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4305 Kraft Avenue

4305 Kraft Avenue, Studio City, CA 91604
Property in Studio City
Sold Oct 15, 2021
$3,200,000
$2,400,000 by Wintrust Mortgage
Mortgage Due Nov 01, 2051
Sold Jul 01, 2016
$2,300,000
$1,840,000 by Jpmorgan Chase Bank Na
Mortgage Due Jul 01, 2046
Local assessors in Studio City, CA have categorized 4305 Kraft Avenue as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 6,750 square feet. The linear feet between the front and back of the lot was measured at 1,350 ft and the front of the lot was measured at 500 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 4305 Kraft Avenue has a total of 3,815 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. 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. 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 central air conditioning 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, 4305 Kraft Avenue was last sold in Oct 13, 2021 for $3,200,000. According to our calculations, that's $838.79 per sqft. Prior to that sales transaction, the property was sold for $2,300,000 in Jun 22, 2016. Current property owners are expected to pay $37,853 in taxes per year. The property on 4305 Kraft Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,264,000. To break that down further, the land itself was valued at $2,026,944. While improvements to the property were assessed at a total of $1,237,056. 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: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • 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
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 6,750
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,815
  • Building Area: 3,815
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,815
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 94
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 94O9 LOT/SEC 31

Ownership

  • Current Owner : HERBST SCOTT
  • Current Owner 2: HERBST DANIELLE
  • Previous Owner : HARRIS JAMES
  • Previous Owner 2: HARRIS ANA VALERIA
  • Owner Before Previous Owner: 4312 AGNES LLC
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 143302

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 23-D4
  • Subdivision Tract Number: 94
  • Parcel: 2365-029-006
  • Lot: 31
  • Municipality: NORTH /STUDIO CITY
  • Latitude: 34.1476
  • Longitude: -118.38

    Address

  • Full Address: 4305 Kraft Ave
  • Address - House Number: 4305
  • Address - Street Name: Kraft
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Studio City
  • Carrier Code: C014
  • 4-Digit Zip Code: 2742
  • Zip Code: 91604

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $37,853
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.2256
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,798,276
  • High Value: 3,429,743
  • Low Value: 2,166,808

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,400,000
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 15, 2021
  • First Open Lien Mortgage Loan Amount: $2,400,000
  • 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: Nov 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,264,000
  • Assessed Land Value: $2,026,944
  • Assessed Improvements Value: $1,237,056

    Sales

  • Current Sale Contract Date: Oct 13, 2021
  • Current Sale Recording Date: Oct 15, 2021
  • Current Sale Transaction ID: 11859545674
  • Current Sale Price: $3,200,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1557029
  • Previous Sale Recording Date: Jul 01, 2016
  • Previous Sale Contract Date: Jun 22, 2016
  • Previous Sale Amount: $2,300,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Oct 15, 2021
  • First Mortgage Loan Amount: $2,400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Jul 01, 2016
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,840,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2046

About South Valley



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 4305 Kraft Avenue located in?
The 4305 Kraft Avenue is a located in the neighborhood of Studio City in South Valley, Studio City.
What is the average sales price for listings in 4305 Kraft Avenue?
The average sales price for units in 4305 Kraft Avenue is $0 currently.

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