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404 Sherman Canal Walk

404 Sherman Canal Walk, Venice, CA 90291
Sold Feb 01, 2023
$5,495,000
$3,571,750 by Change Lending Llc
Mortgage Due Feb 01, 2053
Sold Dec 22, 2016
$2,350,000
404 Sherman Canal Walk in Venice, CA was first built in 2022 and is 2 years old. 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. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 404 Sherman Canal Walk has 3,950 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. In total, the area measurement of the land is 2,850 square feet.

Learn more about the property and building on this page. The roof of the home is made of tile. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. 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 A. The exterior walls of the home are made of stucco. As for heating, the home is utilizing a central 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. The property was last sold in Jan 26, 2023 for $5,495,000. That's $1,391.14 per sqft. Prior to that sales transaction, the property was also sold in Dec 20, 2016 for $2,350,000. 404 Sherman Canal Walk was last assessed in 2023. The total value of the property was assessed at $4,500,668. Specifically, the land the property is located on was valued at $2,621,468. While improvements on the property were assessed at a total of $1,879,200. 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 $30,147. The initial tax year of delinquency was in 2021. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.

Building Features

Condition

New Construction

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,850
  • Total Building Area: 3,950
  • Building Area: 3,950
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 3,950
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHORT LINE BEACH VENICE CANAL SUB #1
  • Land Acres: 0.065
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SHORT LINE BEACH VENICE CANAL SUB NO 1 LOT/SEC 39 BLK/DIV/TWN 52

Ownership

  • Current Owner : DANIEL J LOUTH REVOCABLE LIVING TRUST
  • Previous Owner : 404 SHERMAN LLC
  • Owner Before Previous Owner: COPSIMO TRUST LLC
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273902

Zoning

  • Zoning: LARW1

Geography

  • Assessors Map Reference: 49-C5
  • Parcel: 4227-015-024
  • Block: 52
  • Lot: 39
  • Municipality: WEST /MARINA DELREY/SS
  • Latitude: 33.9832
  • Longitude: -118.465

    Address

  • Full Address: 404 Sherman Canal
  • Address - House Number: 404
  • Address - Street Name: Sherman Canal
  • State: CA
  • City Name: Venice
  • Carrier Code: C029
  • 4-Digit Zip Code: 4639
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $30,147
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2249
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 4,951,703
  • High Value: 6,065,704
  • Low Value: 3,837,702

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,571,750
  • First Open Lien Mortgage Lender: CHANGE LENDING LLC
  • First Open Lien Mortgage Recording Date: Feb 01, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,571,750
  • 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: Feb 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,500,668
  • Assessed Land Value: $2,621,468
  • Assessed Improvements Value: $1,879,200

    Sales

  • Current Sale Contract Date: Jan 26, 2023
  • Current Sale Recording Date: Feb 01, 2023
  • Current Sale Transaction ID: 11901595332
  • Current Sale Price: $5,495,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 66678
  • Previous Sale Recording Date: Dec 22, 2016
  • Previous Sale Contract Date: Dec 20, 2016
  • Previous Sale Amount: $2,350,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHANGE LENDING LLC
  • First Mortgage Transaction Date: Feb 01, 2023
  • First Mortgage Loan Amount: $3,571,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 404 Sherman Canal Walk located in?
The 404 Sherman Canal Walk is a house located in the neighborhood of Venice Canals in West Los Angeles, Venice.
What is the average sales price for listings in 404 Sherman Canal Walk?
The average sales price for units in 404 Sherman Canal Walk is $0 currently.

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