NOT LISTED FOR SALE

8563 Paramount Blvd Downey, CA 90240

Estimated Value: $831,000 - $912,000

3 Beds
1 Bath
1,211 Sq Ft
$708/Sq Ft Est. Value

Last Sold January 27, 2022

Last sale price $690,000 $570 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,317/month

29 Days on Market

Highlights

  • City Lights View
  • Property is near public transit
  • No HOA
  • Unsworth Elementary School Rated A-
  • Corner Lot
  • 2 Car Attached Garage

About This Home

As of January 2022

Ready to be an income property owner? Then get your tools ready! This is a slight fixer with a great income potential property or perfect for a large family. Beautiful hardwood floors underneath the carpets. Located in the highly desired North Downey area close to all major freeways, schools, malls, Los Angeles & Orange County. Must see!

Last Agent to Sell the Property

Victor Paredes

IET Real Estate License #01224586 Listed on: 11/06/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,075

Year Built

  • Built in 1950

Lot Details

  • 5,574 Sq Ft Lot
  • Corner Lot
  • Back and Front Yard
  • Property is zoned DOR105

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,211 Sq Ft Home
  • 1-Story Property
  • City Lights Views

Bedrooms and Bathrooms

  • 3 Bedrooms | 4 Main Level Bedrooms
  • Converted Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Property is near public transit
  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 71
  • Tax Tract Number 16345
  • Assessor Parcel Number 6367009001
  • $427 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,075

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: DOR105
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6367009001
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1211.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 569.78
  • Room Type: All Bedrooms Down, Converted Bedroom

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Downey Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Near Public Transit
  • Lot Size Sq Ft: 5574.00
  • Lot Size Acres: 0.1280

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5574.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5506.01
  • Tax Lot: 71
  • Tax Tract Number: 16345
  • TaxOtherAnnualAssessmentAmount: 427.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2021
Closed on
Jan 25, 2022
Sold by
2020 Bertha Garcia Serrano Separate Prop and 2020 Bg Serrano Family Irrevocable Trust
Bought by
Proa Sergio and Alvarez Jaclyn Lydia
Seller's Agent
Victor Paredes
IET Real Estate
List Price
$699,950
Sold Price
$690,000
Premium/Discount to List
-$9,950
-1.42%
Current Estimated Value
$856,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,905
Avg. Annual Appreciation
6.05%
Original Mortgage
$667,683
Outstanding Balance
$616,234
Interest Rate
3.22%
Mortgage Type
FHA
Estimated Equity
$240,671

Purchase Details

Closed on
Nov 13, 2020
Sold by
2020 Bertha Garcia Serrano Separate Prop and 2020 Bertha Garcia
Bought by
2020 Bg Serrano Family Irrevocable Trust and Madsen

Purchase Details

Closed on
Aug 25, 2020
Sold by
Serrano Bertha Garcia and Serrano Bertha G
Bought by
Serrano Bertha Garcia and 2020 Bertha Garcia
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
Proa Sergio $690,000 First National Title
2020 Bg Serrano Family Irrevocable Trust -- None Listed On Document
Serrano Bertha Garcia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Proa Sergio $667,683
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2022 01/27/22 Sold $690,000 -1.4% $570 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
11/06/2021 11/06/21 For Sale $699,950 -- $578 / 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 $9,075 $732,231 $568,064 $164,167
2024 $9,075 $717,875 $556,926 $160,949
2023 $8,763 $703,800 $546,006 $157,794
2022 $2,016 $143,254 $74,710 $68,544
2021 $1,953 $140,446 $73,246 $67,200
2019 $1,903 $136,281 $71,074 $65,207
2018 $1,788 $133,610 $69,681 $63,929
2016 $1,718 $128,424 $66,976 $61,448
2015 $1,692 $126,495 $65,970 $60,525
2014 $1,612 $124,018 $64,678 $59,340
Source: Public Records

Agents Affiliated with this Home

  • Victor Paredes

    Seller's Agent in 2022

    Victor Paredes

    IET Real Estate

    (562) 572-7333

    43 Total Sales

    Victor Paredes
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21243507

California Regional Multiple Listing Service (CRMLS)

APN: 6367-009-001

California Los Angeles County Downey 90240

8563 Paramount Blvd, Downey, CA

This home is located at 8563 Paramount Blvd, Downey, CA 90240 since 06 November 2021 and is currently estimated at $856,905, approximately $707 per square foot. This property was built in 1950. 8563 Paramount Blvd is a home located in Los Angeles County with nearby schools including Unsworth Elementary School, Griffiths Middle School, and Warren High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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