NOT LISTED FOR SALE

347 W Palm Ave Monrovia, CA 91016

Estimated Value: $858,000 - $994,000

2 Beds
2 Baths
1,550 Sq Ft
$600/Sq Ft Est. Value

Last Sold October 13, 2022

Last sale price $760,000 $490 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,848/month

23 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Bonus Room
  • Monrovia High School Rated A
  • Main Floor Bedroom
  • Corner Lot

About This Home

As of October 2022

This charming 1948 Traditional residence awaits your ideas and plans. The home offers a wonderful floor plan and nice detailing, but is in need of updating and remodeling. The home opens to a light and bright formal living room with fireplace and a separate formal dining room, both with hardwood floors, wood windows and coffered ceilings. The kitchen has wood cabinets, tile countertops, stove, refrigerator, dishwasher, pendant and recessed lighting, and an adjacent breakfast room with beadboard. The home has 2 bedrooms, 2 bathrooms, and a large bonus room which can be used as a third bedroom or family room. Other amenities include 1,550 square feet of living space, a separate laundry room with washer and dryer, recessed lighting and ceiling fans. The 5,870 square foot corner lot features drought-tolerant gardens, mature trees, a private fenced rear yard and a detached garage.

Last Agent to Sell the Property

Margaret Garemore

Seven Gables Real Estate License #01224802 Listed on: 08/21/2022

Seven Gables Real Estate

Last Buyer's Agent

Geoff Clark

Compass License #01487063

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 5,870 Sq Ft Lot
  • South Facing Home
  • Block Wall Fence
  • Corner Lot
  • Private Yard
  • Garden
  • Back and Front Yard
  • Property is zoned MORM*

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Fixer Upper
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,550 Sq Ft Home
  • 1-Story Property
  • Coffered Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Frame Window
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Center Hall
  • Neighborhood Views

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Range Hood
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Bathrooms
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Ramp on the main level
  • Concrete Porch or Patio
  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 15 / D
  • Assessor Parcel Number 8505002009

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

5,870 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: MORM*
  • Architectural Style: Traditional
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 8505002009
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1550.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Coffered Ceiling(s), Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl, Wood
  • Accessibility Features: Ramp - Main Level
  • Appliances: Yes
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 490.32
  • Room Type: All Bedrooms Down, Bonus Room, Center Hall, Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Wood Frames
  • Bathroom Features: Shower, Exhaust Fan(s), Walk-In Shower
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Range Hood, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Floor Furnace
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Garden, Yard
  • Lot Size Sq Ft: 5870.00
  • Lot Size Acres: 0.1348

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5870.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: D
  • Tax Census Tract: 4310.03
  • Tax Lot: 15
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2022
Closed on
Sep 26, 2022
Sold by
Kokum John
Bought by
Yuk Jong
Seller's Agent
Margaret Garemore
Seven Gables Real Estate
Buyer's Agent
Geoff Clark
Compass
List Price
$899,000
Sold Price
$760,000
Premium/Discount to List
-$139,000
-15.46%
Views
113
Current Estimated Value
$929,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,892
Avg. Annual Appreciation
6.06%

Purchase Details

Closed on
Dec 23, 2014
Sold by
Dragan Georgina Noreen
Bought by
Dragan Georgia Noreen and Georgia Noreen Dragan Trust

Purchase Details

Closed on
Dec 16, 1995
Sold by
Groomer Mark Alan and Groomer Edith L
Bought by
Dragan Georgia N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,500
Interest Rate
7.18%

Purchase Details

Closed on
May 12, 1976
Sold by
Groomer Hardy H
Bought by
Groomer Edith Louise
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
Yuk Jong -- Lawyers Title
Dragan Georgia Noreen -- None Available
Dragan Georgia N $152,500 Title Land Company
Groomer Edith Louise -- Title Land
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dragan Georgia N $107,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2022 10/13/22 Sold $760,000 -4.9% $490 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
08/30/2022 08/30/22 Price Changed $799,000 -11.1% $515 / Sq Ft
08/21/2022 08/21/22 For Sale $899,000 -- $580 / 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 $10,562 $799,963 $632,563 $167,400
2024 $10,562 $784,278 $620,160 $164,118
2023 $10,204 $760,000 $608,000 $152,000
2022 $3,403 $238,703 $154,654 $84,049
2021 $3,329 $234,023 $151,622 $82,401
2019 $3,118 $227,084 $147,126 $79,958
2018 $3,042 $222,633 $144,242 $78,391
2016 $2,910 $213,990 $138,642 $75,348
2015 $2,845 $210,777 $136,560 $74,217
2014 $2,820 $206,649 $133,885 $72,764
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22179294

California Regional Multiple Listing Service (CRMLS)

APN: 8505-002-009

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