NOT LISTED FOR SALE

150 Melrose Ave Monrovia, CA 91016

Estimated Value: $1,004,000 - $1,270,194

4 Beds
2 Baths
1,526 Sq Ft
$736/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $755,000 $495 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $7,052/month

24 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Laundry Room
  • Mayflower Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of June 2020

Rare duplex in North Monrovia. Great location to walk to stores, restaurants theater and Old Town.

Last Agent to Sell the Property

Catherine Teegarden

Distinctive Properties License #01051774 Listed on: 04/04/2020

Last Buyer's Agent

Catherine Teegarden

Distinctive Properties License #01051774 Listed on: 04/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,162

Year Built

  • Built in 1947

Lot Details

  • 9,362 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Asphalt Roof

Interior Spaces

  • 1,526 Sq Ft Home
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 6 / M
  • Tax Tract Number 6209
  • Assessor Parcel Number 8504003007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $934
  • Other Expense $600
  • Trash Expense $780
  • Water Sewer Expense $1,200
  • New Taxes Expense $9,938
  • Operating Expense $13,452
  • Gross Income $35,760
  • Net Operating Income $22,309

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,162

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Ad Number: Cathy
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: MORL*
  • Property Type: Residential Income
  • Parcel Number: 8504003007
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 494.76

Exterior Features

  • View: Mountain(s)
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 780.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9362.00
  • Lot Size Acres: 0.2149

Multi Family

  • Gross Income: 35760.00
  • Gross Scheduled Income: 35760.00
  • Insurance Expense: 934.00
  • Lot Size Area: 9362.0000 Square Feet
  • Net Operating Income: 22308.50
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 13451.50
  • Other Expense: 600.00
  • Other Expense Description: Gardener
  • Rent Control: No
  • Total Actual Rent: 2980.00
  • Total Expenses: 13451.50

Tax Info

  • New Taxes Expense: 9937.50
  • Tax Block: M
  • Tax Census Tract: 4303.02
  • Tax Lot: 6
  • Tax Tract Number: 6209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2020
Closed on
May 1, 2020
Sold by
Johnson Ralph P and Schult Carol Louise
Bought by
Yin Roger X and Liu Qiwen
Seller's Agent
Catherine Teegarden
Distinctive Properties
Buyer's Agent
Catherine Teegarden
Distinctive Properties
List Price
$795,000
Sold Price
$755,000
Premium/Discount to List
-$40,000
-5.03%
Current Estimated Value
$1,123,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,549
Avg. Annual Appreciation
7.96%
Original Mortgage
$566,250
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2012
Sold by
Johnson Ralph P and Johnson Edward R
Bought by
Johnson Ralph P and Schultz Carol Louise

Purchase Details

Closed on
Apr 10, 2007
Sold by
Johnson Lorraine and Johnson Family Trust
Bought by
Johnson Lorraine and Johnson Family Trust
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
Yin Roger X $755,000 First American Title
Schult Carol Louise -- First American Title
Johnson Ralph P -- None Available
Johnson Lorraine -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yin Roger X $275,016
Open Yin Rober X $555,000
Closed Yin Roger X $566,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2020 06/12/20 Sold $755,000 0.0% $495 / Sq Ft
04/28/2020 04/28/20 Pending -- -- --
04/19/2020 04/19/20 Off Market $755,000 -- --
04/04/2020 04/04/20 For Sale $795,000 -- $521 / 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 $11,162 $825,698 $716,335 $109,363
2024 $11,162 $809,509 $702,290 $107,219
2023 $10,907 $793,637 $688,520 $105,117
2022 $10,593 $778,076 $675,020 $103,056
2021 $10,388 $762,821 $661,785 $101,036
2020 $7,439 $541,870 $414,067 $127,803
2019 $7,311 $531,247 $405,949 $125,298
2018 $7,104 $520,832 $397,990 $122,842
2016 $6,834 $500,610 $382,537 $118,073
2015 $6,687 $493,091 $376,791 $116,300
2014 $6,626 $483,433 $369,411 $114,022
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20068986

California Regional Multiple Listing Service (CRMLS)

APN: 8504-003-007