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3038 Somerset Drive

3038 Somerset Drive, Los Angeles, CA 90016
House in West Adams
Sold Sep 13, 2019
$929,000
$725,000 by Pmac Lending Services Inc
Mortgage Due May 01, 2051
Sold Jul 19, 2018
$789,000
3038 Somerset Drive 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 1925 and is 99 years old. However, we must point out that the home was most recently renovated and altered in 1958. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 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, 3038 Somerset Drive has 1,702 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 1,260 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 5,031 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Spanish 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 detached 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 average. 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 flat style roof made of roll composition. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing floor/wall 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. The property was last sold in Sep 6, 2019 for $929,000. That's $545.83 per sqft. Prior to that sales transaction, the property was also sold in Jun 7, 2018 for $789,000. 3038 Somerset Drive was last assessed in 2023. The total value of the property was assessed at $976,541. Specifically, the land the property is located on was valued at $781,234. While improvements on the property were assessed at a total of $195,307. 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 $11,445. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • 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
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,031
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,702
  • Building Area: 1,702
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,702
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 5780
  • Land Acres: 0.116
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 5780 S 20 FT OF LOT 161 AND N 20 FT OF LOT/SEC 162

Ownership

  • Current Owner : SUN ABEL CHIH HSIANG
  • Current Owner 2: HANSON KYRA YAEL
  • Previous Owner : J & J RENOVATIONS LLC
  • Owner Before Previous Owner: STOCKPINE PROPERTY VENTURES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: LARD2

Geography

  • Assessors Map Reference: 43-B5
  • Subdivision Tract Number: 5780
  • Parcel: 5050-030-050
  • Lot: 161
  • Municipality: WEST /ADAMS/CRENSHAW
  • Latitude: 34.0265
  • Longitude: -118.337

    Address

  • Full Address: 3038 Somerset Dr
  • Address - House Number: 3038
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C041
  • 4-Digit Zip Code: 4216
  • Zip Code: 90016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,445
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2242
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,283,077
  • High Value: 1,570,823
  • Low Value: 995,331

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $725,000
  • First Open Lien Mortgage Lender: PMAC LENDING SERVICES INC
  • First Open Lien Mortgage Recording Date: May 04, 2021
  • First Open Lien Mortgage Loan Amount: $725,000
  • 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: May 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $976,541
  • Assessed Land Value: $781,234
  • Assessed Improvements Value: $195,307

    Sales

  • Current Sale Contract Date: Sep 06, 2019
  • Current Sale Recording Date: Sep 13, 2019
  • Current Sale Transaction ID: 11645086156
  • Current Sale Price: $929,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0950298
  • Previous Sale Recording Date: Jul 19, 2018
  • Previous Sale Contract Date: Jun 07, 2018
  • Previous Sale Amount: $789,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: TJ FINANCIAL INC
  • First Mortgage Transaction Date: Sep 13, 2019
  • First Mortgage Loan Amount: $743,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2049

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Frequently Asked Questions

What neighborhood is 3038 Somerset Drive located in?
The 3038 Somerset Drive is a house located in the neighborhood of West Adams in South LA, Los Angeles.
What is the average sales price for listings in 3038 Somerset Drive?
The average sales price for units in 3038 Somerset Drive is $0 currently.

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