NOT LISTED FOR SALE

8515 Cherokee Dr Downey, CA 90241

Downey Area

Estimated Value: $1,422,000 - $1,823,000

5 Beds
4 Baths
3,426 Sq Ft
$472/Sq Ft Est. Value

Sale Details

Date Sold: August 9, 2016

Last sale price $875,000 $255 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $10,138 / mo

11 Days on Market

Highlights

  • In Ground Pool
  • Main Floor Bedroom
  • No HOA
  • Downey High School Rated A-
  • Granite Countertops
  • Neighborhood Views

About This Home

As of August 2016

2 Incredible Homes on 1 Lot make it a GREAT VALUE FOR THE MONEY! Exclusive North Downey pool home features an elegant front house built in 1979, with 5 bedrooms, 4 full baths, Living Room with fireplace, formal Dining Room, and a step-down Family Room with marble counter top wet bar, fireplace and French doors leading to pool side covered patio. Additional features include separate laundry room, recently remodeled kitchen with granite counters and custom cherry cabinets, newer windows, separate eating area in the kitchen, and 2-car attached garage. Original house in the rear was constructed in 1955, sits on the other side of the pool and features 2 Bedrooms, 2 Baths, a living room with fireplace, kitchen with eating area, inside laundry room and direct access to its own 1-car attached garage with storage. Additional bonus bathroom with shower with outside access for pool and guest use. Long driveway with motorized gate for even more secure parking. Desirable neighborhood, an open floor plan and great design makes this property is great for entertaining, multi-generational living, possible rental income and so much more. Must be seen to fully appreciate! Property is sold AS-IS. Buyers to verify square footage, permits, etc. Cash Buyers preferred.

Last Agent to Sell the Property

Caroline Gim

Expert Real Estate & Investment License #01366389 Listed on: 06/20/2016

Co-Listed By

Aurora Gim

Expert Real Estate & Investment License #00899718

Last Buyer's Agent

Joshua Glaz

The Ave License #01856858

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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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1979

Lot Details

  • 11,186 Sq Ft Lot
  • Back and Front Yard

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Home Design

  • Clay Roof

Interior Spaces

  • 3,426 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 6252006020

Home Details

Home Type

Single Family

Year Built

Built in 1979

Lot Details

0.26 Acres

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6252006020
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3426.00
  • Interior Amenities: Balcony, Ceiling Fan(s), Granite Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Eating Area: Dining Room, In Kitchen, Separated
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Price Per Square Foot: 255.40
  • Room Type: Family Room, Living Room, Master Bedroom, Main Floor Bedroom, Walk-In Closet
  • Spa Features: In Ground

Exterior Features

  • View: Neighborhood
  • Pool Features: In Ground
  • Pool Private: Yes
  • Roof: Clay
  • Spa: Yes

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 11186.00
  • Price Per Lot Square Foot: 78.22

Multi Family

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

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 20, 2016
Closed on
Aug 2, 2016
Sold by
Bought by
Seller's Agent
Caroline Gim
Expert Real Estate & Investment
Buyer's Agent
Joshua Glaz
The Ave
List Price
$859,900
Sold Price
$875,000
Premium/Discount to List
$15,100
1.76%
Current Estimated Value
$1,616,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$741,527
Avg. Annual Appreciation
6.30%
Original Mortgage
$625,500
Outstanding Balance
$496,313
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,120,214

Purchase Details

Listed on
Jun 20, 2016
Closed on
Jul 29, 2016
Sold by
Bought by
Seller's Agent
Caroline Gim
Expert Real Estate & Investment
Buyer's Agent
Joshua Glaz
The Ave
List Price
$859,900
Sold Price
$875,000
Premium/Discount to List
$15,100
1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Outstanding Balance
$496,313
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,120,214

Purchase Details

Listed on
Jun 20, 2016
Closed on
Jul 8, 2016
Sold by
Bought by
Seller's Agent
Caroline Gim
Expert Real Estate & Investment
Buyer's Agent
Joshua Glaz
The Ave
List Price
$859,900
Sold Price
$875,000
Premium/Discount to List
$15,100
1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Outstanding Balance
$496,313
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,120,214

Purchase Details

Closed on
May 18, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Outstanding Balance
$496,313
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,120,214

Purchase Details

Closed on
Feb 18, 2015
Sold by
Bought by

Purchase Details

Closed on
Jul 7, 2006
Sold by
Bought by

Purchase Details

Closed on
Oct 19, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 1994
Sold by
Bought by
Source: Public Records

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
-- Chicago Title Company
-- Chicago Title Company
-- Chicago Title Company
$875,000 Chicago Title Company
$782,500 None Available
-- None Available
-- Accommodation
$1,300,000 Southland Title Company
-- --
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 $625,500
Previous Owner $975,000
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
08/09/2016 08/09/16 Sold $875,000 +1.8% $255 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
06/20/2016 06/20/16 For Sale $859,900 -- $251 / 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 $15,238 $1,203,661 $784,762 $418,899
2024 $14,961 $1,180,061 $769,375 $410,686
2023 $14,451 $1,156,924 $754,290 $402,634
2022 $13,724 $1,134,240 $739,500 $394,740
2021 $11,446 $938,174 $492,461 $445,713
2020 $11,272 $928,555 $487,412 $441,143
2019 $11,130 $910,349 $477,855 $432,494
2018 $10,743 $892,500 $468,486 $424,014
2016 $10,396 $863,000 $631,000 $232,000
2015 $9,655 $799,000 $584,000 $215,000
2014 $9,273 $799,000 $584,000 $215,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16134709

California Regional Multiple Listing Service (CRMLS)

APN: 6252-006-020

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