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Sold Oct 08, 2020
$540,000
$510,400
by Sprout Mortgage Llc
Mortgage Due Oct 01, 2050
Sold Oct 26, 2016
$426,000
$225,000
by Finance Of America Mortgage Ll
Mortgage Due Nov 01, 2046
7248 North Cherry Lane 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 2016 and is 8 years old.
The home has a total of 3 bedrooms.
Residents will have access to 3 full bathrooms.
There are 3 partial bathrooms in the home.
In addition, 7248 North Cherry Lane has 1,458 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building.
The area measurement of the land has been determined as 1,073 square feet.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 A by the local assessor. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a central heating system. The property was last sold in Aug 27, 2020 for $540,000. That's $370.37 per sqft. Prior to that sales transaction, the property was also sold in Jul 1, 2016 for $426,000. 7248 North Cherry Lane was last assessed in 2022. The total value of the property was assessed at $550,800. Specifically, the land the property is located on was valued at $368,526. While improvements on the property were assessed at a total of $182,274. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $6,618. The initial tax year of delinquency was in 2020. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 A by the local assessor. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a central heating system. The property was last sold in Aug 27, 2020 for $540,000. That's $370.37 per sqft. Prior to that sales transaction, the property was also sold in Jul 1, 2016 for $426,000. 7248 North Cherry Lane was last assessed in 2022. The total value of the property was assessed at $550,800. Specifically, the land the property is located on was valued at $368,526. While improvements on the property were assessed at a total of $182,274. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $6,618. The initial tax year of delinquency was in 2020. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.
This property description is generated based on publicly available data.
7248 North Cherry Lane, Van Nuys, CA 91405
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