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3918 Fernwood Avenue

3918 Fernwood Avenue, Los Angeles, CA 90027
Property in Franklin Hills
Sold Sep 08, 2017
$1,047,500
$475,000 by Jmj Financial Group
Mortgage Due Oct 01, 2047
Sold Aug 02, 2006
$625,000
$625,000 by First Capital Mortgage
Mortgage Due Aug 01, 2036
3918 Fernwood Avenue in Los Angeles, CA was first built in 1921 and is 103 years old. Although, the building on the property was most recently renovated and altered in 1924. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 3918 Fernwood Avenue has 826 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 800. In total, the area measurement of the land is 3,200 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of roll composition. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. As for heating, the home is utilizing floor/wall heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 3918 Fernwood Avenue sold most recently in Sep 1, 2017 for a total of $1,047,500. If you work out the math, that's approximately a cost of $1,268.16 per sqft. Before that, the property was also sold for $625,000 in Jul 11, 2006. 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 $13,158 in taxes each year. 3918 Fernwood Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,145,154. If we break it down further, the land itself was valued at $916,146. Improvements to the property, however, were assessed at a total of $229,008. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1921
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • 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: 3,200
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 400
  • Total Building Area: 826
  • Building Area: 826
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 826
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 3594
  • Land Acres: 0.074
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 3594 LOT/SEC 18 BLK/DIV/TWN 1

Ownership

  • Current Owner : MURPHY SHANNON E
  • Current Owner 2: MURPHY MICHAEL A
  • Previous Owner : THOMAS DIEGO L
  • Owner Before Previous Owner: SHIPLEY EDWARD HAROLD
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 195202

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 35-A3
  • Subdivision Tract Number: 3594
  • Parcel: 5430-027-019
  • Block: 1
  • Lot: 18
  • Municipality: EAST /LA SILVER LAKE
  • Latitude: 34.0962
  • Longitude: -118.278

    Address

  • Full Address: 3918 Fernwood Ave
  • Address - House Number: 3918
  • Address - Street Name: Fernwood
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C054
  • 4-Digit Zip Code: 4736
  • Zip Code: 90027

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,158
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.2254
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,578,983
  • High Value: 1,934,956
  • Low Value: 1,223,009

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $475,000
  • First Open Lien Mortgage Lender: JMJ FINANCIAL GROUP
  • First Open Lien Mortgage Recording Date: Sep 08, 2017
  • First Open Lien Mortgage Loan Amount: $475,000
  • 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: Oct 01, 2047

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,145,154
  • Assessed Land Value: $916,146
  • Assessed Improvements Value: $229,008

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 01, 2017
  • Current Sale Recording Date: Sep 08, 2017
  • Current Sale Transaction ID: 1733250161
  • Current Sale Price: $1,047,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-1022160
  • Previous Sale Recording Date: Aug 02, 2006
  • Previous Sale Contract Date: Jul 11, 2006
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JMJ FINANCIAL GROUP
  • First Mortgage Transaction Date: Sep 08, 2017
  • First Mortgage Loan Amount: $475,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: FIRST CAPITAL MORTGAGE
  • Previous Mortgage Transaction Date: Aug 02, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $625,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2036

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Frequently Asked Questions

What neighborhood is 3918 Fernwood Avenue located in?
The 3918 Fernwood Avenue is a located in the neighborhood of Franklin Hills in Central LA, Los Angeles.
What is the average sales price for listings in 3918 Fernwood Avenue?
The average sales price for units in 3918 Fernwood Avenue is $0 currently.

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