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7127 De Palma Street

7127 De Palma Street, Downey, CA 90241
Property in Downey
Sold Mar 03, 2004
$399,000
$430,000 by Rate Plus Inc
Mortgage Due Jan 01, 2051
Sold Feb 12, 2002
$245,000
$236,241 by Washington Mutual Bank Fa
Mortgage Due Mar 01, 2032
7127 De Palma Street has been categorized by the local assessors in Downey, CA as a residential type of property. The building on the property was first built in 1959 and is 65 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7127 De Palma Street has 1,243 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 490 ft. The area measurement of the land has been determined as 5,033 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a gable style roof made of wood shake/ shingles. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. The property was last sold in Feb 2, 2004 for $399,000. That's $321.00 per sqft. Prior to that sales transaction, the property was also sold in Jan 25, 2002 for $245,000. 7127 De Palma Street was last assessed in 2023. The total value of the property was assessed at $545,250. Specifically, the land the property is located on was valued at $370,473. While improvements on the property were assessed at a total of $174,777. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $6,468. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,033
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 490
  • Total Building Area: 1,243
  • Building Area: 1,243
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,243
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 24876
  • Land Acres: 0.116
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 24876 THAT PART NE OF NE LINE OF DE PALMA ST AND NW PROLONGATION THEREOF OF LOT/SEC 30

Ownership

  • Current Owner : GUTIERREZ LUIS A
  • Previous Owner : DOHMAN STACEY A
  • Previous Owner 2: BACON SHIRLENE M
  • Owner Before Previous Owner: PREEDGE HAROLD R
  • Owner Before Previous Owner 2: PREEDGE SHARON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Downey Unified School District
  • Census Tract: 551401

Zoning

  • Zoning: DOR15000*

Geography

  • Assessors Map Reference: 59-F3
  • Subdivision Tract Number: 24876
  • Parcel: 6231-020-030
  • Lot: 30
  • Municipality: SOUTH /DOWNEY WEST
  • Latitude: 33.9444
  • Longitude: -118.159

    Address

  • Full Address: 7127 De Palma St
  • Address - House Number: 7127
  • Address - Street Name: De Palma
  • Address - Suffix Type: St
  • State: CA
  • City Name: Downey
  • Carrier Code: C031
  • 4-Digit Zip Code: 4320
  • Zip Code: 90241

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,468
  • Tax Rate Code Area: 03-305

    Appraisal Valuation

  • Standard Deviation: 0.2128
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 71
  • Final Value: 790,328
  • High Value: 958,575
  • Low Value: 622,080

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $430,000
  • First Open Lien Mortgage Lender: RATE PLUS INC
  • First Open Lien Mortgage Recording Date: Dec 31, 2020
  • First Open Lien Mortgage Loan Amount: $430,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $545,250
  • Assessed Land Value: $370,473
  • Assessed Improvements Value: $174,777

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 02, 2004
  • Current Sale Recording Date: Mar 03, 2004
  • Current Sale Transaction ID: 1032362096
  • Current Sale Price: $399,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 04-0499836
  • Previous Sale Recording Date: Feb 12, 2002
  • Previous Sale Contract Date: Jan 25, 2002
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO HOME MORTGAGE INC
  • First Mortgage Transaction Date: Mar 03, 2004
  • First Mortgage Loan Amount: $319,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Mar 01, 2034

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Feb 12, 2002
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $236,241
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2032

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Frequently Asked Questions

What neighborhood is 7127 De Palma Street located in?
The 7127 De Palma Street is a located in the neighborhood of Downey in Downey, Downey.
What is the average sales price for listings in 7127 De Palma Street?
The average sales price for units in 7127 De Palma Street is $0 currently.

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