NOT LISTED FOR SALE

16211 Downey Ave Unit 75 Paramount, CA 90723

Estimated Value: $418,000 - $506,000

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

Last Sold November 14, 2022

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

Est. 10% increase in value since last sale

Current estimated payment $3,193/month

30 Days on Market

Highlights

  • 7.57 Acre Lot
  • Community Pool
  • Laundry Room
  • Creek or Stream View
  • Tennis Courts
  • Central Heating and Cooling System

About This Home

As of November 2022

Beautiful resort style second floor unit in the Lake Terrace Condo community. The community offers the soothing sounds of unique streams, water falls, ponds and serine walking paths. Perfect for that first time buyer that can't quite yet afford the payments of the higher priced single family homes in the area. HOA includes a community pool, jacuzzi, and a giant tennis court. The new owner will have 2 reserved parking spaces conveniently located near the condo entrance. Enjoy the benefits of Southern California weather while you relax on the spacious patio/deck located right next to the living room and dining area. Washer and dryer are also located in the patio area and tastefully tucked away, preventing any disturbance from the flow of the patio area.

Last Agent to Sell the Property

Maria Palacios

Coldwell Banker Envision License #01378393 Listed on: 10/03/2022

Coldwell Banker Envision

Last Buyer's Agent

Argenis Hernandez

Keller Williams Coastal Prop. License #02154683

Keller Williams Coastal Prop.

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1981

Lot Details

  • 7.57

HOA Fees

  • $345 Monthly HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 776 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Creek or Stream Views
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Additional Features

  • Two or More Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 39226
  • Assessor Parcel Number 7103016084

Community Details

Overview

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

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1981

Lot Details

0

HOA Fees

$345 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: PARM*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7103016084
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 776.00 Square Feet
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 534.79
  • Room Type: Entry, Family Room

Exterior Features

  • View: Creek/Stream
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Tennis Court(s), Trash, Water
  • Association Fee: 345.00
  • Association Fee Frequency: Monthly
  • Association Name: Lake Terrace
  • Phone: 562-433-0934
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: Action Management LB

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: 118
  • Number Of Units Total: 118

Tax Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2025
Sold by
Moore Riley Caleb
Bought by
Murry Kali Regan
Current Estimated Value
$455,275

Purchase Details

Closed on
Sep 19, 2014
Sold by
Pinto Maria M Lopez
Bought by
Tirado Cesar F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2011
Sold by
Federal National Mortgage Association
Bought by
Tirado Cesar F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2011
Sold by
Hernandez Henry L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 17, 2007
Sold by
Hernandez Henry L
Bought by
Hernandez Henry L and Hernandez Bertha J

Purchase Details

Closed on
Jun 9, 2006
Sold by
Hernandez Bertha
Bought by
Hernandez Henry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,315
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 5, 2006
Sold by
Hernandez Betty C
Bought by
Hernandez Henry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,315
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 29, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Hernandez Henry L and Hernandez Betty C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,093
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 11, 1996
Sold by
Ventimiglia William
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Murry Kali Regan -- None Listed On Document
Tirado Cesar F -- Title 365
Tirado Cesar F $120,000 Lsi Title Company Inc
Federal National Mortgage Association $84,000 None Available
Hernandez Henry L -- Progressive Title
Hernandez Henry L -- Commonwealth
Hernandez Henry L -- Commonwealth
Hernandez Henry L $62,500 Investors Title Company
Home Svgs Of America Fsb $51,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tirado Cesar F $136,000
Previous Owner Tirado Cesar F $114,000
Previous Owner Hernandez Henry L $137,315
Previous Owner Hernandez Henry L $137,315
Previous Owner Hernandez Henry L $61,093
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2022 11/14/22 Sold $415,000 0.0% $535 / Sq Ft
11/02/2022 11/02/22 Pending -- -- --
10/03/2022 10/03/22 For Sale $415,000 -- $535 / Sq Ft
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
2025 $5,476 $431,765 $279,035 $152,730
2024 $5,476 $423,300 $273,564 $149,736
2023 $5,373 $415,000 $268,200 $146,800
2022 $2,129 $142,024 $28,402 $113,622
2021 $2,081 $139,241 $27,846 $111,395
2019 $2,123 $135,113 $27,021 $108,092
2018 $1,982 $132,465 $26,492 $105,973
2016 $1,788 $127,323 $25,464 $101,859
2015 $1,694 $125,411 $25,082 $100,329
2014 $1,735 $122,955 $24,591 $98,364
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22214395

California Regional Multiple Listing Service (CRMLS)

APN: 7103-016-084