$534,000
SOLD FEB 25, 2025

8302 Somerset Ranch Rd Unit B Paramount, CA 90723

2 Beds
3 Baths
1,082 Sq Ft
$282/mo HOA Fee

Recently Sold

$494 Per Sq Ft

7% Below List Price

80 Days on Market

Highlights

  • Heated Spa
  • 1.85 Acre Lot
  • 2 Car Attached Garage
  • City Lights View
  • Outdoor Cooking Area
  • Living Room

About This Home

As of February 2025

**Stunning Upgraded Condo with Modern Features and Prime Location**

Welcome to this beautifully upgraded condo, offering the perfect blend of comfort, style, and convenience. Step inside and be greeted by a spacious, open floor plan that maximizes both functionality and flow. The bright and airy living area boasts sleek hardwood flooring throughout, providing a warm and inviting atmosphere. The kitchen is a cook's dream, featuring upgraded appliances, ample cabinetry, and a convenient layout perfect for meal prep and entertaining. Enjoy cozy nights in front of the living room's charming fireplace, creating a perfect ambiance for relaxing or hosting guests. This home also includes the added convenience of an inside laundry area, making chores a breeze, as well as an attached two-car garage for extra storage and parking. Located in a prime area, you'll have quick access to nearby freeways, shopping centers, and a movie theater, providing a perfect balance of tranquility and accessibility. Don’t miss the opportunity to own this move-in ready, upgraded condo that truly has it all. Schedule a tour today!

Last Agent to Sell the Property

Ian Michael Thompson

Real Broker Brokerage Phone: 714-723-1545 License #01961267

Last Buyer's Agent

Maggie Navarro

Rise Realty License #01458590

Rise Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,210

Year Built

  • Built in 1991

HOA Fees

  • $282 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,082 Sq Ft Home
  • 3-Story Property
  • Family Room with Fireplace
  • Living Room
  • City Lights Views
  • Laundry Room

Kitchen

  • Six Burner Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • All Upper Level Bedrooms
  • 3 Full Bathrooms

Pool

  • Heated Spa
  • In Ground Spa

Utilities

  • Central Heating and Cooling System
  • Water Heater

Additional Features

  • Exterior Lighting
  • Two or More Common Walls

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50413
  • Assessor Parcel Number 6266015049
  • $440 per year additional tax assessments

Community Details

Overview

  • 52 Units
  • Pcm Management Association, Phone Number (800) 369-7260
  • Downey Lakes Community HOA

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,210

Year Built

Built in 1991

Lot Details

0

HOA Fees

$282 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: PARM*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 6266015049
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1082.00 Square Feet
  • Stories: 3
  • Entry Location: front door/garage
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 2
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 493.53
  • Room Type: All Bedrooms Up, Living Room, Primary Bathroom, Primary Bedroom
  • Spa Features: Association, Heated, In Ground

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Microwave, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Pet Rules, Pets Permitted, Call for Rules, Management
  • Association Fee: 282.00
  • Association Fee Frequency: Monthly
  • Association Name: PCM Management
  • Phone: 800-369-7260
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: Downey Lakes Community

Schools

  • School District: Paramount Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 80481.00
  • Lot Size Acres: 1.8476

Multi Family

  • Lease Considered: No
  • Lot Size Area: 80481.0000 Square Feet
  • Number Of Units In Community: 52
  • Number Of Units Total: 52

Tax Info

  • Tax Census Tract: 5535.03
  • Tax Lot: 1
  • Tax Tract Number: 50413
  • TaxOtherAnnualAssessmentAmount: 440.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold $534,000 +1.9% $494 / Sq Ft
01/14/2025 01/14/25 Price Changed $524,000 -4.7% $484 / Sq Ft
12/20/2024 12/20/24 Price Changed $549,900 -1.8% $508 / Sq Ft
11/21/2024 11/21/24 Price Changed $559,900 -2.6% $517 / Sq Ft
11/05/2024 11/05/24 For Sale $574,900 0.0% $531 / Sq Ft
08/26/2022 08/26/22 Rented $2,895 -1.9% --
08/04/2022 08/04/22 Price Changed $2,950 +3.5% $3 / Sq Ft
08/02/2022 08/02/22 For Rent $2,850 -- --
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
2024 $5,210 $393,709 $199,042 $194,667
2023 $5,113 $385,990 $195,140 $190,850
2022 $4,975 $378,422 $191,314 $187,108
2021 $4,861 $371,003 $187,563 $183,440
2020 $4,750 $367,200 $185,640 $181,560
2019 $4,986 $360,000 $182,000 $178,000
2018 $2,314 $158,983 $46,387 $112,596
2016 $2,081 $152,812 $44,587 $108,225
2015 $1,969 $150,518 $43,918 $106,600
2014 $2,017 $147,570 $43,058 $104,512
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $524,327 FHA
Previous Owner $50,000 Credit Line Revolving
Previous Owner $335,000 New Conventional
Previous Owner $340,000 New Conventional
Previous Owner $342,000 New Conventional
Previous Owner $66,000 Purchase Money Mortgage
Previous Owner $60,100 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $534,000 Pacific Coast Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Grant Deed $360,000 Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer $82,500 Investors Title Company
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24228576

California Regional Multiple Listing Service (CRMLS)

APN: 6266-015-049