NOT LISTED FOR SALE

440 Prospect Ave Monrovia, CA 91016

Estimated Value: $1,594,305 - $1,892,000

3 Beds
2.5 Baths
2,728 Sq Ft
$634/Sq Ft Est. Value

Last Sold February 25, 2020

Last sale price $1,250,000 $458 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $10,519/month

65 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Panoramic View
  • Clifton Middle School Rated A-
  • All Bedrooms Downstairs
  • 1-minute walk to Kiwanis Park

About This Home

As of February 2020

Perched on a hillside in one of Monrovia’s most desirable neighborhoods, this multi-level home proudly reveals a host of fresh upgrades, ample space and beautiful city views that come alive with twinkling lights after sunset. Mature landscaping and attractive hardscaping create a welcoming ambiance on the top level, which reveals a formal living room, a formal dining room with outdoor access, and a family room with surround sound and a classic stone and brick fireplace. New paint lends a contemporary vibe to the home, which extends approximately 2,728 square feet and displays a gourmet kitchen with handsome cabinetry, granite countertops, a tray ceiling with recessed lighting, a pantry and high-end appliances. This floor also opens to a large view deck that encourages festive outdoor entertaining. Downstairs, 3 bedrooms include a master suite that accesses a covered view deck and features dual walk-in closets and a sitting area. The lowest level leads to a serene backyard complete with a resort pool and spa with a dramatic rock waterfall. A 2-car garage and a 300-square-foot basement provide ample storage, and wood flooring, new carpet, crown molding and in-ceiling speakers add to the home’s appeal. A city park is just down the block, local mountains feature endless year-round recreational attractions, and excellent schools, popular restaurants and abundant shopping centers are close by.

Last Agent to Sell the Property

Chris Kwon

Real Broker License #01918857 Listed on: 11/19/2019

Real Broker

Last Buyer's Agent

Chris Kwon

Real Broker License #01918857 Listed on: 11/19/2019

Real Broker

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • 8,401 Sq Ft Lot
  • Backyard Sprinklers
  • Density is up to 1 Unit/Acre
  • Property is zoned MORL*

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Driveway

Property Views

  • Panoramic
  • City Lights
  • Woods
  • Mountain
  • Hills
  • Neighborhood

Home Design

  • Turnkey
  • Composition Roof

Interior Spaces

  • 2,728 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Utility Basement

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Living Room Balcony
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 33751
  • Assessor Parcel Number 8518020047

Community Details

Overview

  • No Home Owners Association
  • Foothills

Recreation

  • Park
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1978 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: MORL*
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 8518020047
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2728.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Granite Counters, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Wired for Sound
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 458.21
  • Room Type: All Bedrooms Down, Basement, Entry, Family Room, Formal Entry, Kitchen, Living Room, Master Bathroom, Master Bedroom, Master Suite, Retreat, Walk-In Closet
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Granite Counters, Remodeled, Upgraded, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen
  • Basement: Utility

Exterior Features

  • Patio: Yes
  • View: City Lights, Hills, Mountain(s), Neighborhood, Panoramic, Trees/Woods
  • Patio And Porch Features: Deck
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Foothills, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Rear
  • Lot Size Sq Ft: 8401.00
  • Lot Size Acres: 0.1929

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8401.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4303.02
  • Tax Lot: 1
  • Tax Tract Number: 33751

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2019
Closed on
Feb 4, 2020
Sold by
Chi Oliver C and Chi Bobbie Jo C
Bought by
Burton Simon and Burton Sarah
Seller's Agent
Chris Kwon
Real Broker
Buyer's Agent
Chris Kwon
Real Broker
List Price
$1,250,000
Sold Price
$1,250,000
Current Estimated Value
$1,728,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,576
Avg. Annual Appreciation
5.71%
Original Mortgage
$1,000,000
Outstanding Balance
$885,430
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$843,146

Purchase Details

Closed on
Nov 5, 2014
Sold by
Kranz Peggy and Kranz Steven
Bought by
Chi Oliver C and Chi Bobbie Jo C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$919,200
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2002
Sold by
Kranz Steven E and Kranz Peggy A
Bought by
Kranz Steven and Kranz Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,400
Interest Rate
6.12%

Purchase Details

Closed on
Mar 24, 1997
Sold by
Kranz Steven E
Bought by
Kranz Steven E and Kranz Peggy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
8.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Burton Simon $1,250,000 Lawyers Title Company
Chi Oliver C $1,149,000 Old Republic Title Company
Kranz Steven -- Fidelity
Kranz Steven E -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burton Simon $1,000,000
Previous Owner Chi Oliver C $919,200
Previous Owner Kranz Steven $412,400
Previous Owner Kranz Steven E $292,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/25/2020 02/25/20 Sold $1,250,000 0.0% $458 / Sq Ft
01/23/2020 01/23/20 Pending -- -- --
12/30/2019 12/30/19 For Sale $1,250,000 0.0% $458 / Sq Ft
12/16/2019 12/16/19 Off Market $1,250,000 -- --
11/19/2019 11/19/19 For Sale $1,250,000 +8.8% $458 / Sq Ft
01/26/2015 01/26/15 Sold $1,149,000 +0.9% $446 / Sq Ft View Prior Sale
12/09/2014 12/09/14 For Sale $1,139,000 -- $442 / 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 $17,870 $1,367,052 $790,484 $576,568
2024 $17,870 $1,340,248 $774,985 $565,263
2023 $17,456 $1,313,970 $759,790 $554,180
2022 $16,943 $1,288,207 $744,893 $543,314
2021 $16,610 $1,262,949 $730,288 $532,661
2020 $16,158 $1,262,676 $640,679 $621,997
2019 $15,865 $1,237,918 $628,117 $609,801
2018 $15,520 $1,213,646 $615,801 $597,845
2016 $14,919 $1,166,521 $591,890 $574,631
2015 $4,952 $367,850 $128,320 $239,530
2014 $4,905 $360,645 $125,807 $234,838
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19267085

California Regional Multiple Listing Service (CRMLS)

APN: 8518-020-047