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7958 Ventura Canyon Avenue

7958 Ventura Canyon Avenue, Panorama City, CA 91402
Sold Jul 23, 2019
$825,000
$548,250 by Watermark Capital Inc
Mortgage Due Mar 01, 2051
7958 Ventura Canyon Avenue in Panorama City, CA was first built in 1950 and is 74 years old. Although, the building on the property was most recently renovated and altered in 1976. 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. There are a total of 7 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 7958 Ventura Canyon Avenue has 1,078 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 800 ft and the linear feet between the front and back of the lot is 3,000. In total, the area measurement of the land is 24,031 square feet.

Learn more about the property and building on this page. The home has a hip style roof made of composition shingle. 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. 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, 7958 Ventura Canyon Avenue sold most recently in May 22, 2019 for a total of $825,000. If you work out the math, that's approximately a cost of $765.31 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 $10,275 in taxes each year. 7958 Ventura Canyon Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $867,220. If we break it down further, the land itself was valued at $630,706. Improvements to the property, however, were assessed at a total of $236,514. 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: 1950
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • 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: Hip
  • Roof Cover Type: Composition shingle
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 24,031
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,078
  • Building Area: 1,078
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,078
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 1212
  • Land Acres: 0.552
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 1212 N 80 FT OF S 260 FT OF W 300 FT OF LOT/SEC 105

Ownership

  • Current Owner : GRIMAR LLC
  • Previous Owner : TURNER LINDA
  • Previous Owner 2: SPIVAK PAUL
  • Ownership Rights Codes: Sole Owner

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 119700

Zoning

  • Zoning: LARA

Geography

  • Assessors Map Reference: 15-F2
  • Subdivision Tract Number: 1212
  • Parcel: 2301-011-012
  • Lot: 105
  • Municipality: NORTH /VAN NUYS
  • Latitude: 34.2155
  • Longitude: -118.428

    Address

  • Full Address: 7958 Ventura Canyon Ave
  • Address - House Number: 7958
  • Address - Street Name: Ventura Canyon
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Panorama City
  • Carrier Code: C023
  • 4-Digit Zip Code: 6311
  • Zip Code: 91402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,275
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.2085
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 71
  • Final Value: 1,077,646
  • High Value: 1,302,364
  • Low Value: 852,928

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $548,250
  • First Open Lien Mortgage Lender: WATERMARK CAPITAL INC
  • First Open Lien Mortgage Recording Date: Mar 09, 2021
  • First Open Lien Mortgage Loan Amount: $548,250
  • 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: Mar 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $867,220
  • Assessed Land Value: $630,706
  • Assessed Improvements Value: $236,514

    Sales

  • Current Sale Contract Date: May 22, 2019
  • Current Sale Recording Date: Jul 23, 2019
  • Current Sale Transaction ID: 11625691781
  • Current Sale Price: $825,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0720627

About North Valley



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Frequently Asked Questions

What neighborhood is 7958 Ventura Canyon Avenue located in?
The 7958 Ventura Canyon Avenue is a house located in the neighborhood of Panorama City in North Valley, Panorama City.
What is the average sales price for listings in 7958 Ventura Canyon Avenue?
The average sales price for units in 7958 Ventura Canyon Avenue is $0 currently.

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