NOT LISTED FOR SALE

431 E Olive Ave Monrovia, CA 91016

Estimated Value: $1,218,000 - $1,405,000

4 Beds
3 Baths
2,552 Sq Ft
$506/Sq Ft Est. Value

Last Sold March 23, 2012

Last sale price $570,000 $223 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $7,596/month

24 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Tile Flooring
  • Clifton Middle School Rated A-
  • Den
  • 4-minute walk to Recreation Park

About This Home

As of March 2012

Two separate homes on a spacious lot with both units completely updated and transformed into new charming modern homes. The front unit is
1952 s.f. with 4 beds, 3 baths, and a den ( county tax record shows 3 beds and 2 baths) 3 beds and 2 baths located on the first floor, 1 bed/1bath plus the den located upstairs. This unit has been done with brand new plumbing, electric wiring, recess lights, new double-paned windows, new dishwasher, new stove, new dry wall (front unit), new kitchen cabinets with granite counter top and etc. Back unit is a cute 600 s.f.
one bed/one bath on the top of a three car enclosed garage. Both units are with central air/heat. The back unit separates from the front unit with fences and has alley access with its own parking spaces. Separate gas and electric meters. Great opportunity to live in one and lease the other one.
Prime location, north Huntington Dr., few blocks to downtown Monrovia, parks, farmers market, schools and transportation. Please use caution when going up to the second floor of the front unit. Some parts of the ceilings are low. Main house was built 1906, back unit was built 1956

Last Agent to Sell the Property

MEI-LI CHOW

IRN REALTY License #01212517 Listed on: 01/06/2012

Last Buyer's Agent

Dorothy Lee

Re/Max Premier Prop SanMarino License #00884529

Re/Max Premier Prop SanMarino

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1906

Lot Details

  • 7,949 Sq Ft Lot
  • Front Yard
  • Property is zoned MORM

Parking

  • 3 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 2,552 Sq Ft Home
  • Den
  • Tile Flooring
  • Mountain Views
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 4310
  • Assessor Parcel Number 8517011020

Home Details

Home Type

Single Family

Year Built

Built in 1906

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Inclusions: Stove, dish washer
  • Property Attached: No
  • View: Yes
  • Zoning: MORM
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 8517011020
  • Year Built: 1906
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2552.00
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Levels: Two
  • Price Per Square Foot: 223.35
  • Room Type: Den

Exterior Features

  • View: Mountain(s)
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00

Utilities

  • Appliances: Dishwasher
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7949.00
  • Lot Size Acres: 0.1800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7949.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 19
  • Tax Tract Number: 4310

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2012
Closed on
Mar 9, 2012
Sold by
Ong Johnny and Ong Rachel
Bought by
Ku Benjamin B and Ku Emily B
Seller's Agent
MEI-LI CHOW
IRN REALTY
Buyer's Agent
Dorothy Lee
Re/Max Premier Prop SanMarino
List Price
$598,000
Sold Price
$570,000
Premium/Discount to List
-$28,000
-4.68%
Current Estimated Value
$1,290,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$720,860
Avg. Annual Appreciation
6.12%
Original Mortgage
$427,500
Outstanding Balance
$293,242
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$997,618

Purchase Details

Closed on
Jun 8, 2011
Sold by
Fremont Investment & Loan
Bought by
Wells Fargo Bank N A

Purchase Details

Closed on
Jan 27, 2011
Sold by
Wells Fargo Bank N A
Bought by
Ong Johnny and Ong Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2007
Sold by
Hernandez Jose and Hernandez Esperanza
Bought by
Fremont Investment & Loan

Purchase Details

Closed on
Mar 4, 2004
Sold by
Garcia Jose and Garcia Emily S
Bought by
Hernandez Jose and Hernandez Esperanza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2001
Sold by
Garcia Sue
Bought by
Garcia Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
6.57%

Purchase Details

Closed on
Oct 22, 2001
Sold by
Carew Suzanne W and Suzanne W Carew Living Trust
Bought by
Garcia Jose and Garcia Emily S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
6.57%

Purchase Details

Closed on
Sep 22, 1993
Sold by
Carew Suzanne Wallace
Bought by
Carew Suzanne W and Suzanne W Carew Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ku Benjamin B $570,005 Advantage Title Inc
Wells Fargo Bank N A $390,000 Lawyers Title Company
Ong Johnny $390,000 Lawyers Title Company
Fremont Investment & Loan $626,101 Fidelity Natl Title Ins Co
Hernandez Jose $545,000 Southland Title
Garcia Jose -- --
Garcia Jose $234,000 Equity Title Company
Carew Suzanne W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ku Benjamin B $427,500
Previous Owner Ong Johnny $312,000
Previous Owner Hernandez Jose $436,000
Previous Owner Garcia Jose $187,200
Closed Hernandez Jose $109,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2012 03/23/12 Sold $570,000 -4.7% $223 / Sq Ft
01/30/2012 01/30/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $598,000 -- $234 / 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 $9,991 $715,939 $464,733 $251,206
2024 $9,991 $701,902 $455,621 $246,281
2023 $9,767 $688,140 $446,688 $241,452
2022 $9,490 $674,648 $437,930 $236,718
2021 $9,299 $661,421 $429,344 $232,077
2020 $9,024 $655,020 $424,942 $230,078
2019 $8,868 $642,185 $416,610 $225,575
2018 $8,604 $629,602 $408,442 $221,160
2016 $8,265 $604,790 $392,583 $212,207
2015 $8,138 $595,707 $386,687 $209,020
2014 $8,058 $584,039 $379,113 $204,926
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    MEI-LI CHOW

    IRN REALTY

  • Dorothy Lee

    Buyer's Agent in 2012

    Dorothy Lee

    RE/MAX

    (626) 676-8378

    1 in this area

    13 Total Sales

    Dorothy Lee
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12002174

California Regional Multiple Listing Service (CRMLS)

APN: 8517-011-020

California Los Angeles County Monrovia 91016

431 E Olive Ave, Monrovia, CA

Not Listed for Sale

Detached

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