NOT LISTED FOR SALE

317 E Palm Ave Monrovia, CA 91016

Estimated Value: $1,059,000 - $1,388,000

7 Beds
3 Baths
2,656 Sq Ft
$487/Sq Ft Est. Value

Last Sold December 22, 2014

Last sale price $735,000 $277 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $7,931/month

11 Days on Market

Highlights

  • No Units Above
  • Open Floorplan
  • No HOA
  • Clifton Middle School Rated A-
  • Bonus Room
  • 2-minute walk to Rotary Park

About This Home

As of December 2014

3 Nice Bread & Butter Units. Separate front house has 3 bedrooms/1.25 bathroom, nice yard & patio area, 1-car detached garage. Built in 1907.

Duplex: 2 bedrooms/1bathroom, kitchen, living room, small patio area, and a 1-car detached garage each. Built 1961/Assessor.

Location is great for shopping, transportation, schools, churches, parks, and YMCA.

Trust Sale: sold "as is" condition - seller will make no repairs or give any credit - will provide termite report only.

Assessor and title are showing a total of 6 bedrooms/3 bathrooms for this property. Buyer to satisfy themselves regarding
permits and square footage.

Last Agent to Sell the Property

Sue Orme

Coldwell Banker Realty Pasadena License #00685650 Listed on: 12/10/2014

Coldwell Banker Realty Pasadena

Co-Listed By

David Booth

The Jireh Group License #01338351

Last Buyer's Agent

Watson Yeh

EZ MAX REALTY License #01335596

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,164 Sq Ft Lot
  • Property fronts an alley
  • No Units Above
  • End Unit
  • 1 Common Wall
  • Partially Fenced Property
  • Wood Fence
  • Chain Link Fence

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,656 Sq Ft Home
  • Open Floorplan
  • Living Room
  • Bonus Room
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot A,C
  • Assessor Parcel Number 8516009013

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,160
  • Trash Expense $780
  • Water Sewer Expense $1,126
  • New Taxes Expense $3,087
  • Net Operating Income $20,710

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

8,164 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1126.00
  • Property Type: Residential Income
  • Parcel Number: 8516009013
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Common Walls: 1 Common Wall, End Unit, No One Above
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 276.73
  • Room Type: Bonus Room, Living Room

Exterior Features

  • Foundation: Slab, Raised
  • Fencing: Chain Link, Partial, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Wall Furnace
  • Trash Expense: 780.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Size Sq Ft: 8164.00
  • Lot Size Acres: 0.1870

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 21490.00
  • Insurance Expense: 1160.00
  • Lot Size Area: 8164.0000 Square Feet
  • Net Operating Income: 20710.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Patio: 3
  • Operating Expense: 780.00
  • Rent Control: No
  • Total Actual Rent: 915.00

Tax Info

  • New Taxes Expense: 3087.00
  • Tax Lot: A,C
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2018
Sold by
Kwan Wing Kwong Chow and He Yunyi
Bought by
Kwan Wing Kwong Chow and He Yunyi
Current Estimated Value
$1,293,118

Purchase Details

Listed on
Dec 10, 2014
Closed on
Dec 18, 2014
Sold by
Walpus Evelyn G and Walpus Ronald E
Bought by
He Kwan Wing Kwong Chow and He Ou Yun Yi
Seller's Agent
Sue Orme
Coldwell Banker Realty Pasadena
Buyer's Agent
Watson Yeh
EZ MAX REALTY
List Price
$635,000
Sold Price
$735,000
Premium/Discount to List
$100,000
15.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kwan Wing Kwong Chow -- None Available
He Kwan Wing Kwong Chow $735,000 Equity Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2014 12/22/14 Sold $735,000 +15.7% $277 / Sq Ft
12/11/2014 12/11/14 Pending -- -- --
11/30/2014 11/30/14 For Sale $635,000 -- $239 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,252 $883,349 $600,920 $282,429
2024 $12,252 $866,030 $589,138 $276,892
2023 $11,978 $849,050 $577,587 $271,463
2022 $11,638 $832,403 $566,262 $266,141
2021 $11,408 $816,082 $555,159 $260,923
2020 $11,069 $807,915 $549,467 $258,448
2019 $10,878 $792,079 $538,694 $253,385
2018 $10,600 $776,553 $528,132 $248,421
2016 $10,192 $746,208 $507,625 $238,583
2015 $9,972 $735,000 $500,000 $235,000
2014 $3,085 $174,012 $72,442 $101,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14250324

California Regional Multiple Listing Service (CRMLS)

APN: 8516-009-013

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