NOT LISTED FOR SALE

Estimated Value: $605,000 - $663,000

2 Beds
2 Baths
1,120 Sq Ft
4.05 Acres

Last Sold July 12, 2016

Last sale price $386,000 $345 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,071/month

37 Days on Market

Highlights

  • Heated In Ground Pool
  • Automatic Gate
  • Contemporary Architecture
  • Abraham Lincoln High School Rated A
  • 176,594 Sq Ft lot
  • Living Room with Fireplace

About This Home

As of July 2016

Gorgeous Drake Terrace end unit in desirable Monterey Hills feels like a home and offers an open and sunny floor plan, spacious living room with sleek fireplace, bright dining area with tree-top views, large upgraded kitchen for the chef and breezy balcony overlooking landscaped area. Indulgent master suite with over-sized windows features en-suite upgraded bathroom with double sinks, walk-in closet and bonus wall closet. A spacious guest bedroom and guest bathroom are designed for comfort. Entertain, relax and revel in 1st class recreational amenities, including pool/spa w/ expansive sundeck, and paddle court flanked by greenbelts! Move-In Condition/Beyond Immaculate! Enter unit from lush courtyard (no interior hallways!) Newer kitchen appliances/washer & dryer included. Secure parking w/2 assigned spaces/limited access building. Close proximity to LA entertainment venues, Pasadena eateries, USC Health Sciences Campus, major freeways and transportation.

Last Listed By

Rose Marin

Coldwell Banker Realty License #01424586 Listed on: 05/22/2016

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,216

Year Built

  • Built in 1981

Lot Details

  • 4.05

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,120 Sq Ft Home
  • Living Room with Fireplace
  • Dining Area
  • Carpet
  • Park or Greenbelt Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer

Home Security

Parking

  • 2 Covered Spaces
  • Tandem Parking
  • Automatic Gate
  • Guest Parking
  • Assigned Parking
  • Controlled Entrance

Pool

  • Heated In Ground Pool
  • Heated Above Ground Pool
  • Fence Around Pool

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5302-012-050

Community Details

Overview

  • Association fees include maintenance paid, trash, water
  • 87 Units

Amenities

  • Sundeck
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,216

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Drake Terr
  • Entry Floor: 2
  • Living Area: 1120
  • Planned Urban Dev: 0
  • Unit Floor In Building: 2
  • Year Built: 1981
  • Number Of Photos: 31
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Over Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Elevator, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 338.39

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Above Ground, Community, Fenced, Heated
  • Pool: Yes
  • View: Green Belt
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Controlled Entrance, Tandem
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector

Association/Amenities

  • Amenities: Assoc Pet Rules, Controlled Access, Elevator, Gated Parking, Guest Parking, Paddle Tennis, Pool, Sun Deck
  • Pet Rules: Assoc Pet Rules, Call

Condo/Co-op/Association

  • Association Fees Include: Maintenance Paid, Trash, Water
  • HOA Fees: 352.00

Lot Info

  • Assessor Parcel Number: 5302-012-050
  • Geocode Override: No
  • Lot Size Area: 176594

Multi Family

  • Number Of Units: 87

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2016
Closed on
Jun 6, 2016
Sold by
Rijke Miechiel
Bought by
Leslie J Harwood Separate Property Trust
Seller's Agent
Rose Marin
Coldwell Banker Realty
Buyer's Agent
LeAnn Healy
List Price
$379,000
Sold Price
$386,000
Premium/Discount to List
$7,000
1.85%
Total Days on Market
37
Current Estimated Value
$634,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,861
Avg. Annual Appreciation
5.86%
Original Mortgage
$308,800
Outstanding Balance
$246,221
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$393,620

Purchase Details

Closed on
Sep 24, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Rijke Miechiel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2010
Sold by
Joo Jacob S
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 10, 2001
Sold by
Joo Hyun Eun
Bought by
Joo Jacob S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.21%

Purchase Details

Closed on
Jun 30, 2001
Sold by
Kim Sang B and Kim Young S
Bought by
Joo Jacob S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.21%

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
Leslie J Harwood Separate Property Trust $386,000 Equity Title
Rijke Miechiel $235,000 Lsi Title
Federal Home Loan Mortgage Corporation $265,000 Servicelink
Joo Jacob S -- American Title Co
Joo Jacob S $148,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leslie J Harwood Separate Property Trust $308,800
Previous Owner Rijke Miechiel $175,000
Previous Owner Joo Jacob S $69,404
Previous Owner Joo Jacob S $300,000
Previous Owner Joo Jacob S $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2016 07/12/16 Sold $386,000 +1.8% $345 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
05/22/2016 05/22/16 For Sale $379,000 -- $338 / 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
2024 $6,216 $500,502 $304,264 $196,238
2023 $5,292 $430,584 $183,500 $247,084
2022 $5,045 $422,142 $179,902 $242,240
2021 $4,980 $413,866 $176,375 $237,491
2020 $5,027 $409,623 $174,567 $235,056
2019 $4,829 $401,593 $171,145 $230,448
2018 $4,804 $393,720 $167,790 $225,930
2016 $4,028 $324,675 $194,806 $129,869
2015 $3,970 $319,799 $191,880 $127,919
2014 $3,989 $313,536 $188,122 $125,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-127802

The MLS

APN: 5302-012-050