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16833 Covello Street

16833 Covello Street, Van Nuys, CA 91406
Property in Lake Balboa
Sold Dec 07, 2021
$720,000
$706,959 by Change Lending Llc
Mortgage Due Jan 01, 2052
Sold Mar 08, 2016
$410,000
$410,000 by Motive Lending
Mortgage Due Feb 01, 2046
Local assessors in Van Nuys, CA have categorized 16833 Covello Street as a residential type of property. The home was built in 1948 and is 76 years old. The property's lot size has been calculated to be 5,999 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 16833 Covello Street has a total of 873 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. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 wood 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 - B. The building has a gable style roof that was made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. The home's floor/wall heating system is the primary heating source. 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, 16833 Covello Street sold most recently in Oct 29, 2021 for a total of $720,000. If you work out the math, that's approximately a cost of $824.74 per sqft. Before that, the property was also sold for $410,000 in Jan 16, 2016. 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 $8,612 in taxes each year. 16833 Covello Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $734,400. If we break it down further, the land itself was valued at $587,520. Improvements to the property, however, were assessed at a total of $146,880. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,999
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 873
  • Building Area: 873
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 873
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 14659
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 14659 LOT/SEC 24

Ownership

  • Current Owner : CASTANEDA SUSANA
  • Current Owner 2: RAMIREZ JOSE
  • Previous Owner : SHOTWELL JAMES CHRISTOPHER
  • Previous Owner 2: TATUM PATRICIA LYNN
  • Owner Before Previous Owner: JACHOWSKI KRYSTYNA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 132102

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 14-F3
  • Subdivision Tract Number: 14659
  • Parcel: 2226-025-015
  • Lot: 24
  • Municipality: NORTH /VAN NUYS WEST
  • Latitude: 34.2075
  • Longitude: -118.5

    Address

  • Full Address: 16833 Covello St
  • Address - House Number: 16833
  • Address - Street Name: Covello
  • Address - Suffix Type: St
  • State: CA
  • City Name: Van Nuys
  • Carrier Code: C019
  • 4-Digit Zip Code: 2714
  • Zip Code: 91406

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,612
  • Tax Rate Code Area: 00-016

    Appraisal Valuation

  • Standard Deviation: 0.209
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 71
  • Final Value: 736,272
  • High Value: 890,196
  • Low Value: 582,348

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $706,959
  • First Open Lien Mortgage Lender: CHANGE LENDING LLC
  • First Open Lien Mortgage Recording Date: Dec 07, 2021
  • First Open Lien Mortgage Loan Amount: $706,959
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $734,400
  • Assessed Land Value: $587,520
  • Assessed Improvements Value: $146,880

    Sales

  • Current Sale Contract Date: Oct 29, 2021
  • Current Sale Recording Date: Dec 07, 2021
  • Current Sale Transaction ID: 11872348777
  • Current Sale Price: $720,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1812651
  • Previous Sale Recording Date: Mar 08, 2016
  • Previous Sale Contract Date: Jan 16, 2016
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHANGE LENDING LLC
  • First Mortgage Transaction Date: Dec 07, 2021
  • First Mortgage Loan Amount: $706,959
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MOTIVE LENDING
  • Previous Mortgage Transaction Date: Mar 08, 2016
  • Previous Mortgage Loan Amount: $410,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Feb 01, 2046

About South Valley



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Frequently Asked Questions

What neighborhood is 16833 Covello Street located in?
The 16833 Covello Street is a located in the neighborhood of Lake Balboa in South Valley, Van Nuys.
What is the average sales price for listings in 16833 Covello Street?
The average sales price for units in 16833 Covello Street is $0 currently.

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