NOT LISTED FOR SALE

244 N Willow Ave West Covina, CA 91790

Estimated Value: $1,285,000 - $1,501,000

5 Beds
4 Baths
2,748 Sq Ft
$511/Sq Ft Est. Value

Last Sold December 08, 2020

Last sale price $1,068,000 $389 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $8,952/month

9 Days on Market

Highlights

  • RV Access or Parking
  • Two Primary Bedrooms
  • Two Primary Bathrooms
  • Edgewood High School Rated A-
  • 0.48 Acre Lot
  • Living Room with Fireplace

About This Home

As of December 2020

Two fabulous separate homes on one huge lot. Front house (tenant occupied) consists of living room w/ brick fireplace, dining area that opens to the backyard. kitchen w/ tile counter, 1 en-suite bedroom with shower and 2 additional bedrooms with 1 full bath. This house has it's own private large backyard & 2-car garage. Rear house is owner occupied and will be delivered vacant. The home is comprised of spacious living room with fireplace, dining room that can accommodate large gatherings & a separate den with decorative fireplace. Kitchen has built-in microwave, electric range/oven & plenty of storage cabinets. Laundry area is adjacent to the kitchen. A master bedroom w/ full bath, 2 additional bedrooms, office and another bathroom with shower. Spacious attic can be used for storage. Very large backyard with open patio, 4-car garage, RV access plus a workroom and a shed. Great property that has so much to offer.

Last Agent to Sell the Property

Charles Picker

I.X.A. License #00414181 Listed on: 09/21/2020

Last Buyer's Agent

Ting Chu

IRN REALTY License #01912651

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,012

Year Built

  • Built in 1924

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 85x250

Parking

  • 6 Car Garage
  • Driveway
  • On-Street Parking
  • RV Access or Parking

Home Design

  • Bungalow
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,748 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room
  • Den with Fireplace

Kitchen

  • Oven or Range
  • Gas and Electric Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Double Master Bedroom
  • Two Primary Bathrooms
  • 4 Bathrooms
  • <<tubWithShowerToken>>

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Open Patio
  • Shed

Utilities

  • Central Heating

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 8459-024-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,012

Year Built

Built in 1924

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 2748
  • Lot Acreage: 0.4815
  • Lot Dimensions: 85x250
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 49
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room, Den
  • Appliances: Built-In And Free Standing, Free Standing Electric, Gas/Electric Range, Microwave
  • Bedrooms: 5
  • Bedroom Features: 2 Master Bedrooms
  • Bathroom Features: 2 Master Baths, Shower and Tub, Shower Stall
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Den: 1
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator
  • Price Per S Q F T: 352.26

Exterior Features

  • Other Features: Two On A Lot
  • Other Structures: Shed(s)
  • Patio: Patio Open, Concrete Slab
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 6
  • Covered Parking: 6
  • Garage Structures: 2
  • Parking Garage: Driveway, Garage - 4+ Car, Garage Is Detached, On street, RV Access
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Number Water Meters: 1
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 76.70
  • Assessed Improvement Value: 241334
  • Assessed Land Percent: 23.3
  • Assessed Land Value: 73328
  • Total Assessed Value: 314662
  • Assessor Parcel Number: 8459-024-026
  • Lot Size Area: 20975

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.67
  • Number Of Units: 2
  • Total Annual Expense: 9870
  • Type Of Units: 2 units
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2020
Sold by
Gibas Joseph R and Gibas Judith C
Bought by
Zhang Chao Neng and Feng Li Hua
Current Estimated Value
$1,405,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2010
Sold by
Gibas Joseph R and Gibas Judith C
Bought by
Gibas Joseph R and Gibas Judith C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,500
Interest Rate
4.23%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
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 Chao Neng $1,068,000 Fidelity National Title Co
Gibas Joseph R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhang Chao Neng $738,000
Previous Owner Gibas Joseph R $772,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2020 12/08/20 Sold $1,068,000 +10.3% $389 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
09/21/2020 09/21/20 For Sale $968,000 -- $352 / Sq Ft
Source: The MLS

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
2024 $14,012 $1,133,369 $742,845 $390,524
2023 $13,301 $1,111,147 $728,280 $382,867
2022 $13,426 $1,089,360 $714,000 $375,360
2021 $13,048 $1,068,000 $700,000 $368,000
2020 $4,728 $333,918 $77,814 $256,104
2019 $4,590 $327,372 $76,289 $251,083
2018 $4,246 $320,954 $74,794 $246,160
2016 $3,853 $308,493 $71,891 $236,602
2015 $3,791 $303,861 $70,812 $233,049
2014 $3,782 $297,909 $69,425 $228,484
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-635712

The MLS

APN: 8459-024-026