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7326 Neo Street

7326 Neo Street, Downey, CA 90241
Property in Downey
Sold Dec 08, 2016
$2,370,000
7326 Neo Street has been categorized by the local assessors in Downey, CA as a residential type of property. The building on the property was first built in 1958 and is 66 years old. The home has a total of 16 bedrooms. Residents will have access to 16 full bathrooms. There are 16 partial bathrooms in the home. In addition, 7326 Neo Street has 7,584 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 13,154 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. 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 inside of the home is being cooled with air conditioning at the moment. 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, 7326 Neo Street sold most recently in Oct 10, 2016 for a total of $2,370,000. If you work out the math, that's approximately a cost of $312.50 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 $33,489 in taxes each year. 7326 Neo Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,643,776. If we break it down further, the land itself was valued at $1,115,518. Improvements to the property, however, were assessed at a total of $1,528,258. 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: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 16
  • Bathroom Count: 16
  • Full Bathrooms: 16
  • Partial Bathrooms: 16
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 16
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 13,154
  • Total Building Area: 7,584
  • Gross Building Area: 7,584
  • Building Area: 7,584
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 7,584
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 16372
  • Land Acres: 0.302
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: TRACT # 16372 LOTS 11 AND LOT/SEC 12

Ownership

  • Current Owner : CHOU JAMES C
  • Current Owner 2: REVOCABLE LIVING TRUST OF JAMES CHUN MIN
  • Previous Owner : DAILY LISA K
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: DOR3*

Geography

  • Assessors Map Reference: 59-F3
  • Subdivision Tract Number: 16372
  • Parcel: 6231-006-006
  • Lot: 11
  • Municipality: SOUTH /HOLY/DOWN/BEL G
  • Latitude: 33.9456
  • Longitude: -118.153

    Address

  • Full Address: 7326 Neo St
  • Address - House Number: 7326
  • Address - Street Name: Neo
  • Address - Suffix Type: St
  • State: CA
  • City Name: Downey
  • Carrier Code: C017
  • 4-Digit Zip Code: 4125
  • Zip Code: 90241

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $33,489
  • Tax Rate Code Area: 03-304

    Appraisal Valuation

  • Standard Deviation: 0.2197
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 56
  • Final Value: 2,148,893
  • High Value: 2,621,099
  • Low Value: 1,676,686

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,643,776
  • Assessed Land Value: $1,115,518
  • Assessed Improvements Value: $1,528,258

    Sales

  • Current Sale Contract Date: Oct 10, 2016
  • Current Sale Recording Date: Dec 08, 2016
  • Current Sale Transaction ID: 1878276455
  • Current Sale Price: $2,370,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 16-1555916

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Dec 08, 2016
  • First Mortgage Loan Amount: $1,100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Downey



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Frequently Asked Questions

What neighborhood is 7326 Neo Street located in?
The 7326 Neo Street is a located in the neighborhood of Downey in Downey, Downey.
What is the average sales price for listings in 7326 Neo Street?
The average sales price for units in 7326 Neo Street is $0 currently.

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