NOT LISTED FOR SALE

16211 Downey Ave Unit 34 Paramount, CA 90723

Estimated Value: $418,000 - $427,000

1 Bed
1 Bath
750 Sq Ft
$375/mo HOA Fee

Last Sold January 19, 2022

Last sale price $395,000 $527 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,165/month

6 Days on Market

Highlights

  • Water Views
  • Sauna
  • Outdoor Cooking Area
  • 7.57 Acre Lot
  • Community Pool
  • Laundry Room

About This Home

As of January 2022

Beautiful 1 bedroom 1 bath condo in a beautiful community. Enter and notice how the natural light floods the entryway. Down the entryway and to the left you will find the kitchen which features recessed lighting, stainless steel appliances, tile flooring, and a breakfast bar that separates the kitchen from the living room in a way that still feels open and airy. The living room features high ceilings, a gas fireplace, 2 windows, and a sliding glass door for even more light, and access to the patio deck. Circling back towards the entrance of the unit, you will find the bedroom with an master bathroom. The condo community is a quiet oasis, who's trees, pond, and pool make you feel like you are somewhere far away, when in reality you are minutes away from freeway access, schools, and shopping. This property is a gem, don't miss out!

Last Listed By

George Guerrero

Advantage Real Estate License #01345388 Listed on: 11/23/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,410

Year Built

  • Built in 1981

Lot Details

  • 8

HOA Fees

  • $375 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 750 Sq Ft Home
  • Living Room with Fireplace
  • Water Views

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Additional Features

  • Exterior Lighting
  • Two or More Common Walls
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 39226
  • Assessor Parcel Number 7103016043
  • $408 per year additional tax assessments

Community Details

Overview

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

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Sauna

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,410

Year Built

Built in 1981

Lot Details

0

HOA Fees

$375 per month

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: PARM*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7103016043
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 750.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 526.67
  • Room Type: All Bedrooms Down

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna, Barbecue, Outdoor Cooking Area
  • Association Fee: 375.00
  • Association Fee Frequency: Monthly
  • Association Name: Lake Terrace
  • Phone: 562-433-0934
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights, Suburban
  • 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: 225
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5539.02
  • Tax Lot: 1
  • Tax Tract Number: 39226
  • TaxOtherAnnualAssessmentAmount: 408.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
Dec 16, 2021
Sold by
Robert And Janet Smith Joint Living Trus
Bought by
Jaiteh Fatoumata
Seller's Agent
George Guerrero
Advantage Real Estate
Buyer's Agent
Isadora Santos
Think Boutiq Real Estate
List Price
$359,000
Sold Price
$395,000
Premium/Discount to List
$36,000
10.03%
Total Days on Market
6
Current Estimated Value
$421,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,820
Avg. Annual Appreciation
2.02%
Original Mortgage
$11,257
Outstanding Balance
$10,493
Interest Rate
3.22%
Mortgage Type
Commercial
Estimated Equity
$411,327

Purchase Details

Closed on
Mar 24, 2020
Sold by
Smith Robert J
Bought by
Perez Robert J and Perez Robert

Purchase Details

Closed on
Jul 31, 2015
Sold by
Smith Robert J
Bought by
Smith Robert J

Range of Values:

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Average Value
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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
Jaiteh Fatoumata $395,000 First American Title Company O
Perez Robert J -- None Available
Smith Robert J -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Robert J $11,257
Open Jaiteh Fatoumata $375,250
Closed Jaiteh Fatoumata $11,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2022 01/19/22 Sold $395,000 +10.0% $527 / Sq Ft
11/30/2021 11/30/21 Pending -- -- --
11/23/2021 11/23/21 For Sale $359,000 0.0% $479 / Sq Ft
09/20/2020 09/20/20 Rented $1,600 0.0% --
09/14/2020 09/14/20 For Rent $1,600 -- --
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
2024 $5,410 $410,957 $263,325 $147,632
2023 $5,704 $402,900 $258,162 $144,738
2022 $4,133 $309,060 $65,280 $243,780
2021 $4,040 $303,000 $64,000 $239,000
2020 $2,176 $149,714 $62,586 $87,128
2019 $2,270 $146,779 $61,359 $85,420
2018 $2,120 $143,902 $60,156 $83,746
2016 $1,911 $138,316 $57,821 $80,495
2015 $1,810 $136,239 $56,953 $79,286
2014 $1,854 $133,571 $55,838 $77,733
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21252284

California Regional Multiple Listing Service (CRMLS)

APN: 7103-016-043