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10881 Palma Vista Avenue

10881 Palma Vista Avenue, Garden Grove, CA 92840
Property in Garden Grove
Refi Mar 22, 2023
Transfer
$500,000 by Jpmorgan Chase Bank, National
Mortgage
Local assessors in Garden Grove, CA have categorized 10881 Palma Vista Avenue as a residential type of property. The home was built in 1961 and is 63 years old. It was most recently renovated and altered in 1962. The property's lot size has been calculated to be 9,803 square feet. The linear feet between the front and back of the lot was measured at 1,470 ft and the front of the lot was measured at 660 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a log cabin/rustic style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 10881 Palma Vista Avenue has a total of 5,025 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 8 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a hip style roof that was made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on a wall air conditioning unit for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $8,754 in taxes each year. 10881 Palma Vista Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $554,056. If we break it down further, the land itself was valued at $309,502. Improvements to the property, however, were assessed at a total of $244,554. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Log cabin/Rustic
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 8
  • Business/Commerical Units Count: 8
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 8

    Dimensions

  • Lot Size Square Feet: 9,803
  • Lot Size Depth Feet: 1,470
  • Lot Size Frontage Feet: 660
  • Total Building Area: 5,025
  • Gross Building Area: 5,025
  • Building Area: 5,025
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Forced air unit
  • Heated Square Feet: 5,025
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.225
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: N TR 3730 BLK LOT 27

Neighborhood

  • School District Name: Garden Grove Unified School District
  • Census Tract: 088301

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: 16-B2
  • Subdivision Tract Number: 3730
  • Parcel: 089-651-13
  • Lot: 27
  • Latitude: 33.8003
  • Longitude: -117.943

    Address

  • Full Address: 10881 Palma Vista Ave
  • Address - House Number: 10881
  • Address - Street Name: Palma Vista
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Garden Grove
  • Carrier Code: C036
  • 4-Digit Zip Code: 1367
  • Zip Code: 92840

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,754
  • Tax Rate Code Area: 18-016

    Appraisal Valuation

  • Standard Deviation: 0.3721
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 25
  • Final Value: 1,039,800
  • High Value: 1,426,781
  • Low Value: 652,818

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK, NATIONAL
  • First Open Lien Mortgage Recording Date: Mar 22, 2023
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $554,056
  • Assessed Land Value: $309,502
  • Assessed Improvements Value: $244,554

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Frequently Asked Questions

What neighborhood is 10881 Palma Vista Avenue located in?
The 10881 Palma Vista Avenue is a located in the neighborhood of Garden Grove in Garden Grove, Garden Grove.
What is the average sales price for listings in 10881 Palma Vista Avenue?
The average sales price for units in 10881 Palma Vista Avenue is $0 currently.

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