7118 Jellico, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 1 bath
ACTIVE$750,000$1,086/sqft
Est. Value: $782,644
4%
BelowEstimate
7118 Jellico, Van Nuys, California 91406
2Beds
1Bath
1,086Sqft
7,788Lot
Price Vs. Estimate
The estimated value ($782,643.85) is $32,643.85 (4%) higher than the list price ($750,000). This property may be underpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7788, living area = 1086.
Top Cons:
Compact Interior Space: With 2 bedrooms and 1 bathroom across 1,086 sqft, the home offers limited living space, which may not suit larger households or those desiring more expansive interiors.
Compared to the nearby listings
Price:$750.0K vs avg $875.0K ($-125,000)15%
Size:1,086 sqft vs avg 1,450 sqft10%
Price/sqft:$691 vs avg $61277%
More Insights
Built in 1962 (64 years old).
Condition: Built in 1962, this property is 62 years old. While the exterior images are limited to night shots and do not reveal significant structural issues, there are no interior images to assess the condition of the kitchen, bathrooms, or other key areas. The property analysis explicitly notes 'older construction' and 'potential for outdated systems (e.g., electrical, plumbing) or the need for significant modernization.' This strongly suggests that while the home is likely maintained, its major components and aesthetic features, particularly the kitchen and bathrooms, are outdated and would require minor to moderate updates to meet current quality standards and buyer expectations. This aligns with the 'Fair' condition criteria, indicating an aged but functional home that needs updates rather than extensive repairs.
Year Built
1962
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$691
HOA
-
Days on market
-
Sold On
-
MLS number
SR25280265
Home ConditionFair
Features
View-
About this home
Sold before processing. Entry is for informational purposes only.
C
Carlos Barros Gonzalez
Listing Agent
Nearby schools
3/10
Anatola Avenue Elementary School
Public,•K-5•0.3mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.4mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•0.4mi
6/10
Lemay Street Elementary School
Public,•K-5•0.4mi
5/10
Lemay Street Elementary School
Public,•K-5•0.5mi
3/10
Gault Street Elementary School
Public,•K-5•0.7mi
3/10
Gault Street Elementary School
Public,•K-5•0.8mi
7/10
Stagg Street Elementary School
Public,•K-5•1.1mi
6/10
Lorne Street Elementary School
Public,•K-5•1.2mi
5/10
Cantara Street Elementary School
Public,•K-5•1.4mi
3/10
Bassett Street Elementary School
Public,•PK-5•2.3mi
4/10
Bassett Street Elementary School
Public,•K-5•2.4mi
4/10
Sylvan Park Elementary School
Public,•K-5•3.3mi
9/10
Kester Avenue Elementary School
Public,•K-5•4.1mi
3/10
William Mulholland Middle School
Public,•6-8•0.8mi
5/10
William Mulholland Middle School
Public,•6-8•1.0mi
3/10
Northridge Middle School
Public,•6-8•1.8mi
2/10
Van Nuys Middle School
Public,•6-8•4.3mi
4/10
Reseda Senior High School
Public,•9-12•1.0mi
7/10
Northridge Academy High
Public,•9-12•3.1mi
6/10
Van Nuys Senior High School
Public,•9-12•3.6mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.2mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.3mi
Price History
Date
Event
Price
01/27/23
Sold
$667,000
12/12/03
Sold
$340,000
Condition Rating
Fair
Built in 1962, this property is 62 years old. While the exterior images are limited to night shots and do not reveal significant structural issues, there are no interior images to assess the condition of the kitchen, bathrooms, or other key areas. The property analysis explicitly notes 'older construction' and 'potential for outdated systems (e.g., electrical, plumbing) or the need for significant modernization.' This strongly suggests that while the home is likely maintained, its major components and aesthetic features, particularly the kitchen and bathrooms, are outdated and would require minor to moderate updates to meet current quality standards and buyer expectations. This aligns with the 'Fair' condition criteria, indicating an aged but functional home that needs updates rather than extensive repairs.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7788, living area = 1086.
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
High Market Demand: The 'Sold before processing' status indicates strong buyer interest and a quick transaction, suggesting the property was highly desirable or competitively priced.
Generous Lot Size: The 7,788 sqft lot offers ample outdoor space, providing potential for expansion, landscaping, or the addition of amenities like an ADU or pool.
Established Location: Located in Van Nuys, a central part of the San Fernando Valley, offering convenient access to amenities, transportation, and employment centers.
Strong Appreciation History: The sales history shows significant value growth over time, indicating solid investment potential and a desirable market.
Proximity to Rated Schools: Several elementary and middle schools with decent ratings are located within a short distance, making the property attractive for families.
Cons
Compact Interior Space: With 2 bedrooms and 1 bathroom across 1,086 sqft, the home offers limited living space, which may not suit larger households or those desiring more expansive interiors.
Older Construction: Built in 1962, the property's age suggests potential for outdated systems (e.g., electrical, plumbing) or the need for significant modernization to meet contemporary standards.
Lack of Desirable Views: The property explicitly states 'view: None,' which can be a drawback for buyers who prioritize scenic outlooks and may impact its premium appeal.