NOT LISTED FOR SALE

7403 Cherokee Dr Downey, CA 90241

Estimated Value: $1,109,931 - $1,249,000

3 Beds
3 Baths
1,941 Sq Ft
$596/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $875,000 $451 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $7,264/month

10 Days on Market

Highlights

  • Golf Course View
  • Maid or Guest Quarters
  • No HOA
  • Warren High School Rated A-
  • Bonus Room
  • Cul-De-Sac

About This Home

As of October 2021

RARE DOWNEY HOME WITH PERMITTED GUEST QUARTERS!. TOTAL COMBINED 4 BEROOM 3 BATH (1941 SQ FT) **Live in the main approx 1300 SF 3 bed 2 bath home and rent the approximately 600 Sq ft plus guest quarters with bath and kitchenette PLUS A 2 CAR GARAGE. This property checks all the boxes. Spacious Home on a large lot. This home is cute as a button on a CUL DE SAC. Enjoy a spacious kitchen, living area WITH fireplace and bonus Mother-in-law unit with separate entrance OR COULD BE USED AS A 4 BEDROOM 3 BATH. The Guest Quarters in back is ideal for family members, mother in law and guests. This home has been with the family for 40 plus years and the pride of ownership stands out. This is a must see, you will not be disappointed. Great opportunity to make this 1,941 square foot 3 bedroom 3 bathroom Downey home into your own!

Last Agent to Sell the Property

Anabella Jimenez

Century 21 Realty Masters License #01384351 Listed on: 08/14/2021

Century 21 Realty Masters

Last Buyer's Agent

Anabella Jimenez

Century 21 Realty Masters License #01384351 Listed on: 08/14/2021

Century 21 Realty Masters

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,479

Year Built

  • Built in 1953

Lot Details

  • 7,962 Sq Ft Lot
  • Cul-De-Sac

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,941 Sq Ft Home
  • Living Room with Fireplace
  • Bonus Room
  • Golf Course Views

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3304
  • Tax Tract Number 17580
  • Assessor Parcel Number 6249011020

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,479

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6249011020
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1941.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 450.80
  • Room Type: Bonus Room, Guest/Maid's Quarters, Walk-In Closet

Exterior Features

  • View: Golf Course
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Downey Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 7962.00
  • Lot Size Acres: 0.1828

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7962.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 3304
  • Tax Tract Number: 17580

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2021
Closed on
Sep 27, 2021
Sold by
Mccabe Shawn and Nelson Nancy A
Bought by
Covarrubias Orlando Negrete and Covarrubias Martha Jessica
Seller's Agent
Anabella Jimenez
Century 21 Realty Masters
Buyer's Agent
Anabella Jimenez
Century 21 Realty Masters
List Price
$880,000
Sold Price
$875,000
Premium/Discount to List
-$5,000
-0.57%
Current Estimated Value
$1,157,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,483
Avg. Annual Appreciation
7.60%
Original Mortgage
$612,500
Outstanding Balance
$559,754
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$597,729
Source: Public Records

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
Covarrubias Orlando Negrete $875,000 First National Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Covarrubias Orlando Negrete $612,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2021 10/25/21 Sold $875,000 -0.6% $451 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $880,000 -- $453 / 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
2025 $11,479 $928,555 $727,245 $201,310
2024 $11,479 $910,349 $712,986 $197,363
2023 $11,084 $892,500 $699,006 $193,494
2022 $10,522 $875,000 $685,300 $189,700
2021 $2,099 $145,053 $40,513 $104,540
2020 $2,069 $143,567 $40,098 $103,469
2019 $2,047 $140,753 $39,312 $101,441
2018 $1,893 $137,994 $38,542 $99,452
2016 $1,810 $132,638 $37,047 $95,591
2015 $1,784 $130,647 $36,491 $94,156
2014 $1,701 $128,089 $35,777 $92,312
Source: Public Records

Agents Affiliated with this Home

  • Anabella Jimenez

    Seller's Agent in 2021

    Anabella Jimenez

    Century 21 Realty Masters

    (323) 304-5760

    5 in this area

    200 Total Sales

    Section Image

  • J

    Buyer Co-Listing Agent in 2021

    Jose Manuel Trujillo

    Century 21 Allstars

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21170301

California Regional Multiple Listing Service (CRMLS)

APN: 6249-011-020

California Los Angeles County Downey 90241

7403 Cherokee Dr, Downey, CA

This home is located at 7403 Cherokee Dr, Downey, CA 90241 since 14 August 2021 and is currently estimated at $1,157,483, approximately $596 per square foot. This property was built in 1953. 7403 Cherokee Dr is a home located in Los Angeles County with nearby schools including Rio Hondo Elementary School, Griffiths Middle School, and Warren High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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