NOT LISTED FOR SALE

232 E Lemon Ave Monrovia, CA 91016

Estimated Value: $1,316,000 - $1,624,000

4 Beds
4 Baths
2,565 Sq Ft
$585/Sq Ft Est. Value

Last Sold March 18, 2020

Last sale price $1,035,000 $404 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,123/month

71 Days on Market

Highlights

  • Cape Cod Architecture
  • Two Homes on a Lot
  • Forced Air Heating and Cooling System
  • Mayflower Elementary School Rated A
  • Laundry Room
  • 4-minute walk to Rotary Park

About This Home

As of March 2020

This duplex built in 1989 is a potential investment opportunity. Each townhouse style unit contains 2 bedrooms, 2 baths, fireplace, inside laundry, stainless steel appliances, central HVAC, private patio and its own two car detached garage. The property also features a common area back yard and is just a few blocks from charming Old Town Monrovia's restaurants and shopping.

Last Agent to Sell the Property

Joseph Reed

Sotheby's International Realty License #01050805 Listed on: 01/06/2020

Sotheby's International Realty

Last Buyer's Agent

Jun Lau

RE/MAX PREMIER/ARCADIA License #01380751

RE/MAX PREMIER/ARCADIA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 8,000

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Cape Cod Architecture
  • Property Attached
  • Slab Foundation
  • Frame Construction
  • Stucco

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Carpet

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • 8,000 Sq Ft Lot
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • Assessor Parcel Number 8516021006

Community Details

Overview

  • 4 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $130
  • Trash Expense $80
  • Water Sewer Expense $150

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 150.00
  • Zoning: MORM*
  • Architectural Style: Cape Cod
  • Property Type: Residential Income
  • Gardener Expense: 130.00
  • Parcel Number: 8516021006
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Gas, Living Room
  • Levels: Two
  • Room Type: All Bedrooms Up

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Disposal, Refrigerator
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: In Closet, Washer Included, Dryer Included
  • Trash Expense: 80.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8000.00
  • Lot Size Acres: 0.1837

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity

Multi Family

  • Average2 Bed Area: 1282 Square Feet
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8000.0000 Square Feet
  • 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: 4
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2024
Sold by
Huang Ritang and Huang Xiaofeng
Bought by
Huang Xiaofeng
Current Estimated Value
$1,501,491

Purchase Details

Listed on
Jan 6, 2020
Closed on
Feb 13, 2020
Sold by
Austin Michael J and Austin Dana L
Bought by
Huang Ritang and Huang Xiaofeng
Seller's Agent
Joseph Reed
Sotheby's International Realty
Buyer's Agent
Jun Lau
RE/MAX PREMIER/ARCADIA
List Price
$1,100,000
Sold Price
$1,035,000
Premium/Discount to List
-$65,000
-5.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%
Original Mortgage
$621,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2005
Sold by
Austin Michael J
Bought by
Austin Michael J and Austin Dana L

Purchase Details

Closed on
Dec 8, 1999
Sold by
Austin Suzanne D
Bought by
Austin Suzanne Debus and Suzanne Debus Austin 1999 Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Huang Xiaofeng -- None Listed On Document
Huang Ritang $1,035,000 Chicago Title Company
Austin Michael J -- --
Austin Suzanne Debus -- --
Austin Suzanne Debus -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Huang Ritang $621,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2020 03/18/20 Sold $1,035,000 -5.9% $404 / Sq Ft
01/06/2020 01/06/20 For Sale $1,100,000 -- $429 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $15,067 $1,131,918 $541,352 $590,566
2024 $15,067 $1,109,725 $530,738 $578,987
2023 $14,722 $1,087,967 $520,332 $567,635
2022 $14,293 $1,066,635 $510,130 $556,505
2021 $14,012 $1,045,722 $500,128 $545,594
2020 $7,108 $511,253 $263,875 $247,378
2019 $6,987 $501,229 $258,701 $242,528
2018 $6,792 $491,402 $253,629 $237,773
2016 $6,520 $472,322 $243,781 $228,541
2015 $6,381 $465,229 $240,120 $225,109
2014 $6,324 $456,117 $235,417 $220,700
Source: Public Records

Agents Affiliated with this Home

  • Joseph Reed

    Seller's Agent in 2020

    Joseph Reed

    Sotheby's International Realty

    (626) 396-3925

    23 Total Sales

    Joseph Reed
    Section Image
  • Jun Lau

    Buyer's Agent in 2020

    Jun Lau

    RE/MAX

    (626) 290-2999

    1 in this area

    16 Total Sales

    Jun Lau
    Section Image
See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-820000047

Pasadena-Foothills Association of REALTORS®

APN: 8516-021-006

California Los Angeles County Monrovia 91016

232 E Lemon Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes