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509 Penn Street

509 Penn Street, El Segundo, CA 90245
Property in El Segundo
Refi Jun 24, 2020
Transfer
$525,000 by First Republic Bank
Mortgage Due Jul 01, 2050
509 Penn Street has been categorized by the local assessors in El Segundo, CA as a residential type of property. The building on the property was first built in 1954 and is 70 years old. However, we must point out that the home was most recently renovated and altered in 2014. The home has a total of 8 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. In addition, 509 Penn Street has 3,527 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,005 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex 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. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The inside of the home is being cooled with air conditioning at the moment. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $9,021 in taxes per year. The property on 509 Penn Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $771,912. To break that down further, the land itself was valued at $256,696. While improvements to the property were assessed at a total of $515,216. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1954
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,005
  • Total Building Area: 3,527
  • Gross Building Area: 3,527
  • Building Area: 3,527
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,527
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 2540
  • Land Acres: 0.138
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT NO 2540 LOT/SEC 53

Ownership

  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: El Segundo Unified School District
  • Census Tract: 620002

Zoning

  • Zoning: ESR2YY

Geography

  • Assessors Map Reference: 56-B6
  • Subdivision Tract Number: 2540
  • Parcel: 4133-007-018
  • Lot: 53
  • Municipality: SOUTH /EL SEGUNDO R.I.
  • Latitude: 33.9226
  • Longitude: -118.41

    Address

  • Full Address: 509 Penn St
  • Address - House Number: 509
  • Address - Street Name: Penn
  • Address - Suffix Type: St
  • State: CA
  • City Name: El Segundo
  • Carrier Code: C015
  • 4-Digit Zip Code: 3025
  • Zip Code: 90245

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,021
  • Tax Rate Code Area: 03-710

    Appraisal Valuation

  • Standard Deviation: 0.227
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 2,140,802
  • High Value: 2,626,975
  • Low Value: 1,654,628

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $1,550,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jun 24, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $525,000
  • 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: Jul 01, 2050
  • Second Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • Second Open Lien Mortgage Recording Date: Apr 27, 2022
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $775,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 01, 2052
  • Third Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • Third Open Lien Mortgage Recording Date: Apr 27, 2022
  • Third Open Lien Mortgage Financing Type: Adjustable Rate
  • Third Open Lien Mortgage Loan Amount: $250,000
  • Third Open Lien Mortgage Term: 299
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Loan Due Date: Apr 26, 2047

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $771,912
  • Assessed Land Value: $256,696
  • Assessed Improvements Value: $515,216

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Frequently Asked Questions

What neighborhood is 509 Penn Street located in?
The 509 Penn Street is a located in the neighborhood of El Segundo in El Segundo, El Segundo.
What is the average sales price for listings in 509 Penn Street?
The average sales price for units in 509 Penn Street is $0 currently.

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