NOT LISTED FOR SALE

8429 Florence Ave Downey, CA 90240

Estimated Value: $879,000 - $982,000

3 Beds
2 Baths
1,226 Sq Ft
$748/Sq Ft Est. Value

Last Sold March 08, 2018

Last sale price $555,000 $453 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,455/month

52 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Level Lot
  • Property is near public transit

About This Home

As of March 2018

Three bedroom 2 bathrooms on very desirable commercial street. Approximately 50 by 192 foot lot. Possible commercial usage for small office or other
possibilities. Long driveway and plenty of parking.

Last Agent to Sell the Property

John Torres

Excellence- The Real Estate Center License #00660178 Listed on: 09/05/2017

Last Buyer's Agent

John Torres

Excellence- The Real Estate Center License #00660178 Listed on: 09/05/2017

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 7,267 Sq Ft Lot
  • Level Lot
  • Property is zoned DOCP*

Parking

  • 2 Car Garage

Interior Spaces

  • 1,226 Sq Ft Home
  • City Lights Views

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 002
  • Tax Tract Number 5506
  • Assessor Parcel Number 6362017002

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Ad Number: 562-522-9832
  • Property Attached: No
  • View: Yes
  • Zoning: DOCP*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6362017002
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1226.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 452.69
  • Room Type: All Bedrooms Down

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Near Public Transit
  • Lot Size Sq Ft: 7267.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5506.02
  • Tax Lot: 002
  • Tax Tract Number: 5506

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2018
Sold by
Palacios Edgar N
Bought by
Palacios Edgar N and The Bcvg Trust
Current Estimated Value
$916,940

Purchase Details

Listed on
Sep 5, 2017
Closed on
Mar 2, 2018
Sold by
Arenas Esther
Bought by
Palacios Edgar N
Seller's Agent
John Torres
Excellence- The Real Estate Center
Buyer's Agent
John Torres
Excellence- The Real Estate Center
List Price
$575,000
Sold Price
$555,000
Premium/Discount to List
-$20,000
-3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.62%
Original Mortgage
$50,000
Outstanding Balance
$42,610
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$874,330

Purchase Details

Closed on
Nov 20, 2017
Sold by
Palacios Gina G
Bought by
Palacios Edgar N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.15%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 9, 2014
Sold by
Arenas Jose R
Bought by
Arenas Esther

Purchase Details

Closed on
Jan 11, 2013
Sold by
Mark Eric
Bought by
Arenas Jose R and Arenas Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2010
Sold by
Mark Eric
Bought by
Mark Eric

Purchase Details

Closed on
Nov 23, 2009
Sold by
Plancarte Alicia
Bought by
Mark Eric

Purchase Details

Closed on
Mar 5, 2003
Sold by
Mark Eric
Bought by
Mark Eric and Plancarte Alicia

Purchase Details

Closed on
Mar 1, 2001
Sold by
Nunez Silvio
Bought by
Mark Eric

Purchase Details

Closed on
Nov 23, 1999
Sold by
Tauler Roberto G
Bought by
Charles Jedd S and National Funding Alliance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,510
Interest Rate
7.95%

Purchase Details

Closed on
Nov 8, 1999
Sold by
Charles Jedd B
Bought by
Nunez Silvio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,510
Interest Rate
7.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Palacios Edgar N -- None Available
Palacios Edgar N $555,000 Pacific Coast Title Glendale
Palacios Edgar N -- Pacific Coast Title Glendal
Arenas Esther -- None Available
Arenas Jose R $332,000 Chicago Title Company
Mark Eric -- Pacific Coast Title Company
Mark Eric -- None Available
Mark Eric $130,000 --
Mark Eric $200,000 American Title Co
Charles Jedd S $175,000 United Title Company
Nunez Silvio $260,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palacios Edgar N $50,000
Previous Owner Palacios Edgar N $25,000
Previous Owner Arenas Jose R $340,000
Previous Owner Nunez Silvio $237,510
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2018 03/08/18 Sold $555,000 -3.5% $453 / Sq Ft
10/27/2017 10/27/17 Pending -- -- --
09/05/2017 09/05/17 For Sale $575,000 -- $469 / 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 $7,919 $631,489 $505,193 $126,296
2024 $7,919 $619,108 $495,288 $123,820
2023 $7,649 $606,970 $485,577 $121,393
2022 $7,264 $595,069 $476,056 $119,013
2021 $7,114 $583,402 $466,722 $116,680
2019 $6,932 $566,100 $452,880 $113,220
2018 $4,568 $367,962 $286,471 $81,491
2016 $4,431 $353,676 $275,348 $78,328
2015 $4,368 $348,365 $271,213 $77,152
2014 $4,127 $341,542 $265,901 $75,641
Source: Public Records

Agents Affiliated with this Home

  • John Torres

    Seller's Agent in 2018

    John Torres

    Excellence- The Real Estate Center

    (562) 862-7341

    6 Total Sales

    John Torres
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17206060

California Regional Multiple Listing Service (CRMLS)

APN: 6362-017-002

California Los Angeles County Downey 90240

8429 Florence Ave, Downey, CA

Not Listed for Sale

Detached

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