$550,000
SOLD APR 3, 2019

1440 E Algrove St Covina, CA 91724

4 Beds
2 Baths
2,038 Sq Ft
8,436 Sq Ft Lot

Recently Sold

$270 Per Sq Ft

12% Below List Price

68 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • No HOA
  • Dining Room with Fireplace
  • Corner Lot
  • Laundry Room

About This Home

As of November 2019

New to the market is a 4-bed 2-bath home situated in a desirable Covina neighborhood close to freeway access, schools and shopping. Boasting 2,038 SqFt of living space on an 8,436 SqFt lot, this home features two fireplaces, an open kitchen and attached garage and laundry room. The spacious backyard is equipped with an in-ground pool. Now is the perfect opportunity to add your personal touch to this fixer-home!

Last Agent to Sell the Property

Mathew Matti

Re/Max Tri-City License #00978753 Listed on: 01/11/2019

Re/Max Tri-City

Last Buyer's Agent

KEVIN EGAN

HOMEQUEST REAL ESTATE License #01313398

HOMEQUEST REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,203

Year Built

  • Built in 1956

Lot Details

  • 8,436 Sq Ft Lot
  • Corner Lot
  • Property is zoned CVR18500*

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Fixer Upper

Interior Spaces

  • 2,038 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Dishwasher
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Pool

  • In Ground Pool
  • Pool Cover

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 8426-007-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,203

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Street Number Display: Yes
  • Advertising Remarks: New to the market is a 4-bed 2-bath home situated in a desirable Covina neighborhood close to freeway access, schools and shopping. Boasting 2,038 SqFt of living space on an 8,436 SqFt lot, this home features two fireplaces, an open kitchen and attached garage and laundry room. The spacious backyard is equipped with an in-ground pool. Now is the perfect opportunity to add your personal touch to this fixer-home!
  • Living Area: 2038
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1956
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: RealEstateOwned

Interior Features

  • Fireplace Rooms: Dining, Family Room
  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 4
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher
  • Price Per S Q F T: 289.01

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: In Ground, Pool Cover
  • Pool: Yes
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Driveway, Garage - 2 Car

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 8426-007-022
  • Geocode Override: No
  • Lot Location: Corner Lot
  • Lot Size Area: 8436

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2019
Closed on
Oct 18, 2019
Sold by
Zhang Xiu Lian and Lam Kenny
Bought by
Salcedo Rommel M and Salcedo Mitchelle A
Seller's Agent
KEVIN EGAN
HOMEQUEST REAL ESTATE
Buyer's Agent
Ed Corpuz
Merit Capital Group Inc
List Price
$749,000
Sold Price
$700,000
Premium/Discount to List
-$49,000
-6.54%
Current Estimated Value
$991,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,400
Avg. Annual Appreciation
7.17%
Original Mortgage
$665,000
Interest Rate
3.65%

Purchase Details

Listed on
Jan 11, 2019
Closed on
Mar 7, 2019
Sold by
Pennymac Corp
Bought by
Zhang Xiu Lian and Lam Kenny
Seller's Agent
Mathew Matti
Re/Max Tri-City
Buyer's Agent
KEVIN EGAN
HOMEQUEST REAL ESTATE
List Price
$623,000
Sold Price
$550,000
Premium/Discount to List
-$73,000
-11.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.47%

Purchase Details

Closed on
May 29, 2018
Sold by
Griffin Mike
Bought by
Pennymac Holdings Llc

Purchase Details

Closed on
May 17, 2004
Sold by
Griffin Lisa
Bought by
Griffin Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2004
Sold by
Griffin Betty F and Griffin Mike
Bought by
Griffin Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2000
Sold by
Ayala Ernest J and Ayala Herlinda J
Bought by
Griffin Betty F and Griffin Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
7.9%

Purchase Details

Closed on
Jul 22, 1993
Sold by
Ige Edwin S and Ige Stella
Bought by
Ayala Ernest J and Ayala Herlinda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
3.5%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $700,000 Servicelink
Grant Deed $550,000 Servicelink
Grant Deed -- Servicelink
Trustee Deed $670,900 Accommodation
Interfamily Deed Transfer -- Diversified Title & Escrow S
Interfamily Deed Transfer -- Diversified Title & Escrow S
Individual Deed $265,000 Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $220,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $646,000 New Conventional
Closed $655,000 New Conventional
Closed $665,000 No Value Available
Previous Owner $500,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $400,000 New Conventional
Previous Owner $336,000 Purchase Money Mortgage
Previous Owner $336,000 Purchase Money Mortgage
Previous Owner $240,000 Unknown
Previous Owner $24,000 Stand Alone Second
Previous Owner $175,500 Unknown
Previous Owner $138,000 No Value Available
Previous Owner $176,000 Unknown
Previous Owner $175,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2019 11/07/19 Sold $700,000 0.0% $343 / Sq Ft
10/12/2019 10/12/19 Pending -- -- --
09/27/2019 09/27/19 Price Changed $699,900 -4.0% $343 / Sq Ft
07/26/2019 07/26/19 Price Changed $729,000 -2.7% $358 / Sq Ft
07/04/2019 07/04/19 For Sale $749,000 +36.2% $368 / Sq Ft
04/03/2019 04/03/19 Sold $550,000 -6.6% $270 / Sq Ft
03/20/2019 03/20/19 Pending -- -- --
02/20/2019 02/20/19 Price Changed $589,000 -4.2% $289 / Sq Ft
02/13/2019 02/13/19 Price Changed $615,000 -1.3% $302 / Sq Ft
01/11/2019 01/11/19 For Sale $623,000 -- $306 / Sq Ft
Source: The MLS

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 $9,203 $774,368 $501,325 $273,043
2024 $9,203 $759,186 $491,496 $267,690
2023 $8,984 $744,301 $481,859 $262,442
2022 $8,879 $729,708 $472,411 $257,297
2021 $8,755 $707,251 $463,149 $244,102
2019 $8,158 $658,308 $450,432 $207,876
2018 $5,879 $480,977 $273,441 $207,536
2016 $5,611 $462,302 $262,824 $199,478
2015 $5,584 $455,359 $258,877 $196,482
2014 $5,571 $446,440 $253,806 $192,634
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-422958

The MLS

APN: 8426-007-022