NOT LISTED FOR SALE

162 E Graves Ave Monterey Park, CA 91755

Estimated Value: $911,000 - $1,004,132

3 Beds
1 Bath
1,171 Sq Ft
$817/Sq Ft Est. Value

Last Sold December 20, 2024

Last sale price $930,000 $794 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,347/month

76 Days on Market

Highlights

  • Midcentury Modern Architecture
  • View of Hills
  • No HOA
  • Repetto Elementary School Rated A
  • Wood Flooring
  • Living Room

About This Home

As of December 2024

Discover your dream home in the tranquil hills of Monterey Park! This beautifully renovated mid-century gem offers the perfect blend of classic charm and modern updates. Featuring 3 bedrooms and 1 bathroom, this home boasts some recent updates including the roof, windows, plumbing, lighting, and more. Step inside to find the elegance of refinished original hardwood floors and an abundance of natural light that creates a warm and inviting atmosphere. The brand-new kitchen is a chef's delight, showcasing sleek countertops, contemporary cabinetry, and top-of-the-line appliances. The updated bathroom offers a fresh and stylish design that adds a touch of luxury to your daily routine. Need a second bathroom? Great news! The seller is giving a credit towards the cost of installing a second bathroom. The backyard is an entertainer's paradise, offering a park-like setting surrounded by lush greenery and stunning views of rolling hills. It's an ideal space for hosting gatherings or simply enjoying peaceful outdoor moments. Situated conveniently near the freeway and local amenities, this home provides easy access while feeling like a serene retreat nestled on the hillside. The detached 2-car garage offers versatile potential, whether as a creative studio or a future ADU. Plus, there's plenty of space in the rear yard if you desire to expand the home in the future. Don't miss out on this opportunity to own a beautiful, updated home in a coveted location. Schedule a visit today and imagine the possibilities for your new life here!

Last Agent to Sell the Property

John Christopher

Compass License #01416388 Listed on: 08/21/2024

Compass

Last Buyer's Agent

Liam McNiff

eXp Realty of Greater Los Angeles License #02139699

eXp Realty of Greater Los Angeles

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 8,372 Sq Ft Lot
  • Lot Dimensions are 131x67
  • Property is zoned MPR1YY

Parking

  • 2 Car Garage

Property Views

  • Hills
  • Park or Greenbelt

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1,171 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5264-002-017

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

8,372 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1171
  • Lot Acreage: 0.1922
  • Lot Dimensions: 131x67
  • Stories: 1
  • Year Built: 1951
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Wood, Tile
  • Appliances: Range
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area
  • Laundry: Garage
  • Total Bathrooms: 1.00
  • Equipment: Dishwasher, Refrigerator, Range/Oven
  • Price Per S Q F T: 818.96

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Green Belt, Hills
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5264-002-017
  • Lot Size Area: 8372

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Nov 13, 2024
Sold by
Macias Gregory John and Macias Sandra
Bought by
Lake Seth James Earle and Lake Celina Valencia
Seller's Agent
John Christopher
Compass
Buyer's Agent
Liam McNiff
eXp Realty of Greater Los Angeles
List Price
$998,000
Sold Price
$930,000
Premium/Discount to List
-$68,000
-6.81%
Views
64
Current Estimated Value
$957,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,033
Avg. Annual Appreciation
2.32%
Original Mortgage
$725,400
Outstanding Balance
$716,398
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$240,635

Purchase Details

Closed on
Feb 12, 2024
Sold by
James Lee Padgett Living Trust
Bought by
Macias Gregory John and Macias Sandra

Purchase Details

Closed on
Jun 17, 1999
Sold by
Lee Stephen S
Bought by
Padgett James Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.2%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lake Seth James Earle $930,000 Consumers Title Company
Lake Seth James Earle $930,000 Consumers Title Company
Macias Gregory John $580,000 Orange Coast Title Company
Padgett James Lee $180,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lake Seth James Earle $725,400
Closed Lake Seth James Earle $725,400
Previous Owner Padgett James Lee $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2024 12/20/24 Sold $930,000 -3.0% $794 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
09/25/2024 09/25/24 Price Changed $959,000 -3.9% $819 / Sq Ft
08/21/2024 08/21/24 For Sale $998,000 -- $852 / Sq Ft
Source: The MLS

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 $3,761 $930,000 $807,800 $122,200
2024 $3,761 $271,204 $215,467 $55,737
2023 $3,684 $265,888 $211,243 $54,645
2022 $3,515 $260,675 $207,101 $53,574
2021 $3,467 $255,565 $203,041 $52,524
2019 $3,346 $247,987 $197,020 $50,967
2018 $3,324 $243,125 $193,157 $49,968
2016 $3,084 $233,686 $185,657 $48,029
2015 $3,035 $230,177 $182,869 $47,308
2014 $2,999 $225,669 $179,287 $46,382
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-430711

The MLS

APN: 5264-002-017

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