NOT LISTED FOR SALE

7221 Petrol St Unit 48 Paramount, CA 90723

Estimated Value: $457,000 - $505,000

2 Beds
2 Baths
829 Sq Ft
$240/mo HOA Fee

Last Sold October 14, 2022

Last sale price $425,000 $513 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,334/month

49 Days on Market

Highlights

  • No Units Above
  • 1.93 Acre Lot
  • Spanish Architecture
  • Primary Bedroom Suite
  • Open Floorplan
  • 5-minute walk to Salud Park

About This Home

As of October 2022

JUST REDUCED!!! Look no further for the opportunity to own a beautiful turn key condo in a gated community! This super clean and updated 2 bedroom and 2 full bath unit is upstairs which gives you high ceilings, recessed lighting, and no one above you! There are two awesome balconies that give you indoor/outdoor living to grow plants, watch the sunrise and enjoy your morning coffee. The family room offers a beautiful stacked stone fireplace. The kitchen has been updated with beautiful wood cabinetry and new hardware, large peninsula island with room for seating "think breakfast bar", comes with all existing appliances including full sized washer and dryer! Sliding glass door to one balcony from the living room. Hall bath adjacent to secondary bedroom with shower and tub combination. Primary bedroom has en suite bath and additional sliding glass door with separate balcony. Engineered hardwood floors throughout the living spaces with tile flooring in kitchen and bathrooms. Property comes with two assigned side-by-side parking spaces that are covered and are right near the unit. Unit has central heating and air! This is a gated complex for additional security. Within walking distance to Salud Park with all it offers including rubberized track, volleyball court, and exercise stations. With this reduced price, how can you pass this amazing home up?** DOWN PAYMENT ASSISTANCE MAY BE AVAILABLE**

Last Listed By

Rachel Rodriguez

Keller Williams Realty License #02173649 Listed on: 06/18/2022

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,585

Year Built

  • Built in 1989

Lot Details

  • No Units Above
  • Two or More Common Walls
  • Security Fence
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

HOA Fees

  • $240 Monthly HOA Fees

Property Views

  • Neighborhood
  • Courtyard

Home Design

  • Spanish Architecture
  • Turnkey
  • Slab Foundation
  • Frame Construction
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 829 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Fireplace With Gas Starter
  • Sliding Doors
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Upgraded Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Side by Side Parking
  • Automatic Gate
  • Assigned Parking
  • Controlled Entrance

Outdoor Features

  • Living Room Balcony
  • Patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 46929
  • Assessor Parcel Number 6241024111

Community Details

Overview

  • 68 Units
  • Paramount Emerald Court HOA, Phone Number (888) 959-7671
  • Maintained Community

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,585

Year Built

Built in 1989

Lot Details

0

HOA Fees

$240 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Washer, dryer, all existing kitchen appliances
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: PARM*
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 6241024111
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 829.00 Square Feet
  • Interior Amenities: Balcony, Ceramic Counters, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting, Tile Counters, Unfurnished
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Tile
  • Accessibility Features: Parking, See Remarks
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar
  • Fireplace Features: Living Room, Gas Starter
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 512.67
  • Room Type: Entry, Living Room, Master Suite
  • Bathroom Features: Shower In Tub, Exhaust Fan(s), Upgraded
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Courtyard, Neighborhood
  • Fence: Yes
  • Fencing: Security, Wrought Iron
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Controlled Entrance, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Kitchen, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds, Trash, Water, Pet Rules, Call for Rules, Management, Controlled Access, Hot Water
  • Association Fee: 240.00
  • Association Fee Frequency: Monthly
  • Association Name: Paramount Emerald Court HOA
  • Phone: 888-959-7671
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Gutters, Sidewalks, Suburban
  • Association Management: Paramount Emerald Court HOA

Schools

  • School District: Paramount Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: 0-1 Unit/Acre, Paved
  • Lot Size Sq Ft: 84239.00
  • Lot Size Acres: 1.9339

Multi Family

  • Lease Considered: No
  • Lot Size Area: 84239.0000 Square Feet
  • Number Of Units In Community: 68
  • Number Of Units Total: 68

Tax Info

  • Tax Census Tract: 5536.01
  • Tax Lot: 1
  • Tax Tract Number: 46929

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2010
Sold by
Federal National Mortgage Association
Bought by
Bradley Lisa A
Total Days on Market
49
Current Estimated Value
$472,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,932
Interest Rate
5.11%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 23, 2009
Sold by
Olavarria Jose Luis
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 16, 2007
Sold by
Ramirez Rick C and Ramirez Mary D
Bought by
Olavarria Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2004
Sold by
Ramirez Rick C
Bought by
Ramirez Rick C and Ramirez Mary D

Purchase Details

Closed on
Nov 22, 2003
Sold by
Ramirez Rick C and Ramirez Mary D
Bought by
Ramirez Rick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,100
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2001
Sold by
Weathersby Joseph A
Bought by
Ramirez Rick C and Ramirez Mary D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,030
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 12, 1996
Sold by
Hud
Bought by
Weathersby Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,780
Interest Rate
8.3%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 20, 1996
Sold by
Thomas Leo R and Thomas Kimberly Renee
Bought by
Roosevelt Bank

Purchase Details

Closed on
Jun 6, 1996
Sold by
Roosevelt Bank
Bought by
Hud

Purchase Details

Closed on
Jul 22, 1993
Sold by
Thomas Leo R
Bought by
Thomas Leo R and Thomas Kimberly Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,700
Interest Rate
7.16%
Mortgage Type
FHA

Range of Values:

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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
Bradley Lisa A $125,500 Lawyers Title Company
Federal National Mortgage Association $266,845 First American Title Ins Co
Olavarria Jose Luis $290,000 Stewart Title Of Ca Inc
Ramirez Rick C -- --
Ramirez Rick C -- --
Ramirez Rick C -- Security Union Title
Ramirez Rick C $99,000 Chicago Title Co
Weathersby Joseph A $61,000 California Counties Title Co
Roosevelt Bank $117,003 United Title
Hud -- United Title
Thomas Leo R -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bradley Lisa A $3,688
Open Bradley Lisa A $122,932
Previous Owner Olavarria Jose Luis $290,000
Previous Owner Ramirez Rick C $30,000
Previous Owner Ramirez Rick C $175,000
Previous Owner Ramirez Rick C $152,100
Previous Owner Ramirez Rick C $113,900
Previous Owner Ramirez Rick C $96,030
Previous Owner Weathersby Joseph A $59,780
Previous Owner Thomas Leo R $108,700
Closed Ramirez Rick C $2,970
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $425,000 -5.3% $513 / Sq Ft
08/07/2022 08/07/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $449,000 -2.2% $542 / Sq Ft
06/18/2022 06/18/22 For Sale $459,000 -- $554 / 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
2024 $5,585 $433,500 $266,628 $166,872
2023 $5,479 $425,000 $261,400 $163,600
2022 $2,238 $152,278 $30,403 $121,875
2021 $2,186 $149,293 $29,807 $119,486
2020 $2,140 $147,763 $29,502 $118,261
2019 $2,232 $144,867 $28,924 $115,943
2018 $2,090 $142,027 $28,357 $113,670
2016 $1,883 $136,513 $27,256 $109,257
2015 $1,783 $134,463 $26,847 $107,616
2014 $1,826 $131,830 $26,322 $105,508
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22127534

California Regional Multiple Listing Service (CRMLS)

APN: 6241-024-111