$859,000
SOLD DEC 27, 2024

8020 Olive Ln Downey, CA 90241

4 Beds
3.5 Baths
2,322 Sq Ft
$196/mo HOA Fee

Recently Sold

$370 Per Sq Ft

1% Below List Price

23 Days on Market

Highlights

  • No Units Above
  • Property is near public transit
  • High Ceiling
  • Contemporary Architecture
  • Main Floor Bedroom
  • Quartz Countertops

About This Home

As of December 2024

Beautiful townhouse in a quiet, BEST INTERIOR LOCATION at the Centerpointe. 4 spacious bedroom, 3.5 bathroom split level with 2 car attached garage. The first floor features with a master suite, full private bathroom, and walk-in closet. The second floor boast a bright and open floor plan with high ceilings, updated airy kitchen, a convenient island for cooking and dining, a walk-in pantry, with stainless appliances. Also a well-appointed half bathroom caters to guests. The third floor includes another Master bedroom with a large master bathroom featuring double vanity, walk-in shower and spacious walk-in closet. Two additional bedrooms, another full bathroom and the laundry room are on this floor. Recess lights throughout the house. Commuter’s dream location near the freeways, close to shopping, restaurants, and Downtown Downey. Low association dues ($196.00) include fire insurance/all outside maintenance. A MUST SEE!!!

Last Agent to Sell the Property

Chong Kim

Sunny Hills Real Estate, Inc. Brokerage Phone: 562-774-7752 License #01044949 Listed on: 11/06/2024

Last Buyer's Agent

Chong Kim

Sunny Hills Real Estate, Inc. Brokerage Phone: 562-774-7752 License #01044949 Listed on: 11/06/2024

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2017

Lot Details

  • 1,069 Sq Ft Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall

HOA Fees

  • $196 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,322 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Recessed Lighting
  • Family Room Off Kitchen
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Gas Range
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet

Home Security

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 51
  • Tax Tract Number 73340
  • Assessor Parcel Number 6251043024
  • $424 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 116 Units
  • Centerpointe Association, Phone Number (714) 285-2626
  • The Management Trust HOA
  • Maintained Community

Amenities

  • Community Barbecue Grill

Recreation

  • Dog Park

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Year Built

Built in 2017

Lot Details

0

HOA Fees

$196 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
  • View: Yes
  • Zoning: DOCP*
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 6251043024
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2322.00 Square Feet
  • Interior Amenities: High Ceilings, Pantry, Recessed Lighting
  • Stories: 3
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar
  • Entry Level: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 369.94
  • Room Type: Family Room, Main Floor Bedroom, Walk-In Closet, Walk-In Pantry
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Quartz Counters, Walk-In Pantry

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Range Hood, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Dog Park, Insurance, Maintenance Grounds
  • Association Fee: 196.00
  • Association Fee Frequency: Monthly
  • Association Name: Centerpointe
  • Phone: 714-285-2626
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: The Management Trust

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 1069.00
  • Lot Size Acres: 0.0245

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1069.0000 Square Feet
  • Number Of Units In Community: 116
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5509.01
  • Tax Lot: 51
  • Tax Tract Number: 73340
  • TaxOtherAnnualAssessmentAmount: 424.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2017
Sold by
Kb Home Greater Los Angeles Inc
Bought by
Ho Phu and Lin Jou Tsen
Current Estimated Value
$895,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,800
Outstanding Balance
$411,737
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$483,958
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 Type Sale Price Title Company
Grant Deed -- Fntg Builder Services
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $492,800 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $859,000 -1.2% $370 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
11/06/2024 11/06/24 For Sale $869,000 -- $374 / 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 $8,655 $859,000 $600,000 $259,000
2024 $8,655 $687,156 $240,950 $446,206
2023 $8,357 $673,683 $236,226 $437,457
2022 $7,931 $660,475 $231,595 $428,880
2021 $7,760 $647,525 $227,054 $420,471
2019 $7,549 $628,320 $220,320 $408,000
2018 $7,273 $616,000 $216,000 $400,000
2017 $1,543 $116,892 $116,892 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24225994

California Regional Multiple Listing Service (CRMLS)

APN: 6251-043-024