NOT LISTED FOR SALE

8408 7th St Downey, CA 90241

Estimated Value: $837,908 - $940,000

3 Beds
1 Bath
1,085 Sq Ft
$833/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $730,000 $673 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,515/month

39 Days on Market

Highlights

  • Above Ground Spa
  • Heated Floor in Bathroom
  • Private Yard
  • Downey High School Rated A
  • Bonus Room
  • No HOA

About This Home

As of September 2022

LOCATION LOCATION LOCATION! Lovely Classic Home in the best part of Downey boasts pride of ownership and is ready to be updated for the new owners to enjoy. Three Bedrooms and updated Bathroom with heated floor, Enclosed Patio provides you with a large Bonus Room and is connected to the Central A/C System to beat the Summer heat, Dual Pane Windows around the entire parameter of the home and the roof is less than 8 years. Backyard will be left in tact featuring trees, plants and landscaping with serene corner waterfall oasis with entire Backyard cinderblock protected, 2 Car Garage has lots of space and this home is near the Stonewood Center Mall with countless stores and nearby restaurants, Downey Civic Center and Downey High School.

Last Agent to Sell the Property

Julie Ledesma

Century 21 Cornerstone License #02119416 Listed on: 07/22/2022

Century 21 Cornerstone

Co-Listed By

J.J. Haro

EXCELLENCE RE REAL ESTATE License #01828331

Last Buyer's Agent

Evelyn Vega

Worldwide Realty License #01494562

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,393

Year Built

  • Built in 1951

Lot Details

  • 5,994 Sq Ft Lot
  • Landscaped
  • Sprinklers on Timer
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard
  • Property is zoned DOR105

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Interior Spaces

  • 1,085 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Bonus Room
  • Neighborhood Views
  • Home Security System
  • Gas Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom
  • Heated Floor in Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Above Ground Spa
  • Exterior Lighting
  • Shed

Schools

  • Gallatin Elementary School
  • Downey High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 16622
  • Assessor Parcel Number 6253010006
  • $429 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,393

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Washer, Dryer, Refrigerator, Stove, Standing Freezer in Garage, Spa, Shed
  • Property Attached: No
  • Security: Security System
  • View: Yes
  • Zoning: DOR105
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6253010006
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1085.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 672.81
  • Room Type: All Bedrooms Down, Bonus Room, Kitchen, Living Room
  • Spa Features: Above Ground
  • Bathroom Features: Heated Floor, Walk-In Shower

Exterior Features

  • Other Structures: Shed(s)
  • View: Neighborhood
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Schools

  • Elementary School: Gallatin
  • High School: Downey
  • Elementary School #2: GALLAT
  • High School2: DOWNEY

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Sprinkler System, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 5994.00
  • Lot Size Acres: 0.1376

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5994.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5509.01
  • Tax Lot: 10
  • Tax Tract Number: 16622
  • TaxOtherAnnualAssessmentAmount: 429.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Sep 6, 2022
Sold by
Barbara L Colwell Revocable Living Trust
Bought by
Chavez Crystal Elizabeth and Duarte Edward
Seller's Agent
Julie Ledesma
Century 21 Cornerstone
Buyer's Agent
Evelyn Vega
Worldwide Realty
List Price
$749,900
Sold Price
$730,000
Premium/Discount to List
-$19,900
-2.65%
Views
43
Current Estimated Value
$904,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,227
Avg. Annual Appreciation
7.20%
Original Mortgage
$693,500
Outstanding Balance
$661,915
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$242,312

Purchase Details

Closed on
Jan 18, 2012
Sold by
Colwell Barbara E and Barbara E Colwell Revocable Li
Bought by
Colwell Barbara E and Barbara E Colwell Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,654
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2004
Sold by
Colwell Barbara E
Bought by
Colwell Barbara E and Colwell Revocable Living Trust

Purchase Details

Closed on
Jun 5, 2002
Sold by
Colwell Doloris M and Colwell Family 1995 Trust
Bought by
Colwell Barbara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,500
Interest Rate
6.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 13, 1995
Sold by
Colwell Albert D and Colwell Doloris M
Bought by
Colwell Albert D
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
Chavez Crystal Elizabeth $730,000 Pacific Coast Title
Colwell Barbara E -- Equity Title Company
Colwell Barbara E -- --
Colwell Barbara E $230,000 California Counties Title Co
Colwell Albert D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Crystal Elizabeth $693,500
Previous Owner Colwell Barbara E $160,654
Previous Owner Colwell Barbara E $195,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $730,000 0.0% $673 / Sq Ft
09/29/2022 09/29/22 Price Changed $730,000 -2.7% $673 / Sq Ft
09/13/2022 09/13/22 For Sale $749,900 +2.7% $691 / Sq Ft
09/12/2022 09/12/22 Off Market $730,000 -- --
08/31/2022 08/31/22 Pending -- -- --
08/25/2022 08/25/22 Price Changed $749,900 -2.6% $691 / Sq Ft
08/04/2022 08/04/22 Price Changed $770,000 -3.7% $710 / Sq Ft
07/22/2022 07/22/22 For Sale $799,900 -- $737 / 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 $9,393 $759,491 $607,593 $151,898
2024 $9,393 $744,600 $595,680 $148,920
2023 $9,069 $730,000 $584,000 $146,000
2022 $1,095 $62,546 $35,776 $26,770
2021 $1,049 $61,321 $35,075 $26,246
2019 $1,023 $59,504 $34,036 $25,468
2018 $917 $58,338 $33,369 $24,969
2016 $871 $56,074 $32,074 $24,000
2015 $857 $55,233 $31,593 $23,640
2014 $827 $54,152 $30,975 $23,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22160204

California Regional Multiple Listing Service (CRMLS)

APN: 6253-010-006