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1563 Hi Point Street

1563 Hi Point Street, Los Angeles, CA 90035
Property in Neighbors United
Sold Feb 09, 2023
$1,775,000
$1,100,000 by Citibank Na
Mortgage Due Mar 01, 2053
Sold Feb 28, 2019
$2,177,000
$1,000,000 by Halcyon Insurance Group Ltd
Mortgage
1563 Hi Point Street in Los Angeles, CA was first built in 1926 and is 98 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 Spanish style. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1563 Hi Point Street has 1,729 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 540 ft and the linear feet between the front and back of the lot is 1,700. In total, the area measurement of the land is 2,135 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of roll composition. 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 B. The condition of the building has been evaluated as fair. The exterior walls of the home are made of stucco. 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, 1563 Hi Point Street sold most recently in Jan 13, 2023 for a total of $1,775,000. If you work out the math, that's approximately a cost of $1,026.60 per sqft. Before that, the property was also sold for $2,177,000 in Feb 22, 2019. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,842 in taxes each year. The initial year of tax delinquency occurred in 2019. 1563 Hi Point Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $677,640. If we break it down further, the land itself was valued at $364,289. Improvements to the property, however, were assessed at a total of $313,351. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,135
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,729
  • Building Area: 1,729
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,729
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 3909
  • Land Acres: 0.049
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TR=73765 LOT 6

Ownership

  • Current Owner : PETERS JEFFREY DAVID
  • Current Owner 2: KALLMEYER STEVEN DARRYL
  • Previous Owner : HIGH POINT VENTURE LLC
  • Owner Before Previous Owner: WENDY S NPRF LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 216700

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 42-E3
  • Subdivision Tract Number: 73765
  • Parcel: 5068-016-050
  • Lot: 6
  • Municipality: WEST /MID-CITY
  • Latitude: 34.0484
  • Longitude: -118.37

    Address

  • Full Address: 1563 Hi Point St
  • Address - House Number: 1563
  • Address - Street Name: Hi Point
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C034
  • 4-Digit Zip Code: 3907
  • Zip Code: 90035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,842
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2237
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,586,058
  • High Value: 1,940,904
  • Low Value: 1,231,211

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,100,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Feb 09, 2023
  • First Open Lien Mortgage Loan Amount: $1,100,000
  • 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: Mar 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $677,640
  • Assessed Land Value: $364,289
  • Assessed Improvements Value: $313,351

    Sales

  • Current Sale Contract Date: Jan 13, 2023
  • Current Sale Recording Date: Feb 09, 2023
  • Current Sale Transaction ID: 11901834397
  • Current Sale Price: $1,775,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 83962
  • Previous Sale Recording Date: Feb 28, 2019
  • Previous Sale Contract Date: Feb 22, 2019
  • Previous Sale Amount: $2,177,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Feb 09, 2023
  • First Mortgage Loan Amount: $1,100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: HALCYON INSURANCE GROUP LTD
  • Previous Mortgage Transaction Date: Feb 28, 2019
  • Previous Mortgage Loan Amount: $1,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 1563 Hi Point Street located in?
The 1563 Hi Point Street is a located in the neighborhood of Neighbors United in Central LA, Los Angeles.
What is the average sales price for listings in 1563 Hi Point Street?
The average sales price for units in 1563 Hi Point Street is $0 currently.

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