NOT LISTED FOR SALE

202 N Myrtle Ave Monrovia, CA 91016

Estimated Value: $1,104,000 - $1,301,493

4 Beds
2 Baths
1,750 Sq Ft
$681/Sq Ft Est. Value

Last Sold March 23, 2018

Last sale price $795,000 $454 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $7,360/month

13 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • No HOA
  • Mayflower Elementary School Rated A
  • Corner Lot
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2018

North Monrovia Two on a Lot! This charming character property has 2 homes on the lot (duplex). The plantation style front home has 3 bedroom and 1 bath and 1144 sf (assessor). The back house has 1 bedroom, 1 bath, 606sf (assessor), storage garage and fenced yard. Solid income property, live in one and rent the other, lots of opportunity with upside on rents. Excellent location in North Monrovia walking distance to Old Town Monrovia shops, library, public transportation and restaurants.

Last Agent to Sell the Property

Kris Mathison

K&M Realty License #01444096 Listed on: 02/09/2018

K&M Realty

Last Buyer's Agent

Lucy Mao

COMPASS License #01779052

COMPASS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,145

Year Built

  • Built in 1921

Lot Details

  • 7,279 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Wood Fence
  • Corner Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Open Parking Space
  • 1 Car Garage

Home Design

  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 1,750 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Microwave

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 4303
  • Tax Tract Number 69
  • Assessor Parcel Number 8519025033

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $660
  • Trash Expense $600
  • Water Sewer Expense $1,080
  • New Taxes Expense $10,730
  • Operating Expense $15,050
  • Gross Income $39,420
  • Net Operating Income $24,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,145

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • CapRate: 3.00
  • Other Phone Description: Kris
  • Other Phone Number: 818-429-1092
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1080.00
  • Zoning: MORH*
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8519025033
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Vinyl, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 454.29

Exterior Features

  • Direction Faces: West
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Microwave
  • Heating Type: Natural Gas
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Foothills, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard
  • Lot Size Sq Ft: 7279.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 606 Square Feet
  • Average3 Bed Area: 1144 Square Feet
  • Gross Income: 39420.00
  • Gross Scheduled Income: 39420.00
  • Insurance Expense: 660.00
  • Net Operating Income: 24370.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 15050.00
  • Rent Control: No
  • Total Actual Rent: 3285.00
  • Total Expenses: 15050.00

Tax Info

  • New Taxes Expense: 10730.00
  • Tax Census Tract: 4303.02
  • Tax Lot: 4303
  • Tax Tract Number: 69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2019
Sold by
Tu Stanley and Tu Marinda
Bought by
Tu Stanley and Tu Marinda
Current Estimated Value
$1,192,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Outstanding Balance
$500,237
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$692,386

Purchase Details

Closed on
Sep 8, 2018
Sold by
Tu Stanley and Tu Marinda
Bought by
Tu Stanley and Tu Marinda

Purchase Details

Listed on
Feb 9, 2018
Closed on
Mar 12, 2018
Sold by
Scholvinck Fedor and Scholvinck Sarah
Bought by
Tu Stanley and Tu Marinda
Seller's Agent
Kris Mathison
K&M Realty
Buyer's Agent
Lucy Mao
COMPASS
List Price
$785,000
Sold Price
$795,000
Premium/Discount to List
$10,000
1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%
Original Mortgage
$580,150
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2012
Closed on
Aug 14, 2012
Sold by
Martinez Victor G and Sacramento Rachel M
Bought by
Scholvinck Fedor and Scholvinck Sarah
Seller's Agent
Karen Taylor
Coldwell Banker Realty
Buyer's Agent
Kris Mathison
K&M Realty
List Price
$528,000
Sold Price
$475,000
Premium/Discount to List
-$53,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.80%
Original Mortgage
$380,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2001
Sold by
Martinez Marciano and Martinez Raquel G
Bought by
Martinez Marciano and Martinez Raquel G
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
Tu Stanley -- Pacific Coast Title Company
Tu Stanley -- Pacific Coast Title Company
Tu Stanley -- None Available
Tu Stanley $795,000 Lawyers Title
Scholvinck Fedor $475,000 Chicago Title Company
Martinez Marciano -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tu Stanley $570,000
Closed Tu Stanley $580,150
Previous Owner Scholvinck Fedor $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/23/2018 03/23/18 Sold $795,000 +1.3% $454 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
01/31/2018 01/31/18 For Sale $785,000 0.0% $449 / Sq Ft
11/01/2012 11/01/12 Rented $1,750 -2.8% --
10/17/2012 10/17/12 Under Contract -- -- --
09/20/2012 09/20/12 For Rent $1,800 0.0% --
09/19/2012 09/19/12 Sold $475,000 -4.8% $271 / Sq Ft View Prior Sale
07/30/2012 07/30/12 Pending -- -- --
07/11/2012 07/11/12 Price Changed $498,888 -5.5% $285 / Sq Ft
05/04/2012 05/04/12 For Sale $528,000 -- $302 / 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 $12,145 $904,570 $512,020 $392,550
2024 $12,145 $886,834 $501,981 $384,853
2023 $11,868 $869,446 $492,139 $377,307
2022 $11,524 $852,399 $482,490 $369,909
2021 $11,300 $835,686 $473,030 $362,656
2020 $10,954 $827,118 $468,180 $358,938
2019 $10,760 $810,900 $459,000 $351,900
2018 $7,024 $514,070 $432,903 $81,167
2016 $6,753 $494,110 $416,094 $78,016
2015 $6,608 $486,689 $409,844 $76,845
2014 $6,547 $477,156 $401,816 $75,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18032086

California Regional Multiple Listing Service (CRMLS)

APN: 8519-025-033