Seller's Agent in 2023
Gretta Sheffer Minnema
RE/MAX
(562) 472-8929
13 in this area
86 Total Sales
16211 Downey Ave Unit 100 Paramount, CA 90723
Estimated Value: $549,581 - $594,000
2
Beds
2
Baths
1,082
Sq Ft
$345/mo
HOA Fee
Highlights
- In Ground Pool
- Gated Community
- Updated Kitchen
- Home fronts a lagoon or estuary
- River View
- Contemporary Architecture
About This Home
As of December 2023Don’t miss out on the opportunity to own this recently remodeled ground-level condo in the wonderful Lake Terrace community. Enjoy the tranquility of this lush tropical complex filled with streams, ponds, bridges, a pool & spa, tennis court and secure gated entry. With 2 bedrooms, 2 baths and 1082 sqft, this spacious unit has plenty of space. The kitchen has been fully remodeled with granite counters, stainless steel appliances, soft touch drawers, newer cabinets with pull-outs and a sliding glass door to the front patio. The living room/dining area has a beautiful 2-sided gas fireplace and a large sliding door to the back patio. This large, private patio looks out over the serene waterfalls, ponds and streams that are frequented by ducks :). This patio also has a large closet which holds a washer and dryer and has shelving for supplies (Washer included!). The master bedroom has 2 large closets with organizers & drawers, recessed lighting, an en-suite bathroom and sliding glass doors leading to the large patio on the water. The secondary bedroom is spacious with sliding glass doors to the front patio. The remodeled hall bath has a tub/shower combination, granite counters and a large vanity. Additional features include newer dual paned windows and patio doors, updated electrical wiring & plumbing, newer air conditioner and heater, recessed lights, and so much more! The home was completely repainted just before it became active. This condo has one covered parking space (#417) and one uncovered space (#225). Located with easy access to the 105, 605, 91 and 710 Freeways.
Last Agent to Sell the Property
Re/Max College Park Realty License #00981062 Listed on: 11/02/2023
Property Details
Home Type
- Condominium
Year Built
- Built in 1981 | Remodeled
Lot Details
- Home fronts a lagoon or estuary
- Home fronts a pond
- Home fronts a stream
- End Unit
- 1 Common Wall
HOA Fees
- $345 Monthly HOA Fees
Property Views
- River
- Pond
- Creek or Stream
- Rock
Home Design
- Contemporary Architecture
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 1,082 Sq Ft Home
- 1-Story Property
- Recessed Lighting
- Two Way Fireplace
- Gas Fireplace
- Double Pane Windows
- Insulated Windows
- Window Screens
- Sliding Doors
- Panel Doors
- Living Room with Fireplace
- Dining Room with Fireplace
- Storage
Kitchen
- Updated Kitchen
- Eat-In Kitchen
- Gas Oven
- Gas Range
- Dishwasher
- Granite Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Remodeled Bathroom
- Granite Bathroom Countertops
- Stone Bathroom Countertops
- Makeup or Vanity Space
- Hydromassage or Jetted Bathtub
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Washer
Parking
- 1 Open Parking Space
- 2 Parking Spaces
- 1 Carport Space
- Parking Available
- Paved Parking
- Assigned Parking
Accessible Home Design
- No Interior Steps
- Low Pile Carpeting
Pool
- In Ground Pool
- In Ground Spa
Outdoor Features
- Slab Porch or Patio
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Schools
- Lincoln Elementary School
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 39226
- Assessor Parcel Number 7103016109
Community Details
Overview
- 132 Units
- Lake Terrace Association, Phone Number (562) 206-1593
- Action Management HOA
- Maintained Community
Recreation
- Tennis Courts
- Community Pool
- Community Spa
Pet Policy
- Pets Allowed with Restrictions
Security
- Security Service
- Resident Manager or Management On Site
- Controlled Access
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 2, 2023
Closed on
Nov 22, 2023
Sold by
Margaret L Shock Living Trust
Bought by
Oropeza Maria E
Seller's Agent
Gretta Sheffer Minnema
Re/Max College Park Realty
Buyer's Agent
Kyle Wohlgemuth
First Team Real Estate
List Price
$525,000
Sold Price
$525,000
Views
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,395
Avg. Annual Appreciation
4.13%
Original Mortgage
$335,000
Outstanding Balance
$329,473
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$240,922
Purchase Details
Closed on
Apr 26, 2012
Sold by
The Margaret L Shock Living Trust
Bought by
The Margaret L Shock Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
4.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 10, 2007
Sold by
Shock Margaret L
Bought by
The Margaret L Shock Living Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Oropeza Maria E | $525,000 | Fidelity National Title | |
| The Margaret L Shock Living Trust | -- | First American Title Company | |
| The Margaret L Shock Living Trust | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Oropeza Maria E | $335,000 | |
| Previous Owner | The Margaret L Shock Living Trust | $84,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/07/2023 12/07/23 | Sold | $525,000 | 0.0% | $485 / Sq Ft |
| 11/12/2023 11/12/23 | Pending | -- | -- | -- |
| 11/09/2023 11/09/23 | For Sale | $525,000 | -- | $485 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $6,812 | $535,500 | $315,792 | $219,708 |
| 2024 | $6,812 | $525,000 | $309,600 | $215,400 |
| 2023 | $2,754 | $196,993 | $39,385 | $157,608 |
| 2022 | $2,679 | $193,131 | $38,613 | $154,518 |
| 2021 | $2,615 | $189,345 | $37,856 | $151,489 |
| 2019 | $2,670 | $183,731 | $36,734 | $146,997 |
| 2018 | $2,494 | $180,129 | $36,014 | $144,115 |
| 2016 | $2,240 | $173,136 | $34,616 | $138,520 |
| 2015 | $2,118 | $170,537 | $34,097 | $136,440 |
| 2014 | $2,168 | $167,198 | $33,430 | $133,768 |
Source: Public Records
Agents Affiliated with this Home
-
Gretta Sheffer Minnema
-
Kyle Wohlgemuth
Buyer's Agent in 2023
Kyle Wohlgemuth
First Team Real Estate
(714) 585-4207
1 in this area
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS23183410
APN: 7103-016-109
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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