Michael A. Stecker
mastecker@gmail.com

2955 Motor Ave. Los Angeles, CA 90064
Price estimates and features

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2955 Motor Avenue, Los Angeles, California 90064 (Cheviot  Hills) in 1979
 

SD HouseHunting estimate on 2955 Motor Avenue, Los Angeles, CA 90064 in December, 2015
http://www.sdhousehunting.com/

2955 Motor Ave. home value estimate -- December, 2015
.
SD HouseHunting Estimate, 12-2015:
$2,038,750

Redfin estimate on 2955 Motor Ave., Los Angeles 90064 in December, 2015
https://www.redfin.com/CA/Los-Angeles/2955-Motor-Ave-90064/home/6797830#redfin-estimate

Redfin estimate, 12-2015:
$1,819,407

Older Redfin estimate on 2955 Motor Ave., Los Angeles 90064 on October 28, 2014 (email) -- $1,582,000
(based on comparison home values of a house in good condition: without seeing the house)

Redfin Estimate, 10-2014:
$1,582,000

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FSA Tax Service (Mike), San Diego, CA on 4-21-2015
Regarding taxes on sale of my house at 2955 Motor Ave., Los Angeles, CA. If my LA house sells for $1,300,000 and the closing costs are 7% then the net sale price is: $1,209,000.
Taxes would be federal: 23%, California 12% or total of 35% of taxable amount

Taxable amount is: 1,209,000 - 200,000 (price I paid for house in 1979) - $250,000 deductable for single owner - $10,000 (improvements) = $749,000
Total taxes (Fed & California cap. gains + Obama Care) =749,000 X 0.35 = $262,150
Net on sale of 2955 Motor Ave. for $1.3 million is: 1,209,000 (after 7% closing costs) - $262,150 (taxes)
$946,850

If 2955 Motor sold for $1,000,000: $930,000 (after 7% closing costs) - $164,500 (taxes) = $765,000
If 2955 Motor sold for $1,500,000: $1,395,000 (after 7% closing costs) - $327,000 (taxes) = $1,068,000
To keep the same property tax for a new house in San Diego as 2955 Motor, one needs to buy the new house for less than the sale of the old one (gross sale price)