fan, Water Line to Refrigerator
  • Price Per S Q F T: 383.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Filtered, Heated, Heated And Filtered, Heated with Gas, In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Door Opener, Driveway, Driveway - Concrete, Garage - 2 Car, Garage Is Detached, Oversized, RV Possible

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2768-030-020
  • Geocode Override: No
  • Lot Size Area: 18700

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2017
Closed on
Oct 4, 2017
Sold by
Westtenn Holdings Llc
Bought by
Dror Eyal Ben
Seller's Agent
Jack Bitton
Power Brokers
Buyer's Agent
Jack Bitton
Power Brokers
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Current Estimated Value
$1,597,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$497,382
Avg. Annual Appreciation
4.77%
Original Mortgage
$715,000
Outstanding Balance
$618,657
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$978,725

Purchase Details

Closed on
Apr 7, 2016
Sold by
Dli Properties Llc
Bought by
Westtenn Holdings Llc

Purchase Details

Closed on
Mar 22, 2016
Sold by
Galindo Fredy E
Bought by
Dli Properties Llc

Purchase Details

Closed on
May 10, 2006
Sold by
Galindo Georgina R
Bought by
Galindo Fredy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,875
Interest Rate
6.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 18, 2006
Sold by
Walker Mary Neeb and Walker Michael
Bought by
Galindo Fredy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,875
Interest Rate
6.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 19, 2003
Sold by
Walker Mary Neeb
Bought by
Walker Michael and Walker Mary Neeb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 1998
Sold by
Greene Phyllis
Bought by
Walker Mary Neeb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,600
Interest Rate
7.06%

Purchase Details

Closed on
Feb 17, 1998
Sold by
Walker Michael Leary
Bought by
Walker Mary Neeb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,600
Interest Rate
7.06%
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
Dror Eyal Ben $1,100,000 Lawyers Title
Westtenn Holdings Llc $710,000 Fidelity Sherman Oaks
Dli Properties Llc $651,500 None Available
Galindo Fredy E -- Fidelity National Title Co
Galindo Fredy E $972,500 Fidelity National Title Co
Walker Michael -- American Title Co
Walker Mary Neeb $372,000 Equity Title
Walker Mary Neeb -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dror Eyal Ben $715,000
Previous Owner Galindo Fredy E $145,875
Previous Owner Galindo Fredy E $778,000
Previous Owner Walker Michael $265,000
Previous Owner Walker Mary Neeb $297,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2017 10/12/17 Sold $1,100,000 -4.3% $367 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
07/07/2017 07/07/17 For Sale $1,150,000 -- $383 / Sq Ft
Source: The MLS

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 $15,303 $1,251,608 $750,965 $500,643
2024 $15,303 $1,227,068 $736,241 $490,827
2023 $15,011 $1,203,008 $721,805 $481,203
2022 $14,321 $1,179,420 $707,652 $471,768
2021 $14,141 $1,156,295 $693,777 $462,518
2019 $13,723 $1,122,000 $673,200 $448,800
2018 $13,480 $1,100,000 $660,000 $440,000
2016 $10,241 $843,000 $613,000 $230,000
2015 $10,242 $843,000 $613,000 $230,000
2014 $9,849 $791,000 $575,000 $216,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-248758

The MLS

APN: 2768-030-020