NOT LISTED FOR SALE

414 W Lime Ave Monrovia, CA 91016

Estimated Value: $1,101,000 - $1,487,000

4 Beds
2 Baths
1,675 Sq Ft
$769/Sq Ft Est. Value

Last Sold March 09, 2018

Last sale price $725,000 $433 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $8,019/month

12 Days on Market

About This Home

As of March 2018

Subject property consists of two detached, single story cottages both of which are two-bedroom / one bathroom. Tenants enjoy garage as well as open space parking. Units are separately metered for electricity and gas while the owner pays for water and trash. Both units are tenant occupied at this time.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 02/15/2018

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 02/15/2018

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,218

Year Built

  • Built in 1958

Lot Details

  • 7,973 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 1,675 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 010
  • Tax Tract Number 10
  • Assessor Parcel Number 8505007010

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $670
  • Maintenance Expense $1,000
  • Other Expense $300
  • Trash Expense $694
  • Water Sewer Expense $943
  • New Taxes Expense $9,112
  • Operating Expense $12,719
  • Gross Income $39,660
  • Net Operating Income $25,752

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,218

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 943.00
  • Zoning: MORM*
  • Property Type: Residential Income
  • Parcel Number: 8505007010
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 432.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 694.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7973.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 39660.00
  • Gross Operating Income: 38470.00
  • Gross Scheduled Income: 39660.00
  • Insurance Expense: 670.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 25752.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 12719.00
  • Other Expense: 300.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 12719.00

Tax Info

  • New Taxes Expense: 9112.00
  • Tax Census Tract: 4310.01
  • Tax Lot: 010
  • Tax Tract Number: 010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2018
Closed on
Apr 20, 2018
Sold by
Piproperties No 169 Llc
Bought by
Rambhatla Kamalakar and Rambhatla Savitri
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$735,000
Sold Price
$725,000
Premium/Discount to List
-$10,000
-1.36%
Current Estimated Value
$1,287,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$562,239
Avg. Annual Appreciation
7.81%
Original Mortgage
$543,750
Outstanding Balance
$466,610
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$820,629

Purchase Details

Listed on
Feb 15, 2018
Closed on
Mar 7, 2018
Sold by
Williams George F and The Williams Family Trust
Bought by
Pi Properties No 169 Llc
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$735,000
Sold Price
$725,000
Premium/Discount to List
-$10,000
-1.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Outstanding Balance
$466,610
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$820,629

Purchase Details

Closed on
Mar 9, 2004
Sold by
Williams Aurora and Williams Family Trust
Bought by
Williams Aurora and Williams Family Trust
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
Rambhatla Kamalakar $725,000 Fidelity National Title Comp
Pi Properties No 169 Llc $725,000 Fidelity Title Company
Williams George F -- Fidelity National Title
Williams Aurora -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rambhatla Kamalakar $543,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2018 03/09/18 Sold $725,000 -1.4% $433 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $735,000 -- $439 / 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 $15,218 $1,152,563 $487,093 $665,470
2024 $15,218 $1,129,965 $477,543 $652,422
2023 $11,282 $832,320 $468,180 $364,140
2022 $10,953 $897,600 $489,600 $408,000
2021 $10,348 $762,103 $304,841 $457,262
2020 $10,032 $754,290 $301,716 $452,574
2019 $9,855 $739,500 $295,800 $443,700
2018 $2,157 $123,370 $42,175 $81,195
2016 $2,067 $118,582 $40,539 $78,043
2015 $2,027 $116,802 $39,931 $76,871
2014 $2,022 $114,515 $39,149 $75,366
Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2018

    Kristopher German

    RE/MAX

    (909) 645-0443

    5 in this area

    127 Total Sales

    Kristopher German
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18036375

California Regional Multiple Listing Service (CRMLS)

APN: 8505-007-010

California Los Angeles County Monrovia 91016

414 W Lime Ave, Monrovia, CA

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