16211 Downey Ave Unit 73 Paramount, CA 90723
1
Bed
1
Bath
804
Sq Ft
$414/mo
HOA Fee
Highlights
- In Ground Pool
- Gated Community
- Updated Kitchen
- Home fronts a pond
- View of Trees or Woods
- 7.57 Acre Lot
About This Home
As of June 2025Step into comfort and style in this beautifully updated 1-bedroom, 1-bath condo located in the tranquil Lake Terrace community in Paramount. This upper-level unit features vaulted ceilings, an open floor plan, and plenty of natural light, creating a bright and welcoming space. Enjoy cozy evenings by the fireplace in the spacious living room and cook with ease in the tastefully remodeled kitchen, complete with modern finishes, updated maplewood cabinetry, and plenty of space in the kitchen for a breakfast nook. Additional comforts include in-unit laundry and a large private patio, ideal for relaxing or entertaining. The home includes two assigned parking spots and is surrounded by beautifully landscaped grounds. Residents of Lake Terrace enjoy access to a sparkling community pool, perfect for cooling off on warm California days. Conveniently located near shopping, dining, and major freeways, this move-in-ready condo offers comfort, style, and convenience in a peaceful setting.
Last Agent to Sell the Property
Pak Home Realty Brokerage Email: HomesbyMaryRobles@gmail.com License #01475328 Listed on: 05/08/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,990
Year Built
- Built in 1981 | Remodeled
Lot Details
- Home fronts a pond
- 1 Common Wall
- Brick Fence
- Density is up to 1 Unit/Acre
HOA Fees
- $414 Monthly HOA Fees
Property Views
- Woods
- Meadow
Home Design
- Traditional Architecture
Interior Spaces
- 804 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Free Standing Fireplace
- Gas Fireplace
- Blinds
- Window Screens
- Living Room with Fireplace
- Dining Room
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Gas Oven
- Gas Cooktop
- Quartz Countertops
- Built-In Trash or Recycling Cabinet
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- Walk-In Closet
- 1 Full Bathroom
- Bathtub
- Walk-in Shower
Laundry
- Laundry Room
- Laundry in Kitchen
- Washer and Gas Dryer Hookup
Parking
- 1 Open Parking Space
- 2 Parking Spaces
- 1 Carport Space
- Parking Available
- Automatic Gate
- Guest Parking
- Assigned Parking
Accessible Home Design
- Accessible Parking
Pool
- In Ground Pool
- In Ground Spa
Outdoor Features
- Balcony
- Open Patio
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 39226
- Assessor Parcel Number 7103016082
- $435 per year additional tax assessments
Community Details
Overview
- 118 Units
- Lake Terrace Association, Phone Number (562) 531-1955
- A.R.K HOA
- Maintained Community
- Community Lake
- Greenbelt
Recreation
- Tennis Courts
- Community Pool
- Community Spa
Pet Policy
- Pets Allowed
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2025
Closed on
Jun 11, 2025
Sold by
Tapia Andrew Steve
Bought by
Tapia Denise S
Seller's Agent
Mary Robles
Pak Home Realty
Buyer's Agent
Vital Lourenco
Borba Investment Realty
List Price
$469,000
Sold Price
$469,000
Views
12
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.83%
Original Mortgage
$169,000
Outstanding Balance
$169,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$283,333
Purchase Details
Listed on
May 8, 2025
Closed on
Jun 5, 2025
Sold by
Perez Denise S and Tapia Denise S
Bought by
Da Costa Justin
Seller's Agent
Mary Robles
Pak Home Realty
Buyer's Agent
Vital Lourenco
Borba Investment Realty
List Price
$469,000
Sold Price
$469,000
Views
12
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Outstanding Balance
$169,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$283,333
Purchase Details
Listed on
Oct 12, 2017
Closed on
Dec 12, 2017
Sold by
Reta Louis J
Bought by
Perez Denise S
Seller's Agent
Jaime Sandoval
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Mary Robles
Pak Home Realty
List Price
$270,000
Sold Price
$263,000
Premium/Discount to List
-$7,000
-2.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$250,381
Interest Rate
4.75%
Mortgage Type
FHA
Similar Homes in Paramount, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Orange Coast Title Company | |
| Grant Deed | $469,000 | Orange Coast Title Company | |
| Grant Deed | $263,000 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $169,000 | New Conventional | |
| Previous Owner | $250,381 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | Sold | $469,000 | 0.0% | $583 / Sq Ft |
| 05/14/2025 05/14/25 | Pending | -- | -- | -- |
| 05/08/2025 05/08/25 | For Sale | $469,000 | +78.3% | $583 / Sq Ft |
| 02/01/2018 02/01/18 | Sold | $263,000 | -2.6% | $327 / Sq Ft |
| 01/15/2018 01/15/18 | For Sale | $270,000 | 0.0% | $336 / Sq Ft |
| 12/11/2017 12/11/17 | Pending | -- | -- | -- |
| 11/23/2017 11/23/17 | Price Changed | $270,000 | +3.8% | $336 / Sq Ft |
| 10/12/2017 10/12/17 | For Sale | $260,000 | -- | $323 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $3,990 | $299,241 | $150,417 | $148,824 |
| 2024 | $3,990 | $293,374 | $147,468 | $145,906 |
| 2023 | $3,917 | $287,623 | $144,577 | $143,046 |
| 2022 | $3,812 | $281,985 | $141,743 | $140,242 |
| 2021 | $3,726 | $276,457 | $138,964 | $137,493 |
| 2019 | $3,818 | $268,260 | $134,844 | $133,416 |
| 2018 | $2,378 | $164,897 | $65,954 | $98,943 |
| 2016 | $2,142 | $158,495 | $63,394 | $95,101 |
| 2015 | $2,026 | $156,115 | $62,442 | $93,673 |
| 2014 | $2,076 | $153,058 | $61,219 | $91,839 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Robles
Seller's Agent in 2025
Mary Robles
Pak Home Realty
(562) 235-0123
1 in this area
29 Total Sales
-
Vital Lourenco
V
Buyer's Agent in 2025
Vital Lourenco
Borba Investment Realty
(562) 644-4194
1 in this area
15 Total Sales
-
Jaime Sandoval
Seller's Agent in 2018
Jaime Sandoval
Berkshire Hathaway HomeServices California Properties
(562) 480-1326
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25099514
APN: 7103-016-082
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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