NOT LISTED FOR SALE

228 E Maple Ave Monrovia, CA 91016

Estimated Value: $1,316,000 - $1,758,768

6 Beds
4 Baths
2,700 Sq Ft
$544/Sq Ft Est. Value

Last Sold July 16, 2019

Last sale price $1,260,000 $467 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $9,428/month

18 Days on Market

Highlights

  • No Units Above
  • Private Yard
  • Laundry Room
  • Monrovia High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Julian Fisher Park

About This Home

As of July 2019

Located a couple of blocks from Old Town Monrovia and the Foothills. All units were completely remodeled only a few years ago and have been low maintenance. The property is made up of 4 units, (2) - 2 bedroom/1 bath units w/about 850 square feet each and (2) - 1 bedroom/1bath units w/about 650 square feet each. Each unit has a one car garage with alley access and the two front units have 1 addition storage space. Future conversion of the storage space to living space is possible with City of Monrovia approval and permits. The property also features a laundry room with coin operated washer and dryer that are included. Property has easy access to local freeway 210 and 605, and Old Town Monrovia along with the Arcadia Mall. Monrovia rentals are extremely attractive, and good tenants are easy to find.

Last Agent to Sell the Property

Kevin Drumm

Seven Gables Real Estate License #01821235 Listed on: 04/25/2019

Seven Gables Real Estate

Co-Listed By

Sean Drumm

Seven Gables Real Estate License #01821234

Last Buyer's Agent

Joe Criscione

Falcon Investment & Loans, Inc. License #01306089

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,703

Year Built

  • Built in 1960

Lot Details

  • 8,012 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • 2,700 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

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

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 1
  • Assessor Parcel Number 8515018006

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Other Expense $250
  • Trash Expense $400
  • Water Sewer Expense $1,400
  • New Taxes Expense $17,050
  • Operating Expense $21,500
  • Gross Income $150
  • Net Operating Income $49,853

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,703

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1400.00
  • Zoning: MORMPD*
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8515018006
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Price Per Square Foot: 466.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 8012.00
  • Lot Size Acres: 0.1839

Multi Family

  • Gross Income: 150.00
  • Gross Scheduled Income: 73560.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8012.0000 Square Feet
  • Net Operating Income: 49853.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 21500.00
  • Other Expense: 250.00
  • Other Expense Description: Misc
  • Other Income1: 150.00
  • Rent Control: No
  • Total Expenses: 21500.00

Tax Info

  • New Taxes Expense: 17050.00
  • Tax Census Tract: 4311.00
  • Tax Lot: 6
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2020
Sold by
Scott Raphael and Scott Megan
Bought by
Bems Llc
Current Estimated Value
$1,468,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$955,000
Outstanding Balance
$846,534
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$622,158

Purchase Details

Listed on
Apr 25, 2019
Closed on
Jul 8, 2019
Sold by
Scott Raphael and Scott Megan
Bought by
Bems Llc
Seller's Agent
Kevin Drumm
Seven Gables Real Estate
Buyer's Agent
Joe Criscione
Falcon Investment & Loans, Inc.
List Price
$1,299,000
Sold Price
$1,260,000
Premium/Discount to List
-$39,000
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.47%
Original Mortgage
$945,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2019
Sold by
Clephas Jainie Patrica and Graham Zachary Aaron
Bought by
Mackenzie Scott Ii Raphael Wesley and Mackenzie Scott Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2017
Closed on
Apr 27, 2017
Sold by
Ghibaudo German A and Diaz Eladio
Bought by
Graham Douglas J and Douglas J Graham Living Trust
Seller's Agent
German Ghibaudo
Century 21 Ludecke Inc.
Buyer's Agent
German Ghibaudo
Century 21 Ludecke Inc.
List Price
$1,195,000
Sold Price
$1,100,000
Premium/Discount to List
-$95,000
-7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.50%
Original Mortgage
$550,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2017
Sold by
Diaz Julia M
Bought by
Diaz Eladio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2016
Sold by
U S Bank National Association
Bought by
Ghibaudo German A and Diaz Eladio

Purchase Details

Closed on
Mar 28, 2016
Sold by
Ghibaudo German A and Diaz Eladio
Bought by
Ghibaudo Germa A and Diaz Eladio

Purchase Details

Closed on
Aug 19, 2015
Sold by
Lee John
Bought by
U S Bank National Association

Purchase Details

Closed on
Feb 2, 2011
Sold by
Lee John
Bought by
Jaehyun Investments Inc

Purchase Details

Closed on
Apr 29, 2005
Sold by
Ng Chiu Y
Bought by
Lee John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$538,800
Interest Rate
6.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 28, 2001
Sold by
Ng Chiu Y
Bought by
Ng Chiu Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,632
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 1999
Sold by
Ng Tresha
Bought by
Ng Chiu Y

Purchase Details

Closed on
May 12, 1999
Sold by
Coleman Marian and Estate Of Charles Wilbur Adams
Bought by
Ng Chiu Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,372
Interest Rate
7.63%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
Bems Llc -- First American Title
Scott Raphael -- First American Title
Scott Raphael -- First American Title
Bems Llc -- None Available
Scott Raphael Wesley -- Chicago Title Company
Mackenzie Scott Ii Raphael Wesley $1,260,000 Chicago Title Company
Graham Douglas J $1,100,000 Ticor Title Company Of Ca
Diaz Eladio -- Ticor Title
Barba Alfonso A -- Ticor Title
Ghibaudo German A -- Ticor Title
Ghibaudo German A $667,000 Ticor Title
Ghibaudo Germa A -- Ticor Title
U S Bank National Association $801,000 None Available
Jaehyun Investments Inc -- None Available
Lee John $673,500 United Title Company-La
Ng Chiu Y -- Investors Title Company
Ng Chiu Y -- Chicago Title
Ng Chiu Y $245,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scott Raphael $955,000
Previous Owner Mackenzie Scott Ii Raphael Wesley $945,000
Previous Owner Graham Douglas J $550,000
Previous Owner Lee John $538,800
Previous Owner Ng Chiu Y $239,632
Previous Owner Ng Chiu Y $243,372
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/16/2019 07/16/19 Sold $1,260,000 -3.0% $467 / Sq Ft
05/15/2019 05/15/19 For Sale $1,299,000 +3.1% $481 / Sq Ft
05/13/2019 05/13/19 Off Market $1,260,000 -- --
04/25/2019 04/25/19 For Sale $1,299,000 +18.1% $481 / Sq Ft
06/01/2017 06/01/17 Sold $1,100,000 -4.3% $407 / Sq Ft View Prior Sale
04/24/2017 04/24/17 Pending -- -- --
04/17/2017 04/17/17 Price Changed $1,150,000 -3.8% $426 / Sq Ft
03/21/2017 03/21/17 For Sale $1,195,000 -- $443 / 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 $20,703 $1,535,630 $998,784 $536,846
2024 $20,703 $1,505,520 $979,200 $526,320
2023 $20,233 $1,476,000 $960,000 $516,000
2022 $17,773 $1,298,513 $519,405 $779,108
2021 $17,428 $1,273,053 $509,221 $763,832
2020 $16,901 $1,260,000 $504,000 $756,000
2019 $15,481 $1,144,440 $457,776 $686,664
2018 $15,138 $1,122,000 $448,800 $673,200
2016 $11,604 $840,000 $500,000 $340,000
2015 $8,197 $571,376 $351,780 $219,596
2014 $8,132 $560,185 $344,890 $215,295
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19094391

California Regional Multiple Listing Service (CRMLS)

APN: 8515-018-006