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7141 Cole Street

7141 Cole Street, Downey, CA 90242
Property in Downey
Sold Jan 02, 2024
$950,000
$256,000 by Wescom Central Credit Union
Mortgage Due Jan 01, 2054
Sold Apr 27, 2023
$703,000
$492,000 by Corona Capital Group Llc
Mortgage Due Nov 01, 2023
7141 Cole Street in Downey, CA was first built in 1969 and is 55 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 conventional style. It is a single story home. There are a total of 10 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 7141 Cole Street has 1,768 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. The linear feet across the front of the lot is 550 ft and the linear feet between the front and back of the lot is 950. In total, the area measurement of the land is 5,225 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of wood shake/ shingles. There is one available parking space. 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 wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. 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. 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, 7141 Cole Street was last sold in Nov 17, 2023 for $950,000. According to our calculations, that's $537.33 per sqft. Prior to that sales transaction, the property was sold for $703,000 in Mar 15, 2023. Current property owners are expected to pay $6,200 in taxes per year. The property on 7141 Cole Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $490,582. To break that down further, the land itself was valued at $234,472. While improvements to the property were assessed at a total of $256,110. 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: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,225
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,768
  • Building Area: 1,768
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,768
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 26653
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 26653 LOT/SEC 21

Ownership

  • Current Owner : 2017 AMENDMENT AND RESTATEMENT OF THE ORTEGA
  • Current Owner 2: BERUMEN
  • Previous Owner : 7141 COLE STREET LLC
  • Owner Before Previous Owner: MULVOY ANNE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trust

Neighborhood

  • School District Name: Downey Unified School District
  • Census Tract: 551401

Zoning

  • Zoning: DOR1*

Geography

  • Assessors Map Reference: 59-F3
  • Subdivision Tract Number: 26653
  • Parcel: 6232-012-014
  • Lot: 21
  • Municipality: SOUTH /DOWNEY WEST
  • Latitude: 33.9424
  • Longitude: -118.16

    Address

  • Full Address: 7141 Cole St
  • Address - House Number: 7141
  • Address - Street Name: Cole
  • Address - Suffix Type: St
  • State: CA
  • City Name: Downey
  • Carrier Code: C009
  • 4-Digit Zip Code: 2010
  • Zip Code: 90242

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,200
  • Tax Rate Code Area: 03-307

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 96
  • Final Value: 939,804
  • High Value: 1,003,487
  • Low Value: 876,121

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $256,000
  • First Open Lien Mortgage Lender: WESCOM CENTRAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jan 02, 2024
  • First Open Lien Mortgage Loan Amount: $256,000
  • 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: Jan 01, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $490,582
  • Assessed Land Value: $234,472
  • Assessed Improvements Value: $256,110

    Sales

  • Current Sale Contract Date: Nov 17, 2023
  • Current Sale Recording Date: Jan 02, 2024
  • Current Sale Transaction ID: 11918600580
  • Current Sale Price: $950,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 1564
  • Previous Sale Recording Date: Apr 27, 2023
  • Previous Sale Contract Date: Mar 15, 2023
  • Previous Sale Amount: $703,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WESCOM CENTRAL CREDIT UNION
  • First Mortgage Transaction Date: Jan 02, 2024
  • First Mortgage Loan Amount: $256,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: CORONA CAPITAL GROUP LLC
  • Previous Mortgage Transaction Date: Apr 27, 2023
  • Previous Mortgage Financing Type: unknown
  • Previous Mortgage Loan Amount: $492,000
  • Previous Mortgage Term: 6
  • Previous Mortgage Loan Type: Balloon
  • Previous Mortgage Loan Due Date: Nov 01, 2023

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Frequently Asked Questions

What neighborhood is 7141 Cole Street located in?
The 7141 Cole Street is a located in the neighborhood of Downey in Downey, Downey.
What is the average sales price for listings in 7141 Cole Street?
The average sales price for units in 7141 Cole Street is $0 currently.

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