NOT LISTED FOR SALE

16212 Minnesota Ave Paramount, CA 90723

Estimated Value: $768,000 - $1,308,000

3 Beds
2 Baths
1,236 Sq Ft
$840/Sq Ft Est. Value

Last Sold December 26, 2018

Last sale price $750,000 $607 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,806/month

171 Days on Market

Highlights

  • Water Views
  • Cooling Available
  • Laundry Room
  • No HOA

About This Home

As of December 2018

This is your opportunity to acquire one of the last undeveloped lots in the area. The sale price INCLUDES the adjacent parcel, 16206 Minnesota Ave. Both Lots are 50'X150' and zoned for heavy manufacturing (PAM2). That's 15,000 Sqft! This is a rare opportunity for a local business or developer to purchase contiguous lots in this desirable location central to the 710, 105, 91 and 605 Freeways. Each lots contains a 3+1 single family residence. Both houses are in disrepair and would take substantial repairs to make them habitable. Both properties are being sold AS-IS with the value being in the land. There is Power, Gas, Sewer and Water onsite, substantially reducing the costs for future development. These properties feature a back alley that promotes convenient access to both parcels from the front and the rear.

Last Agent to Sell the Property

Tyler Havens

Havens Realty License #01949469 Listed on: 05/28/2018

Last Buyer's Agent

Tyler Havens

Havens Realty License #01949469 Listed on: 05/28/2018

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 7,501 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned PAM2*

Interior Spaces

  • 1,236 Sq Ft Home
  • Den with Fireplace
  • Water Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 71
  • Assessor Parcel Number 7102018003

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

7,501 Sq Ft Lot

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: PAM2*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7102018003
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1236.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Den
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 606.80
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Water
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1722

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7501.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5538.02
  • Tax Lot: 2
  • Tax Tract Number: BLK 71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2018
Closed on
Dec 20, 2018
Sold by
Walblom David G and Chaisson Walblom Susan L
Bought by
Cross Michael J and Cross Carrie M
Seller's Agent
Tyler Havens
Havens Realty
Buyer's Agent
Tyler Havens
Havens Realty
List Price
$750,000
Sold Price
$750,000
Current Estimated Value
$1,038,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,000
Avg. Annual Appreciation
4.66%
Original Mortgage
$600,000
Outstanding Balance
$528,646
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$509,354

Purchase Details

Closed on
Dec 6, 2017
Sold by
Walblom David G
Bought by
Chaisson Walblom Susan L and David Walblom And Susan Chaisson Walblo
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
Cross Michael J $750,000 Chicago Title Company
Chaisson Walblom Susan L -- None Available
Walblom David G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cross Michael J $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2018 12/26/18 Sold $750,000 0.0% $607 / Sq Ft
11/15/2018 11/15/18 Pending -- -- --
05/28/2018 05/28/18 For Sale $750,000 -- $607 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,513 $418,317 $418,317 --
2024 $5,513 $410,115 $410,115 --
2023 $5,411 $402,074 $402,074 $0
2022 $5,267 $394,191 $394,191 $0
2021 $5,146 $386,462 $386,462 $0
2019 $5,301 $375,000 $375,000 $0
2018 $813 $36,571 $30,565 $6,006
2016 $738 $35,153 $29,379 $5,774
2015 $712 $34,626 $28,938 $5,688
2014 $725 $33,949 $28,372 $5,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18126956

California Regional Multiple Listing Service (CRMLS)

APN: 7102-018-003

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