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514 Rialto Avenue

514 Rialto Avenue, Venice, CA 90291
Property in Windward Circle
Sold Jul 20, 2022
$2,320,000
$1,624,000 by First Republic Bank
Mortgage Due Aug 01, 2052
Sold Mar 20, 2001
$640,000
$412,000 by First Nationwide Mtg Corp
Mortgage Due Apr 01, 2031
Local assessors in Venice, CA have categorized 514 Rialto Avenue as a residential type of property. The home was built in 1953 and is 71 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 2,550 square feet. The linear feet between the front and back of the lot was measured at 850 ft and the front of the lot was measured at 300 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 5 rooms in the home. Of these, 2 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 2 full bathrooms. There are also 2 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 514 Rialto Avenue has a total of 2,186 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. 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 - A. 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. The home's a central heating system is the primary heating source. 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, 514 Rialto Avenue was last sold in Jun 22, 2022 for $2,320,000. According to our calculations, that's $1,061.30 per sqft. Prior to that sales transaction, the property was sold for $640,000 in Jan 24, 2001. Current property owners are expected to pay $14,091 in taxes per year. The property on 514 Rialto Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,320,000. To break that down further, the land itself was valued at $1,856,000. While improvements to the property were assessed at a total of $464,000. 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. 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.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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: A
  • 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

    Dimensions

  • Lot Size Square Feet: 2,550
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,186
  • Building Area: 2,186
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,186
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VENICE OF AMERICA TRACT
  • Land Acres: 0.059
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VENICE OF AMERICA LOT/SEC 26 BLK/DIV/TWN 19

Ownership

  • Current Owner : HAMMOND MARK WILLIAM
  • Current Owner 2: LOWE ELIZABETH FRANCES
  • Previous Owner : CHRISTOPHER D WARD REVOCABLE TRUST
  • Owner Before Previous Owner: GIANNOTTI BETTY A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273502

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 49-C4
  • Parcel: 4238-016-021
  • Block: 19
  • Lot: 26
  • Municipality: WEST /VENICE SOUTH
  • Latitude: 33.9889
  • Longitude: -118.467

    Address

  • Full Address: 514 Rialto Ave
  • Address - House Number: 514
  • Address - Street Name: Rialto
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C046
  • 4-Digit Zip Code: 4248
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,091
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 67
  • Final Value: 2,378,247
  • High Value: 2,929,161
  • Low Value: 1,827,333

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,031,200
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jul 20, 2022
  • First Open Lien Mortgage Loan Amount: $1,624,000
  • 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: Aug 01, 2052
  • Second Open Lien Mortgage Lender: FIRST-CITIZENS BANK & TRUST CO
  • Second Open Lien Mortgage Recording Date: Nov 29, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $407,200
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,320,000
  • Assessed Land Value: $1,856,000
  • Assessed Improvements Value: $464,000

    Sales

  • Current Sale Contract Date: Jun 22, 2022
  • Current Sale Recording Date: Jul 20, 2022
  • Current Sale Transaction ID: 11892281990
  • Current Sale Price: $2,320,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 741733
  • Previous Sale Recording Date: Mar 20, 2001
  • Previous Sale Contract Date: Jan 24, 2001
  • Previous Sale Amount: $640,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Jul 20, 2022
  • First Mortgage Loan Amount: $1,624,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONWIDE MTG CORP
  • Previous Mortgage Transaction Date: Mar 20, 2001
  • Previous Mortgage Loan Amount: $412,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Apr 01, 2031

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Frequently Asked Questions

What neighborhood is 514 Rialto Avenue located in?
The 514 Rialto Avenue is a located in the neighborhood of Windward Circle in West Los Angeles, Venice.
What is the average sales price for listings in 514 Rialto Avenue?
The average sales price for units in 514 Rialto Avenue is $0 currently.

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