NOT LISTED FOR SALE

8330 Somerset Ranch Rd Unit C Paramount, CA 90723

Paramount Area

Estimated Value: $523,000 - $584,000

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

Sale Details

Date Sold: July 22, 2022

Last sale price $490,000 $453 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,869 / mo

8 Days on Market

Highlights

  • Spa
  • Gated Community
  • Open Floorplan
  • Primary Bedroom Suite
  • 1.85 Acre Lot
  • Contemporary Architecture

About This Home

As of July 2022

Amazing opportunity to purchase a multilevel Condo in the city of Paramount - 1 block away from Downey. Here you'll be centrally located, close to 5 major transportation arteries - the 5, 91, 105, 605, and the 710 freeways. You'll be within walking distance of the Columbia Memorial Space Center in Downey, Kaiser Permanente, fine dining, and entertainment. A quick drive to LAX, Downtown Los Angeles, Crypto.com Arena, and SoFi Stadium. This simple but tasteful 2 bedroom and 2.5 bath condo is the perfect home for a first-time home-buyer. This condo offers the privacy you'll need to raise your family with a gated community, attached 2-car garage, and open space floor plan on the second floor - kitchen, dining room, living room, and a half-bath. the 3rd floor offers a master suite and a second bedroom. This home is priced to sell fast, it does need a little TLC, but bring your paint and brush and make this your perfect home.

Last Agent to Sell the Property

Tony Lopez

Coldwell Banker Envision License #01752038 Listed on: 06/15/2022

Coldwell Banker Envision

Last Buyer's Agent

Bryiana Davis

Home Smart Realty Group License #01997245

Home Smart Realty Group

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1991

Lot Details

  • Two or More Common Walls
  • Electric Fence
  • Fence is in excellent condition

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Automatic Gate
  • Guest Parking

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Cosmetic Repairs Needed
  • Spanish Tile Roof

Interior Spaces

  • 1,082 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Bay Window
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Ceramic Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms | 3 Main Level Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Low Flow Toliet
  • Bathtub
  • Low Flow Shower

Home Security

Outdoor Features

  • Spa
  • Balcony
  • Patio
  • Exterior Lighting
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50413
  • Assessor Parcel Number 6266015088
  • $418 per year additional tax assessments

Community Details

Overview

  • 52 Units
  • Downey Lakes Association, Phone Number (562) 867-1792
  • Hpk Property Management HOA

Amenities

  • Outdoor Cooking Area
  • Laundry Facilities

Recreation

  • Community Spa

Security

  • 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

$275 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Smoke Detector(s)
  • View: No
  • Zoning: PARM*
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 6266015088
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1082.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s), Ceramic Counters, Open Floorplan, Recessed Lighting
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Entry Level: 2
  • Fireplace Features: Living Room
  • Levels: Multi/Split
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 452.87
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room, Master Suite
  • Spa Features: Community
  • Window Features: Bay Window(s), Double Pane Windows
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s)
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Electric, Excellent Condition
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Microwave
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Spa/Hot Tub, Outdoor Cooking Area
  • Association Fee: 275.00
  • Association Fee Frequency: Monthly
  • Association Name: Downey Lakes
  • Phone: 562-867-1792
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
  • Association Management: HPK Property Management

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 80460.00
  • Lot Size Acres: 1.8471

Multi Family

  • Lease Considered: No
  • Lot Size Area: 80460.0000 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: 418.00

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
Jun 15, 2022
Closed on
Jun 30, 2022
Sold by
Bought by
Seller's Agent
Tony Lopez
Coldwell Banker Envision
Buyer's Agent
Bryiana Davis
Home Smart Realty Group
List Price
$475,000
Sold Price
$490,000
Premium/Discount to List
$15,000
3.16%
Current Estimated Value
$552,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,725
Avg. Annual Appreciation
3.03%
Original Mortgage
$465,500
Outstanding Balance
$436,955
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$115,770

Purchase Details

Closed on
Jan 23, 2019
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2019
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Paramount, CA

  • Dennis Fulmore Real Estate Agent - Dennis Wayne Group

    Dennis Fulmore

    Dennis Wayne Group

    (424) 688-7260

    20 Total Sales

    1 in Paramount

    $520,000 Price

    Dennis Fulmore
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  • Lupe Salazar Real Estate Agent - EXCELLENCE RE REAL ESTATE

    Lupe Salazar

    EXCELLENCE RE REAL ESTATE

    (562) 268-4995

    48 Total Sales

    2 in Paramount

    $185,000 Price Range

    Lupe Salazar
     Section Image
  • Patricia Ramirez Real Estate Agent - Century 21 Allstars

    Patricia Ramirez

    Century 21 Allstars

    (562) 526-0839

    55 Total Sales

    3 in Paramount

    $440K - $540K Price Range

    Patricia Ramirez
     Section Image
  • Monica Olmos Real Estate Agent - Century 21 Masters

    Monica Olmos

    Century 21 Masters

    (626) 986-7539

    46 Total Sales

    1 in Paramount

    $250,000 Price

    Monica Olmos
     Section Image
  • Daniel Avendano Real Estate Agent - Century 21 Allstars

    Daniel Avendano

    Century 21 Allstars

    (424) 360-2126

    46 Total Sales

    1 in Paramount

    $420,000 Price

    Daniel Avendano
     Section Image
  • Alex Sanchez Real Estate Agent - eXp Realty of Southern California, Inc.

    Alex Sanchez

    eXp Realty of Southern California, Inc.

    (562) 261-0539

    63 Total Sales

    4 in Paramount

    $521K - $600K Price Range

    Alex Sanchez
     Section Image
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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
$490,000 Orange Coast Title
-- None Available
-- None Available
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 $465,500
Previous Owner $91,100
Previous Owner $104,456
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
07/22/2022 07/22/22 Sold $490,000 +3.2% $453 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $475,000 -- $439 / 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 $6,608 $509,795 $273,625 $236,170
2024 $6,409 $499,800 $268,260 $231,540
2023 $6,287 $490,000 $263,000 $227,000
2022 $3,117 $230,762 $66,636 $164,126
2021 $3,043 $226,238 $65,330 $160,908
2019 $3,111 $219,531 $63,394 $156,137
2018 $2,913 $215,227 $62,151 $153,076
2016 $2,613 $206,872 $59,739 $147,133
2015 $2,468 $203,765 $58,842 $144,923
2014 $2,527 $199,775 $57,690 $142,085
Source: Public Records

Agents Affiliated with this Home

  • Tony Lopez Real Estate Agent - Coldwell Banker Envision

    Seller's Agent in 2022

    Tony Lopez

    Coldwell Banker Envision

    (562) 762-7403

    82 Total Sales

    Tony Lopez
    Section Image
  • Bryiana Davis Real Estate Agent - Home Smart Realty Group

    Buyer's Agent in 2022

    Bryiana Davis

    Home Smart Realty Group

    (424) 213-9181

    121 Total Sales

    Bryiana Davis
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22129580

California Regional Multiple Listing Service (CRMLS)

APN: 6266-015-088

California Los Angeles County Paramount 90723

8330 Somerset Ranch Rd Unit C, 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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