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1249 South Spaulding Avenue

1249 South Spaulding Avenue, Los Angeles, CA 90019
Property in Wilshire Vista
Sold Nov 20, 2019
$1,300,000
$1,040,000 by Bank Of America Na
Mortgage Due Dec 01, 2049
1249 South Spaulding Avenue has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1926 and is 98 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1249 South Spaulding Avenue has 1,968 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,229 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The roof of the building is made of tile. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Oct 10, 2019 for $1,300,000. That's $660.57 per sqft. 1249 South Spaulding Avenue was last assessed in 2023. The total value of the property was assessed at $1,366,528. Specifically, the land the property is located on was valued at $1,093,224. While improvements on the property were assessed at a total of $273,304. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $15,978. The initial tax year of delinquency was in 2020. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,229
  • Total Building Area: 1,968
  • Building Area: 1,968
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,968
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 4362
  • Land Acres: 0.166
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 4362 LOT/SEC 3 BLK/DIV/TWN D

Ownership

  • Current Owner : LEE JANA
  • Previous Owner : CUMMINGS JANICE M
  • Previous Owner 2: THE CUMMINGS FAMILY TRUST
  • Ownership Rights Codes: Sole Owner

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 216902

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 42-F3
  • Subdivision Tract Number: 4362
  • Parcel: 5086-027-003
  • Block: D
  • Lot: 3
  • Municipality: WEST /PARK LABREA
  • Latitude: 34.053
  • Longitude: -118.362

    Address

  • Full Address: 1249 S Spaulding Ave
  • Address - House Number: 1249
  • Street Direction: S
  • Address - Street Name: Spaulding
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C028
  • 4-Digit Zip Code: 2418
  • Zip Code: 90019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,978
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2255
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,772,201
  • High Value: 2,171,846
  • Low Value: 1,372,555

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,115,110
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Nov 20, 2019
  • First Open Lien Mortgage Loan Amount: $1,040,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2049
  • Second Open Lien Mortgage Lender: GUARANTEED RATE INC
  • Second Open Lien Mortgage Recording Date: Sep 28, 2022
  • Second Open Lien Mortgage Loan Amount: $75,110
  • Second Open Lien Mortgage Term: 60
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Sep 28, 2027

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,366,528
  • Assessed Land Value: $1,093,224
  • Assessed Improvements Value: $273,304

    Sales

  • Current Sale Contract Date: Oct 10, 2019
  • Current Sale Recording Date: Nov 20, 2019
  • Current Sale Transaction ID: 11707503416
  • Current Sale Price: $1,300,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-1268950

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Nov 20, 2019
  • First Mortgage Loan Amount: $1,040,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2049

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Frequently Asked Questions

What neighborhood is 1249 South Spaulding Avenue located in?
The 1249 South Spaulding Avenue is a located in the neighborhood of Wilshire Vista in Central LA, Los Angeles.
What is the average sales price for listings in 1249 South Spaulding Avenue?
The average sales price for units in 1249 South Spaulding Avenue is $0 currently.

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