Seller's Agent in 2016
Don Karasevicz
RE/MAX
(310) 251-2593
1 in this area
13 Total Sales
947 7th St Hermosa Beach, CA 90254
Estimated Value: $2,486,000 - $3,972,000
3
Beds
3
Baths
2,242
Sq Ft
$1,371/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Ceramic Countertops
- Carpet
- Hermosa View Elementary School Rated A
- Paved or Partially Paved Lot
- 4-minute walk to Fort Lots of Fun Park
About This Home
As of August 2016Located at the crest of the hill on a low traffic residential street, east of Pacific Coast Hwy., this duplex, on an approx. 4811 SF, street to street R2B zoned lot offers an excellent development potential with panoramic ocean views. The sale of this property is contingent upon the concurrent sale and closing of the adjoining property at 945 7th St. (MLS#SB16071584). Currently there is a 1 bedroom home with a 1 car garage facing 7th St and a 2 bedroom, 2 bath two level home with 3 car garage facing 8th St. Buyer is to verify with the City of Hermosa Beach development options for this property.
Last Agent to Sell the Property
Estate Properties License #00952148 Listed on: 03/31/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,834
Year Built
- Built in 1922
Lot Details
- 4,811 Sq Ft Lot
- No Common Walls
- Block Wall Fence
- Paved or Partially Paved Lot
- Back Yard
- Value in Land
Parking
- 4 Car Garage
Property Views
- White Water Ocean
- Coastline
- Panoramic
Home Design
- Interior Block Wall
- Composition Roof
- Stucco
Interior Spaces
- 2,242 Sq Ft Home
- Carpet
- Ceramic Countertops
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 4186012003
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- New Taxes Expense $17,094
- Gross Income $1,650
- Net Operating Income $1,980
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 28, 2018
Sold by
Mckeown Kent
Bought by
Cobber Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,189,500
Outstanding Balance
$1,021,998
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$2,405,890
Purchase Details
Closed on
May 3, 2016
Sold by
Stallings Mildred Elaine and The Mildred Elaine Stallings D
Bought by
Cobber Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,995,000
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cobber Llc | -- | Western Resources Title Comp | |
| Mckeown Kent | -- | Western Resources Title Comp | |
| Cobber Llc | $3,325,000 | Progressive Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mckeown Kent | $1,189,500 | |
| Previous Owner | Cobber Llc | $1,995,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2016 08/25/16 | Sold | $1,662,500 | +0.8% | $742 / Sq Ft |
| 04/21/2016 04/21/16 | Pending | -- | -- | -- |
| 03/31/2016 03/31/16 | For Sale | $1,650,000 | -- | $736 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,834 | $1,929,470 | $1,914,965 | $14,505 |
| 2024 | $20,834 | $1,891,638 | $1,877,417 | $14,221 |
| 2023 | $20,409 | $1,854,548 | $1,840,605 | $13,943 |
| 2022 | $20,019 | $1,818,185 | $1,804,515 | $13,670 |
| 2021 | $19,588 | $1,782,535 | $1,769,133 | $13,402 |
| 2019 | $18,555 | $1,729,665 | $1,729,665 | $0 |
| 2018 | $18,286 | $1,695,750 | $1,695,750 | $0 |
| 2016 | $2,562 | $199,763 | $68,320 | $131,443 |
| 2015 | $2,448 | $196,763 | $67,294 | $129,469 |
| 2014 | $2,352 | $192,909 | $65,976 | $126,933 |
Source: Public Records
Agents Affiliated with this Home
-
Don Karasevicz
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB16071565
APN: 4186-012-028
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