NOT LISTED FOR SALE

8317 Somerset Blvd Paramount, CA 90723

Estimated Value: $783,589 - $961,000

4 Beds
3 Baths
1,690 Sq Ft
$493/Sq Ft Est. Value

Last Sold April 27, 2017

Last sale price $480,000 $284 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $5,041/month

35 Days on Market

About This Home

As of April 2017

Wow! In front, a 2-Bedroom House plus 2 One-Bedrooms Units in the Back, (a Duplex). Live in One and Rent Out the Other Two! Or, rent out all three as a GREAT Long-Term Money Making Investment! HUGE 9,251 Square Foot Lot with 60 Square Feet of Frontage!! Two Separate Driveways located on each side of the property for greater ease of and independant accessibility to units. Two separate private fenced yards between Single Family Home in Front and Seperate 2-Unit Duplex in back. Private Back Yard with Duplex has a HUGE Covered Patio with concret slab and Huge Roof that can fit large table and chair, and it offers plenty of shade on those hot days or coverage during those rainy days. 2-CAR GARAGE plus CAR PORT. Next to this property is the construction of EIGHT BRAND NEW SINGLE Family HOMES. Property is located about one block away from Lincoln Elementary School and from Paramount School Administrative Office. Walking distance to high school. Property DOES NEED WORK, but property sold in it's COMPLETE AS-IS Condition. Attached images have been "Photoshoped" for "spruced up" appearance. Don't Wait! Contact Us Now for detailed info, and Submit Your Offer Now!

Last Agent to Sell the Property

Lydia Aguayo

United Associated Brokers- Ace Realty License #00907130 Listed on: 01/17/2017

United Associated Brokers- Ace Realty

Last Buyer's Agent

Lydia Aguayo

United Associated Brokers- Ace Realty License #00907130 Listed on: 01/17/2017

United Associated Brokers- Ace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,661

Year Built

  • Built in 1957

Lot Details

  • 9,251 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Open Parking Spaces
  • 3 Car Garage
  • 2 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 1,690 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 11799
  • Assessor Parcel Number 6241008034

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,661

Year Built

Built in 1957

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: PACM*
  • Property Type: Residential Income
  • Parcel Number: 6241008034
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 284.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 3.00
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 6.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9251.00

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5535.02
  • Tax Lot: 48
  • Tax Tract Number: 11799

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2020
Sold by
Bravo Jose and Gutierrez Gloria
Bought by
Bravo Jose and Martinez Gloria Gutierrez
Current Estimated Value
$833,647

Purchase Details

Listed on
Jan 17, 2017
Closed on
Mar 16, 2017
Sold by
Lynch Bob D and Lynch Betty J
Bought by
Bravo Jose B and Gutierrez Gloria
Seller's Agent
Lydia Aguayo
United Associated Brokers- Ace Realty
Buyer's Agent
Lydia Aguayo
United Associated Brokers- Ace Realty
List Price
$450,000
Sold Price
$480,000
Premium/Discount to List
$30,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%
Original Mortgage
$360,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Bravo Jose -- None Available
Bravo Jose B $480,000 Pacific Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bravo Jose B $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2017 04/27/17 Sold $480,000 0.0% $284 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
02/21/2017 02/21/17 Off Market $480,000 -- --
02/21/2017 02/21/17 For Sale $450,000 -6.3% $266 / Sq Ft
01/19/2017 01/19/17 Off Market $480,000 -- --
01/17/2017 01/17/17 For Sale $450,000 -- $266 / 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 $7,661 $557,074 $417,807 $139,267
2024 $7,661 $546,152 $409,615 $136,537
2023 $7,524 $535,444 $401,584 $133,860
2022 $7,331 $524,946 $393,710 $131,236
2021 $7,168 $514,654 $385,991 $128,663
2020 $7,016 $509,378 $382,034 $127,344
2019 $7,340 $499,392 $374,544 $124,848
2018 $6,758 $489,600 $367,200 $122,400
2016 $1,362 $60,632 $31,038 $29,594
2015 $1,382 $59,722 $30,572 $29,150
2014 $1,343 $58,553 $29,974 $28,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17010626

California Regional Multiple Listing Service (CRMLS)

APN: 6241-008-034