NOT LISTED FOR SALE

16211 Downey Ave Unit 48 Paramount, CA 90723

Estimated Value: $434,279 - $468,000

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

Last Sold May 27, 2022

Last sale price $415,000 $535 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,158/month

5 Days on Market

Highlights

  • Unit is on the top floor
  • Gated Parking
  • View of Trees or Woods
  • Heated In Ground Pool
  • Gated Community
  • 7.57 Acre Lot

About This Home

As of May 2022

Welcome Home to beautiful Lake Terrace. This beautiful one bedroom home is an upstairs unit with no one above you. Enjoy your spacious living area with cathedral ceilings, brick fireplace, and a dining area with an alcove. A slider and two large windows gives these rooms lots of natural light. Your kitchen is open and bright with lots of cupboard space, black and stainless appliances, counter space for additional seating and a large window for natural light. This home has a large primary suite with a walk in closet with built in shelves and an additional wall closet. The bedroom has a slider that leads out to your large private balcony with a view of the pool. The bathroom has a separate vanity area with a mirrored wall that gives a feeling of additional space and a clerestory window for extra light. The tub and shower combo has been remodeled and has built in shelves. In addition, you have multiple closets and storage throughout the home. Step outside to your large private patio and enjoy outdoor living at its best. You have room for a seating and eating area on the patio with direct access from the living room slider. Your full size laundry room is also located on the main patio in a separate closet. This home comes with a covered carport space and a dedicated second parking space. Lake Terrace is 7+ acres of meandering walkways, trees, streams, and waterfalls with a pool, spa, and tennis court for your enjoyment. Fantastic location close to shopping, restaurants, schools, and freeways.

Last Agent to Sell the Property

Robert Shanahan

Equity Union License #01315709 Listed on: 04/22/2022

Equity Union

Last Buyer's Agent

Rashawn Hollaway

Onyx Realty License #02085525

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1981

Lot Details

  • Creek or Stream
  • End Unit
  • South Facing Home
  • Gated Home

HOA Fees

  • $345 Monthly HOA Fees

Property Views

  • Woods
  • Creek or Stream
  • Pool

Home Design

  • A-Frame Home
  • Patio Home
  • Entry on the 2nd floor
  • Wood Siding
  • Stucco

Interior Spaces

  • 776 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Area
  • Alarm System

Kitchen

  • Open to Family Room
  • Gas Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Detached Carport Space
  • Gated Parking
  • Guest Parking
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Fence Around Pool
  • Heated Spa
  • In Ground Spa
  • Spa Fenced

Outdoor Features

  • Living Room Balcony
  • Deck

Location

  • Unit is on the top floor

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 7103-016-057

Community Details

Overview

  • Association fees include trash, water and sewer paid
  • 132 Units
  • Action Property Management Association, Phone Number (562) 433-0934
  • Maintained Community
  • Community Lake

Amenities

  • Community Barbecue Grill

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1981

Lot Details

0

HOA Fees

$345 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: A-Frame
  • Levels: One, Top Level
  • Street Number Display: Yes
  • Complex Name: Lake Terrace
  • Entry Floor: 2
  • Living Area: 776
  • Lot Acreage: 7.5680
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 2
  • Year Built: 1981
  • Builders Tract Name: Lake Terrace
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Cathedral-Vaulted Ceilings, Open Floor Plan, Living Room Balcony
  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Laminate
  • Appliances: Microwave, Oven-Gas, Free Standing Gas
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset, Master Bedroom
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Over Tub
  • Three Quarter Bathrooms: 0
  • Kitchen Features: Open to Family Room
  • Laundry: Laundry Area, In Unit
  • Total Bathrooms: 1.00
  • Equipment: Microwave, Dishwasher, Alarm System, Garbage Disposal, Range/Oven, Refrigerator, Washer, Dryer
  • Price Per S Q F T: 547.55

Exterior Features

  • Direction Faces: South
  • Construction: Stucco, Wood Siding
  • Other Features: Balcony, High Ceilings (9 Feet+), End Unit, Sliding Glass Doors
  • Tennis Court: Community, North/South
  • Tennis Court Y/N: Yes
  • Patio: Balcony, Living Room Balcony, Deck(s)
  • Pool Description: In Ground, Heated, Fenced, Community
  • Pool: Yes
  • Spa: Community, Fenced, Heated, In Ground
  • Spa Yn: Yes
  • View: Creek/Stream, Pool, Trees/Woods
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Carport Detached, Assigned, Gated, Parking for Guests - Onsite
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Smoke Detector, Gated
  • Sewer: In Street
  • Water: Water District

Association/Amenities

  • Amenities: Gated Community, Gated Parking, Pool, Assoc Maintains Landscape, Assoc Pet Rules, Assoc Barbecue, Spa, Lake or Pond, Tennis Courts, Guest Parking
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Trash, Water and Sewer Paid
  • HOA Fees: 345.00
  • Management Company: Action Property Management
  • Mgmt Co Phone: 5624330934|
  • Phone: 5624330934|
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 7103-016-057
  • Lot Description: Gated Community
  • Lot Location: Stream, Patio Home
  • Lot Size Area: 329662

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2002
Sold by
Perez Ricardo
Bought by
Leblanc Deborah
Current Estimated Value
$451,320

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
Outstanding Balance
$41,648
Interest Rate
9%
Estimated Equity
$409,672
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
Leblanc Deborah $105,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leblanc Deborah $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2022 05/27/22 Sold $415,000 -2.3% $535 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
04/22/2022 04/22/22 For Sale $424,900 -- $548 / Sq Ft
Source: The MLS

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 $5,578 $440,399 $284,615 $155,784
2024 $5,578 $431,765 $279,035 $152,730
2023 $5,558 $423,300 $273,564 $149,736
2022 $2,144 $143,281 $44,756 $98,525
2021 $2,012 $140,473 $43,879 $96,594
2020 $1,969 $139,034 $43,430 $95,604
2019 $2,049 $136,309 $42,579 $93,730
2018 $1,911 $133,638 $41,745 $91,893
2016 $1,721 $128,451 $40,125 $88,326
2015 $1,631 $126,523 $39,523 $87,000
2014 $1,668 $124,045 $38,749 $85,296
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-146127

The MLS

APN: 7103-016-057