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8357 Otto Street

8357 Otto Street, Downey, CA 90240
Property in Downey
Refi Aug 25, 2021
Transfer
$278,000 by Pmac Lending Services Inc
Mortgage Due Sep 01, 2051
Local assessors in Downey, CA have categorized 8357 Otto Street as a residential type of property. The home was built in 1950 and is 74 years old. It was most recently renovated and altered in 1957. The property's lot size has been calculated to be 5,664 square feet. The linear feet between the front and back of the lot was measured at 1,030 ft and the front of the lot was measured at 550 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8357 Otto Street has a total of 1,516 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a hip style roof that was made of wood shake/ shingles. Lots of stucco were used in the construction of the exterior walls of the home. The home's floor/wall heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $5,703 in taxes per year. The property on 8357 Otto Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $638,393. To break that down further, the land itself was valued at $502,456. While improvements to the property were assessed at a total of $135,937. 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. 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!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: 1950
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • 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: Hip
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,664
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,516
  • Building Area: 1,516
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,516
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 13304
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 13304 LOT/SEC 51

Ownership

  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Downey Unified School District
  • Census Tract: 550602

Zoning

  • Zoning: DOR175

Geography

  • Assessors Map Reference: 60-C2
  • Subdivision Tract Number: 13304
  • Parcel: 6362-013-014
  • Lot: 51
  • Municipality: SOUTH /NO. DOWNEY
  • Latitude: 33.9524
  • Longitude: -118.123

    Address

  • Full Address: 8357 Otto St
  • Address - House Number: 8357
  • Address - Street Name: Otto
  • Address - Suffix Type: St
  • State: CA
  • City Name: Downey
  • Carrier Code: C016
  • 4-Digit Zip Code: 3924
  • Zip Code: 90240

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,703
  • Tax Rate Code Area: 03-282

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 903,812
  • High Value: 1,105,722
  • Low Value: 701,902

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $278,000
  • First Open Lien Mortgage Lender: PMAC LENDING SERVICES INC
  • First Open Lien Mortgage Recording Date: Aug 25, 2021
  • First Open Lien Mortgage Loan Amount: $278,000
  • 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: Sep 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $638,393
  • Assessed Land Value: $502,456
  • Assessed Improvements Value: $135,937

About Downey



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Frequently Asked Questions

What neighborhood is 8357 Otto Street located in?
The 8357 Otto Street is a located in the neighborhood of Downey in Downey, Downey.
What is the average sales price for listings in 8357 Otto Street?
The average sales price for units in 8357 Otto Street is $0 currently.

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