NOT LISTED FOR SALE

10550 Lemoran Ave Downey, CA 90241

Estimated Value: $1,102,000 - $1,284,000

3 Beds
2 Baths
1,667 Sq Ft
$724/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $1,100,000 $660 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,491/month

11 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • No HOA
  • Downey High School Rated A-
  • Updated Kitchen
  • Covered Patio or Porch

About This Home

As of April 2022

Don’t miss out on this incredible opportunity to own this stunning home in a sought-after North Downey neighborhood on a peaceful cul-de-sac! Tasteful landscaping and fresh exterior paint will greet you as you arrive. Upon entering the home, you will find upgraded flooring that leads into a spacious, spectacular kitchen. The gourmet kitchen boasts quartz countertops, a large island with bar seating, stainless steel appliances, a tray ceiling, ample storage and prep space, a farmhouse style sink, direct entry to the backyard, a breakfast nook, and picture windows with banquette seating. This amazing kitchen will be ideal for entertaining and family gatherings! As you continue into the bright family room, you will be greeted by an inviting fireplace, large picture windows, another direct entry to the backyard, and even space for a dining table or home office. Down the hallway, you will find two spacious bedrooms and a tastefully remodeled full bathroom with a relaxing color scheme and tons of cabinet space. As you enter the large master suite, you will be delighted by big picture windows, mirrored closet doors, and an upgraded en-suite bathroom. Perfect for entertaining or relaxation, the private and spacious backyard features a sparkling pool and spa, covered patio with space for an outdoor grill, well-manicured lawn, gardening area, and a lemon tree. Other notable upgrades include updated light fixtures, electrical outlets, insulation, plumbing, HVAC, and roofing. This beautiful, turnkey home is centrally located near schools, shopping, recreation, freeways, and more!!!

Last Agent to Sell the Property

Ryan McKee

ELEVATE REAL ESTATE AGENCY License #01843253 Listed on: 02/14/2022

ELEVATE REAL ESTATE AGENCY

Last Buyer's Agent

Jennifer Collins

NEST REAL ESTATE License #02119010

NEST REAL ESTATE

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953

Lot Details

  • 7,952 Sq Ft Lot
  • Brick Fence
  • Landscaped
  • Back and Front Yard
  • Property is zoned DOR175

Parking

  • 2 Car Attached Garage
  • Pull-through
  • Parking Available
  • Front Facing Garage
  • Driveway

Home Design

  • Turnkey

Interior Spaces

  • 1,667 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Family Room with Fireplace
  • Property Views

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Electric Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • In Ground Pool
  • In Ground Spa

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 125
  • Tax Tract Number 16207
  • Assessor Parcel Number 6285017006
  • $495 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Stand Alone Closets in Master Bedroom; Outdoor Furniture; Entertainment Center in Living Room; Washer & Dryer
  • Property Attached: No
  • View: Yes
  • Zoning: DOR175
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6285017006
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1667.00 Square Feet
  • Interior Amenities: Crown Molding
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: In Kitchen
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 659.87
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Master Suite
  • Spa Features: Private, In Ground
  • Bathroom Features: Remodeled
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Brick
  • Patio And Porch Features: Concrete, Covered, Patio
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Front, Pull-through
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Gas Range, Microwave, Range Hood
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lot 6500-9999
  • Lot Size Sq Ft: 7952.00
  • Lot Size Acres: 0.1826

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7952.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5510.00
  • Tax Lot: 125
  • Tax Tract Number: 16207
  • TaxOtherAnnualAssessmentAmount: 495.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
Mar 7, 2022
Sold by
Lee Susan S
Bought by
Morales Family Trust
Seller's Agent
Ryan McKee
ELEVATE REAL ESTATE AGENCY
Buyer's Agent
Jennifer Collins
NEST REAL ESTATE
List Price
$949,900
Sold Price
$1,100,000
Premium/Discount to List
$150,100
15.8%
Current Estimated Value
$1,206,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,605
Avg. Annual Appreciation
2.49%
Original Mortgage
$825,000
Outstanding Balance
$769,413
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$437,192

Purchase Details

Closed on
Oct 17, 2011
Sold by
Lee Tae Ihl and Lee Hei Yung
Bought by
Lee Susan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,800
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 25, 2003
Sold by
Lee Tae Ihl
Bought by
Lee Tae Ihl and Lee Hei Yung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 1999
Sold by
Lee Hei Yung
Bought by
Lee Tae Ihli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Morales Family Trust $1,100,000 Ticor Title
Lee Susan S $423,000 Netco Title Company
Lee Tae Ihl -- Chicago Title Co
Lee Tae Ihli -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Family Trust $825,000
Previous Owner Lee Susan S $383,800
Previous Owner Lee Tae Ihl $266,000
Previous Owner Lee Tae Ihli $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2022 04/04/22 Sold $1,100,000 0.0% $660 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
02/23/2022 02/23/22 Off Market $1,100,000 -- --
02/14/2022 02/14/22 For Sale $949,900 -- $570 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,252 $1,167,328 $761,416 $405,912
2024 $14,252 $1,144,440 $746,487 $397,953
2023 $13,756 $1,122,000 $731,850 $390,150
2022 $6,089 $495,108 $286,104 $209,004
2021 $5,954 $485,401 $280,495 $204,906
2019 $5,801 $471,005 $272,176 $198,829
2018 $5,596 $461,771 $266,840 $194,931
2016 $5,423 $443,841 $256,479 $187,362
2015 $5,346 $437,175 $252,627 $184,548
2014 $5,045 $428,612 $247,679 $180,933
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV22027565

California Regional Multiple Listing Service (CRMLS)

APN: 6285-017-006