7044 Lanewood Avenue

Local assessors in Los Angeles, CA have categorized 7044 Lanewood Avenue as a residential type of property. The home was built in 1956 and is 68 years old. The property's lot size has been calculated to be 22,473 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 36 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 34 full bathrooms. There are also 34 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 7044 Lanewood Avenue has a total of 17,650 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. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 - B. Residents rely on air conditioning for their cooling system. 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, 7044 Lanewood Avenue was last sold in Sep 28, 2021 for $7,500,000. According to our calculations, that's $424.93 per sqft. Current property owners are expected to pay $90,840 in taxes per year. The property on 7044 Lanewood Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $7,650,000. To break that down further, the land itself was valued at $5,610,000. While improvements to the property were assessed at a total of $2,040,000. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.