NOT LISTED FOR SALE

8029 Olive Ln Downey, CA 90241

Estimated Value: $810,000 - $872,000

4 Beds
4 Baths
1,896 Sq Ft
$448/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $750,000 $396 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,433/month

61 Days on Market

Highlights

  • Primary Bedroom Suite
  • Recreation Room
  • Quartz Countertops
  • Open Floorplan
  • Modern Architecture
  • Courtyard Views

About This Home

As of June 2022

BACK ON MARKET! Located in one of the most sought-after new complexes in Downey, this spacious 1,896 SF Centerpointe townhome features a 4 bedroom + 4 bathroom multi-level configuration located just a few minutes away from all major shops, restaurants, and retailers (Walmart, Target, Porto's, Downtown Downey). Built in 2017, the open living area and kitchen is a perfect entertainment room complemented by contemporary fixtures, upgraded finishes, subtle LED lighting, and ample storage. Common area amenities include well-maintained landscaping, dog park, and BBQ area for residents. Low HOA fee and guest parking available. Secure and private, this is a unique opportunity for owners looking for modern living in a rapidly gentrifying market.

Last Agent to Sell the Property

Edward Weng

eXp Realty of California Inc License #02007124 Listed on: 03/19/2022

eXp Realty of California Inc

Last Buyer's Agent

Edward Weng

eXp Realty of California Inc License #02007124 Listed on: 03/19/2022

eXp Realty of California Inc

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2017

Lot Details

  • 916 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $176 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Modern Architecture

Interior Spaces

  • 1,896 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Living Room
  • Family or Dining Combination
  • Home Office
  • Recreation Room
  • Bonus Room
  • Storage
  • Vinyl Flooring
  • Courtyard Views

Kitchen

  • Walk-In Pantry
  • Gas Oven
  • Gas Range
  • Kitchen Island
  • Quartz Countertops
  • Pots and Pans Drawers

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • 4 Full Bathrooms
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Schools

  • Rio Hondo Elementary School
  • Griffiths Middle School
  • Warren High School

Additional Features

  • ENERGY STAR Qualified Equipment
  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 45
  • Tax Tract Number 73340
  • Assessor Parcel Number 6251043018
  • $343 per year additional tax assessments

Community Details

Overview

  • 116 Units
  • Centerpointe Homeowners Association, Phone Number (714) 258-2626
  • The Management Trust HOA

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Community Playground
  • Park
  • Dog Park

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 2017

Lot Details

0

HOA Fees

$176 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Security: Fire and Smoke Detection System
  • View: Yes
  • Zoning: DOCP*
  • Architectural Style: Modern
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 6251043018
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1896.00 Square Feet
  • Interior Amenities: Open Floorplan, Pantry, Recessed Lighting, Storage
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Eating Area: In Family Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 395.57
  • Room Type: Bonus Room, Family Room, Kitchen, Living Room, Master Bathroom, Master Bedroom, Master Suite, Office, Recreation
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Exhaust Fan(s), Quartz Counters
  • Room Kitchen Features: Kitchen Island, Pots & Pan Drawers, Quartz Counters, Walk-In Pantry

Exterior Features

  • View: Courtyard
  • Pool Private: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Dog Park
  • Association Fee: 176.00
  • Association Fee Frequency: Monthly
  • Association Name: Centerpointe Homeowners Association
  • Phone: 714-258-2626
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Dog Park, Park, Sidewalks, Street Lights
  • Association Management: The Management Trust

Schools

  • Elementary School: Rio Hondo
  • High School: Warren
  • Middle Or Junior School: Griffiths
  • Elementary School #2: RIOHON
  • High School2: WARREN

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 916.00
  • Lot Size Acres: 0.0210

Multi Family

  • Lease Considered: No
  • Lot Size Area: 916.0000 Square Feet
  • Number Of Units In Community: 116
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5509.01
  • Tax Lot: 45
  • Tax Tract Number: 73340
  • TaxOtherAnnualAssessmentAmount: 343.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2022
Closed on
Jun 3, 2022
Sold by
Phuong Tran Brittany
Bought by
Memon Ashraf Khalid
Seller's Agent
Edward Weng
eXp Realty of California Inc
Buyer's Agent
Edward Weng
eXp Realty of California Inc
List Price
$699,000
Sold Price
$750,000
Premium/Discount to List
$51,000
7.3%
Current Estimated Value
$850,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,009
Avg. Annual Appreciation
3.53%

Purchase Details

Closed on
Oct 27, 2017
Sold by
Kb Home Greater Los Angeles Inc
Bought by
Tran Brittany Phuong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,417
Interest Rate
3.75%
Mortgage Type
FHA
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
Tran Brittany Phuong $567,000 Fntg Builder Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Brittany Phuong $556,417
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2022 06/06/22 Sold $750,000 +7.3% $396 / Sq Ft
05/25/2022 05/25/22 Price Changed $699,000 0.0% $369 / Sq Ft
05/25/2022 05/25/22 For Sale $699,000 0.0% $369 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $699,000 -6.8% $369 / Sq Ft
03/28/2022 03/28/22 Off Market $750,000 -- --
03/28/2022 03/28/22 For Sale $699,000 -6.8% $369 / Sq Ft
03/19/2022 03/19/22 Off Market $750,000 -- --
03/19/2022 03/19/22 For Sale $699,000 -- $369 / 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 $9,738 $795,904 $349,242 $446,662
2024 $9,738 $780,299 $342,395 $437,904
2023 $9,400 $765,000 $335,682 $429,318
2022 $7,301 $607,936 $289,494 $318,442
2021 $7,144 $596,017 $283,818 $312,199
2019 $6,948 $578,340 $275,400 $302,940
2018 $6,710 $567,000 $270,000 $297,000
2017 $1,351 $100,164 $100,164 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22026881

California Regional Multiple Listing Service (CRMLS)

APN: 6251-043-018