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5042 Loyola Avenue

5042 Loyola Avenue, Westminster, CA 92683
Property in Westminster
Refi Aug 30, 2023
Transfer
$1,590,000 by Finance Of America Reverse Llc
Mortgage Due Nov 20, 2106
5042 Loyola Avenue has been categorized by the local assessors in Westminster, CA as a residential type of property. The building on the property was first built in 1963 and is 61 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5042 Loyola Avenue has 2,116 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 1,010 ft and across the front of the lot is 640 ft. The area measurement of the land has been determined as 6,505 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional 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 garage for those who require parking. The garage measured 490 sqft. According to our sources, there are a total of 2 available parking spaces. The roof of the building is made of composition shingle. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $1,848 in taxes each year. 5042 Loyola Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $114,123. If we break it down further, the land itself was valued at $57,669. Improvements to the property, however, were assessed at a total of $56,454. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Traditional
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 490
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,505
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 640
  • Total Building Area: 2,116
  • Gross Building Area: 2,606
  • Building Area: 2,116
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,116
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TR 4489
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 4489 BLK LOT 62

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Huntington Beach Union High School District
  • Census Tract: 099906

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 14-E6
  • Subdivision Tract Number: 4489
  • Parcel: 203-166-03
  • Lot: 62
  • Latitude: 33.7625
  • Longitude: -118.042

    Address

  • Full Address: 5042 Loyola Ave
  • Address - House Number: 5042
  • Address - Street Name: Loyola
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Westminster
  • Carrier Code: C005
  • 4-Digit Zip Code: 2721
  • Zip Code: 92683

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,848
  • Tax Rate Code Area: 20-025

    Appraisal Valuation

  • Standard Deviation: 0.1787
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 76
  • Final Value: 1,262,082
  • High Value: 1,487,692
  • Low Value: 1,036,471

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,590,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA REVERSE LLC
  • First Open Lien Mortgage Recording Date: Aug 30, 2023
  • First Open Lien Mortgage Loan Amount: $1,590,000
  • First Open Lien Mortgage Term: 998
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Nov 20, 2106

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $114,123
  • Assessed Land Value: $57,669
  • Assessed Improvements Value: $56,454

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Frequently Asked Questions

What neighborhood is 5042 Loyola Avenue located in?
The 5042 Loyola Avenue is a located in the neighborhood of Westminster in Westminster, Westminster.
What is the average sales price for listings in 5042 Loyola Avenue?
The average sales price for units in 5042 Loyola Avenue is $0 currently.

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