NOT LISTED FOR SALE

7329 Gainford St Downey, CA 90240

Estimated Value: $931,000 - $996,492

3 Beds
2 Baths
1,783 Sq Ft
$542/Sq Ft Est. Value

Sale Details

Date Sold: August 24, 2018

Last sale price $673,000 $377 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,900 / mo

41 Days on Market

Highlights

  • Greenhouse
  • Gated Parking
  • Updated Kitchen
  • In Ground Pool
  • City Lights View
  • Open Floorplan

About This Home

As of August 2018

BACK ON THE MARKET! Appraised at $699,000. Has termite clearance. This North Downey home features more than just a well-maintained front yard on a cul-de-sac street. The common area has an open floor plan consisting of the living room, the kitchen, and the dining room. The bedrooms and the bathrooms are situated in the hallway by the entrance. The entire house is fully upgraded with new paint, new flooring, new kitchen appliances, and new vanities.

The 1,783 sqft includes a permitted enclosed patio that can be used as a recreational room or a guest room. In the backyard, there is a gated swimming pool, and an unpermitted bedroom and a bathroom, which was converted from a permitted greenhouse.

This home is near Cerritos College it is a perfect opportunity for investors to rent it out to a group of college students.

Last Agent to Sell the Property

Mujahidul Huq

Vertex Alliance Group License #01971484 Listed on: 06/10/2018

Last Buyer's Agent

Laura Salgues

The ONE Luxury Properties License #01940236

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953

Lot Details

  • 7,622 Sq Ft Lot
  • Cul-De-Sac
  • Density is up to 1 Unit/Acre
  • Property is zoned DOR17500*

Parking

  • 2 Car Garage
  • Parking Available
  • Side Facing Garage
  • Driveway
  • Gated Parking

Property Views

  • City Lights
  • Pool

Home Design

  • Turnkey

Interior Spaces

  • 1,783 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Bonus Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Bathtub

Outdoor Features

  • In Ground Pool
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Greenhouse

Location

  • Suburban Location

Schools

  • Price Elementary School
  • Griffith Middle School
  • Warren High School

Utilities

  • Central Heating and Cooling System
  • Private Sewer
  • Phone Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 57
  • Tax Tract Number 17849
  • Assessor Parcel Number 6359024015

Home Details

Home Type

Single Family

Year Built

Built in 1953

Lot Details

7,622 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: DOR17500*
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6359024015
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1783.00 Square Feet
  • Interior Amenities: Granite Counters, Open Floorplan
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: In Family Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 377.45
  • Room Type: Bonus Room, Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom
  • Bathroom Features: Bathtub, Remodeled
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Other Structures: Greenhouse
  • View: City Lights, Pool
  • Patio And Porch Features: Enclosed
  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Side, Gated
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Storm Drains, Street Lights, Suburban

Schools

  • Elementary School: Price
  • High School: Warren
  • Middle Or Junior School: Griffith
  • Elementary School #2: PRICE
  • High School2: WARREN

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Cul-De-Sac
  • Lot Size Sq Ft: 7622.00

Multi Family

  • Lease Considered: No
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5507.00
  • Tax Lot: 57
  • Tax Tract Number: 17849

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2018
Closed on
Aug 14, 2018
Sold by
Ortiz Realty And Investment Inc
Bought by
Berumen Daniel Javier and Riguero Maria Natalia
Seller's Agent
Mujahidul Huq
Vertex Alliance Group
Buyer's Agent
Laura Salgues
The ONE Luxury Properties
List Price
$699,000
Sold Price
$673,000
Premium/Discount to List
-$26,000
-3.72%
Current Estimated Value
$967,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,123
Avg. Annual Appreciation
4.83%
Original Mortgage
$538,300
Outstanding Balance
$467,492
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$499,631

Purchase Details

Listed on
Jun 12, 2017
Closed on
Jul 27, 2017
Sold by
Platinum Property Holdings Inc
Bought by
Ortiz Realty & Investments Inc
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
John Azadzoi
Elite Reo Broker
List Price
$560,000
Sold Price
$494,970
Premium/Discount to List
-$65,030
-11.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.37%
Original Mortgage
$429,250
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 12, 2017
Closed on
Jul 13, 2017
Sold by
The Bank Of New York Mellon
Bought by
Platinum Property Holdings
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
John Azadzoi
Elite Reo Broker
List Price
$560,000
Sold Price
$494,970
Premium/Discount to List
-$65,030
-11.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,250
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2017
Sold by
Saldana Carlos P
Bought by
The Bank Of New York Mellon and The Bank Of New York

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,250
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2012
Sold by
Saldana Carlos P and Saldana Maria Franco
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Dec 28, 2011
Sold by
Saldana Carlos P and Saldana Maria Franco
Bought by
Parno Ricardo Pena and Gradilla Vanessa

Purchase Details

Closed on
Jan 25, 2006
Sold by
Saldana Carlos P and Saldana Maria Franco
Bought by
Saldana Carlos P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 13, 2005
Sold by
Reyes Concepcion
Bought by
Saldana Carlos P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
5.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 9, 1995
Sold by
Bank Of America Nt & Sa
Bought by
Resolution Trust Corp and Western Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,956
Interest Rate
8.46%

Purchase Details

Closed on
Apr 17, 1995
Sold by
Maldonado Irma Yolanda
Bought by
Maldonado Jose Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,956
Interest Rate
8.46%

Purchase Details

Closed on
Apr 5, 1995
Sold by
Resolution Trust Corp
Bought by
Reyes Maria Concepcion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,956
Interest Rate
8.46%

Purchase Details

Closed on
Sep 10, 1994
Sold by
Buan Eduardo A and Buan Delfina M
Bought by
Bank Of America and Security Pacific National Bank
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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Purchase History

Date Buyer Sale Price Title Company
Berumen Daniel Javier $673,000 First American Title Company
Ortiz Realty & Investments Inc $514,000 None Available
Platinum Property Holdings $495,000 Title365 Company
The Bank Of New York Mellon $639,532 Title 365
The Bank Of New York Mellon $342,000 Landsafe Title
Parno Ricardo Pena -- None Available
Saldana Carlos P -- North American Title Co
Saldana Carlos P $535,000 --
Reyes Concepcion -- Fidelity National Title Co
Medina Javier Franco -- Fidelity National Title Co
Resolution Trust Corp -- United Title
Maldonado Jose Antonio -- United Title
Reyes Maria Concepcion -- United Title
Bank Of America $175,950 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berumen Daniel Javier $538,300
Previous Owner Ortiz Realty & Investments Inc $429,250
Previous Owner Platinum Property Holdings $429,250
Previous Owner Saldana Carlos P $540,000
Previous Owner Saldana Carlos P $424,000
Previous Owner Reyes Maria Concepcion $173,956
Closed Saldana Carlos P $79,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2018 08/24/18 Sold $673,000 -3.7% $377 / Sq Ft
07/21/2018 07/21/18 Pending -- -- --
06/10/2018 06/10/18 For Sale $699,000 +41.2% $392 / Sq Ft
08/09/2017 08/09/17 Sold $494,970 -11.6% $327 / Sq Ft View Prior Sale
07/05/2017 07/05/17 Pending -- -- --
06/12/2017 06/12/17 For Sale $560,000 -- $370 / 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 $9,279 $750,740 $543,256 $207,484
2024 $9,279 $736,020 $532,604 $203,416
2023 $8,961 $721,589 $522,161 $199,428
2022 $8,508 $707,441 $511,923 $195,518
2021 $8,333 $693,571 $501,886 $191,685
2019 $8,117 $673,000 $487,000 $186,000
2018 $7,094 $586,000 $410,000 $176,000
2017 $6,657 $547,000 $423,000 $124,000
2016 $6,699 $547,000 $423,000 $124,000
2015 $6,304 $513,000 $397,000 $116,000
2014 $6,058 $513,000 $397,000 $116,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18138275

California Regional Multiple Listing Service (CRMLS)

APN: 6359-024-015

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