NOT LISTED FOR SALE

408 W Walnut Ave Monrovia, CA 91016

Estimated Value: $1,108,000 - $1,706,000

5 Beds
3 Baths
1,836 Sq Ft
$733/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $880,000 $479 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $7,955/month

13 Days on Market

Highlights

  • Primary Bedroom Suite
  • Mountain View
  • No HOA
  • Monrovia High School Rated A
  • Lawn
  • 5-minute walk to Lucinda Garcia Park

About This Home

As of September 2020

A Real Turn-Key Property!!!Located in Monrovia, this exquisite, welcoming single family house is complete with 5 bedrooms and 3 full bathrooms. The inviting entryway with quaint landscaping leads to a cute porch, which overlooks the San Gabriel Valley mountains. The home was tastefully renovated and meticulously cared for. When you first walk in, you are greeted with a spacious living room with large windows, perfect for bringing in natural light. The bright, airy kitchen is complete with a skylight and a large island with elegant quartz countertops. The kitchen also provides convenient access to the side yard and detached two-car garage. The large master suite features its own bathroom and walk-in closet. It also boasts French doors which lead to the backyard. Other than the master bathroom, each other two bedrooms share a full bathroom. Hardwood floors and recessed lighting throughout add a modern twist to this house. This residence is also equipped with Nest’s smart home system and new AC units. The huge lot allows potential to build an ADU or guest house. Within walking distance to the Golden Line Station and Old Town Monrovia, this house is certainly a gem nestled in the Monrovia foothills.

Last Agent to Sell the Property

Ying Liu

UNIVERSAL ELITE REALTY License #02004344 Listed on: 07/24/2020

UNIVERSAL ELITE REALTY

Last Buyer's Agent

Mark Velasco

West Shores Realty, Inc. License #01789768

West Shores Realty, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 8,304 Sq Ft Lot
  • Landscaped
  • Sprinkler System
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre
  • Property is zoned MORM*

Parking

  • 2 Car Garage

Interior Spaces

  • 1,836 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Living Room
  • Home Office
  • Mountain Views

Kitchen

  • Gas and Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Schools

  • Monrovia High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 6218
  • Assessor Parcel Number 8506008010

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

8,304 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: MORM*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 8506008010
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1836.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 479.30
  • Room Type: Foyer, Kitchen, Living Room, Master Suite, Office, Walk-In Closet

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas & Electric Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • High School: Monrovia
  • High School2: MONROV

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Sprinkler System
  • Lot Size Sq Ft: 8304.00
  • Lot Size Acres: 0.1906

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8304.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4309.01
  • Tax Lot: 11
  • Tax Tract Number: 6218

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2024
Sold by
Velasco Mark Anthony and Velasco Tania M
Bought by
Velasco Family Trust and Velasco
Current Estimated Value
$1,345,032

Purchase Details

Listed on
Jul 24, 2020
Closed on
Sep 14, 2020
Sold by
Velasco Mark Anthony
Bought by
Velasco Mark Anthony and Velasco Tania M
Seller's Agent
Ying Liu
UNIVERSAL ELITE REALTY
Buyer's Agent
Mark Velasco
West Shores Realty, Inc.
List Price
$948,000
Sold Price
$880,000
Premium/Discount to List
-$68,000
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.14%
Original Mortgage
$630,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2020
Closed on
Aug 12, 2020
Sold by
Velasco Tania M
Bought by
Velasco Mark Anthony
Seller's Agent
Ying Liu
UNIVERSAL ELITE REALTY
Buyer's Agent
Mark Velasco
West Shores Realty, Inc.
List Price
$948,000
Sold Price
$880,000
Premium/Discount to List
-$68,000
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2018
Closed on
Jun 26, 2018
Sold by
Chi Sean Shaoxiang
Bought by
Liangs Land Llc
Seller's Agent
Alice Xu
IRN Realty
Buyer's Agent
Catherine Cheng
Berkshire Hathaway HomeServices California Properties
List Price
$839,000
Sold Price
$829,000
Premium/Discount to List
-$10,000
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.71%

Purchase Details

Listed on
Jan 16, 2018
Closed on
Feb 14, 2018
Sold by
Rivas Eugenia Esperanza
Bought by
Chi Sean Shaoxiang and Chen Min Zhen
Seller's Agent
Jenny Chow
Coldwell Banker Realty
Buyer's Agent
Alice Xu
List Price
$698,800
Sold Price
$650,000
Premium/Discount to List
-$48,800
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
100.37%

Purchase Details

Closed on
Dec 5, 2006
Sold by
Aleksanian Sarkis
Bought by
Rivas Eugenia Esperanza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 17, 2005
Sold by
Rowland Ernest J
Bought by
Aleksanian Sarkis and Petrosian Hripsime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2005
Sold by
Rowland Doris K
Bought by
Rowland Ernest J and Rowland Doris K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 1994
Sold by
Rowland Doris K
Bought by
Rowland Doris K and Viviani Terri D

Purchase Details

Closed on
Jan 14, 1994
Sold by
Rowland Doris K
Bought by
Rowland Doris K
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
Velasco Family Trust -- None Listed On Document
Velasco Mark Anthony -- Accommodation
Velasco Mark Anthony $880,000 First American Title Company
Velasco Mark Anthony -- First American Title Company
Liangs Land Llc $829,000 Ticor Title
Chi Sean Shaoxiang $650,000 Equity Title Los Angeles
Rivas Eugenia Esperanza $499,000 Commonwealth Land Title
Aleksanian Sarkis $480,000 Advantage
Rowland Ernest J -- --
Viviani Terri D -- --
Rowland Doris K -- --
Rowland Doris K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Velasco Mark Anthony $630,000
Previous Owner Rivas Eugenia Esperanza $399,200
Previous Owner Aleksanian Sarkis $384,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/23/2020 09/23/20 Sold $880,000 -7.2% $479 / Sq Ft
08/02/2020 08/02/20 For Sale $948,000 +7.7% $516 / Sq Ft
07/28/2020 07/28/20 Off Market $880,000 -- --
07/24/2020 07/24/20 For Sale $948,000 +14.4% $516 / Sq Ft
07/02/2018 07/02/18 Sold $829,000 -1.2% $452 / Sq Ft View Prior Sale
06/15/2018 06/15/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $839,000 +29.1% $457 / Sq Ft
02/26/2018 02/26/18 Sold $650,000 -7.0% $354 / Sq Ft View Prior Sale
01/29/2018 01/29/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $698,800 -- $381 / 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 $12,567 $952,537 $644,479 $308,058
2024 $12,567 $933,861 $631,843 $302,018
2023 $12,242 $915,551 $619,454 $296,097
2022 $11,883 $897,600 $607,308 $290,292
2021 $11,738 $880,000 $595,400 $284,600
2020 $11,060 $845,580 $599,658 $245,922
2019 $10,863 $829,000 $587,900 $241,100
2018 $9,120 $702,208 $470,052 $232,156
2016 $8,764 $674,942 $451,800 $223,142
2015 $8,570 $664,805 $445,014 $219,791
2014 $7,860 $602,000 $403,000 $199,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20148015

California Regional Multiple Listing Service (CRMLS)

APN: 8506-008-010

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