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3119 North Valley Drive

3119 North Valley Drive, Manhattan Beach, CA 90266
Property in Tree Section
Sold Aug 26, 2016
$1,202,000
$700,000 by Plaza Loans Services
Mortgage Due Sep 01, 2046
Sold Aug 13, 2008
$720,000
$576,000 by Downey Savings & Loan Associat
Mortgage
3119 North Valley Drive has been categorized by the local assessors in Manhattan Beach, CA as a residential type of property. The building on the property was first built in 1955 and is 69 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3119 North Valley Drive has 855 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 1,000 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 2,500 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 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 hip style roof made of composition shingle. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing floor/wall heating system. Finally, the property is currently sourcing its water from a municipal system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3119 North Valley Drive sold most recently in Aug 19, 2016 for a total of $1,202,000. If you work out the math, that's approximately a cost of $1,405.85 per sqft. Before that, the property was also sold for $720,000 in Jul 31, 2008. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $15,125 in taxes each year. 3119 North Valley Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,340,848. If we break it down further, the land itself was valued at $1,072,679. Improvements to the property, however, were assessed at a total of $268,169. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 855
  • Building Area: 855
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 855
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 1638
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 1638 LOT/SEC 19 BLK/DIV/TWN 27

Ownership

  • Current Owner : CHEN JESSE T
  • Current Owner 2: CHIU GLORIA
  • Previous Owner : JENSEN SHAWN
  • Previous Owner 2: NISHIMURA JENNIFER
  • Owner Before Previous Owner: SOUDER CAROLE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Manhattan Beach Unified School District
  • Census Tract: 620301

Zoning

  • Zoning: MNRS

Geography

  • Assessors Map Reference: 62-C2
  • Subdivision Tract Number: 1638
  • Parcel: 4173-010-015
  • Block: 27
  • Lot: 19
  • Municipality: SOUTH /MANH. BEACH SFR
  • Latitude: 33.8989
  • Longitude: -118.398

    Address

  • Full Address: 3119 N Valley Dr
  • Address - House Number: 3119
  • Street Direction: N
  • Address - Street Name: Valley
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Manhattan Beach
  • Carrier Code: C031
  • 4-Digit Zip Code: 3634
  • Zip Code: 90266

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,125
  • Tax Rate Code Area: 06-174

    Appraisal Valuation

  • Standard Deviation: 0.2272
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 1,888,566
  • High Value: 2,317,771
  • Low Value: 1,459,362

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,200,000
  • First Open Lien Mortgage Lender: PLAZA LOANS SERVICES
  • First Open Lien Mortgage Recording Date: Aug 26, 2016
  • First Open Lien Mortgage Loan Amount: $700,000
  • 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, 2046
  • Second Open Lien Mortgage Lender: KINECTA FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jan 24, 2024
  • Second Open Lien Mortgage Loan Amount: $500,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jan 31, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,340,848
  • Assessed Land Value: $1,072,679
  • Assessed Improvements Value: $268,169

    Sales

  • Current Sale Contract Date: Aug 19, 2016
  • Current Sale Recording Date: Aug 26, 2016
  • Current Sale Transaction ID: 1742144281
  • Current Sale Price: $1,202,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 16-1022174
  • Previous Sale Recording Date: Aug 13, 2008
  • Previous Sale Contract Date: Jul 31, 2008
  • Previous Sale Amount: $720,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLAZA LOANS SERVICES
  • First Mortgage Transaction Date: Aug 26, 2016
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: DOWNEY SAVINGS & LOAN ASSOCIAT
  • Previous Mortgage Transaction Date: Aug 13, 2008
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $576,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Tree Section



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Frequently Asked Questions

What neighborhood is 3119 North Valley Drive located in?
The 3119 North Valley Drive is a located in the neighborhood of Tree Section in Tree Section, Manhattan Beach.
What is the average sales price for listings in 3119 North Valley Drive?
The average sales price for units in 3119 North Valley Drive is $0 currently.

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