1311 North Cherokee Avenue

1311 North Cherokee 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 1915 and is 109 years old. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. In addition, 1311 North Cherokee Avenue has 1,555 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 5,167 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a 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, 1311 North Cherokee Avenue sold most recently in Mar 12, 2024 for a total of $1,350,000. If you work out the math, that's approximately a cost of $868.17 per sqft. Before that, the property was also sold for $1,288,000 in Mar 22, 2018. 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 $16,393 in taxes each year. The initial year of tax delinquency occurred in 2017. 1311 North Cherokee Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,408,612. If we break it down further, the land itself was valued at $1,066,303. Improvements to the property, however, were assessed at a total of $342,309. 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!