$315,000
SOLD JUN 29, 2020

16211 Downey Ave Unit 29 Paramount, CA 90723

1 Bed
1 Bath
750 Sq Ft
$345/mo HOA Fee

Recently Sold

$420 Per Sq Ft

5% Above List Price

6 Days on Market

Highlights

  • 24-Hour Security
  • No Units Above
  • Gated Community
  • In Ground Pool
  • Primary Bedroom Suite
  • 7.57 Acre Lot

About This Home

As of June 2020

Stop your search! You have found the perfect home, nestled in the posh Lake Terrace Community. Relax on the deck of your home and get taken away by the serene surroundings and the tranquil sounds of the streams that flow throughout the community grounds. This unit offers a spacious open floor plan which features high vaulted ceilings, a beautiful crystal rock fireplace and an Open concept dining room with breakfast bar and chandelier. Perfect for a quiet night in or entertaining. Or maybe just retreat into your Master suite which boasts an abundance of natural light and spacious closets. Each unit comes with 2 parking spaces and individual laundry hook-ups. Residents of Community can enjoy a private tennis court, new security surveillance system, 24 hour gated entry, swimming pool with hot tub and picnic areas. Close to shopping, schools and freeway. Make an offer and Welcome Home.

Last Agent to Sell the Property

Lina Salgado

CBM Real Estate License #01301186 Listed on: 05/20/2020

Last Buyer's Agent

Maria Leon

Excellence RE Real Estate License #01447706

Excellence RE Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,523

Year Built

  • Built in 1981

Lot Details

  • No Units Above
  • Two or More Common Walls

HOA Fees

  • $345 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Carport
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Home Design

  • Composition Roof

Interior Spaces

  • 750 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Gas Fireplace
  • Living Room with Fireplace
  • Creek or Stream Views
  • Closed Circuit Camera

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Primary Bedroom Suite
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • In Ground Pool
  • Deck
  • Wood patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 39226
  • Assessor Parcel Number 7103016038

Community Details

Overview

  • Master Insurance
  • 132 Units
  • Lake Terrace Association, Phone Number (562) 433-0934
  • Action Management HOA
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Picnic Area

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,523

Year Built

Built in 1981

Lot Details

0

HOA Fees

$345 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Security: 24 Hour Security, Automatic Gate, Closed Circuit Camera(s), Fire and Smoke Detection System, Gated Community, Resident Manager, Smoke Detector(s)
  • View: Yes
  • Zoning: PARM*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7103016038
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 750.00 Square Feet
  • Interior Amenities: High Ceilings
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 420.00
  • Room Type: Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite

Exterior Features

  • Patio: Yes
  • View: Creek/Stream
  • Patio And Porch Features: Deck, Wood
  • Pool Features: Association, Community, In Ground
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Outdoor Cooking Area, Picnic Area, Tennis Court(s), Insurance, Maintenance Grounds, Trash, Pets Permitted, Security
  • Association Fee: 345.00
  • Association Fee Frequency: Monthly
  • Association Name: Lake Terrace
  • Phone: 562-433-0934
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Gutters, Sidewalks
  • Association Management: Action Management

Schools

  • School District: Paramount Unified

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: 132
  • Number Of Units Total: 1

Tax Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2023
Closed on
Apr 27, 2023
Sold by
Lemus Walter Alexander
Bought by
Walter Lemus And Brenda Ulloa Living Trust
Seller's Agent
Maria Leon
Excellence RE Real Estate
Buyer's Agent
Maria Leon
Excellence RE Real Estate
Sold Price
$2,100
Views
53
Current Estimated Value
$439,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,916

Purchase Details

Listed on
May 20, 2020
Closed on
May 28, 2020
Sold by
Ariza Gabriel
Bought by
Lemus Walter Alexander
Seller's Agent
Lina Salgado
CBM Real Estate
Buyer's Agent
Maria Leon
Excellence RE Real Estate
List Price
$299,950
Sold Price
$315,000
Premium/Discount to List
$15,050
5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Original Mortgage
$299,250
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 8, 2016
Closed on
May 18, 2016
Sold by
Gutierrez Robert Eric
Bought by
Ariza Gabriel
Seller's Agent
Maria Angel
National Homes & Investments
Buyer's Agent
Helida Patricio
Circle Real Estate
List Price
$233,000
Sold Price
$233,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$226,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2012
Sold by
Gutierrez Robert Eric and Perez Cristina
Bought by
Gutierrez Robert Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,643
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2005
Sold by
Acebo George and The George Acebo Living Trust
Bought by
Gutierrez Robert Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
5.53%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 28, 2002
Sold by
Becker Robert S
Bought by
Acebo George and George Acebo Living Trust

Purchase Details

Closed on
Dec 2, 2002
Sold by
Fernandez Tanya K
Bought by
Becker Robert S

Purchase Details

Closed on
May 21, 1997
Sold by
Fleischaker Edward C and Fleischaker Makiko
Bought by
Federal National Mortgage Association
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Grant Deed $315,000 First American Title Company
Grant Deed $233,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Grant Deed $188,000 Sut
Grant Deed $128,000 American Title Co
Trustee Deed $101,800 --
Trustee Deed $60,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $299,250 New Conventional
Previous Owner $226,000 New Conventional
Previous Owner $214,643 New Conventional
Previous Owner $224,000 Unknown
Previous Owner $28,000 Credit Line Revolving
Previous Owner $48,000 Credit Line Revolving
Previous Owner $150,400 Purchase Money Mortgage
Previous Owner $35,000 Credit Line Revolving
Previous Owner $35,000 Stand Alone Second
Previous Owner $2,825 Unknown
Closed $10,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2023 04/20/23 Rented $2,100 0.0% --
04/18/2023 04/18/23 Off Market $2,100 -- --
04/04/2023 04/04/23 For Rent $2,100 +13.5% --
03/23/2022 03/23/22 For Rent $1,850 -11.9% --
03/21/2022 03/21/22 Rented $2,100 +13.5% --
03/14/2022 03/14/22 Off Market $1,850 -- --
03/04/2022 03/04/22 For Rent $1,850 0.0% --
06/29/2020 06/29/20 Sold $315,000 +5.0% $420 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $299,950 +28.7% $400 / Sq Ft
06/16/2016 06/16/16 Sold $233,000 0.0% $311 / Sq Ft
05/15/2016 05/15/16 Pending -- -- --
05/08/2016 05/08/16 For Sale $233,000 -- $311 / 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 $4,523 $344,495 $211,619 $132,876
2024 $4,523 $337,741 $207,470 $130,271
2023 $4,440 $331,119 $203,402 $127,717
2022 $4,320 $324,627 $199,414 $125,213
2021 $4,538 $318,262 $195,504 $122,758
2020 $3,387 $252,204 $123,071 $129,133
2019 $3,547 $247,259 $120,658 $126,601
2018 $3,318 $242,412 $118,293 $124,119
2016 $2,315 $181,000 $103,000 $78,000
2015 $2,217 $181,000 $103,000 $78,000
2014 $2,050 $158,000 $90,100 $67,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20096824

California Regional Multiple Listing Service (CRMLS)

APN: 7103-016-038