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12502 Fallcreek Lane

12502 Fallcreek Lane, Cerritos, CA 90703
Townhouse in Cerritos
Sold Aug 16, 2019
$561,000
Sold May 10, 2006
$550,000
$392,400 by Citimortgage Inc
Mortgage Due Jun 01, 2036
12502 Fallcreek Lane in Cerritos, CA was first built in 1975 and is 49 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 12502 Fallcreek Lane has 1,568 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 200 ft and the linear feet between the front and back of the lot is 880. In total, the area measurement of the land is 1,853 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of wood shake/ shingles. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as good. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 12502 Fallcreek Lane sold most recently in Jul 5, 2019 for a total of $561,000. If you work out the math, that's approximately a cost of $357.78 per sqft. Before that, the property was also sold for $550,000 in May 4, 2006. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,936 in taxes each year. 12502 Fallcreek Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $589,708. If we break it down further, the land itself was valued at $380,420. Improvements to the property, however, were assessed at a total of $209,288. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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!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: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,853
  • Lot Size Depth Feet: 880
  • Lot Size Frontage Feet: 200
  • Total Building Area: 1,568
  • Building Area: 1,568
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,568
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 30145
  • Land Acres: 0.043
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT NO 30145 LOT/SEC 154

Ownership

  • Current Owner : JALILI NAJIBULLAH
  • Current Owner 2: JALILI NEELAB
  • Previous Owner : VASUDEVAN MANIKANDAN
  • Previous Owner 2: RAMAKRISHNAN RANI
  • Owner Before Previous Owner: PARK JOO H
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: ABC Unified School District
  • Census Tract: 554513

Zoning

  • Zoning: CEADP3

Geography

  • Assessors Map Reference: 82-B4
  • Subdivision Tract Number: 30145
  • Parcel: 7010-007-154
  • Lot: 154
  • Municipality: SOUTH /CERRITOS
  • Latitude: 33.882
  • Longitude: -118.065

    Address

  • Full Address: 12502 Fallcreek Ln
  • Address - House Number: 12502
  • Address - Street Name: Fallcreek
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Cerritos
  • Carrier Code: C011
  • 4-Digit Zip Code: 2081
  • Zip Code: 90703

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,936
  • Tax Rate Code Area: 02-493

    Appraisal Valuation

  • Standard Deviation: 0.2096
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 71
  • Final Value: 666,615
  • High Value: 806,379
  • Low Value: 526,851

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $589,708
  • Assessed Land Value: $380,420
  • Assessed Improvements Value: $209,288

    Sales

  • Current Sale Contract Date: Jul 05, 2019
  • Current Sale Recording Date: Aug 16, 2019
  • Current Sale Transaction ID: 11635401517
  • Current Sale Price: $561,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0823914
  • Previous Sale Recording Date: May 10, 2006
  • Previous Sale Contract Date: May 04, 2006
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Mortgage Transaction Date: Aug 16, 2019
  • First Mortgage Loan Amount: $420,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: CITIMORTGAGE INC
  • Previous Mortgage Transaction Date: May 10, 2006
  • Previous Mortgage Loan Amount: $392,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2036

About Cerritos



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$2,650 /mo

  • 2 Beds
  • 1 Bath
  • 808 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 12502 Fallcreek Lane located in?
The 12502 Fallcreek Lane is a townhouse located in the neighborhood of Cerritos in Cerritos, Cerritos.
What is the average sales price for listings in 12502 Fallcreek Lane?
The average sales price for units in 12502 Fallcreek Lane is $0 currently.

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