NOT LISTED FOR SALE

16211 Downey Ave Unit 8 Paramount, CA 90723

Estimated Value: $525,000 - $545,000

2 Beds
2 Baths
1,082 Sq Ft
$345/ mo HOA Fee

Last Sold December 21, 2023

Last sale price $525,000 $485 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,728/month

11 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • 7.57 Acre Lot
  • Automatic Gate
  • Pond View
  • Living Room with Fireplace

About This Home

As of December 2023

An exceptional opportunity to own in the highly sought after Lake Terrace Community. Located near the front of this serene and tranquil resort living environment, this upper 2BR 2BA condo offers tons of bright light and a spacious open floor plan. Vaulted ceilings and Updated laminate flooring throughout the entire home. Brand New gorgeous closet doors in both bedrooms. Views of the pond and streams from your living area and large deck that expands across the primary bedroom. There is an additional front deck with access from Kitchen and second bedroom. This unit also includes a Private Laundry closet with washer and dryer and 2 parking spaces. Waterfalls, Pool, Spa and Full Tennis courts are located in complex.

Last Agent to Sell the Property

Jennifer Jaye Fraser

Queen Bee Brokers License #01805318 Listed on: 11/02/2023

Last Buyer's Agent

Ileana Amiel

Keller Williams Coastal Prop. License #01310037

Keller Williams Coastal Prop.

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1981

Lot Details

  • 7.57

HOA Fees

  • $345 Monthly HOA Fees

Property Views

  • Pond
  • Creek or Stream

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor

Interior Spaces

  • 1,082 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Sliding Doors
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Area
  • Laminate Flooring
  • Security Lights

Kitchen

  • Breakfast Area or Nook
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Dressing Area
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • 1 Covered Space
  • Covered Parking
  • Automatic Gate
  • Guest Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Balcony
  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 7103-016-017

Community Details

Overview

  • 132 Units
  • Maintained Community

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1981

Lot Details

7.57 Acres

HOA Fees

$345 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Lake Terrace Condominium Association
  • Entry Floor: 2
  • Living Area: 1082
  • Lot Acreage: 7.5680
  • Planned Urban Dev: 0
  • Year Built: 1981
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Cathedral-Vaulted Ceilings
  • Fireplace Rooms: Living Room
  • Flooring: Laminate
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Outside, In Closet, Laundry Area
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Washer, Garbage Disposal
  • Price Per S Q F T: 478.74

Exterior Features

  • Other Features: Balcony, Sliding Glass Doors
  • Tennis Court: Community
  • Tennis Court Y/N: Yes
  • Patio: Deck(s), Balcony, Living Room Deck Attached
  • Pool Description: Association Pool
  • Pool: Yes
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: Creek/Stream, Pond
  • View: Yes

Garage/Parking

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

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Gated, Exterior Security Lights, Automatic Gate, Smoke Detector, Carbon Monoxide Detector(s), Fire Sprinklers

Association/Amenities

  • Amenities: Assoc Pet Rules, Assoc Maintains Landscape, Pool, Tennis Courts, Gated Parking, Gated Community
  • Pet Rules: Assoc Pet Rules, Call, Pets Permitted

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 345.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 7103-016-017
  • Lot Size Area: 329662

Multi Family

  • Number Of Units: 132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2023
Closed on
Dec 2, 2023
Sold by
Croffie Florida
Bought by
Ramos Stephen and Ramos Maria
Seller's Agent
Jennifer Jaye Fraser
Queen Bee Brokers
Buyer's Agent
Ileana Amiel
Keller Williams Coastal Prop.
List Price
$518,000
Sold Price
$525,000
Premium/Discount to List
$7,000
1.35%
Views
70
Current Estimated Value
$535,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,193
Avg. Annual Appreciation
0.86%
Original Mortgage
$515,490
Outstanding Balance
$505,173
Interest Rate
7.5%
Mortgage Type
FHA
Estimated Equity
$30,020

Purchase Details

Listed on
Nov 2, 2023
Closed on
Nov 15, 2023
Sold by
Florida Croffie Revocable Living Trust
Bought by
Croffie Florida
Seller's Agent
Jennifer Jaye Fraser
Queen Bee Brokers
Buyer's Agent
Ileana Amiel
Keller Williams Coastal Prop.
List Price
$518,000
Sold Price
$525,000
Premium/Discount to List
$7,000
1.35%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,490
Outstanding Balance
$505,173
Interest Rate
7.5%
Mortgage Type
FHA
Estimated Equity
$30,020

Purchase Details

Closed on
Feb 23, 2008
Sold by
Croffie Florida
Bought by
Croffie Florida and The Florida Croffie Revocable Living Tr

Purchase Details

Closed on
Oct 7, 1999
Sold by
Mott Lynnda L
Bought by
Croffie Florida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,460
Interest Rate
7.82%
Mortgage Type
FHA
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
Ramos Stephen $525,000 Wfg National Title
Croffie Florida -- Wfg National Title
Croffie Florida -- None Available
Croffie Florida $118,000 Lawyers Title Company
Angelo Lynnda L -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramos Stephen $515,490
Previous Owner Croffie Florida $114,460
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2023 12/21/23 Sold $525,000 +1.4% $485 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
11/02/2023 11/02/23 For Sale $518,000 -- $479 / 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 $6,812 $535,500 $306,102 $229,398
2024 $6,812 $525,000 $300,100 $224,900
2023 $2,564 $174,299 $34,854 $139,445
2022 $2,496 $170,882 $34,171 $136,711
2021 $2,438 $167,532 $33,501 $134,031
2019 $2,490 $162,564 $32,508 $130,056
2018 $2,327 $159,377 $31,871 $127,506
2016 $2,093 $153,190 $30,635 $122,555
2015 $1,982 $150,890 $30,175 $120,715
2014 $2,030 $147,935 $29,584 $118,351
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Jaye Fraser

    Seller's Agent in 2023

    Jennifer Jaye Fraser

    Queen Bee Brokers

    (310) 877-3800

    1 in this area

    16 Total Sales

    Jennifer Jaye Fraser
    Section Image
  • Ileana Amiel

    Buyer's Agent in 2023

    Ileana Amiel

    Keller Williams Coastal Prop.

    (562) 626-8601

    1 in this area

    40 Total Sales

    Ileana Amiel
    Section Image
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Map

Source: The MLS

MLS Number: 23-324111

The MLS

APN: 7103-016-017

California Los Angeles County Paramount 90723

16211 Downey Ave Unit 8, Paramount, CA

Not Listed for Sale

Condos

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