NOT LISTED FOR SALE

8318 Somerset Ranch Rd Unit B Paramount, CA 90723

Estimated Value: $553,000 - $589,000

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

Last Sold April 06, 2018

Last sale price $360,000 $333 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,710/month

7 Days on Market

Highlights

  • Primary Bedroom Suite
  • Two Primary Bathrooms
  • Wood Flooring
  • 1.85 Acre Lot
  • Atrium Room
  • Main Floor Bedroom

About This Home

As of April 2018

This beautiful open floor plan Condo is located in the lush green well-manicured grounds of the Downey Lakes Gated Community. Complete with a Waterfall and Gazebo with Barbeque pit and comfortable seating area, this complex is a dream! This 2 bedroom, 3 bathrooms Condo has hardwood floors, spacious living room with Mantel and gas burning Fireplace, kitchen with Atrium, inside laundry area and loads of storage and cabinet space. Each bedroom has own private bathroom. The Master bedroom has a dressing area. The condo needs some TLC, but truly a beautiful unit.

Last Agent to Sell the Property

Gale Ann Netherly

Scotton Group & Associates, Inc. License #01343438 Listed on: 01/29/2018

Last Buyer's Agent

Mona Flaum

Pinnacle Estate Properties, In

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,259

Year Built

  • Built in 1991

Lot Details

  • Brick Fence
  • Sprinkler System

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Auto Driveway Gate

Home Design

  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Brick Exterior Construction
  • Combination Foundation
  • Slab Foundation
  • Asphalt Roof
  • Wood Siding
  • Asphalt

Interior Spaces

  • 1,082 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Bay Window
  • Living Room with Fireplace
  • Living Room Balcony
  • Dining Area
  • Atrium Room
  • Courtyard Views
  • Security Lights

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Dressing Area
  • Two Primary Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Hot Water Circulator
  • Gas Water Heater
  • Central Water Heater
  • Sewer in Street
  • Phone System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 6266-015-074

Community Details

Overview

  • Association fees include building and grounds, sewer, trash
  • 100 Units
  • Association Phone (562) 920-7851

Amenities

  • Community Barbecue Grill
  • Community Mailbox

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,259

Year Built

Built in 1991

Lot Details

0

HOA Fees

$275 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Downey Lakes HOA
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 1082
  • Lot Acreage: 1.8500
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Fixer, Repair Cosmetic
  • Unit Floor In Building: 1
  • Year Built: 1991
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Remote Controls: 1
  • Fireplace Rooms: Gas, Gas and Wood, Living Room
  • Flooring: Ceramic Tile, Hardwood
  • Appliances: Cooktop - Gas, Gas/Electric Range, Microwave, Oven, Oven-Gas
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: 2 Master Bedrooms, Dressing Area, Main Floor Bedroom, Master Suite, WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Shower and Tub
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, In Kitchen, Living Room
  • Laundry: In Kitchen, Laundry Area
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Electric Dryer Hookup, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Phone System
  • Fireplace: Yes
  • Price Per S Q F T: 365.06
  • Windows: Bay Window

Exterior Features

  • Balcony: 2
  • Construction: Asphalt, Brick, Wood Siding
  • Tennis Court Y/N: No
  • Foundation Details: Combination, Slab
  • Fence: Brick
  • Patio: Living Room Balcony
  • Pool: No
  • Roof: Asphalt
  • View: Courtyard
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Attached, Auto Driveway Gate, Built-In Storage, Driveway Gate, Garage

Utilities

  • TV Svcs: Cable TV
  • Volt 220: 220V Throughout
  • Water Heater: Central Water Heater, Gas, Hot Water Circulator
  • Cooling: Central
  • Earth Quake Ins: 0
  • Heating: Central, Fireplace
  • Security: Automatic Gate, Exterior Security Lights, Fire and Smoke Detection System, Fire Sprinklers, Smoke Detector, T.V.
  • Sewer: In Street
  • Water: In Street, Meter on Property

Association/Amenities

  • Community Features: Community Mailbox
  • Amenities: Assoc Barbecue
  • Pet Rules: Assoc Pet Rules, Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Building and Grounds, Sewer, Trash
  • HOA Fees: 275.00
  • Phone: 562-920-7851
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 6266-015-074
  • Geocode Override: No
  • Lot Size Area: 80460

Rental Info

  • Land Lease Type: Full

Multi Family

  • Number Of Units: 100

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2023
Sold by
3 J T Properties Llc
Bought by
Allkbjjjt
Current Estimated Value
$567,494

Purchase Details

Closed on
Aug 28, 2019
Sold by
Tiffith Jamila C
Bought by
3 J T Properties Llc

Purchase Details

Listed on
Jan 29, 2018
Closed on
Feb 6, 2018
Sold by
Armstrong Beatrice
Bought by
Tiffith Jamilla C
Seller's Agent
Gale Ann Netherly
Scotton Group & Associates, Inc.
Buyer's Agent
Mona Flaum
Pinnacle Estate Properties, In
List Price
$395,000
Sold Price
$360,000
Premium/Discount to List
-$35,000
-8.86%

Purchase Details

Closed on
Jan 24, 2017
Sold by
Peoples Johnnie
Bought by
Armstrong Beatrice

Purchase Details

Closed on
Feb 18, 2000
Sold by
Yapjoco Wilfredo
Bought by
Cordova Ma Lourdes L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
8.34%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 22, 1999
Sold by
Cordova Ma Lourdes
Bought by
Peoples Johnnie and Armstrong Beatrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,812
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 1993
Sold by
Downey Avenue Partners
Bought by
Cordova Ma Lourdes L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
7.34%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Allkbjjjt -- None Listed On Document
3 J T Properties Llc -- None Available
Tiffith Jamilla C $360,000 Fidelity National Title Comp
Armstrong Beatrice -- None Available
Cordova Ma Lourdes L -- Continental Title
Peoples Johnnie $119,000 Continental Title
Cordova Ma Lourdes L $136,000 Continental Lawyer Title Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peoples Johnnie $66,117
Previous Owner Peoples Johnnie $237,887
Previous Owner Peoples Johnnie $211,039
Previous Owner Peoples Johnnie $184,420
Previous Owner Peoples Johnny $5,500
Previous Owner Peoples Johnnie $152,754
Previous Owner Peoples Johnnie $16,000
Previous Owner Peoples Johnnie $115,812
Previous Owner Cordova Ma Lourdes L $131,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2018 04/06/18 Sold $360,000 -8.9% $333 / Sq Ft
02/05/2018 02/05/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $395,000 -- $365 / 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 $5,259 $523,260 $242,760 $280,500
2024 $5,259 $397,784 $200,500 $197,284
2023 $5,161 $389,985 $196,569 $193,416
2022 $5,022 $382,339 $192,715 $189,624
2021 $4,906 $374,843 $188,937 $185,906
2020 $4,837 $374,543 $189,352 $185,191
2019 $5,078 $367,200 $185,640 $181,560
2018 $2,250 $160,728 $32,140 $128,588
2016 $2,020 $154,489 $30,893 $123,596
2015 $1,912 $152,169 $30,429 $121,740
2014 $1,956 $149,189 $29,833 $119,356
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Gale Ann Netherly

    Scotton Group & Associates, Inc.

    (213) 880-4090

    3 Total Sales

    Gale Ann Netherly
    Section Image

  • M

    Buyer's Agent in 2018

    Mona Flaum

    Pinnacle Estate Properties, In

See All Agents

Map

Source: The MLS

MLS Number: 18-307684

The MLS

APN: 6266-015-074

California Los Angeles County Paramount 90723

8318 Somerset Ranch Rd Unit B, Paramount, CA

This home is located at 8318 Somerset Ranch Rd Unit B, Paramount, CA 90723 since 29 January 2018 and is currently estimated at $567,494, approximately $524 per square foot. This property was built in 1991. 8318 Somerset Ranch Rd Unit B is a home located in Los Angeles County with nearby schools including Theodore Roosevelt, Paramount Park Middle School, and Paramount High School.

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