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16942 Bassett Street

16942 Bassett Street, Van Nuys, CA 91406
Property in Lake Balboa
Sold Nov 02, 2015
$525,000
$150,000 by Rocket Mortgage Llc
Mortgage Due Nov 01, 2051
Sold Sep 21, 1998
$194,000
$194,000 by Navy Fed Credit Union
Mortgage Due Oct 01, 2028
Local assessors in Van Nuys, CA have categorized 16942 Bassett Street as a residential type of property. The home was built in 1949 and is 75 years old. It was most recently renovated and altered in 1953. The property's lot size has been calculated to be 6,600 square feet. The linear feet between the front and back of the lot was measured at 1,100 ft and the front of the lot was measured at 600 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 8 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 2 full bathrooms. There are also 2 partial bathrooms. 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 16942 Bassett Street has a total of 1,902 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 16942 Bassett Street sold most recently in Oct 13, 2015 for a total of $525,000. If you work out the math, that's approximately a cost of $276.03 per sqft. Before that, the property was also sold for $194,000 in Jul 24, 1998. 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 $7,129 in taxes each year. The initial year of tax delinquency occurred in 2020. 16942 Bassett Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $597,355. If we break it down further, the land itself was valued at $477,886. Improvements to the property, however, were assessed at a total of $119,469. The property's total assessed value has been marked as more than the total market value 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.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: 1949
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 6,600
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,902
  • Building Area: 1,902
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,902
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 15441
  • Land Acres: 0.152
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 15441 LOT/SEC 232

Ownership

  • Current Owner : BROWN DENISE M
  • Previous Owner : WHITE KEVIN
  • Owner Before Previous Owner: SORGE MARY J TRS SORGE FAMILY TRUST

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 132002

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 14-E4
  • Subdivision Tract Number: 15441
  • Parcel: 2230-008-008
  • Lot: 232
  • Municipality: NORTH /SOUTH RESEDA
  • Latitude: 34.1954
  • Longitude: -118.503

    Address

  • Full Address: 16942 Bassett St
  • Address - House Number: 16942
  • Address - Street Name: Bassett
  • Address - Suffix Type: St
  • State: CA
  • City Name: Van Nuys
  • Carrier Code: C028
  • 4-Digit Zip Code: 4512
  • Zip Code: 91406

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,129
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 00-016

    Appraisal Valuation

  • Standard Deviation: 0.2129
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 70
  • Final Value: 966,438
  • High Value: 1,172,269
  • Low Value: 760,606

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 28, 2021
  • First Open Lien Mortgage Loan Amount: $150,000
  • 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: Nov 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $597,355
  • Assessed Land Value: $477,886
  • Assessed Improvements Value: $119,469

    Sales

  • Current Sale Contract Date: Oct 13, 2015
  • Current Sale Recording Date: Nov 02, 2015
  • Current Sale Transaction ID: 1345594399
  • Current Sale Price: $525,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 15-1341212
  • Previous Sale Recording Date: Sep 21, 1998
  • Previous Sale Contract Date: Jul 24, 1998
  • Previous Sale Amount: $194,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: NAVY FED CREDIT UNION
  • Previous Mortgage Transaction Date: Sep 21, 1998
  • Previous Mortgage Loan Amount: $194,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Oct 01, 2028

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Frequently Asked Questions

What neighborhood is 16942 Bassett Street located in?
The 16942 Bassett Street is a located in the neighborhood of Lake Balboa in South Valley, Van Nuys.
What is the average sales price for listings in 16942 Bassett Street?
The average sales price for units in 16942 Bassett Street is $0 currently.

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