NOT LISTED FOR SALE

van Nuys, CA 91406

Lake Balboa Neighborhood

Estimated Value: $891,593 - $1,098,000

3 Beds
2 Baths
1,295 Sq Ft
$778/Sq Ft Est. Value

Last Sold January 29, 2015

Last sale price $472,000 $364 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $6,101/month

30 Days on Market

Highlights

  • Traditional Architecture
  • Bonus Room
  • 2 Car Detached Garage
  • Wood Flooring
  • Den
  • Double Pane Windows

About This Home

As of January 2015

3+2+DEN ON AN OVERSIZED LOT. BEAUTIFULLY UPGRADED IN THE HIGHLY PRIZED "WHITE OAK CORRIDOR" OF LAKE BALBOA. THOUGHTFULLY REMODELED BY THE OWNERS FOR THEIR PERSONAL USE, THIS IS EXPANDED & UPGRADED W/REMODELED KITCHEN & BATHS AND FABULOUS DETAILS THROUGHOUT. THERE IS A MASTER BEDROOM WITH BATH EN SUITE, WALK IN CLOSET, & SITTING AREA THAT COULD BE AN OFFICE NOOK OR A NURSERY. COMPLETE WITH AN OPEN FLOOR PLAN LIVING ROOM, SUNKEN DEN AND A"CALIFORNIA FORMAL" DINING ROOM, THE HOME'S FLOOR PLAN LENDS ITSELF TO CONTEMPORARY LIVING AND ENTERTAINING STYLES. HARDWOOD FLOORS, STONE COUNTERS, RECESSED LIGHTS, SMOOTH CEILINGS, DUEL GLAZED WINDOWS, C/AIR & HEAT, COPPER PLUMBING. THE OVERSIZED LOT IS FULLY GATED AND HAS EXTENSIVE HARDSCAPE AND MATURE GARDENS IN BOTH THE FRONT AND BACK YARDS. THERE IS A 2 CAR DETACHED GARAGE + ROOM FOR RV PARKING. THIS IS A MUST SEE HOME IN THE BEST AREA OF LAKE BALBOA!

Last Agent to Sell the Property

kelly Pessis

Compass License #01254996 Listed on: 11/30/2014

Compass

Last Buyer's Agent

Polin Makertichian

License #01205138

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,303

Year Built

  • Built in 1949

Lot Details

  • 8,060 Sq Ft Lot
  • Front and Back Yard Sprinklers
  • Property is zoned LAR1

Parking

  • 2 Car Detached Garage
  • RV Potential

Home Design

  • Traditional Architecture
  • Asphalt Roof

Interior Spaces

  • 1,295 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Double Pane Windows
  • Living Room
  • Dining Room
  • Den
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district

Listing and Financial Details

  • Assessor Parcel Number 2229-002-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,303

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: No
  • Living Area: 1295
  • Stories: 1
  • Year Built: 1949
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Hardwood
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside, Laundry Area
  • Total Bathrooms: 2.00
  • Den: 1
  • Price Per S Q F T: 362.93
  • Windows: Double Pane Windows

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Detached, RV Possible

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Water: Water District

Lot Info

  • Sprinklers: Front, Rear
  • Assessor Parcel Number: 2229-002-006
  • Geocode Override: No
  • Lot Size Area: 8060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2023
Sold by
Makertichian Philip
Bought by
Pm Capital Living Trust
Current Estimated Value
$1,007,898

Purchase Details

Listed on
Nov 30, 2014
Closed on
Jan 21, 2015
Sold by
Makertichian Kimberly Brown
Bought by
Makertichian Philip
Seller's Agent
kelly Pessis
Compass
Buyer's Agent
Polin Makertichian
List Price
$495,950
Sold Price
$472,000
Premium/Discount to List
-$23,950
-4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.42%
Original Mortgage
$372,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2014
Closed on
Jan 2, 2015
Sold by
Varon Edward Todd
Bought by
Makertichian Philip
Seller's Agent
kelly Pessis
Compass
Buyer's Agent
Polin Makertichian
List Price
$495,950
Sold Price
$472,000
Premium/Discount to List
-$23,950
-4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2004
Sold by
Kelly Christopher E
Bought by
Varon Edward Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,200
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2001
Sold by
Kasparian Aram Edward
Bought by
Kelly Christopher E and Kelly Kathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,741
Interest Rate
7.21%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 21, 1998
Sold by
Kasparian Aram E
Bought by
Kasparian Aram Edward and Kasparian Linda Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.91%
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
Pm Capital Living Trust -- --
Makertichian Philip -- Lawyers Title
Makertichian Philip $472,000 Fidelity National Title Ins
Varon Edward Todd $431,500 United Title Company
Kelly Christopher E $231,000 American Title Ins Co
Kasparian Aram Edward -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Makertichian Philip $700,000
Previous Owner Makertichian Philip $372,000
Previous Owner Varon Edward Todd $150,000
Previous Owner Varon Edward Todd $345,200
Previous Owner Kelly Christopher E $110,000
Previous Owner Kelly Christopher E $31,000
Previous Owner Kelly Christopher E $223,300
Previous Owner Kelly Christopher E $222,741
Previous Owner Kasparian Aram Edward $52,500
Closed Varon Edward Todd $64,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2015 01/29/15 Sold $472,000 -5.6% $364 / Sq Ft
01/28/2015 01/28/15 Price Changed $499,950 +0.8% $386 / Sq Ft
12/30/2014 12/30/14 Pending -- -- --
11/30/2014 11/30/14 For Sale $495,950 -- $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 $7,303 $595,025 $453,813 $141,212
2024 $7,303 $583,359 $444,915 $138,444
2023 $7,165 $571,922 $436,192 $135,730
2022 $6,836 $560,709 $427,640 $133,069
2021 $6,748 $549,715 $419,255 $130,460
2019 $6,548 $533,413 $406,821 $126,592
2018 $6,191 $498,555 $398,845 $99,710
2016 $5,920 $479,197 $383,358 $95,839
2015 $4,524 $362,000 $290,000 $72,000
2014 $4,632 $362,000 $290,000 $72,000
Source: Public Records

Agents Affiliated with this Home

  • kelly Pessis

    Seller's Agent in 2015

    kelly Pessis

    Compass

    (310) 980-5373

    17 Total Sales

    kelly Pessis
    Section Image

  • P

    Buyer's Agent in 2015

    Polin Makertichian

See All Agents

Source: The MLS

MLS Number: 14-813335

The MLS

APN: 2229-002-006

California Los Angeles County Van Nuys 91406

Lake Balboa

This home since 30 November 2014 and is currently estimated at $1,007,898, approximately $778 per square foot. This property was built in 1949. This home is a home located in Los Angeles County with nearby schools including Lemay Street Elementary, William Mulholland Middle, and Magnolia Science Academy 2.

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