NOT LISTED FOR SALE

7973 De Palma St Downey, CA 90241

Estimated Value: $1,018,000 - $1,087,000

4 Beds
3 Baths
2,396 Sq Ft
$438/Sq Ft Est. Value

Last Sold January 09, 2015

Last sale price $480,000 $200 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $6,330/month

229 Days on Market

Highlights

  • Contemporary Architecture
  • Cathedral Ceiling
  • No HOA
  • Williams Elementary School Rated 9+
  • Attic
  • Breakfast Area or Nook

About This Home

As of January 2015

**HUD HOME IN DOWNEY 90241** Back on the Market! This is the property you have been waiting for at a price worth waiting for! Centrally located in one of Downey's most sought after zip codes, this expanded home is ready for the creative and handy homeowner or investor. Features downstairs include a spacious den with fireplace and open beam ceilings. A formal dining room, galley kitchen with breakfast nook and a large living room as well as a spacious bedroom adjacent to a full bath with shower over tub. Upstairs features three generous bedrooms including a large master suite with vaulted ceilings, walk-in closet a balcony and a full bath. This property is available to owner users and investors. Don't miss the best buy in Downey today!

Last Agent to Sell the Property

David Jervis

Century 21 Jervis & Associates License #00909394 Listed on: 11/13/2014

Century 21 Jervis & Associates

Last Buyer's Agent

Felix Kwan

NEW CENTURY REALTY & INV. License #00990100

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,327

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 6,738 Sq Ft Lot
  • Block Wall Fence
  • Rectangular Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Combination Foundation
  • Slab Foundation
  • Wood Product Walls
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,396 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Separate Family Room
  • Living Room
  • Dining Room
  • Den with Fireplace
  • Attic

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Range Hood
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 88
  • Tax Tract Number 15734
  • Assessor Parcel Number 6247012007

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,327

Year Built

Built in 1950 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Architectural Style: Contemporary
  • Property Condition: Additions/Alterations, Fixer, Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6247012007
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2396.00
  • Interior Amenities: Cathedral Ceiling(s), Ceramic Counters, Ceiling Fan(s), Copper Plumbing Partial, Tile Counters, Wood Product Walls
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Den, Gas Starter
  • Levels: Two
  • Price Per Square Foot: 200.33
  • Room Type: Attic, Family Room, Galley Kitchen, Living Room, Master Bedroom, Walk-In Closet, Separate Family Room

Exterior Features

  • Foundation: Slab, Combination
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Range Hood
  • Heating Type: Central
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6738.00
  • Lot Size Acres: 0.1550

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6738.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 88
  • Tax Tract Number: 15734

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2016
Sold by
Magana Socorro G
Bought by
Magana Socorro G and Gonzalez Felix
Current Estimated Value
$1,049,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Outstanding Balance
$328,499
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$662,963

Purchase Details

Listed on
Nov 13, 2014
Closed on
Dec 19, 2014
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Magana Socorro G and Gonzalez Felix
Seller's Agent
David Jervis
Century 21 Jervis & Associates
Buyer's Agent
Felix Kwan
NEW CENTURY REALTY & INV.
List Price
$498,000
Sold Price
$480,000
Premium/Discount to List
-$18,000
-3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.06%
Original Mortgage
$417,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2012
Sold by
Citimortgage Inc
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Nov 1, 2012
Sold by
Espindola Maricela and Espindola Victoria George
Bought by
Citimortgage Inc

Purchase Details

Closed on
Sep 5, 2008
Sold by
Us Bank Na
Bought by
Espindola Maricela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,617
Interest Rate
5.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 2008
Sold by
Rodriguez Fernando
Bought by
Us Bank Na and The Structured Asset Investment Loan Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,617
Interest Rate
5.9%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 2006
Sold by
Park Dae Won
Bought by
Rodriguez Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2003
Sold by
Park Hye Ryun
Bought by
Park Dae Won

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.06%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Magana Socorro G -- None Available
Magana Socorro G $480,000 Chicago Title Company
The Secretary Of Housing & Urban Develop -- First American Title Ins Co
Citimortgage Inc $584,719 Accommodation
Espindola Maricela $490,000 First American Title Ins Co
Us Bank Na $501,500 None Available
Rodriguez Fernando $725,000 Southland Title
Park Dae Won -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magana Socorro G $407,000
Closed Magana Socorro G $417,000
Previous Owner Espindola Maricela $483,617
Previous Owner Rodriguez Fernando $580,000
Previous Owner Park Dae Won $30,000
Previous Owner Park Dae Won $275,000
Previous Owner Park Dae Won $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2015 01/09/15 Sold $480,000 -3.6% $200 / Sq Ft
11/18/2014 11/18/14 Pending -- -- --
11/13/2014 11/13/14 For Sale $498,000 0.0% $208 / Sq Ft
11/05/2014 11/05/14 Pending -- -- --
11/04/2014 11/04/14 For Sale $498,000 0.0% $208 / Sq Ft
09/05/2014 09/05/14 Pending -- -- --
09/04/2014 09/04/14 For Sale $498,000 0.0% $208 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
08/20/2014 08/20/14 For Sale $498,000 0.0% $208 / Sq Ft
08/13/2014 08/13/14 Pending -- -- --
08/12/2014 08/12/14 Price Changed $498,000 0.0% $208 / Sq Ft
08/12/2014 08/12/14 For Sale $498,000 -2.0% $208 / Sq Ft
08/04/2014 08/04/14 Price Changed $508,250 0.0% $212 / Sq Ft
05/06/2014 05/06/14 Pending -- -- --
05/02/2014 05/02/14 For Sale $508,250 0.0% $212 / Sq Ft
04/24/2014 04/24/14 Pending -- -- --
04/22/2014 04/22/14 For Sale $508,250 0.0% $212 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
04/11/2014 04/11/14 Price Changed $508,250 0.0% $212 / Sq Ft
04/11/2014 04/11/14 For Sale $508,250 -5.0% $212 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
04/03/2014 04/03/14 For Sale $535,000 -- $223 / 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 $7,327 $576,878 $363,193 $213,685
2024 $7,327 $565,568 $356,072 $209,496
2023 $7,080 $554,480 $349,091 $205,389
2022 $6,727 $543,609 $342,247 $201,362
2021 $6,577 $532,951 $335,537 $197,414
2019 $6,409 $517,145 $325,586 $191,559
2018 $6,232 $507,005 $319,202 $187,803
2016 $6,037 $487,319 $306,808 $180,511
2015 $6,183 $499,789 $275,394 $224,395
2014 $6,442 $544,460 $301,362 $243,098
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14068133

California Regional Multiple Listing Service (CRMLS)

APN: 6247-012-007