NOT LISTED FOR SALE

8316 Somerset Ranch Rd Unit D Paramount, CA 90723

Estimated Value: $562,982 - $610,000

2 Beds
2.5 Baths
1,082 Sq Ft
$275/mo HOA Fee

Last Sold May 06, 2022

Last sale price $527,000 $487 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,884/month

12 Days on Market

Highlights

  • In Ground Spa
  • Living Room with Fireplace
  • Attached Garage
  • 1.85 Acre Lot
  • Traditional Architecture
  • Laundry Room

About This Home

As of May 2022

Here is your chance to own property in a highly desirable complex. This Quiet Complex is nestled close to transportation, restaurant, and shopping near the Promenade at Downey. This 2 bedroom 3 bath unit is a tri-level waiting for your personal touches. All bedrooms are upstairs with a living area and kitchen on the main floor. Equipped with an attached two-car garage, and laundry area. This is a rare sale in the complex. This one will not last.

Last Agent to Sell the Property

Minnie Versher

Minnie Versher License #01273661 Listed on: 03/25/2022

Last Buyer's Agent

Cecilia Hernandez

License #01874239

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1991

Lot Details

  • 1.85

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,082 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room
  • Alarm System

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • Attached Garage
  • Automatic Gate

Additional Features

  • In Ground Spa
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 6266-015-072

Community Details

Overview

  • 52 Units

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1991

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Traditional
  • Street Number Display: Yes
  • Complex Name: somerset
  • Entry Floor: 1
  • Living Area: 1082
  • Lot Acreage: 1.8471
  • Planned Urban Dev: 0
  • Year Built: 1991
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Tile, Laminate, Carpet
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Garbage Disposal, Gas Dryer Hookup, Ceiling Fan, Dishwasher
  • Price Per S Q F T: 454.71

Exterior Features

  • Pool: No
  • Spa: In Ground
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage Is Attached

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate

Association/Amenities

  • Amenities: Spa
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 275.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 6266-015-072
  • Lot Size Area: 80460

Multi Family

  • Number Of Units: 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
Apr 9, 2022
Sold by
Elaine Val Marie Coffey Living Trust
Bought by
Cordova Christian
Seller's Agent
Minnie Versher
Minnie Versher
Buyer's Agent
Cecilia Hernandez
List Price
$492,000
Sold Price
$527,000
Premium/Discount to List
$35,000
7.11%
Current Estimated Value
$577,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,996
Avg. Annual Appreciation
2.55%
Original Mortgage
$500,650
Outstanding Balance
$470,326
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$107,670
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

Date Buyer Sale Price Title Company
Cordova Christian $527,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cordova Christian $500,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2022 05/06/22 Sold $527,000 +7.1% $487 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $492,000 -- $455 / Sq Ft
Source: The MLS

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 $7,080 $559,255 $318,362 $240,893
2024 $7,080 $548,290 $312,120 $236,170
2023 $6,948 $537,540 $306,000 $231,540
2022 $3,207 $238,256 $99,131 $139,125
2021 $3,131 $233,586 $97,188 $136,398
2020 $3,062 $231,192 $96,192 $135,000
2019 $3,202 $226,659 $94,306 $132,353
2018 $2,998 $222,215 $92,457 $129,758
2016 $2,690 $213,588 $88,868 $124,720
2015 $2,539 $210,381 $87,534 $122,847
2014 $2,600 $206,261 $85,820 $120,441
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Minnie Versher

    Minnie Versher

    (310) 922-3774

    1 in this area

    17 Total Sales

    Minnie Versher
    Section Image

  • C

    Buyer's Agent in 2022

    Cecilia Hernandez

See All Agents

Map

Source: The MLS

MLS Number: 22-139931

The MLS

APN: 6266-015-072

California Los Angeles County Paramount 90723

8316 Somerset Ranch Rd Unit D, Paramount, CA

Not Listed for Sale

Condos

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