Seller's Agent in 2023
Jennifer Jaye Fraser
Queen Bee Brokers
(310) 877-3800
1 in this area
15 Total Sales
16211 Downey Ave Unit 8 Paramount, CA 90723
Estimated Value: $531,000 - $564,000
2
Beds
2
Baths
1,082
Sq Ft
$345/mo
HOA Fee
Highlights
- In Ground Pool
- Gated Community
- 7.57 Acre Lot
- Automatic Gate
- Pond View
- Living Room with Fireplace
About This Home
As of December 2023An 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.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,812
Year Built
- Built in 1981
Lot Details
- 8
HOA Fees
- $345 Monthly HOA Fees
Property Views
- Pond
- Creek or Stream
Home Design
- Traditional Architecture
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
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
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%
Total Days on Market
11
Views
70
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,669
Avg. Annual Appreciation
2.08%
Original Mortgage
$515,490
Outstanding Balance
$510,326
Interest Rate
7.5%
Mortgage Type
FHA
Estimated Equity
$29,680
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
$510,326
Interest Rate
7.5%
Mortgage Type
FHA
Estimated Equity
$29,680
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
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 | 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 | Florida Croffie Revocable Living Trust | $100,000 | |
| Previous Owner | Croffie Florida | $107,700 | |
| Previous Owner | Croffie Florida | $132,300 | |
| Previous Owner | Croffie Florida | $25,000 | |
| Previous Owner | Croffie Florida | $120,000 | |
| Previous Owner | Croffie Florida | $114,460 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 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 |
|---|---|---|---|---|
| 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
-
Ileana Amiel
Buyer's Agent in 2023
Ileana Amiel
Keller Williams Coastal Prop.
(562) 972-6783
1 in this area
49 Total Sales
Map
Similar Homes in Paramount, CA
Source: The MLS
MLS Number: 23-324111
APN: 7103-016-017
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