1253 North Formosa Avenue

Local assessors in Los Angeles, CA have categorized 1253 North Formosa Avenue as a unknown type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 6,707 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1253 North Formosa Avenue has a total of 1,412 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. 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 unknown 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 - unknown. Residents rely on unknown for their cooling system. The home's unknown is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1253 North Formosa Avenue was last sold in Aug 29, 2017 for $1,385,000. According to our calculations, that's $980.88 per sqft. Current property owners are expected to pay $17,472 in taxes per year. The property on 1253 North Formosa Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,484,999. To break that down further, the land itself was valued at $643,321. While improvements to the property were assessed at a total of $841,678. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. 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.