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26948 Basswood Avenue

26948 Basswood Avenue, Rancho Palos Verdes, CA 90275
Sold May 23, 2006
$1,000,000
$350,000 by Citibank Na
Mortgage Due Sep 01, 2042
Sold Jan 27, 2003
$585,000
$468,000 by Dba Paramount Residential Mort
Mortgage Due Feb 01, 2033
26948 Basswood Avenue has been categorized by the local assessors in Rancho Palos Verdes, CA as a residential type of property. The building on the property was first built in 1958 and is 66 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 26948 Basswood Avenue has 1,659 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 1,200 ft and across the front of the lot is 720 ft. The area measurement of the land has been determined as 8,550 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. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as good. 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. The building has a gable style roof made of gravel/rock. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. 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, 26948 Basswood Avenue was last sold in Apr 17, 2006 for $1,000,000. According to our calculations, that's $602.77 per sqft. Prior to that sales transaction, the property was sold for $585,000 in Dec 9, 2002. Current property owners are expected to pay $14,417 in taxes per year. The property on 26948 Basswood Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,313,502. To break that down further, the land itself was valued at $1,050,808. While improvements to the property were assessed at a total of $262,694. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,550
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 720
  • Total Building Area: 1,659
  • Building Area: 1,659
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,659
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 21350
  • Land Acres: 0.196
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 21350 LOT/SEC 65

Ownership

  • Current Owner : CHAN TOMMY W
  • Current Owner 2: CHAN ANGELINE K
  • Previous Owner : SUFRIN GARY
  • Previous Owner 2: SUFRIN LUELLA
  • Owner Before Previous Owner: KIM HONGGIE
  • Owner Before Previous Owner 2: KIM JEONG HEE
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palos Verdes Peninsula Unified School District
  • Census Tract: 670418

Zoning

  • Zoning: RPRS8000*

Geography

  • Assessors Map Reference: 72-E4
  • Subdivision Tract Number: 21350
  • Parcel: 7577-014-012
  • Lot: 65
  • Municipality: SOUTH /CENTRAL P V SFR
  • Latitude: 33.78
  • Longitude: -118.376

    Address

  • Full Address: 26948 Basswood Ave
  • Address - House Number: 26948
  • Address - Street Name: Basswood
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Rancho Palos Verdes
  • Carrier Code: C031
  • 4-Digit Zip Code: 2272
  • Zip Code: 90275

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,417
  • Tax Rate Code Area: 07-099

    Appraisal Valuation

  • Standard Deviation: 0.1876
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 75
  • Final Value: 1,618,538
  • High Value: 1,922,184
  • Low Value: 1,314,891

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $350,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Aug 09, 2012
  • First Open Lien Mortgage Loan Amount: $350,000
  • 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: Sep 01, 2042

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,313,502
  • Assessed Land Value: $1,050,808
  • Assessed Improvements Value: $262,694

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 17, 2006
  • Current Sale Recording Date: May 23, 2006
  • Current Sale Transaction ID: 1034105042
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 06-1127912
  • Previous Sale Recording Date: Jan 27, 2003
  • Previous Sale Contract Date: Dec 09, 2002
  • Previous Sale Amount: $585,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: May 23, 2006
  • First Mortgage Loan Amount: $799,950
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jun 01, 2036

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: DBA PARAMOUNT RESIDENTIAL MORT
  • Previous Mortgage Transaction Date: Jan 27, 2003
  • Previous Mortgage Loan Amount: $468,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Feb 01, 2033

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Frequently Asked Questions

What neighborhood is 26948 Basswood Avenue located in?
The 26948 Basswood Avenue is a located in the neighborhood of Rancho Palos Verdes in Rancho Palos Verdes, Rancho Palos Verdes.
What is the average sales price for listings in 26948 Basswood Avenue?
The average sales price for units in 26948 Basswood Avenue is $0 currently.

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