NOT LISTED FOR SALE

308 N Terrace View Dr Monrovia, CA 91016

Estimated Value: $2,443,000 - $2,725,000

4 Beds
4 Baths
3,544 Sq Ft
$723/Sq Ft Est. Value

Last Sold July 13, 2018

Last sale price $1,710,000 $483 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $16,032/month

59 Days on Market

Highlights

  • Two Primary Bedrooms
  • Panoramic View
  • Updated Kitchen
  • Mayflower Elementary School Rated A
  • Gated Community
  • 25,865 Sq Ft lot

About This Home

As of July 2018

HUGE REDUCTION. Priced to sell. Motivated seller. Stunning VIEW home situated in the secluded gated community of Terrace View Estates. Huge 25,861 lot size. Among larger multi-million dollar properties. Gorgeous Pristine neighborhood. Endless Views from every room of the home. Features include: 4 Bedrms (2 MASTER BEDROOMS), 4 bathrms. Stunning large formal entry w/vaulted 2 story ceilings. Beautiful living rm w/custom crown moldings & a gorgeous marble fireplace. Formal Dining Rm w/french doors. Kitchen w/lots of cabinetry, Gourmet Sub-Zero Refrigerator, Kitchen Aid stainless steel appliances along w/a 6-burner gas stove, breakfast bar & dining area. Huge family Rm w/built-in entertainment center. Fabulous Full built-in Bar w/custom Copper sink, Wine refrigerator and a separate beverage refrigerator. Stunning refurbished & dramatic staircase leading to the second level. Spacious master bedrm suite w/vaulted ceilings, fireplace, amazing views, walk-in closet & master bathrm w/whirlpool tub. 3 fireplaces. 2 Central air conditioning & 2 Central heating units. Custom lighting. Water softener. Custom drapery & plantation shutters. Low E double pane windows & french doors throughout. New Insulation. Attached 3-car finished garage w/new garage door, epoxy floors &built-in cabinets. Expansive beautiful property w/Huge patios for entertaining w/lots of fruit trees. Close proximity to Pasadena, Westfield Plaza, Race Track, 12 minutes away from City of Hope , shopping & restaurants.

Last Agent to Sell the Property

Nazee Rix

COMPASS License #01210301 Listed on: 04/16/2018

COMPASS

Last Buyer's Agent

Vincent Truong

A + Realty & Mortgage License #02012064

A + Realty & Mortgage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,785

Year Built

  • Built in 1989

Lot Details

  • 0.59 Acre Lot
  • Cul-De-Sac
  • Wrought Iron Fence
  • Block Wall Fence
  • Drip System Landscaping
  • Front and Back Yard Sprinklers
  • Wooded Lot
  • Back and Front Yard
  • Property is zoned MORF*

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Two Garage Doors
  • RV Potential

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Neighborhood

Home Design

  • French Architecture
  • Turnkey
  • Interior Block Wall
  • Tile Roof
  • Concrete Roof
  • Copper Plumbing

Interior Spaces

  • 3,544 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Central Vacuum
  • Wired For Sound
  • Built-In Features
  • Bar
  • Chair Railings
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Insulated Windows
  • Plantation Shutters
  • Custom Window Coverings
  • French Mullion Window
  • Stained Glass
  • Window Screens
  • Formal Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room Balcony
  • Formal Dining Room
  • Storage
  • Center Hall
  • Attic

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Convection Oven
  • Six Burner Stove
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Tile Countertops
  • Pots and Pans Drawers
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Dressing Area
  • 4 Full Bathrooms
  • Corian Bathroom Countertops
  • Dual Sinks
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Patio
  • Terrace
  • Exterior Lighting
  • Rain Gutters
  • Front Porch

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Gas Water Heater
  • Water Purifier

Listing and Financial Details

  • Assessor Parcel Number 8503005048

Community Details

Overview

  • Terrace View Estates Association, Phone Number (626) 585-9555
  • Maintained Community

Security

  • Controlled Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,785

Year Built

Built in 1989

Lot Details

0

HOA Fees

$35 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Gated Community, Security System, Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Zoning: MORF*
  • Architectural Style: French
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 8503005048
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3544.00 Square Feet
  • Interior Amenities: Bar, Beamed Ceilings, Block Walls, Built-in Features, Cathedral Ceiling(s), Chair Railings, Copper Plumbing Full, Crown Molding, Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting, Storage, Tile Counters, Two Story Ceilings, Vacuum Central, Wet Bar, Wired for Sound
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room, In Kitchen, Separated
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 482.51
  • Room Type: Attic, Center Hall, Dressing Area, Entry, Formal Entry, Foyer, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Separate Family Room, Two Masters, Walk-In Closet
  • Window Features: Custom Covering, Double Pane Windows, Drapes, French/Mullioned, Insulated Windows, Plantation Shutters, Screens, Stained Glass
  • Bathroom Features: Shower In Tub, Corian Counters, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Jetted Tub, Separate Tub And Shower, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • View: City Lights, Mountain(s), Neighborhood, Panoramic
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Patio And Porch Features: Concrete, Patio, Porch, Front Porch, Terrace
  • Pool Private: No
  • Roof: Concrete, Tile
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Direct Garage Access, Concrete, Garage Faces Front, Garage - Single Door, Garage - Two Door, RV Potential, Side by Side
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Convection Oven, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Range Hood, Refrigerator, Trash Compactor, Vented Exhaust Fan, Water Line to Refrigerator, Water Purifier
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds, Dues Paid Annually, Controlled Access
  • Association Fee: 420.00
  • Association Fee Frequency: Annually
  • Association Name: Terrace View Estates
  • Phone: 6265859555
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Schools

  • School District: Monrovia Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Lot 20000-39999 Sqft, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Treed Lot
  • Lot Size Sq Ft: 25865.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4303.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
Jun 19, 2018
Sold by
Schultheiss Timothy and Farino Ginamarie
Bought by
Lu Jeffery and Lu Florina
Seller's Agent
Nazee Rix
COMPASS
Buyer's Agent
Vincent Truong
A + Realty & Mortgage
List Price
$1,780,000
Sold Price
$1,710,000
Premium/Discount to List
-$70,000
-3.93%
Current Estimated Value
$2,522,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$812,693
Avg. Annual Appreciation
5.90%
Original Mortgage
$1,111,500
Outstanding Balance
$965,293
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,596,987

Purchase Details

Closed on
Oct 12, 2004
Sold by
Bicos D and Bicos Kalli
Bought by
Schultheiss Timothy and Farino Ginamarie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2003
Sold by
Bicos Dino and Bicos Kalli
Bought by
Bicos D and Bicos Kalli
Source: Public Records

Range of Values:

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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
Lu Jeffery $1,710,000 Lawyers Title
Schultheiss Timothy $990,000 North American Title Company
Bicos D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Jeffery $1,111,500
Previous Owner Schultheiss Timothy $417,000
Previous Owner Schultheiss Timothy $367,000
Previous Owner Schultheiss Timothy $417,000
Previous Owner Schultheiss Timothy $470,000
Previous Owner Schultheiss Timothy $515,000
Previous Owner Schultheiss Timothy $560,800
Previous Owner Schultheiss Timothy $625,500
Previous Owner Schultheiss Timothy $50,000
Previous Owner Schultheiss Timothy $817,000
Previous Owner Schultheiss Timothy $850,000
Previous Owner Schultheiss Timothy $65,000
Previous Owner Schultheiss Timothy $792,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2018 07/13/18 Sold $1,710,000 -3.9% $483 / Sq Ft
06/28/2018 06/28/18 Price Changed $1,780,000 0.0% $502 / Sq Ft
06/28/2018 06/28/18 For Sale $1,780,000 +4.1% $502 / Sq Ft
06/14/2018 06/14/18 Pending -- -- --
06/11/2018 06/11/18 Off Market $1,710,000 -- --
05/12/2018 05/12/18 Price Changed $1,838,000 -2.6% $519 / Sq Ft
04/16/2018 04/16/18 For Sale $1,888,000 -- $533 / 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 $24,785 $1,907,535 $1,228,297 $679,238
2024 $24,785 $1,870,133 $1,204,213 $665,920
2023 $24,210 $1,833,464 $1,180,601 $652,863
2022 $23,497 $1,797,514 $1,157,452 $640,062
2021 $23,036 $1,762,269 $1,134,757 $627,512
2019 $21,907 $1,710,000 $1,101,100 $608,900
2018 $15,597 $1,212,808 $895,888 $316,920
2016 $14,982 $1,165,714 $861,100 $304,614
2015 $14,650 $1,148,205 $848,166 $300,039
2014 $14,495 $1,125,714 $831,552 $294,162
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18087254

California Regional Multiple Listing Service (CRMLS)

APN: 8503-005-048