NOT LISTED FOR SALE

8302 Somerset Ranch Rd Unit D Paramount, CA 90723

Paramount Area

Estimated Value: $526,000 - $604,000

2 Beds
2.5 Baths
1,082 Sq Ft
1.85 Acre Lot

Sale Details

Date Sold: June 3, 2024

Last sale price $555,000 $513 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,942 / mo

141 Days on Market

Highlights

  • Heated Spa
  • Custom Home
  • City Lights View
  • Auto Driveway Gate
  • Gated Community
  • 1.85 Acre Lot

About This Home

As of June 2024

Beautiful- proud of ownership, move in ready condominium; in the desirable area of Downey Lakes Gated Community!!
This condominium has it all!! A specious, bright open floor plan with recess lights. Central heat and air, a fireplace for those cozy winter days,
convenient inside laundry room with plenty of storage and shelves. A cozy balcony in the master bedroom. An attached two car garage. For those hot summer days, enjoy the bbq area and jacuzzi! 5 minutes to the 105 and 605 freeways. Close to Downey landing shopping center, restaurants, and movie theaters!

*Complex is FHA approved!

Last Agent to Sell the Property

Manuel Davila

MERIT REALTY GROUP Brokerage Phone: 213-675-3976 License #01022995 Listed on: 12/18/2023

Last Buyer's Agent

Rene Luna

VIP RE Firm License #01816981

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1991

Lot Details

  • Two or More Common Walls
  • Security Fence
  • Wrought Iron Fence
  • Electric Fence
  • Fence is in good condition
  • Landscaped
  • Garden

HOA Fees

  • $282 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Auto Driveway Gate
  • Assigned Parking

Home Design

  • Custom Home
  • Entry on the 2nd floor
  • Turnkey
  • Fire Rated Drywall
  • Tile Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,082 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Dual Staircase
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Bay Window
  • Window Screens
  • Sliding Doors
  • Formal Entry
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Storage
  • City Lights Views
  • Attic

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • ENERGY STAR Qualified Appliances
  • Tile Countertops
  • Pots and Pans Drawers

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • All Upper Level Bedrooms
  • Mirrored Closets Doors
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Linen Closet In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Pool

  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50413
  • Assessor Parcel Number 6266015051
  • $430 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
  • Park
  • Water Sports
  • Bike Trail

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Resident Manager or Management On Site
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

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
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Privately Maintained
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Resident Manager, Smoke Detector(s)
  • Zoning: PARM*
  • Architectural Style: Custom Built
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 6266015051
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1082.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Ceiling Fan(s), Furnished, Open Floorplan, Recessed Lighting, Storage, Tile Counters
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Wood
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Area, Dining Room, In Kitchen
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 512.94
  • Room Type: All Bedrooms Up, Attic, Entry, Formal Entry, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
  • Spa Features: Association, Heated, In Ground
  • Window Features: Bay Window(s), Blinds, Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Primary Bath, Linen Closet/Storage, Vanity Area
  • Room Kitchen Features: Pots & Pan Drawers, Tile Counters

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: City Lights
  • Fence: Yes
  • Fencing: Electric, Good Condition, Security, Wrought Iron
  • Patio And Porch Features: Concrete, Front Porch
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Auto Driveway Gate, Garage Faces Front, Garage - Single Door, Garage Door Opener, Gated
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Convection Oven, ENERGY STAR Qualified Appliances, Gas Water Heater, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside, Washer Hookup
  • 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: 800369-7260
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Gutters, Park, Watersports, Sidewalks, Street Lights
  • Association Management: Downey Lakes Community

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Landscaped, Paved
  • Lot Size Sq Ft: 80481.00
  • Lot Size Acres: 1.8476
  • Latitude Manual: 33.91185200

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: 430.00

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
Dec 18, 2023
Closed on
May 9, 2024
Sold by
Bought by
Seller's Agent
Manuel Davila
MERIT REALTY GROUP
Buyer's Agent
Rene Luna
VIP RE Firm
List Price
$550,000
Sold Price
$555,000
Premium/Discount to List
$5,000
0.91%
Views
286
Current Estimated Value
$560,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,736
Avg. Annual Appreciation
0.49%
Original Mortgage
$544,947
Interest Rate
0.0625%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 21, 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
$386,863
Interest Rate
0.0337%
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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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
$555,000 California Best Title Company
$394,000 Lawyers Title
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 $544,947
Previous Owner $28,002
Previous Owner $386,863
Previous Owner $134,000
Previous Owner $133,507
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
06/03/2024 06/03/24 Sold $555,000 +0.9% $513 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
04/12/2024 04/12/24 Price Changed $550,000 0.0% $508 / Sq Ft
04/12/2024 04/12/24 For Sale $550,000 -0.9% $508 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
02/29/2024 02/29/24 Off Market $555,000 -- --
02/26/2024 02/26/24 For Sale $529,888 -4.5% $490 / Sq Ft
01/26/2024 01/26/24 Off Market $555,000 -- --
01/04/2024 01/04/24 Price Changed $529,888 0.0% $490 / Sq Ft
01/04/2024 01/04/24 For Sale $529,888 -4.5% $490 / Sq Ft
12/20/2023 12/20/23 Off Market $555,000 -- --
12/18/2023 12/18/23 For Sale $520,888 -- $481 / Sq Ft
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 $7,372 $566,100 $329,664 $236,436
2024 $5,557 $422,441 $226,231 $196,210
2023 $5,454 $414,159 $221,796 $192,363
2022 $5,306 $406,040 $217,448 $188,592
2021 $5,185 $398,080 $213,185 $184,895
2020 $2,877 $215,563 $94,464 $121,099
2019 $3,007 $211,337 $92,612 $118,725
2018 $2,815 $207,195 $90,797 $116,398
2016 $2,526 $199,151 $87,272 $111,879
2015 $2,386 $196,161 $85,962 $110,199
2014 $2,443 $192,320 $84,279 $108,041
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Manuel Davila

    MERIT REALTY GROUP

    (562) 755-1289

    38 Total Sales

    Manuel Davila
    Section Image

  • R

    Buyer's Agent in 2024

    Rene Luna

    VIP RE Firm

    (562) 231-3333

    19 Total Sales

    Rene Luna
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB23218361

California Regional Multiple Listing Service (CRMLS)

APN: 6266-015-051

California Los Angeles County Paramount 90723

8302 Somerset Ranch Rd Unit D, Paramount, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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