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18735 Wells Drive

18735 Wells Drive, Tarzana, CA 91356
Property in Tarzana
Sold Jun 02, 2016
$3,250,000
$2,391,562 by Mufg Union Bank Na
Mortgage Due Jun 01, 2046
Sold Nov 07, 2001
$300,000
$150,000 by William Frazier
Mortgage
Local assessors in Tarzana, CA have categorized 18735 Wells Drive as a residential type of property. The home was built in 2004 and is 20 years old. It was most recently renovated and altered in 2006. The property's lot size has been calculated to be 25,091 square feet. The linear feet between the front and back of the lot was measured at 2,070 ft and the front of the lot was measured at 1,220 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 5 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 8 full bathrooms. There are also 8 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 18735 Wells Drive has a total of 8,121 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. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 - D. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 18735 Wells Drive was last sold in Apr 19, 2016 for $3,250,000. According to our calculations, that's $400.20 per sqft. Prior to that sales transaction, the property was sold for $300,000 in Oct 26, 2001. Current property owners are expected to pay $44,210 in taxes per year. The property on 18735 Wells Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,782,846. To break that down further, the land itself was valued at $1,499,542. While improvements to the property were assessed at a total of $2,283,304. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Quality: D
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 25,091
  • Lot Size Depth Feet: 2,070
  • Lot Size Frontage Feet: 1,220
  • Total Building Area: 8,121
  • Building Area: 8,121
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 8,121
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 2605
  • Land Acres: 0.576
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 2605 LOT COM E 1388.62 FT AND N 10 FT FROM SW COR OF LOT C TH E ON N LINE OF WELLS DR 121.57 FT WITH A UNIFORM DEPTH OF 206.52 FT N PART OF LOT/SEC C

Ownership

  • Current Owner : GLASSMAN DANIEL NATHAN
  • Current Owner 2: GLASSMAN SHANA WOLFSON
  • Previous Owner : BRIEN MICHAEL DANIEL O
  • Owner Before Previous Owner: POURLAVAEI FARSHID
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 139402

Zoning

  • Zoning: LARA

Geography

  • Assessors Map Reference: 21-B2
  • Subdivision Tract Number: 2605
  • Parcel: 2161-012-039
  • Lot: C
  • Municipality: NORTH /N.W. ENCINO
  • Latitude: 34.1636
  • Longitude: -118.541

    Address

  • Full Address: 18735 Wells Dr
  • Address - House Number: 18735
  • Address - Street Name: Wells
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Tarzana
  • Carrier Code: C005
  • 4-Digit Zip Code: 4107
  • Zip Code: 91356

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $44,210
  • Tax Rate Code Area: 00-037

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 4,981,140
  • High Value: 6,118,781
  • Low Value: 3,843,498

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,391,562
  • First Open Lien Mortgage Lender: MUFG UNION BANK NA
  • First Open Lien Mortgage Recording Date: Jun 02, 2016
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,391,562
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2046

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,782,846
  • Assessed Land Value: $1,499,542
  • Assessed Improvements Value: $2,283,304

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 19, 2016
  • Current Sale Recording Date: Jun 02, 2016
  • Current Sale Transaction ID: 1558476529
  • Current Sale Price: $3,250,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 16-0629933
  • Previous Sale Recording Date: Nov 07, 2001
  • Previous Sale Contract Date: Oct 26, 2001
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUFG UNION BANK NA
  • First Mortgage Transaction Date: Jun 02, 2016
  • First Mortgage Loan Amount: $2,391,562
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jun 01, 2046

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WILLIAM FRAZIER
  • Previous Mortgage Transaction Date: Nov 07, 2001
  • Previous Mortgage Loan Amount: $150,000

About South Valley



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Frequently Asked Questions

What neighborhood is 18735 Wells Drive located in?
The 18735 Wells Drive is a located in the neighborhood of Tarzana in South Valley, Tarzana.
What is the average sales price for listings in 18735 Wells Drive?
The average sales price for units in 18735 Wells Drive is $0 currently.

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