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6197 Palau Street

6197 Palau Street, Cypress, CA 90630
Property in Cypress
Sold Oct 08, 2021
$925,000
$575,000 by Finance Of America Mortgage Ll
Mortgage Due Nov 01, 2051
6197 Palau Street in Cypress, CA was first built in 1971 and is 53 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a contemporary style. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 6197 Palau Street has 2,250 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,800 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 471 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 6197 Palau Street sold most recently in Sep 14, 2021 for a total of $925,000. If you work out the math, that's approximately a cost of $411.11 per sqft. 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 $10,566 in taxes each year. 6197 Palau Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $943,500. If we break it down further, the land itself was valued at $787,416. Improvements to the property, however, were assessed at a total of $156,084. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Contemporary
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 471
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 2,250
  • Gross Building Area: 2,721
  • Building Area: 2,250
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,250
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TRACT NUMBER 6878
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 6878 BLK LOT 70

Ownership

  • Current Owner : GOMEZ HECTOR
  • Current Owner 2: GOMEZ CASSANDRA
  • Previous Owner : LESTER NANCY
  • Previous Owner 2: STRASSENBURG PAUL S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Garden Grove Unified School District
  • Census Tract: 110010

Geography

  • Assessors Map Reference: 14-F3
  • Subdivision Tract Number: 6878
  • Parcel: 224-072-14
  • Lot: 70
  • Latitude: 33.7934
  • Longitude: -118.024

    Address

  • Full Address: 6197 Palau St
  • Address - House Number: 6197
  • Address - Street Name: Palau
  • Address - Suffix Type: St
  • State: CA
  • City Name: Cypress
  • Carrier Code: C021
  • 4-Digit Zip Code: 5649
  • Zip Code: 90630

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,566
  • Tax Rate Code Area: 19-025

    Appraisal Valuation

  • Standard Deviation: 0.1594
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 1,210,154
  • High Value: 1,438,099
  • Low Value: 982,210

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $675,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $575,000
  • 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
  • Second Open Lien Mortgage Lender: LONG BEACH CITY EMPLOYEES FCU
  • Second Open Lien Mortgage Recording Date: Mar 08, 2024
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2044

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $943,500
  • Assessed Land Value: $787,416
  • Assessed Improvements Value: $156,084

    Sales

  • Current Sale Contract Date: Sep 14, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11859327246
  • Current Sale Price: $925,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021000621358

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $575,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

About Cypress



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Frequently Asked Questions

What neighborhood is 6197 Palau Street located in?
The 6197 Palau Street is a located in the neighborhood of Cypress in Cypress, Cypress.
What is the average sales price for listings in 6197 Palau Street?
The average sales price for units in 6197 Palau Street is $0 currently.

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