NOT LISTED FOR SALE

176 May Ave Monrovia, CA 91016

Estimated Value: $1,344,000 - $1,642,021

5 Beds
3 Baths
2,272 Sq Ft
$652/Sq Ft Est. Value

Last Sold June 10, 2024

Last sale price $1,550,000 $682 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $9,433/month

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 1-Story Property
  • Clifton Middle School Rated A-

About This Home

As of June 2024

Listing is for MLS records only. Seller accepted an offer before property is listed.Beautiful milti-family home located in Monrovia among single family residents. Recently renovated with central A/C in each unit.

Last Agent to Sell the Property

RAE ZHANG

RE/MAX CHAMPIONS Brokerage Phone: 626-864-1688 License #02011752 Listed on: 05/22/2024

RE/MAX CHAMPIONS

Last Buyer's Agent

RAE ZHANG

RE/MAX CHAMPIONS Brokerage Phone: 626-864-1688 License #02011752 Listed on: 05/22/2024

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,272

Year Built

  • Built in 1941

Lot Details

  • 6,281 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,272 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 82
  • Tax Tract Number 1
  • Assessor Parcel Number 8519031004
  • $1 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,272

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 516667
  • Property Attached: Yes
  • Zoning: MORM*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 8519031004
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 682.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6281.00
  • Lot Size Acres: 0.1442
  • Latitude Manual: 34.15405000

Multi Family

  • Lot Size Area: 6281.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4303.02
  • Tax Lot: 82
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
Jun 3, 2024
Sold by
Yang Jie
Bought by
Zhang Li
Seller's Agent
RAE ZHANG
RE/MAX CHAMPIONS
Buyer's Agent
RAE ZHANG
RE/MAX CHAMPIONS
List Price
$1,550,000
Sold Price
$1,550,000
Current Estimated Value
$1,482,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$67,745
Avg. Annual Appreciation
1.61%
Original Mortgage
$930,000
Outstanding Balance
$920,463
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$659,495

Purchase Details

Closed on
Aug 10, 2021
Sold by
Gasparini Cheryl Ann
Bought by
Tadevossian Misak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
2.7%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 25, 2019
Sold by
The Roy And Cheryl Gasparini Trust
Bought by
Gasparini Cheryl Ann

Purchase Details

Closed on
Sep 19, 2002
Sold by
Richter Wolfgang Karl and Richter Wolfgang K
Bought by
Gasparini Roy and Gasparini Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.95%

Purchase Details

Closed on
Feb 14, 1999
Sold by
Richter Wolfgang K and Richter Maria
Bought by
Richter Wolfgang Karl and The Wolfgang K & Maria L Richt
Source: Public Records

Range of Values:

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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
Zhang Li -- Wfg National Title
Zhang Li $1,550,000 Wfg National Title
Tadevossian Misak $840,000 Chicago Title Company
Tadevossian Misak -- Chicago Title Company
Gasparini Cheryl Ann -- Pacific Coast Title
Gasparini Roy $340,000 Southland Title Company
Richter Wolfgang Karl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Li $930,000
Previous Owner Tadevossian Misak $840,000
Previous Owner Gasparini Roy $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2024 06/10/24 Sold $1,550,000 0.0% $682 / Sq Ft
05/22/2024 05/22/24 For Sale $1,550,000 -- $682 / 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 $16,272 $1,581,000 $918,000 $663,000
2024 $16,272 $1,186,056 $593,028 $593,028
2023 $15,900 $1,162,800 $581,400 $581,400
2022 $15,440 $1,140,000 $570,000 $570,000
2021 $6,764 $454,917 $334,503 $120,414
2020 $6,574 $450,254 $331,074 $119,180
2019 $6,465 $441,427 $324,583 $116,844
2018 $6,299 $432,772 $318,219 $114,553
2016 $6,054 $415,968 $305,863 $110,105
2015 $5,928 $409,721 $301,269 $108,452
2014 $5,881 $401,696 $295,368 $106,328
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24104094

California Regional Multiple Listing Service (CRMLS)

APN: 8519-031-004