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4220 Allott Avenue

4220 Allott Avenue, Sherman Oaks, CA 91423
Property in Sherman Oaks
Sold Sep 08, 2021
$3,500,000
$2,800,000 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2051
Sold Jan 31, 2020
$1,410,000
$1,128,000 by Goldman Sachs Bank Usa
Mortgage
Local assessors in Sherman Oaks, CA have categorized 4220 Allott Avenue as a residential type of property. The home was built in 2021 and is 3 years old. The property's lot size has been calculated to be 7,972 square feet. The linear feet between the front and back of the lot was measured at 1,330 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 5 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 5 full bathrooms. There are also 5 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 4220 Allott Avenue has a total of 3,836 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. The home sources its water from a municipal system. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 hip style roof that was made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on a wall air conditioning unit for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 4220 Allott Avenue was last sold in Apr 20, 2021 for $3,500,000. According to our calculations, that's $912.41 per sqft. Prior to that sales transaction, the property was sold for $1,410,000 in Jan 17, 2020. Current property owners are expected to pay $41,174 in taxes per year. The property on 4220 Allott Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,570,000. To break that down further, the land itself was valued at $2,856,000. While improvements to the property were assessed at a total of $714,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • 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: Detached
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,972
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 600
  • Total Building Area: 3,836
  • Building Area: 3,836
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Wall air conditioning unit
  • Heating: Central heating
  • Heated Square Feet: 3,836
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 5956
  • Land Acres: 0.183
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 5956 LOT/SEC 13 BLK/DIV/TWN E

Ownership

  • Current Owner : CHEN JONATHAN
  • Previous Owner : 4220 ALLOTT STREET LLC
  • Owner Before Previous Owner: GIROCCO DAWN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 141102

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 22-F4
  • Subdivision Tract Number: 5956
  • Parcel: 2373-009-011
  • Block: E
  • Lot: 13
  • Municipality: NORTH /SHERMAN OAKS
  • Latitude: 34.1466
  • Longitude: -118.428

    Address

  • Full Address: 4220 Allott Ave
  • Address - House Number: 4220
  • Address - Street Name: Allott
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Sherman Oaks
  • Carrier Code: C021
  • 4-Digit Zip Code: 4304
  • Zip Code: 91423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $41,174
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,384,451
  • High Value: 2,920,616
  • Low Value: 1,848,287

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,971,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 08, 2021
  • First Open Lien Mortgage Loan Amount: $2,800,000
  • 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, 2051
  • Second Open Lien Mortgage Lender: FREMONT BANK
  • Second Open Lien Mortgage Recording Date: Apr 07, 2022
  • Second Open Lien Mortgage Loan Amount: $171,000
  • 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: Apr 20, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,570,000
  • Assessed Land Value: $2,856,000
  • Assessed Improvements Value: $714,000

    Sales

  • Current Sale Contract Date: Apr 20, 2021
  • Current Sale Recording Date: Sep 08, 2021
  • Current Sale Transaction ID: 11854608347
  • Current Sale Price: $3,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1372083
  • Previous Sale Recording Date: Jan 31, 2020
  • Previous Sale Contract Date: Jan 17, 2020
  • Previous Sale Amount: $1,410,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 08, 2021
  • First Mortgage Loan Amount: $2,800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: GOLDMAN SACHS BANK USA
  • Previous Mortgage Transaction Date: Jan 31, 2020
  • Previous Mortgage Loan Amount: $1,128,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About South Valley



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Frequently Asked Questions

What neighborhood is 4220 Allott Avenue located in?
The 4220 Allott Avenue is a located in the neighborhood of Sherman Oaks in South Valley, Sherman Oaks.
What is the average sales price for listings in 4220 Allott Avenue?
The average sales price for units in 4220 Allott Avenue is $0 currently.

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