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975 Schumacher Drive

975 Schumacher Drive, Los Angeles, CA 90048
Property in Mid-City West
Sold Dec 15, 2015
$1,550,000
$1,496,500 by Jpmorgan Chase Bank Na
Mortgage Due Mar 01, 2052
Sold Feb 22, 2005
$1,193,500
$954,440 by Washington Mutual Bank Fa
Mortgage Due Mar 01, 2035
Local assessors in Los Angeles, CA have categorized 975 Schumacher Drive as a residential type of property. The home was built in 1933 and is 91 years old. It was most recently renovated and altered in 1940. The property's lot size has been calculated to be 7,502 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Spanish style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 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 975 Schumacher Drive has a total of 2,047 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. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 - A. The building has a gable style roof that was made of tile. Lots of stucco were used in the construction of the exterior walls of the home. The home's a central 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. The property was last sold in Oct 30, 2015 for $1,550,000. That's $757.21 per sqft. Prior to that sales transaction, the property was also sold in Feb 1, 2005 for $1,193,500. 975 Schumacher Drive was last assessed in 2023. The total value of the property was assessed at $1,819,741. Specifically, the land the property is located on was valued at $1,410,905. While improvements on the property were assessed at a total of $408,836. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $21,111. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,502
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,047
  • Building Area: 2,047
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,047
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5542
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 5542 LOT/SEC 455

Ownership

  • Current Owner : BOGNER OLIVER SIMON
  • Previous Owner : LUPARIELLO JOSEPH
  • Owner Before Previous Owner: WORTMAN RICHARD M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 216301

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 42-E2
  • Subdivision Tract Number: 5542
  • Parcel: 5088-001-005
  • Lot: 455
  • Municipality: WEST /PARK LABREA
  • Latitude: 34.0601
  • Longitude: -118.375

    Address

  • Full Address: 975 Schumacher Dr
  • Address - House Number: 975
  • Address - Street Name: Schumacher
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C026
  • 4-Digit Zip Code: 5345
  • Zip Code: 90048

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,111
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2299
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 2,445,634
  • High Value: 3,008,058
  • Low Value: 1,883,210

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,046,500
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Mar 08, 2022
  • First Open Lien Mortgage Loan Amount: $1,496,500
  • 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, 2052
  • Second Open Lien Mortgage Lender: LIVE OAK BANKING COMPANY
  • Second Open Lien Mortgage Recording Date: Oct 11, 2022
  • Second Open Lien Mortgage Loan Amount: $550,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,819,741
  • Assessed Land Value: $1,410,905
  • Assessed Improvements Value: $408,836

    Sales

  • Current Sale Contract Date: Oct 30, 2015
  • Current Sale Recording Date: Dec 15, 2015
  • Current Sale Transaction ID: 1373260578
  • Current Sale Price: $1,550,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 15-1570594
  • Previous Sale Recording Date: Feb 22, 2005
  • Previous Sale Contract Date: Feb 01, 2005
  • Previous Sale Amount: $1,193,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Dec 15, 2015
  • First Mortgage Loan Amount: $1,120,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Feb 22, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $954,440
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Mar 01, 2035

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Frequently Asked Questions

What neighborhood is 975 Schumacher Drive located in?
The 975 Schumacher Drive is a located in the neighborhood of Mid-City West in Central LA, Los Angeles.
What is the average sales price for listings in 975 Schumacher Drive?
The average sales price for units in 975 Schumacher Drive is $0 currently.

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