NOT LISTED FOR SALE

16211 Downey Ave Unit 60 Paramount, CA 90723

Paramount Area

Estimated Value: $591,836

2 Beds
3 Baths
1,332 Sq Ft
7.57 Acre Lot

Sale Details

Date Sold: May 4, 2020

Last sale price $446,000 $335 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,226 / mo

52 Days on Market

Highlights

  • Spa
  • Panoramic View
  • Updated Kitchen
  • Primary Bedroom Suite
  • Gated Community
  • 7.57 Acre Lot

About This Home

As of May 2020

Absolutely gorgeous remodeled VERY RARE two level town-home style condo overlooking the serene community lake and waterfall with an attached two car garage. Great views and arguably one of the best location in this development! The best of the best here with this two bedroom home with an open floor plan with plenty of natural light and tall cathedral ceilings. The kitchen is remodeled with stone slab counters, new sink, new faucet, new fixtures and much more! Remodeled bathrooms with stone slab counters, new sinks, new faucets, new laminate floor, new fixtures and new lighting! Enjoy the beautiful waterfall view from this spacious formal living room with fireplace. Two spacious bedrooms complete with their own balcony overlooking the beautiful lake and landscaping. Includes all new carpet, new interior paint, new fixtures and more! All of this in the gated community Lake Terrace. Which includes the following awesome amenities, pool, spa, water trails, community lake, waterfall and lush green belts! These units with an attached two car garage rarely come on the market, don't miss your opportunity!!

Last Agent to Sell the Property

Scott Arnott

Coldwell Banker Realty License #01217842 Listed on: 03/10/2020

Coldwell Banker Realty

Last Buyer's Agent

Rafael Gonzalez

Circle Real Estate License #01337311

Circle Real Estate

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • Two or More Common Walls
  • No Landscaping

HOA Fees

  • $345 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Lake
  • Pond
  • Panoramic
  • City Lights
  • Pool
  • Neighborhood

Home Design

  • Turnkey
  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,332 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace
  • Dining Room
  • Laundry in Carport

Kitchen

  • Updated Kitchen
  • Gas Range
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • Stone Bathroom Countertops

Outdoor Features

  • Spa
  • Balcony
  • Slab Porch or Patio
  • Exterior Lighting

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 39226
  • Assessor Parcel Number 7103016069

Community Details

Overview

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

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 1981 | Remodeled

Lot Details

7.57 Acres

HOA Fees

$345 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Security: Gated Community
  • View: Yes
  • Zoning: PARM*
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7103016069
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1332.00 Square Feet
  • Interior Amenities: Balcony, High Ceilings, Open Floorplan, Recessed Lighting
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • One Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 334.83
  • Room Type: Entry, Kitchen, Living Room, Master Bathroom, Master Bedroom, Master Suite
  • Spa Features: Association
  • Bathroom Features: Remodeled, Stone Counters, Upgraded
  • Room Kitchen Features: Remodeled Kitchen, Stone Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: City Lights, Lake, Neighborhood, Panoramic, Pond, Pool
  • Patio And Porch Features: Slab
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Central
  • Laundry Features: In Carport, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2020
Closed on
Apr 30, 2020
Sold by
Koretoff Allen J and Koretoff Sandra A
Bought by
Seller's Agent
Scott Arnott
Coldwell Banker Realty
Buyer's Agent
Rafael Gonzalez
Circle Real Estate
List Price
$446,500
Sold Price
$446,000
Premium/Discount to List
-$500
-0.11%
Current Estimated Value
$591,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,836
Avg. Annual Appreciation
4.53%
Original Mortgage
$427,770
Outstanding Balance
$373,049
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$218,787

Purchase Details

Closed on
Jul 2, 2003
Sold by
Koretoff Allen J
Bought by
Koretoff Allen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Paramount, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$446,000 Ticor Title
Koretoff Allen J -- Ticor Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $427,770
Previous Owner Koretoff Allen J $92,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/04/2020 05/04/20 Sold $446,000 -3.0% $335 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
03/20/2020 03/20/20 Price Changed $460,000 +3.0% $345 / Sq Ft
03/10/2020 03/10/20 For Sale $446,500 -- $335 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,477 $497,516 $274,750 $222,766
2025 $6,477 $487,762 $269,363 $218,399
2024 $6,263 $478,199 $264,082 $214,117
2023 $6,147 $468,823 $258,904 $209,919
2022 $5,981 $459,631 $253,828 $205,803
2021 $5,843 $450,619 $248,851 $201,768
2020 $3,183 $232,043 $94,596 $137,447
2019 $3,330 $227,494 $92,742 $134,752
2018 $3,115 $223,034 $90,924 $132,110
2016 $2,797 $214,376 $87,395 $126,981
2015 $2,642 $211,157 $86,083 $125,074
2014 $2,707 $207,021 $84,397 $122,624
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20048343

California Regional Multiple Listing Service (CRMLS)

APN: 7103-016-069

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