NOT LISTED FOR SALE

155 May Ave Monrovia, CA 91016

Estimated Value: $1,068,000 - $1,355,000

4 Beds
2 Baths
1,946 Sq Ft
$626/Sq Ft Est. Value

Last Sold April 24, 2014

Last sale price $723,000 $372 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,323/month

55 Days on Market

Highlights

  • No HOA
  • Bay Window
  • Central Heating and Cooling System
  • Clifton Middle School Rated A-

About This Home

As of April 2014

This lovely duplex is located above Foothill Blvd., two blocks from the heart of Monrovia and all its shops and restaurants. Each unit has two bedrooms, and one bath with an open floor plan. Laundry hook ups inside each unit, central heat and air, and three car garage. This would be a great income property, or live in one unit, and rent out the other.

Last Agent to Sell the Property

Monica Johnson

Berkshire Hathaway HomeService License #01732392 Listed on: 01/21/2014

Berkshire Hathaway HomeService

Last Buyer's Agent

Sue Lamb

Hatlen Properties License #01455902

Hatlen Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 7,496 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Asphalt Roof

Interior Spaces

  • 1,946 Sq Ft Home
  • Bay Window

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 102
  • Tax Tract Number 4303
  • Assessor Parcel Number 8519030010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $390
  • Trash Expense $768
  • Water Sewer Expense $882
  • New Taxes Expense $9,362
  • Net Operating Income $30,156

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 882.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8519030010
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 371.53
  • Window Features: Bay Window(s)

Exterior Features

  • Pool Private: No
  • Roof: Asphalt, Composition, Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 768.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7496.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 390.00
  • Lot Size Area: 7496.0000 Square Feet
  • Net Operating Income: 30156.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 836.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9362.00
  • Tax Lot: 102
  • Tax Rate: 1.25
  • Tax Tract Number: 4303
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2014
Closed on
Apr 24, 2014
Sold by
Brown Mitchell C and Brown Kelly F
Bought by
Brown Bros
Seller's Agent
Monica Johnson
Berkshire Hathaway HomeService
Buyer's Agent
Sue Lamb
Hatlen Properties
List Price
$749,000
Sold Price
$723,000
Premium/Discount to List
-$26,000
-3.47%
Current Estimated Value
$1,217,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$494,871
Avg. Annual Appreciation
4.53%
Original Mortgage
$315,000
Outstanding Balance
$238,577
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$979,294

Purchase Details

Listed on
Jan 21, 2014
Closed on
Apr 18, 2014
Sold by
Brown Tara
Bought by
Brown Kelly F
Seller's Agent
Monica Johnson
Berkshire Hathaway HomeService
Buyer's Agent
Sue Lamb
Hatlen Properties
List Price
$749,000
Sold Price
$723,000
Premium/Discount to List
-$26,000
-3.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$238,577
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$979,294

Purchase Details

Listed on
Jan 21, 2014
Closed on
Mar 19, 2014
Sold by
Rodriguez Manuel C and Rodriguez Juliet
Bought by
Brown Mitchell C and Brown Kelly F
Seller's Agent
Monica Johnson
Berkshire Hathaway HomeService
Buyer's Agent
Sue Lamb
Hatlen Properties
List Price
$749,000
Sold Price
$723,000
Premium/Discount to List
-$26,000
-3.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$238,577
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$979,294

Purchase Details

Closed on
Feb 2, 2012
Sold by
Rodriguez Manuel C and Rodriguez Juliet
Bought by
Rodriguez Manuel C and Rodriguez Juliet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,200
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2008
Sold by
Rodriguez Manuel C and Rodriguez Juliet
Bought by
Rodriguez Manuel C and Rodriguez Juliet

Purchase Details

Closed on
Aug 23, 2007
Sold by
Long Roger and Long Christine
Bought by
Rodriguez Manuel C and Rodriguez Juliet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2007
Sold by
Long Roger and Long Christine
Bought by
Long Roger and Long Christine

Purchase Details

Closed on
Oct 27, 2003
Sold by
Baldwin Lois
Bought by
Long Roger and Long Christine

Purchase Details

Closed on
Apr 26, 1999
Sold by
Bryant James A and Bryant Marilyn A
Bought by
Long Roger and Long Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Brown Bros -- North American Title Co
Brown Kelly F -- North American Title Company
Brown Mitchell C $723,000 North American Title Co
Rodriguez Manuel C -- Nations Title
Rodriguez Manuel C -- Nations Title
Rodriguez Manuel C -- None Available
Rodriguez Manuel C -- Fswt
Long Roger -- Accommodation
Long Roger -- --
Long Roger $275,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Mitchell C $315,000
Previous Owner Rodriguez Manuel C $286,200
Previous Owner Rodriguez Manuel C $292,000
Previous Owner Long Roger $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2014 04/24/14 Sold $723,000 -3.5% $372 / Sq Ft
03/17/2014 03/17/14 Pending -- -- --
01/21/2014 01/21/14 For Sale $749,000 0.0% $385 / Sq Ft
09/01/2012 09/01/12 Rented $1,650 -8.3% --
08/29/2012 08/29/12 Under Contract -- -- --
06/20/2012 06/20/12 For Rent $1,800 -- --
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 $11,988 $886,289 $612,928 $273,361
2024 $11,988 $868,911 $600,910 $268,001
2023 $11,715 $851,875 $589,128 $262,747
2022 $11,378 $835,173 $577,577 $257,596
2021 $11,157 $818,798 $566,252 $252,546
2020 $10,817 $810,403 $560,446 $249,957
2019 $10,628 $794,513 $549,457 $245,056
2018 $10,321 $778,935 $538,684 $240,251
2016 $9,927 $748,690 $517,767 $230,923
2015 $9,710 $737,445 $509,990 $227,455
2014 $9,674 $728,000 $491,800 $236,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14015260

California Regional Multiple Listing Service (CRMLS)

APN: 8519-030-010