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7824 Melva St, Downey, CA, 90242

$749,000

Home List Price

$8,894*

Closing Credit

2 Bedrooms
1 Full Bath
1,234 SqFt
$607/SqFt
House

Location

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7824 Melva St, Downey$749,000

Buyer Closing Credits

$8,894*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage1 space
Year Built1949
HeatingCentral
CoolingCentral Air
FireplaceLiving Room
ViewNeighborhood
MLS #GD24186475
Lot Size0.23 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 7824 Melva St

Welcome to this charming single-family home nestled in a desirable neighborhood in Downey. While it is listed as a 2-bedroom, 1-bath on title, the home shows as a 3-bedroom, 1.5-bath layout. Spanning 1,234 square feet, this residence sits on an expansive 10,076 square foot lot, providing ample outdoor space for entertaining or potential expansion. With its prime location and spacious lot, this property is a fantastic opportunity to enjoy comfortable living in a sought-after community. This is a rare opportunity to craft a home that suits your unique needs or invest in a property with limitless potential. This home is ideal for both seasoned developers and aspiring homeowners with a vision for the future. Its prime location offers easy access to freeways, local amenities, top-rated schools, shopping centers, and public transportation, ensuring convenience and connectivity. Whether you're looking to create a dream home or capitalize on the investment potential, this property offers endless possibilities in a highly desirable Downey neighborhood.

Property Details

Property Features

Property Information:

  • Year Built: 1949
  • Stories: 1
  • Living Area: 1,234 SqFt

Listing Office:

  • Office Name: Keller Williams R. E. Services
  • Office Phone: (818) 209-0537
  • Listing Agent: Pam Adame

Interior Features

Interior Information:

  • Interior: All Bedrooms Down, Bedroom on Main Level
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Imperial Highway to Rieve and Rieves to Melva

Price Information

Listing Price Info

Price Summary:

  • List Price: $749,000
  • Price Per SqFt: $607/SqFt

Tax Information:

  • Annual Amount: $5,805
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Downey, CA.

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Downey, CA

City

Med. Sold Price

$835.3K

Med. Price/SqFt

$550

Avg. Days On Market

38

# of Sold Homes

21

7824 Melva St vs Downey

54 DAYS ON ROCKET

+16 Days

$749,000

-$86.3K Less

$607/SqFt

+$57 More

KEY TAKEAWAY

This property is $86.3K less than the Median Sold Price and $57/SqFt more than other homes in Downey, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #GD24186475

Listing Office:

  • Office Name: Keller Williams R. E. Services
  • Office Phone: (818) 209-0537
  • Listing Agent: Pam Adame

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,805$465,332
2020$5,659$460,562
2019$5,441$451,533
2018$6,032$442,680
2017$6,032$500,239

History based on county public records data.

Payment Calculator

$3,806

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,312

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-339831
7
/10

  • Old River Elementary

  • 11995 Old River School Rd

  • 0.53 miles

  • Public District Grades 4-5

school-card-donut-339832
6
/10

  • Imperial Elementary School

  • 8133 Imperial Hwy

  • 0.59 miles

  • Public District Grades KG-3

school-card-donut-339833
8
/10

  • Williams Elementary

  • 7530 Arnett St

  • 0.87 miles

  • Public District Grades KG-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,977. Typical income of Downey, CA residents is between $35k-100k annually. Typical family type is married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7824 Melva St

What is the listing price of this property?

The listing price of 7824 Melva St property is $749,000.

What type of property is this?

The property 7824 Melva St is a house located in Downey, California, 90242.

Is this property for sale now?

Accepting Backup Offers: 7824 Melva St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,805 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7824 Melva St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 7824 Melva St is 1,234 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7824 Melva St is 1949.

Rocket Homes›California›Los Angeles County›Downey›90242›7824 Melva St

This home is located at 7824 Melva St in Downey, CA and zip code 90242 in the The Southeast neighborhood. This 1,234 square foot home, which was built in 1949, sits on a 0.23 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $749,000.

Downey, CA housing market in October 2024 saw over 10 listings sold above listed price, more than 4 sold at listed price and over 7 sold below. Between September 2024 and October 2024, Downey, CA real estate market has seen increase in the number of listings by 2.8%. Listings spent 38 days on the market in October 2024, and had a median list price of $835,333 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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