Seller's Agent in 2022
Micah Adams
CENTURY 21 ADAMS & BARNES
(626) 589-3870
10 in this area
29 Total Sales
415 W Lemon Ave Monrovia, CA 91016
Estimated Value: $1,163,000 - $1,392,000
4
Beds
3
Baths
2,214
Sq Ft
$576/Sq Ft
Est. Value
Highlights
- Mountain View
- Wood Flooring
- No HOA
- Monrovia High School Rated A
- Granite Countertops
- Shutters
About This Home
As of November 2022Must see this beautiful duplex! A potentially lucrative investment opportunity which is perfect for both investors and first time buyers. Live in one and rent out the other or lease out both! This property is located in the highly desirable community of Monrovia. Great layout on both houses. The front unit is a 3 bedroom 2 bath with plantation shutters, tile and wood flooring throughout, ample closet space, and a gas fire place in the living room. The kitchen is equipped with quartz counter tops and stainless steel appliances with an island overlooking the dining room. This unit also boasts an indoor laundry area, central air conditioning, solar panels, detached 2 car garage, and an over-sized back porch and patio. The back house is 1 bedroom 1 bath with a private patio, alley accessed gated entrance, and an attached 2 car garage with laundry hook ups. The combined potential rent amount is $5,750 per month. Prospective tenants and buyers will be attracted to this property situated conveniently to shopping, public transit, award winning schools, and Old Town Monrovia. This wonderfully updated duplex is a rare find- don’t miss it!
Last Agent to Sell the Property
CENTURY 21 ADAMS & BARNES License #01427306 Listed on: 07/06/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 8,003 Sq Ft Lot
- No Common Walls
- South Facing Home
- Front Yard
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
Home Design
- Duplex
Interior Spaces
- 2,214 Sq Ft Home
- 1-Story Property
- Recessed Lighting
- Shutters
- Living Room with Fireplace
- Mountain Views
- Laundry Room
Kitchen
- Gas Range
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Utilities
- Central Heating and Cooling System
- Water Heater
Additional Features
- Solar Heating System
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 16 / G
- Tax Tract Number 431
- Assessor Parcel Number 8505007018
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
- Foothills
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,500
- Trash Expense $872
- Water Sewer Expense $1,800
- Operating Expense $4,172
- Gross Income $5,750
- Net Operating Income $64,828
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2022
Closed on
Sep 12, 2022
Sold by
Tate Wesley V and Tate Mary Ann
Bought by
Yang Zhigang and Fu Ying
Seller's Agent
Micah Adams
CENTURY 21 ADAMS & BARNES
Buyer's Agent
Jack Yang
Re/Max Premier Prop SanMarino
List Price
$1,299,000
Sold Price
$1,160,000
Premium/Discount to List
-$139,000
-10.7%
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,424
Avg. Annual Appreciation
3.00%
Original Mortgage
$696,000
Interest Rate
6%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 18, 2002
Sold by
Skidmore Antoinette M and The Biasotti Revocable Living
Bought by
Tate Wesley
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,629
Interest Rate
7.08%
Mortgage Type
FHA
Purchase Details
Closed on
May 29, 2001
Sold by
Biasotti Joseph J
Bought by
Biasotti Joseph J and The Biasotti Revocable Living Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yang Zhigang | $1,160,000 | Chicago Title Company | |
| Tate Wesley | $242,000 | Chicago Title Co | |
| Biasotti Joseph J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Yang Zhigang | $696,000 | |
| Previous Owner | Tate Wesley | $238,629 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/04/2022 11/04/22 | Sold | $1,160,000 | -3.3% | $524 / Sq Ft |
| 08/19/2022 08/19/22 | Price Changed | $1,199,000 | -7.7% | $542 / Sq Ft |
| 07/06/2022 07/06/22 | For Sale | $1,299,000 | -- | $587 / 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 | $15,815 | $1,206,863 | $830,967 | $375,896 |
| 2024 | $15,815 | $1,183,200 | $814,674 | $368,526 |
| 2023 | $15,449 | $1,160,000 | $798,700 | $361,300 |
| 2022 | $7,219 | $521,503 | $261,426 | $260,077 |
| 2021 | $7,078 | $511,278 | $256,300 | $254,978 |
| 2019 | $6,746 | $496,115 | $248,699 | $247,416 |
| 2018 | $6,424 | $486,388 | $243,823 | $242,565 |
| 2016 | $6,172 | $467,503 | $234,356 | $233,147 |
| 2015 | $6,086 | $460,481 | $230,836 | $229,645 |
| 2014 | $5,974 | $451,462 | $226,315 | $225,147 |
Source: Public Records
Agents Affiliated with this Home
-
Micah Adams
-
Jack Yang
Buyer's Agent in 2022
Jack Yang
RE/MAX
(626) 203-8269
2 in this area
33 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV22146507
APN: 8505-007-018
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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