NOT LISTED FOR SALE

429 S New Ave Unit 5 Monterey Park, CA 91755

Estimated Value: $563,000 - $684,000

3 Beds
2 Baths
1,075 Sq Ft
$270/mo HOA Fee

Last Sold September 25, 2013

Last sale price $330,000 $307 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,069/month

Highlights

  • No Units Above
  • 0.42 Acre Lot
  • Eat-In Kitchen
  • Monterey Vista Elementary School Rated A-
  • Granite Countertops
  • Living Room

About This Home

As of February 2014

Recently remodeled condo for lease in Monterey Park! The condo is located on the second floor with 3 beds, 2 full baths and features laminate flooring, recessed lighting, and granite counter tops. Includes 2 covered parking spaces with storage units. No pets allowed. No on-site laundry or hookups. Conveniently located near everything! Ready for you to move in now!

Last Agent to Rent the Property

Morgan Kwong

MANREALTY.COM License #01799887 Listed on: 11/26/2013

Last Renter's Agent

Tracy Ngo

ATM Asset Mgmt, Inc. License #01384577

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,562

Year Built

  • Built in 1978

Lot Details

  • No Units Above
  • Two or More Common Walls

HOA Fees

  • $270 Monthly HOA Fees

Home Design

  • Planned Development

Interior Spaces

  • 1,075 Sq Ft Home
  • Recessed Lighting
  • Living Room
  • Laminate Flooring

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • 10 Units

Listing and Financial Details

  • Security Deposit $1,495
  • Rent includes association dues, trash collection, water
  • 12-Month Minimum Lease Term
  • Tax Tract Number 35646
  • Assessor Parcel Number 5259019042

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,562

Year Built

Built in 1978

Lot Details

0

HOA Fees

$270 per month

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 25
  • Deposit Security: 1495
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Owner

Listing Details

  • Property Attached: Yes
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 5259019042
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1075.00
  • Interior Amenities: Granite Counters, Recessed Lighting
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Laminate
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Area
  • Levels: One
  • Price Per Square Foot: 1.39
  • Room Type: Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 270.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Planned Unit Development
  • Lot Size Sq Ft: 18438.00
  • Lot Size Acres: 0.4230

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 18438.0000 Square Feet
  • Number Of Units In Community: 10
  • Number Of Units Total: 10
  • Rent Includes: Association Dues, Trash Collection, Water

Tax Info

  • Tax Tract Number: 35646

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2013
Closed on
Mar 19, 2014
Sold by
Keh Tony S
Bought by
Keh Alice K and The Tony S Keh & Alice K Keh Family Trus
Seller's Agent
Morgan Kwong
MANREALTY.COM
Buyer's Agent
Tracy Ngo
ATM Asset Mgmt, Inc.
Sold Price
$1,495
Current Estimated Value
$612,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$610,599

Purchase Details

Listed on
Jul 11, 2013
Closed on
Sep 17, 2013
Sold by
Chen Willy W
Bought by
Keh Tony S and Keh Alice K
Seller's Agent
Julia Zhao
Re/Max Elite Realty
Buyer's Agent
Letty Cuevas
GRANADA KNOLL REALTY
List Price
$348,000
Sold Price
$330,000
Premium/Discount to List
-$18,000
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$247,500
Outstanding Balance
$66,803
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$561,117

Purchase Details

Closed on
Nov 13, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
Chen Willy W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 2007
Sold by
Zhu Qin
Bought by
Deutsche Bank National Trust Co and Mortgage Pass Through Certificates Serie

Purchase Details

Closed on
Nov 23, 2005
Sold by
Wei Shui Hong
Bought by
Zhu Qin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
7.45%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 18, 2004
Sold by
Yang Xue Ping
Bought by
Wei Shui Hong

Purchase Details

Closed on
Aug 22, 2003
Sold by
Chen Tzu Cheng
Bought by
Yang Xue Ping

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,250
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 1995
Sold by
Tsou Ling Guo
Bought by
Chen Tzu Cheng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.8%
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
Keh Alice K -- None Available
Keh Tony S $330,000 Title 365
Chen Willy W $302,000 Fidelity National Title Co
Deutsche Bank National Trust Co $316,190 None Available
Zhu Qin $369,000 Chicago Title Insurance Co
Wei Shui Hong -- --
Yang Xue Ping $219,000 Investors Title Company
Chen Tzu Cheng $100,000 Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keh Tony S $247,500
Previous Owner Chen Willy W $258,333
Previous Owner Chen Willy W $271,000
Previous Owner Chen Willy W $271,000
Previous Owner Zhu Qin $295,200
Previous Owner Yang Xue Ping $164,250
Previous Owner Chen Tzu Cheng $42,000
Previous Owner Chen Tzu Cheng $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2014 02/11/14 Rented $1,495 -12.1% --
01/12/2014 01/12/14 Under Contract -- -- --
11/26/2013 11/26/13 For Rent $1,700 0.0% --
09/25/2013 09/25/13 Sold $330,000 +0.6% $307 / Sq Ft
08/15/2013 08/15/13 Pending -- -- --
08/01/2013 08/01/13 Price Changed $328,000 -3.0% $305 / Sq Ft
07/17/2013 07/17/13 Price Changed $338,000 -2.9% $314 / Sq Ft
07/11/2013 07/11/13 For Sale $348,000 +5.5% $324 / Sq Ft
07/06/2013 07/06/13 Off Market $330,000 -- --
07/06/2013 07/06/13 For Sale $348,000 +5.5% $324 / Sq Ft
06/27/2013 06/27/13 Off Market $330,000 -- --
05/06/2013 05/06/13 For Sale $348,000 -- $324 / 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 $5,562 $404,524 $244,431 $160,093
2024 $5,562 $396,593 $239,639 $156,954
2023 $5,376 $388,818 $234,941 $153,877
2022 $5,133 $381,195 $230,335 $150,860
2021 $5,107 $373,721 $225,819 $147,902
2019 $4,917 $362,638 $219,122 $143,516
2018 $4,887 $355,528 $214,826 $140,702
2016 $4,502 $341,725 $206,485 $135,240
2015 $4,414 $336,593 $203,384 $133,209
2014 $4,356 $330,000 $199,400 $130,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13238523

California Regional Multiple Listing Service (CRMLS)

APN: 5259-019-042