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3007 Potomac Avenue

3007 Potomac Avenue, Los Angeles, CA 90016
Property in West Adams
Sold Aug 03, 1998
$93,000
$185,000 by The California Cu
Mortgage Due Jul 01, 2034
Sold May 04, 1998
$100,000
Local assessors in Los Angeles, CA have categorized 3007 Potomac Avenue as a residential type of property. The home was built in 1925 and is 99 years old. It was most recently renovated and altered in 1972. The property's lot size has been calculated to be 5,211 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 400 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Spanish style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 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 3007 Potomac Avenue has a total of 1,577 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 flat style roof that was made of roll composition. 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. The property was last sold in Jul 13, 1998 for $93,000. That's $58.97 per sqft. Prior to that sales transaction, the property was also sold in Apr 28, 1998 for $100,000. 3007 Potomac Avenue was last assessed in 2023. The total value of the property was assessed at $326,236. Specifically, the land the property is located on was valued at $112,093. While improvements on the property were assessed at a total of $214,143. 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 $3,948. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,211
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,577
  • Building Area: 1,577
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,577
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 7030
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 7030 LOT/SEC 20

Ownership

  • Current Owner : BURCIAGA VICTOR M
  • Current Owner 2: RUIZ VICENTE PAUL
  • Previous Owner : ASSOCIATES HOME EQUITY SERVICES INC
  • Owner Before Previous Owner: BILLEW DEBORAH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 220000

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 43-B5
  • Subdivision Tract Number: 7030
  • Parcel: 5057-021-003
  • Lot: 20
  • Municipality: WEST /ADAMS/CRENSHAW
  • Latitude: 34.0273
  • Longitude: -118.344

    Address

  • Full Address: 3007 Potomac Ave
  • Address - House Number: 3007
  • Address - Street Name: Potomac
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C001
  • 4-Digit Zip Code: 4130
  • Zip Code: 90016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,948
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2306
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,137,949
  • High Value: 1,400,386
  • Low Value: 875,512

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $185,000
  • First Open Lien Mortgage Lender: THE CALIFORNIA CU
  • First Open Lien Mortgage Recording Date: Jun 12, 2014
  • First Open Lien Mortgage Loan Amount: $185,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2034

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $326,236
  • Assessed Land Value: $112,093
  • Assessed Improvements Value: $214,143

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 13, 1998
  • Current Sale Recording Date: Aug 03, 1998
  • Current Sale Transaction ID: 1009637900
  • Current Sale Price: $93,000
  • Current Sale Document Type: Corporation Deed
  • Current Sale Input Document Number: 98-1339055
  • Previous Sale Recording Date: May 04, 1998
  • Previous Sale Contract Date: Apr 28, 1998
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: CTX MTG
  • First Mortgage Transaction Date: Aug 03, 1998
  • First Mortgage Loan Amount: $92,536
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2028

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Frequently Asked Questions

What neighborhood is 3007 Potomac Avenue located in?
The 3007 Potomac Avenue is a located in the neighborhood of West Adams in South LA, Los Angeles.
What is the average sales price for listings in 3007 Potomac Avenue?
The average sales price for units in 3007 Potomac Avenue is $0 currently.

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