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7342 Alabama Avenue

7342 Alabama Avenue, Canoga Park, CA 91303
Property in Canoga Park
Sold May 31, 2006
$500,000
$400,000 by Equifirst Corp
Mortgage Due Jun 01, 2036
Sold Sep 01, 2004
$395,000
$296,250 by Washington Mutual Bank Fa
Mortgage Due Sep 01, 2034
7342 Alabama Avenue in Canoga Park, CA was first built in 1929 and is 95 years old. Although, the building on the property was most recently renovated and altered in 1933. 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 7 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 7342 Alabama Avenue has 900 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 500 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 7,498 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. 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 C. The condition of the building has been evaluated as good. The exterior walls of the home are made of stucco. As for heating, the home is utilizing floor/wall heating system. 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, 7342 Alabama Avenue sold most recently in May 4, 2006 for a total of $500,000. If you work out the math, that's approximately a cost of $555.56 per sqft. Before that, the property was also sold for $395,000 in May 11, 2004. 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 $7,248 in taxes each year. 7342 Alabama Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $656,743. If we break it down further, the land itself was valued at $525,402. Improvements to the property, however, were assessed at a total of $131,341. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1929
  • Effective Year Built: 1933
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,498
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 900
  • Building Area: 900
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 900
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: OWENSMOUTH TRACT
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OWENSMOUTH LOT/SEC 4 BLK/DIV/TWN 45

Ownership

  • Current Owner : HERNANDEZ JOSE NEFTALI
  • Previous Owner : 7342 ALABAMA LLC
  • Owner Before Previous Owner: PANBELICHI ANOUSH I
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 134522

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 12-C3
  • Parcel: 2111-016-004
  • Block: 45
  • Lot: 4
  • Municipality: NORTH /N.E.CANOGA PARK
  • Latitude: 34.2041
  • Longitude: -118.599

    Address

  • Full Address: 7342 Alabama Ave
  • Address - House Number: 7342
  • Address - Street Name: Alabama
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Canoga Park
  • Carrier Code: C009
  • 4-Digit Zip Code: 1302
  • Zip Code: 91303

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,248
  • Tax Rate Code Area: 08-852

    Appraisal Valuation

  • Standard Deviation: 0.2113
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 71
  • Final Value: 702,898
  • High Value: 851,431
  • Low Value: 554,364

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: EQUIFIRST CORP
  • First Open Lien Mortgage Recording Date: May 31, 2006
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $656,743
  • Assessed Land Value: $525,402
  • Assessed Improvements Value: $131,341

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 04, 2006
  • Current Sale Recording Date: May 31, 2006
  • Current Sale Transaction ID: 1024964499
  • Current Sale Price: $500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 06-1184558
  • Previous Sale Recording Date: Sep 01, 2004
  • Previous Sale Contract Date: May 11, 2004
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: EQUIFIRST CORP
  • First Mortgage Transaction Date: May 31, 2006
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Jun 01, 2036

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Sep 01, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $296,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2034

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Frequently Asked Questions

What neighborhood is 7342 Alabama Avenue located in?
The 7342 Alabama Avenue is a located in the neighborhood of Canoga Park in South Valley, Canoga Park.
What is the average sales price for listings in 7342 Alabama Avenue?
The average sales price for units in 7342 Alabama Avenue is $0 currently.

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