NOT LISTED FOR SALE

Estimated Value: $622,000 - $665,000

2 Beds
2 Baths
1,147 Sq Ft
$376/mo HOA Fee

Last Sold April 25, 2017

Last sale price $450,000 $392 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,446/month

23 Days on Market

Highlights

  • In Ground Pool
  • Gated Parking
  • 176,594 Sq Ft lot
  • Abraham Lincoln High School Rated A
  • View of Trees or Woods
  • Wood Flooring

About This Home

As of April 2017

Incredible opportunity to own spacious 2 bedroom condominium in a highly desirable community in tranquil Monterey Hills, close to Downtown LA and old town Pasadena with easy access to the 110 freeway! This unit has been completely remodeled and renovated throughout. New engineered wood flooring throughout home with new carpet in bedrooms. Kitchen is impeccable with new tiles floors, new granite counter tops accented with cherry wood cabinets and all new appliances. Spacious Master suite includes a walk-in closet and a upgraded bathroom featuring new dual sink vanity and large shower tub. Both bathrooms have been upgraded with beautiful tile detailing. Amenities in this complex include landscaping, pool, spa and paddle tennis court. Great as an income property or as an end-user condo. Unit is tenant-occupied; please do not disturb tenants.

Last Agent to Sell the Property

Vivian Yoon

Highland Premiere Real Estate License #01925833 Listed on: 03/05/2017

Co-Listed By

Esther Ji

Highland Premiere Real Estate License #01999075

Last Buyer's Agent

Emilie Broughton

License #01880930

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,272

Year Built

  • Built in 1981

Lot Details

  • 4.05

HOA Fees

  • $376 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gated Parking
  • Guest Parking
  • Parking Garage Space

Interior Spaces

  • 1,147 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Views of Woods
  • Disposal
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • In Ground Pool
  • Gated Home
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 5302-012-057

Community Details

Overview

  • 46 Units

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Additional Features

  • Elevator
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,272

Year Built

Built in 1981

Lot Details

0

HOA Fees

$376 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Street Number Display: Yes
  • Advertising Remarks: Incredible opportunity to own spacious 2 bedroom condominium in a highly desirable community in tranquil Monterey Hills, close to Downtown LA and old town Pasadena with easy access to the 110 freeway! This unit has been completely remodeled and renovated throughout. New engineered wood flooring throughout home with new carpet in bedrooms. Kitchen is impeccable with new tiles floors, new granite counter tops accented with cherry wood cabinets and all new appliances. Spacious Master suite includes a walk-in closet and a upgraded bathroom featuring new dual sink vanity and large shower tub. Both bathrooms have been upgraded with beautiful tile detailing. Amenities in this complex include landscaping, pool, spa and paddle tennis court. Great as an income property or as an end-user condo. Unit is tenant-occupied; please do not disturb tenants.
  • Complex Name: Drake Terrace HOA
  • Entry Floor: 2
  • Living Area: 1147
  • Planned Urban Dev: 0
  • Stories: 3
  • Unit Floor In Building: 2
  • Year Built: 1981
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Wood Burning
  • Flooring: Carpet, Tile, Wood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 372.28

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Association Pool, In Ground
  • Pool: Yes
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Community Garage, Garage - 2 Car, Gated

Utilities

  • Cooling: Central
  • Security: Card/Code Access, Gated

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Assoc Pet Rules, Elevator, Gated Parking, Guest Parking, Paddle Tennis, Pool, Spa, Tennis Courts
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 376.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5302-012-057
  • Geocode Override: No
  • Lot Size Area: 176594

Multi Family

  • Number Of Units: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2017
Closed on
Apr 5, 2017
Sold by
Barretto Brandon
Bought by
Chudasama Akash and Chudasama Bharat
Seller's Agent
Vivian Yoon
Highland Premiere Real Estate
Buyer's Agent
Emilie Broughton
List Price
$427,000
Sold Price
$450,000
Premium/Discount to List
$23,000
5.39%
Current Estimated Value
$647,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,730
Avg. Annual Appreciation
4.40%
Original Mortgage
$360,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 26, 2004
Sold by
Burton Robert Warren and Robert Warren Burton Revocable
Bought by
Barretto Brandon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2002
Sold by
Burton Robert Warren
Bought by
Burton Robert Warren and Robert Warren Burton Revocable

Purchase Details

Closed on
Apr 3, 1996
Sold by
Burton Elaine J
Bought by
Burton Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
7.84%

Purchase Details

Closed on
Mar 26, 1996
Sold by
First Trust Of California
Bought by
Burton Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
7.84%

Purchase Details

Closed on
Oct 11, 1995
Sold by
Kim Won Bok and Lee Oh Mok
Bought by
Security Pacific National Bank
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
Chudasama Akash $450,000 Provident Title Company
Chudasama Bharat -- Provident Title Company
Barretto Brandon -- Provident Title Company
Barretto Brandon $340,000 Ticor Title
Burton Robert Warren -- --
Burton Robert W -- First American Title Co
Burton Robert W $75,000 First American Title Co
Security Pacific National Bank $101,869 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chudasama Akash $344,000
Closed Chudasama Akash $360,000
Previous Owner Barretto Brandon $338,166
Previous Owner Barretto Brandon $13,500
Previous Owner Barretto Brandon $317,000
Previous Owner Barretto Brandon $272,000
Previous Owner Burton Robert W $52,000
Previous Owner Burton Robert W $71,250
Closed Barretto Brandon $34,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2017 04/25/17 Sold $450,000 +5.4% $392 / Sq Ft
03/28/2017 03/28/17 Pending -- -- --
03/05/2017 03/05/17 For Sale $427,000 -- $372 / Sq Ft
Source: The MLS

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 $6,272 $522,256 $262,173 $260,083
2024 $6,272 $512,017 $257,033 $254,984
2023 $6,151 $501,979 $251,994 $249,985
2022 $5,863 $492,137 $247,053 $245,084
2021 $5,788 $482,488 $242,209 $240,279
2019 $5,612 $468,179 $235,026 $233,153
2018 $5,586 $459,000 $230,418 $228,582
2016 $4,819 $398,000 $229,000 $169,000
2015 $4,351 $358,700 $206,200 $152,500
2014 $4,455 $358,700 $206,200 $152,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-208030

The MLS

APN: 5302-012-057