16211 Downey Ave Unit 65 Paramount, CA 90723
Estimated payment $3,242/month
Highlights
- 7.57 Acre Lot
- Clubhouse
- Quartz Countertops
- Creek or Stream View
- Deck
- Terrace
About This Home
Beautiful, high ceiling, one bedroom condo in the Resort Style, gated community of Lake Terrace in the City of Paramount. Enjoy the peaceful sound of running streams throughout the complex. This is a large top floor corner condo with views of the greenery, streams, and corner lot provides a lot of privacy. Upon entering the home, you step into the open living room, filled with natural light highlighted by panoramic windows and a warm, welcoming fireplace. The living room flows into the formal dining area. The kitchen has recently updated features and offers plenty of cabinetry, granite countertops, and a breakfast nook that opens to the living room, creating a seamless open floor plan. Direct access to the large balcony from the living room allows you to host and enjoy the outdoor space as an extension of the interior living space. The bedroom features high ceilings, ample storage including two closets, and private access to the bathroom. Washer and Dryer are located on the balcony in its own private closet. The HOA is in the process of upcoming updates, including the renovation of the roof, stucco, and siding, as well as the installation of solar panel carports. This unit comes with two assigned parking spaces, one covered and one uncovered, and additional guest parking is readily available. The sales price includes all appliances. Enjoy exclusive access to a key fob-entry mailroom, refreshing pool and pickle ball courts within the community. Updates include: Balcony was fully removed and rebuilt by HOA in 2025, Shower remodeled in 2023, Water Heater in 2025, Furnace has annual tune-ups recently completed April 2026 with a 6 month warranty and much more. This home has been meticulously maintained and is fully turn key. Welcome home!
Listing Agent
The Foster Company Brokerage Phone: 562-895-4151 License #02019628 Listed on: 05/14/2026
Open House Schedule
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Saturday, May 16, 202612:00 to 2:00 pm5/16/2026 12:00:00 PM +00:005/16/2026 2:00:00 PM +00:00First Open Houses will be held Saturday May 16 from 12-2pm and Sunday May 17 from 12pm-2pm.Add to Calendar
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Sunday, May 17, 202612:00 to 2:00 pm5/17/2026 12:00:00 PM +00:005/17/2026 2:00:00 PM +00:00First Open Houses will be held Saturday May 16 from 12-2pm and Sunday May 17 from 12pm-2pm.Add to Calendar
Property Details
Home Type
- Condominium
Year Built
- Built in 1981
HOA Fees
- $414 Monthly HOA Fees
Home Design
- Entry on the 2nd floor
Interior Spaces
- 750 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Dining Room
- Laminate Flooring
- Creek or Stream Views
Kitchen
- Breakfast Bar
- Built-In Range
- Dishwasher
- Quartz Countertops
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- All Upper Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Parking
- 1 Parking Space
- 1 Carport Space
- Parking Available
- Guest Parking
Outdoor Features
- Deck
- Patio
- Terrace
- Exterior Lighting
- Rain Gutters
Utilities
- Central Heating and Cooling System
- 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 7103016074
- $509 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 118 Units
- Lake Terrace Association, Phone Number (562) 317-7244
- A.R.K. Management HOA
Amenities
- Outdoor Cooking Area
- Community Barbecue Grill
- Clubhouse
Recreation
- Tennis Courts
- Pickleball Courts
- Community Pool
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,142 | $312,340 | $180,376 | $131,964 |
| 2024 | $4,142 | $306,217 | $176,840 | $129,377 |
| 2023 | $4,066 | $300,214 | $173,373 | $126,841 |
| 2022 | $3,957 | $294,328 | $169,974 | $124,354 |
| 2021 | $3,867 | $288,558 | $166,642 | $121,916 |
| 2020 | $3,781 | $285,600 | $164,934 | $120,666 |
| 2019 | $3,964 | $280,000 | $161,700 | $118,300 |
| 2018 | $3,029 | $218,663 | $125,826 | $92,837 |
| 2017 | $2,935 | $214,376 | $123,359 | $91,017 |
| 2016 | $2,394 | $181,000 | $104,000 | $77,000 |
| 2015 | $2,292 | $181,000 | $104,000 | $77,000 |
| 2014 | $2,129 | $158,000 | $90,900 | $67,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/14/2026 05/14/26 | For Sale | $465,000 | +66.1% | $620 / Sq Ft | |
| 10/02/2018 10/02/18 | Sold | $280,000 | 0.0% | $373 / Sq Ft | View Prior Sale |
| 08/23/2018 08/23/18 | Pending | -- | -- | -- | |
| 07/23/2018 07/23/18 | For Sale | $280,000 | -- | $373 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $280,000 | Ticor Title | |
| Grant Deed | $175,000 | North American Title Co | |
| Individual Deed | $90,500 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | New Conventional | |
| Previous Owner | $169,750 | FHA | |
| Closed | $5,250 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26105324
APN: 7103-016-074
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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