NOT LISTED FOR SALE

16211 Downey Ave Unit 16 Paramount, CA 90723

Estimated Value: $547,202 - $619,000

2 Beds
2 Baths
1,082 Sq Ft
$345/mo HOA Fee

Last Sold June 06, 2023

Last sale price $527,000 $487 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,937/month

2 Days on Market

Highlights

  • Primary Bedroom Suite
  • 7.57 Acre Lot
  • Pool View
  • Gated Community
  • High Ceiling
  • Quartz Countertops

About This Home

As of June 2023

Fall asleep to the soothing sound of a waterfall and wake up to the serenity of birds singing and the wind rustling through the tree leaves right outside your balcony! Enjoy your morning coffee and a great book in this peaceful space!

This exquisite 2 bedroom, 2 bath condo is highly sought after for its tranquil setting with stunning rock stream features and serene pond accents.

Walk into your “home sweet home” filled with abundant natural light that accentuates your living space, high ceilings, trees and a pool and waterfall view right off your back balcony. This upstairs unit has a spacious master bedroom with high ceilings, two closets, an oval soaking tub, and a large vanity with skylights that let sunshine in. The second bedroom also has high ceilings with access to the front balcony. The kitchen with new appliances is perfect for those that love cooking. It also offers a breakfast nook and balcony access!

Freshly painted walls, new carpeting, sleek vinyl plank flooring, white quartz countertops in the kitchen and bathrooms seamlessly blend sophistication with comfort, exuding a warm and inviting ambiance. There is also laundry in the closet on your balcony.

Lake Terrace Condo Community is gated. The HOA includes a community pool, jacuzzi, and a tennis court.

Don't miss out on your opportunity to reside in this warm and inviting place!

Some of the photos have been virtually enhanced.

Last Agent to Sell the Property

Erica Olsen

Realty One Group Homelink License #01911046 Listed on: 04/13/2023

Realty One Group Homelink

Last Buyer's Agent

Marvin Byrne

Keller Williams Realty License #01430606

Keller Williams Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1981

Lot Details

  • 7.57

HOA Fees

  • $345 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,082 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Living Room with Fireplace
  • Living Room Balcony
  • Dining Room
  • Pool Views

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

Parking

  • Detached Carport Space
  • Parking Available
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Two or More Common Walls
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 39226
  • Assessor Parcel Number 7103016025
  • $444 per year additional tax assessments

Community Details

Overview

  • 118 Units
  • Lake Terrace Association, Phone Number (562) 433-0934
  • Action Management HOA

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Security

  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1981

Lot Details

0

HOA Fees

$345 per month

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • View: Yes
  • Zoning: PARM*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7103016025
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1082.00 Square Feet
  • Interior Amenities: High Ceilings, Living Room Balcony, Pantry, Quartz Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Room, In Kitchen
  • Entry Level: 2
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 487.06
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Master Suite
  • Bathroom Features: Shower In Tub, Closet In Bathroom, Exhaust Fan(s)
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • View: Pool
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Carport, Detached Carport

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Range Hood
  • Heating Type: Central
  • Laundry Features: In Closet, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 345.00
  • Association Fee Frequency: Monthly
  • Association Name: Lake Terrace
  • Phone: 562-433-0934
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Suburban
  • Association Management: Action Management

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 329662.00
  • Lot Size Acres: 7.5680

Multi Family

  • Lease Considered: No
  • Lot Size Area: 329662.0000 Square Feet
  • Number Of Units In Community: 118
  • Number Of Units Total: 118

Tax Info

  • Tax Census Tract: 5539.02
  • Tax Lot: 1
  • Tax Tract Number: 39226
  • TaxOtherAnnualAssessmentAmount: 444.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 5, 2023
Sold by
Baran Family Revocable Trust
Bought by
Gorsich Sharon T
Seller's Agent
Erica Olsen
Realty One Group Homelink
Buyer's Agent
Marvin Byrne
Keller Williams Realty
List Price
$499,999
Sold Price
$527,000
Premium/Discount to List
$27,001
5.4%
Views
121
Current Estimated Value
$578,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,051
Avg. Annual Appreciation
3.63%
Original Mortgage
$504,000
Outstanding Balance
$489,986
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$88,065

Purchase Details

Closed on
Jun 18, 2001
Sold by
Baran Edward and Baran Lucille
Bought by
Baran Edward

Purchase Details

Closed on
Aug 30, 1994
Sold by
Eighmy Joanne K and Eighmy Joanne Koretoff
Bought by
Baran Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,200
Interest Rate
3.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gorsich Sharon T $527,000 Old Republic Title Company
Baran Edward -- --
Baran Edward $116,500 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorsich Sharon T $504,000
Previous Owner Baran Edward $93,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2023 06/06/23 Sold $527,000 +5.4% $487 / Sq Ft
04/25/2023 04/25/23 For Sale $499,999 -5.1% $462 / Sq Ft
04/22/2023 04/22/23 Off Market $527,000 -- --
04/22/2023 04/22/23 For Sale $499,999 -5.1% $462 / Sq Ft
04/20/2023 04/20/23 Off Market $527,000 -- --
04/20/2023 04/20/23 For Sale $499,999 -5.1% $462 / Sq Ft
04/17/2023 04/17/23 Off Market $527,000 -- --
04/15/2023 04/15/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $499,999 -- $462 / 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 $6,879 $548,289 $314,304 $233,985
2024 $6,879 $537,540 $308,142 $229,398
2023 $2,731 $188,058 $37,602 $150,456
2022 $2,658 $184,371 $36,865 $147,506
2021 $2,596 $180,757 $36,143 $144,614
2020 $2,541 $178,905 $35,773 $143,132
2019 $2,653 $175,398 $35,072 $140,326
2018 $2,480 $171,960 $34,385 $137,575
2016 $2,230 $165,284 $33,050 $132,234
2015 $2,110 $162,802 $32,554 $130,248
2014 $2,162 $159,614 $31,917 $127,697
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Erica Olsen

    Realty One Group Homelink

    Section Image
  • Marvin Byrne

    Buyer's Agent in 2023

    Marvin Byrne

    Keller Williams Realty

    (657) 216-0900

    1 in this area

    19 Total Sales

    Marvin Byrne
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23060703

California Regional Multiple Listing Service (CRMLS)

APN: 7103-016-025

California Los Angeles County Paramount 90723

16211 Downey Ave Unit 16, Paramount, CA

Not Listed for Sale

Condos

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