NOT LISTED FOR SALE

227 Melrose Ave Monrovia, CA 91016

Monrovia Area
6 Beds
6 Baths
3,172 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: July 2, 2015

Last sale price $1,100,000 $347 Per Sq Ft

183 Days on Market

Highlights

  • Wooded Lot
  • No HOA
  • Bungalow
  • Mayflower Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Foothills

About This Home

As of July 2015

North Monrovia, Court Yard Style Bungalows, 4 detached plus Duplex, Storages in Rear, New Roofs, Cooper Plumbing, 12,109 SF Lot

Last Agent to Sell the Property

Robert Bodkin

BODKIN CO., REALTORS License #00543199 Listed on: 12/16/2014

Last Buyer's Agent

Robert Bodkin

BODKIN CO., REALTORS License #00543199 Listed on: 12/16/2014

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 12,075 Sq Ft Lot
  • 1 Common Wall
  • Wooded Lot
  • Garden
  • Density is 11-15 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,172 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Tax Lot 2
  • Tax Tract Number 4303
  • Assessor Parcel Number 8504005023

Community Details

Overview

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

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $10
  • Gardener Expense $1,500
  • Insurance Expense $2,285
  • Maintenance Expense $2,500
  • Trash Expense $1,550
  • Water Sewer Expense $1,700
  • New Taxes Expense $17,475
  • Gross Income $6,042
  • Net Operating Income $71,556

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0.28 Acres

Parking

5

Listing Details

  • CapRate: 0.47
  • Improvements Percent: 36.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1700.00
  • Zoning: Mo RI
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 8504005023
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Electric, Gas
  • Levels: One
  • Price Per Square Foot: 346.78

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 1550.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Value Percent: 54.00
  • Lot Features: 11-15 Units/Acre, Garden, Treed Lot
  • Lot Size Sq Ft: 12075.00
  • Price Per Lot Square Foot: 91.10
  • Lot Size Acres: 0.2770

Rental Info

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

Multi Family

  • Average1 Bed Area: 540
  • Electric Expense: 10.00
  • Gross Income: 6042.00
  • Gross Multiplier: 19.00
  • Gross Scheduled Income: 76656.00
  • Gross Spendable Income: 40863.00
  • Insurance Expense: 2285.00
  • Lot Size Area: 12075.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Maintenance Percent: 3.40
  • Net Operating Income: 71556.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 3000.00
  • Operating Expense Percent: 6.00
  • Rent Control: No
  • Total Actual Rent: 6140.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17475.00
  • Tax Lot: 2
  • Tax Tract Number: 4303
  • Tax Year: 2014

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2022
Sold by
Bought by

Purchase Details

Listed on
Dec 16, 2014
Closed on
Jun 30, 2015
Sold by
Bought by
Seller's Agent
Robert Bodkin
BODKIN CO., REALTORS
Buyer's Agent
Robert Bodkin
BODKIN CO., REALTORS
List Price
$1,398,000
Sold Price
$1,100,000
Premium/Discount to List
-$298,000
-21.32%

Purchase Details

Listed on
Dec 16, 2014
Closed on
Jun 17, 2015
Sold by
Bought by
Seller's Agent
Robert Bodkin
BODKIN CO., REALTORS
Buyer's Agent
Robert Bodkin
BODKIN CO., REALTORS
List Price
$1,398,000
Sold Price
$1,100,000
Premium/Discount to List
-$298,000
-21.32%

Purchase Details

Closed on
Nov 5, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 10, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Monrovia, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,700,000 Fidelity National Title
$1,100,000 Chicago Title Company
-- Accommodation
$550,000 Fatcola
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $885,000
Previous Owner $290,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/02/2015 07/02/15 Sold $1,100,000 -21.3% $347 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
12/16/2014 12/16/14 For Sale $1,398,000 -- $441 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $25,561 $1,804,053 $1,353,040 $451,013
2024 $25,019 $1,768,680 $1,326,510 $442,170
2023 $24,463 $1,734,000 $1,300,500 $433,500
2022 $17,800 $1,227,067 $669,309 $557,758
2021 $17,463 $1,203,008 $656,186 $546,822
2020 $16,964 $1,190,674 $649,458 $541,216
2019 $16,678 $1,167,328 $636,724 $530,604
2018 $16,311 $1,144,440 $624,240 $520,200
2016 $15,668 $1,100,000 $600,000 $500,000
2015 $10,001 $650,643 $414,048 $236,595
2014 $9,934 $637,899 $405,938 $231,961
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14259369

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.