NOT LISTED FOR SALE

8514 Otto St Downey, CA 90240

Estimated Value: $1,136,000 - $1,261,000

3 Beds
2.5 Baths
1,827 Sq Ft
$643/Sq Ft Est. Value

Last Sold June 27, 2014

Last sale price $650,000 $356 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,985/month

35 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Neighborhood Views
  • Downey High School Rated A-
  • No HOA
  • Covered Patio or Porch

About This Home

As of June 2014

REMODELED “RANCH” on HUGE (NE) DOWNEY-SIZED LOT. Exceptional location at end of cul-de-sac, this recently remodeled 3BR, 2 1/2 BA stunner offers 1827sf on an oversized (9126sf) lot. Jaw-dropping hardwood floors, restored to their original beauty flow seamlessly thru-out this "open-concept" floor plan. Also features a dramatic floor-to-ceiling wood burning fireplace, designer stone veneer hearth w/ Minka Lavery lighting, & new sliding glass door that opens to covered patio & large backyard. New Shaker-style kitchen offers sleek stainless steel “Frigidaire” appliances, “Ubatuba” granite counters, oversized “Ghiberti” porcelain tile flooring, new steel sink, & ultra-cool L.S.H. Faucet w/ single handed, pull-down spray-head. Designer lighting w/ brushed nickel fixtures & hardware enhance the warm-gray palette. BA features inlaid marble, basketweave mosaic flooring w/ Carrara accents, tub/shower combos with floor to ceiling tile & frameless glass enclosures. BA features a designer double vanity w/ “Absolute Black” granite top & dual framed mirrors. MBA features travertine flooring & stunning, built-in vanity w/ quartzite counter & oversized linen cabinets. New roof, recessed lighting, new interior doors, new windows. Artisan-inspired craftsmanship throughout.

Last Agent to Sell the Property

Richard Garrison

American Dream Realty License #00301695 Listed on: 02/17/2014

American Dream Realty

Last Buyer's Agent

Kathy Garrison

Surterre Properties Inc License #00858313

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 9,123 Sq Ft Lot
  • Block Wall Fence

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Composition Roof

Interior Spaces

  • 1,827 Sq Ft Home
  • Family Room with Fireplace
  • Wood Flooring
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 19081
  • Assessor Parcel Number 6363018005

Home Details

Home Type

Single Family

Year Built

Built in 1954 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Architectural Style: Ranch
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6363018005
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1827.00
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Nook
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 355.77
  • Room Type: All Bedrooms Down

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Covered
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains

Lot Info

  • Lot Size Sq Ft: 9123.00
  • Lot Size Acres: 0.2090

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9123.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 50
  • Tax Tract Number: 19081

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2014
Closed on
Jun 19, 2014
Sold by
Shaheim Ghada Y
Bought by
Ghalab Abdelsalam M
Seller's Agent
Richard Garrison
American Dream Realty
Buyer's Agent
Kathy Garrison
Surterre Properties Inc
List Price
$674,500
Sold Price
$650,000
Premium/Discount to List
-$24,500
-3.63%
Current Estimated Value
$1,175,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$525,189
Avg. Annual Appreciation
5.27%

Purchase Details

Closed on
Apr 1, 2014
Sold by
Garrison Richard and Richard Garrison 401K Profit S
Bought by
Ghalab Abdelsalam M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2013
Sold by
Orchard Investment Group Llc
Bought by
Garrison Richard and Richard Garrison 401K Profit S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,000
Interest Rate
4.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2013
Sold by
Ghalab Abdelsaiam M
Bought by
Ghalab Abdelsalam M and Shahein Ghada Yehia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,000
Interest Rate
4.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 1994
Sold by
Slocum Charlene and The Charles H Slocum Trust
Bought by
Slocum Charlene
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Ghalab Abdelsalam M -- Provident Title Company
Ghalab Abdelsalam M $650,000 Provident Title Company
Garrison Richard $1,000 Stewart Title Of Ca Inc
Garrison Richard $435,000 Stewart Title Of Ca Inc
Ghalab Abdelsalam M -- None Available
Slocum Charlene $237,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ghalab Abdelsalam M $520,000
Previous Owner Garrison Richard $303,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2014 06/27/14 Sold $650,000 -1.5% $356 / Sq Ft
03/24/2014 03/24/14 Pending -- -- --
03/17/2014 03/17/14 Price Changed $659,900 -2.2% $361 / Sq Ft
02/17/2014 02/17/14 For Sale $674,500 -- $369 / 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 $10,076 $796,800 $478,082 $318,718
2024 $9,909 $781,177 $468,708 $312,469
2023 $9,569 $765,861 $459,518 $306,343
2022 $9,086 $750,845 $450,508 $300,337
2021 $8,900 $736,124 $441,675 $294,449
2020 $8,764 $728,577 $437,147 $291,430
2019 $8,672 $714,292 $428,576 $285,716
2018 $8,431 $700,287 $420,173 $280,114
2016 $8,188 $673,096 $403,858 $269,238
2015 $8,073 $662,986 $397,792 $265,194
2014 $5,207 $435,000 $325,000 $110,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Richard Garrison

    American Dream Realty

    Section Image

  • K

    Buyer's Agent in 2014

    Kathy Garrison

    Surterre Properties Inc

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14033077

California Regional Multiple Listing Service (CRMLS)

APN: 6363-018-005

California Los Angeles County Downey 90240

8514 Otto St, Downey, CA

Not Listed for Sale

Detached

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