NOT LISTED FOR SALE

8330 Somerset Ranch Rd Unit F Paramount, CA 90723

Estimated Value: $552,000 - $579,000

2 Beds
3 Baths
1,082 Sq Ft
$282/mo HOA Fee

Last Sold September 29, 2023

Last sale price $510,000 $471 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,822/month

21 Days on Market

Highlights

  • 1.85 Acre Lot
  • Community Spa
  • 2 Car Attached Garage
  • Granite Countertops
  • Balcony
  • Recessed Lighting

About This Home

As of September 2023

Charming condo with spacious plan floor in Downey Lakes gated community. Central Heat and air, fireplace in living room, attached two-car garage, inside laundry room. This FHA approved comples offers a BBQ area and spa.

Last Agent to Sell the Property

Sandra Ramirez

Berkshire Hathaway HSCP License #01416850 Listed on: 08/03/2023

Berkshire Hathaway HSCP

Co-Listed By

Maggie Monge

MagiCal Properties, Inc. License #01857766

Last Buyer's Agent

Eloy Villamil

ROA California Inc. License #01799836

ROA California Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,617

Year Built

  • Built in 1991

Lot Details

  • Two or More Common Walls
  • Electric Fence

HOA Fees

  • $282 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,082 Sq Ft Home
  • 3-Story Property
  • Recessed Lighting
  • Living Room with Fireplace
  • Granite Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50413
  • Assessor Parcel Number 6266015091
  • $430 per year additional tax assessments

Community Details

Overview

  • 52 Units
  • Downey Lakes Homeowners Association, Phone Number (800) 369-7260
  • Pcm HOA

Amenities

  • Community Barbecue Grill

Recreation

  • Community Spa

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,617

Year Built

Built in 1991

Lot Details

0

HOA Fees

$282 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Ceiling light fixtures in dinning room
  • Property Attached: Yes
  • View: No
  • Zoning: PARM*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 6266015091
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1082.00 Square Feet
  • Interior Amenities: Balcony, Granite Counters, Recessed Lighting
  • Stories: 3
  • Entry Location: Front Door and Garage
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 2
  • Entry Level: 2
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 471.35
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Electric
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • 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, Barbecue, Pet Rules
  • Association Fee: 282.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Downey Lakes Homeowners Association
  • Phone: (800)369-7260
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: PCM

Schools

  • School District: Paramount Unified

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: 430.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Sep 7, 2023
Sold by
Sergio Corral Living Trust and Corral Leticia
Bought by
Gamboa Raul Edgardo and Gamboa Sandra Noemi
Seller's Agent
Sandra Ramirez
Berkshire Hathaway HSCP
Buyer's Agent
Eloy Villamil
ROA California Inc.
List Price
$515,000
Sold Price
$510,000
Premium/Discount to List
-$5,000
-0.97%
Views
184
Current Estimated Value
$566,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,036
Avg. Annual Appreciation
5.94%
Original Mortgage
$500,762
Outstanding Balance
$491,318
Interest Rate
7.09%
Mortgage Type
FHA
Estimated Equity
$80,033

Purchase Details

Closed on
May 12, 2014
Sold by
Corral Sergio S
Bought by
Corral Sergio and Corral Leticia

Purchase Details

Closed on
Apr 20, 2001
Sold by
Corral Sergio S
Bought by
Corral Sergio S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.98%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 26, 1993
Sold by
Corral Leticia H
Bought by
Corral Sergio S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.91%
Mortgage Type
Assumption

Purchase Details

Closed on
Oct 5, 1993
Sold by
Bautista Al R
Bought by
Corral Sergio S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.91%
Mortgage Type
Assumption

Purchase Details

Closed on
Jul 19, 1993
Sold by
Bautista Al R and Manjarrez Sandra Corral
Bought by
Bautista Al R
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
Gamboa Raul Edgardo $510,000 Lawyers Title
Corral Sergio -- None Available
Corral Sergio S -- Fidelity National Title Co
Corral Sergio S -- Pacific Title Guaranty Compa
Corral Sergio S $125,454 Pacific Title Guaranty Compa
Bautista Al R -- Pacific Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gamboa Raul Edgardo $500,762
Previous Owner Corral Sergio S $98,000
Previous Owner Corral Sergio S $153,000
Previous Owner Corral Sergio S $100,000
Previous Owner Corral Sergio S $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $510,000 -1.0% $471 / Sq Ft
08/03/2023 08/03/23 For Sale $515,000 -- $476 / 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 $6,617 $520,200 $282,132 $238,068
2024 $6,617 $510,000 $276,600 $233,400
2023 $2,827 $204,179 $65,329 $138,850
2022 $2,750 $200,177 $64,049 $136,128
2021 $2,684 $196,253 $62,794 $133,459
2019 $2,742 $190,434 $60,933 $129,501
2018 $2,566 $186,701 $59,739 $126,962
2016 $2,303 $179,453 $57,420 $122,033
2015 $2,177 $176,758 $56,558 $120,200
2014 $2,228 $173,297 $55,451 $117,846
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23144373

California Regional Multiple Listing Service (CRMLS)

APN: 6266-015-091