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5248 Buffalo Avenue

5248 Buffalo Avenue, Van Nuys, CA 91401
Property in Sherman Oaks
Sold Feb 16, 2023
$1,220,000
$400,000 by Freedom Mortgage Corporation
Mortgage Due Jul 01, 2053
Sold May 04, 2004
$691,000
$552,800 by Indymac Bank Fsb
Mortgage Due May 01, 2034
5248 Buffalo Avenue has been categorized by the local assessors in Van Nuys, CA as a residential type of property. The building on the property was first built in 1950 and is 74 years old. However, we must point out that the home was most recently renovated and altered in 1961. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5248 Buffalo Avenue has 1,599 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 1,200 ft and across the front of the lot is 540 ft. The area measurement of the land has been determined as 6,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. According to our sources, there is one available parking space. Love to swim? You'll be excited to find out that there is a pool on the property. 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 B by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5248 Buffalo Avenue sold most recently in Feb 6, 2023 for a total of $1,220,000. If you work out the math, that's approximately a cost of $762.98 per sqft. Before that, the property was also sold for $691,000 in Mar 10, 2004. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $15,425 in taxes each year. 5248 Buffalo Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,321,920. If we break it down further, the land itself was valued at $793,560. Improvements to the property, however, were assessed at a total of $528,360. 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: 1950
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 6,500
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,599
  • Building Area: 1,599
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,599
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 13776
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 13776 LOT/SEC 55

Ownership

  • Current Owner : MARSHALL SONIA
  • Current Owner 2: MARSHALL LAURIE
  • Previous Owner : ARUNI S BLOUNT LIVING TRUST
  • Owner Before Previous Owner: LIGHT LINAIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 124600

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 22-F2
  • Subdivision Tract Number: 13776
  • Parcel: 2344-027-003
  • Lot: 55
  • Municipality: NORTH /V NUYS/SHEROAKS
  • Latitude: 34.1662
  • Longitude: -118.43

    Address

  • Full Address: 5248 Buffalo Ave
  • Address - House Number: 5248
  • Address - Street Name: Buffalo
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Sherman Oaks
  • Carrier Code: C013
  • 4-Digit Zip Code: 5929
  • Zip Code: 91401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,425
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,295,155
  • High Value: 1,586,337
  • Low Value: 1,003,974

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: FREEDOM MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Jun 22, 2023
  • First Open Lien Mortgage Loan Amount: $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: Jul 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,321,920
  • Assessed Land Value: $793,560
  • Assessed Improvements Value: $528,360

    Sales

  • Current Sale Contract Date: Feb 06, 2023
  • Current Sale Recording Date: Feb 16, 2023
  • Current Sale Transaction ID: 11902115756
  • Current Sale Price: $1,220,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 102098
  • Previous Sale Recording Date: May 04, 2004
  • Previous Sale Contract Date: Mar 10, 2004
  • Previous Sale Amount: $691,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: INDYMAC BANK FSB
  • Previous Mortgage Transaction Date: May 04, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $552,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2034

About South Valley



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Frequently Asked Questions

What neighborhood is 5248 Buffalo Avenue located in?
The 5248 Buffalo Avenue is a located in the neighborhood of Sherman Oaks in South Valley, Van Nuys.
What is the average sales price for listings in 5248 Buffalo Avenue?
The average sales price for units in 5248 Buffalo Avenue is $0 currently.

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