NOT LISTED FOR SALE

Estimated Value: $971,000

4 Beds
3 Baths
3,019 Sq Ft
$322/Sq Ft Est. Value

Last Sold February 28, 2013

Last sale price $551,000 $183 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $5,844/month

11 Days on Market

Highlights

  • Living Room with Fireplace
  • Formal Dining Room
  • Family Room
  • Den
  • 2 Car Detached Garage

About This Home

As of February 2013

Lafayette Square area fixer with huge potential. 3,000+ sqft. 2-story house sits on large lot. Dark wood baseboards and wood trim throughout interior, including a built-in China cabinet and 2 sets of pocket doors. Detached, 2-car garage and covered and uncovered parking for several more vehicles. Buyers should obtain a free preapproval letter from Wells Fargo Home Mortgage or from an entity which is a joint venture with WFHM. (See Agent Remarks.) Buyers also have the option to provide proof of other credit-decisioned financing or a NACA (Neighborhood Assistance Corporation of America) Qualification Letter. Buyer will be responsible for L.A. City 9A report.

Last Agent to Sell the Property

Jeff Grossman

Corcoran Global Living License #00834316 Listed on: 02/08/2013

Last Buyer's Agent

John Hwang

Ivy Realty Co. License #01019983

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,533

Year Built

  • Built in 1916

Lot Details

  • 7,256 Sq Ft Lot
  • Property is zoned LAR3

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 3,019 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5072-002-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,533

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Unknown
  • Street Number Display: No
  • Living Area: 3019
  • Stories: 2
  • Year Built: 1916
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: RealEstateOwned

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Bedrooms: 4
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Formal Dining Rm
  • Total Bathrooms: 3.00
  • Den: 1
  • Price Per S Q F T: 122.52

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Detached, Garage - 2 Car
  • Total Parking: 4

Lot Info

  • Assessor Parcel Number: 5072-002-016
  • Geocode Override: No
  • Lot Size Area: 7256

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2013
Closed on
Feb 25, 2013
Sold by
Hu Moon
Bought by
Chang Ji C
Seller's Agent
Jeff Grossman
Corcoran Global Living
Buyer's Agent
John Hwang
Ivy Realty Co.
List Price
$369,900
Sold Price
$551,000
Premium/Discount to List
$181,100
48.96%
Current Estimated Value
$971,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,000

Purchase Details

Listed on
Feb 8, 2013
Closed on
Feb 21, 2013
Sold by
Wells Fargo Bank Na
Bought by
Chang Ji C
Seller's Agent
Jeff Grossman
Corcoran Global Living
Buyer's Agent
John Hwang
Ivy Realty Co.
List Price
$369,900
Sold Price
$551,000
Premium/Discount to List
$181,100
48.96%

Purchase Details

Closed on
Dec 12, 2012
Sold by
Oparaocha Kofi Mbadiwe
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 23, 2003
Sold by
Oparaocha Kofi Mbadiwe
Bought by
Oparaocha Kofi Mbadiwe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2003
Sold by
Oparaocha Mma
Bought by
Oparaocha Kofi Mbadiwe

Purchase Details

Closed on
Jul 27, 2000
Sold by
Smith Irving Dorothy
Bought by
Oparaocha Kofi and Oparaocha Mma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,100
Interest Rate
9.99%

Purchase Details

Closed on
Jun 11, 1997
Sold by
Ko Susan
Bought by
Smith Irving Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
10.49%

Purchase Details

Closed on
Aug 12, 1994
Sold by
Texas Commerce Bank Na
Bought by
Ko Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.87%

Purchase Details

Closed on
Jun 30, 1994
Sold by
Robert E Weiss Inc
Bought by
Texas Commerce Bank National Assn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.87%

Purchase Details

Closed on
Oct 18, 1993
Sold by
Pearson Thomas
Bought by
Pearson Thomas
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
Chang Ji C -- Fidelity National Title Co
Chang Ji C $551,000 Fidelity National Title Co
Wells Fargo Bank Na $426,443 None Available
Oparaocha Kofi Mbadiwe -- Ticor Title Co
Oparaocha Kofi Mbadiwe -- --
Oparaocha Kofi $265,000 Stewart Title
Smith Irving Dorothy $200,000 Commonwealth Title
Ko Susan $145,000 Southern California Title Co
Texas Commerce Bank National Assn $106,250 First Southwestern Title
Pearson Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oparaocha Kofi Mbadiwe $412,500
Previous Owner Oparaocha Kofi $251,100
Previous Owner Smith Irving Dorothy $180,000
Previous Owner Ko Susan $75,000
Closed Oparaocha Kofi $13,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2013 02/28/13 Sold $551,000 +49.0% $183 / Sq Ft
02/19/2013 02/19/13 Pending -- -- --
02/08/2013 02/08/13 For Sale $369,900 -- $123 / 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 $8,533 $678,505 $402,917 $275,588
2024 $8,533 $665,202 $395,017 $270,185
2023 $8,379 $652,160 $387,272 $264,888
2022 $8,006 $639,374 $379,679 $259,695
2021 $7,895 $626,838 $372,235 $254,603
2019 $7,667 $608,248 $361,196 $247,052
2018 $7,495 $596,322 $354,114 $242,208
2016 $7,105 $573,167 $340,364 $232,803
2015 $7,004 $564,559 $335,252 $229,307
2014 $7,033 $553,501 $328,685 $224,816
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 13-650677

The MLS

APN: 5072-002-016