NOT LISTED FOR SALE

215 E Emerson Ave Monterey Park, CA 91755

Estimated Value: $901,260 - $1,110,000

4 Beds
2 Baths
1,492 Sq Ft
$698/Sq Ft Est. Value

Last Sold January 08, 2015

Last sale price $620,000 $416 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $6,493/month

73 Days on Market

About This Home

As of January 2015

2 Houses On A Lot. Central location in Monterey Park, walking distance to supermarket, restaurant, bank, bus, etc. Front house has 2 bedroom/1 bathroom (868 Sf ) , Rear house has 1 bedroom plus a Den /1 bathroom ( 624 Sf ) . Lots of parking spaces in between two houses. Drive by only , offers subject to inspection, do not disturb tenant.

Last Agent to Sell the Property

John Yang

IRN Realty License #00752742 Listed on: 09/12/2014

IRN Realty

Last Buyer's Agent

John Yang

IRN Realty License #00752742 Listed on: 09/12/2014

IRN Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,805

Year Built

  • Built in 1956

Lot Details

  • 6,230 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,492 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 70
  • Tax Tract Number 4817
  • Assessor Parcel Number 5255015024

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
  • Gross Income $2,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,805

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 5255015024
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 415.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6230.00
  • Lot Size Acres: 0.1430

Multi Family

  • Gross Income: 2800.00
  • Lot Size Area: 6230.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 70
  • Tax Tract Number: 4817
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2014
Closed on
Dec 2, 2014
Sold by
Kmlin Llc
Bought by
Zhang Wendan
Seller's Agent
John Yang
IRN Realty
Buyer's Agent
John Yang
IRN Realty
List Price
$680,000
Sold Price
$620,000
Premium/Discount to List
-$60,000
-8.82%
Current Estimated Value
$1,041,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,565
Avg. Annual Appreciation
5.01%
Original Mortgage
$440,000
Interest Rate
3.96%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Sep 12, 2014
Closed on
Nov 24, 2014
Sold by
Zhang Zhi Qiang
Bought by
Zhang Wendan
Seller's Agent
John Yang
IRN Realty
Buyer's Agent
John Yang
IRN Realty
List Price
$680,000
Sold Price
$620,000
Premium/Discount to List
-$60,000
-8.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3.96%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
May 9, 2012
Closed on
Jul 23, 2012
Sold by
Tieu Lisa and Young David
Bought by
Kmlin Llc
Seller's Agent
John Yang
IRN Realty
Buyer's Agent
John Yang
IRN Realty
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.06%

Purchase Details

Closed on
Nov 9, 2005
Sold by
Cheng Michael
Bought by
Young Cynthia

Purchase Details

Closed on
Jun 6, 2005
Sold by
Tieu Lisa and Loi Carolyn
Bought by
Tieu Lisa and Young Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2002
Sold by
Loi Carolyn
Bought by
Young David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
6.43%

Purchase Details

Closed on
May 21, 2001
Sold by
Thai Mayann and Wong Tandy
Bought by
Tieu Lisa and Young David

Purchase Details

Closed on
Apr 2, 1999
Sold by
Vanyoung David
Bought by
Thai Mayann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,800
Interest Rate
6.91%

Purchase Details

Closed on
Mar 23, 1999
Sold by
Young Johnson
Bought by
Tieu Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,800
Interest Rate
6.91%

Purchase Details

Closed on
Feb 25, 1999
Sold by
Family Trust Hsiao Paul T And Katherine Trs H
Bought by
Tieu Lisa and Vanyoung David Van

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,800
Interest Rate
6.91%
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
Zhang Wendan $620,000 Title 365
Zhang Wendan -- Title 365
Kmlin Llc $480,004 Fidelity National Title Co
Young Cynthia -- --
Tieu Lisa -- Southland Title
Tieu Lisa -- Southland Title
Young David -- Southland Title Corporation
Tieu Lisa -- --
Thai Mayann -- --
Tieu Lisa -- North American Title Co
Tieu Lisa $176,363 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Wendan $455,000
Closed Zhang Wendan $150,000
Closed Zhang Wendan $440,000
Previous Owner Tieu Lisa $260,000
Previous Owner Young David $157,000
Previous Owner Tieu Lisa $140,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2015 01/08/15 Sold $620,000 -8.8% $416 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $680,000 +41.7% $456 / Sq Ft
07/30/2012 07/30/12 Sold $480,000 -3.0% $322 / Sq Ft
05/15/2012 05/15/12 Pending -- -- --
05/09/2012 05/09/12 For Sale $495,000 -- $332 / 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 $9,805 $745,137 $300,457 $444,680
2024 $9,805 $730,527 $294,566 $435,961
2023 $9,608 $716,204 $288,791 $427,413
2022 $9,156 $702,162 $283,129 $419,033
2021 $9,050 $688,395 $277,578 $410,817
2020 $8,998 $681,337 $274,732 $406,605
2019 $8,730 $667,979 $269,346 $398,633
2018 $8,690 $654,882 $264,065 $390,817
2016 $8,054 $629,454 $253,812 $375,642
2015 $6,377 $491,812 $358,613 $133,199
2014 -- $482,179 $351,589 $130,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14196925

California Regional Multiple Listing Service (CRMLS)

APN: 5255-015-024