13215 B Devens Ave, nestled in the heart of Norwalk, California, is a property with a distinctive character and modern appeal. The home’s location in the 90650 zip code places it within a desirable community, making it a great investment opportunity for potential buyers or real estate investors. This guide will walk through key aspects of the property, including its features, neighbourhood, price history, and investment potential.
Location and Neighborhood of 13215 B Devens Ave 90650
The property sits in a well-established neighbourhood in Norwalk, which is known for its suburban feel combined with urban conveniences. Norwalk offers a strong sense of community, with parks, schools, shopping centres, and access to major highways, including the 605 and 105 freeways. The area has a mix of single-family homes, townhouses, and apartment complexes, making it a diverse and vibrant location. Its proximity to Los Angeles adds to its appeal for commuters who work in the city but prefer a quieter, suburban environment.
Key Features and Amenities of 13215 B Devens Ave 90650
13215 b Devens Ave 90650 several features that make it stand out in the real estate market. The property likely includes spacious bedrooms, modern kitchen and bathroom fixtures, and updated appliances, providing a comfortable living environment. Outdoor amenities such as a backyard, garage, and possibly a driveway add to the convenience of the property. The neighborhood itself may include amenities such as community parks, local markets, and schools, making it an ideal home for families. Additionally, its location could offer nearby entertainment options, dining venues, and recreational activities.
Estimated Value and Price History of 13215 B Devens Ave 90650
The real estate market in Norwalk has seen fluctuations over the years, and properties like 13215 B Devens Ave have generally appreciated in value. Over the past decade, the property values in the 90650 area have increased significantly due to the growing demand for homes in suburban areas close to major urban centers like Los Angeles. It’s essential to consider the historical price trends for this property, as it can provide insights into future appreciation or depreciation. Buyers interested in 13215 B Devens Ave should look at comparable homes in the area to assess whether its current value aligns with the market. This property could likely be valued anywhere between $600,000 and $800,000, depending on the current market conditions and recent upgrades.
Property Taxes and Ownership Costs for 13215 B Devens Ave 90650
Owning a property comes with ongoing expenses, and 13215 B Devens Ave is no exception. Property taxes in Norwalk vary based on the assessed value of the home and the specific tax rates set by the local government. Homeowners in the 90650 zip code can expect to pay property taxes in the range of 1-1.25% of the assessed value annually. Additionally, ownership costs include utilities, insurance, and any homeowner association (HOA) fees if applicable. These costs should be factored into the overall budget for those looking to purchase this property. Potential buyers should also be aware of any special assessments or liens that may be tied to the property.
Comps and Recent Sales for 13215 B Devens Ave 90650
To determine if 13215 B Devens Ave is competitively priced, it’s crucial to look at comparable properties, or “comps,” that have recently sold in the area. These comps give a clear picture of the market value based on properties with similar size, features, and location. Recent sales in the 90650 zip code can range from $550,000 to $850,000 depending on the specific attributes of each property. These comps help in assessing whether 13215 B Devens Ave is priced fairly or if there’s room for negotiation. It’s also helpful to review how long similar properties have stayed on the market, which can provide insight into the demand in the area.
Pros and Cons of Investing in 13215 B Devens Ave 90650
As with any property, there are both pros and cons to investing in 13215 B Devens Ave.
On the positive side, the property is situated in a highly desirable suburban neighbourhood with access to good schools, parks, and local amenities. Its proximity to major highways makes it ideal for commuters, while the local real estate market has shown steady growth, making it a potentially lucrative investment. Furthermore, properties in the 90650 zip code are in demand due to their relatively affordable prices compared to the neighbouring areas of Los Angeles.
On the downside, like any investment, there are risks. Property taxes and maintenance costs can add up over time. Additionally, market fluctuations can affect the property’s value, and buyers should be mindful of this when considering a long-term investment.
Financing Options for 13215 B Devens Ave 90650
When it comes to financing the purchase of 13215 B Devens Ave, buyers have several options available. Traditional mortgages, including fixed-rate and adjustable-rate loans, are the most common routes. Potential buyers should work with a lender to determine the best loan program based on their financial situation and credit score. Down payment assistance programs may be available for first-time homebuyers, making the property more accessible for those who qualify. Additionally, buyers might consider FHA or VA loans, which provide favorable terms for those who meet the qualifications. It’s essential to get pre-approved for a mortgage before making an offer on the property to strengthen the buying position in a competitive market.
Conclusion
13215 B Devens Ave offers a promising opportunity for homebuyers and investors alike. Its location in Norwalk, with convenient access to urban and suburban amenities, makes it an appealing choice. The property’s features, potential for appreciation, and competitive pricing make it a strong contender in the local real estate market. However, as with any investment, prospective buyers should weigh the pros and cons carefully, factoring in property taxes, financing options, and market trends to make an informed decision. Whether looking for a family home or an investment property, 13215 B Devens Ave presents a compelling case in the current market.
