NOT LISTED FOR SALE

151 N Magnolia Ave Monrovia, CA 91016

Estimated Value: $1,196,000 - $1,345,671

4 Beds
2 Baths
1,630 Sq Ft
$776/Sq Ft Est. Value

Last Sold September 13, 2023

Last sale price $1,150,000 $706 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $8,231/month

4 Days on Market

Highlights

  • Mountain View
  • Private Yard
  • Foothills
  • Mayflower Elementary School Rated A
  • Park
  • Central Heating and Cooling System

About This Home

As of September 2023

Two free standing residential units north of Foothill. 2 bedroom, 1 bath ground level home plus a 2 bedroom, 1 bath rear unit. Located in a residential neighborhood both units are vacant, have separate electric and gas meters and each have laundry hookups. Walk to shopping and old town. Small private yard behind the rear unit.

Last Agent to Sell the Property

Norm Haley

Norm Haley Real Estate License #00528924 Listed on: 08/17/2023

Co-Listed By

Jennie Green

Norm Haley Real Estate License #02057091

Last Buyer's Agent

Stephanie Younger

Compass License #01365696

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,616

Year Built

  • Built in 1958

Lot Details

  • 6,171 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Private Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Two Garage Doors

Interior Spaces

  • 1,630 Sq Ft Home
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 430
  • Assessor Parcel Number 8504003004

Community Details

Overview

  • 2 Buildings
  • Foothills

Recreation

  • Park
  • Dog Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $1,400
  • Water Sewer Expense $1,500
  • Operating Expense $4,500
  • Gross Income $67,080
  • Net Operating Income $62,589

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,616

Year Built

Built in 1958

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 8504003004
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: No
  • Levels: One, Two
  • Price Per Square Foot: 671.78

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Two Door, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 1400.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Dog Park, Park, Foothills

Lot Info

  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6171.00
  • Lot Size Acres: 0.1417

Multi Family

  • Gross Income: 67080.00
  • Gross Scheduled Income: 5590.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6171.0000 Square Feet
  • Net Operating Income: 62589.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Operating Expense: 4500.00
  • Rent Control: No
  • Total Expenses: 4500.00

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 430...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2024
Sold by
Sures Benjamin Hardin and Sures Rachel Nicole
Bought by
Phase2homes Llc
Current Estimated Value
$1,265,668

Purchase Details

Closed on
Sep 19, 2008
Sold by
Williams Baxter V
Bought by
Williams Baxter and Baxter Williams Trust

Purchase Details

Closed on
Nov 27, 2007
Sold by
Haley Norman and Cheng Tria Diana
Bought by
Williams Baxter V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
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
Phase2homes Llc -- Pacific Coast Title
Williams Baxter -- None Available
Williams Baxter V $725,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Baxter V $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2023 09/13/23 Sold $1,150,000 +5.0% $706 / Sq Ft
08/17/2023 08/17/23 For Sale $1,095,000 -- $672 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $15,616 $1,266,000 $676,000 $590,000
2024 $15,616 $1,150,000 $625,000 $525,000
2023 $12,445 $915,311 $568,126 $347,185
2022 $12,084 $897,365 $556,987 $340,378
2021 $11,850 $879,770 $546,066 $333,704
2020 $10,859 $820,000 $509,000 $311,000
2019 $10,124 $760,000 $533,000 $227,000
2018 $10,062 $760,000 $533,000 $227,000
2016 $9,128 $686,000 $481,500 $204,500
2015 $8,662 $654,000 $459,000 $195,000
2014 $8,088 $602,000 $422,500 $179,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-14762

Pasadena-Foothills Association of REALTORS®

APN: 8504-003-004