NOT LISTED FOR SALE

8302 Somerset Ranch Rd Unit B Paramount, CA 90723

Estimated Value: $503,000 - $557,000

2 Beds
3 Baths
1,082 Sq Ft
1.85 Acres Lot

Sale Details

Date Sold: February 25, 2025

Last sale price $534,000 $494 Per Sq Ft

Current estimated payment $3,618 / mo

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 Listed on: 11/05/2024

Last Buyer's Agent

Maggie Navarro

Rise Realty License #01458590

Rise Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1991

Lot Details

  • 1.85

HOA Fees

  • $282 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 2nd floor

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 with Restrictions

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Year Built

Built in 1991

Lot Details

1.85 Acres

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
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full 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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2024
Closed on
Feb 21, 2025
Sold by
Bought by
Seller's Agent
Ian Michael Thompson
Real Broker
Buyer's Agent
Maggie Navarro
Rise Realty
List Price
$574,900
Sold Price
$534,000
Premium/Discount to List
-$40,900
-7.11%
Views
313
Current Estimated Value
$535,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,550
Avg. Annual Appreciation
0.22%
Original Mortgage
$524,327
Outstanding Balance
$516,586
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
$18,964

Purchase Details

Closed on
Jul 11, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 2009
Sold by
Bought by

Purchase Details

Closed on
Mar 19, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $524,327
Previous Owner $340,000
Previous Owner $342,000
Previous Owner $66,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,387 $401,582 $203,022 $198,560
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

Agents Affiliated with this Home

  • Ian Michael Thompson

    Seller's Agent in 2025

    Ian Michael Thompson

    Real Broker

    (714) 723-1545

    2 in this area

    86 Total Sales

    Ian Michael Thompson
    Section Image

  • M

    Buyer's Agent in 2025

    Maggie Navarro

    Rise Realty

    (310) 279-2623

    1 in this area

    6 Total Sales

    Maggie Navarro
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24228576

California Regional Multiple Listing Service (CRMLS)

APN: 6266-015-049

California Los Angeles County Paramount 90723

8302 Somerset Ranch Rd Unit B, Paramount, CA

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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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