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1816 East Palmer Street

1816 East Palmer Street, Compton, CA 90221
Property in Compton
Sold Dec 22, 1994
$120,000
$183,000 by Washington Mutual Bank Fa
Mortgage Due Nov 01, 2035
1816 East Palmer Street has been categorized by the local assessors in Compton, CA as a residential type of property. The building on the property was first built in 1938 and is 86 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1816 East Palmer Street has 792 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,230 ft and across the front of the lot is 540 ft. The area measurement of the land has been determined as 6,697 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable style roof made of wood shake/ shingles. In terms of heating, it is utilizing floor/wall 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, 1816 East Palmer Street sold most recently in Nov 2, 1994 for a total of $120,000. If you work out the math, that's approximately a cost of $151.52 per sqft. 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 $3,175 in taxes each year. 1816 East Palmer Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $173,655. If we break it down further, the land itself was valued at $111,708. Improvements to the property, however, were assessed at a total of $61,947. 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: 1938
  • Effective Year Built: 1938
  • 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
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,697
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 540
  • Total Building Area: 792
  • Building Area: 792
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 792
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 6564
  • Land Acres: 0.154
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 6564 LOT 5 AND W 7 FT MEASURED ON N AND S LINE OF LOT/SEC 6 BLK/DIV/TWN F

Ownership

  • Current Owner : MARTINEZ EULOGIO
  • Current Owner 2: VELASQUEZ JULIO ENRIQUE
  • Previous Owner : MORTGAGE MART INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Compton Unified School District
  • Census Tract: 541605

Zoning

  • Zoning: CORL*

Geography

  • Assessors Map Reference: 65-B2
  • Subdivision Tract Number: 6564
  • Parcel: 6183-010-005
  • Block: F
  • Lot: 5
  • Municipality: SOUTH /COMPTON-EAST
  • Latitude: 33.8983
  • Longitude: -118.203

    Address

  • Full Address: 1816 E Palmer St
  • Address - House Number: 1816
  • Street Direction: E
  • Address - Street Name: Palmer
  • Address - Suffix Type: St
  • State: CA
  • City Name: Compton
  • Carrier Code: C015
  • 4-Digit Zip Code: 2340
  • Zip Code: 90221

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,175
  • Tax Rate Code Area: 02-800

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 512,064
  • High Value: 626,458
  • Low Value: 397,670

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $183,000
  • First Open Lien Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Open Lien Mortgage Recording Date: Oct 25, 2005
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $183,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Negative Amortization
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2035

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $173,655
  • Assessed Land Value: $111,708
  • Assessed Improvements Value: $61,947

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 02, 1994
  • Current Sale Recording Date: Dec 22, 1994
  • Current Sale Transaction ID: 1016186279
  • Current Sale Price: $120,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 94-2261760

    Last Sale Mortgage

  • First Mortgage Lender: NATIONAL PACIFIC MTG
  • First Mortgage Transaction Date: Dec 22, 1994
  • First Mortgage Loan Amount: $119,376
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2025

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 1816 East Palmer Street located in?
The 1816 East Palmer Street is a located in the neighborhood of Compton in Compton, Compton.
What is the average sales price for listings in 1816 East Palmer Street?
The average sales price for units in 1816 East Palmer Street is $0 currently.

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