837 North Formosa Avenue

Local assessors in Los Angeles, CA have categorized 837 North Formosa Avenue as a residential type of property. The home was built in 1930 and is 94 years old. The property's lot size has been calculated to be 7,700 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 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 6 full bathrooms. There are also 6 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 837 North Formosa Avenue has a total of 3,050 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. 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. Residents rely on air conditioning for their cooling 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, 837 North Formosa Avenue sold most recently in Feb 22, 2023 for a total of $1,875,000. If you work out the math, that's approximately a cost of $614.75 per sqft. Before that, the property was also sold for $1,720,000 in Mar 18, 2022. 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 $7,048 in taxes each year. 837 North Formosa Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,754,400. If we break it down further, the land itself was valued at $1,621,800. Improvements to the property, however, were assessed at a total of $132,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.