15000 Downey 249, Paramount, California 90723, Paramount, 90723 - 1 bed, 1 bath
ACTIVE$295,000
15000 Downey 249, Paramount, California 90723
1Bed
1Bath
630Sqft
Lot
Year Built
1991
Close
-
List price
$295K
Original List price
$360K
Price/Sqft
$468
HOA
$352.15
Days on market
-
Sold On
-
MLS number
SR25047585
Home ConditionFair
Features
Pool
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $295.0K(4th), sqft - 630(17th), beds - 1(25th), baths - 1(25th).
Nearby schools
4/10
Harry Wirtz Elementary School
Public,•K-5•0.3mi
6/10
Jefferson Elementary School
Public,•K-5•0.3mi
8/10
Abraham Lincoln School
Public,•K-5•0.5mi
6/10
Major Lynn Mokler School
Public,•K-5•1.0mi
5/10
Theodore Roosevelt
Public,•K-5•1.0mi
8/10
Ward Elementary School
Public,•K-3•1.3mi
7/10
Carpenter Elementary School
Public,•4-5•1.3mi
5/10
Wesley Gaines School
Public,•K-3•1.4mi
4/10
Howard Tanner School
Public,•K-5•1.4mi
6/10
Los Cerritos School
Public,•K-5•1.5mi
5/10
Mark Keppel School
Public,•K-5•1.8mi
5/10
Paramount Park Middle School
Public,•6-8•0.6mi
4/10
Alondra Middle School
Public,•6-8•0.7mi
4/10
Leona Jackson School
Public,•4-8•1.5mi
4/10
Frank J. Zamboni School
Public,•6-8•1.6mi
5/10
Sussman Middle School
Public,•6-8•1.8mi
7/10
Clinton, William Jefferson School
Public,•PK-8•1.9mi
6/10
Hollydale School
Public,•K-8•2.0mi
4/10
Roosevelt Middle School
Public,•6-8•3.5mi
5/10
Paramount High School
Public,•9-12•0.4mi
3/10
Dominguez High School
Public,•9-12•1.8mi
/10
Buena Vista High School
Public,•9-12•2.8mi
7/10
Downey High School
Public,•9-12•3.2mi
9/10
Compton Early College High
Public,•9-12•5.3mi
Price History
Date
Event
Price
05/22/18
Sold
$227,500
08/05/16
Sold
$210,000
06/06/13
Sold
$120,000
05/28/10
Sold
$105,000
03/07/05
Sold
$210,000
Condition Rating
Fair
Built in 1991, this 33-year-old condominium is well-maintained and move-in ready, but its kitchen and bathroom show signs of being outdated. The kitchen features older white cabinets and black appliances, while the bathroom has beige tiles and a sliding shower door, suggesting updates that are likely 15-25 years old rather than recent. The property's overall aesthetic, including the laminate flooring and potential reliance on window AC units (as seen on other units), indicates it would benefit from minor cosmetic updates to meet current styles and comfort standards. This aligns with the 'Fair' category, where the home is aged but functional, with components showing signs of being outdated.
Pros & Cons
Pros
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $359,900 to $295,000, offering a more attractive entry point for buyers.
Condominium Lifestyle: As a condominium, it provides a low-maintenance living solution, appealing to first-time buyers, singles, or those seeking convenience without the responsibilities of a single-family home.
Relatively Modern Construction: Built in 1991, the property is newer than many older homes in the region, potentially implying more modern building codes and fewer immediate structural concerns compared to much older inventory.
Urban Accessibility: Located in Paramount, CA, the property offers access to Los Angeles County amenities, transportation routes, and employment opportunities, enhancing its practical appeal.
Active Market Status: The property is currently active on the market, indicating immediate availability for prospective buyers and a clear opportunity for purchase.
Cons
Compact Living Space: With only 630 square feet, 1 bedroom, and 1 bathroom, the property offers limited living space, which may not suit all buyer needs, especially those desiring more room or planning for family expansion.
High Monthly Association Fee: The $352.15 monthly association fee is substantial for a unit of this size, adding significantly to the overall cost of ownership and potentially impacting affordability for budget-conscious buyers.
Potential for Dated Interiors: Built in 1991, the property's interior finishes and systems may be original and could require updates or renovations to align with contemporary design preferences and efficiency standards, incurring additional buyer costs.