245 South Westlake Avenue

245 South Westlake Avenue has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1997 and is 27 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. In addition, 245 South Westlake Avenue has 1,821 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,268 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 A by the local assessor. In terms of heating, it is utilizing a central heating system. The property was last sold in Feb 20, 2024 for $3,600,000. That's $1,976.94 per sqft. Prior to that sales transaction, the property was also sold in Feb 20, 2024 for $3,900,000. 245 South Westlake Avenue was last assessed in 2023. The total value of the property was assessed at $1,300,499. Specifically, the land the property is located on was valued at $952,486. While improvements on the property were assessed at a total of $348,013. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $15,204. The initial tax year of delinquency was in 2022. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.